Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 164

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 164
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 BB+ or equivalent, or less. Please see "Part II, Item 8 - Notes to Consolidated Financial Statements Note 4. Investments" for additional information on the credit rating of our fixed income portfolio. 

76

The security holdings by sector and financial strength rating of our corporate bond holdings at December 31, 2024 and 2023 were as follows:

Ratings(1)December 31, 2024AAAA+, A, A-BBB+, BBB, BBB-BB+ or lowerFair Value% of Corporate bondsCorporate 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 Corporate bonds6.1 %47.8 %46.1 %— %$25,964 100.0 %Ratings(1)December 31, 2023AAAA+, A, A-BBB+, BBB, BBB-BB+ or lowerFair Value% of Corporate bondsCorporate bonds($ in thousands)Basic Materials— %— %7.6 %— %$5,273 7.6 %Communications — %7.9 %4.2 %— %8,392 12.1 %Consumer— %15.8 %29.2 %— %31,186 45.0 %Energy— %1.2 %2.6 %— %2,639 3.8 %Financial Institutions2.2 %20.9 %0.6 %7.8 %21,854 31.5 %Total Corporate bonds2.2 %45.8 %44.2 %7.8 %$69,344 100.0 %

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

The table below includes the Company’s ten largest corporate holdings at fair value and as a percentage of all fixed income securities held as at December 31, 2024. The Company's ten largest corporate holdings are 94.6% euro denominated, with 30.4% in the