Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 33

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 33
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 Sheet at March 31, 2025. Please see further information on the Exchange in the Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 10, 2025. The table below includes the total number of treasury shares outstanding at March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024Number of shares held by Maiden Reinsurance treated as treasury shares44,750,67844,750,678Number of treasury shares due to common share repurchases by Maiden Holdings6,876,7456,508,867Total number of treasury shares at the end of the reporting period51,627,42351,259,545c)AOCIThe following tables set forth financial information regarding the changes in the balances of each component of AOCI:For the Three Months Ended March 31, 2025Change in net unrealized gains on investmentForeign currency translationTotalBeginning balance$(4,628)$(28,105)$(32,733)Net current period other comprehensive income749 54 803 Ending balance, Maiden shareholders$(3,879)$(28,051)$(31,930)For the Three Months Ended March 31, 2024Change in net unrealized gains on investmentForeign currency translationTotalBeginning balance$(7,784)$(23,685)$(31,469)Net current period other comprehensive income (loss)1,014 (1,736)(722)Ending balance, Maiden shareholders$(6,770)$(25,421)$(32,191)

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MAIDEN HOLDINGS, LTD. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(in thousands of U.S. dollars, except share and per share data)

7. Long-Term Debt

Senior NotesAt March 31, 2025 and December 31, 2024, Maiden Holdings had outstanding publicly-traded senior notes which were issued in 2016 ("2016 Senior Notes") and its wholly owned subsidiary, Maiden Holdings North America, Ltd. ("Maiden NA") had outstanding publicly-traded senior notes which were issued in 2013 ("2013 Senior Notes") (collectively "Senior Notes"). The 2013 Senior Notes issued by Maiden NA are fully and unconditionally guaranteed by Maiden Holdings. The Senior Notes are unsecured and unsubordinated obligations of the Company.