Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 130

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 130
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(3,061)(398)(897)Shares reissued 759 1,016 791 Total treasury shares at end of year(93,596)(91,294)(91,912)Total shares outstanding82,984 85,286 84,668 

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 202215.    SHAREHOLDERS' EQUITY (CONTINUED)

Treasury SharesOn December 7, 2023, the Company's Board of Directors renewed its authorization for the repurchase of up to $100 million of the Company's common shares, effective January 1, 2024, through December 31, 2024. At June 30, 2024, authorization under the Company's share repurchase program approved in December 2023 was exhausted.On May 16, 2024, the Company's Board of Directors approved a new share repurchase program for up to $300 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:Year ended December 31,202420232022In the open market: (1)Total shares2,806 — 634 Total cost$199,943 $— $34,987 Average price per share(2)$71.27 $— $55.22 From employees:(3)Total shares255 398 263 Total cost$15,925 $23,596 $13,994 Average price per share(2)$62.45 $59.15 $53.13 Total shares repurchased:Total shares3,061 398 897 Total cost$215,868 $23,596 $48,981 Average price per share(2)$70.53 $59.15 $54.61 (1)    Shares were repurchased pursuant to the Company's Board-authorized share repurchase programs.(2)    Calculated using whole numbers.(3)    Shares are repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units. b)    Preferred Shares