Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 131

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 131
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Series E Preferred SharesOn November 7, 2016, the Company issued $550 million of 5.50% Series E preferred shares, par value $0.0125 per share, with a liquidation preference of $2,500 per share. The Company could redeem the Series E preferred shares on or after November 7, 2021 at a redemption price of $2,500 per share. Dividends on the Series E preferred shares are non-cumulative. Holders of the Series E preferred shares are entitled to receive, only when, as and if declared by the Board of Directors, non-cumulative cash dividends from the original issue date, quarterly in arrears on the fifteenth day of January, April, July and October of each year, commencing on January 15, 2017. To the extent declared, dividends accumulate, with respect to each dividend period, in an amount per share equal to 5.50% of the liquidation preference per annum.

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 202215.    SHAREHOLDERS' EQUITY (CONTINUED)

DividendsThe following table presents dividends declared and paid related to the Company's common and preferred shares:Per share dataDividends declared Dividends paid in year of declarationDividends paid in year following declarationYear ended December 31, 2024Common shares$1.76 $1.32 $0.44 Series E preferred shares$137.50 $103.13 $34.38 Year ended December 31, 2023Common shares$1.76 $1.32 $0.44 Series E preferred shares$137.50 $103.13 $34.38 Year ended December 31, 2022  Common shares$1.73 $1.29 $0.44   Series E preferred shares$137.50 $103.13 $34.38 

16.    RETIREMENT PLANS

The Company maintains defined contribution plans to provide retirement benefits to eligible employees. Contributions to the plans, which are managed externally, are based on eligible compensation. For eligible U.S. employees, the Company provides a non-qualified deferred compensation plan that enables employees to make contributions to the plan that are in excess of those