Maiden holdings, ltd. (MHLD)
Income statement / TTM
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'11Mar'11Sep'10Jun'10
Revenues
Gross premiums written

44

-528

-134

313

833

2,017

1,635

1,594

1,777

2,078

1,901

2,165

2,148

2,089

2,785

2,706

2,692

2,662

2,739

2,733

2,619

2,507

2,367

2,236

2,211

2,204

2,206

2,192

2,102

2,000

1,965

1,937

1,955

1,812

1,674

1,557

0

0

0

Net premiums written

40

-531

-137

308

830

2,014

1,646

1,596

1,759

2,037

1,851

2,109

2,075

1,967

2,622

2,530

2,509

2,514

2,627

2,633

2,545

2,458

2,302

2,160

2,117

2,096

2,093

2,085

1,999

1,901

1,867

1,839

1,864

1,723

1,588

1,472

0

0

0

Change in unearned premiums

255

979

1,034

1,013

862

11

9

-3

40

-44

0

-16

-56

-42

-86

-34

-42

-85

-174

-246

-235

-206

-167

-109

-85

-95

-104

-155

-145

-97

-124

-126

-220

-171

-144

-165

0

0

0

Premiums Earned, Net

295

447

896

1,322

1,692

2,026

1,656

1,593

1,799

1,992

1,851

2,092

2,019

1,925

2,535

2,495

2,467

2,429

2,453

2,387

2,309

2,251

2,134

2,050

2,031

2,000

1,989

1,929

1,853

1,803

1,742

1,713

1,644

1,552

1,444

1,307

0

0

0

Other insurance revenue

2

2

4

5

6

9

9

10

9

9

9

9

9

10

10

10

11

11

12

12

13

13

13

14

14

14

14

13

13

12

10

12

12

12

0

0

0

-

-

Investment Income, Net

83

97

111

132

135

136

112

108

114

124

115

119

114

108

142

139

139

131

128

124

117

117

110

104

97

91

87

85

84

81

77

74

74

74

75

75

0

0

0

Gain (Loss) on Investments

49

27

24

11

-12

-1

3

9

11

12

10

6

5

6

4

3

3

2

2

1

1

1

0

1

0

3

4

6

3

1

3

-1

1

0

-0

2

0

0

0

Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings

0

-

0

-

0

-

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Portion of loss recognized in other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

430

576

1,031

1,465

1,815

2,164

1,780

1,721

1,936

2,138

1,987

2,228

2,148

2,051

2,693

2,648

2,621

2,573

2,594

2,523

2,440

2,381

2,258

2,170

2,143

2,110

2,095

2,035

1,955

1,899

1,834

1,799

1,733

1,640

1,530

1,392

0

0

0

Expenses
Policyholder Benefits and Claims Incurred, Net

321

452

971

1,431

1,679

1,880

1,498

1,269

1,428

1,555

1,372

1,468

1,366

1,289

1,694

1,671

1,659

1,633

1,632

1,588

1,524

1,498

1,432

1,373

1,366

1,349

1,384

1,352

1,309

1,262

1,194

1,159

1,109

1,043

946

847

0

0

0

Deferred Policy Acquisition Costs, Amortization Expense

112

169

309

444

557

654

563

541

588

643

605

666

642

615

760

750

740

724

741

709

691

659

606

584

570

556

544

521

492

492

494

0

0

-

0

-

-

-

-

Commission and other acquisition expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

General and administrative expenses

39

47

53

63

65

64

54

50

51

53

48

50

52

50

65

65

64

64

65

64

63

62

59

57

59

58

55

55

54

53

58

57

55

53

48

45

0

0

0

Interest Expense, Debt

19

19

19

19

19

19

19

19

21

23

25

27

27

28

28

28

29

29

29

29

29

29

33

35

38

39

38

38

38

36

34

32

32

34

35

36

0

0

0

Accelerated amortization of senior note issuance cost

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accelerated amortization of junior subordinated debt discount and issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

28

28

0

0

0

0

-

-

-

-

-

0

0

-

-

-

Junior subordinated debt repurchase expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

2

2

-

2

2

2

2

2

3

3

3

3

3

3

3

3

4

4

4

4

4

4

5

5

5

0

0

0

Foreign Currency Transaction and Other Gain (Loss), before Tax

5

2

16

8

11

4

-0

-3

-15

-14

-5

-1

11

13

10

10

0

7

4

4

0

-

0

0

-

2

3

2

0

-

0

0

-

-

-

-

-

-

-

Foreign exchange gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

-

2

2

0

0

0

Total expenses

485

686

1,337

1,950

2,310

2,614

2,135

1,883

2,106

2,293

2,058

2,216

2,079

1,972

2,543

2,511

2,496

2,446

2,465

2,389

2,300

2,277

2,161

2,082

2,064

2,005

2,023

1,967

1,895

1,847

1,758

1,729

1,701

1,609

1,498

1,358

0

0

0

Income (loss) from continuing operations before income taxes

-55

-110

-306

-485

-494

-449

-355

-161

-170

-154

-71

12

68

79

149

137

124

126

129

134

140

103

96

87

79

104

71

68

59

52

74

0

0

-

0

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Current tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

1

0

0

0

-

Deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

1

1

1

1

0

0

0

Income Tax Expense (Benefit)

-0

-0

-0

2

1

0

-8

-10

-8

-6

1

0

0

0

1

1

2

2

1

2

2

2

2

2

2

1

1

1

1

2

1

1

1

1

2

2

0

0

0

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-304

-487

-

-450

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income tax

-

-

-74

-134

-

-94

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-379

-621

-

-544

-400

-154

-173

-169

-114

-18

37

48

148

135

122

124

127

132

138

101

94

85

76

102

69

66

57

50

74

68

29

28

29

32

0

0

0

Net income from continuing operations attributable to noncontrolling interests

-

-

0

0

-

-

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-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

-

-

Net Income (Loss) Attributable to Parent

-74

-131

-379

-621

-603

-544

-400

-155

-174

-169

-113

-17

38

48

148

136

122

124

127

132

137

101

94

85

76

102

69

66

57

50

74

68

29

28

29

32

0

0

0

Preferred Stock Dividends, Income Statement Impact

-

-

0

8

-

25

34

34

31

29

26

27

30

33

33

30

27

24

24

24

24

24

23

20

17

14

12

9

6

3

0

0

0

-

-

-

-

-

-

Net loss attributable to Maiden common shareholders

-

-

-379

-630

-

-570

-434

-189

-205

-199

-140

-44

8

15

114

105

94

100

102

108

113

77

70

64

58

87

56

56

51

46

0

0

0

-

-

-

-

-

-

Basic (loss) earnings from discontinued operations per share attributable to Maiden common shareholders (in dollars per share)

-

-

-

-

-

-

-

-

0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted earnings (loss) from continuing operations per share attributable to common shareholders (in dollars per share)

0.25

-0.25

-0.70

0.04

-0.41

-2.62

-3.00

-0.17

0.05

-

-0.62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted loss from discontinued operations per share attributable to common shareholders (in dollars per share)

0.00

-0.01

0.00

-0.23

-0.03

-

-0.72

0.10

-

-

-0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted earnings (loss) per share attributable to common shareholders (in dollars per share)

0.25

-0.26

-0.70

-0.19

-0.44

-

-3.72

-0.07

-

-

-0.74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (loss) earnings per share attributable to Maiden common shareholders (in dollars per share)

-

-

-

-

-

-

-

-

0.17

-

-

-0.26

0.24

-1.01

0.42

0.42

0.37

0.33

0.31

0.28

0.44

0.39

0.38

0.35

-0.06

0.28

0.30

0.28

0.35

-0.14

0.30

0.20

0.28

0.25

0.22

-0.34

0.27

0.26

0.27

Diluted (loss) earnings from continuing operations per share attributable to Maiden common shareholders (in dollars per share)

-

-

-

-

-

-

-

-

0.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (loss) earnings from discontinued operations per share attributable to Maiden common shareholders (in dollars per share)

-

-

-

-

-

-

-

-

0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (loss) earnings per share attributable to Maiden common shareholders (in dollars per share)

-

-

-

-

-

-

-

-

0.16

-

-

-0.26

0.23

-0.95

0.40

0.39

0.35

0.33

0.30

0.27

0.41

0.40

0.36

0.34

-0.06

0.27

0.30

0.27

0.34

-0.14

0.30

0.20

0.28

0.24

0.22

-0.34

0.27

0.26

0.26

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.15

0.15

0.15

-

0.14

0.14

0.14

0.14

0.13

0.13

0.13

0.13

0.11

0.11

0.11

0.11

0.09

0.09

0.09

0.09

0.08

0.08

0.08

0.08

0.08

0.07

0.07

0.06

0.06

Weighted average number of common shares – basic and diluted (in shares)

83

-

83

-

82

-

83

-

-

-

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average number of common shares - basic (in shares)

-

-

-

83

-

-

-

83

83

-

-

86

86

86

75

73

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjusted weighted average number of common shares and assumed conversions - diluted (in shares)

-

-

-

83

-

-

-

83

83

-

-

86

87

56

86

85

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-