AXIS Capital Declares Quarterly Dividends and Announces New Share Repurchase Authorization
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) ha annunciato due importanti iniziative focalizzate sugli azionisti. Il Consiglio di Amministrazione ha dichiarato un dividendo trimestrale di $0,44 per azione ordinaria, che sarà pagato il 17 aprile 2025, agli azionisti registrati al 31 marzo 2025. Inoltre, è stato dichiarato un dividendo di $34,375 per azione preferenziale di Serie E al 5,50% (equivalente a $0,34375 per azione depositaria) con le stesse date di pagamento e registrazione.
L'azienda ha anche presentato un nuovo programma di riacquisto di azioni da $400 milioni, che sostituisce il precedente programma da $300 milioni, ormai esaurito. Questo programma aperto consente ad AXIS Capital di riacquistare azioni in modo opportunistico sia nel mercato aperto che in transazioni private, con tempistiche e importi che dipendono dalle condizioni di mercato, economiche, aziendali e normative.
AXIS Capital (NYSE: AXS) ha anunciado dos iniciativas significativas centradas en los accionistas. La Junta Directiva declaró un dividendo trimestral de $0.44 por acción común, que se pagará el 17 de abril de 2025, a los accionistas registrados al 31 de marzo de 2025. Además, se declaró un dividendo de $34.375 por acción preferente de la Serie E al 5.50% (equivalente a $0.34375 por acción depositaria) con las mismas fechas de pago y registro.
La empresa también presentó un nuevo programa de recompra de acciones de $400 millones, que reemplaza el programa anterior de $300 millones, que se había agotado. Este programa abierto permite a AXIS Capital recomprar acciones de manera oportuna tanto en el mercado abierto como en transacciones privadas, con el tiempo y la cantidad dependientes de las condiciones del mercado, económicas, corporativas y regulatorias.
AXIS Capital (NYSE: AXS)는 주주 중심의 두 가지 중요한 이니셔티브를 발표했습니다. 이사회는 보통주당 $0.44의 분기 배당금을 선언했으며, 이는 2025년 4월 17일에 지급되고, 2025년 3월 31일 기준 주주에게 지급됩니다. 또한, 시리즈 E 5.50% 우선주당 $34.375의 배당금 (예치 주식당 $0.34375에 해당)도 동일한 지급 및 기록 날짜로 선언되었습니다.
회사는 또한 새로운 $4억 규모의 자사주 매입 프로그램을 발표했으며, 이는 소진된 이전의 $3억 프로그램을 대체합니다. 이 개방형 프로그램은 AXIS Capital이 시장, 경제, 기업 및 규제 조건에 따라 시기와 금액을 결정하여 자사주를 기회에 따라 매입할 수 있도록 합니다.
AXIS Capital (NYSE: AXS) a annoncé deux initiatives significatives axées sur les actionnaires. Le Conseil d'Administration a déclaré un dividende trimestriel de $0,44 par action ordinaire, payable le 17 avril 2025, aux actionnaires enregistrés au 31 mars 2025. De plus, un dividende de $34,375 par action préférentielle de Série E à 5,50% (équivalent à $0,34375 par action dépositaire) a été déclaré avec les mêmes dates de paiement et d'enregistrement.
L'entreprise a également dévoilé un nouveau programme de rachat d'actions de 400 millions de dollars, remplaçant l'ancien programme de 300 millions de dollars qui avait été épuisé. Ce programme ouvert permet à AXIS Capital de racheter des actions de manière opportuniste tant sur le marché ouvert que dans des transactions privées, le moment et le montant dépendant des conditions de marché, économiques, corporatives et réglementaires.
AXIS Capital (NYSE: AXS) hat zwei bedeutende, auf die Aktionäre ausgerichtete Initiativen angekündigt. Der Vorstand erklärte eine vierteljährliche Dividende von $0,44 pro Stammaktie, die am 17. April 2025 an die Aktionäre, die am 31. März 2025 im Register stehen, ausgezahlt wird. Darüber hinaus wurde eine Dividende von $34,375 pro Serie E 5,50% Vorzugsaktie (entspricht $0,34375 pro Depotaktie) mit denselben Zahlungs- und Stichtagen erklärt.
Das Unternehmen stellte auch ein neues Aktienrückkaufprogramm in Höhe von $400 Millionen vor, das das zuvor erschöpfte Programm in Höhe von $300 Millionen ersetzt. Dieses offene Programm ermöglicht es AXIS Capital, Aktien opportunistisch sowohl im offenen Markt als auch in privaten Transaktionen zurückzukaufen, wobei Zeitpunkt und Betrag von Markt-, Wirtschafts-, Unternehmens- und Regulierungsbedingungen abhängen.
- New $400 million share repurchase program approved, representing a 33% increase from previous $300 million authorization
- Consistent quarterly dividend payments maintained, showing financial stability
- Previous $300 million share repurchase program fully utilized, demonstrating commitment to shareholder returns
- None.
Insights
The announced capital return initiatives signal robust financial health and management's confidence in AXIS Capital's operational outlook. The $0.44 quarterly dividend translates to a competitive yield in the property and casualty insurance sector, while the preferred share dividend of $34.375 helps maintain a balanced capital structure that supports the company's underwriting activities.
The new $400 million share repurchase authorization represents a significant 33% increase from the previous $300 million program. This expansion suggests strong free cash flow generation and potentially indicates management's view that shares are undervalued. The open-ended nature of the program provides strategic flexibility, allowing the company to opportunistically repurchase shares while maintaining capital adequacy for insurance operations.
The timing of this announcement is particularly noteworthy given the current hard market conditions in the insurance sector. Property and casualty insurers are benefiting from higher premium rates, and AXIS Capital's willingness to return substantial capital to shareholders while maintaining underwriting capacity demonstrates confidence in their market position and risk management capabilities.
The combined dividend and buyback programs create a comprehensive capital return strategy that enhances shareholder value through both immediate cash returns and potential EPS accretion. The preferred share dividend commitment ensures stability in the company's hybrid capital structure, which is important for maintaining strong financial ratings and competitive positioning in the insurance market.
PEMBROKE,
In addition, the Board declared a dividend of
AXIS Capital also announced that its Board of Directors approved a new share repurchase program, authorizing the Company to purchase up to an aggregate
The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or in privately negotiated transactions. The Company will consider share repurchases on an opportunistic basis. The timing and amount of the repurchases will depend on a variety of factors, including market, economic, corporate and regulatory conditions.
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
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Investor Contact
Cliff Gallant
+1 (415) 262-6843
investorrelations@axiscapital.com
Media Contact
Anna Kukowski
+1 212 715 3574
anna.kukowski@axiscapital.com
Source: AXIS Capital Holdings Limited
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