AXIS’ rating of A+ from both Standard & Poor’s and A.M. Best reflects our financial strength and our excellent long-term track record of outstanding operating performance, placing AXIS among a select group of companies in our industry.
Total value creation is defined as growth in book value per diluted common share (“diluted BVPS”)* adjusted for dividends.
*Book value per diluted common share is calculated using treasury stock method. Diluted BVPS at 12/31/02 is pro forma for AXIS Capital IPO.