AXIS Capital Holdings Limited: Axis Capital Reports First Quarter Net Income Available to Common Shareholders of $116 Million, or $1.36 Per Diluted Common Share Operating income of $83 million, or $0.97 per diluted common share Improvement of 4.3 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the prior year Annualized return on average common equity ("ROACE") of 9.9% and annualized operating ROACE of 7.1% Book value per diluted common share of $53.03, an increase of $3.25, or 7%, compared to March 31, 2020 AXIS Capital Holdings Limited ("AXIS Capital" or "the Company") (NYSE: AXS) today announced financial results for the first quarter ended March 31, 2021. Commenting on the first quarter 2021 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: