Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 304

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 2
Chunk 304
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5. The Company's five largest corporate holdings are 100.0% euro denominated, with 28.9% in the Consumer Sector and 40.8% in the Financial Institutions sector. 

March 31, 2025Fair Value% of HoldingsRating(1)($ in thousands)Chubb Ina Holdings Inc., 1.55%, Due 3/15/2028$6,760 3.4 %APPG Industries Inc., 0.875%, Due 11/3/20255,354 2.6 %BBB+McKesson Corp., 1.5% Due 11/17/20252,687 1.3 %A-Baxter International Inc., 1.3%, Due 5/30/20252,428 1.2 %BBBAmerican Tower Corp, 1.0%, Due 1/15/2032457 0.2 %BBBTotal$17,686 8.7 %

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

At March 31, 2025 and December 31, 2024, we held the following types of non-U.S. dollar denominated securities:

March 31, 2025December 31, 2024($ in thousands)Fair Value% of TotalFair Value% of TotalNon-USD  denominated collateralized loan obligations$63,103 49.8 %$60,283 48.9 %Non-USD  denominated corporate bonds17,686 14.0 %24,373 19.8 %Non-U.S. government bonds45,816 36.2 %38,532 31.3 %Total non-U.S. dollar denominated securities$126,605 100.0 %$123,188 100.0 %

At March 31, 2025 and December 31, 2024, respectively, 100.0% of non-U.S. dollar denominated securities were invested in euro denominated bonds. The net increase in non-USD denominated fixed maturities is largely due to foreign exchange appreciation of euro denominated corporate bonds relative to the U.S. dollar during the three months ended March 31, 2025.

At March 31, 2025 and December 31, 2024, the Company's non-U.S. government issuers have