Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 34

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 34
---
 promotion in 2023.

AXIS Capital’s 2024 financial results for these performance metrics on an absolute basis are set forth below:

| Measure |     | Results |     | Change versus Fiscal Year 2023 |
| ROACE   |     |   20.5% |     | +12.6 points                   |
| OROACE  |     |   18.6% |     | +7.6 points                    |
| DBVPS   |     |  $65.27 |     | +20.7%                         |
| TSR(1)  |     |   63.9% |     | +58.4 points                   |

(1) One-year absolute Total Shareholder Return with dividends reinvested, sourced from S&P Capital IQ.

#### Strategic Highlights
In 2024, we significantly advanced the following four strategic business goals approved by the Board in December 2023:

|                                       |     | Cycle managed to achieve ahigher quality portfolio, resulting in a combined ratio of:   |     |                                                             |     | Advancedspecialtyleadership, with gross premiums written at a record:                                |
| 92.3%                                 |     |                                                                                         |     | $9 Billion                                                  |     |                                                                                                      |
| A 7.6% reduction from the prior year. |     |                                                                                         |     | An increase of 7.8% over the prior year.                    |     |                                                                                                      |
|                                       |     | Delivered on"How We Work"by executing on our expense goals. 2024 full yearG&A ratio of: |     |                                                             |     | Invested inpeople and high performance culture, driving our "Stronger Together" value by granting a: |
| 12.6%                                 |     |                                                                                         |     | One-time Equity Award                                       |     |                                                                                                      |
| Down from 13.5% in the previous year. |     |                                                                                         |     | For AXIS teammates who do not have an annual equity target. |     |                                                                                                      |

These accomplishments against goals were factored into the CEO's and other NEO's non-financial performance for 2024.

| 44 |     | AXIS 2025 Proxy Statement |

| Compensation Discussion and Analysis |

Shareholder Engagement and Responsiveness to 2024 Say on Pay Vote

During 2024, Mr. Becker and Mr. Millegan, along with members of management, continued their robust shareholder outreach program,