Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 6

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 6
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Proceeds from the repayment of mortgage loans35,579 211 Proceeds from the purchase of other asset, net(7,273)(8,208)Loan advances made(68,696)(101,229)Net cash provided by investing activities462,286 211,039 Cash flows from financing activities:Repurchase of common shares - open market(439,992)(61,607)Taxes paid on withholding shares(24,514)(14,121)Dividends paid - common shares(39,590)(40,208)Dividends paid - preferred shares(7,563)(7,563)Net cash used in financing activities(511,659)(123,499)Effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash9,440 (14,090)Increase in cash, cash equivalents and restricted cash269,146 457,589 Cash, cash equivalents and restricted cash - beginning of period3,063,621 1,383,985 Cash, cash equivalents and restricted cash - end of period$3,332,767 $1,841,574 

See accompanying notes to Consolidated Financial Statements.10

AXIS CAPITAL HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (CONTINUED)

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 

Three months ended March 31,20252024(in thousands)Supplemental disclosures of cash flow information:Income taxes paid $12,770 $6,796 Interest paid$17,099 $17,504 

Supplemental disclosures of cash flow information:

2025

In 2025, $71 million related to loan advances to Monarch Point Re (ISA 2023 and ISA 2024) Ltd. ("Monarch Point Re") was repaid and was treated as a non-cash activity in the consolidated statement of cash flows. In addition, $62 million related to reinsurance balances payables due to Monarch Point Re under retrocession agreements and $14 million related to ceded losses and loss expenses due from Monarch Point Re under retrocession agreements were settled and each amount was treated as a non-cash activity in the consolidated statement of cash flows. Further, $5 million related to interest on loans advances to Monarch Point Re was received in advance and was treated as a non-cash activity in the consolidated statement