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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Share repurchase
In February 2023, the Company’s board of directors authorized a $500,000 increase to its existing $1,750,000 share repurchase program, bringing the total authorization under the Company’s existing share repurchase program to $2,250,000.
Pursuant to its share repurchase program, the Company repurchased 250,404 of its common shares on the open market between January 1, 2023 and February 28, 2023 at a weighted average price of $47.85 per share for an aggregate cash amount of $11,983.
Dividend
In February 2023, the Company announced that its Board of Directors approved a 10% increase in its quarterly cash dividend, representing a planned annual dividend of $0.55 per common share, increased from $0.50 per common share in 2022. The Board of Directors also declared a dividend for the first quarter of 2023 of $0.1375 per common share, which will be paid on March 24, 2023 to shareholders of record as of the close of business on March 10, 2023. The declaration of any future dividends will be at the discretion of the Board of Directors and subject to Bermuda and other applicable laws.