Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 272

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 5
Chunk 272
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ITEM 5.    MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES                                

Our common shares are listed on the New York Stock Exchange under the symbol "AXS". 

On February 21, 2025, the number of holders of record of our common shares was 17. This figure does not represent the actual number of beneficial owners of our common shares because shares are frequently held in "street name" by securities dealers and others for the benefit of beneficial owners who may vote the shares.

We have a history of paying quarterly cash dividends. While we expect to continue paying comparable cash dividends in the foreseeable future, the declaration and payment of future dividends is at the discretion of our Board of Directors and will depend on many factors including, but not limited to, our net income, financial condition, business needs, capital and surplus requirements of our operating subsidiaries and regulatory and contractual restrictions, including those detailed in our credit facilities. Refer to Item 7 'Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources' for further details.

Issuer Purchases of Equity Securities

Common Shares

The following table shows information regarding the number of common shares repurchased in the quarter ended December 31, 2024:

PeriodTotal numberof sharespurchased(a) (b)Averageprice paidper shareTotal number of sharespurchased as part ofpublicly announcedprograms(a) Maximum number (or approximatedollar value) of shares thatmay yet be purchased under the programs(c) (d)October 1-31, 20244 $79.72 — $260 millionNovember 1-30, 2024418 $85.45 413 $225 millionDecember 1-31, 2024271 $92.45 268 $200 millionTotal693 681 $200 million

(a)In thousands.

(b)Includes shares repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units under our 2017 Long-Term Equity Compensation Plans.

(c)At June 30, 2024, authorization under the Company's share repurchase program approved in December 2023 was exhausted. 

(d)On May 16, 2024, the Company's Board of Directors approved a new share rep