Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 5

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 5
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 for additional information.                                                                                                                                                                                                                                                                                                                                                                                                                               |     |                                                                                                                                                                                                                                                                                            |     |                               |     |                     |     |                                                            |     |                      |     |                   |

| 2 |     | AXIS 2025 Proxy Statement |

| Proxy Statement Summary |

### 2024 Company Financial Performance
In 2024, Mr. Tizzio and his leadership team continued to execute on their strategy to make AXIS a leading specialty underwriter resulting in strong financial results. Book value per diluted common share grew 20.7% to finish the year at $65.27. Full year gross premiums written were a record $9 billion, 7.8% growth over the prior year. Despite another tough weather year for the industry, we made strong underwriting income, (1) which together with record levels of investment income, delivered record operating earnings per share.

OROACE is the financial metric under our Annual Incentive Plan. Relative total shareholder return as compared to our performance peers (“rTSR”) was the Company’s sole financial metric for its performance-vesting restricted stock unit awards (“PSUs”) issued in 2022 - 2023. Commencing in 2024, the PSU awards included an additional metric of the Company’s average annual growth in book value per diluted common share, generally adjusted for dividends, unrealized investment gains (losses) recognized in accumulated other comprehensive income (loss) and share repurchase ("Adjusted DBVPS"). Absolute TSR Compound Annual Growth Rate ("TSR CAGR") is the performance metric under the PSUs granted to our Chief Executive Officer in connection with his promotion in 2023.

AXIS' 2024 financial results for these key metrics on an absolute basis are set forth below:

| ROACE               |     | OROACE(2)           |     | Book Value Per Diluted Common Share(3) |     | Total Shareholder Return(4) |
| 20.5%               |     | 18.6%               |     |                                 $65.27 |     | 63.9%                       |
| +12.6 pts from 2023 |     | +7.6% pts from 2023 |     |                       +20.7% from 2023 |     | +58.4% from 2023            |

(1) Consolidated underwriting income (loss) is a non-GAAP financial measure as defined in Item 10(e) of SEC Regulation S-K. The reconciliation to the