XML 158 R134.htm IDEA: XBRL DOCUMENT v3.24.0.1
SCHEDULE II - CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 376,292 $ 223,083 $ 618,609
Adjustments to reconcile net income to net cash provided by operating activities:      
Other items (45,881) (45,848) 155,979
Share-based compensation expense, net of cash payments 54,120 48,494 37,744
Net cash provided by operating activities 1,255,559 798,038 1,197,692
Cash flows from financing activities:      
Taxes paid on withholding shares (23,596) (13,994) (10,242)
Dividends paid - common shares (153,775) (149,341) (145,603)
Repurchase of common shares - open market 0 (34,987) 0
Dividends paid - preferred shares (30,250) (30,250) (30,250)
Net cash used in financing activities (202,371) (149,622) (186,095)
Increase (decrease) in cash, cash equivalents and restricted cash 209,332 (143,037) (185,542)
Cash, cash equivalents and restricted cash - beginning of year 1,174,653 1,317,690 1,503,232
Cash, cash equivalents and restricted cash - end of year 1,383,985 1,174,653 1,317,690
AXIS Capital Holdings Limited      
Cash flows from operating activities:      
Net income 376,292 223,083 618,609
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income loss of subsidiaries (428,626) (283,335) (681,452)
Change in intercompany payable (136,059) 32,871 (96,868)
Dividends received from subsidiaries 375,000 225,000 300,000
Other items (34,626) (17,140) 7,882
Share-based compensation expense, net of cash payments 54,119 48,494 37,744
Net cash provided by operating activities 206,100 228,973 185,915
Cash flows from financing activities:      
Taxes paid on withholding shares (23,595) (13,994) (10,242)
Dividends paid - common shares (153,775) (149,341) (145,603)
Repurchase of common shares - open market 0 (34,987) 0
Dividends paid - preferred shares (30,250) (30,250) (30,250)
Net cash used in financing activities (207,620) (228,572) (186,095)
Increase (decrease) in cash, cash equivalents and restricted cash (1,520) 401 (180)
Cash, cash equivalents and restricted cash - beginning of year 1,932 1,531 1,711
Cash, cash equivalents and restricted cash - end of year $ 412 $ 1,932 $ 1,531