earnings
confidence high
sentiment neutral
materiality 0.70
Maiden Holdings Q2 2021 net income $26.8M ($0.31/sh) vs $9.2M; book value $2.58
Maiden Holdings, Ltd.
2021-Q2 EPS reported
$1.14
revenue$51,953,000
- GAAP net income of $26.8M ($0.31 diluted EPS) in Q2 2021, up from $9.2M ($0.11) in Q2 2020.
- Non-GAAP operating earnings of $13.9M ($0.16/sh) vs $1.2M ($0.01) in prior year.
- Book value per common share rose to $2.58 at June 30, 2021 from $1.57 at Dec 31, 2020.
- Gain from repurchase of preference shares totaled $18.7M in Q2 and $81.2M in H1 2021.
- Underwriting income of $8.5M vs prior-year loss of $0.017M, driven by $12.8M favorable prior-year loss development on AmTrust contracts.