AXS PFD E Offers Competitive Yield Versus Other Insurance Companies
AXIS Capital Holdings reported 15% year-over-year growth in premiums written and diluted book value, with a 93.1% combined ratio, though reinsurance premiums declined 25%. The company's fixed-rate, non-cumulative Series E preferred stock (AXS.PR.E) offers QDI-eligible dividends and BBB credit quality, appealing to income-focused investors.
Why it matters — AXS watchers would care because the article highlights both the company's strong underwriting results and the yield characteristics of its Series E preferred stock relative to other insurers.