Maiden holdings, ltd. (MHLA)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets [Abstract]
Debt Securities, Available-for-sale

1,508

1,835

2,059

2,971

3,131

3,051

2,781

3,966

3,984

2,707

3,884

3,704

3,967

3,971

3,748

3,452

3,705

3,508

3,288

3,823

3,350

3,456

3,450

3,225

3,168

3,162

2,674

2,714

2,629

2,618

2,610

2,393

2,199

2,020

1,898

1,850

1,874

Fixed maturities, held-to-maturity, at amortized cost (fair value 2018 - $998,012)

-

-

0

0

0

1,015

1,032

1,039

1,071

1,097

1,118

1,132

750

752

759

761

607

607

608

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed maturities, trading, at fair value (Amortized cost 2011:$50,172)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

-

Other investments

34

31

30

28

24

23

22

5

6

6

7

15

13

13

12

11

13

11

11

12

11

12

11

11

5

5

5

4

3

2

2

2

2

2

2

1

5

Total investments

1,542

1,867

2,089

3,000

3,156

4,090

3,837

5,011

5,062

3,811

5,009

4,853

4,731

4,736

4,520

4,226

4,325

4,127

3,908

3,836

3,362

3,469

3,461

3,236

3,174

3,167

2,679

2,719

2,633

2,621

2,612

2,395

2,201

2,022

1,900

1,902

1,880

Cash and Cash Equivalents, at Carrying Value

60

48

39

82

89

200

94

72

73

54

182

246

83

45

67

127

85

89

117

57

168

108

52

70

72

139

131

89

103

81

66

58

183

188

146

198

96

Restricted cash and cash equivalents

117

59

33

381

42

130

169

154

87

94

131

190

109

103

366

378

145

242

315

251

473

284

220

221

151

77

269

96

127

132

115

84

89

114

96

67

89

Accrued investment income

19

18

19

22

27

27

29

34

36

28

35

35

36

36

33

32

33

32

30

29

25

27

26

26

25

25

23

21

21

21

21

18

14

13

11

12

14

Reinsurance balances receivable, net

14

12

46

67

72

67

161

467

548

72

479

499

615

410

535

554

598

377

492

600

636

512

516

672

675

560

554

685

726

522

449

495

508

423

372

379

226

Reinsurance recoverable on unpaid losses

620

623

615

-

-

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid reinsurance premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

31

-

49

48

38

38

43

44

35

35

39

37

28

Reinsurance recoverable on unpaid losses (includes $2,006 and $2,204 from related parties in 2018 and 2017, respectively)

-

-

-

-

-

-

-

109

114

-

140

87

108

99

97

90

83

71

93

91

79

75

82

100

83

84

97

101

118

110

29

46

25

20

12

15

6

Loan to related party

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

167

Deferred commission and other acquisition expenses (includes $61,439 and $68,433 from related parties in 2020 and 2019, respectively)

69

77

90

113

161

388

419

472

475

380

469

475

472

424

451

455

446

397

428

443

430

372

369

360

348

304

310

314

312

270

274

270

277

248

248

245

203

Funds withheld receivable (includes $649,516 and $632,305 from related parties in 2020 and 2019, respectively)

696

684

678

681

652

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

43

44

-

41

42

44

42

143

145

152

Goodwill and intangible assets, net

-

-

-

-

-

-

-

74

75

-

76

76

77

77

80

80

81

81

87

88

86

87

88

88

89

90

91

92

93

94

95

96

97

98

100

101

103

Other assets

12

9

11

15

14

10

41

152

116

131

145

157

153

148

147

157

151

115

114

98

76

57

73

46

48

96

28

25

30

76

30

30

19

19

17

19

12

Disposal Group, Including Discontinued Operation, Assets

-

-

0

66

177

103

1,615

-

-

1,901

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

3,321

3,568

3,791

4,598

4,563

5,287

6,536

6,718

6,757

6,644

6,839

6,791

6,556

6,252

6,467

6,270

6,119

5,703

5,756

5,664

5,507

5,164

5,059

5,020

4,868

4,713

4,449

4,405

4,417

4,138

3,949

3,752

3,668

3,395

3,256

3,293

2,982

LIABILITIES
Liability for Claims and Claims Adjustment Expense

2,249

2,439

2,625

3,051

2,980

3,126

2,851

3,653

3,616

2,386

3,365

3,110

2,991

2,896

2,759

2,636

2,572

2,510

2,538

2,459

2,331

2,271

2,157

2,104

2,035

1,957

1,926

1,844

1,779

1,740

1,547

1,522

1,460

1,398

1,325

1,279

1,226

Unearned premiums (includes $171,113 and $189,797 from related parties in 2020 and 2019, respectively)

197

220

261

322

455

1,200

1,298

1,603

1,629

1,230

1,601

1,644

1,670

1,475

1,571

1,583

1,571

1,354

1,439

1,483

1,437

1,207

1,231

1,224

1,218

1,034

1,089

1,129

1,134

936

976

974

994

832

845

841

657

Deferred gain on retroactive reinsurance

112

112

104

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for investments purchased

-

-

-

298

-

-

-

-

-

-

21

128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance balances payable, net (includes $116,176 and $50,975 from related parties in 2019 and 2018, respectively)

-

-

-

-

117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities (includes $11,170 and $20,049 from related parties in 2020 and 2019, respectively)

22

32

12

14

12

66

18

100

97

90

175

152

172

167

150

168

165

139

112

135

100

83

97

107

103

110

126

141

142

111

63

97

68

161

83

90

56

Liability for securities purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

-

-

-

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior notes - principal amount

262

262

262

262

262

262

262

262

262

262

262

262

362

362

362

362

360

360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: unamortized debt issuance costs

7

7

7

7

7

7

7

7

7

8

8

8

11

11

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less unamortized issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

11

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior notes, net

254

254

254

254

254

254

254

254

254

254

254

254

351

351

351

351

350

349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal Group, Including Discontinued Operation, Liabilities

-

-

0

66

159

85

1,339

-

-

1,449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities sold under agreements to repurchase, at contract value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

Senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

360

360

360

360

360

360

360

360

207

207

207

207

207

207

207

107

107

107

0

Junior subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

126

126

126

126

126

126

126

126

126

126

215

215

Total liabilities

2,836

3,060

3,258

4,007

3,979

4,732

5,763

5,611

5,598

5,411

5,417

5,290

5,186

4,891

4,911

4,740

4,659

4,354

4,534

4,438

4,229

3,922

3,845

3,797

3,717

3,589

3,475

3,449

3,390

3,122

2,920

2,928

2,857

2,626

2,488

2,533

2,232

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

EQUITY
Preference shares

465

465

465

465

465

465

465

465

465

465

465

465

315

315

315

480

480

480

315

315

315

315

315

315

315

315

150

150

150

150

150

-

-

0

-

-

-

Common shares ($0.01 par value; 88,983,171 and 88,161,638 shares issued in 2020 and 2019, respectively; 83,969,991 and 83,148,458 shares outstanding in 2020 and 2019, respectively)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

751

751

751

751

750

749

749

749

749

748

747

746

750

749

747

581

580

579

584

582

580

578

577

575

575

574

579

577

576

575

575

579

579

579

578

577

577

Accumulated other comprehensive (loss) income

-26

17

21

21

-0

-65

-116

-96

-62

13

46

35

15

14

123

118

69

-23

23

40

107

95

87

117

63

25

48

48

133

141

137

95

90

64

74

77

54

Accumulated deficit

-674

-695

-674

-615

-600

-563

-294

18

36

35

181

257

293

285

373

353

333

316

301

288

277

255

237

217

199

211

198

183

169

151

168

152

143

128

116

106

121

Treasury shares, at cost (5,013,180 shares in 2020 and 2019, respectively)

31

31

31

31

31

31

31

30

30

30

19

5

5

4

4

4

4

4

4

4

4

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

Total shareholders’ equity

484

507

533

590

584

554

772

1,105

1,157

1,232

1,421

1,500

1,369

1,360

1,555

1,529

1,459

1,347

1,220

1,223

1,277

1,240

1,213

1,222

1,150

1,123

973

956

1,026

1,015

1,027

824

810

768

767

759

750

Noncontrolling interests in subsidiaries

-

-

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

2

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

533

590

584

554

773

1,106

1,158

1,232

1,421

1,500

1,370

1,361

1,556

1,530

1,460

1,349

1,221

1,225

1,277

1,241

1,214

1,223

1,150

1,124

973

956

1,026

1,015

1,028

824

810

768

767

759

750

Total liabilities and equity

3,321

3,568

3,791

4,598

4,563

5,287

6,536

6,718

6,757

6,644

6,839

6,791

6,556

6,252

6,467

6,270

6,119

5,703

5,756

5,664

5,507

5,164

5,059

5,020

4,868

4,713

4,449

4,405

4,417

4,138

3,949

3,752

3,668

3,395

3,256

3,293

2,982