Stock Analysis Report

AXIS Capital Holdings

Executive Summary

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

Snowflake Analysis

Undervalued established dividend payer.

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's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Insurance


US Market

1 Year Return




US Insurance


US Market

Return vs Industry: AXS underperformed the US Insurance industry which returned -26.3% over the past year.

Return vs Market: AXS underperformed the US Market which returned -15.9% over the past year.

Shareholder returns

7 Day-6.7%-7.0%-2.8%
30 Day-34.9%-27.7%-18.8%
90 Day-39.8%-34.1%-24.0%
1 Year-33.6%-35.6%-24.5%-26.3%-14.2%-15.9%
3 Year-41.0%-45.9%-12.8%-19.6%9.9%2.8%
5 Year-22.0%-31.9%9.3%-4.0%27.2%13.3%

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


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AXS ($35.96) is trading below our estimate of fair value ($87.32)

Significantly Below Fair Value: AXS is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: AXS is poor value based on its PE Ratio (10.7x) compared to the Insurance industry average (8.1x).

PE vs Market: AXS is good value based on its PE Ratio (10.7x) compared to the US market (12.2x).

Price to Earnings Growth Ratio

PEG Ratio: AXS is good value based on its PEG Ratio (0.4x)

Price to Book Ratio

PB vs Industry: AXS is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.8x).

Next Steps

Future Growth

How is AXIS Capital Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXS's forecast earnings growth (28.4% per year) is above the savings rate (1.7%).

Earnings vs Market: AXS's earnings (28.4% per year) are forecast to grow faster than the US market (13.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AXS's revenue is expected to decline over the next 3 years (-11% per year).

High Growth Revenue: AXS's revenue is forecast to decline over the next 3 years (-11% 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 (9.2%).

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AXS has high quality earnings.

Growing Profit Margin: AXS's current net profit margins (5.5%) are higher than last year (0.01%).

Past Earnings Growth Analysis

Earnings Trend: AXS's earnings have declined by -44% per year over the past 5 years.

Accelerating Growth: AXS's earnings growth over the past year (71203.3%) exceeds its 5-year average (-44% per year).

Earnings vs Industry: AXS earnings growth over the past year (71203.3%) exceeded the Insurance industry 43.7%.

Return on Equity

High ROE: AXS's Return on Equity (5.8%) is considered low.

Next Steps

Financial Health

How is AXIS Capital Holdings's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: AXS has a low level of unsold assets or inventory.

Debt Coverage by Assets: AXS's debt is covered by short term assets (assets are 5.6x debt).

Financial Institutions Analysis

Asset Level: AXS's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if AXS has a sufficient allowance for bad loans.

Low Risk Liabilities: AXS reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if AXS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AXS has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if AXS has an appropriate level of bad loans.

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AXS's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: AXS's dividend (4.56%) is low compared to the top 25% of dividend payers in the US market (5.82%).

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: With its reasonably low payout ratio (47.8%), AXS's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: AXS's dividends in 3 years are forecast to be well covered by earnings (32.1% payout ratio).

Next Steps


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


Average management tenure


Albert Benchimol (61yo)





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

Compensation vs Market: Albert's total compensation ($USD7.80M) is above average for companies of similar size in the US market ($USD5.71M).

Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.

Leadership Team

Albert Benchimol
CEO, President & Director7.92yrsUS$7.80m0.65% $19.8m
Peter Vogt
CFO & Executive VP2.25yrsUS$1.97m0.069% $2.1m
David Phillips
Chief Investment Officer6yrsUS$2.65m0.060% $1.8m
Peter Wilson
Chief Executive Officer of AXIS Insurance6yrsUS$3.06m0.094% $2.8m
Steve Arora
Chief Executive Officer of AXIS Reinsurance2.25yrsUS$5.92m0.11% $3.5m
Kent Ziegler
Global Corporate Controller & Principal Accounting Officer1.5yrsno data0.0087% $263.7k
Dan Trueman
Global Head of Cyber & Technologyno datano datano data
Keith Schlosser
Global Chief Information Officer1.25yrsno datano data
Matthew Rohrmann
Head of Investor Relations1.92yrsno datano data
Conrad Brooks
General Counsel & Corporate Secretary3.25yrsno data0.029% $868.5k


Average Tenure


Average Age

Experienced Management: AXS's management team is considered experienced (2.3 years average tenure).

Board Members

Albert Benchimol
CEO, President & Director7.92yrsUS$7.80m0.65% $19.8m
Robert Friedman
Independent Director18.42yrsUS$220.00k0.079% $2.4m
Maurice Keane
Independent Director17.58yrsUS$284.50k0.13% $3.9m
Christopher Greetham
Independent Director13.5yrsUS$317.00k0.034% $1.0m
Charles Davis
Independent Director18.42yrsUS$230.00k0.64% $19.5m
Thomas Ramey
Independent Director10.75yrsUS$262.50k0.019% $567.5k
Michael Butt
Chairman of the Board17.58yrsUS$864.86k1.17% $35.5m
Henry Smith
Lead Independent Director7.92yrsUS$366.50k0.053% $1.6m
Barbara Yastine
Independent Director1.75yrsUS$105.00k0.0052% $158.5k
Wilhelm Zeller
Independent Director10.75yrsUS$220.00k0.025% $757.2k


Average Tenure


Average Age

Experienced Board: AXS's board of directors are seasoned and experienced ( 12.1 years average tenure).


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$3.031b
  • Shares outstanding: 84.30m
  • Website: https://www.axiscapital.com

Number of Employees


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


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


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 segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products. It also provides professional insurance products that cover directors’ and officers’ liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, cyber and privacy, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers. In addition, this segment offers accidental death, travel, and specialty health products for employer and affinity groups, as well as accident and health reinsurance products through wholesale and retail brokers, managing general agents, and underwriters. The Reinsurance segment offers reinsurance products to insurance companies, including catastrophe reinsurance products; property reinsurance products covering property damage and related losses resulting from natural and man-made perils; professional lines; and credit and surety products. This segment also provides agriculture reinsurance products; coverages for various types of construction risks and risks related to erection, testing, and commissioning of machinery and plants during the construction stage; and marine, aviation, and personal accident reinsurance products. The company was founded in 2001 and is headquartered in Pembroke, Bermuda. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 02:14
End of Day Share Price2020/04/03 00:00
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.