earnings
confidence high
sentiment neutral
materiality 0.60
Maiden Holdings Q3 net income $2.9M; book value $2.50 per share
Maiden Holdings, Ltd.
2021-Q3 EPS reported
$1.17
revenue$73,661,000
- Net income $2.9M ($0.03 diluted EPS); non-GAAP operating loss $3.1M ($0.04 diluted).
- Book value per common share $2.50 at Sep 30, 2021 (vs $1.57 at Dec 31, 2020); adjusted $3.16.
- Preference share repurchases generated $6.0M Q3 gain and $87.2M YTD; $17.3M authorization remaining.
- Underwriting loss $3.6M vs income $3.4M YoY; favorable prior-year development $5.4M (vs $7.2M).
- Genesis Legacy Solutions completed first LPT/ADC transaction; pipeline described as robust.