Investor Presentation – Second Quarter 2022

• 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 magnitude of natural and man-made disasters;
• the impact of global climate change on our business, including the possibility that we do not adequately assess or reserve for the increased frequency and severity of natural catastrophes;
• losses from war, including losses related to the Russian invasion of Ukraine, terrorism and political unrest or other unanticipated losses;
• actual claims exceeding loss reserves;
• general economic, capital and credit market conditions, including fluctuations in interest rates, credit spreads, equity securities' prices and/or foreign currency exchange rates;
• the adverse impact of inflation;
• the failure of any of the loss limitation methods we employ;
• the effects of emerging claims, coverage and regulatory issues, including uncertainty related to coverage definitions, limits, terms and conditions;
• the inability to purchase reinsurance or collect amounts due to us from reinsurance we have purchased;
• the loss of business provided to us by major brokers;
• breaches by third parties in our program business of their obligations to us;
• difficulties with technology and/or data security;
• the failure of our policyholders or intermediaries to pay premiums;

• the failure of our cedants to adequately evaluate risks;
• the inability to obtain additional capital on favorable terms, or at all;
• the loss of one or more of our key executives;
• a decline in our ratings with rating agencies;
• changes in accounting policies or practices;
• the use of industry models and changes to these models;
• changes in governmental regulations and potential government intervention in our industry;
• inadvertent failure to comply with certain laws and regulations relating to sanctions and foreign corrupt practices;
• changes in the political environment of certain countries in which we operate or underwrite business, including the United Kingdom's withdrawal from the European Union;
• changes in tax laws; and
• other factors including but not limited to those described under Item 1A, 'Risk Factors' in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), as those factors may be updated from time to time in our periodic and other filings with the SEC, which are accessible on the SEC's website at www.sec.gov.

Readers are urged to carefully consider all such factors as the COVID-19 pandemic may have the effect of heightening many of the other risks and uncertainties described.

We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

We provide our clients and distribution partners with a broad range of risk transfer products and services, meaningful capacity and solid financial strength

Insurance 63%

Reinsurance

37%

Current Quarterly Div. /

Annual Yield1

AM Best / S&P

Financial Strength Rating2

Property

Reinsurance

The AXIS insurance portfolio is in the most attractive growth markets around the world including E&S Property, E&S Casualty, Lloyd's, Professional Lines as well as in many Reinsurance lines with further improvements expected in coming quarters; The Insurance segment grew GPW 16% in 2Q22

PRICING MOMENTUM

Insurance segment grew GPW 18% in 1H22 and 21% in 2021 supported by 11% rate increases across the portfolio.Industry and macroeconomic dynamics should drive further price improvements through 2022 and likely beyond

(1) Market data as of 8/30/22

Disciplined portfolio management has provided continued improvements in underlying results; Expectall-inGroup combined ratio to continue to improve.Net investment income expected to grow from current levels, helped by higher interest rates

ATTRACTIVE VALUATION

Proven, strong, specialty insurance business with a niche reinsurance operation iswell-positionedto deliver profitable growth across all market cycles.Reduced volatility to produce consistent, strong underwriting results supported by conservative, well-performing investment portfolio. Global platform with improving profitability trading at attractive levels with a 3.2%1 dividend yield

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