Maiden Holdings, Ltd. (MHLA) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2024, Maiden reported revenue of $56.4M, down 36.8% from $89.2M the year before. Net income was -$201.0M (a -356.1% net margin), or -$2.01 per diluted share. Gross margin was -229.8% and operating margin was -251.4%. Operating activities generated -$67.4M of cash. At fiscal year end, Maiden held $1.32B in total assets against $1.27B in total liabilities, including $25.7M of cash and equivalents.
Open the full interactive Maiden financials → Quarterly statements, key ratios, valuation history and price charts.
Maiden Key Stats
| Share Price | $8.90 |
|---|---|
| Market Cap | $882.2M |
| Revenue YoY Growth | -36.8% |
| 52-Week Range | $8.70 – $13.71 |
| Shares Outstanding | 99.1 million (basic, 2025 Q1) |
Maiden Income Statement
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Revenue | $576.1M | $184.1M | $98.7M | $58.1M | $89.2M | $56.4M |
| Cost of Goods Sold | $452.8M | $41.8M | $7.3M | $58.0M | $61.2M | $186.1M |
| Gross Profit | $123.3M | $142.3M | $91.4M | $141,000 | $28.0M | -$129.7M |
| Operating Income | $111.5M | $132.8M | $81.1M | -$11.5M | $15.2M | -$141.9M |
| Pre-Tax Income | -$110.3M | $41.7M | $26.7M | -$60.6M | -$38.4M | -$199.9M |
| Income Tax | -$911,000 | -$104,000 | $15,000 | -$557,000 | $196,000 | $1.1M |
| Net Income | -$131.9M | $41.8M | $26.6M | -$60.0M | -$38.6M | -$201.0M |
| Diluted EPS | -$1.59 | $0.93 | $1.35 | $0.63 | -$0.38 | -$2.01 |
Maiden Quarterly Results
| 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | |
|---|---|---|---|---|
| Revenue | $20.5M | $14.5M | — | $14.0M |
| Net Income | -$10.0M | -$34.5M | -$158.0M | -$8.6M |
| Diluted EPS | -$0.10 | -$0.35 | -$1.58 | -$0.09 |
Maiden Balance Sheet
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $48.2M | $74.0M | $26.7M | $31.0M | $35.4M | $25.7M |
| Total Assets | $3.57B | $2.95B | $2.32B | $1.85B | $1.52B | $1.32B |
| Total Long-Term Debt | $254.9M | $255.1M | $255.3M | $255.6M | $254.6M | $254.8M |
| Total Liabilities | $3.06B | $2.42B | $1.94B | $1.56B | $1.27B | $1.27B |
| Shareholders' Equity | $507.7M | $527.8M | $384.3M | $284.6M | $249.2M | $45.2M |
Maiden Cash Flow Statement
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.14B | -$541.8M | -$394.4M | -$195.9M | -$59.8M | -$67.4M |
| Cash From Investing | $913.2M | $596.0M | $464.1M | $188.8M | $58.5M | $77.7M |
| Cash From Financing | -$18,000 | -$30.1M | -$138.9M | -$11.0M | -$3.0M | -$3.7M |
Figures from Maiden's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Maiden financials page for every line item.
Maiden Company Profile
| Ticker | MHLA |
|---|---|
| Exchange | NYSE |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Hamilton, Bermuda |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001412100 |
Frequently Asked Questions
What was Maiden's revenue in fiscal 2024?
Maiden (MHLA) reported revenue of $56.4M for fiscal 2024.
What is Maiden's annual revenue history?
Maiden's annual revenue by fiscal year: 2019: $576.1M; 2020: $184.1M; 2021: $98.7M; 2022: $58.1M; 2023: $89.2M; 2024: $56.4M.
What was Maiden's net income in fiscal 2024?
Maiden reported net income of -$201.0M for fiscal 2024.
What was Maiden's earnings per share (EPS) in fiscal 2024?
Maiden's diluted EPS was -$2.01 for fiscal 2024 (adjusted for any later stock splits).
What was Maiden's revenue last quarter?
In its most recent reported quarter (2025 Q1), Maiden reported revenue of $14.0M.
How much debt does Maiden have?
Maiden reported $254.8M of long-term debt, including the current portion, at the end of fiscal 2024.
How many shares of Maiden are outstanding?
Maiden reported a weighted average of 99.1 million basic shares outstanding in 2025 Q1.
What is Maiden's market cap?
Based on its latest closing price, Maiden (MHLA) has a market capitalization of about $882.2M.
When does Maiden's fiscal year end?
Maiden's fiscal year end, as registered with the SEC, is December 31.
Where is Maiden headquartered?
Maiden lists its business address in Hamilton, Bermuda in its SEC filings.