Welcome to our dedicated page for Axis Cap Hldgs news (Ticker: AXS), a resource for investors and traders seeking the latest updates and insights on Axis Cap Hldgs stock.
Axis Capital Holdings Limited (AXS) provides specialty insurance and reinsurance solutions across global markets. This news hub offers investors and industry professionals centralized access to authoritative updates about the company’s operations and market position.
Track all material developments through press releases and verified news covering financial results, strategic initiatives, leadership updates, and industry recognition. Our curated collection simplifies monitoring of AXS’s specialty underwriting activities, reinsurance transactions, and risk management innovations.
Discover timely information about AXS Insurance and AXS Reinsurance segments, including product expansions in property/casualty lines and operational developments across key markets in Bermuda, Singapore, and North America. Content is organized to support informed analysis of the company’s disciplined underwriting culture and portfolio management strategies.
Bookmark this page for efficient access to AXS’s latest announcements and historical updates. Regularly updated content ensures stakeholders maintain current awareness of this global underwriter’s market activities.
AXIS Capital Holdings (NYSE: AXS) and Enstar Group (Nasdaq: ESGR) have successfully completed a previously announced loss portfolio transfer (LPT) transaction. The agreement covers $3.1 billion in reinsurance segment reserves from 2021 and prior underwriting years, primarily related to casualty portfolios.
The transaction is structured as a 75% ground-up quota share, with AXIS transferring $2.3 billion of reinsurance segment reserves to Enstar's subsidiary, Cavello Bay Reinsurance , which maintains S&P and AM Best 'A' financial strength ratings. The completion follows regulatory approvals and satisfaction of closing conditions.
AXIS Capital Holdings (NYSE: AXS) has scheduled the release of its first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The company will host an investor teleconference on Thursday, May 1, 2025, at 8:30 a.m. ET.
President and CEO Vince Tizzio and CFO Peter Vogt will lead the conference call to discuss Q1 results and related matters. Investors can access the call through various channels, including U.S., Canadian, and international dial-in numbers, or via a live webcast on the company's website.
AXIS Capital (NYSE: AXS) has announced two significant shareholder-focused initiatives. The Board of Directors declared a quarterly dividend of $0.44 per common share, payable on April 17, 2025, to shareholders of record as of March 31, 2025. Additionally, a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) was declared with the same payment and record dates.
The company also unveiled a new $400 million share repurchase program, replacing the previous $300 million program which had been exhausted. This open-ended program allows AXIS Capital to repurchase shares opportunistically in both open market and private transactions, with timing and amount dependent on market, economic, corporate, and regulatory conditions.
AXIS Capital (NYSE: AXS) reported strong Q4 2024 financial results with net income of $286 million ($3.38 per diluted share) and operating income of $252 million ($2.97 per diluted share). The company achieved a combined ratio of 94.2% and saw gross premiums increase by $191 million (11%) to $2.0 billion.
For full-year 2024, AXIS delivered net income of $1.1 billion ($12.35 per diluted share) and operating income of $952 million ($11.18 per diluted share). The company reported a return on average common equity (ROACE) of 20.5% and operating ROACE of 18.6%. Book value per diluted share increased by 20.7% to $65.27.
The Insurance segment grew 7.7% to $6.6 billion in premiums with an 89.1% combined ratio, while Reinsurance grew 7.9% to $2.4 billion with a 91.8% combined ratio. The company returned $350 million to shareholders through share repurchases ($200 million) and dividends ($150 million).
AXIS Capital Holdings (NYSE: AXS) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 29, 2025, after market close. The company will host an investor teleconference on Thursday, January 30, 2025, at 8:30 a.m. ET.
President and CEO Vince Tizzio and CFO Peter Vogt will lead the conference call, which will include a Q&A session. Investors can access the call via phone using specific dial-in numbers for U.S. and international callers, or through a live webcast available on the company's website. A replay will be available for two weeks following the call.
AXIS Capital Holdings (NYSE: AXS) has announced that Sara Farrup has taken over as Head of Global Markets, following a planned leadership transition announced in September 2024. Farrup, who will be based in London, reports directly to AXIS President and CEO Vince Tizzio and joins the Company's Executive Committee. She succeeds Mark Gregory, who will continue as a strategic advisor through March.
Farrup expressed enthusiasm about joining AXIS at this stage, emphasizing her commitment to building on existing momentum and fostering a strong culture. CEO Tizzio highlighted Farrup's extensive specialty knowledge, understanding of international markets, and track record of success as key factors in her appointment.
AXIS Capital (NYSE: AXS) and Enstar Group have entered into a loss portfolio transfer (LPT) reinsurance agreement covering AXIS's reinsurance segment business. Under the agreement, structured as a 75% ground-up quota share, AXIS will retrocede $2.3 billion of reinsurance segment reserves to Enstar, primarily from casualty portfolios related to 2021 and prior underwriting years totaling $3.1 billion at September 30th.
AXIS expects to recognize an approximate $60 million benefit from the excess of reserves ceded over the consideration over the next several years. The transaction, expected to close in the first half of 2025 subject to regulatory approvals, will be provided by Enstar's subsidiary Cavello Bay Reinsurance , which holds an S&P 'A' financial strength rating. AXIS will maintain claims control for the covered reserves.
AXIS Capital Holdings (NYSE: AXS) has announced that President and CEO Vince Tizzio and CFO Pete Vogt will participate in a fireside chat at the 2024 UBS Global Specialty Insurance/Reinsurance Virtual Conference. The discussion will be moderated by UBS analyst Brian Meredith and is scheduled for December 17, 2024, at 9:15 am eastern. The event will feature a live webcast, and an archived replay will be made available after the presentation.
AXIS Capital (NYSE: AXS) has announced its Board of Directors' declaration of quarterly dividends. The company will pay a dividend of $0.44 per common share and $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share). Both dividends will be payable on January 15, 2025, to shareholders of record as of the close of business on December 31, 2024.
AXIS Capital reported strong Q3 2024 financial results with net income of $173 million ($2.04 per diluted share) and operating income of $230 million ($2.71 per diluted share). Key highlights include a combined ratio of 93.1%, annualized operating ROACE of 17.3%, and book value per diluted share increase of 9.0% to $64.65. The company saw gross premiums written increase by 2% to $1.9 billion, with insurance segment up 5% and reinsurance segment down 9%. Net investment income rose 33% to $205 million. Despite impacts from Hurricanes Helene and Milton, AXIS maintained profitable operations while improving operating efficiency through their 'How We Work' program, reducing G&A ratio by 1.4 points to 12.1%.
