Mount Logan Capital Inc. MLCI
Formed in 2018, we are a publicly traded, alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through our wholly-owned subsidiaries Mount Logan Management LLC ("ML Management") and Ability Insurance Company, a Nebraska domiciled insurer ("Ability"), respectively. We also actively source, evaluate, underwrite, manage, monitor and primarily invest 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. We conduct our business primarily in the United States through our two business segments: Asset Management and Insurance Solutions.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Insurance Solutions
- Asset Management
| Segment | FY2025 | FY2024 |
|---|---|---|
| Insurance Solutions | $40.6M | $34.8M |
| Asset Management | $13.0M | $15.0M |
As the company reported it, from the “Segments - Reconciliation of Segment Revenue to Consolidated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $53.6M | $49.8M | — |
| Total operating expenses | $120.6M | $59.6M | — |
| Pre-tax income | -$58.5M | -$9.8M | — |
| Net income | -$60.8M | -$10.4M | — |
| EPS, basic | -7.08 | -1.70 | — |
| EPS, diluted | -7.08 | -1.70 | — |
| Shares, diluted (wtd. avg.) | 8.6M | 6.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Goodwill | $30.2M | $55.7M | — |
| Other intangibles | $2.8M | — | — |
| Total assets | $1.60B | $1.56B | — |
| Long-term debt | $76.2M | — | — |
| Total liabilities | $1.51B | $1.46B | — |
| Retained earnings | -$120.7M | -$58.3M | — |
| Total equity | $91.0M | $104.1M | $105.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$22.2M | -$37.8M | — |
| Stock-based compensation | $2.0M | $468.0K | — |
| Investing cash flow | $50.9M | -$26.5M | — |
| Financing cash flow | $13.3M | $75.7M | — |
| Dividends paid | $1.6M | $1.5M | $383.0K |
| Buybacks | $1.4M | $0 | — |
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 0002051820-26-000039.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $49.8M | $53.6M |
| Gross profit | — | — | — |
| Net income | — | -$10.4M | -$60.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- 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
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Results announced 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
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
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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| IVZ | Invesco Ltd. | $12.39B | — | 5.1% |