Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Shareholder Meeting (April 2023)
17 slides from Axis Capital's shareholder meeting presentation, Apr 24, 2023
Slide 1: Schedule 14A Proxy Statement Cover
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy
Slide 2: Shareholder Outreach Spring 2023
Shareholder Outreach Spring 2023 1
Slide 3: Safe Harbor Statement
Safe Harbor Statement Cautionary Note regarding Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fac
Slide 4: Advancing Global Leadership in Specialty Risk
Advancing Global Leadership in Specialty Risk AXIS is continuing to evolve our business to increase profitability, lower volatility, and strengthen the portfolio, establishing a strong position in the fastest growing specialty markets AXIS Strengths Diversified Risk Strong Reputation Leveraging AXIS
Slide 5: AXIS at a Glance
AXIS at a Glance Market Capitalization(1) ROACE Gross Premiums Written(3) Mix of Business by GPW $5.3 4.3% $8.2 Billion Operating ROACE(2) Billion 11.1% “AXS” Shares Listed on the Represented in More Than 18 2,000+ NYSE Stock Exchange Since 2003 Offices Worldwide Employees Insurance 68.0% Reinsuranc
Slide 6: Diversified Specialty Portfolio
Diversified Specialty Portfolio Insurance 3.8% 4.6% Gross Premiums Written: $5.6 billion FY 2022 23.7% 11.7% Professional Lines Marine and Aviation 11.5% 32% Property Accident and Health 24.3% Total Liability Credit and Political Risk 20.4% Gross Premiums Cyber Written: $8.2 billion FY 2022 Reinsura
Slide 7: Aligning Executive Compensation and Performance
Aligning Executive Compensation and Performance Our executive compensation program is designed to link pay to performance, requiring our leadership team to deliver on specific annual and long-term Each NEO has 70% - 84% of their total performance goals. compensation package at-risk. Pay Element Obje
Slide 8: Compensation Package for Incoming CEO
Compensation Package for Incoming CEO The compensation package for our incoming CEO is designed to promote rigorous accountability for creating long-term shareholder value. Key Elements: Agreement term through 12/31/2026 Competitive Package – valued new CEO package based on market and experience 1.
Slide 9: 2023 Share Request
2023 Share Request At the 2023 Annual General Meeting, we plan to ask our shareholders to increase the shares authorized under the plan. Shares were last requested at the 2021 Annual General Meeting. WHY ARE WE ASKING FOR ADDITIONAL SHARES? HOW DO WE MANAGE OUR EQUITY PROGRAM? We are requesting 1,12
Slide 10: Strong Compensation & Governance Practices
Strong Compensation & Governance Practices WHAT WE DO ✓ Set robust goals, ensuring adequate stretch goals within ✓ Maintain a Clawback Policy our risk framework ✓ Retain an independent compensation consultant ✓ Link performance metrics to strategy to support ✓ Engage in regular shareholder outreach
Slide 11: Highly Qualified Board Provides Effective Oversight
Highly Qualified Board Provides Effective Oversight (1) Vincent Tizzio Michael Millegan Lizabeth H. Zlatkus Gender President and CEO, Former President, Former CFO and Chief AXIS Capital Verizon Risk Officer, The Hartford Male 64% Elanor R. Hardwick Barbara A. Yastine Anne Melissa Dowling Former Chie
Slide 12: Connecting Our Business Purpose to Corporate Citizenship
Connecting Our Business Purpose to Corporate Citizenship We help people and organizations around the world to manage risk, giving them the confidence to pursue their goals and ambitions. Our Corporate Citizenship program is Recent awards and recognitions one of many ways we advance this purpose Fost
Slide 13: We Ask for Your Support at Our 2023 Annual Meeting
We Ask for Your Support at Our 2023 Annual Meeting FOR All Director Nominees FOR Advisory Vote on Executive Compensation FOR Advisory Vote on Frequency of Executive Compensation Vote FOR Amended Equity Plan to Increase Shares FOR Ratification of Auditor 12
Slide 14: Appendix
Appendix 13
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation Operating Income and Operating Return on Average Common Equity 1. Tax expense (benefit) of $(36) million and Year ended December 31, $11 million for the years ended December 31, 2022 and 2021, respectively. Tax impact 2022 2021 is estimated by applying the
Slide 16: Rationale for the use of Non-GAAP Financial Measures
Rationale for the use of Non-GAAP Financial Measures We present our results of operations in a way we believe will be meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Some of the measurements we use are considered
Slide 17: Investor inquiries
Investor inquiries Miranda Hunter Head of Investor Relations 1.441.496.2600 investorrelations@axiscapital.com 16
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