Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 17

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 17
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15

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)The following tables summarize the credit ratings of our fixed maturities as at March 31, 2025 and December 31, 2024:March 31, 2025Amortized costFair value% of Total fair valueU.S. treasury bonds$52,748 $52,747 26.1 %U.S. agency bonds – mortgage-backed26,045 23,108 11.4 %AAA77,838 77,848 38.4 %AA+, AA, AA-31,052 31,071 15.3 %A+, A, A-9,852 9,447 4.7 %BBB+, BBB, BBB-8,374 8,239 4.1 %Total fixed maturities (1)$205,909 $202,460 100.0 %December 31, 2024Amortized costFair value% of Total fair valueU.S. treasury bonds$84,033 $84,058 36.1 %U.S. agency bonds – mortgage-backed26,841 23,356 10.0 %AAA70,943 70,827 30.5 %AA+, AA, AA-29,981 29,998 12.9 %A+, A, A-12,837 12,404 5.3 %BBB+, BBB, BBB-12,153 11,970 5.2 %BB+ or lower— — — %Total fixed maturities(1)$236,788 $232,613 100.0 %(1)Ratings above are based on Standard & Poor’s ("S&P"), or equivalent, ratings.b)Other Investments, Equity Securities and Equity Method InvestmentsCertain of the Company's other investments and equity method investments are subject to restrictions on redemptions and sales that are determined by the governing documents, which could limit our ability to liquidate those investments. These restrictions may include lock-ups, redemption gates, restricted share classes, restrictions on the frequency of redemption and notice periods. A gate is the ability to deny or delay a redemption request. Certain other