Maiden reports Q3 net loss $8.2M; announces preference share exchange

Maiden Holdings, Ltd.

2022-Q3 EPS reported $0.22 revenue$48,423,000

Net loss $8.2M ($0.09 per share) vs net income $2.9M ($0.03) in Q3 2021; underwriting loss $12.6M.
Exchange all outstanding preference shares for 3 common shares each; closes by Dec 31, 2022; adds ~$0.82 to book value.
Book value per share $2.38 at Sep 30, 2022 (adjusted $2.79); unrealized losses on fixed income $0.17 per share.
Commutated French Hospital Liability reserves with AmTrust for $31.3M; exit cost $3.7M.
Non-GAAP operating loss $21.1M ($0.24) vs loss $3.1M ($0.04) year ago.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Maiden Holdings, Ltd. reported financial results for three and nine months ended September 30, 2022.

Period: three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 9, 2022, the Company issued a press release announcing its results of operations for the three and nine months ended September 30, 2022.

View on SEC.gov

50 earnings releases filed in the last 30 days. Browse all earnings releases →

Maiden Holdings, Ltd. filing history →

Source: SEC EDGAR

accession 0001412100-22-000073

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.