v3.25.2
SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
The following table presents changes in common shares issued and outstanding:
  Three months ended June 30,Six months ended June 30,
  2025202420252024
Shares issued, balance at beginning of period176,580 176,580 176,580 176,580 
Shares issued— — — — 
Total shares issued at end of period176,580 176,580 176,580 176,580 
Treasury shares, balance at beginning of period(97,929)(91,893)(93,596)(91,294)
Shares repurchased(510)(545)(5,557)(1,826)
Shares reissued 32 37 746 719 
Total treasury shares at end of period(98,407)(92,401)(98,407)(92,401)
Total shares outstanding78,173 84,179 78,173 84,179 
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 June 30,Six months ended June 30,
  2025202420252024
Publicly announced programs:(1)
Total shares499 540 5,292 1,588 
Total cost$49,990 $38,361 $489,982 $99,968 
Average price per share(2)
$100.25 $71.09 $92.59 $62.97 
From employees:(3)
Total shares11 5 265 238 
Total cost$1,100 $435 $25,614 $14,556 
Average price per share(2)
$101.78 $80.57 $96.79 $61.15 
Total shares repurchased:
Total shares510 545 5,557 1,826 
Total cost$51,090 $38,796 $515,596 $114,524 
Average price per share(2)
$100.28 $71.18 $92.79 $62.73 
(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 declaredDividends paid in period of declarationDividends paid in period following declaration
Three months ended June 30, 2025
   Common shares$0.44 $— $0.44 
   Series E preferred shares$34.38 $— $34.38 
Three months ended June 30, 2024
   Common shares$0.44 $— $0.44 
   Series E preferred shares$34.38 $— $34.38 
Six months ended June 30, 2025
   Common shares$0.88 $0.44 $0.44 
   Series E preferred shares
$68.75 $34.38 $34.38 
Six months ended June 30, 2024
   Common shares$0.88 $0.44 $0.44 
   Series E preferred shares$68.75 $34.38 $34.38