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AXIS Capital Holdings Limited: AXIS Capital Reports Fourth Quarter 2020 Results For the fourth quarter of 2020, the Company reports: Improvement of 4.5 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the prior year Pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $198 million, or 18.4 points, including the previously disclosed amount of $125 million, or 11.6 points, attributable to the COVID-19 pandemic Net loss attributable to common shareholders of $5 million, or $(0.06) per diluted common share, and operating loss 1 of $16 million, or $(0.20) per diluted common share 1 Book value per diluted common share of $55.09, an increase of $0.34, or 1%, compared to September 30, 2020

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