Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 204

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 204
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,645)$1,459 $(10,104)Basic and diluted (loss) earnings per common share:Net (loss) income attributable to common shareholders(2)(0.09)0.01 (0.10)Gross premiums written4,074 8,323 (4,249)Net premiums earned7,684 12,408 (4,724)Underwriting income (loss)(3)7,454 (7,524)14,978 Net investment results(13)3,643 17,056 (13,413)Non-GAAP measures:Non-GAAP operating loss(1)(2,807)(4,950)2,143 Non-GAAP basic and diluted operating loss per common share(1)(0.03)(0.05)0.02 Annualized non-GAAP operating return on average adjusted shareholders' equity(1)(7.8)%(6.2)%(1.6)

March 31, 2025December 31, 2024ChangeConsolidated Financial Condition($ in thousands except per share data)Total investments and cash and cash equivalents(4)$500,977 $518,798 $(17,821)Total assets1,234,584 1,316,006 (81,422)Reserve for loss and LAE757,286 793,679 (36,393)Senior notes - principal amount262,361 262,361 — Shareholders' equity37,573 45,193 (7,620)Total capital resources(5)299,934 307,554 (7,620)Ratio of debt to total capital resources(10)87.5 %85.3 %2.2 Book Value calculations:Book value per common share(6)$0.38 $0.46 $(0.08)Accumulated dividends per common share(12)4.27 4.27 — Book value per common share plus accumulated dividends$4.65 $4.73 $(0.08)Change in book value per common share plus accumulated dividends(1.7)%Diluted book value per common share(7)$0.37 $0.45 $(0.08)Non-GAAP measures:Adjusted book value per common share(8)$1.42 $1.52 $(0.10)Adjusted shareholders' equity(9)