Maiden Holdings reports Q3 net loss of $34.5M; book value per share down 15.7%

Maiden Holdings, Ltd.

2024-Q3 EPS reported -$0.43 revenue$63,868,000

Net loss $34.5M ($0.35 diluted EPS) vs $3.5M loss in Q3 2023; adjusted operating loss $18.7M.
Book value per share fell 15.7% to $2.09; adjusted book value down 6.6% to $2.98.
Alternative investments portfolio reduced 24.8% in Q3 as part of balance sheet repositioning.
Deferred gain on LPT/ADC rose to $88.0M; recoveries expected to begin in Q4 2024.
CEO warns potential significant charges from pursuing finality solutions for AmTrust liabilities.

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