MHLA · XBRL financial data

Maiden Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (MHLA's year ends in late December)

In millions of dollars	FY 2019Dec 31, 2019	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024
Revenue	576	184	99	58	89	56
General and administrative	47	39	36	31	31	35
Total operating expenses	12	9	10	12	13	12
Other operating income (expense)	—	—	—	—	0	(24)
Interest expense	19	19	19	19	—	—
Income tax expense (benefit)	(1)	(0)	0	(1)	0	1
Net income (loss)	(132)	42	27	(60)	(39)	(201)
Earnings per share, basic USD per share	—	0.93	1.35	0.63	(0.38)	(2.01)
Earnings per share, diluted USD per share	—	0.93	1.35	0.63	(0.38)	(2.01)
Weighted average shares, basic millions of shares	83	84	86	87	101	100
Weighted average shares, diluted millions of shares	83	84	86	87	101	100

Fiscal years (MHLA's year ends in late December)

In millions of dollars	FY 2019Dec 31, 2019	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024
Cash and cash equivalents	48	74	27	31	35	26
Short-term investments	0	0	0	0	0	0
Property and equipment, net	—	—	—	—	1	1
Right-of-use asset	2	2	0	0	0	1
Total assets	3,568	2,948	2,323	1,847	1,519	1,316
Total liabilities	3,060	2,421	1,938	1,562	1,270	1,271
Accumulated deficit	(696)	(616)	(498)	(443)	(487)	(688)
Total stockholders' equity	508	528	384	285	249	45
Total liabilities and equity	3,568	2,948	2,323	1,847	1,519	1,316
Common shares outstanding (cover page) millions of shares	83	86	86	102	100	99

Fiscal years (MHLA's year ends in late December)

In millions of dollars	FY 2019Dec 31, 2019	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024
Net income (loss)	(132)	42	27	(60)	(39)	(201)
Depreciation and amortization	—	—	—	—	0	0
Net cash from operating activities	(1,143)	(542)	(394)	(196)	(60)	(67)
Net cash from investing activities	913	596	464	189	59	78
Proceeds from issuing common stock	0	—	—	—	—	—
Share repurchases	0	0	2	1	3	4
Dividends paid	0	—	—	—	—	—
Net cash from financing activities	(0)	(30)	(139)	(11)	(3)	(4)
Net change in cash	(230)	29	(70)	(19)	(4)	5

SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Maiden Holdings	29	14	(21)	99.7M	1.4 quarters	Q1 FY25 10-QMar 31, 2025
American Integrity Insurance Group	288	115	123*	19.6M	—	Q2 FY26 10-QJun 30, 2026
Ategrity Specialty Insurance Co Holdings	33	148	39*	47.9M	—	Q2 FY26 10-QJun 30, 2026
Kingstone Companies	17	66	29*	14.5M	—	Q2 FY26 10-QJun 30, 2026
KINGSWAY	7.4	39	1.2*	28.9M	—	Q2 FY26 10-QJun 30, 2026
Global Indemnity Group	98	116	(16)*	not reported	6.2 quarters	Q2 FY26 10-QJun 30, 2026
James River Group Holdings	196	161	(5.1)*	46.2M	58.3 quarters	Q2 FY26 10-QJun 30, 2026
Kestrel Group	16	6.7	(26)*	7.8M	0.6 quarters	Q2 FY26 10-QJun 30, 2026
NI Holdings	52	70	0.9*	20.4M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.