Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 303

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 2
Chunk 303
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Total U.S. Agency MBS$23,108 100.0 %$23,356 100.0 %

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At March 31, 2025 and December 31, 2024, 100.0% of our fixed maturity investments consisted of investment grade securities. We define a security as being below investment grade if it has an S&P credit rating of BB+ or equivalent, or less. Please see Part I, Item 1 - Notes to Condensed Consolidated Financial Statements (unaudited) Note 4. Investments for additional information on the credit rating of our fixed income investment portfolio. 

The security holdings by sector and financial strength rating of our corporate bond holdings at March 31, 2025 and December 31, 2024 were as follows:

Ratings(1)March 31, 2025AAAA+, A, A-BBB+, BBB, BBB-BB+ or lowerFair Value% of Corporate bonds portfolioCorporate bonds($ in thousands)Basic Materials— %— %30.3 %— %$5,354 30.3 %Consumer— %15.2 %13.7 %— %5,115 28.9 %Financial Institutions— %38.2 %2.6 %— %7,217 40.8 %Total — %53.4 %46.6 %— %$17,686 100.0 %

Ratings(1)December 31, 2024AAAA+, A, A-BBB+, BBB, BBB-BB+ or lowerFair Value% of Corporate bonds portfolioCorporate bonds($ in thousands)Basic Materials— %— %19.6 %— %$5,090 19.6 %Consumer— %9.9 %24.8 %— %9,001 34.7 %Financial Institutions6.1 %37.9 %1.7 %— %11,873 45.7 %Total 6.1 %47.8 %46.1 %— %$25,964 100.0 %

(1)    Ratings as assigned by S&P, or equivalent

The table below includes the Company’s five largest corporate holdings at fair value and as a percentage of all fixed income securities held as at March 31, 202