Axis Capital Declares Quarterly Dividends

Rhea-AI Summary

AXIS Capital Holdings Limited (NYSE: AXS) has declared a quarterly dividend of $0.44 per common share, payable on April 18, 2023, to shareholders of record as of March 31, 2023. Additionally, a dividend of $34.375 per Series E 5.50% preferred share will be paid, also on April 18, 2023, with the same record date. The company reported shareholders' equity of $4.6 billion as of December 31, 2022. AXIS Capital operates globally, providing specialty insurance and reinsurance solutions and holds strong financial ratings from Standard & Poor's and A.M. Best.

Positive

• Quarterly dividend of $0.44 per common share signifies strong shareholder returns.
• Solid dividend of $34.375 per Series E preferred share reflects company confidence.
• Reported shareholders' equity of $4.6 billion indicates financial stability.

Negative

• None.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 18, 2023 to shareholders of record at the close of business on March 31, 2023.

In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on April 18, 2023 to shareholders of record at the close of business on March 31, 2023.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of $4.6 billion at December 31, 2022, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor’s and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

Follow AXIS Capital on LinkedIn and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005904/en/

Investor

Miranda Hunter

(441) 205-2635

investorrelations@axiscapital.com

Media

Nichola Liboro

(917) 705-4579

Nichola.liboro@axiscapital.com

Source: AXIS Capital Holdings Limited

FAQ

What is the dividend amount declared by AXS?

AXIS Capital declared a quarterly dividend of $0.44 per common share.

When is the dividend payable?

The dividend is payable on April 18, 2023.

What is the record date for the dividend?

The record date for the dividend is March 31, 2023.

What is the dividend for preferred shares of AXS?

The dividend for Series E 5.50% preferred shares is $34.375.

What are the financial ratings of AXS?

AXIS Capital has an 'A+' rating from Standard & Poor's and an 'A' rating from A.M. Best.