Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 155

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 155
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 share and per share data)

4. Investments (continued)Realized and unrealized gains and losses from equity securities detailed above include both sales and distributions of equity securities and unrealized gains and losses coming from fair value changes. Net unrealized losses recognized for equity securities still held at the reporting date for the three months ended March 31, 2025 and 2024, respectively, included:For the Three Months Ended March 31, 20252024Net losses recognized for equity securities$(1,297)$(871)Net gains recognized for equity securities divested— — Net unrealized losses recognized for equity securities still held at the reporting date$(1,297)$(871)Proceeds from sales of fixed maturity investments were $1,788 for the three months ended March 31, 2025 (2024: $23,835). Net unrealized losses included in accumulated other comprehensive income ("AOCI") were as follows at March 31, 2025 and December 31, 2024, respectively: March 31, 2025December 31, 2024Net unrealized losses on fixed maturity investments$(3,449)$(4,175)Net unrealized losses on held for sale AFS investments(430)(453)Total net unrealized losses(3,879)(4,628)Net unrealized losses, net of deferred income tax$(3,879)$(4,628)Change, net of deferred income tax$749 $3,156 e)Restricted Cash and Cash Equivalents and Investments The Company is required to provide collateral for its reinsurance liabilities under various reinsurance agreements and utilizes trust accounts to collateralize business with reinsurance counterparties. The assets in trust as collateral are primarily cash and highly rated fixed maturities. The fair values of restricted assets at March 31, 2025 and December 31, 2024 are:March 31, 2025December 31, 2024  Restricted cash – third party agreements$10,553 $7,678   Restricted cash – related party agreements5,009 1,406   Total restricted cash15,562 9,084 Restricted investments – in trust for third party agreements at fair value (amortized cost: 2025 – $59,721; 2024 – $58,365)57,526 55,848 Restricted investments – in trust for related