Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 136

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 136
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 segments, reconciled to the total consolidated net premiums written for the years ended December 31, 2024 and 2023: 

For the Year Ended December 31,20242023Change in($ in thousands)TotalTotal$%Diversified Reinsurance$34,749 $27,104 $7,645 28.2 %AmTrust Reinsurance(1,686)(3,936)2,250 (57.2)%Total$33,063 $23,168 $9,895 42.7 %

Net premiums written for the year ended December 31, 2024 were $33.1 million compared to net premiums written of $23.2 million during 2023 due to the following:

•Net premiums written in the Diversified Reinsurance segment increased by $7.6 million or 28.2% for the year ended December 31, 2024 compared to 2023 primarily due to growth in direct premiums for Credit Life programs written by Maiden LF and Maiden GF; and

•Premiums written in the AmTrust Reinsurance segment increased by $2.3 million for the year ended December 31, 2024 compared to 2023. The negative premiums in the year ended December 31, 2023 reflect cession adjustments of $6.1 million due to the cancellation of cases in one specific program in Specialty Risk and Extended Warranty. 

 Please refer to the analysis below of our Diversified Reinsurance and AmTrust Reinsurance segments for further details. 

Net Premiums Earned 

Net premiums earned increased by $5.5 million or 12.5% for the year ended December 31, 2024 compared to 2023. The table below compares net premiums earned by our reportable segments, reconciled to the total consolidated net premiums earned, for the years ended December 31, 2024 and 2023:

For the Year Ended December 31,20242023Change in($ in thousands)TotalTotal$%Diversified Reinsurance$35,787 $29,039 $6,748 23.2 %AmTrust Reinsurance13,687 14,930 (1,243)(8.3)%Total$49,474 $43,969 $5,505 12.5 %

Net premiums earned in the Diversified Reinsurance segment for the year ended December 31,