Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 51

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 51
---
 LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 9.    SHAREHOLDERS' EQUITY

The following table presents changes in common shares issued and outstanding:  Three months ended June 30,Six months ended June 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(97,929)(91,893)(93,596)(91,294)Shares repurchased(510)(545)(5,557)(1,826)Shares reissued 32 37 746 719 Total treasury shares at end of period(98,407)(92,401)(98,407)(92,401)Total shares outstanding78,173 84,179 78,173 84,179 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 June 30,Six months ended June 30,  2025202420252024Publicly announced programs:(1)Total shares499 540 5,292 1,588 Total cost$49,990 $38,361 $489,982 $99,968 Average price per share(2)$100.25 $71.09 $92.59 $62.97 From employees:(3)Total shares11 5 265 238 Total cost$1,100 $435 $25,614 $14,556 Average price per share(2)$101.78 $80.57 $96.79 $61.15 Total shares repurchased:Total shares510 545 5,557