Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 42

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 42
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:  Three months ended March 31,  20252024Shares issued, balance at beginning of period176,580 176,580 Shares issued— — Total shares issued at end of period176,580 176,580 Treasury shares, balance at beginning of period(93,596)(91,294)Shares repurchased(5,047)(1,281)Shares reissued 714 682 Total treasury shares at end of period(97,929)(91,893)Total shares outstanding78,651 84,687 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.The following table presents common shares repurchased from shares held in Treasury:  Three months ended March 31,  20252024In the open market:(1)Total shares4,793 1,048 Total cost$439,992 $61,607 Average price per share(2)$91.79 $58.79 From employees:(3)Total shares254 233 Total cost$24,514 $14,121 Average price per share(2)$96.58 $60.70 Total shares repurchased:Total shares5,047 1,281 Total cost$464,506 $75,728 Average price per share(2)$92.03 $59.13 (1)  Shares are repurchased pursuant to the Company's Board-authorized share repurchase programs.(2)  Calculated using whole numbers.(3)  Shares are repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units.

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

Dividends 

The following table presents dividends declared and paid related to the Company's common and preferred shares: Per share dataDiv