Shares of AXIS Capital Holdings Limited (AXS) have rallied 26.7% year to date, compared with the industry’s increase of 15.5%, the Finance sector’s rise of 5.8% and the Zacks S&P 500 composite’s gain of 11.5%. With a market capitalization of $5.9 billion, the average volume of shares traded in the last three months was 0.6 million.A compelling and diversified product portfolio, underwriting excellence, digital capabilities and a solid capital position continue to drive this Zacks Rank #3 (Hold) insurer. Axi ...

AXIS Capital Holdings Limited (NYSE:AXS) Q1 2024 Results Conference Call May 2, 2024 9:30 AM ET Company Participants Cliff Gallant - Investor Relations Vince Tizzio - President and CEO Peter Vogt - CFO Conference Call Participants Dean Criscitiello - KBW Josh Shanker - Bank of America Elyse Greenspan - Wells Fargo Operator Good morning, and welcome to the First Quarter 2024 AXIS Capital Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentat ...

Core Viewpoint - AXIS Capital Holdings Limited reported a strong first-quarter 2024 performance with operating income per share of $2.57, exceeding estimates and showing a year-over-year increase of 10.3% [1] Financial Performance - Total operating revenues reached $1.4 billion, missing estimates by 2.8% but increasing 5% year over year due to higher net premiums earned and net investment income [2] - Net investment income surged 25% year over year to $167 million, driven by increased yields from the fixed maturities portfolio [2] - Total expenses rose 0.7% year over year to $1.15 billion, influenced by higher net losses and acquisition costs [2] - Pre-tax catastrophe losses were $20 million, a significant improvement from $38 million in the previous year [2] Underwriting Results - Underwriting income was $145.6 million, up 4.5% year over year, with a combined ratio of 91.1, deteriorating by 20 basis points [3] - In the insurance segment, gross premiums written improved 11.2% year over year to $1.5 billion, while net premiums earned increased 12.4% to $917.9 million [4] - Underwriting income in the insurance segment climbed 19% year over year to $122.9 million, with a combined ratio improving to 86.6 [4] - In the reinsurance segment, gross premiums written rose 11.8% year over year to $1 billion, although net premiums earned declined 17.8% to $340 million [5] Financial Position - Cash and cash equivalents at the end of the quarter were $1.14 billion, a 20% increase from the end of 2023 [6] - Total debts stood at $1.3 billion, a slight increase of 0.02% from the previous year [6] - Book value per share grew 5.7% from the end of 2023 to $57.13, supported by net income [6] Capital Management - AXIS Capital had $38 million remaining under its share repurchase program as of March 31, 2024 [8] Return Metrics - The annualized return on average common equity was 32.1% in the first quarter, an increase of 1,590 basis points year over year [7]

For the quarter ended March 2024, Axis Capital (AXS) reported revenue of $1.43 billion, up 5.1% over the same period last year. EPS came in at $2.57, compared to $2.33 in the year-ago quarter.The reported revenue represents a surprise of -2.85% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $2.54, the EPS surprise was +1.18%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Axis Capital (AXS) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.18%. A quarter ago, it was expected that this insurance company would post a loss of $1.25 per share when it actually produced earnings of $2.94, delivering a surprise of 335.20%.Over the last four quarters, the comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-31721 AXIS CAPITAL HOLDINGS LIMITED (Exact name of registrant as specified in its charter) Bermuda (State or other jurisdiction of incorporation or organiz ...

AXIS CAPITAL HOLDINGS LIMITED INVESTOR FINANCIAL SUPPLEMENT FIRST QUARTER 2024 | --- | --- | |------------------------------------------------------|-------| | | | | | | | AXIS Capital Holdings Limited | | | 92 Pitts Bay Road Pembroke HM 08 Bermuda | | | | | | Contact Information: Cliff Gallant | | | Investor Contact (415) 262-6843 | | | investorrelations@axiscapital.com | | | Website Information: www.axiscapital.com | | This report is for informational purposes only. It should be read in conjunction with t ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Axis Capital (AXS) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1. On the ...

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AXIS Capital Holdings Limited’s (AXS) compelling and diversified product portfolio, underwriting excellence, digital capabilities, solid capital position and favorable growth estimates make it worth adding to one’s portfolio.Zacks Rank & Price PerformanceAXIS Capital currently carries a Zacks Rank #2 (Buy). The stock has gained 15.8% over the past year compared with the industry’s growth of 30.6%.Image Source: Zacks Investment ResearchEarnings Surprise HistoryThis specialty insurer has a solid record of bea ...