Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 220

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 220
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2024 AND 2023  20242023(in thousands)AssetsInvestments in subsidiaries$6,209,792 $5,415,302 Cash and cash equivalents3,768 412 Other assets4,465 4,751 Total assets$6,218,025 $5,420,465 LiabilitiesIntercompany payable$70,183 $89,430 Dividends payable50,478 51,749 Other liabilities7,985 16,090 Total liabilities128,646 157,269 Shareholders’ equityPreferred shares550,000 550,000 Common shares (shares issued 2024: 176,580; 2023: 176,580     shares outstanding 2024: 82,984; 2023: 85,286)2,206 2,206 Additional paid-in capital2,394,063 2,383,030 Accumulated other comprehensive income (loss)(267,557)(365,836)Retained earnings7,341,569 6,440,528 Treasury shares, at cost (2024: 93,596; 2023: 91,294)(3,930,902)(3,746,732)Total shareholders’ equity6,089,379 5,263,196 Total liabilities and shareholders’ equity$6,218,025 $5,420,465 (1)AXIS Capital has fully and unconditionally guaranteed all obligations of AXIS Specialty Finance PLC, a 100% owned finance subsidiary, related to the issuance of $250 million aggregate principal amount of 5.15% senior unsecured notes. AXIS Capital's obligations under this guarantee are unsecured senior obligations and rank equally with all other senior obligations of AXIS Capital.(2)AXIS Capital has fully and unconditionally guaranteed all obligations of AXIS Specialty Finance PLC, a 100% owned finance subsidiary, related to the issuance of $350 million aggregate principal amount of 4.0% senior unsecured notes. AXIS Capital's obligations under this guarantee are unsecured senior obligations and rank equally with all other senior obligations of AXIS Capital.(3)AXIS Capital has fully and unconditionally guaranteed all obligations of AXIS Specialty Finance LLC, a 100% owned finance subsidiary, related to the issuance of $300 million aggregate principal amount of 3.9% senior unsecured notes. AXIS Capital's obligations under this guarantee are unsecured senior obligations and rank