Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 48

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 48
---
OLIDATED FINANCIAL STATEMENTS (UNAUDITED)7.    EARNINGS PER COMMON SHARE

The following table presents a comparison of earnings per common share and earnings per diluted common share:Three months ended June 30,Six months ended June 30,  2025202420252024Earnings per common shareNet income$223,358 $211,964 $417,427 $607,425 Less: Preferred share dividends7,563 7,563 15,125 15,125 Net income available to common shareholders$215,795 $204,401 402,302 592,300 Weighted average common shares outstanding78,378 84,475 79,757 84,677 Earnings per common share$2.75 $2.42 $5.04 $6.99 Earnings per diluted common shareNet income available to common shareholders$215,795 $204,401 $402,302 $592,300 Weighted average common shares outstanding 78,378 84,475 79,757 84,677     Share-based compensation plans951 851 1,088 832 Weighted average diluted common shares outstanding79,329 85,326 80,845 85,509 Earnings per diluted common share$2.72 $2.40 $4.98 $6.93 Weighted average anti-dilutive shares excluded from the dilutive computation7 6 3 377 

8.    SHARE-BASED COMPENSATION

Performance Restricted Stock UnitsPerformance Restricted Stock Units granted in 2025 with a market conditionCertain share-settled performance restricted stock units granted in 2025 include a market condition which is the Company’s total shareholder return relative to its peer group ("Relative TSR") over the performance period. Relative TSR is calculated in accordance with the terms of the applicable award agreement. If performance goals are achieved, these awards will cliff vest at the end of a three-year performance period within a range of 0% to 200% of target. Performance Restricted Stock Units granted in 2025 with a performance conditionCertain share-settled performance restricted stock units granted in 2025 include a performance condition which is the Company’s average annual growth in book value per diluted common share, plus accumulated dividends over the performance period, adjusted to exclude unrealized investment gains (losses) recognized in accumulated other