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SHAREHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
SHAREHOLDERS' EQUITY | SHAREHOLDERS' EQUITY The following table presents changes in common shares issued and outstanding:
|  | Three months ended March 31, |  |  |  |  |  |  |
|  | 2025 |  | 2024 |  |  |  |  |  |  |  |  |  |  |
| Shares issued, balance at beginning of period | 176,580 |  |  | 176,580 |  |  |  |  |  |  |  |  |  |  |  |
| Shares issued | — |  |  | — |  |  |  |  |  |  |  |  |  |  |  |
| Total shares issued at end of period | 176,580 |  |  | 176,580 |  |  |  |  |  |  |  |  |  |  |  |
| Treasury shares, balance at beginning of period | (93,596) |  |  | (91,294) |  |  |  |  |  |  |  |  |  |  |  |
| Shares repurchased | (5,047) |  |  | (1,281) |  |  |  |  |  |  |  |  |  |  |  |
| Shares reissued | 714 |  |  | 682 |  |  |  |  |  |  |  |  |  |  |  |
| Total treasury shares at end of period | (97,929) |  |  | (91,893) |  |  |  |  |  |  |  |  |  |  |  |
| Total shares outstanding | 78,651 |  |  | 84,687 |  |  |  |  |  |  |  |  |  |  |  |
Treasury Shares On February 6, 2025, authorization under the Company's Board-authorized share repurchase program for common share repurchases approved in May 2024 was exhausted. On February 19, 2025, the Company's Board of Directors approved 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. The following table presents common shares repurchased from shares held in Treasury:
|  | Three months ended March 31, |  |  |  |  |  |
|  | 2025 |  | 2024 |  |  |  |  |  |  |  |  |  |
| In the open market:(1) |  |  |  |  |  |  |  |  |  |  |  |  |
| Total shares | 4,793 |  |  | 1,048 |  |  |  |  |  |  |  |  |  |  |
| Total cost | $ | 439,992 |  |  | $ | 61,607 |  |  |  |  |  |  |  |  |  |  |
| Average price per share(2) | $ | 91.79 |  |  | $ | 58.79 |  |  |  |  |  |  |  |  |  |  |
| From employees:(3) |  |  |  |  |  |  |  |  |  |  |  |  |
| Total shares | 254 |  |  | 233 |  |  |  |  |  |  |  |  |  |  |
| Total cost | $ | 24,514 |  |  | $ | 14,121 |  |  |  |  |  |  |  |  |  |  |
| Average price per share(2) | $ | 96.58 |  |  | $ | 60.70 |  |  |  |  |  |  |  |  |  |  |
| Total shares repurchased: |  |  |  |  |  |  |  |  |  |  |  |  |
| Total shares | 5,047 |  |  | 1,281 |  |  |  |  |  |  |  |  |  |  |
| Total cost | $ | 464,506 |  |  | $ | 75,728 |  |  |  |  |  |  |  |  |  |  |
| Average price per share(2) | $ | 92.03 |  |  | $ | 59.13 |  |  |  |  |  |  |  |  |  |  |
(1) Shares are 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. Dividends The following table presents dividends declared and paid related to the Company's common and preferred shares:
|  | Per share data |
|  | Dividends declared |  | Dividends paid in period of declaration |  | Dividends paid in period following declaration |
| Three months ended March 31, 2025 |  |  |  |  |  |
| Common shares | $ | 0.44 |  |  | $ | — |  |  | $ | 0.44 |  |
| Series E preferred shares | $ | 34.38 |  |  | $ | — |  |  | $ | 34.38 |  |
| Three months ended March 31, 2024 |  |  |  |  |  |
| Common shares | $ | 0.44 |  |  | $ | — |  |  | $ | 0.44 |  |
| Series E preferred shares | $ | 34.38 |  |  | $ | — |  |  | $ | 34.38 |  |

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