When struck by an artillery shell or underwater torpedo, the belt armor either absorbs the impact and explosion with its sheer thickness and strength, or else uses sloping to redirect the projectile and its blast downwards.
This multilayer design is featured in the cross-sectional drawings of Tirpitz and King George V.[1] A warship can be seriously damaged underwater not only by torpedoes, but also by heavy naval artillery shells that plunge into the ocean very close to the targeted ship.
Agility gained from such processes is a great asset to offensive warships, which seek to quickly bring their heavy striking power to the enemy.
Unlike battleships and battlecruisers, aircraft carriers were not expected to face torpedoes and naval artillery from other surface ships, instead being deployed at a stand-off distance while being escorted by destroyers and cruisers.
The British designed and constructed their carriers with armored flight decks, which did reduce their aircraft complement and its associated striking and combat air patrol capabilities, but the deck armor was a successful passive defense prior to the establishment of a successful fighter defenses (which required effective radar, high-speed monoplanes, and coordination).