Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 11

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 11
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 months ended March 31, 2025. •Net loss and LAE was offset by amortization of the deferred gain liability of $5,888 on the LPT/ADC Agreement for the three months ended March 31, 2025 since cumulative paid losses exceed the minimum risk retention under the LPT/ADC Agreement. 

 10

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

3. Segment Information (continued)For the Three Months Ended March 31, 2024Diversified ReinsuranceAmTrust ReinsuranceTotalGross premiums written$8,828 $(505)$8,323 Net premiums written$8,819 $(505)$8,314 Net premiums earned$8,991 $3,417 $12,408 Other insurance revenue46 — 46 Net loss and LAE(2,924)(8,701)(11,625)Commission and other acquisition expenses(4,295)(1,298)(5,593)General and administrative expenses(2,090)(670)(2,760)Underwriting loss$(272)$(7,252)(7,524)Reconciliation to net incomeNet investment income and net realized and unrealized investment gains16,450 Interest and amortization expenses(4,815)Foreign exchange and other gains, net2,053 Other general and administrative expenses(5,300)Income tax expense(11)Interest in income from equity method investments606 Net income$1,459 

 11

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

3. Segment Information (continued)The following tables summarize the financial position of the Company's reportable segments including a reconciliation to the Company's consolidated total assets at March 31, 2025 and December 31, 2024:March 31, 2025Diversified ReinsuranceAmTrust ReinsuranceTotalReinsurance balances receivable, net$2,566 $6,494 $9,060 Reinsurance recoverable on unpaid losses2,890 509,938 512,828 Deferred commission and other acquisition expenses577 4,948 5,525 Loan to related party—