Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 179

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 179
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46 and diluted book value per common share decreased by 81.7% to $0.45, compared to December 31, 2023. This was largely due to the net loss of $201.0 million reported by the Company, which produced substantially all of the $204.0 million decline in shareholders' equity for the year ended December 31, 2024.

Capital resources consist of funds deployed in support of our operations. The following table shows the movement in our capital resources at December 31, 2024 and 2023:

December 31, 20242023ChangeChange (%)($ in thousands)   Common shares at par value$1,503 $1,497 $6 0.4 %Additional paid-in capital888,067 886,072 1,995 0.2 %Accumulated other comprehensive loss(32,733)(31,469)(1,264)4.0 %Accumulated deficit(687,914)(486,945)(200,969)41.3 %Treasury shares, at cost(123,730)(119,995)(3,735)3.1 %Total Maiden shareholders' equity45,193 249,160 (203,967)(81.9)%Senior Notes - principal amount262,361 262,361 — — %Total capital resources$307,554 $511,521 $(203,967)(39.9)%

Total capital resources decreased by $204.0 million, or 39.9% compared to December 31, 2023 due to the following items:

•accumulated deficit increased by $201.0 million due to the Company's reported net loss of $201.0 million for the year ended December 31, 2024;

•net decrease in AOCI of $1.3 million which arose due to: (1) net unrealized gains on investment of $3.2 million mainly from our AFS bond portfolio relating to market price movements in the year ended December 31, 2024; and (2) an decrease in cumulative translation adjustments of $4.4 million during the year ended December 31, 2024 due to the impact of the U.S. dollar depreciation on the re-measurement of net assets denominated in British pound and euro;

•treasury shares increased by $3.7 million due to $3.5 million of shares repurchased under our authorized common