Maiden holdings, ltd. (MHNC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues
Gross premiums written

-528

2,017

2,078

2,089

2,662

2,507

2,204

2,000

1,812

1,298

1,048

Net premiums written

-531

2,014

2,037

1,967

2,514

2,458

2,096

1,901

1,723

1,227

1,030

Change in unearned premiums

979

11

-44

-42

-85

-206

-95

-97

-171

-58

-110

Premiums Earned, Net

447

2,026

1,992

1,925

2,429

2,251

2,000

1,803

1,552

1,169

919

Other insurance revenue

2

9

9

10

11

13

14

12

12

0

0

Investment Income, Net

97

136

124

108

131

117

91

81

74

71

62

Gain (Loss) on Investments

27

-1

12

6

2

1

3

1

0

6

0

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

0

5

0

0

1

2

0

0

-

-

-

Portion of loss recognized in other comprehensive income (loss)

-

-

-

-

-

0

0

0

-

-

-

Net impairment losses recognized in earnings

-

-

-

-

-

2

0

0

-

-

-

Total revenues

576

2,164

2,138

2,051

2,573

2,381

2,110

1,899

1,640

1,248

983

Expenses
Policyholder Benefits and Claims Incurred, Net

452

1,880

1,555

1,289

1,633

1,498

1,349

1,262

1,043

755

608

Deferred Policy Acquisition Costs, Amortization Expense

169

654

643

615

724

659

556

492

438

336

-

Commission and other acquisition expenses

-

-

-

-

-

-

-

-

-

-

241

General and administrative expenses

47

64

53

50

64

62

58

53

53

42

32

Interest Expense, Debt

19

19

23

28

29

29

39

36

34

36

34

Accelerated amortization of senior note issuance cost

-

-

2

2

0

28

-

-

-

-

-

Accelerated amortization of junior subordinated debt discount and issuance cost

-

-

-

-

-

-

0

0

20

0

0

Junior subordinated debt repurchase expense

-

-

-

-

-

-

-

-

15

0

0

Amortization of intangible assets

-

-

-

-

2

3

3

4

5

5

6

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

2

4

-14

13

7

4

2

1

0

-

-

Foreign exchange gains

-

-

-

-

-

-

-

-

-

-0

2

Total expenses

686

2,614

2,293

1,972

2,446

2,277

2,005

1,847

1,609

1,176

920

Income (loss) from continuing operations before income taxes

-110

-449

-154

79

126

103

104

52

30

71

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

62

Current tax expense

-

-

-

-

-

-

-

-

0

0

0

Deferred tax expense

-

-

-

-

-

-

-

-

1

1

1

Income Tax Expense (Benefit)

-0

0

-6

0

2

2

1

2

1

1

1

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

-109

-450

-147

79

-

-

-

-

-

-

-

Loss from discontinued operations, net of income tax

-22

-94

-22

-30

-

-

-

-

-

-

-

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

-131

-544

-169

48

124

101

102

50

28

69

61

Net Income (Loss) Attributable to Noncontrolling Interest

0

0

0

-0

-0

0

0

0

0

-0

0

Net Income (Loss) Attributable to Parent

-131

-544

-169

48

124

101

102

50

28

69

61

Preferred Stock Dividends, Income Statement Impact

0

25

29

33

24

24

14

3

0

-

-

Net loss attributable to Maiden common shareholders

-131

-570

-199

15

100

77

87

46

28

69

-

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

-

-

-0.26

-0.40

-

-

-

-

-

-

-

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

-1.32

-5.74

-2.06

0.60

-

-

-

-

-

-

-

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

-0.27

-1.13

-

-

-

-

-

-

-

-

-

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

-1.59

-6.87

-

-

-

-

-

-

-

-

-

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

-

-

-2.32

0.20

1.36

1.06

1.21

0.64

0.40

0.99

0.88

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

-

-

-2.06

0.58

-

-

-

-

-

-

-

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

-

-

-0.26

-0.39

-

-

-

-

-

-

-

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

-

-

-2.32

0.19

1.31

1.04

1.18

0.64

0.39

0.98

0.87

Dividends declared per common share (in dollars per share)

-

-

-

-

0.53

0.46

0.38

0.33

0.30

0.26

0.25

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

83

83

-

-

-

-

-

-

-

-

-

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

-

-

85

77

73

72

72

72

72

70

69

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

-

-

85

78

85

74

76

73

72

71

70