Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. Independent Director Stan Galanski was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 21
First quarter dividend of US$0.44 announced Shareholders will receive a dividend of US$0.44. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (13% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 14
Axis Capital Holdings Limited Declares Quarterly Dividend, Payable on July 15, 2026 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026. Announcement • Apr 03
AXIS Capital Holdings Limited, Annual General Meeting, May 14, 2026 AXIS Capital Holdings Limited, Annual General Meeting, May 14, 2026. Location: 29 richmond road, 3rd flr, pembroke hm 08, bermuda, United States Announcement • Apr 01
AXIS Capital Holdings Limited to Report Q1, 2026 Results on Apr 29, 2026 AXIS Capital Holdings Limited announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Announcement • Feb 27
AXIS Capital Holdings Limited Declares Quarterly Dividend, Payable on April 15, 2026 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026. Announcement • Feb 21
AXIS Capital Holdings Limited Announces Retirement of Thomas Ramey as Director, Effective February 20, 2026 On February 17, 2026, Thomas Ramey notified the Board of Directors of AXIS Capital Holdings Limited (Company) of his decision to retire from the Board, effective February 20, 2026. Announcement • Jan 09
AXIS Capital Holdings Limited to Report Q4, 2025 Results on Jan 28, 2026 AXIS Capital Holdings Limited announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Announcement • Dec 05
AXIS Capital Holdings Limited Declares Quarterly Dividend on Common Shares, Payable on January 15, 2026 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. Announcement • Dec 02
Axis Capital Holdings Limited Appoints Lewis Edwards as Head of Delegated Strategy, Global Markets AXIS Capital Holdings Limited has announced the appointment of Lewis Edwards to the newly-created role of head of Delegated Strategy, Global Markets. The executive will be based in London and oversee the development and leadership of Global Markets' portfolios of coverholder and managing general agent business. Announcement • Oct 03
AXIS Capital Holdings Limited to Report Q3, 2025 Results on Oct 29, 2025 AXIS Capital Holdings Limited announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Jul 02
AXIS Capital Holdings Limited to Report Q2, 2025 Results on Jul 29, 2025 AXIS Capital Holdings Limited announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • May 16
AXIS Capital Holdings Limited Declares Quarterly Dividends, Payable on July 17, 2025 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on July 17, 2025 to shareholders of record at the close of business on June 30, 2025. Announcement • Apr 04
AXIS Capital Holdings Limited, Annual General Meeting, May 16, 2025 AXIS Capital Holdings Limited, Annual General Meeting, May 16, 2025. Location: axis house, 92 pitts bay road, pembroke hm 08, bermuda, United States Announcement • Apr 03
AXIS Capital Holdings Limited to Report Q1, 2025 Results on Apr 30, 2025 AXIS Capital Holdings Limited announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Announcement • Feb 10
AXIS Capital Appoints Emilia Siravo as Head of Ceded Re, North America AXIS Capital has appointed Emilia Siravo as head of Ceded Re, North America. She will be responsible for driving the firm's North America Ceded Re strategy and execution. Announcement • Jan 08
AXIS Capital Holdings Appoints Sara Farrup as the Head of Global Markets AXIS Capital Holdings has appointed Sara Farrup as the head of global markets, part of the company's planned leadership transition announced in September 2024. Farrup will report to AXIS president and CEO Vince Tizzio and join the executive committee. In the new role, Farrup is operating out of London, replacing Mark Gregory, who will remain involved as a strategic advisor until March. Farrup most recently worked at Chubb, and before that, held managerial positions at RSA and Allianz Insurance. During her 13-year stint at Chubb, she served in multiple leadership positions including divisional president of Continental Europe and MENA, where she was tasked with handling property and casualty, accident and health, and consumer lines operations across 25 countries. Announcement • Jan 07
AXIS Capital Holdings Limited to Report Q4, 2024 Results on Jan 29, 2025 AXIS Capital Holdings Limited announced that they will report Q4, 2024 results After-Market on Jan 29, 2025 Announcement • Dec 06
AXIS Capital Holdings Limited Declares Quarterly Dividends, Payable on January 15, 2025 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 15, 2025 to shareholders of record at the close of business on December 31, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.06 (vs US$2.12 in 3Q 2023) Third quarter 2024 results: EPS: US$2.06 (down from US$2.12 in 3Q 2023). Revenue: US$1.61b (up 12% from 3Q 2023). Net income: US$173.2m (down 4.1% from 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 01
AXIS Capital Holdings Limited to Report Q3, 2024 Results on Oct 30, 2024 AXIS Capital Holdings Limited announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Declared Dividend • Sep 22
Second quarter dividend of US$0.44 announced Shareholders will receive a dividend of US$0.44. Ex-date: 30th September 2024 Payment date: 18th October 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 19
Axis Capital Declares Quarterly Dividends, Payable on October 18, 2024 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on October 18, 2024, to shareholders of record at the close of business on September 30, 2024. Announcement • Sep 17
AXIS Capital Holdings Limited Announces Executive Changes AXIS Capital Holdings Limited announced that Sara Mitchell has been appointed as its future Head of Global Markets. She succeeds Mark Gregory who will retire from the Company in March of 2025 following a career that spans five decades in the industry including 15 years with AXIS. During his time with AXIS, Mr. Gregory has been instrumental in helping grow the Company’s global presence as a specialty insurance leader. Ms. Mitchell, who previously served as Divisional President of Chubb’s Continental Europe and MENA business, will join the Company on November 25 as Strategic Advisor to the Head of Global Markets and will be a member of the Company’s Executive Committee. Ms. Mitchell, who will be based in London, will assume the role of Head of Global Markets on January 1, 2025 as part of a planned leadership succession process and will report to AXIS President and CEO Vince Tizzio. Mr. Gregory joined AXIS in January of 2010 as CEO of its International Division and is presently a member of the Company’s Executive Committee in his current role as Head of Global Markets, where he has led the division since its formation. Prior to AXIS, Mr. Gregory spent 15 years at Marsh where he held a series of leadership positions including CEO roles for both Bowring Marsh and Marsh Global Markets. He started his insurance career with Sedgwick Group in 1980. In addition, Mr. Gregory has served on the Boards of both the International Underwriting Association (IUA) and Lloyd’s Market Association (LMA). Ms. Mitchell joins AXIS following a 13-year tenure at Chubb where she held a series of leadership roles with increasing levels of responsibility. Since 2021, in her role as Divisional President of Continental Europe and MENA, she was responsible for Chubb’s property and casualty, accident and health, and consumer lines operations across 25 countries. Previously, she served in managerial roles at RSA and Allianz Insurance. Announcement • Aug 29
AXIS Capital Holdings Announces Board Changes AXIS Capital Holdings has announced that it has appointed a new head of aviation. Current head of aviation, Terry Wood is retiring at the end of September 2024. He had been with the firm for 22 years. David White is to take over in the position in October. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$2.42 (vs US$1.68 in 2Q 2023) Second quarter 2024 results: EPS: US$2.42 (up from US$1.68 in 2Q 2023). Revenue: US$1.45b (up 4.8% from 2Q 2023). Net income: US$204.4m (up 43% from 2Q 2023). Profit margin: 14% (up from 10% in 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 02
AXIS Capital Holdings Limited to Report Q2, 2024 Results on Jul 30, 2024 AXIS Capital Holdings Limited announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Declared Dividend • May 20
First quarter dividend of US$0.44 announced Shareholders will receive a dividend of US$0.44. Ex-date: 28th June 2024 Payment date: 18th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 18
AXIS Capital Holdings Limited (NYSE:AXS) announces an Equity Buyback for $300 million worth of its shares. AXIS Capital Holdings Limited (NYSE:AXS) announces a share repurchase program. Under the program, the company will repurchase up to $300 million of its common shares. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €64.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 58% over the past three years. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$4.57 (vs US$2.03 in 1Q 2023) First quarter 2024 results: EPS: US$4.57 (up from US$2.03 in 1Q 2023). Revenue: US$1.42b (up 6.0% from 1Q 2023). Net income: US$387.9m (up 125% from 1Q 2023). Profit margin: 27% (up from 13% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Announcement • Apr 11
AXIS Capital Holdings Limited to Report Q1, 2024 Results on May 01, 2024 AXIS Capital Holdings Limited announced that they will report Q1, 2024 results After-Market on May 01, 2024 Announcement • Apr 05
AXIS Capital Holdings Limited, Annual General Meeting, May 16, 2024 AXIS Capital Holdings Limited, Annual General Meeting, May 16, 2024. Agenda: To consider and approve the election of directors; to consider and approve, by non-binding vote, the compensation paid to our named executive officers; and to consider other matters. Announcement • Mar 21
AXIS Promotes Kyle Freeman to Head of AXIS ILS AXIS Capital Holdings Limited announced that it has appointed Kyle Freeman as Head of AXIS ILS, effective immediately. Mr. Freeman’s responsibilities will include overseeing the Company’s activities related to third party assets under management in support of its ambition to achieve specialty leadership. He will report directly to AXIS Chief Financial Officer Peter Vogt. Mr. Freeman joined AXIS in 2021 as Head of ILS Structuring, Property, and was responsible for managing existing investor relationships as well as capital invested in property catastrophe sidecars, catastrophe bonds, joint ventures, and other ILS structures. Prior to AXIS, Mr. Freeman served as Head of North America Programs Pricing for AXA XL. He also held senior roles at companies such as JPMorgan, AIR Worldwide, and USAA. Before entering the corporate world, Mr. Freeman served for seven years in the U.S. Navy where he was a nuclear engineer and submarine officer. Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: US$4.06 (vs US$2.27 in FY 2022) Full year 2023 results: EPS: US$4.06 (up from US$2.27 in FY 2022). Revenue: US$5.64b (up 9.9% from FY 2022). Net income: US$346.0m (up 80% from FY 2022). Profit margin: 6.1% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Combined ratio: 99.9% (up from 95.8% in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 23
AXIS Capital Holdings Limited Declares Quarterly Dividend, Payable on April 18, 2024 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 18, 2024 to shareholders of record at the close of business on March 4, 2024. Recent Insider Transactions • Feb 09
Independent Director recently bought €381k worth of stock On the 6th of February, Stanley Galanski bought around 7k shares on-market at roughly €54.39 per share. This transaction increased Stanley's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €78k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$4.42 (vs US$2.27 in FY 2022) Full year 2023 results: EPS: US$4.42 (up from US$2.27 in FY 2022). Revenue: US$5.64b (up 9.9% from FY 2022). Net income: US$376.3m (up 95% from FY 2022). Profit margin: 6.7% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Dec 23
AXIS Capital Holdings Limited to Report Q4, 2023 Results on Jan 31, 2024 AXIS Capital Holdings Limited announced that they will report Q4, 2023 results After-Market on Jan 31, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.44 per share at 3.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 18 January 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%). Announcement • Dec 18
Axis Capital Holdings Limited Appoints Cliff Gallant as Head of Investor Relations and Corporate Development AXIS Capital Holdings Limited announced that it has appointed Cliff Gallant as Head of Investor Relations and Corporate Development, effective December 18, 2023. Mr. Gallant will report to AXIS Chief Financial Officer Peter Vogt and will serve as a member of the Company’s Global Finance leadership team. Mr. Gallant most recently served as Vice President of Investor Relations and Corporate Development at Hippo Insurance where he built the organization’s investor relations program. Previously Mr. Gallant served as Senior Vice President of Investor Relations at National General Insurance prior to its sale to Allstate, where he then joined the Company’s Corporate Development team. Mr. Gallant’s prior experience includes being a Portfolio Manager at Philadelphia Financial, Research Analyst at Nomura, and Managing Director at Keefe, Bruyette and Woods, among other roles. Announcement • Dec 08
AXIS Capital Holdings Limited Declares Quarterly Dividends, Payable on January 18, 2024 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 18, 2024 to shareholders of record at the close of business on December 29, 2023. Announcement • Dec 04
AXIS Capital Holdings Limited Appoints Stan Galanski to its Board of Directors and Risk Committee AXIS Capital Holdings Limited announced that it has appointed Stan Galanski to the Company’s Board of Directors. Effective January 1, 2024, Mr. Galanski will join the Board and will serve on its Risk Committee. Mr. Galanski most recently served as President and CEO of The Navigators Group, leading the Company from 2003 until its 2019 acquisition by The Hartford. Previously he served for two years as CEO of Intercargo Corporation, until its sale to XL Capital in 1999. Mr. Galanski’s prior roles include two years as President of New Hampshire Insurance Company, as well as 15 years at Chubb in various management and underwriting roles. Mr. Galanski’s appointment reflects a multi-year succession planning strategy to ensure balance between longer-tenured directors and perspectives of newer directors. With the addition of Mr. Galanski, the Board will consist of twelve members, eleven of whom are independent. Over the past six years, the Company has added nine new Directors to the Board (including Mr. Galanski). Announcement • Nov 12
AXIS Capital Holdings Limited Appoints John Owen as the Chief Executive of its Managing Agent Arm, AXIS Managing Agency AXIS Capital Holdings Limited has named John Owen as the new chief executive of its managing agent arm, AXIS Managing Agency (AMA). Subject to regulatory approval, Owen will be responsible for AMA, which oversees the group's Lloyd's of London operation including Syndicate 1686. Owen has been with AXIS for 19 years in underwriting and leadership roles. He served as marine and political risks head until May 2023 and is currently the global markets speciality head. Owen will now report to AXIS global markets head Mark Gregory. Gregory previously served as AMA's CEO and will continue to be a board member of AMA. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$2.12 (vs US$0.20 loss in 3Q 2022) Third quarter 2023 results: EPS: US$2.12 (up from US$0.20 loss in 3Q 2022). Revenue: US$1.43b (up 17% from 3Q 2022). Net income: US$180.5m (up US$197.5m from 3Q 2022). Profit margin: 13% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Oct 05
AXIS Capital Holdings Limited to Report Q3, 2023 Results on Nov 01, 2023 AXIS Capital Holdings Limited announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2023 Announcement • Sep 21
AXIS Capital Holdings Limited Declares Quarterly Dividend, Payable on October 18, 2023 AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on October 18, 2023 to shareholders of record at the close of business on October 2, 2023. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$1.68 (vs US$0.32 in 2Q 2022) Second quarter 2023 results: EPS: US$1.68 (up from US$0.32 in 2Q 2022). Revenue: US$1.38b (up 16% from 2Q 2022). Net income: US$143.1m (up 426% from 2Q 2022). Profit margin: 10% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 21
Axis Capital Holdings Limited Announces Appointment of Lori Bailey as Head of Cyber and Technology AXIS Capital Holdings Limited announced the appointment of Lori Bailey as Head of Cyber and Technology. Ms. Bailey reports to Mark Gregory, Head of Global Markets, and is based in New York. In her new role, Ms. Bailey will oversee the Company’s Global Cyber and Technology team and is responsible for shaping the division’s strategy, driving its profitability and growth goals, leading the global team, and further enhancing customer relationships. She succeeds Dan Trueman and, in the months ahead, Ms. Bailey and Mr. Trueman will work together to ensure a smooth transition. Ms. Bailey joined AXIS in June 2023 as Global Head of Growth within the Global Cyber and Technology team. Prior to joining AXIS, she served as Chief Insurance Officer at cyber-focused MGA Corvus where she led the risk capital and capital procurement strategy and was responsible for actuarial, catastrophe modeling, and captive management. She previously held senior positions at Zurich Insurance Group, leading the professional liability, specialty lines and cyber underwriting functions globally. She also held underwriting and client advisory roles at AIG and Marsh. Announcement • Jul 13
Axis Appoints Lauren Kent as President, Axis Re International AXIS Capital Holdings Limited announced the appointment of Lauren Kent as President, AXIS Re International. Ms. Kent reports directly to Ann Haugh, CEO of AXIS Re and is part of the reinsurance executive team. She is based out of the Company’s In this role, Ms. Kent is responsible for leading the international division of AXIS Re and shaping its strategy in alignment with the strategic priorities of the global Reinsurance business and the broader Company. This includes driving the profitability of a casualty and specialty portfolio, leading the underwriting and underwriting support teams, and enhancing value proposition through relationships with brokers and new and existing customers. Ms. Kent brings more than 25 years of experience in reinsurance spanning London, European and U.S. markets. Her expertise extends across multiple specialist lines of business, with a strong focus in the Casualty Treaty market. Most recently, Ms. Kent was Senior Vice President, International Casualty Manager at Chubb Tempest Re in Zurich. She has also held positions at companies including Endurance Specialty Limited, Endurance Worldwide Limited, GE Employers Reinsurance Corporation and Zurich Reinsurance. Announcement • Jun 28
AXIS Capital Holdings Limited to Report Q2, 2023 Results on Aug 01, 2023 AXIS Capital Holdings Limited announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 01, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of US$0.44 per share at 3.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Announcement • May 18
AXIS Capital Holdings Limited Appoints Rebecca O’Kill as Chief Data & Analytics Officer AXIS Capital Holdings Limited announced the appointment of Rebecca O’Kill as Chief Data & Analytics Officer, effective immediately. Ms. O’Kill will report to AXIS Chief Underwriting Officer Dan Draper and will be based in London. In this role, Ms. O’Kill will drive global data strategy and governance across AXIS, oversee the Company’s analytics operating model, and partner with the business to deliver business intelligence and insights that help support the underwriting process. Ms. O’Kill joins AXIS following 16 years with Beazley, where she held a series of leadership roles with increasing levels of responsibility including Interim Chief Data Officer and Head of Actuarial Analytics. Announcement • May 10
AXIS Appoints Mark Gregory as Head of Global Markets and Michael J. Mckenna as Head of North America AXIS Capital Holdings Limited announced the following appointments within its specialty insurance business: Mark Gregory as Head of Global Markets and the hiring and appointment of Michael J. McKenna as Head of North America. The newly created leadership positions will report directly to Vince Tizzio, President and CEO of AXIS. As Head of Global Markets, Mr. Gregory – who previously served as CEO, International Division – will oversee underwriting and business growth strategies for the Company’s International Retail business lines (EMEA/APAC/LatAm), as well as its Global Practices including Cyber and A&H insurance. Mr. McKenna will have oversight of underwriting and business growth strategies for the Company’s North America Wholesale and Retail businesses. Global Distribution (Insurance) and Digital will also report to him. Prior to joining AXIS, he held CUO roles with Falvey Insurance Group, The Hartford (Global Specialty Division), and Navigators (U.S. Insurance Segment), and served as SVP of the Specialty Reinsurance Division at Aon Benfield. Announcement • May 06
Axis Capital Holdings Limited Announces Executive Changes AXIS Capital Holdings Limited announced that Vincent C. Tizzio assumed the role of President of AXIS as part of a planned leadership transition, first announced in December 2022, and timed to the Company’s Annual General Meeting held at its corporate headquarters in Bermuda this morning. Mr. Tizzio succeeds longtime AXIS President and CEO Albert Benchimol, who will continue to serve as a strategic advisor to the Company through year end. Mr. Tizzio first joined AXIS in January of 2022 as Senior Advisor – Insurance Market Strategy and future Insurance CEO, reporting directly to Mr. Benchimol. In June 2022, Mr. Tizzio was promoted to CEO Specialty Insurance and Reinsurance, overseeing all business lines and front-end operations. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$2.03 (vs US$1.67 in 1Q 2022) First quarter 2023 results: EPS: US$2.03 (up from US$1.67 in 1Q 2022). Revenue: US$1.34b (up 6.5% from 1Q 2022). Net income: US$172.5m (up 22% from 1Q 2022). Profit margin: 13% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.44 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 18 April 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.6%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$2.27 (vs US$6.95 in FY 2021) Full year 2022 results: EPS: US$2.27 (down from US$6.95 in FY 2021). Revenue: US$5.14b (down 3.5% from FY 2021). Net income: US$192.8m (down 67% from FY 2021). Profit margin: 3.8% (down from 11% in FY 2021). The decrease in margin was primarily driven by higher expenses. Combined ratio: 95.8% (down from 97.5% in FY 2021). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
AXIS Capital Holdings Limited, Annual General Meeting, May 04, 2023 AXIS Capital Holdings Limited, Annual General Meeting, May 04, 2023. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$2.28 (vs US$6.95 in FY 2021) Full year 2022 results: EPS: US$2.28 (down from US$6.95 in FY 2021). Revenue: US$5.14b (down 3.5% from FY 2021). Net income: US$192.8m (down 67% from FY 2021). Profit margin: 3.8% (down from 11% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of US$0.44 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 18 January 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.4%). Announcement • Dec 14
AXIS Capital Holdings Limited to Report Q4, 2022 Results on Jan 25, 2023 AXIS Capital Holdings Limited announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Jan 25, 2023 Reported Earnings • Oct 27
Third quarter 2022 earnings released: US$0.20 loss per share (vs US$0.56 profit in 3Q 2021) Third quarter 2022 results: US$0.20 loss per share (down from US$0.56 profit in 3Q 2021). Revenue: US$1.23b (down 8.2% from 3Q 2021). Net loss: US$16.9m (down 136% from profit in 3Q 2021). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$0.32 (vs US$2.69 in 2Q 2021) Second quarter 2022 results: EPS: US$0.32 (down from US$2.69 in 2Q 2021). Revenue: US$1.20b (down 11% from 2Q 2021). Net income: US$27.2m (down 88% from 2Q 2021). Profit margin: 2.3% (down from 17% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 3.0%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (5.2%). Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$1.67 (vs US$1.37 in 1Q 2021) First quarter 2022 results: EPS: US$1.67 (up from US$1.37 in 1Q 2021). Revenue: US$1.26b (flat on 1Q 2021). Net income: US$141.6m (up 22% from 1Q 2021). Profit margin: 11% (up from 9.3% in 1Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 18 April 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$6.95 (up from US$1.79 loss in FY 2020). Revenue: US$5.32b (up 9.7% from FY 2020). Net income: US$588.4m (up US$739.0m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Combined ratio: 97.5% (down from 109.6% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$6.95 (up from US$1.79 loss in FY 2020). Revenue: US$5.32b (up 9.7% from FY 2020). Net income: US$588.4m (up US$739.0m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 January 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.2%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$0.56 (vs US$0.86 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.34b (up 7.0% from 3Q 2020). Net income: US$47.4m (up US$120.3m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$2.69 (vs US$1.33 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.34b (up 10% from 2Q 2020). Net income: US$227.9m (up 103% from 2Q 2020). Profit margin: 17% (up from 9.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.42 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 15 April 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 01
Full year 2020 earnings released: US$1.79 loss per share (vs US$3.37 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.84b (down 6.4% from FY 2019). Net loss: US$150.7m (down 153% from profit in FY 2019). Combined ratio: 109.6% (up from 102.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 29
Full year 2020 earnings released: US$1.79 loss per share (vs US$3.37 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.84b (down 6.4% from FY 2019). Net loss: US$150.7m (down 153% from profit in FY 2019). Combined ratio: 109.6% (up from 102.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 
