---
schema_version: "secwatch.filing_event.v1"
accession: "0001412100-25-000042"
form_type: "8-K"
ticker: "MHLA"
cik: "0001412100"
company_name: "Maiden Holdings, Ltd."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:19:06.248743+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Maiden Holdings Q1 net loss $8.6M; shareholder-approved Kestrel deal targets Q2 close

## Summary
- 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.

## SEC filing metadata
- accession: 0001412100-25-000042
- form_type: 8-K
- ticker: MHLA
- cik: 0001412100
- company_name: Maiden Holdings, Ltd.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1412100/000141210025000042/0001412100-25-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1412100/000141210025000042/mhld-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001412100-25-000042
- JSON: https://secwatch.observer/filing/0001412100-25-000042.json
- Plain text: https://secwatch.observer/filing/0001412100-25-000042.txt

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