Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 154

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 154
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,722)(1) The Company has included summarized financial data of its equity method investees for the year ended December 31, 2024 as this period represents the most recent audited financial statements available at the time of filing the Company's Form 10-Q for the three months ended March 31, 2025.(2) Please refer to Note 15. Subsequent Events for details regarding the recent sale of USQ Risk subsequent to March 31, 2025.c)Net Investment Income Net investment income was derived from the following sources for the three months ended March 31, 2025 and 2024: For the Three Months Ended March 31,20252024Fixed maturities$1,803 $2,440 Income on funds withheld76 901 Interest income from net loan receivable from related party598 3,070 Other investments216 1,207 Cash and cash equivalents363 174 3,056 7,792 Investment expenses(22)(92)Net investment income$3,034 $7,700 d)  Net Realized and Unrealized Investment Gains (Losses)Realized gains or losses on the sale of investments are determined on the basis of the first in first out cost method. The following tables show the net realized and unrealized investment gains (losses) included in the Condensed Consolidated Statements of Income for the three months ended March 31, 2025 and 2024:For the Three Months Ended March 31, 2025Gross gainsGross lossesNetFixed maturities$— $(1)$(1)Equity securities— (1,297)(1,297)Other investments5,019 (390)4,629 Net realized and unrealized investment gains (losses)$5,019 $(1,688)$3,331 For the Three Months Ended March 31, 2024Gross gainsGross lossesNetFixed maturities$— $(218)$(218)Equity securities146 (1,017)(871)Other investments11,324 (1,485)9,839 Net realized and unrealized investment gains (losses)$11,470 $(2,720)$8,750 

 18

MAIDEN HOLDINGS, LTD. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(in thousands of U.S. dollars, except