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) announced the release of its Q2 financial results on July 30, 2024, after market close. The results will cover the period ending June 30, 2024. President and CEO Vince Tizzio, along with CFO Peter Vogt, will lead an investor teleconference on July 31, 2024, at 8:30 AM ET to discuss the results.
Investors can join the call by dialing 1-877-883-0383 (U.S.) or 1-412-902-6506 (international), using passcode 9099781. A live webcast will be available on the company's website, with a replay accessible for two weeks post-call at 1-877-344-7529 (U.S.) or 1-412-317-0088 (international), passcode 9537017.
AXIS has published a report titled 'Navigating Risk in the Energy Transition,' highlighting the risks and opportunities in the energy sector's shift towards net zero. The report, based on research involving over 600 energy industry stakeholders, underscores challenges like climate change, economic volatility, and the need for government support. Notably, 69% of industrial energy buyers anticipate climate change will impact their business performance. High capital costs and economic conditions are major barriers to renewable energy investments. The insurance sector is urged to adopt a more strategic role in supporting the energy transition.
AXIS Capital Holdings announced a quarterly dividend of $0.44 per common share and $34.375 per Series E 5.50% preferred share, both payable on July 18, 2024, to shareholders of record on June 28, 2024. The company also introduced a new share repurchase program authorizing up to $300 million in buybacks, adding to the existing $100 million repurchase program, with $36 million still available. This brings the total amount available for repurchases to $336 million. The repurchase timing and amount will depend on various market and economic factors.
AXIS Capital Holdings (NYSE: AXS) will host an Investor Day on May 30, 2024, featuring discussions on strategic priorities and outlook by President, CEO, and CFO. The event will have a live webcast, with in-person attendance by invitation only. An archived replay will be available post-event.
AXIS Capital reported first quarter net income available to common shareholders of $388 million, or $4.53 per diluted common share, and operating income of $220 million, or $2.57 per diluted common share. The company achieved an annualized return on average common equity of 32.1% and an annualized operating return on average common equity of 18.2%. AXIS Capital also reported a combined ratio of 91.1% and a book value per diluted common share of $57.13, indicating a 5.7% increase compared to December 31, 2023.
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