Maiden Holdings, Ltd. (MHLD) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7448201684690108
Cash and cash equivalents7448201684690108
Total current assets:7448201684690108
Noncurrent Assets
Operating lease, right-of-use asset2 
Long-term investments and receivables40      
Long-term investments40      
Intangible assets, net (including goodwill)   76788287
Goodwill   57575958
Intangible assets, net (excluding goodwill)   18212329
Total noncurrent assets:42  76788287
Other undisclosed assets2,8333,5205,0876,5016,1295,5424,969
TOTAL ASSETS:2,9483,5685,2876,6446,2525,7145,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,4213,0604,7335,4124,8914,3653,923
Total liabilities:2,4213,0604,7335,4124,8914,3653,923
Stockholders' equity
Stockholders' equity attributable to parent5285085541,2321,3611,3481,241
Preferred stock394465465465315480315
Common stock1111111
Treasury stock, value(32)(32)(32)(31)(5)(5)(4)
Additional paid in capital756751749748749579578
Accumulated other comprehensive income (loss)2418(66)1315(24)95
Retained earnings (accumulated deficit)(616)(696)(564)35286316255
Stockholders' equity attributable to noncontrolling interest  10010
Total stockholders' equity:5285085551,2331,3611,3491,241
TOTAL LIABILITIES AND EQUITY:2,9483,5685,2876,6446,2525,7145,164

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1845762,1652,9212,7322,5732,381
Premiums earned, net1064482,026
Financial services revenue2,7332,5682,4292,252
Cost of revenue(81)(623)(2,535)(2,981)(2,594)(2,358)(2,158)
Policyholder benefits and claims incurred, net(42)(453)(1,880)
Deferred policy acquisition costs, amortization expense(39)(170)(655)(821)(774)(724)(659)
Financial services costs(2,160)(1,820)(1,634)(1,498)
Gross profit:104(46)(370)(60)138215224
Operating expenses (12)(21)(39)(39)(40)(66)
Operating income (loss):104(58)(391)(98)99175157
Nonoperating income (expense) 34(15)128118
Investment income, nonoperating      118
Foreign currency transaction gain (loss), before tax 34(15)128 
Interest and debt expense(19)(19)(19)(23)(28)(29)(30)
Other undisclosed loss from continuing operations before equity method investments, income taxes(48)(35)(44)(37)(33)(27)(142)
Income (loss) from continuing operations before equity method investments, income taxes:37(110)(450)(173)50126104
Income from equity method investments5      
Income (loss) from continuing operations before income taxes:42(110)(450)(173)50126104
Income tax expense (benefit)01(0)4(2)(2)(2)
Income (loss) from continuing operations:42(109)(450)(170)48124102
Loss from discontinued operations (23)(94)    
Net income (loss):42(132)(544)(170)48124102
Net income (loss) attributable to noncontrolling interest  (0)(0)10(0)
Net income (loss) attributable to parent:42(132)(545)(170)49124101
Preferred stock dividends and other adjustments38 (26)(29)(34)(24)(24)
Net income (loss) available to common stockholders, basic:80(132)(570)(199)1510077
Convertible preferred dividends     12 
Other undisclosed net loss available to common stockholders, diluted   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:80(132)(570)(199)1511277

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):42(132)(544)(170)48124102
Other comprehensive income (loss)684(79)(2)39(119)69
Comprehensive income (loss):48(48)(623)(171)875171
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(0)(0)10(0)
Comprehensive income (loss), net of tax, attributable to parent:48(48)(624)(172)885171

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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