earnings
confidence high
sentiment neutral
materiality 0.70
Maiden Q2 net income $25.8M ($0.29 EPS); book value $2.62, up from $2.60
Maiden Holdings, Ltd.
2022-Q2 EPS reported
$0.31
revenue$30,739,000
- Net income available to common shareholders $25.8M ($0.29 diluted EPS) vs $26.8M ($0.31) in Q2 2021.
- Non-GAAP operating earnings $16.6M ($0.19) vs $13.9M ($0.16); book value per common share $2.62.
- Underwriting loss of $5.1M vs underwriting income of $8.5M; adverse prior year development $1.0M vs favorable $12.8M.
- Gain from repurchase of preference shares $24.7M in Q2 vs $18.7M; remaining authorization $3.9M.
- Operating expenses down 18.1% YoY; net deferred tax assets of $1.27/share remain fully reserved.