---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-24-000054"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:12:28.920669+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital Q1 net income $388M ($4.53/share) vs $173M prior; operating ROACE 18.2%

## Summary
- Net income available to common shareholders $388M ($4.53 diluted EPS), compared to $173M ($2.01) in Q1 2023.
- Operating income $220M ($2.57 diluted EPS); annualized operating ROACE 18.2%; combined ratio 91.1%.
- Gross premiums written grew 11% YoY; specialty insurance achieved record Q1 premiums of $1.6B with combined ratio 86.6%.
- Net investment income up 25% to $167M on higher fixed maturities yields; book yield 4.3% vs 3.7% a year ago.
- Book value per diluted share $57.13, up 5.7% from Dec 31, 2023; returned $100M to shareholders ($62M buybacks, $38M dividends).

## SEC filing metadata
- accession: 0001214816-24-000054
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000054/0001214816-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000054/axs-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000054
- JSON: https://secwatch.observer/filing/0001214816-24-000054.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000054.txt

## Key facts
- Earnings Releases
  AXIS CAPITAL HOLDINGS LTD reported the first quarter ended March 31, 2024 results: net income $388 million, EPS $4.53 per diluted common share.
  - Period: the first quarter ended March 31, 2024
  - Net income: $388 million
  - EPS: $4.53 per diluted common share
  - Result: reported results
  source text: AXIS Capital Holdings Limited, a Bermuda company, issued a press release reporting its first quarter 2024 results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000054/0001214816-24-000054-index.htm

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