earnings
confidence high
sentiment negative
materiality 0.70
Maiden Holdings Q4 net loss $20.8M; adj book value rises to $3.19
Maiden Holdings, Ltd.
- Net loss $20.8M ($0.21/diluted share) for Q4; full-year net loss $38.6M.
- Adjusted non-GAAP operating loss $1.5M ($0.02) for Q4; $7.3M for full year.
- Investment income $53.1M in 2023, up from $24.7M; alternative portfolio returned 8.0%.
- Deferred gain on LPT/ADC Agreement $70.9M; recoveries expected to begin before end of 2024.
- Repurchased 619,470 common shares in Q4; adjusted book value $3.19 per share.