Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 1

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 1
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 in 2025 and 2024, respectively)$757,286 $793,679 Unearned premiums (includes $25,578 and $29,204 from related parties in 2025 and 2024, respectively)26,196 29,793    Deferred gain on retroactive reinsurance106,268 107,255 Liability for securities purchased— 6,480 Accrued expenses and other liabilities (includes $31,647 and $59,096 from related parties in 2025 and 2024, respectively)51,818 77,966    Senior notes - principal amount262,361 262,361 Less: unamortized debt issuance costs7,563 7,604    Senior notes, net254,798 254,757 Liabilities held for sale645 883 Total liabilities1,197,011 1,270,813 Commitments and ContingenciesEQUITYCommon shares ($0.01 par value; 2025: 151,310,133 and 2024: 150,298,798 shares issued; 2025: 99,682,710 and 2024: 99,039,253 shares outstanding)1,513 1,503    Additional paid-in capital888,575 888,067    Accumulated other comprehensive loss(31,930)(32,733)   Accumulated deficit(696,559)(687,914)Treasury shares, at cost (2025: 51,627,423 shares and 2024: 51,259,545 shares)(124,026)(123,730)Total shareholders’ equity37,573 45,193 Total liabilities and equity$1,234,584 $1,316,006 

See accompanying notes to the unaudited Condensed Consolidated Financial Statements.

 3

MAIDEN HOLDINGS, LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(in thousands of U.S. dollars, except per share data)

For the Three Months Ended March 31,20252024RevenuesGross premiums written$4,074 $8,323 Net premiums written$4,049 $8,314 Change in unearned premiums3,635 4,094 Net premiums earned7,684 12,408 Other insurance revenue, net— 46 Net investment income3,034