Maiden Holdings, Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 15, 2021 at 04:20 pm
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Maiden Holdings, Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 39.685 million compared to USD 60.142 million a year ago. Net income was USD 9.527 million compared to net loss of USD 21.527 million a year ago. Basic earnings per share was USD 0.56 compared to basic loss per share of USD 0.26 a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to basic loss per share from continuing operations of USD 0.25 a year ago. For the full year, total revenue was USD 184.123 million compared to USD 576.135 million a year ago. Net income was USD 41.762 million compared to net loss of USD 131.903 million a year ago. Basic earnings per share was USD 0.93 compared to basic loss per share of USD 1.59 a year ago. Basic earnings per share from continuing operations was USD 0.93 compared to basic loss per share from continuing operations of USD 1.32 a year ago.
Maiden Holdings, Ltd. is a Bermuda-based holding company. The Company is engaged in the ownership and management of businesses and assets in the insurance and related financial services industries. The Company also provides a range of legacy services to small insurance companies, particularly those in run-off or with blocks of reserves that are no longer core to those companies operations, working with clients to develop and implement finality solutions, including acquiring entire companies that enable its clients to meet their capital and risk management objectives. Its Diversified Reinsurance segment consists of a portfolio of predominantly property and casualty reinsurance businesses focusing on regional and specialty property and casualty insurance companies located primarily in Europe. Its AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. (Maiden Reinsurance) by AmTrust Financial Services, Inc. (AmTrust).
MAIDEN HOLDINGS, LTD. 