Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 0

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 0
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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements 

MAIDEN HOLDINGS, LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

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

March 31,2025December 31,2024ASSETS(Unaudited)(Audited)Investments:Fixed maturities, available-for-sale, at fair value (Amortized cost: 2025 - $205,909; 2024 - $236,788)$202,460 $232,613 Equity securities, at fair value (Cost: 2025 - $13,436; 2024 - $13,436)11,850 13,147 Equity method investments78,841 81,287    Other investments (Allowance for expected credit losses: 2025 - $1,023; 2024 - $1,023) 163,558 157,016    Total investments456,709 484,063   Cash and cash equivalents28,706 25,651   Restricted cash and cash equivalents15,562 9,084   Accrued investment income3,741 3,346 Reinsurance balances receivable, net (includes $6,494 and  $5,171 from related parties in 2025 and 2024, respectively. Allowance for expected credit losses: 2025 - $203; 2024 - $169)9,103 8,159 Reinsurance recoverable on unpaid losses (Allowance for expected credit losses: 2025 - $849; 2024 - $2,963)549,350 571,331   Net loan receivable from related party128,118 167,975 Deferred commission and other acquisition expenses (includes $4,948 and $7,553 from related parties in 2025 and 2024, respectively)5,524 8,102 Funds withheld receivable (Allowance for expected credit losses: 2025 - $8; 2024 - $8)12,606 12,650   Other assets5,527 4,830 Assets held for sale19,638 20,815 Total assets$1,234,584 $1,316,006 LIABILITIESReserve for loss and loss adjustment expenses (includes $656,022 and $687,274 from related parties