Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Q2 2026 Earnings Presentation
17 slides from Axis Capital's earnings presentation, Jul 29, 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation 2026 Second Quarter
Slide 2: Safe Harbor Statement
Safe Harbor Statement CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Insurance Risk: the cyclical nature of insurance and reinsurance business leading to periods with excess underwriting capacity and unfavorable premium rates; the frequency and severity of natural and man-made disasters; the e
Slide 3: AXIS Aspiration
AXIS Aspiration A leading Specialty Underwriter, generating consistent top-quartile diluted book value per common share (“DBVPS”) growth for shareholders 3
Slide 4: AXIS at a Glance
AXIS at a Glance Our strategic focus is on Specialty products: Second Quarter 2026 Headlines Risk transfer solutions that require customized and tailored offerings delivered by underwriting expertise through a global multivariate distribution model and customer profiles Strong Insurance Group Combin
Slide 5: A Leading Specialty Underwriter
A Leading Specialty Underwriter Built for all seasons, an operating model that enables us to pivot as needed Performance Poised for culture that is profitable both results driven growth driven and people- by our strategic oriented initiatives A global distribution Disciplined cycle model grounded in
Slide 6: Global Specialty Platform
Global Specialty Platform Serve global clients Presence in all Full licensing to Multivariate and different critical markets compete and grow distribution model customer segments Legal entity footprint Licenses and permissions in Multiple, well-established A diversified set of specialty providing ac
Slide 7: Winning on Talent
Winning on Talent Dynamic and Experienced Attracting Specialty Underwriting Leadership Team Talent and Building Capabilities Capabilities added include: NA Environmental Vincent C. Tizzio Matthew Kirk Ann Haugh President and CEO CFO Chief Operations Joined Jan. 2022 Joined Nov. 2025 Officer US Const
Slide 8: Specialty Experts
Specialty Experts Products requiring specialty expertise, GPW, last 12 months1 Second Quarter Performance Highlights Other3 • Gross premiums written were up 6% Cyber2 year-over-year to $2.7 billion Property4 Credit, Surety • Insurance increased by $296 million, or & Political Risk 15% • Active manag
Slide 9: Cycle Management
Cycle Management Portfolio Reshaping Second Quarter Performance Highlights Insurance Gross Premiums Written Reinsurance Gross Premiums Written • The construction of our portfolio is Group Combined Ratio guided by our principled view in managing the mix of our portfolio to $9.6B $9.0B achieve profita
Slide 10: Insurance Overview
Insurance Overview Product mix, GPW, last 12 months1 Second Quarter Performance Highlights Credit & Political Risk • Gross premiums written were up 15% Cyber year-over-year to $2.2 billion, including $729 million in new business Accident & Health Property2 • Gross premiums written growth was attribu
Slide 11: Disciplined Growth Aligned With Strategic Ambition
Disciplined Growth Aligned With Strategic Ambition Insurance, GPW, 12 months ended ($ in billions) Consistent Performance • Growth reflects disciplined underwriting and Core Product Lines targeted expansion Expanded Product Lines AXIS Capacity Solutions Expanded Classes • Retail Segment: Accelerated
Slide 12: Reinsurance Overview
Reinsurance Overview Product mix, GPW, last 12 months1 Second Quarter Performance Highlights Marine & Aviation • Continued to deliver positive bottom- Agriculture line results, maintaining commitment to 7% Credit & Surety generate consistent profitability and low Motor volatility 27% 11% • Gross pre
Slide 13: Consistent and Predictable Underwriting Performance
Consistent and Predictable Underwriting Performance Consistent Top Quartile Results With Less Volatility Than Our Peers Financial periods Q1’24 through Q1’26 unless otherwise noted AXS (Old) (Q1’18 - Q4’21) AXS (Transition) (Q1’22 - Q4’23) • The low volatility within our AXS (Q1’24 - Q1’26) Peer Com
Slide 14: AXIS Capacity Solutions
AXIS Capacity Solutions In 2025, AXIS launched its AXIS Capacity Solutions (ACS) capability, dedicated to developing structured, multi- line portfolio capacity opportunities on a global basis, while drawing on AXIS’ expertise with third party capital. ACS VALUE DRIVERS Creates new revenue sources –
Slide 15: "How We Work" Leverages our Competitive Platform, while Driving Productivity and Efficiency
"How We Work" Leverages our Competitive Platform, while Driving Productivity and Efficiency How We Work program launched in 2023 to enhance how we operate and how we go to market Group G&A Ratio From year-end 2023 to 2025, Gross Premiums Written have grown 15% while G&A dollars spent has only risen
Slide 16: Well-Positioned Portfolio Driving Strong Investment Returns
Well-Positioned Portfolio Driving Strong Investment Returns Strong and Stable Non-Fixed Income 4 Investment portfolio at 6/30/2026 Investment Income Fixed Maturities Total cash and investments Net investment income, in millions A+ Weighted average credit rating of fixed maturities portfolio 3 18% Al
Slide 17: Capital Management Aligned with Strategy Execution
Capital Management Aligned with Strategy Execution • Growth pursued only where returns meet Organic Growth & Investments volatility thresholds. 1 Support organic growth through investments and underwriting where premium is adequate. Optimize the • Reinsurance optimized to protect reinsurance program
Axis Capital Holdings — Q2 2026 Earnings Presentation on 6ix