Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 18

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 18
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 investments and equity method investments may not have any restrictions governing their sale, but there is no active market and no guarantee that we will be able to execute a sale in a timely manner. In addition, even if certain other investments and equity method investments are not eligible for redemption or sales are restricted, the Company may still receive income distributions from those investments.Other investmentsThe table shows the composition of the Company's other investments as of March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024Carrying value% of Total Carrying value% of TotalPrivately held equity investments$48,677 29.8 %$46,301 29.5 %Private equity funds27,098 16.6 %25,123 16.0 %Private credit investments1,808 1.1 %1,909 1.2 %Investments in direct lending entities (at cost)85,975 52.5 %83,683 53.3 %Total other investments$163,558 100.0 %$157,016 100.0 %The collateralized investments in direct lending entities of $85,975 at March 31, 2025 (December 31, 2024: $83,683) are carried at cost less an allowance for expected credit losses, with any indication of credit loss recognized in net income when determined. An allowance for expected credit losses of $1,023 was reported on the investments in direct lending entities as at March 31, 2025 and December 31, 2024. Please see Note 5(d). Fair Value Measurements for additional information regarding this investment.

 16

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

4. Investments (continued)Equity SecuritiesEquity securities currently include privately held equity investments in common and preferred stocks. The Company's privately held equity investments in common and preferred stocks are direct investments in companies that the Company believes offer attractive risk adjusted returns or offer other strategic advantages. Each investment may have its own unique terms and conditions and there may be restrictions on disposals. There is no active market for these investments. The following table provides the cost and fair values of the equity securities held at March 31, 2025 and December