earnings
confidence high
sentiment negative
materiality 0.70
Maiden Holdings Q1 net loss $8.6M; shareholder-approved Kestrel deal targets Q2 close
Maiden Holdings, Ltd.
2025-Q1 EPS reported
-$0.09
revenue$14,049,000
- Net loss of $8.6M ($0.09 diluted EPS) vs net income of $1.5M in Q1 2024.
- Book value per share fell 17.4% to $0.38; adjusted book value per share $1.42.
- Underwriting income of $7.5M vs loss of $7.5M a year ago, due to favorable prior year development.
- Shareholders approved Kestrel combination; sale of Swedish subs expected Q2 2025.
- Investment income dropped to $3.6M from $17.1M; foreign exchange losses of $7.4M.