Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 51

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 51
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.5 years(1) Fair value is based on the closing price of the Company's common shares on the vest date.

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Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 9.    SHAREHOLDERS' EQUITY

The following table presents changes in common shares issued and outstanding:  Three months ended September 30,Nine months ended September 30,  2025202420252024Shares issued, balance at beginning of period176,580 176,580 176,580 176,580 Shares issued— — — — Total shares issued at end of period176,580 176,580 176,580 176,580 Treasury shares, balance at beginning of period(98,407)(92,401)(93,596)(91,294)Shares repurchased(1,140)(542)(6,696)(2,368)Shares reissued 2 12 747 731 Total treasury shares at end of period(99,545)(92,931)(99,545)(92,931)Total shares outstanding77,035 83,649 77,035 83,649 Treasury SharesOn February 6, 2025, authorization under the Company's Board-authorized share repurchase program for common share repurchases approved in May 2024 was exhausted.On February 19, 2025, the Company's Board of Directors approved a new share repurchase program for up to $400 million of the Company's common shares. The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions. On September 3, 2025, authorization under this plan was exhausted.On September 17, 2025, the Company's Board of Directors approved a new share repurchase program for up to $400 million of the Company's common shares. The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions.The following table presents common shares repurchased from shares held in Treasury:  Three months ended September 30,Nine months ended September 30,  2025202420252024Publicly announced programs:(1)Total shares1,139 537 6,431 2