Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-03

Axis Capital Holdings Ltd (AXS)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$9,642,025
Vincent Tizzio total, FY2025
39th
CEO pay percentile vs peers
55:1
CEO-to-median pay ratio
96.58%
Say-on-pay support, latest vote
Companies that benchmark against AXS
17 companies name AXS as a compensation peer

Each company listed discloses AXS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AXS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Vincent Tizzio$1,100,000$0$5,299,641$0$3,070,375$0$172,009$9,642,025
President and Chief Executive Officer
Peter Vogt700,00001,605,95901,288,000070,9603,664,919
Chief Financial Officer
Daniel Draper662,31001,034,28401,268,324073,8953,038,813
Group Chief Underwriting Officer and Head of AXIS Re
David Phillips625,00001,137,66501,009,609048,5002,820,774
Chief Investment Officer
Conrad Brooks625,0000930,90201,150,000058,8912,764,793
Chief Administrative and Legal Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Vincent Tizzio$9,642,025$7,921,826$6,796,633+1,720,199
Peter Vogt3,664,9193,480,6732,892,279+184,246
Daniel Draper3,038,8132,557,9811,643,539+480,832
David Phillips2,820,7742,707,2072,737,151+113,567
Conrad Brooks2,764,7932,831,6361,951,669−66,843

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Henry SmithDirector2026-05-07D2,542$99$250,870CommonForm 4 ↗
Vincent TizzioDirector2026-05-13D2,58696247,997CommonForm 4 ↗
Vincent TizzioDirector2026-05-13A60,66200CommonForm 4 ↗
Vincent TizzioDirector2026-05-13D31,029962,975,681CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David PhillipsRSU2025-01-287,296$659,923
Conrad BrooksRSU2025-01-285,970539,987
Daniel DraperRSU2025-01-286,633599,955
Peter VogtPSU2025-01-283,1928,51217,024836,049
Vincent TizzioPSU2025-01-2812,53733,43266,8643,283,691
David PhillipsPSU2025-01-281,8244,8649,728477,742
Vincent TizzioRSU2025-01-2822,2882,015,950
Conrad BrooksPSU2025-01-281,4933,9807,960390,916
Daniel DraperPSU2025-01-281,6584,4228,844434,329
Peter VogtRSU2025-01-288,512769,910
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Phillips$659,923$477,742$042.0%
Conrad Brooks539,987390,916042.0%
Daniel Draper599,955434,329042.0%
Peter Vogt769,910836,049052.1%
Vincent Tizzio2,015,9503,283,691062.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter VogtRSU5,161$552,691
Daniel DraperRSU1,560167,060
Peter VogtRSU8,512911,550
David PhillipsRSU4,301460,594
David PhillipsRSU2,229238,704
Daniel DraperRSU2,065221,141
Vincent TizzioPSU30,3313,248,147
Vincent TizzioPSU33,4323,580,233
Vincent TizzioRSU22,2882,386,822
Peter VogtPSU8,512911,550
Daniel DraperRSU6,010643,611
Vincent TizzioPSU38,5654,129,926
David PhillipsPSU17,1981,841,734
Peter VogtPSU11,6861,251,454
Vincent TizzioRSU10,1101,082,680
Daniel DraperRSU6,633710,328
Daniel DraperPSU5,502589,209
Daniel DraperPSU5,342572,075
David PhillipsPSU4,864520,886
Vincent TizzioRSU2,675286,466
Vincent TizzioPSU20,6382,210,123
Peter VogtPSU20,6382,210,123
Conrad BrooksPSU6,677715,040
Vincent TizzioRSU5,161552,691
Conrad BrooksRSU3,355359,287
David PhillipsPSU6,677715,040
Vincent TizzioRSU19,2822,064,909
Conrad BrooksPSU8,942957,599
David PhillipsRSU7,512804,460
Conrad BrooksRSU7,512804,460
Peter VogtRSU8,765938,644
David PhillipsRSU7,296781,329
Conrad BrooksRSU5,970639,327
Daniel DraperPSU4,422473,552
Conrad BrooksPSU3,980426,218
Peter VogtRSU2,675286,466
Conrad BrooksRSU1,738186,122
05

Incentive-plan design — the Compensation Discussion & Analysis

We have designed our executive compensation programs to retain and reward leaders who create long-term value for our shareholders. The combination of fixed and variable compensation that we pay to our NEOs is structured to reward above-median performance with above-median compensation and conversely, to provide below-median compensation for below-median performance.

CEO STI target (% of salary)175%
CEO LTI target (% of salary)
Independent consultantFrederick W. Cook & Co.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1460,651,4332,147,42254,48796.58%Passed
20252025-05-1664,544,8084,555,39463,87193.41%Passed
20242024-05-1673,066,4642,027,118415,85597.3%Passed
20232023-05-0460,379,55216,301,07058,25178.74%Passed
20222022-05-0570,356,3655,307,68646,25392.99%Passed
20212021-05-0768,638,7327,472,25240,93790.18%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1496.58%a
20252025-05-1693.41%b
20242024-05-1697.3%c

a. Approved under the standard stated in the filing — “Therefore, there will be no "broker non-votes" on the appointment of Deloitte and in determining whether the proposal has received the requisite number of affirmative votes to be approved, abstentions will have no effect on this proposal because such shares are not considered votes cast.”.

b. Approved under the standard stated in the filing — “and (ii) the compensation paid to our NEOs has been approved, abstentions and "broker non-votes" will have no effect on the outcome of any of these proposals because such shares are not considered votes cast.”.

c. Approved under the standard stated in the filing — “and (ii) the compensation paid to our NEOs has been approved, abstentions and "broker non-votes" will have no effect on the outcome of any of these proposals because such shares are not considered votes cast.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)55 : 1
CEO total compensation$9,642,025
Median employee compensation$176,886
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Axel TheisIndependent · Audit · Risk (Chair)$418,738$149,917$0$0$0$568,655
Elanor HardwickIndependent · Audit · Human Capital and Compensation · Corporate Governance, Nominating, and Sustainability (Chair)408,738149,917000558,655
W. Marston BeckerIndependent · Board Chair · Executive (Chair) · Corporate Governance, Nominating, and Sustainability · Human Capital and Compensation170,000249,951000419,951
Henry SmithIndependent · Audit · Human Capital and Compensation · Corporate Governance, Nominating, and Sustainability · Executive · Finance75,000249,951000324,951
Lizabeth ZlatkusIndependent · Audit · Finance · Executive100,000209,883000309,883
Anne Melissa DowlingIndependent · Finance (Chair) · Risk135,000149,917000284,917
Michael MilleganIndependent · Audit (Chair) · Finance135,000149,917000284,917
Barbara YastineIndependent · Audit (Chair) · Finance125,000149,917000274,917
Charles DavisIndependent · Finance · Risk · Executive269,940000269,940
Stanley GalanskiIndependent · Human Capital and Compensation · Corporate Governance, Nominating, and Sustainability · Finance · Risk120,000149,917000269,917
Thomas RameyIndependent · Corporate Governance, Nominating, and Sustainability · Risk · Departed during FY120,000149,917000269,917
Vincent TizzioEmployee director · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$250,000
Annual equity retainer$149,917
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 150,000 / 35,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,807,476
Equity awards (grant-date value)$2,029,144
All other compensation$0
Total cost of the board$3,836,620

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Axis Capital Holdings Ltd names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Axis Capital Holdings Ltd.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1American International Group Inc.2025Peter Zaffino$1,500,000$14,084,855$4,374,994$12,000,000$32,460,049
2The Travelers Companies, Inc.2025Alan Schnitzer1,450,0009,417,3646,100,0569,000,00026,968,756
3The Hartford Financial Services Group, Inc.2025Christopher Swift1,200,00010,982,7903,412,5005,808,00022,114,212
4W.R. Berkley Corporation2025W. Robert Berkley, Jr.1,097,8003,850,038011,176,03016,823,866
5Arch Capital Group Ltd.2025Nicolas Papadopoulo1,300,0005,520,5061,820,1865,200,00014,626,320
6Markel Group Inc.2025Thomas Gayner1,100,0009,226,08103,740,00014,124,065
7RenaissanceRe Holdings Ltd.2025Kevin O'Donnell1,270,0005,014,73205,118,75012,951,841
8CNA Financial Corporation2025Douglas Worman1,100,0004,999,97005,500,00012,619,149
9American Financial Group, Inc.2025Carl Lindner III1,250,0001,500,00906,454,77011,042,543
10The Hanover Insurance Group, Inc.2025John Roche1,138,4624,603,5571,400,0233,220,00010,486,571
11SiriusPoint Ltd.2025Scott Egan1,169,7404,134,12301,600,1599,824,137
12Axis Capital Holdings Ltd2025Vincent Tizzio1,100,0005,299,64103,070,3759,642,025
13Everest Group, Ltd.2025Jim Williamson1,227,1165,150,59002,200,0008,952,500
14RLI Corp.2025Craig Kliethermes677,5960831,8056,075,3197,691,732
15Kinsale Capital Group, Inc.2025Michael Kehoe1,250,0002,749,589007,423,891
16Selective Insurance Group, Inc.2025John Marchioni1,050,0004,000,07601,575,0006,858,564
17Cincinnati Financial Corporation2025Stephen Spray1,130,2501,768,2741,703,668681,4505,943,492
18Bowhead Specialty Underwriters, Inc.2025Stephen Sills675,0003,120,966004,309,280
19Kemper Corporation2025C. Thomas Evans, Jr.561,1541,733,978248,626395,0003,090,806
Hiscox Ltd.not in coverage universe
QBE Insurance Group Limitednot in coverage universe
Fairfax Financial Holdings Limitednot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Axis Capital Holdings Ltd159.5%PSU 60 · RSU 40NoFrederick W. Cook & Co.
American Financial Group, Inc.101.1%RSU 100NoPay Governance LLC
American International Group Inc.186%PSU 75 · Options 25NoPay Governance
Arch Capital Group Ltd.200%PSU 55 · Options 25 · RSU 20NoPay Governance LLC
Bowhead Specialty Underwriters, Inc.not disclosednot disclosedNonot disclosed
Cincinnati Financial Corporation30%Options 50 · PSU 50Nonot disclosed
CNA Financial Corporation103%PSU 100NoWillis Towers Watson
Everest Group, Ltd.88%PSU 50 · RSU 50Yes — 3Yr Relative Change in TSR Compared to Peersnot disclosed
Fairfax Financial Holdings Limitednot disclosednot disclosednot disclosednot disclosed
Hiscox Ltd.not disclosednot disclosednot disclosednot disclosed
Kemper Corporation78%PSU 60 · Options 20 · RSU 20NoFrederic W. Cook & Co., Inc.
Kinsale Capital Group, Inc.272%RSU 100not disclosedSemler Brossy
Markel Group Inc.not disclosedPSU 75 · RSU 25NoCompensation Advisory Partners LLC (CAP)
QBE Insurance Group Limitednot disclosednot disclosednot disclosednot disclosed
RenaissanceRe Holdings Ltd.175%PSU 50 · RSU 50NoMercer
RLI Corp.not disclosedOptions 100not disclosedLockton Financial Advisors, LLC
Selective Insurance Group, Inc.150.0%RSU 75 · Cash LTI 25Yes — Cumulative TSR over the three-year performance periodExequity LLP
SiriusPoint Ltd.151.3%PSU 75 · RSU 25NoMercer
The Hanover Insurance Group, Inc.140%PSU 50 · RSU 25 · Options 25NoCompensation Advisory Partners LLC
The Hartford Financial Services Group, Inc.176%PSU 75 · Options 25Yes — Peer-relative TSRCompensation Advisory Partners, LLP (CAP)
The Travelers Companies, Inc.not disclosedPSU 60 · Options 40NoFW Cook
W.R. Berkley Corporationnot disclosednot disclosedNoMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Axis Capital Holdings Ltd in fiscal 2025?
Vincent Tizzio, President and Chief Executive Officer, was the highest-paid executive at Axis Capital Holdings Ltd in fiscal 2025 with total compensation of $9,642,025.
How does Axis Capital Holdings Ltd's chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay fell in the 39th percentile of the disclosed peer group.
What is Axis Capital Holdings Ltd's CEO-to-median employee pay ratio?
The filing shows the CEO-to-median employee pay ratio was 55:1.
How did shareholders vote on Axis Capital Holdings Ltd's executive compensation?
Shareholders voted 96.58% in support of the executive compensation plan in the latest vote.
How much does Axis Capital Holdings Ltd spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $3,836,620.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Vincent TizzioDEF 14A2026-04-020001214816-26-000149Section “Summary Compensation Table” · page 58. As printed: 9,642,025. Filing ↗machine: t201 · r4 · c7 · span 1076146–1076155
2Section 01, Peter VogtDEF 14A2026-04-020001214816-26-000149Section “Summary Compensation Table” · page 58. As printed: 3,664,919. Filing ↗machine: r7 · c21 · span 1081789–1081799
3Section 01, Daniel DraperDEF 14A2026-04-020001214816-26-000149Section “Summary Compensation Table” · page 58. As printed: 3,038,813. Filing ↗machine: r18 · c21 · span 1099669–1099679
4Section 01, David PhillipsDEF 14A2026-04-020001214816-26-000149Section “Summary Compensation Table” · page 58. As printed: 2,820,774. Filing ↗machine: r11 · c21 · span 1087773–1087783
5Section 01, Conrad BrooksDEF 14A2026-04-020001214816-26-000149Section “Summary Compensation Table” · page 58. As printed: 2,764,793. Filing ↗machine: r15 · c21 · span 1093766–1093775
6Section 03, David Phillips RSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 202” · grants of plan-based awards table. Filing ↗machine: t207 · r12 · c16 · span 1166119–1166124
7Section 03, Conrad Brooks RSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 202” · grants of plan-based awards table. Filing ↗machine: t207 · r15 · c16 · span 1177911–1177916
8Section 03, Daniel Draper RSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 202” · grants of plan-based awards table. Filing ↗machine: t207 · r18 · c16 · span 1189735–1189740
9Section 03, Peter Vogt PSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t207 · r8 · c19 · span 1150832–1150839
10Section 03, Vincent Tizzio PSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t207 · r5 · c19 · span 1139068–1139077
11Section 03, David Phillips PSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t207 · r11 · c19 · span 1162625–1162632
12Section 03, Vincent Tizzio RSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 202” · grants of plan-based awards table. Filing ↗machine: t207 · r6 · c16 · span 1142535–1142541
13Section 03, Conrad Brooks PSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t207 · r14 · c19 · span 1174417–1174424
14Section 03, Daniel Draper PSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t207 · r17 · c19 · span 1186241–1186248
15Section 03, Peter Vogt RSUDEF 14A2026-04-020001214816-26-000149Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t207 · r9 · c18 · span 1154725–1154732
16Section 07, pay ratioDEF 14A2026-04-020001214816-26-000149Section “CEO Pay Ratio”. As printed: 55 : 1. Filing ↗machine: span 1487571–1487575
17Section 08, Axel TheisDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 568,655. Filing ↗machine: t264 · r12 · c5 · span 1609128–1609136
18Section 08, Elanor HardwickDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 558,655. Filing ↗machine: t264 · r8 · c5 · span 1602187–1602195
19Section 08, W. Marston BeckerDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 419,951. Filing ↗machine: t264 · r4 · c5 · span 1595526–1595534
20Section 08, Henry SmithDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 324,951. Filing ↗machine: t264 · r11 · c5 · span 1607344–1607352
21Section 08, Lizabeth ZlatkusDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 309,883. Filing ↗machine: t264 · r14 · c5 · span 1612465–1612473
22Section 08, Anne Melissa DowlingDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 284,917. Filing ↗machine: t264 · r6 · c5 · span 1598811–1598819
23Section 08, Michael MilleganDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 284,917. Filing ↗machine: t264 · r9 · c5 · span 1603774–1603782
24Section 08, Barbara YastineDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 274,917. Filing ↗machine: t264 · r13 · c5 · span 1610714–1610722
25Section 08, Charles DavisDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 269,940. Filing ↗machine: t264 · r5 · c3 · span 1596549–1596556
26Section 08, Stanley GalanskiDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 269,917. Filing ↗machine: t264 · r7 · c5 · span 1600398–1600406
27Section 08, Thomas RameyDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 269,917. Filing ↗machine: t264 · r10 · c5 · span 1605560–1605568
28Section 08, Vincent TizzioDEF 14A2026-04-020001214816-26-000149Section “Director Compensation”. As printed: 0. Filing ↗
29Section 02, Henry Smith 2026-05-07Form 42026-05-080001214816-26-000171Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Vincent Tizzio 2026-05-13Form 42026-06-030001214816-26-000177Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Vincent Tizzio 2026-05-13Form 42026-06-030001214816-26-000177Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Vincent Tizzio 2026-05-13Form 42026-06-030001214816-26-000177Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-05-180001214816-26-000174Item 5.07 · say-on-pay result. As reported: 96.58% (votes for as printed: 60,651,433). Filing ↗
34Section 06, 2025 voteForm 8-K2025-05-210001214816-25-000128Item 5.07 · say-on-pay result. As reported: 93.41% (votes for as printed: 64,544,808). Filing ↗
35Section 06, 2024 voteForm 8-K2024-05-210001214816-24-000067Item 5.07 · say-on-pay result. As reported: 97.3% (votes for as printed: 73,066,464). Filing ↗
36Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
37Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)ComputedcomputedCash 1,807,476 + equity 2,029,144 + all other 0 = 3,836,620, summed across the director compensation table rows.machine: formula: Σ = 3,836,620
39American International Group Inc., Section 10b CEO totalDEF 14A2026-03-310000005272-26-000039CEO total compensation as printed in American International Group Inc.'s own proxy. As printed: 32,460,049. Filing ↗machine: r4 · c27 · span 1530030–1530040
40The Travelers Companies, Inc., Section 10b CEO totalDEF 14A2026-04-070000086312-26-000103CEO total compensation as printed in The Travelers Companies, Inc.'s own proxy. As printed: 26,968,756. Filing ↗machine: r2 · c9 · span 2959229–2959239
41The Hartford Financial Services Group, Inc., Section 10b CEO totalDEF 14A2026-04-090000874766-26-000025CEO total compensation as printed in The Hartford Financial Services Group, Inc.'s own proxy. As printed: 22,114,212. Filing ↗machine: r2 · c51 · span 1020351–1020361
42W.R. Berkley Corporation, Section 10b CEO totalDEF 14A2026-04-220001193125-26-170583CEO total compensation as printed in W.R. Berkley Corporation's own proxy. As printed: 16,823,866. Filing ↗machine: t411 · r4 · c21 · span 915307–915317
43Arch Capital Group Ltd., Section 10b CEO totalDEF 14A2026-03-240000947484-26-000038CEO total compensation as printed in Arch Capital Group Ltd.'s own proxy. As printed: 14,626,320. Filing ↗machine: t151 · r2 · c13 · span 2735621–2735631
44Markel Group Inc., Section 10b CEO totalDEF 14A2026-04-020001096343-26-000033CEO total compensation as printed in Markel Group Inc.'s own proxy. As printed: 14,124,065. Filing ↗machine: r2 · c45 · span 566440–566451
45RenaissanceRe Holdings Ltd., Section 10b CEO totalDEF 14A2026-03-180000913144-26-000060CEO total compensation as printed in RenaissanceRe Holdings Ltd.'s own proxy. As printed: 12,951,841. Filing ↗machine: t172 · r3 · c7 · span 1829363–1829373
46CNA Financial Corporation, Section 10b CEO totalDEF 14A2026-03-200001104659-26-032500CEO total compensation as printed in CNA Financial Corporation's own proxy. As printed: 12,619,149. Filing ↗machine: r1 · c44 · span 576701–576711
47American Financial Group, Inc., Section 10b CEO totalDEF 14A2026-04-030001140361-26-013118CEO total compensation as printed in American Financial Group, Inc.'s own proxy. As printed: 11,042,543. Filing ↗machine: t205 · r2 · c19 · span 956069–956079
48The Hanover Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-125009CEO total compensation as printed in The Hanover Insurance Group, Inc.'s own proxy. As printed: 10,486,571. Filing ↗machine: t68 · r4 · c7 · span 1352246–1352256
49SiriusPoint Ltd., Section 10b CEO totalDEF 14A2026-04-100001174947-26-000480CEO total compensation as printed in SiriusPoint Ltd.'s own proxy. As printed: 9,824,137. Filing ↗machine: t194 · r1 · c8 · span 1029632–1029641
50Axis Capital Holdings Ltd (subject), Section 10b CEO totalDEF 14A2026-04-020001214816-26-000149CEO total compensation as printed in Axis Capital Holdings Ltd's own proxy. As printed: 9,642,025. Filing ↗machine: t201 · r4 · c7 · span 1076146–1076155
51Everest Group, Ltd., Section 10b CEO totalDEF 14A2026-04-100001628280-26-024596CEO total compensation as printed in Everest Group, Ltd.'s own proxy. As printed: 8,952,500. Filing ↗machine: t42 · r4 · c17 · span 2079880–2079889
52RLI Corp., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035213CEO total compensation as printed in RLI Corp.'s own proxy. As printed: 7,691,732. Filing ↗machine: t146 · r9 · c18 · span 1221310–1221319
53Kinsale Capital Group, Inc., Section 10b CEO totalDEF 14A2026-04-090001669162-26-000020CEO total compensation as printed in Kinsale Capital Group, Inc.'s own proxy. As printed: 7,423,891. Filing ↗machine: r3 · c42 · span 299293–299302
54Selective Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001104659-26-034953CEO total compensation as printed in Selective Insurance Group, Inc.'s own proxy. As printed: 6,858,564. Filing ↗machine: span 752843–752852
55Cincinnati Financial Corporation, Section 10b CEO totalDEF 14A2026-03-180000020286-26-000015CEO total compensation as printed in Cincinnati Financial Corporation's own proxy. As printed: 5,943,492. Filing ↗machine: t3 · r2 · c13 · span 164603–164612
56Bowhead Specialty Underwriters, Inc., Section 10b CEO totalDEF 14A2026-03-160002002473-26-000006CEO total compensation as printed in Bowhead Specialty Underwriters, Inc.'s own proxy. As printed: 4,309,280. Filing ↗
57Kemper Corporation, Section 10b CEO totalDEF 14A2026-03-250000860748-26-000030CEO total compensation as printed in Kemper Corporation's own proxy. As printed: 3,090,806. Filing ↗machine: t120 · r4 · c16 · span 924415–924424
58Section 10a, American International Group Inc. reciprocityDEF 14A0000005272-26-000039American International Group Inc.'s most recent proxy was read; its disclosed peer group does not include Axis Capital Holdings Ltd. Filing ↗
59Section 10a, RenaissanceRe Holdings Ltd. reciprocityDEF 14A0000913144-26-000060RenaissanceRe Holdings Ltd. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, SiriusPoint Ltd. reciprocityDEF 14A0001174947-26-000480SiriusPoint Ltd. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, The Travelers Companies, Inc. reciprocityDEF 14A0000086312-26-000103The Travelers Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Axis Capital Holdings Ltd. Filing ↗
62Section 10a, Kemper Corporation reciprocityDEF 14A0000860748-26-000030Kemper Corporation's most recent proxy was read; its disclosed peer group does not include Axis Capital Holdings Ltd. Filing ↗
63Section 10a, The Hanover Insurance Group, Inc. reciprocityDEF 14A0001193125-26-125009The Hanover Insurance Group, Inc. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Everest Group, Ltd. reciprocityDEF 14A0001628280-26-024596Everest Group, Ltd. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Arch Capital Group Ltd. reciprocityDEF 14A0000947484-26-000038Arch Capital Group Ltd. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, American Financial Group, Inc. reciprocityDEF 14A0001140361-26-013118American Financial Group, Inc. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Cincinnati Financial Corporation reciprocityDEF 14A0000020286-26-000015Cincinnati Financial Corporation's most recent proxy was read; its disclosed peer group does not include Axis Capital Holdings Ltd. Filing ↗
68Section 10a, RLI Corp. reciprocityDEF 14A0001104659-26-035213RLI Corp. names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, CNA Financial Corporation reciprocityDEF 14A0001104659-26-032500CNA Financial Corporation's most recent proxy was read; its disclosed peer group does not include Axis Capital Holdings Ltd. Filing ↗
70Section 10a, W.R. Berkley Corporation reciprocityDEF 14A0001193125-26-170583W.R. Berkley Corporation names Axis Capital Holdings Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗