Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Bank of America Merrill Lynch Insurance Conference 2011
12 slides from Axis Capital's conference presentation, Feb 15, 2011
Slide 1: Bank of America Merrill Lynch Insurance Conference 2011
AXIS Capital Exhibit 99.1 Bank of America Merrill Lynch Insurance Conference 2011 New York, NY John Charman, CEO and President February 15, 2011
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Forward-looking statements only reflect our expectations and are not guarantees of performance. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements. We believe that these factors inclu
Slide 3: AXIS – Who we Are
AXIS – Who we Are Strong Balance Sheet Multi-Platform Approach Well Diversified Portfolio Bermuda-domiciled Specialty Insurer and Reinsurer Founded 2001; IPO – 2003; $4.2 Bn market capitalization at 2/11/2011 $3.75 Bn GWP in 2010 Underwriting-led, Diversified Specialty Insurer and Reinsurer with Str
Slide 4: Insurance Development of AXIS Insurance GPW
AXIS Insurance Development of AXIS Insurance GPW ($ in millions)
Slide 5: Reinsurance Development of AXIS Reinsurance GPW
AXIS Reinsurance Development of AXIS Reinsurance GPW ($ in millions)
Slide 6: Performance – Share Price to Fully Diluted Book Value
AXIS Performance – Share Price to Fully Diluted Book Value (1) Diluted book value per share calculated using Treasury stock method. Note 6/30/03 diluted book value per share is pro forma for AXIS Capital IPO. (2) Total value creation calculated as diluted book value per share plus cumulative declare
Slide 7: Key Highlights 2010 Financial Results
Key Highlights 2010 Financial Results GPW Growth 4.6% Combined Ratio 88.7% Operating ROACE 12.4% Diluted Book Value per Share Growth 17.0% Total Value Creation (1) 19.6% Managing bottom of soft P&C cycle and expecting improvement in P&C marketplace in 2012 Significant investments in Infrastructure,
Slide 8: Accident and Health Strategic Initiative
Accident and Health Strategic Initiative Provide customized products and risk-taking solutions for (re)insurance clients Primary product focus = accident, health, travel, disability and allied personal lines insurance and reinsurance Global footprint • Growth in 2011 from accident, catastrophe and s
Slide 9: Strong Risk Management
Strong Risk Management Clearly articulated objectives and risk appetite at a group and legal entity level Controlled risk taking: our financial strength and sustainable value creation are integral to our existence Clear accountability: we operate on the principle of delegated and clearly defined aut
Slide 10: Underwriting Objectives - 2011
Underwriting Objectives - 2011 Manage risk Maintain quality of our seasoned portfolio Prepare to accelerate when the market turns • Transformation initiative to increase productivity of intellectual capital at AXIS • Continue to build global footprint • A&H strategic initiative
Slide 11: Investment and Financial Objectives - 2011
Investment and Financial Objectives - 2011 Protect Book Value and Total Returns in Rising Rate Environment Defend investment income in a low rate and spread environment • Maintain exposure to investment-grade spread assets • Take advantage of weakness in municipal markets • Maintain positions in sho
Slide 12: Dividends & Share Repurchases
Dividends&Share Repurchases Capital Raised $ Millions $750 $250 $250 -$750 -$1,20 -$1,750 mShare Repurchases, = Common Dividends = Common Equity Raised 2002 AXIS
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