Axis Capital Holdings Limited · NYSE:AXS
Axis Capital — Bank of America Merrill Lynch Insurance Conference 2012
9 slides from Axis Capital's conference presentation, Feb 15, 2012
Slide 1: AXIS Capital
AXIS Capital Bank of America Merrill Lynch Insurance Conference 2012 New York, NY John Charman, CEO and President February 15, 2012 Exhibit 99.1
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Forward-looking statements only reflect our expectations and are not guarantees of performance. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements. We believe that these factors inclu
Slide 3: Our Mission
Our Mission To become the Leading Global Specialty Insurer and Reinsurer as defined by Quality, Sustainability and Profitability
Slide 4: Diversified Global Insurer: AXIS Insurance
Diversified Global Insurer AXIS Insurance 2011 GPW by LOB = $2,122 million 52% of Consolidated GPW AXIS Insurance 2002-2011 GPW AXIS Insurance Aggregate 2002-2011 2011 GPW $18.0 Bn $2.1 Bn NPW $12.2 Bn $1.5 Bn Combined Ratio 81% 98% Underwriting Profit $2.0 Bn $35 M Property 30% Marine 11% Terrorism
Slide 5: Diversified Global Reinsurer: AXIS Reinsurance
Diversified Global Reinsurer AXIS Reinsurance 2011 GPW by LOB = $1,974 million 48% of Consolidated GPW AXIS Reinsurance 2002-2011 GPW AXIS Reinsurance Aggregate 2002-2011 2011 GPW $13.9 Bn $2.0 Bn NPW $13.7 Bn $2.0 Bn Combined Ratio 89% 119% Underwriting Profit(Loss) $1.4 Bn $(362) M $0 $500 $1,000
Slide 6: Excellent Financial Performance
Excellent Financial Performance ROACE and Diluted Book Value per Share (1) Common Dividends Per Share 2003 2004 2005 2006 2007 2008 2009 2010 2011 (1) Diluted book value per share calculated using Treasury stock method. Note 12/31/02 diluted book value per share is pro forma for AXIS Capital IPO (2)
Slide 7: AXIS Strategy In Current Market Environment
AXIS Strategy In Current Market Environment Underwriting Investments Capital Manage risk appetite Incorporate lessons from recent experience Prepare to accelerate underwriting Continue to cultivate distribution footprint and new initiatives (e.g. A&H) Maintain exposure to investment-grade spread ass
Slide 8: AXIS is Well Positioned
AXIS is Well Positioned Global insurance and reinsurance platform Diversified book of business by product and geography Excellent market reputation Deep relationships Ability to access and underwrite complex risks Strong entrepreneurial and underwriting culture Strong capital and ratings and conserv
Slide 9: Conclusion
Conclusion Capacity for greater-than-industry growth in favorable markets and less-than-industry revenue reduction in difficult markets Sufficient scale to provide larger capacity – competitive advantage Not so large as to lose agility Sufficient diversity to manage cycle and volatility successfully
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