Item 5. Market for Registrant’s Common Equity
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 23, 2026, the number of holders of record of our common shares was 19. 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, 2025:
Period Total number
of shares
purchased (a) (b)
Average
price paid
per share Total number of shares
purchased as part of
publicly announced
programs (a)
Maximum number (or approximate
dollar value) of shares that
may yet be purchased under the programs (c) (d) (e)
October 1-31, 2025 2 $94.20 — $400 million
November 1-30, 2025 2,915 $98.85 2,911 $112 million
December 1-31, 2025 3 $102.20 — $112 million
Total 2,920 2,911 $112 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) On February 6, 2025, authorization under our Board-authorized share repurchase program for common share repurchases approved and announced in May 2024 was exhausted.
(d) On September 3, 2025, authorization under our Board-authorized share repurchase program for common share repurchases approved and announced in February 2025 was exhausted.
(e) On September 17, 2025, the Company's Board of Directors approved and announced a new share repurchase program for up to $400 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.
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Performance Graph
Set forth below is a line graph comparing the dollar change in the cumulative total shareholder return on the Company's Common Shares from December 31, 2020, through December 31, 2025, as compared to the cumulative total return of the Standard & Poor's 500 Stock Index and the cumulative total return of the Standard & Poor's Property-Casualty Insurance Index. The cumulative total shareholder return is a concept used to compare the performance of a company's stock over time and is the ratio of the stock price change plus the cumulative amount of dividends over the specified time period (assuming dividend reinvestment), to the stock price at the beginning of the time period. The chart depicts the value on December 31, 2021, 2022, 2023, 2024 and 2025 of a $100 investment made on December 31, 2020, with all dividends reinvested.
12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
AXIS Capital Holdings Limited
$100.00 $111.80 $114.75 $105.40 $198.52 $244.07
S&P 500 P&C Index $100.00 $119.28 $141.79 $157.12 $212.86 $234.32
S&P 500 Index $100.00 $128.71 $105.40 $133.10 $166.40 $196.16
ITEM 6. [RESERVED]
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