Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 4

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 4
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,20252024 (in thousands)Preferred shares Balance at beginning and end of period$550,000 $550,000 Common shares (par value)Balance at beginning and end of period2,206 2,206 Additional paid-in capitalBalance at beginning of period2,394,063 2,383,030 Treasury shares reissued(29,059)(26,312)Share-based compensation expense9,800 11,426 Balance at end of period2,374,804 2,368,144 Accumulated other comprehensive income (loss)Balance at beginning of period(267,557)(365,836)Unrealized gains (losses) on available for sale investments, net of tax:Balance at beginning of period(225,617)(347,659)Unrealized gains (losses) arising during the period, net of reclassification adjustment115,337 (37,062)Balance at end of period(110,280)(384,721)Cumulative foreign currency translation adjustments, net of tax:Balance at beginning of period(41,940)(18,177)Foreign currency translation adjustment(156)(8,951)Balance at end of period(42,096)(27,128)Balance at end of period(152,376)(411,849)Retained earningsBalance at beginning of period7,341,569 6,440,528 Net income194,071 395,459 Preferred share dividends (1)(7,563)(7,563)Common share dividends (1)(35,593)(37,866)Balance at end of period7,492,484 6,790,558 Treasury shares, at costBalance at beginning of period(3,930,902)(3,746,732)Shares repurchased(464,506)(75,728)Shares reissued31,089 28,556 Balance at end of period(4,364,319)(3,793,904)Total shareholders’ equity $5,902,799 $5,505,155 

(1)  Refer to Note 9 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.

See accompanying notes to Consolidated Financial Statements.9

AXIS CAPITAL HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2025