Skip to content
ESPT
MARKETS / NYSE / Financials / Insurance / MHLA
NYSE · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Maiden Holdings, Ltd. MHLA

16 fiscal years on record · USD · FY2024 reported · SEC filings only
$56.4M
▼ 36.8% YoY
$-201.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Maiden Holdings, Ltd. is a Bermuda-based holding company that, together with its subsidiaries, creates shareholder value by actively managing and allocating its assets and capital, including through ownership and management of businesses and assets primarily in the insurance and related financial services industries. Short-term income protection business is written on a primary basis by its wholly owned subsidiaries Maiden Life Försäkrings AB and Maiden General Försäkrings AB in the Scandinavian and Northern European markets. The company also has various historic reinsurance programs underwritten by Maiden Reinsurance which are in run-off, including the liabilities associated with AmTrust Financial Services, Inc. reinsurance agreements which were terminated in 2019. On March 3, 2025, the company had approximately 42 full-time and part-time employees who are located in Bermuda, the U.S., the U.K., Germany, Ireland and Sweden.

Written from the business description in Maiden Holdings, Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2025. Every sentence was checked against that document before publication.

Growth

USD 56.4M
Revenue, FY2024 · full 16-year series below
Revenue $B Net income $B
FY2024 · Revenue 0.1 · Net income -0.2
1.0B2.0B-0.2B-0.4B
200920122015201820212024
Compound annual growth
−17.0%
−37.2%
−31.2%
−17.3%
−12.9%
−1.6%
+14.6%
+190.7%
−19.3%
−9.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −37.2% a year over the five years to FY2024.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−356 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -354.2% · Net -356.1%
-100%-200%-300%
200920162024
ROE
FY2024 · ROE -136.5%
5000%
200920162024
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin-354.2%
Net margin-356.1%
EBITDAUSD -199.7M

Each USD of equity lost 137 cents this year.

Cash & shareholders

USD 3.7M
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2012 · FCF 318.7
150M300M
200920162024
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks 3.7
30M60MDividendsNet buybacks
200920112013201520172019202120232024
Dividends paid·
Net buybacksUSD 3.7M
Share of profit-1.9%
Consecutive raises·

USD 3.7M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.3B
EquityUSD 45.2M
CashUSD 25.7M
Gross debtUSD 254.8M
Net debtUSD 229.1M

Net debt stands at 507% of equity.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MHLA, 16-year financial record
Metric 2024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.20.62.22.12.12.62.42.11.91.61.21.0
Operating income $B−0.2−0.0−0.10.00.0−0.1−0.4−0.20.10.10.10.10.10.00.1◌
EBITDA $B−0.2−0.0−0.10.00.1−0.1−0.4−0.10.10.10.10.10.10.00.1◌
Income tax $B0.00.0−0.00.0−0.0−0.00.0−0.00.00.00.00.00.00.00.00.0
Net income $B−0.2−0.0−0.10.00.0−0.1−0.5−0.20.00.10.10.10.10.00.10.1
Free cash flow $B◌◌◌◌◌◌◌◌◌◌◌◌0.30.20.10.0
EPS, diluted $−2.01−0.380.631.350.93−1.59−6.87−2.320.191.311.041.180.640.390.980.87
Dividend / sh $◌◌◌◌◌◌0.350.600.570.530.460.380.330.300.270.25
Payout %—————−0−8−308831321959732626
ROE %−136.5−14.5−18.05.88.1−24.8−61.0−13.13.69.68.69.65.63.818.68563.5
Shares out B0.100.100.100.090.080.080.080.080.090.070.070.070.070.070.070.07

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

Share this section

Download image