Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Shareholder Meeting (April 2019)
10 slides from Axis Capital's shareholder meeting presentation, Apr 24, 2019
Slide 1: Shareholder Outreach 2019 Annual Meeting
Shareholder Outreach 2019 Annual Meeting May 2, 2019
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements in this presentation that are not historical facts, including statements regarding our estimates, beliefs, expecta tio ns, intentions, strategies or projections, may be “forward - looking statements” within the meaning of the U.S. federal securities laws, including t
Slide 3: AXIS at a Glance: A Leading Global Underwriter
Specialty Catastrophe Liability Motor Property A&H Pro Lines A Leading Global Underwriter 3 Pro Lines Property Liability Marine A&H/Other Aviation Credit & Political Risk Terrorism Insurance (55 % of GPW) AXIS at a Glance Market Capitalization (1) $ 4.8 Billion Gross Premium Written $ 6.9 Billion (F
Slide 4: Significantly Advancing Strategic Initiatives
Significantly Advancing Strategic Initiatives 4 Novae Integration Nearing Completion • Successful integration of Novae gives AXIS increased relevance at Lloyd’s • Complementary portfolio supports strategy to hold relevance and advance leadership in the specialty risk markets in which we compete • Sw
Slide 5: 2018 Performance Highlights
2018 Performance Highlights 5 Financial Highlights Accelerating Growth in Our Top Line • 2018 GWP grew 24% YoY with the addition of the Novae book Operational Improvements Supporting Margins • Portfolio optimization driving improved underwriting performance • Ongoing transformation expected to gener
Slide 6: 2018 Compensation Program Snapshot
89% Perf. Based Base Salary 11.3% Annual Incentive 19.7% PSUs 34.5% RSUs 34.5% 2018 Compensation Program Snapshot CEO Compensation is heavily equity - based and linked to rigorous performance goals, reflecting our pay - for - performance philosophy 6 70% Diluted Book Value per Common Share (“DBVPS”)
Slide 7: 2018 CEO Pay Outcomes
2018 CEO Pay Outcomes Incentive program payouts reflective of performance amidst a challenging market, changing regulatory environments, and significant property and catastrophe losses 7 2018 Pay Outcomes 70% P ayout 80% P ayout Demonstrated Pay for Performance Alignment 2018 Annual Incentive Plan 2
Slide 8: 2019 Compensation Program Enhancements
2019 Compensation Program Enhancements 8 As our leadership team executes on our transformation strategy, our incentive program rewards strong performance while serving to retain key talent Challenge Goal Change Significant industry M&A has decreased the number of peers Create more robust peer group
Slide 9: Highly Qualified Board Focused on Refreshment
Highly Qualified Board Focused on Refreshment 9 Michael A. Butt Chairman of the Board Robert L. Friedman Senior Advisor of The Blackstone Group L.P . Elanor R. Hardwick Chief Digital Officer of UBS Thomas C. Ramey Former Chairman and President of Liberty International Barbara A. Yastine Former Chair
Slide 10: We Ask for Your Support at Our 2019 Annual Meeting
FOR All Director Nominees FOR Advisory Vote on Executive Compensation FOR Ratification of Auditor 10 We Ask for Your Support at Our 2019 Annual Meeting
AXIS Capital Holdings — Shareholder Meeting (April 2019) on 6ix