Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 107

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 107
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 pay run-off reserve liabilities in both the AmTrust and Diversified Reinsurance segments. 

Our alternative investment portfolio increased by 1.1% in the first quarter of 2025 due to net purchases of private equity funds. The alternative investment portfolio produced a positive net return of 0.3% in the first quarter of  2025 compared to 3.4% for the same period in 2024. Please refer to Note 15. Subsequent Events of the Notes to Condensed Consolidated Financial Statements included in Part I Item 1. "Financial Information" for information regarding the recent sale of one the Company's private equity investments accounted for as an equity method investment held at March 31, 2025.

The following table summarizes our investment results for the three months ended March 31, 2025 and 2024: 

For the Three Months Ended March 31,($ in thousands)20252024Net investment income:Fixed income investments(1)$2,477 $6,411 Cash and restricted cash363 174 Other investments, including equities216 1,207 Investment expenses(22)(92)Total net investment income3,034 7,700 Net realized losses:Fixed income assets(1)(1)(218)Other investments, including equities(133)— Total net realized losses(134)(218)Net unrealized gains:Other investments, including equities3,465 8,968 Total net unrealized gains3,465 8,968 Interest in loss of equity method investments:Interest in (loss) income of equity method investments(2,722)606 Interest in (loss) income of equity method investments(2,722)606 Total investment return included in earnings (A)$3,643 $17,056 Other comprehensive income:Unrealized gains on AFS fixed maturity securities and equity method investments excluding foreign exchange (B)$726$1,018Total investment return = (A) + (B)$4,369$18,074Annualized income from fixed income assets(2)$11,360$26,340Average aggregate fixed income assets, at cost(2)428,013577,388Annualized investment book yield2.7 %4.6 %Average aggregate invested assets, at fair value(3)$677,050$887,969Investment return included in net earnings0.5 %1.9 %Total investment return0.