Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 101

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 101
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 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, 2025. The Company's five largest corporate holdings are 100.0% euro denominated, with 28.9% in the Consumer Sector and 40.8% in the Financial Institutions sector. 

March 31, 2025Fair Value% of HoldingsRating(1)($ in thousands)Chubb Ina Holdings Inc., 1.55%, Due 3/15/2028$6,760 3.4 %APPG Industries Inc., 0.875%, Due 11/3/20255,354