---
schema_version: "secwatch.filing_event.v1"
accession: "0001412100-25-000010"
form_type: "8-K"
ticker: "MHLA"
cik: "0001412100"
company_name: "Maiden Holdings, Ltd."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:03:10.563769+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Maiden Holdings reports Q4 net loss $158M ($1.59/share); book value falls 81.5%

## Summary
- 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.

## SEC filing metadata
- accession: 0001412100-25-000010
- form_type: 8-K
- ticker: MHLA
- cik: 0001412100
- company_name: Maiden Holdings, Ltd.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1412100/000141210025000010/0001412100-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1412100/000141210025000010/mhld-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001412100-25-000010
- JSON: https://secwatch.observer/filing/0001412100-25-000010.json
- Plain text: https://secwatch.observer/filing/0001412100-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.