earnings
confidence high
sentiment negative
materiality 0.85
Maiden Holdings reports Q4 net loss $158M ($1.59/share); book value falls 81.5%
Maiden Holdings, Ltd.
- Net loss of $158.0M ($1.59 diluted EPS) vs $20.8M loss in Q4 2023; underwriting loss $161.3M.
- Adverse PPD of $129.4M in Q4 2024, with $42M recoverable under LPT/ADC; deferred gain $105M.
- Entered Kestrel combination and sale of Swedish subsidiaries; both expected to close Q2 2025.
- Book value per share $0.46, down 81.5% YoY; adjusted book value $1.52, down 52.4%.
- Suspended share repurchases after buying 383,355 shares at $1.57 avg in Q4 2024.