Logotype for Maiden Holdings Ltd

Maiden Holdings (MHLD) investor relations material

Maiden Holdings Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Maiden Holdings Ltd
Q4 2024 earnings summary9 Mar, 2025

Executive summary

  • Entered into a combination agreement with Kestrel Group to form a new specialty program group and agreed to sell Swedish subsidiaries, targeting completion in Q2 2025.

  • Strategic transactions support a pivot to a fee-based insurance platform and balance sheet stabilization.

  • Comprehensive reserve review and significant charges in Q4 2024 aimed at increasing confidence in the balance sheet.

Financial highlights

  • Book value per common share fell 81.5% to $0.46; adjusted book value per share down 52.4% to $1.52 at year-end 2024.

  • Net loss attributable to common shareholders was $158.0M ($1.59/share) in Q4 2024 and $201.0M ($2.01/share) for the year, compared to $20.8M and $38.6M losses in 2023.

  • Adjusted non-GAAP operating loss was $151.9M ($1.53/share) in Q4 2024 and $173.9M ($1.74/share) for the year.

  • Underwriting loss of $161.3M in Q4 2024 (vs. $21.1M in Q4 2023), driven by $129.4M adverse prior year loss development.

  • Investment results decreased to $4.1M in Q4 2024 from $14.6M in Q4 2023, reflecting alternative investment sales and lower income from restricted cash.

Outlook and guidance

  • Management expects the Kestrel combination and IIS divestiture to support a strategic pivot and enhance balance sheet stability.

  • Amortization of deferred gain under the LPT/ADC Agreement is expected to increase in 2025, improving future GAAP income.

  • No new commitments to alternative investments are planned; further reductions in the portfolio are being evaluated.

Kestrel: Detail revenue model's balance sheet impact
AmTrust: Uncovered liabilities finality solutions?
Alternative investments: Timeline for further reduction?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Maiden Holdings, Ltd. is a company that primarily operates in the insurance and financial services sectors, focusing on asset and capital management. Maiden Holdings provides a broad range of legacy services to smaller insurance companies, especially those with blocks of reserves that are no longer central to their operations. This includes offering finality solutions and acquiring entire companies to help clients meet capital and risk management objectives. The company is headquartered in Pembroke, Bermuda, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage