Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Shareholder Meeting (April 2022)
11 slides from Axis Capital's shareholder meeting presentation, Apr 15, 2022
Slide 1: Shareholder Outreach Spring 2022
Shareholder Outreach Spring 2022
Slide 2: Forward-looking statements
• the adverse impact of the ongoing COVID - 19 pandemic on our business, results of operations, financial condition and liquidity; • the cyclical nature of the insurance and reinsurance business leading to periods with excess underwriting capacity and unfavorable premium rates; • the occurrence and
Slide 3: AXIS at a glance
(1) Market data as of 04/14/22; GPW data for FY2021; $0.43 quarterly dividend announced 02/24/22. (2) Ratings of insurance and r ein surance subsidiaries of AXIS Capital Holdings Limited. AXIS at a glance 1 LEADING SPECIALTY INSURER AND GLOBAL REINSURER We provide our clients and distribution partne
Slide 4: Margin improvement, market position and pricing momentum
(1) Market data for dividend yield as of 04/14/22. MARGIN IMPROVEMENT Disciplined portfolio management is expected to continue to drive improvements in results; Core loss ratio improvement of 8.6 points since 2017, with an improvement of 2.6 points in FY2021. STRONG MARKET POSITION Insurance is in m
Slide 5: Executive compensation pay elements
Pay Element Objectives / Description Base Salary • Provides a fixed component of compensation to reflect the level of responsibility and experience. • Used to attract and retain executive talent. Annual Incentive (75% of CEO performance is based on financial results – OROACE) (1) • Motivates and rew
Slide 6: Overview of 2021 incentive plans
We welcome any additional feedback your have on our executive compensation program. Performance Payout 2021 PSU Payout Scale 100% Based on Relative TSR Performance 85 th & Above 200.0% 75 th 166.7% 65 th 133.3% 55 th 100.0% 45 th 75.0% 35 th 50.0% 25 th 25.0% < 25 th 0% 40% 60% CEO LTI Mix RSUs (4-Y
Slide 7: Compensation and governance practices: what we do and do not do
WHAT WE DO WHAT WE DO NOT DO x Set robust goals, ensuring adequate stretch goals within our risk framework x Link performance metrics to strategy to support shareholder value x Provide appropriate mix of fixed and variable pay to reward Company, business unit and individual performance x Retain disc
Slide 8: Highly qualified board
Albert A. Benchimol President and CEO, AXIS Capital Elanor R. Hardwick Former Chief Digital Officer, UBS Axel Theis Former Member of Board of Management, Allianz and Former CEO, Allianz Global Corporate & Specialty W. Marston Becker Former Chair, QBE Insurance Michael Millegan Former President, Veri
Slide 9: Furthering our commitment to ESG
GUIDED BY EXTERNAL FRAMEWORKS FOCUS AREAS: ENVIRONMENT AND DE&I DIVERSITY EQUITY & INCLUSION ENVIRONMENT I n 2018, AXIS launched a formalized program to address Environmental, Social and Governance (“ESG”) factors, with environment and diversity, equity & inclusion (DE&I) as our core focus areas. Si
Slide 10: ESG recognition
10 FINANCIAL STRENGTH STRATEGY COMPENSATION & INCENTIVES GOVERNANCE PRACTICES ESG COMMITMENT FURTHERING OUR COMMITMENT TO ESG RECOGNITION #5 of 44 evaluated insurance companies #3 fossil fuel policy among evaluated insurance companies Included in the 2022 and 2021 listings Recognized as 3+ Company b
Slide 11: We ask for your support at our 2022 Annual Meeting
We Ask for Your Support at Our 2022 Annual Meeting FOR All Director Nominees FOR Advisory Vote on Executive Compensation FOR Ratification of Auditor
AXIS Capital Holdings — Shareholder Meeting (April 2022) on 6ix