Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 165

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 165
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 Consumer Sector and 52.4% in the Financial Institutions sector: 

December 31, 2024Fair Value% of Total Fixed Income HoldingsRating(1)($ in thousands)Chubb Ina Holdings Inc., 1.55%, Due 3/15/2028$6,460 2.8 %APPG Industries Inc., 0.875%, Due 11/3/20255,090 2.2 %BBB+Kellanova, 1.25%, Due 3/10/20254,127 1.8 %BBBBNP Paribas SA, 1.25%, Due 3/19/20253,382 1.4 %A-McKesson Corp., 1.5% Due 11/17/20252,561 1.1 %A-Baxter International Inc., 1.3%, Due 5/30/20252,313 1.0 %BBBMorgan Stanley, 1.875%, Due 4/27/20272,028 0.9 %A+Aareal Bank AG, 0.625%, Due 2/14/20251,591 0.7 %AAANatwest Group PLC, 1.75%, Due 3/2/20261,033 0.4 %A-Chubb Ina Holdings Inc., 0.875%, Due 6/15/2027988 0.4 %ATotal$29,573 12.7 %

(1)    Ratings as assigned by S&P, or equivalent

At December 31, 2024 and 2023, respectively, 100.0% of our non-U.S. dollar denominated securities were invested in euro denominated bonds. The net decrease in non-USD denominated fixed maturities is largely due to sales and maturities of euro denominated corporate bonds during the year ended December 31, 2024. At December 31, 2024 and 2023, the Company's non-U.S. government issuers have a rating of AA- or higher by Fitch Ratings.  The Company does not employ any credit default protection against any of the fixed maturities held in non-U.S. dollar ("non-USD") denominated currencies at December 31, 2024 and 2023, respectively. 

77

At December 31, 2024