Maiden Holdings Ltd (OQ:MHLD)
Business Focus: Property & Casualty Reinsurance
| Sector: Financials | Industry: Reinsurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Ideation House 1st Floor, 94 Pitts Bay Road PEMBROKE HM 08 |
| Tel: | N/A |
| Website: | www.maiden.bm |
| IR: | See website |
| Key People | ||
| Lawrence F. Metz Executive Vice Chairman of the Board, Group President | Patrick J. Haveron Chief Executive Officer, Chief Financial Officer, Director | Mark O. Heintzman Senior Vice President - Finance | William T. Jarman Senior Vice President, Chief Actuary and Chief Risk Officer |
| Business Overview |
| Maiden Holdings, Ltd. is a Bermuda-based holding company. The Company is engaged in the ownership and management of businesses and assets in the insurance and related financial services industries. The Company also provides a range of legacy services to small insurance companies, particularly those in run-off or with blocks of reserves that are no longer core to those companies operations, working with clients to develop and implement finality solutions, including acquiring entire companies that enable its clients to meet their capital and risk management objectives. Its Diversified Reinsurance segment consists of a portfolio of predominantly property and casualty reinsurance businesses focusing on regional and specialty property and casualty insurance companies located primarily in Europe. Its AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. (Maiden Reinsurance) by AmTrust Financial Services, Inc. (AmTrust). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Maiden Holdings Ltd revenues increased 38% to $83.4M. Net loss applicable to common stockholders totaled $38.6M vs. income of $55.1M. Revenues reflect Investment Income - Gross - Insurance increase of 25% to $37.9M. Net loss reflects Foreign exchange and other losses (gains decrease from $8.3M (income) to $5.7M (expense). |
| Employees: | 45 as of Mar 7, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $518.79M as of Dec 31, 2023 |
| Annual revenue (TTM): | $83.37M as of Dec 31, 2023 |
| EBITDA (TTM): | -$8.65M as of Dec 31, 2023 |
| Net annual income (TTM): | -$38.57M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$59.78M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $219.19M as of Dec 31, 2023 |
| Shares outstanding: | 143,351,043 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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