NYSE:AXS

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AXIS Capital Holdings

Executive Summary

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide.


Snowflake Analysis

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

Stable Share Price: AXS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

AXS

-0.5%

US Insurance

1.3%

US Market


1 Year Return

-35.6%

AXS

-12.1%

US Insurance

14.9%

US Market

Return vs Industry: AXS underperformed the US Insurance industry which returned -13.8% over the past year.

Return vs Market: AXS underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

AXSIndustryMarket
7 Day-1.7%-0.5%1.3%
30 Day1.6%6.6%4.7%
90 Day11.9%15.2%17.1%
1 Year-33.4%-35.6%-9.8%-12.1%17.3%14.9%
3 Year-31.8%-37.7%1.6%-6.0%38.9%29.9%
5 Year-20.2%-30.6%32.7%16.0%71.3%52.8%

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

Valuation

Is AXIS Capital Holdings undervalued compared to its fair value and its price relative to the market?

0.71x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: AXS ($40.12) is trading above our estimate of fair value ($31.21)

Significantly Below Fair Value: AXS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AXS is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.

PE vs Market: AXS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AXS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AXS is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (1x).


Next Steps

Future Growth

How is AXIS Capital Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

95.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: AXS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AXS's is expected to become profitable in the next 3 years.

Revenue vs Market: AXS's revenue (0.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: AXS's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AXS's Return on Equity is forecast to be low in 3 years time (9.8%).


Next Steps

  • Explore growth companies in the Insurance industry.

Past Performance

How has AXIS Capital Holdings performed over the past 5 years?

-43.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXS is currently unprofitable.

Growing Profit Margin: AXS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AXS is unprofitable, and losses have increased over the past 5 years at a rate of 43.6% per year.

Accelerating Growth: Unable to compare AXS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AXS is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-5.5%).


Return on Equity

High ROE: AXS has a negative Return on Equity (-0.38%), as it is currently unprofitable.


Next Steps

Financial Health

How is AXIS Capital Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: AXS's short term assets ($11.2B) do not cover its short term liabilities ($18.0B).

Long Term Liabilities: AXS's short term assets ($11.2B) exceed its long term liabilities ($3.1B).


Debt to Equity History and Analysis

Debt Level: AXS's debt to equity ratio (24.3%) is considered satisfactory.

Reducing Debt: AXS's debt to equity ratio has increased from 16.7% to 24.3% over the past 5 years.

Debt Coverage: AXS's debt is well covered by operating cash flow (24.9%).

Interest Coverage: AXS is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is AXIS Capital Holdings's current dividend yield, its reliability and sustainability?

4.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AXS's dividend (4.09%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: AXS's dividend (4.09%) is low compared to the top 25% of dividend payers in the US market (4.51%).


Stability and Growth of Payments

Stable Dividend: AXS's dividends per share have been stable in the past 10 years.

Growing Dividend: AXS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: AXS is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: AXS's dividends in 3 years are forecast to be well covered by earnings (34.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Albert Benchimol (62 yo)

8.25yrs

Tenure

US$9,278,330

Compensation

Mr. Albert A. Benchimol has been Elected Council member at Lloyd's of London since 2020 and was its External member since February 1, 2019 until 2020. Mr. Benchimol has been the Chief Executive Officer and ...


CEO Compensation Analysis

Compensation vs Market: Albert's total compensation ($USD9.28M) is above average for companies of similar size in the US market ($USD5.78M).

Compensation vs Earnings: Albert's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Albert Benchimol
CEO, President & Director8.25yrsUS$9.28m0.43%
$ 14.6m
Peter Vogt
CFO & Executive VP2.58yrsUS$2.14m0.070%
$ 2.4m
David Phillips
Chief Investment Officer6.33yrsUS$1.98m0.038%
$ 1.3m
Peter Wilson
Chief Executive Officer of AXIS Insurance6.33yrsUS$2.53m0.052%
$ 1.8m
Steve Arora
Chief Executive Officer of AXIS Reinsurance2.58yrsUS$3.17m0.029%
$ 967.7k
Kent Ziegler
Global Corporate Controller & Principal Accounting Officer1.83yrsno data0.0087%
$ 294.3k
Dan Trueman
Global Head of Cyber & Technologyno datano datano data
Keith Schlosser
Global Chief Information Officer1.58yrsno datano data
Matthew Rohrmann
Head of Investor Relations2.25yrsno datano data
Conrad Brooks
General Counsel & Corporate Secretary3.58yrsno data0.029%
$ 968.7k
Joseph Cohen
Chief Communications Officer3.92yrsno datano data
Michiko Kurahashi
Chief Marketing Officer3.92yrsno datano data

3.6yrs

Average Tenure

56.5yo

Average Age

Experienced Management: AXS's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Albert Benchimol
CEO, President & Director8.25yrsUS$9.28m0.43%
$ 14.6m
Christopher Greetham
Independent Director13.83yrsUS$320.00k0.034%
$ 1.1m
Charles Davis
Independent Director18.75yrsUS$230.00k2.92%
$ 98.9m
William Becker
Independent Director0.17yrno data0.0086%
$ 291.9k
Thomas Ramey
Independent Director11.08yrsUS$262.50k0.016%
$ 545.2k
Michael Butt
Chairman of the Board17.92yrsUS$700.00k1.17%
$ 39.6m
Lizabeth Zlatkus
Independent Director1.42yrsUS$179.23k0.0058%
$ 195.5k
Henry Smith
Lead Independent Director8.25yrsUS$317.50k0.053%
$ 1.8m
Barbara Yastine
Independent Director2.08yrsUS$232.50k0.0052%
$ 176.9k
Anne Dowling
Independent Director0.58yrno data0.0039%
$ 133.3k
Wilhelm Zeller
Independent Director11.08yrsUS$220.00k0.025%
$ 844.9k
Elanor Hardwick
Independent Director1.75yrsUS$223.55k0.0050%
$ 169.5k

8.4yrs

Average Tenure

69yo

Average Age

Experienced Board: AXS's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AXS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$3.382b
  • Shares outstanding: 84.31m
  • Website: https://www.axiscapital.com

Number of Employees


Location

  • AXIS Capital Holdings Limited
  • AXIS House
  • 92 Pitts Bay Road
  • Pembroke
  • HM 08
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXSNYSE (New York Stock Exchange)YesCommon SharesUSUSDJul 2003
AXVDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2003
AXS.PRENYSE (New York Stock Exchange)DEP SHS PFD EUSUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 00:50
End of Day Share Price2020/07/31 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.