Maiden Holdings Q3 net loss narrows to $3.5M; adverse development persists

Maiden Holdings, Ltd.

2023-Q3 EPS reported -$0.18 revenue$64,028,000

Net loss of $3.5M ($0.03 per share) in Q3 2023, improved from $8.2M loss ($0.09) in Q3 2022.
Non-GAAP operating loss of $11.7M ($0.12) vs $21.1M ($0.24) prior year.
Book value per share $2.60 at Sept 30, 2023, down from $2.80 at Dec 31, 2022.
Adverse prior year loss development of $7.8M, primarily from European Hospital Liability segment.
Repurchased 520,475 shares in Q3 at avg $1.86; subsequent repurchase of 226,250 shares at $1.67.

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 three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, the Company issued a press release announcing its results of operations for the three and nine months ended September 30, 2023.

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Maiden Holdings, Ltd. filing history →

Source: SEC EDGAR

accession 0001412100-23-000096

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