MARKETS / NYSE / MHLA

NYSE · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Maiden Holdings, Ltd. MHLA

16 fiscal years on record · USD · FY2024 reported · SEC filings only

Revenue

$56.4M

▼ 36.8% YoY

Net income

$-201.0M

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

Compound annual growth

Revenue

−17.0%

−37.2%

−31.2%

−17.3%

Dividend / share

−12.9%

−1.6%

Returned to shareholders

+14.6%

+190.7%

−19.3%

−9.3%

3 yrs

5 yrs

10 yrs

15 yrs

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

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%

ROE

FY2024 · ROE -136.5%

Gross margin—

Operating margin-354.2%

Net margin-356.1%

Return on assets-14.2%

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

Net buybacks $M Dividends $M

FY2024 · Dividends — · Net buybacks 3.7

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.1	0.1	0.1	0.1	0.2	0.6	2.2	2.1	2.1	2.6	2.4	2.1	1.9	1.6	1.2	1.0
Operating income $B	−0.2	−0.0	−0.1	0.0	0.0	−0.1	−0.4	−0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.1	·
EBITDA $B	−0.2	−0.0	−0.1	0.0	0.1	−0.1	−0.4	−0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	·
Income tax $B	0.0	0.0	−0.0	0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	−0.2	−0.0	−0.1	0.0	0.0	−0.1	−0.5	−0.2	0.0	0.1	0.1	0.1	0.1	0.0	0.1	0.1
Free cash flow $B	·	·	·	·	·	·	·	·	·	·	·	·	0.3	0.2	0.1	0.0
EPS, diluted $	−2.01	−0.38	0.63	1.35	0.93	−1.59	−6.87	−2.32	0.19	1.31	1.04	1.18	0.64	0.39	0.98	0.87
Dividend / sh $	·	·	·	·	·	·	0.35	0.60	0.57	0.53	0.46	0.38	0.33	0.30	0.27	0.25
Payout %	·	·	·	·	·	−0	−8	−30	88	31	32	19	59	73	26	26
ROE %	−136.5	−14.5	−18.0	5.8	8.1	−24.8	−61.0	−13.1	3.6	9.6	8.6	9.6	5.6	3.8	9.3	·
Shares out B	0.10	0.10	0.10	0.09	0.08	0.08	0.08	0.08	0.09	0.07	0.07	0.07	0.07	0.07	0.07	0.07

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

Provenance

Company facts, as filed

How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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