Maiden Holdings, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 06:11 pm IST
Share
Maiden Holdings, Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 20.69 million compared to USD 21.98 million a year ago. Net income was USD 1.06 million compared to USD 8.11 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.31 a year ago.
For the six months, revenue was USD 30.74 million compared to USD 51.95 million a year ago. Net loss was USD 0.887 million compared to net income of USD 17.4 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 1.14 a year ago.
Maiden Holdings, Ltd. is a Bermuda-based holding company. The Company is engaged in the ownership and management of businesses and assets in the insurance and related financial services industries. The Company also provides a range of legacy services to small insurance companies, particularly those in run-off or with blocks of reserves that are no longer core to those companies operations, working with clients to develop and implement finality solutions, including acquiring entire companies that enable its clients to meet their capital and risk management objectives. Its Diversified Reinsurance segment consists of a portfolio of predominantly property and casualty reinsurance businesses focusing on regional and specialty property and casualty insurance companies located primarily in Europe. Its AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. (Maiden Reinsurance) by AmTrust Financial Services, Inc. (AmTrust).
MAIDEN HOLDINGS, LTD. 