Maiden Holdings, Ltd. (MHLD)

Maiden Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-211.07	-200.97	-38.57	-60.04	26.65	41.76
Depreciation & Amortization	0.23	0.23	0.27	-	3.45	6.24
Gain (Loss) on Sale of Investments	-0.19	-5.61	-7.85	5.14	-12.65	-22.01
Stock-Based Compensation	2.16	2	1.73	2.74	4.77	2.45
Reinsurance Recoverable	16.92	15.8	12.59	19.35	-10.98	16.34
Change in Unearned Revenue	-15.92	-16.39	-20.79	-30.32	-40.32	-77.78
Change in Insurance Reserves / Liabilities	63.8	76.23	-4.19	-154.97	-377.71	-581.87
Change in Other Net Operating Assets	47.66	68.34	-4.21	21.48	12.77	43.7
Other Operating Activities	-10.75	-14.5	2.73	-11.11	-7.69	8.53
Operating Cash Flow	-96.62	-67.45	-59.78	-195.93	-394.43	-541.78
Cash Acquisitions	-	-	-	2.73	0.42	-
Investment in Securities	127.18	78.07	58.61	186.15	463.67	596.65
Other Investing Activities	-0.23	-0.33	-0.1	-0.09	-0.03	-0.61
Investing Cash Flow	126.95	77.74	58.51	188.79	464.06	596.04
Total Debt Repaid	-	-	-0.1	-	-	-
Net Debt Issued (Repaid)	-	-	-0.1	-	-	-
Issuance of Common Stock	-	-	-	0.01	-	-
Repurchases of Common Stock	-3.06	-3.74	-2.92	-1.01	-2.48	-0
Repurchases of Preferred Stock	-	-	-	-9.98	-136.26	-30.13
Other Financing Activities	-	-	-	-	-0.17	-
Financing Cash Flow	-3.06	-3.74	-3.02	-10.98	-138.9	-30.13
Foreign Exchange Rate Adjustments	-0.19	-1.15	0.34	-1.34	-0.47	4.41
Net Cash Flow	27.07	5.41	-3.95	-19.46	-69.74	28.55
Cash Interest Paid	19.11	19.11	19.11	19.11	19.11	19.11
Cash Income Tax Paid	0.19	0.19	0.15	1.15	0.11	0.11
Levered Free Cash Flow	-60.87	11.49	219.1	178.82	26.11	53.41
Unlevered Free Cash Flow	-48.82	23.53	230.49	190.9	38.19	65.49
Change in Net Working Capital	-65.44	-139.64	-242.41	-218.98	-10.87	-16.54

Updated May 12, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q