Investor Presentation – Third Quarter 2022

Safe Harbor Statement

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts included in this presentation, including statements regarding our estimates, beliefs, expectations, intentions, strategies or projections are forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the United States federal securities laws. In some cases, these statements can be identified by the use of forward-looking words such as "may", "should", "could", "anticipate", "estimate", "expect", "plan", "believe", "predict", "potential", "intend" or similar expressions. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond management's control.

Forward-looking statements contained in this presentation may include, but are not limited to, information regarding our estimates for catastrophes and other weather-related losses including losses related to the COVID-19 pandemic, measurements of potential losses in the fair market value of our investment portfolio and derivative contracts, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding pricing, other market conditions and economic conditions (including inflation), our growth prospects, our expectations relating to the Company's transformation program, and valuations of the potential impact of movements in interest rates, credit spreads, equity securities' prices and foreign currency exchange rates.

Forward-looking statements only reflect our expectations and are not guarantees of performance. These statements involve risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual events or results to differ materially from those indicated in such statements. We believe that these factors include, but are not limited to, the following:

Readers should carefully consider the risks noted above together with 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.

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INTRODUCTION & STRATEGY INSURANCE REINSURANCE GROUP ESG & CITIZENSHIP CONCLUSION

Consistent Advancement of Strategy

VISION: Global Leadership in Specialty Risks

Targeting top-quintile profitability

Commitment to underwriting excellence, being a destination for top caliber talent

Franchise anchored in leadership positions in attractive specialty markets

Strong and lasting relationships with key distribution partners and clients

Focus on markets where we have demonstrable relevance, scale and path for profitable growth

Strategic risk financing capabilities to match the right risk with the right capital

Strong employee engagement and workplace culture - translating to retention of top talent and consistency of service to our customers

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INTRODUCTION & STRATEGY INSURANCE REINSURANCE GROUP ESG & CITIZENSHIP CONCLUSION

Advanced leadership position as a specialty underwriter

Building on the progress of prior years, 2022 was a key milestone year for AXIS in furthering its transformation into a leading specialty underwriter through these key actions:

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INTRODUCTION & STRATEGY INSURANCE REINSURANCE GROUP ESG & CITIZENSHIP CONCLUSION

A leading specialty insurer with a niche specialist reinsurance

substantially existed out of Property & Property Catastrophe Reinsurance in 2023