Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 32

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 32
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 Initiatives

In 2024, the Committee adopted the AXIS Capital Holdings Limited Executive Severance Plan applicable to our executive committee members (including any future named executive officer) with the goal of providing consistent, market-based severance benefit protection to help attract and retain key executives, while replacing executive employment agreements over time.

In addition, at the beginning of 2025 and for the first time in the Company's history, the Committee approved a one-time equity grant to all AXIS teammates who do not have an annual equity target as part of their compensation, giving AXIS' global teammates ownership in the business.

Focus on Shareholder Engagement and Responsiveness to Feedback

The Committee was pleased to receive strong support for the 2024 Say-on-Pay proposal – 96% of the votes cast supported this proposal. We believe these results can be attributed to our strong alignment between our executives’ compensation and the Company’s performance, along with our consideration of our shareholders’ concerns when designing our compensation programs.

Ongoing engagement with the Company's shareholders and responsiveness to feedback are of the utmost importance to our Board, and we look forward to our ongoing dialogue with you.

#### Michael Millegan
Chair, Human Capital and Compensation Committee

| AXIS 2025 Proxy Statement |     | 41 |

| Compensation Discussion and Analysis |

This Compensation Discussion and Analysis is divided into the following sections:

| Named Executive Officers                                          |     | 43 |
| Executive Summary                                                 |     | 43 |
| Business Performance                                              |     | 43 |
| Financial Results                                                 |     | 44 |
| Strategic Highlights                                              |     | 44 |
| Shareholder Engagement and Responsiveness to 2024 Say on Pay Vote |     | 45 |
| Strong Link Between Pay and Performance                           |     | 46 |
| 2024Pay and Performance – CEO Compensation                        |     | 47 |
| Best Pay Practices                                                |     | 48 |
| Executive Compensation Philosophy and Key Features                |     | 48 |
| Elements of Executive Compensation                                |     | 50 |
| Human Capital and Compensation Committee Process                  |     | 57 |
| Risk Management and Compensation                                  |     | 58 |
| Human Capital and Compensation Committee Consultant               |     | 59 |
| Peer Benchmarking                                                 |     | 59 |
| Other Compensation Topics                                         |     | 61 |

| 42 |     | AXIS 2025 Proxy Statement |

| Compensation Discussion and Analysis |

#### Named Executive Officers
This Compensation Discussion and Analysis section explains the Company’s executive