Maiden Holdings, Ltd. (MHLD) financial statements (2022 and earlier)

Company profile

Business Address SCHRODERS HOUSE
HAMILTON, HM 12
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277448201684690
Cash and cash equivalents277448201684690
Total current assets:277448201684690
Noncurrent Assets
Operating lease, right-of-use asset02 
Long-term investments and receivables8440     
Long-term investments8440     
Intangible assets, net (including goodwill)    767882
Goodwill    575759
Intangible assets, net (excluding goodwill)    182123
Total noncurrent assets:8442  767882
Other undisclosed assets2,2122,8333,5205,0876,5016,1295,542
TOTAL ASSETS:2,3232,9483,5685,2876,6446,2525,714
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,9382,4213,0604,7335,4124,8914,365
Total liabilities:1,9382,4213,0604,7335,4124,8914,365
Stockholders' equity
Stockholders' equity attributable to parent3845285085541,2321,3611,348
Preferred stock159394465465465315480
Common stock1111111
Treasury stock, value(34)(32)(32)(32)(31)(5)(5)
Additional paid in capital769756751749748749579
Accumulated other comprehensive income (loss)(12)2418(66)1315(24)
Retained earnings (accumulated deficit)(498)(616)(696)(564)35286316
Stockholders' equity attributable to noncontrolling interest   1001
Total stockholders' equity:3845285085551,2331,3611,349
TOTAL LIABILITIES AND EQUITY:2,3232,9483,5685,2876,6446,2525,714

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues991845762,1652,9212,7322,573
Premiums earned, net531064482,026
Financial services revenue2,7332,5682,429
Cost of revenue(32)(81)(623)(2,535)(2,981)(2,594)(2,358)
Policyholder benefits and claims incurred, net(7)(42)(453)(1,880)
Deferred policy acquisition costs, amortization expense(25)(39)(170)(655)(821)(774)(724)
Financial services costs(2,160)(1,820)(1,634)
Gross profit:67104(46)(370)(60)138215
Operating expenses  (12)(21)(39)(39)(40)
Operating income (loss):67104(58)(391)(98)99175
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
  34(15)128
Interest and debt expense(19)(19)(19)(19)(23)(28)(29)
Other undisclosed loss from continuing operations before equity method investments, income taxes(28)(48)(35)(44)(37)(33)(27)
Income (loss) from continuing operations before equity method investments, income taxes:1937(110)(450)(173)50126
Income from equity method investments85     
Income (loss) from continuing operations before income taxes:2742(110)(450)(173)50126
Income tax expense (benefit)(0)01(0)4(2)(2)
Income (loss) from continuing operations:2742(109)(450)(170)48124
Loss from discontinued operations  (23)(94)   
Net income (loss):2742(132)(544)(170)48124
Net income (loss) attributable to noncontrolling interest   (0)(0)10
Net income (loss) attributable to parent:2742(132)(545)(170)49124
Preferred stock dividends and other adjustments9138 (26)(29)(34)(24)
Net income (loss) available to common stockholders, basic:11880(132)(570)(199)15100
Convertible preferred dividends      12
Other undisclosed net loss available to common stockholders, diluted    (0)(0)(0)
Net income (loss) available to common stockholders, diluted:11880(132)(570)(199)15112

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2742(132)(544)(170)48124
Other comprehensive income (loss)(36)684(79)(2)39(119)
Comprehensive income (loss):(9)48(48)(623)(171)875
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)(0)(0)10
Comprehensive income (loss), net of tax, attributable to parent:(9)48(48)(624)(172)885

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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