Axis Capital Reports First Quarter Net Income Available to Common Shareholders of $247 Million, or $3.29 Per Diluted Common Share and Operating Income of $257 Million, or $3.42 Per Diluted Common Share

For the first quarter of 2026, the Company reports: Annualized return on average common equity ("ROACE") of 17. 0% and annualized operating ROACE of 17. 7% Combined ratio of 89. 8% Underwriting income of $187 million, an increase of $24 million, or 15%, compared to the first quarter of 2025 Book value per diluted common share of $78.