Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Bank of America Merrill Lynch 2017 Insurance Conference
14 slides from Axis Capital's conference presentation, Feb 15, 2017
Slide 1: Bank of America Merrill Lynch 2017 Insurance Conference
Bank of America Merrill Lynch 2017 Insurance Conference, New York, NY Albert Benchimol, President & CEO AXIS Capital February 15, 2017 Exhibit 99.1
Slide 2: Forward-looking statements
Statements in this presentation that are not historical facts, including statements regarding our estimates, beliefs, expectations, intentions, strategies or projections, may be “forward-looking statements” within the meaning of the U.S. federal securities laws, including the Private Securities Liti
Slide 3: Goal, Value Proposition and Culture
GOAL AXIS is a global insurer and reinsurer, providing our clients and distribution partners a broad range of risk transfer products and services, meaningful capacity and unquestioned financial strength. VALUE PROPOSITION We nurture an ethical, entrepreneurial and disciplined culture that promotes o
Slide 4: Leading Hybrid Global (Re)insurer
Leading Hybrid Global (Re)insurer ($ in Billions) 2002-2016 Aggregate Gross Premiums Written Consolidated AXIS $54.9 ’02-’16 GPW $5.1 ’02-’16 Underwriting Income 90% ’02-’16 Aggregate Combined Ratio 29 Offices across 4 continents 1,300+ Employees A+/A+ Competitive Financial Strength Ratings* $14.7 T
Slide 5: Delivering Excellent Shareholder Value Creation
Diluted book value per share calculated using treasury stock method. 12/31/02 diluted BVPS is pro forma for AXIS Capital IPO. Total Value Creation = Growth in Diluted Book Value per Share(1) + Accumulated Declared Dividends Delivering Excellent Shareholder Value Creation 2002 – 2016 CAGR = 12.2%
Slide 6: Strategic Pathway
Strategic Pathway Hybrid model – Insurance and Reinsurance on global basis Customer centric value proposition - Focus on customers’ needs Strategic relationships with brokers and partners in distribution Align risk to most appropriate capital Intelligent growth for enhanced benefits of scale Commitm
Slide 7: Leadership in Specialty Risk
Leadership in Specialty Risk * Excluding Lloyds aggregate Hybrid model optimizes risk sourcing Leveraging existing position in markets where we are leaders or relevant players Judicious expansion of regional presences London specialty market Key international wholesale hubs Top 10 in U.S. P&C wholes
Slide 8: Delivering More Consistent Results
Business mix shift to write proportionally less volatile lines Application of data and analytics to drive portfolio construction Disciplined remedial action on underperforming business More effective use of reinsurance Delivering More Consistent Results More effective use of reinsurance
Slide 9: Reducing Volatility of Underwriting Results
* Reported AY Loss Ratios exclude prior year reserve movements. ** Expected Volatility Index represents the standard deviation in the annual plan. Standard Deviation of 2010 set equal to 1. Note: Reinsurance standard deviation plateau is driven by a single year’s experience – 2011 [NZ earthquake, Ja
Slide 10: Investments in Profitable Growth
A&H Agriculture RI Weather Primarily Casualty Renewable Energy Cyber Mortgage RI Flood RI US Regional RI Middle East Health RI Aviabel Miami / Latin America $50m Future Insurance Platform Analytics enhancing underwriter productivity Great progress achieved across major growth initiatives Launched se
Slide 11: Growing Strategic Capital Partnerships
AXIS Total Managed Capital: $7.9B* Preferred equity: $0.8B* Debt: $1B Third party capital: $1B Common equity: $5.1B Growing Strategic Capital Partnerships * Pro forma for Series C preferred shares to be redeemed in April 2017 Strategic Capital Partners Fee Income ($millions) $8.5M $22M $6.3M Premium
Slide 12: Prudent Reserves Designed to Absorb Emerging Risks
Actuarial, Claims and Underwriting work closely to identify trends and serious cases earlier – avoids surprises later Recognize bad news early. Exercise caution in reflecting good news Prudent Reserves Designed to Absorb Emerging Risks Appropriate longer-term assumptions utilized in pricing/ reservi
Slide 13: Building on a Strong Foundation
Building on a Strong Foundation Playing to AXIS strengths and increasing relevance in marketplace Resilient balance sheet and strategic flexibility Delivering improving, more stable results Expanding the franchise
Slide 14: Question & Answer Session
Question & Answer Session
AXIS Capital Holdings — Bank of America Merrill Lynch 2017 Insurance Conference on 6ix