Maiden Holdings, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 04:07 pm
Share
Maiden Holdings, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 21.71 million compared to USD 40.58 million a year ago. Net loss was USD 3.14 million compared to net income of USD 2.16 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago.
For the nine months, revenue was USD 73.66 million compared to USD 144.44 million a year ago. Net income was USD 14.26 million compared to USD 32.24 million a year ago. Basic earnings per share from continuing operations was USD 1.17 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 0.38 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).