Maiden Holdings Ltd
NASDAQ:MHLD
Income Statement
Income Statement
Maiden Holdings Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
2 015
|
2 046
|
2 065
|
2 148
|
2 265
|
2 323
|
2 400
|
2 466
|
2 441
|
2 479
|
2 507
|
2 546
|
1 936
|
2 671
|
2 380
|
2 139
|
2 003
|
1 810
|
1 969
|
2 031
|
2 036
|
1 699
|
1 328
|
901
|
451
|
298
|
185
|
114
|
107
|
88
|
92
|
83
|
54
|
55
|
41
|
39
|
33
|
42
|
41
|
41
|
44
|
|
Revenue |
2 110
N/A
|
2 143
+2%
|
2 170
+1%
|
2 260
+4%
|
2 384
+5%
|
2 443
+2%
|
2 526
+3%
|
2 596
+3%
|
2 574
-1%
|
2 622
+2%
|
2 650
+1%
|
2 693
+2%
|
2 052
-24%
|
2 829
+38%
|
2 521
-11%
|
2 280
-10%
|
2 139
-6%
|
1 936
-9%
|
2 109
+9%
|
2 169
+3%
|
2 171
+0%
|
1 822
-16%
|
1 471
-19%
|
1 037
-30%
|
576
-44%
|
432
-25%
|
287
-34%
|
207
-28%
|
187
-10%
|
156
-16%
|
163
+5%
|
143
-12%
|
99
-31%
|
109
+10%
|
88
-20%
|
83
-5%
|
60
-27%
|
82
+36%
|
72
-12%
|
76
+5%
|
83
+10%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 969)
|
(2 000)
|
(2 020)
|
(2 102)
|
(2 224)
|
(2 286)
|
(2 369)
|
(2 443)
|
(2 425)
|
(2 469)
|
(2 492)
|
(2 523)
|
(1 955)
|
(2 769)
|
(2 503)
|
(2 343)
|
(2 252)
|
(2 067)
|
(2 250)
|
(2 506)
|
(2 600)
|
(2 305)
|
(1 946)
|
(1 336)
|
(670)
|
(473)
|
(318)
|
(162)
|
(120)
|
(100)
|
(105)
|
(101)
|
(68)
|
(79)
|
(77)
|
(83)
|
(107)
|
(132)
|
(125)
|
(123)
|
(111)
|
|
Selling, General & Administrative |
(615)
|
(630)
|
(642)
|
(667)
|
(722)
|
(756)
|
(775)
|
(807)
|
(789)
|
(805)
|
(816)
|
(826)
|
(666)
|
(870)
|
(792)
|
(729)
|
(697)
|
(640)
|
(692)
|
(718)
|
(720)
|
(555)
|
(390)
|
(212)
|
(47)
|
(40)
|
(37)
|
(36)
|
(39)
|
(45)
|
(71)
|
(76)
|
(61)
|
(72)
|
(62)
|
(61)
|
(49)
|
(60)
|
(41)
|
(36)
|
(31)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Benefits Claims Loss Adjustment |
(1 350)
|
(1 366)
|
(1 374)
|
(1 432)
|
(1 498)
|
(1 524)
|
(1 588)
|
(1 633)
|
(1 634)
|
(1 660)
|
(1 672)
|
(1 695)
|
(1 290)
|
(1 897)
|
(1 709)
|
(1 613)
|
(1 555)
|
(1 428)
|
(1 559)
|
(1 788)
|
(1 880)
|
(1 680)
|
(1 431)
|
(972)
|
(453)
|
(321)
|
(211)
|
(79)
|
(42)
|
(23)
|
(9)
|
(11)
|
(7)
|
(5)
|
(13)
|
(19)
|
(58)
|
(68)
|
(75)
|
(72)
|
(61)
|
|
Policy Acquisition Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(70)
|
(119)
|
(152)
|
(170)
|
(112)
|
(71)
|
(48)
|
(39)
|
(33)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
(9)
|
(15)
|
(19)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
(15)
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
142
N/A
|
144
+2%
|
151
+5%
|
158
+5%
|
160
+1%
|
157
-2%
|
158
+1%
|
154
-3%
|
149
-3%
|
153
+3%
|
158
+3%
|
171
+8%
|
97
-43%
|
60
-38%
|
19
-69%
|
(64)
N/A
|
(113)
-78%
|
(131)
-15%
|
(141)
-8%
|
(337)
-139%
|
(429)
-27%
|
(483)
-13%
|
(475)
+2%
|
(299)
+37%
|
(94)
+69%
|
(41)
+57%
|
(31)
+24%
|
45
N/A
|
67
+50%
|
56
-17%
|
58
+5%
|
42
-28%
|
30
-28%
|
29
-3%
|
11
-63%
|
1
-92%
|
(47)
N/A
|
(50)
-6%
|
(53)
-6%
|
(47)
+11%
|
(28)
+40%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(37)
|
(37)
|
(34)
|
(31)
|
(25)
|
(17)
|
(23)
|
(22)
|
(21)
|
(29)
|
(18)
|
(19)
|
(15)
|
(18)
|
(30)
|
(32)
|
(38)
|
(37)
|
(23)
|
(20)
|
(15)
|
(7)
|
(11)
|
(3)
|
(17)
|
(13)
|
(17)
|
(31)
|
(23)
|
(27)
|
(28)
|
(17)
|
(11)
|
(13)
|
(4)
|
1
|
(13)
|
(22)
|
(28)
|
(32)
|
(18)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(1)
|
(2)
|
0
|
0
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(6)
|
(6)
|
0
|
(6)
|
(0)
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(28)
|
(28)
|
(28)
|
(28)
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
105
N/A
|
79
-24%
|
88
+11%
|
97
+10%
|
104
+7%
|
140
+35%
|
135
-4%
|
129
-4%
|
126
-2%
|
125
-1%
|
138
+11%
|
150
+9%
|
80
-47%
|
39
-51%
|
(14)
N/A
|
(99)
-590%
|
(154)
-56%
|
(170)
-10%
|
(164)
+3%
|
(358)
-118%
|
(450)
-26%
|
(496)
-10%
|
(486)
+2%
|
(307)
+37%
|
(110)
+64%
|
(56)
+50%
|
(49)
+11%
|
11
N/A
|
42
+276%
|
27
-35%
|
29
+8%
|
25
-16%
|
19
-24%
|
17
-10%
|
7
-59%
|
2
-78%
|
(60)
N/A
|
(72)
-19%
|
(81)
-13%
|
(79)
+3%
|
(46)
+41%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(1)
|
3
|
2
|
7
|
9
|
6
|
4
|
(0)
|
(3)
|
(4)
|
(1)
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
1
|
1
|
1
|
1
|
(0)
|
|
Income from Continuing Operations |
103
|
77
|
85
|
94
|
102
|
138
|
133
|
127
|
124
|
123
|
136
|
148
|
79
|
38
|
(11)
|
(97)
|
(148)
|
(162)
|
(158)
|
(353)
|
(450)
|
(499)
|
(490)
|
(308)
|
(109)
|
(55)
|
(50)
|
11
|
42
|
27
|
30
|
25
|
19
|
16
|
5
|
(1)
|
(60)
|
(71)
|
(80)
|
(78)
|
(46)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
9
|
8
|
8
|
9
|
2
|
2
|
(0)
|
(0)
|
6
|
9
|
8
|
|
Net Income (Common) |
88
N/A
|
59
-33%
|
64
+10%
|
70
+9%
|
77
+10%
|
114
+47%
|
108
-5%
|
103
-5%
|
100
-3%
|
95
-5%
|
105
+11%
|
115
+9%
|
15
-87%
|
9
-44%
|
(45)
N/A
|
(140)
-213%
|
(199)
-42%
|
(206)
-3%
|
(189)
+8%
|
(435)
-129%
|
(570)
-31%
|
(621)
-9%
|
(630)
-2%
|
(380)
+40%
|
(132)
+65%
|
(75)
+43%
|
(50)
+33%
|
10
N/A
|
79
+678%
|
129
+63%
|
217
+69%
|
218
+0%
|
117
-46%
|
118
+1%
|
48
-59%
|
37
-23%
|
55
+50%
|
44
-21%
|
14
-69%
|
18
+34%
|
(39)
N/A
|
|
EPS (Diluted) |
1.03
N/A
|
0.8
-22%
|
0.76
-5%
|
0.82
+8%
|
1.04
+27%
|
1.33
+28%
|
1.26
-5%
|
1.2
-5%
|
1.17
-3%
|
1.11
-5%
|
1.23
+11%
|
1.34
+9%
|
0.19
-86%
|
0.09
-53%
|
-0.52
N/A
|
-1.63
-213%
|
-2.32
-42%
|
-2.47
-6%
|
-2.29
+7%
|
-5.22
-128%
|
-6.86
-31%
|
-7.47
-9%
|
-7.58
-1%
|
-4.56
+40%
|
-1.58
+65%
|
-0.88
+44%
|
-0.58
+34%
|
0.12
N/A
|
0.93
+675%
|
1.51
+62%
|
2.51
+66%
|
2.52
+0%
|
1.35
-46%
|
1.37
+1%
|
0.55
-60%
|
0.42
-24%
|
0.63
+50%
|
0.43
-32%
|
0.13
-70%
|
0.17
+31%
|
-0.38
N/A
|