---
schema_version: "secwatch.filing_event.v1"
accession: "0001412100-23-000029"
form_type: "8-K"
ticker: "MHLA"
cik: "0001412100"
company_name: "Maiden Holdings, Ltd."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T01:52:57.514175+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Maiden Holdings Reports Q4 2022 Net Income of $36.2M, Driven by $87.2M Gain from Preference Share Exchange

## Summary
- Net income attributable to common shareholders was $36.2 million for Q4 2022, compared to $16.2 million in Q4 2021.
- Non-GAAP operating earnings reached $63.4 million ($0.72 per diluted share) in Q4 2022, up from $2.3 million a year earlier.
- Book value per common share increased to $2.80 at December 31, 2022 from $2.60 at December 31, 2021.
- Exchange of preference shares for common shares generated a $87.2 million gain and simplified the balance sheet.
- Underwriting loss of $35.5 million in Q4 2022 was driven by adverse prior-year loss development of $38.1 million, primarily in AmTrust Reinsurance and GLS segments.

## SEC filing metadata
- accession: 0001412100-23-000029
- form_type: 8-K
- ticker: MHLA
- cik: 0001412100
- company_name: Maiden Holdings, Ltd.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1412100/000141210023000029/0001412100-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1412100/000141210023000029/mhld-20230315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001412100-23-000029
- JSON: https://secwatch.observer/filing/0001412100-23-000029.json
- Plain text: https://secwatch.observer/filing/0001412100-23-000029.txt

## Key facts
- Earnings Releases
  Maiden Holdings, Ltd. reported financial results for three and twelve months ended December 31, 2022.
  - Period: three and twelve months ended December 31, 2022
  - Result: reported results
  source text: On March 15, 2023, the Company issued a press release announcing its results of operations for the three and twelve months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1412100/000141210023000029/0001412100-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.