Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 2

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 2
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 7,700 Net realized and unrealized investment gains3,331 8,750 Total revenues14,049 28,904 ExpensesNet loss and loss adjustment expenses(7,623)11,625 Commission and other acquisition expenses4,558 5,593 General and administrative expenses10,773 8,060 Interest and amortization expenses4,818 4,815 Foreign exchange and other losses (gains)7,434 (2,053)Total expenses19,960 28,040 Net (loss) income before income taxes and interest in (loss) income of equity method investments(5,911)864 Less: income tax expense12 11 Interest in (loss) income of equity method investments(2,722)606 Net (loss) income$(8,645)$1,459 Basic and diluted (loss) earnings per share attributable to common shareholders$(0.09)$0.01 Weighted average number of common shares - basic and diluted99,120,644 100,457,125 

See accompanying notes to the unaudited Condensed Consolidated Financial Statements.

 4

MAIDEN HOLDINGS, LTD.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

(in thousands of U.S. dollars)

For the Three Months Ended March 31,20252024Net (loss) income$(8,645)$1,459 Other comprehensive income (loss)Net unrealized holdings gains on AFS fixed maturity investments729 1,018 Net unrealized gains on held for sale AFS fixed maturity investments23 — Adjustment for reclassification of net realized gains recognized in net (loss) income(3)— Foreign currency translation adjustment54 (1,736)Other comprehensive income (loss), before tax803 (718)Income tax expense related to components of other comprehensive income— (4)Other comprehensive income (loss), after tax803 (722)Comprehensive (loss) income$(7,842)$737 

See accompanying notes to the unaudited Condensed Consolidated Financial Statements.

 5

MAIDEN HOLDINGS, LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited)

(in thousands of U.S. dollars)

For the Three Months Ended March 31,20252024Common sharesBeginning balance$1,503