Company: MHLA
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001412100-25-000011
Chunk: 139

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 139
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(1)$(730)$(2,971)Other investments9,353 — Equity securities(3,538)4,957 Total net realized gains5,085 1,986 Net unrealized gains (losses):Other investments2,197 7,327 Equity securities(1,672)(1,465)Total net unrealized gains525 5,862 Total net realized and unrealized investment gains$5,610 $7,848 

For the year ended December 31, 2024, the net investment gains of $5.6 million were primarily due to net realized gains of $9.4 million on the sale of other investments, partially offset by net realized losses of $3.5 million on equity securities. The net realized gains on other investments for the year ended December 31, 2024 were mainly from sales and redemptions of private credit funds and private equity funds during the third quarter of 2024. The sales and redemptions of other investments including equity securities were part of a broader effort to reposition our balance sheet as part of ongoing group strategic initiatives while also strengthening overall liquidity.

64

Interest in Income of Equity Method Investments

Total interest in income of equity method investments of $1.7 million was recognized for the year ended December 31, 2024 compared to an interest in income of equity method investments of $7.8 million for the year ended December 31, 2023. The Company's equity method investments consisted of real estate investments of $57.5 million and other investments of $23.7 million as of December 31, 2024. The following table details our interest in the income of equity method investments for the years ended December 31, 2024 and 2023, respectively:

For the Year Ended December 31,20242023($ in thousands)Other equity method investments$1,370 $8,211 Real estate investments330 (448)Hedge fund investments— 83 Interest in income of equity method investments$1,700 $7,846 

Net Loss and LAE 

Net loss and LAE increased by $124.9 million or 204.0% during the year ended December 31, 2024 compared to 2023 driven by higher net adverse PPD in the AmTrust Reinsurance Segment. Net loss and LAE was impacted by net adverse PPD of $154.4 million in