---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-23-000048"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:54:30.483627+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital Q1 net income $173M, operating EPS $2.33; CEO Benchimol to step down May 4

## Summary
- Net income $173M ($2.01 diluted EPS); operating income $200M ($2.33 diluted EPS).
- Combined ratio 91%; Specialty Insurance gross written premiums $1.4B (record first quarter).
- Book value per diluted share $50.31, up 7.2% from Dec 31, 2022.
- Net investment income $134M, up from $91M YoY driven by higher fixed-income yields.
- CEO Albert Benchimol to step down; Vince Tizzio becomes President and CEO effective May 4, 2023.

## SEC filing metadata
- accession: 0001214816-23-000048
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000048/0001214816-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000048/axs-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-23-000048
- JSON: https://secwatch.observer/filing/0001214816-23-000048.json
- Plain text: https://secwatch.observer/filing/0001214816-23-000048.txt

## Key facts
- Earnings Releases
  AXIS CAPITAL HOLDINGS LTD reported the first quarter ended March 31, 2023 results: net income $173 million, EPS $2.01 per diluted common share.
  - Period: the first quarter ended March 31, 2023
  - Net income: $173 million
  - EPS: $2.01 per diluted common share
  - Result: reported results
  source text: AXIS Capital Reports First Quarter Net Income Available to Common Shareholders of $173 Million, or $2.01 Per Diluted Common Share and Operating Income of $200 Million, or $2.33 Per Diluted Common Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000048/0001214816-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.