Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 171

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 171
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 net investment income25,546 37,378 Net realized gains (losses):Fixed income assets(1)(730)(2,971)Other investments, including equities5,815 4,957 Total net realized gains5,085 1,986 Net unrealized gains:Other investments, including equities525 5,862 Total net unrealized gains525 5,862 Interest in income of equity method investments:Interest in income of equity method investments1,700 7,846 Total interest in income of equity method investments1,700 7,846 Total investment return included in earnings (A)$32,856 $53,072 Other comprehensive income:Unrealized gains on AFS fixed maturities and equity method investments excluding foreign exchange (B)$3,760 $7,977 Total investment return = (A) + (B)$36,616 $61,049 Annualized income from fixed income assets(2)$23,924$32,985Average aggregate fixed income assets, at cost(2)532,661799,812Annualized investment book yield4.5 %4.1 %Average aggregate invested assets, at fair value(3)$806,851$1,078,675Investment return included in net earnings4.1 %4.9 %Total investment return4.5 %5.7 %

1.Fixed income investments include AFS securities as well as funds withheld receivable, and loan to related party.

80

2.Fixed income assets include AFS portfolio, cash and restricted cash, funds withheld receivable, and loan to related party.

3.Average aggregate invested assets include all investments (AFS and alternative investments), cash and restricted cash, loan to related party and funds withheld receivable and is computed as an average of the amounts disclosed in our quarterly U.S. GAAP consolidated financial statements.

The following table details total investment returns for our fixed income investments for the years ended December 31, 2024 and 2023, respectively:

Fixed Income Investments(1)For the Year Ended December 31,($ in thousands)20242023Gross investment income$23,924 $32,985 Net realized losses(730)(2,971)Change in AOCI (3)3,760 7,977 Gross investment returns$26,954 $37,991    Average invested assets, at fair value (4)$526,