Maiden Holdings, Ltd. MHLA

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived NYSE

Maiden Holdings, Ltd. (sometimes referred to as "Maiden Holdings" or "Parent Company") is a Bermuda-based holding company. Together with its subsidiaries (collectively referred to as the "Company", "we" or "Maiden"), Maiden creates shareholder value by actively managing and allocating our assets and capital, including through ownership and management of businesses and assets primarily in the insurance and related financial services industries where we can leverage our deep knowledge of those markets.

The Company does not presently underwrite prospective reinsurance risks. During 2024, the Company entered into a series of strategic transactions that, upon completion, it expects will substantially transform its operations which are described below.

Last close 9.01 2026-10-23
Market cap —
52-week range 8.25 - 15.25

Valuation FY2024 figures against the last close

P/S15.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-2.01

Annual financial statements

Income statement

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Revenue $56.4M$89.2M$58.1M$98.7M$184.1M$576.1M$2.16B$2.14B$2.05B$2.57B
SG&A $35.3M$30.8M$30.9M$36.0M$39.1M$47.2M$64.9M$53.0M$50.3M$64.9M
Total operating expenses $12.2M$12.8M$11.6M$10.3M$9.5M$11.8M$21.2M$19.0M$18.4M$38.3M
Pre-tax income -$199.9M-$38.4M-$60.6M$26.7M$41.7M-$110.3M-$449.9M-$154.4M$79.5M$126.3M
Income tax $1.1M$196.0K$557.0K$15.0K$104.0K$911.0K$441.0K$6.8M$413.0K$2.0M
Net income -$201.0M-$38.6M-$60.0M$26.6M$41.8M-$131.9M-$544.6M-$169.9M$49.0M$124.5M
EPS, basic -2.01-0.380.631.350.93—-6.87-2.320.201.36
EPS, diluted -2.01-0.380.631.350.93-1.59-6.87-2.320.191.31
Shares, diluted (wtd. avg.) 99.9M101.4M87.1M86.1M84.3M83.1M83.1M85.7M78.7M85.6M

Balance sheet

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Cash and equivalents $25.7M$35.4M$46.6M$66.1M$135.8M$107.3M$200.8M$54.5M$41.3M$89.6M
Short-term investments $0$0$0$0$0$0$0$0$0$0
Property, plant and equipment $770.0K$686.0K————————
Goodwill ——————$0$57.2M$57.2M$58.9M
Other intangibles ——————$0$18.4M$20.5M$23.0M
Total assets $1.32B$1.52B$1.85B$2.32B$2.95B$3.57B$5.29B$6.64B$6.25B$5.70B
Long-term debt $254.8M$254.6M$255.6M$255.3M$255.1M$254.9M$254.7M$254.5M$351.4M$349.9M
Total liabilities $1.27B$1.27B$1.56B$1.94B$2.42B$3.06B$4.73B$5.41B$4.89B$4.35B
Retained earnings -$687.9M-$486.9M-$442.9M-$498.3M-$615.8M-$695.8M-$563.9M$35.5M$285.7M$316.2M
Total equity $45.2M$249.2M$284.6M$384.3M$527.8M$507.7M$554.3M$1.23B$1.36B$1.35B

Cash flow

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Operating cash flow -$67.4M-$59.8M-$195.9M-$394.4M-$541.8M-$1.14B$182.3M$458.6M$470.1M$634.3M
Depreciation and amortisation $233.0K$269.0K-$112.0K$8.2M$8.7M$7.8M$6.2M$8.4M$12.6M$9.7M
Investing cash flow $77.7M$58.5M$188.8M$464.1M$596.0M$913.2M$32.9M-$359.9M-$578.1M-$750.7M
Financing cash flow -$3.7M-$3.0M-$11.0M-$138.9M-$30.1M-$18.0K-$68.0M-$60.4M-$76.8M$99.8M
Dividends paid —————$0$41.6M$51.6M$43.1M$38.2M
Buybacks $3.7M$2.9M$1.0M$2.5M$1.0K$18.0K$873.0K$25.7M$470.0K$654.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001412100-25-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2015: 2.6B Net income, FY2015: 124.5M Revenue, FY2016: 2.1B Net income, FY2016: 49M Revenue, FY2017: 2.1B Net income, FY2017: -169.9M Revenue, FY2018: 2.2B Net income, FY2018: -544.6M Revenue, FY2019: 576.1M Net income, FY2019: -131.9M Revenue, FY2020: 184.1M Net income, FY2020: 41.8M Revenue, FY2021: 98.7M Net income, FY2021: 26.6M Revenue, FY2022: 58.1M Net income, FY2022: -60M Revenue, FY2023: 89.2M Net income, FY2023: -38.6M Revenue, FY2024: 56.4M Net income, FY2024: -201M FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Fiscal year FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue $2.57B $2.05B $2.14B $2.16B $576.1M $184.1M $98.7M $58.1M $89.2M $56.4M
Gross profit — — — — — — — — — —
Net income $124.5M $49.0M -$169.9M -$544.6M -$131.9M $41.8M $26.6M -$60.0M -$38.6M -$201.0M

Recent filings and events

  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Change of control Control of the company has changed hands. Item 5.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Shareholder rights changed Item 3.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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