Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 50

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 50
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:--|----------:|:--|:--|
| ​                                                                        | ​ | ​ | -in thousands, exceptfor earnings percommon share |   |           |   | ​ |
| Statement of Operations Data                                             | ​ | ​ | ​                                                 | ​ |         ​ | ​ | ​ |
| Total revenues                                                           | ​ | ​ | ​                                                 | $ |    43,742 | ​ | ​ |
| Total expenses                                                           | ​ | ​ | ​                                                 | $ |   112,697 | ​ | ​ |
| Net income (loss)                                                        | ​ | ​ | ​                                                 | $ |   -67,913 | ​ | ​ |
| Weighted average number of common shares outstanding – basic and diluted | ​ | ​ | ​                                                 | ​ | 7,701,962 | ​ | ​ |
| Earnings (loss) per common share                                         | ​ | ​ | ​                                                 | ​ |         ​ | ​ | ​ |
| Basic and diluted                                                        | ​ | ​ | ​                                                 | $ |     -8.80 | ​ | ​ |

| ​                                                                          
 ​                                                                          | ​ 
 ​ | ​ 
 ​ | Unaudited ProForma Combined 
 As ofDecember 31, 2024      |   |           |   | ​ 
 ​ |
|:---------------------------------------------------------------------------|:--|:--|:----------------------------|:--|----------:|:--|:--|
| ​                                                                          | ​ | ​ | -in thousands               |   |           |   | ​ |
| Balance Sheet Data                                                         | ​ | ​ | ​                           | ​ |         ​ | ​ | ​ |
| Cash and cash equivalents (including restricted cash and cash equivalents) | ​ | ​ | ​                           | $ |     9,084 | ​ | ​ |
| Total assets                                                               | ​ | ​ | ​                           | $ | 1,291,602 | ​ | ​ |
| Total liabilities                                                          | ​ | ​ | ​                           | $ | 1,118,301 | ​ | ​ |
| Total shareholders’ equity                                                 | ​ | ​ | ​                           | $ |   173,301 | ​ | ​ |

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TABLE OF CONTENTS

COMPARATIVE PER SHARE AND PER UNIT DATA OF MAIDEN, KESTREL AND THE PRO FORMA COMBINED COMPANY Presented below are Maiden’s historical per share data, which were derived from Maiden’s financial statements, Kestrel’s historical per unit data, which were