Maiden Holdings Q2 net loss $2.9M; adjusted book value $3.22; net investment income up 37%

Maiden Holdings, Ltd.

2023-Q2 EPS reported -$0.14 revenue$42,273,000

Net loss $2.9M ($0.03 EPS) vs net income $25.8M ($0.29 EPS) in Q2 2022; prior year included $24.7M gain from preference share repurchases.
Non-GAAP operating income $4.5M ($0.04) vs $16.6M ($0.19) in Q2 2022.
Underwriting loss $9.3M vs $5.1M in Q2 2022; adverse prior year loss development $4.5M.
Net investment income $10.5M, up 37.2% YoY; annualized book yield 4.2% vs 2.0%.
Book value $2.65/share at June 30, adjusted book value $3.22; repurchased 299,630 common shares at avg $2.07.

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 0.9

Maiden Holdings, Ltd. reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 8, 2023, the Company issued a press release announcing its results of operations for the three and six months ended June 30, 2023.

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Maiden Holdings, Ltd. filing history →

Source: SEC EDGAR

accession 0001412100-23-000085

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