AXIS Capital Holdings
Market Cap
US$5.4b
Last Updated
2019/08/23 23:47 UTC
Data Sources
Company Financials +
Executive Summary
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide.
Snowflake
Fundamentals
Average dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has AXIS Capital Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.8%
NYSE:AXS
-2.3%
US Insurance
-1.6%
US Market
1 Year Return
11.9%
NYSE:AXS
5.6%
US Insurance
-3.0%
US Market
AXS outperformed the Insurance industry which returned 8.9% over the past year.
AXS outperformed the Market in United States of America which returned -0% over the past year.
Share holder returns
| AXS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -2.3% | -1.6% |
| 30 Day | 5.5% | -5.7% | -5.8% |
| 90 Day | 6.5% | -0.6% | 0.2% |
| 1 Year | 15.2%11.9% | 8.1%5.6% | -0.8%-3.0% |
| 3 Year | 24.2%14.5% | 40.7%30.0% | 38.0%29.1% |
| 5 Year | 51.7%33.4% | 60.6%41.5% | 50.8%34.1% |
Price Volatility Vs. Market
How volatile is AXIS Capital Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Worry About AXIS Capital Holdings Limited's (NYSE:AXS) CEO Pay?1 month ago | Simply Wall St
AXIS Capital Holdings (NYSE:AXS) Shareholders Have Enjoyed A 35% Share Price Gain2 months ago | Simply Wall St
Is AXIS Capital Holdings (NYSE:AXS) Using Too Much Debt?Valuation
Is AXIS Capital Holdings undervalued based on future cash flows and its price relative to the stock market?
21%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
AXIS Capital Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
AXIS Capital Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
AXIS Capital Holdings is overvalued based on earnings compared to the US Insurance industry average.
AXIS Capital Holdings is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
AXIS Capital Holdings is poor value based on expected growth next year.
Price Based on Value of Assets
AXIS Capital Holdings is good value based on assets compared to the US Insurance industry average.
Next Steps
Future Growth
How is AXIS Capital Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?
25.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
AXIS Capital Holdings's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
AXIS Capital Holdings's earnings are expected to grow significantly at over 20% yearly.
AXIS Capital Holdings's revenue growth is positive but not above the United States of America market average.
AXIS Capital Holdings's earnings growth is expected to exceed the United States of America market average.
AXIS Capital Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
AXIS Capital Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has AXIS Capital Holdings performed over the past 5 years?
-46.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
AXIS Capital Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
AXIS Capital Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
AXIS Capital Holdings has become profitable in the last year making it difficult to compare the US Insurance industry average.
Return on Equity
AXIS Capital Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
AXIS Capital Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
Return on Capital Employed
AXIS Capital Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is AXIS Capital Holdings's financial position?
Financial Position Analysis
AXIS Capital Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
AXIS Capital Holdings's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
AXIS Capital Holdings's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has increased over the past 5 years (24.8% vs 24.9% today).
Debt is not well covered by operating cash flow (2.6%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 7.3x debt.
Next Steps
Dividend
What is AXIS Capital Holdings's current dividend yield, its reliability and sustainability?
2.62%
Expected Dividend Yield
Dividend Yield and Payments Analysis
AXIS Capital Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
AXIS Capital Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.82%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
Next Steps
Management
What is the CEO of AXIS Capital Holdings's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average management tenure
CEO
Albert Benchimol (61yo)
7.3yrs
Tenure
US$7,804,796
Compensation
Mr. Albert A. Benchimol has been External Member of the Council at Lloyd's of London since February 1, 2019. Mr. Benchimol has been the Chief Executive Officer and President of Axis Capital Holdings Limite ...
CEO Compensation Analysis
Albert's remuneration is about average for companies of similar size in United States of America.
Albert's compensation has increased in line with AXIS Capital Holdings recently becoming profitable.
Management Age and Tenure
1.6yrs
Average Tenure
55yo
Average Age
The average tenure for the AXIS Capital Holdings management team is less than 2 years, this suggests a new team.
Board Age and Tenure
11.5yrs
Average Tenure
74.5yo
Average Age
The average tenure for the AXIS Capital Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Albert Benchimol (61yo)
CEO, President & Director
- Tenure: 7.3yrs
- Compensation: US$7.80m
Pete Wilson (59yo)
Chief Executive Officer of AXIS Insurance
- Tenure: 5.3yrs
- Compensation: US$3.06m
Richard Strachan (51yo)
Chief Operations Officer
- Tenure: 4.6yrs
David Phillips (50yo)
Chief Investment Officer
- Tenure: 5.3yrs
- Compensation: US$2.65m
Pete Vogt (55yo)
CFO & Executive VP
- Tenure: 1.6yrs
- Compensation: US$1.97m
Matt Rohrmann
Head of Investor Relations
- Tenure: 1.3yrs
Kent Ziegler (56yo)
Global Corporate Controller & Principal Accounting Officer
- Tenure: 0.8yrs
Dan Trueman
Global Head of Cyber & Technology
- Tenure: 0.0yrs
Steve Arora (43yo)
Chief Executive Officer of AXIS Reinsurance
- Tenure: 1.6yrs
- Compensation: US$5.92m
Keith Schlosser
Chief Information Officer
- Tenure: 0.6yrs
Board Members
Bob Friedman (76yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$220.00k
Albert Benchimol (61yo)
CEO, President & Director
- Tenure: 7.3yrs
- Compensation: US$7.80m
Maurice Keane (77yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$284.50k
Chris Greetham (74yo)
Independent Director
- Tenure: 12.8yrs
- Compensation: US$317.00k
Chuck Davis (71yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$230.00k
Thomas Ramey (75yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$262.50k
Michael Butt (76yo)
Chairman of the Board
- Tenure: 16.9yrs
- Compensation: US$864.86k
Henry Smith (70yo)
Lead Independent Director
- Tenure: 7.3yrs
- Compensation: US$366.50k
Barbara Yastine (60yo)
Independent Director
- Tenure: 1.1yrs
- Compensation: US$105.00k
Wilhelm Zeller (75yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$220.00k
Company Information
AXIS Capital Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AXIS Capital Holdings Limited
- Ticker: AXS
- Exchange: NYSE
- Founded: 2001
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$5.400b
- Shares outstanding: 83.95m
- Website: https://www.axiscapital.com
Number of Employees
Location
- AXIS Capital Holdings Limited
- AXIS House
- 92 Pitts Bay Road
- Pembroke
- HM 08
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AXS | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jul 2003 |
| AXV | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 2003 |
| AXS.PRD | NYSE (New York Stock Exchange) | PFD SER D 5.50% | US | USD | May 2013 | |
| AXS.PRE | NYSE (New York Stock Exchange) | DEP SHS PFD E | US | USD | Nov 2016 |
Biography
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/23 23:47 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.