Mount Logan Capital Inc. (E:MLC*CA)

Business Focus: Investment Management

Sector:  Financials Industry:  Investment Management & Fund Operators
 
Company Contact
Address: 365 Bay St Suite 800
TORONTO ON M5H 2V1
Tel: N/A
Website: https://www.mountlogancapital.ca
IR: See website
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Key People
Edward Goldthorpe
Chairman of the Board, Chief Executive Officer
Matthias Ederer
Co-President
Henry Han-Wei Wang
Co-President
Jason T. Roos
Chief Financial Officer, Company Secretary
   
Business Overview
Mount Logan Capital Inc. is a Canada-based alternative asset management and insurance solutions company. The Company's segments include asset management and insurance. The Company is focused on public and private debt securities in the North American market and the reinsurance of annuity products primarily through its wholly owned subsidiaries, Mount Logan Management LLC, and Ability Insurance Company. The Company also sources, evaluates, underwrites, manages, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. The Company's insurance business is operated by Ability Insurance Company.
Financial Overview
For the fiscal year ended 31 December 2023, Mount Logan Capital Inc revenues decreased 74% to $76.2M. Net loss totaled $16.5M vs. income of $48.3M. Revenues reflect decrease in net premium earned. Net loss reflects General, administrative and other increase of 74% to $13.1M (expense), Transaction costs increase from $185K to $3.7M (expense). Dividend per share remained flat at $0.06.
Employees: 21 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $32.28M as of Dec 31, 2023
Annual revenue (TTM): $104.92M as of Dec 31, 2023
EBITDA (TTM): -$44.88M as of Dec 31, 2023
Net annual income (TTM): -$22.65M as of Dec 31, 2023
Free cash flow (TTM): $138.38M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,733,735 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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