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AXIS Capital Holdings Limited

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Shares of AXIS Capital have outperformed the Zacks categorized Property and Casualty (P&C) industry, in the last three months. AXIS Capital continues to build on its Specialty Insurance, Reinsurance, and Accident and Health to pave way for long-term growth. It remains focused on deploying resources prudently, enhancing efficiencies and better serving clients and brokers across the globe. The insurer has also been improving its portfolio mix and underwriting profitability apart from strengthening the casualty and professional lines in the insurance segment. AXIS Capital also intends to pay back at least 100% of annual operating earnings to its shareholders via common dividends and share repurchases, unless it finds other growth avenues to invest the same. However, stiff competition in the reinsurance industry slowing growth and lowering profitability along with escalating expenses eating into margins remain concerns.

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