Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Shareholder Meeting (May 2024)
19 slides from Axis Capital's shareholder meeting presentation, May 3, 2024
Slide 1: Spring 2024 Shareholder Outreach
Spring 2024 Shareholder Outreach
Slide 2: Cautionary Note Regarding Forward-Looking Statements
2 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 facts included in this
Slide 3: Overview & Financial Highlights
3 Overview & Financial Highlights
Slide 4: AXIS at a Glance
4 $5.3 Mix of Business by GPW(3)) Insurance $6.3 $8.6 Billion Market Capitalization(1) Annualized ROACE 2000+ 2003 “AXS” Shares Listed on the New York Stock Exchange Since 19 Represented in $16.8 Cash & Investments(5) A/A+ Financial Strength Rating(6) With Stable Outlook Reinsurance $2.3 $31.8 Total
Slide 5: Focused on Driving Consistent, Profitable Returns
5 Deep Customer Relationships Broad Specialty Products and Services Strong Global Platform Underwriting Excellence GROWTH IN PROFITABILITY AND BOOK VALUE PER DILUTED COMMON SHARE Focused on Driving Consistent, Profitable Returns Leveraging our strengths to fully harness the potential of our platform
Slide 6: Underwriting Excellence, Broad Specialty Products, Deep Customer Relationships, Global Platform
6 Underwriting Excellence Broad Specialty Products and Services Deep Customer Relationships ✓ Disciplined portfolio management designed to deliver underwriting profitability across market cycles ✓ Leaning into favorable industry trends producing strong pricing momentum ✓ Re-focused AXIS Re to comple
Slide 7: Executive Compensation: Focus on Pay for Performance
7 Executive Compensation: Focus on Pay for Performance
Slide 8: Aligning Executive Compensation and Performance
8 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 performance goals Pay Element Objectives / Description S h o rt -T e rm Base Salary • Fixed component
Slide 9: CEO Compensation Tied to Company Performance
Our executive compensation program ties a significant portion of our CEO’s compensation to the financial, operational and stock price performance of our Company and is designed to promote rigorous accountability for creating long-term shareholder value CEO Compensation 2023 Promotional Equity Award
Slide 10: Compensation Practices
C o m p e n s a ti o n P ra c ti c e s Set robust goals, ensuring adequate stretch goals within our risk framework Link performance metrics to strategy to support shareholder value Provide appropriate mix of fixed and variable pay to reward Company, business unit and individual performance R
Slide 11: Corporate Governance
11 Corporate Governance
Slide 12: Highly Qualified Board Provides Effective Oversight
12 Highly Qualified Board Provides Effective Oversight 42% 5 out of 12 Directors are gender or racially/ethnically diverse Male 67% Female 33% Gender Caucasian 92% 8% Race/Ethnicity Black Vincent Tizzio President and CEO, AXIS Capital W. Marston Becker Chair Elect of the Board of AXIS Capital and Fo
Slide 13: Exemplary Culture & Corporate Citizenship
13 Exemplary Culture & Corporate Citizenship
Slide 14: Connecting Our Business Purpose to Corporate Citizenship
14 Connecting Our Business Purpose to Corporate Citizenship Implementing DEI plan with five key action areas: internal education, diverse recruitment, career development, goals/metrics and advocacy Key highlights: • Set goals to achieve global gender parity by 2025 and increase ethnic and female sen
Slide 15: We Ask for Your Support at Our 2024 Annual Meeting
We Ask for Your Support at Our 2024 Annual Meeting FOR All Director Nominees FOR Advisory Vote on Executive Compensation FOR Ratification of Auditor 15
Slide 16: Appendix
16 Appendix
Slide 17: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation (Unaudited) Operating Income and Operating Return on Average Common Equity For the Three Months Ended March 31, 2024 17
Slide 18: 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 19: Investor Inquiries
19 Investor Inquiries investorrelations@axiscapital.com
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