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Financials · MHLA

Maiden Holdings, Ltd. (MHLA) financials

For fiscal 2024 (ended Dec 31, 2024), Maiden Holdings, Ltd. reported $56.44M of revenue and -$200.97M of net income.

Revenue, FY2024
$56.44M
Revenue growth, YoY
-36.8%
Net income, FY2024
-$200.97M
Net margin
-356.1%
EPS, diluted, FY2024
-$2.01
Cash
$28.71M
Total debt
$254.80M
P/S
1.25
Market cap
$70.6M
Annual revenue$56.44M
FY2015FY2024
Annual net income-$200.97M
FY2015FY2024

MHLA revenue and earnings growth

MHLA revenueQ1 2025$14.05M

Quarter YoY
-51.4%
FY YoY
-36.8%
5Y CAGR
-37.2%
10Y CAGR
-31.2%

MHLA revenue was $14.05M in fiscal Q1 2025 (ended Mar 31, 2025), down 51.4% from a year earlier. For the full fiscal 2024 it was $56.44M, down 36.8% from fiscal 2023. Compound annual growth was -37.2% over 5 years and -31.2% over 10 years. It rose in 4 of the last 10 fiscal years.

MHLA net incomeQ1 2025-$8.64M

MHLA net income was -$8.64M in fiscal Q1 2025 (ended Mar 31, 2025), compared with $1.46M a year earlier. For the full fiscal 2024 it was -$200.97M, compared with -$38.57M in fiscal 2023.

MHLA EPSQ1 2025-$0.09

MHLA diluted EPS was -$0.09 in fiscal Q1 2025 (ended Mar 31, 2025), compared with $0.01 a year earlier. For the full fiscal 2024 it was -$2.01, compared with -$0.38 in fiscal 2023.

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Income statement

Income statement
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Revenue$56.44M$89.23M$58.13M$98.72M$184.12M$576.13M$2.16B$2.14B$2.05B$2.57B
Selling, general and admin$35.35M$30.80M$30.95M$36.02M$39.12M$47.22M$64.94M$53.00M$50.25M$64.87M
Pre-tax income-$199.91M-$38.37M-$60.60M$26.66M$41.66M-$110.27M-$449.85M-$154.41M$79.47M$126.32M
Income tax$1.05M$196.0K-$557.0K$15.0K-$104.0K-$911.0K$441.0K-$6.76M$413.0K$2.04M
Net income-$200.97M-$38.57M-$60.04M$26.64M$41.76M-$131.90M-$544.62M-$169.90M$48.98M$124.48M
EPS, basic-$2.01-$0.38$0.63$1.35$0.93-$1.59-$6.87-$2.32$0.20$1.36
EPS, diluted-$2.01-$0.38$0.63$1.35$0.93-$1.59-$6.87-$2.32$0.19$1.31
Diluted shares99.9M101.4M87.1M86.1M84.3M83.1M83.1M85.7M78.7M85.6M

Balance sheet

Balance sheet
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Cash and equivalents$25.65M$42.68M$46.62M$66.09M$135.83M$107.28M$200.84M$54.47M$41.28M$89.64M
Short-term investments$0$0$0$0$0$0$0$0$0$0
Goodwill------$0$57.19M$57.19M$58.94M
Total assets$1.32B$1.52B$1.85B$2.32B$2.95B$3.57B$5.29B$6.64B$6.25B$5.70B
Total debt$254.76M$254.60M$255.57M$255.35M$255.13M$254.91M$254.69M$254.48M$351.41M$349.93M
Total liabilities$1.27B$1.27B$1.56B$1.94B$2.42B$3.06B$4.73B$5.41B$4.89B$4.35B
Shareholders' equity$45.19M$249.16M$284.58M$384.26M$527.82M$507.72M$554.27M$1.23B$1.36B$1.35B

Cash flow

Cash flow
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Operating cash flow-$67.45M-$59.78M-$195.93M-$394.43M-$541.77M-$1.14B$182.29M$458.57M$470.12M$634.30M
Investing cash flow$77.74M$58.51M$188.79M$464.06M$596.04M$913.18M$32.90M-$359.86M-$578.06M-$750.68M
Financing cash flow-$3.73M-$3.02M-$10.98M-$138.90M-$30.13M-$18.0K-$68.03M-$60.42M-$76.78M$99.75M
Dividends paid-----$0$41.55M$51.63M$43.13M$38.20M
Share repurchases$3.73M$2.92M$1.01M$2.48M$1.0K$18.0K$873.0K$25.65M$470.0K$654.0K
Depreciation and amortization$233.0K$269.0K-$112.0K$8.22M$8.69M$7.82M$6.18M$8.39M$12.61M$9.72M

Key ratios

Key ratios
Line item
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
FY2015
Dec 31, 2015
Revenue growth, YoY-36.8%53.5%-41.1%-46.4%-68.0%-73.4%1.2%4.2%-20.3%8.1%
Net income growth, YoY----36.2%-----60.7%22.8%
EPS growth, YoY---53.3%45.2%-----85.5%26.0%
Net margin-356.1%-43.2%-103.3%27.0%22.7%-22.9%-25.2%-7.9%2.4%4.8%
Return on equity-444.7%-15.5%-21.1%6.9%7.9%-26.0%-98.3%-13.8%3.6%9.2%
Return on assets-15.3%-2.5%-3.3%1.1%1.4%-3.7%-10.3%-2.6%0.8%2.2%
Debt to equity5.641.020.900.660.480.500.460.210.260.26

Source: XBRL data Maiden Holdings, Ltd. files with the SEC, latest filing dated May 12, 2025 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MHLA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MHLA$56.44M-36.8%-$200.97M-356.1%$70.6M
CB$61.85B+5.7%$11.23B18.2%$138.87B
PGR$91.73B+7.7%$11.62B12.7%$131.82B
TRV$48.92B+1.1%$8.33B17.0%$80.99B
ALL$70.23B+5.1%$11.61B16.5%$62.80B
AIG$27.73B+1.2%$3.29B11.9%$41.28B
HIG$29.87B+9.2%$4.61B15.4%$36.06B
ACGL$18.78B-3.9%$4.38B23.3%$35.20B
CINF$13.28B+9.9%$2.66B20.1%$28.58B

MHLA FAQ

7 questions
  • What is MHLA revenue?
    Maiden Holdings, Ltd. (MHLA) reported $56.44M of revenue for fiscal 2024 (ended Dec 31, 2024). That is down 36.8% from the year before.
  • Is MHLA profitable?
    No. Maiden Holdings, Ltd. reported a net loss of $200.97M for fiscal 2024 (ended Dec 31, 2024).
  • How much cash and debt does MHLA have?
    Maiden Holdings, Ltd. reported $28.71M in cash and cash equivalents and $254.80M of debt on its most recent balance sheet in SEC filings.
  • How fast is MHLA revenue growing?
    Maiden Holdings, Ltd.'s revenue changed -36.8% in fiscal 2024, to $56.44M. Its compound annual growth rate was -37.2% over 5 years and -31.2% over 10 years.
  • What is MHLA earnings per share?
    Diluted earnings per share were -$2.01 for fiscal 2024 (ended Dec 31, 2024), from SEC filings, restated for any stock split those filings show.
  • When did MHLA last report financial results?
    The latest statements here come from Maiden Holdings, Ltd.'s 10-Q filed on May 12, 2025, covering the period ended Mar 31, 2025.
  • Where does this MHLA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Maiden Holdings, Ltd. files with the SEC. It is provided for information only and is not investment advice.