Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 79

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 79
---
s Written 

Net premiums written by our reportable segments, reconciled to the total consolidated net premiums written for the three months ended March 31, 2025 and 2024 are detailed below:  

For the Three Months Ended March 31,20252024Change in($ in thousands)TotalTotal$%Diversified Reinsurance$4,991 $8,819 $(3,828)(43.4)%AmTrust Reinsurance(942)(505)(437)86.5 %Total$4,049 $8,314 $(4,265)(51.3)%

Net premiums written for the three months ended March 31, 2025 decreased to $4.0 million, compared to net premiums written of $8.3 million for the same period in 2024:

•Premiums written in the Diversified Reinsurance segment decreased by $3.8 million for the three months ended March 31, 2025, compared to the same respective period in 2024 due to the pending sale of Maiden LF and Maiden GF as discussed in Note 14. Assets Held for Sale of the Notes to Condensed Consolidated Financial Statements in Part I Item 1. "Financial Information". As part of these transactions, Maiden LF and Maiden GF are no longer writing new business and their non-underwriting related assets and liabilities are represented as held-for-sale in our condensed consolidated financial statements.

•Premiums written in the AmTrust Reinsurance segment decreased by $0.4 million for the three months ended March 31, 2025, compared to the same respective period in 2024.

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

Net Premiums Earned 

Net premiums earned decreased by $4.7 million for the three months ended March 31, 2025 compared to the same respective period in 2024. Net premiums earned by our reportable segments, reconciled to the total consolidated net premiums earned, for the three months ended March 31, 2025 and 2024 are detailed as follows:

For the Three Months Ended March 31,20252024Change in($ in thousands)TotalTotal$%Diversified Reinsurance$5,000 $8,991 $(3,991)(44.4)%AmTrust Quota Share Reinsurance2,684 3,417 (733)(21.5)%Total$7,684 $