AXIS Capital announces new $100 Million share repurchase authorisation

Increases quarterly dividend By $0.01

AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) has today (8 December 2022) announced that its Board of Directors has authorised the repurchase of up to $100 million of the Company’s common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2023.

The Company intends to repurchase common shares opportunistically, when the timing and amount of the repurchases depending on a variety of factors, including market conditions and corporate and regulatory conditions.

The Company Board of Directors has also declared a quarterly dividend of $0.44 per common share payable on January 18, 2023 to shareholders of record at the close of business on December 30, 2022.

In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on January 18, 2023 to shareholders of record at the close of business on December 30, 2022.

Authored by AXIS Capital