Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 20

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 20
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 investments are reported under the equity method of accounting. In applying the equity method of accounting, the investments are initially recorded at cost and are subsequently adjusted based on the Company’s proportionate share of the investee's net income or loss. Generally, the maximum exposure to loss on these interests is limited to the amount of commitment made by the Company as more fully described in Note 11 - Commitments, Contingencies and Guarantees in these condensed consolidated financial statements.

 17

MAIDEN HOLDINGS, LTD. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(in thousands of U.S. dollars, except share and per share data)

4. Investments (continued)The table below shows the carrying value and beneficial ownership percentage of the Company's equity method investments as of March 31, 2025, the summarized financial data of each equity method investment for the year ended December 31, 2024, and the Company's interest in income (loss) of equity method investments for the three months ended March 31, 2025: March 31, 2025For the Year Ended December 31, 2024For the Three Months Ended March 31, 2025Carrying ValueBeneficial Ownership Investee Revenue(1)Investee net income (loss)(1)Equity in income (loss) of investeeUSQ Risk(2)$4,667 18.9 %$21,867 $11,208 $427 Silverstone Venture 14,892 90.0 %5,931 (5,130)(3,309)Silverstone Venture 22,268 86.8 %281 252 71 Silverstone Venture 38,874 70.2 %— (33)135 Extell Hudson Waterfront Holdings27,500 25.0 %10,159 10,058 — Seiden LP & Seiden MGMT LP30,640 99.9 %612 (113)(46)Total equity method investments$78,841    $(2,722)(1) The Company has included summarized financial data of its equity method investees for the year ended December 31, 2024 as this period represents the most recent audited financial statements available at the time of filing the Company's Form 10-Q for the three months ended March 31, 2025.(2) Please refer to Note 15