Maiden Holdings, Ltd.

Maiden Holdings, Ltd.

MHLD
Maiden Holdings, Ltd.US flagNASDAQ Capital Market
1.15
USD
+0.15
- -
114.64MMarket Cap
Maiden Holdings, Ltd.
MHLD
(NASDAQ Capital Market)

Recent

price

1.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
14.12
17.62
22.74
26.31
29.14
32.75
35.12
26.64
24.79
26.12
6.97
2.08
1.24
0.76
0.82
0.88
0.64
Revenue per Share
0.88
0.99
0.4
0.64
1.21
1.06
1.36
0.2
-2.32
-6.87
-1.59
0.5
0.31
-0.69
-0.38
-2.01
-2.12
Basic EPS, GAAP
0.63
2.1
2.49
4.41
5.05
8.95
8.63
6.06
5.35
2.19
-13.76
-6.42
-4.58
-2.25
-0.59
-0.68
-0.97
Free Cash Flow per Basic Share
0.23
0.26
0.29
0.46
0.47
0.77
0.85
0.99
0.94
0.81
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.03
1.73
1.79
2.1
2.93
3.51
4.31
3.7
0.42
-6.78
-8.37
-7.29
-5.78
-5.07
-4.79
-6.87
-6.98
Book Value per Share
8.22
9.13
9.29
10.67
9.91
11.52
10.71
12.49
8.08
1.08
0.51
1.58
2.61
3.27
2.46
0.45
0.38
Tangible Book Value per Share
70
71
72
72
73
73
73
78
86
83
83
84
86
87
101
100
100
Basic Weighted Avg Shares
983
1,247
1,641
1,901
2,113
2,385
2,581
2,065
2,124
2,169
579
176
106
66
83
88
63
Sales/Revenue/Turnover
6.35
9.14
- -
2.76
4.82
4.35
4.89
2.41
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
7
7
9
6
19
40
10
13
8
6
8
9
8
- -
-1
-5
-6
Depreciation Expense
61
70
29
50
103
101
124
49
-170
-545
-132
42
27
-60
-39
-201
-211
Net Income, GAAP
2.15
1.87
6.33
4.22
1.78
2.09
1.61
0.52
- -
- -
- -
- -
0.08
- -
- -
- -
- -
Effective Tax Rate (%)
6.21
5.6
1.74
2.64
4.86
4.25
4.82
2.37
-8
-25.11
-22.79
23.78
25.04
-90.44
-46.19
-229.17
-333.16
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
215
215
234
334
486
360
350
351
254
255
255
255
255
256
255
255
255
LT Debt
677
750
769
1,016
1,124
1,241
1,349
1,361
1,233
555
508
528
384
285
249
45
38
Total Equity
8.71
12.05
- -
4.27
6.76
6.32
7.53
2.9
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
60.32
33.83
22.68
16.98
17.17
16.27
14.74
7.41
- -
- -
- -
- -
-190.23
- -
- -
- -
- -
Return on Capital (%)
123.31
72.03
22.65
33.05
48.25
32.92
34.97
5.05
-123.3
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
255
255
255
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
99
101
Market Capitalization
177
169
57

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
313
251
215
Accounts Receivable, Net
584
579
558
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-20.68%
-28.7%
-81.86%
Free Cash Flow
-100.48%
-37.35%
12.83%
Net Income, GAAP
-44.79%
-21.58%
421.06%
Sales/Revenue/Turnover
-19.6%
-23.17%
5.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
17
20
26
20
83
2024
31
20
9
28
88
2025
7
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.11
-0.03
-0.03
- -
-0.38
2024
0.01
-0.1
-0.35
-1.59
-2.01
2025
-0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Maiden Holdings, Ltd. (Nasdaq: MHLD) is a Bermuda-based holding company that, through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally. The company operates primarily in two segments, Diversified Reinsurance and AmTrust Reinsurance, offering non-catastrophic customized reinsurance products including quota share and excess of loss treaties; inland marine and property coverage; small commercial business insurance such as U.S. workers' compensation, commercial package, and low-hazard property and casualty products; specialty risk and extended warranty coverage for consumer and commercial goods including accidental damage plans and payment protection plans; auto and credit life insurance products through insurer partners; retroactive risk underwriting with legacy services for small insurance entities; and fronting services to insurance program managers, managing general agents, reinsurers, and reinsurance brokers. Subsidiaries include Maiden Re and Maiden Specialty in the United States, Maiden International in Europe, and Maiden Insurance in Bermuda, with headquarters in Hamilton, Bermuda, where the company was founded in 2007. In a major strategic shift announced December 30, 2024, and completed May 27, 2025, Maiden Holdings combines with Kestrel Group, LLC via a reverse merger to form Kestrel Group Ltd., positioning the business as a leading nationwide specialty program group with Maiden shareholders owning about 65% of the combined entity and shares ceasing Nasdaq trading under MHLD; earlier, in December 2024, it sold Maiden General Försäkrings AB and Maiden Life Försäkrings AB to reduce operating costs by nearly 20% and reallocate capital to fee-based, capital-light initiatives; and in Q1 2025, it advanced a pivot to a fee-based platform with targeted transactions.

Company News

  • Maiden Drilling Confirms Large Magmatic-Hydrothermal System and Gold-Bearing Structures at Kasie Ridge

  • Koryx Copper Announces Maiden Drill Program on Zambia Projects and Agreement to Increase Ownership to 80%

  • I-80 Gold: Unrivaled Growth With Maiden Reserves On Deck

  • Brixton Metals Reports Consistent Silver Grades Across All 85 Holes from Maiden Tailings Drill Program at the Langis Silver Project

  • Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential

  • Nations Royalty Reports Record Q1 Fiscal 2027 Revenue and Maiden Quarterly Profit

  • Caledonia Mining Corporation Plc: Maiden Mineral Resource Estimate at Motapa 379,000 oz Measured and Indicated; 131,000 oz Inferred

  • Prince Silver Builds Momentum Toward Maiden Mineral Resource Estimate After Completing More than 10,000 m of Drilling

  • Benz Announces A$150m Placement to Accelerate Delivery of Glenburgh Maiden Resource

  • Maiden Final Dividend Declared for FY26 and On-Market Share Buy-Back Approved

  • GoldHaven Receives Exploration Permit for Magno Project; Maiden Drill Program Imminent

  • Blende Silver Mobilizes Drill Crew to Commence Maiden Drilling of Priority 3D IP Chargeability Anomalies at Flagship Blende Silver-Zinc-Lead Project, Yukon

  • Hannan Stavaträsk Maiden Drilling Hits Gold in Every Hole Across 650 m Strike; High-Grade 0.6 m at 27.8 g/t Au and Broader Target of 9.2 m at 1.3 g/t Au Confirm Large-Scale System; IP Geophysics Next

  • Lake Victoria Gold Announces Maiden Mineral Resource at Tembo of 480,100 Inferred and 99,700 Indicated Ounces, Adjacent to Barrick's Bulyanhulu Mine

  • Primary Hydrogen Announces Fully Funded and Permitted 2026 Exploration and Maiden Drill Program at Wicheeda North

  • ATERRA Metals Commences Preparation of Maiden Mineral Resource Estimate for the Totora Cu/Au Project

  • Greenheart Gold Announces Results from the Maiden Drill Program at Igab, Including Hole D-007 Intersecting 7.0 m @ 5.82 g/t Au, and Results at Majorodam

  • Golden Cariboo Expands Upcoming Maiden Mineral Resource Estimate Database and Completes Q2 Drilling at Halo Zone

  • Four Nines Gold Begins Maiden Drill Program at Hayden Hill

  • Prospect Ridge Awarded Excalibur Drill Permit - Maiden Drill Program Planned For July 2026