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
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.
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