Strengthening Our Foundation

2020 was a year where AXIS delivered better core underwriting results across nearly all of our lines of business. Though we have more work to do, we enter 2021 well-positioned to take advantage of market conditions.

What has been particularly gratifying is the performance of the Company in extremely fraught circumstances. I speak for the entire Board when I applaud the way our team coalesced in 2020 — not only to respond to COVID-19, but also to continue building a solid platform for the future.

Despite the challenges brought by COVID-19 and an active cat season, AXIS Insurance showed progress in 2020, demonstrated by the improvement in our underlying performance.

In 2020, AXIS continued to grow its Corporate Citizenship program which we formalized in 2018 to address environmental, social and governance (ESG) matters.

AXIS Re saw significant underlying improvement in non-catastrophe lines driven by our emphasis on high quality underwriting and disciplined portfolio management.