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Maiden Holdings, Ltd. 6.625 NT 2046 (MHLA)

USD10.64 +0.00 (+0.00%)
US NYSE Financial Services Insurance - Property & Casualty
Address 6000 Midlantic Drive, Suite 200 South 08054-1516
Mount Laurel, NJ, US
Website maiden.bm
IPO 2011-07-27
CIK 1412100 ISIN US5602923022

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Description

Maiden Holdings Ltd. offers personalized reinsurance services and products, specifically excluding high-impact catastrophic events, to insurance companies ranging from small to medium in size. The firm's operations are divided into two main segments: Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance division oversees a collection of property and casualty reinsurance contracts. In contrast, the AmTrust Reinsurance segment covers business that AmTrust has transferred to Maiden Bermuda. Maiden Holdings was established in 2007 and its corporate headquarters are situated in Hamilton, Bermuda.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD10.64 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
3.5K
Beta
0.45
Free Float %
0.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-9.36% -11.92% -9.07% -12.06% -23.55% -13.62% -23.61% -29.81% -48.79% -55.06% -54.44%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
10.64
DCF (Unlevered) 4.34 -59.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
-0.53
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Operational MOAT
✗ Below peers
  • Revenue growth Insurance - Property & Casualty: +14.1%
    -36.8% Q1'25: -51.4% (vs Q1'24)
  • EPS growth Insurance - Property & Casualty: +27.5%
    -429.0% Q1'25: -725.0% (vs Q1'24)
  • FCF margin FCF growth · Insurance - Property & Casualty: +25.6%
    +264.8% Q1'25: -150.4% (vs Q1'24)
  • EBIT margin Insurance - Property & Casualty: +16.3%
    -320.1% Q1'25: -27.2% (vs Q1'24)
  • ROIC Insurance - Property & Casualty: +7.9%
    -68.1% Q1'25: -6.2% (vs Q1'24)
  • Share dilution Insurance - Property & Casualty: +0.4%
    -1.5% Q1'25: -1.3% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Property & Casualty: -0.10×
    Q1'25: -16.70× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.45) × ERP
WACC = 81% × Ke + 19% × Kd (7.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 4.34 Current price: 10.64
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2022
actual
Revenue
58.13M
est: 58.13M (+0.0%)
EBITDA
104.99M
EBIT
54.37M
Net Income
-60.04M
SGA
30.95M
est: 52.70M (-41.3%)
EPS
0.63

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-96.71M
OE per share TTM
-0.97
Owner's Yield
-8.69%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
0.2%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
389.0K
Insider transactions (90d)
0
Beneficial owners (>5%)
21
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Maiden Holdings Ltd. 41.44M 29.00% 13.58M 11.00 HC, CO 2023-01-06
2 Maiden Holdings North America, Ltd. 41.44M 29.00% 13.58M 11.00 HC, CO 2023-01-06
3 Maiden Reinsurance Ltd. 41.44M 29.00% 13.58M 11.00 IC, CO 2023-01-06
4 Paul Richard Ray III 7.98M 9.23% 145.6K 7.98M HC, IN United States of America 2022-02-14
5 Brian Michael Phillips 7.84M 9.07% 8.8K 7.84M HC, IN United States of America 2022-02-14
6 Phillips Ray Capital Management, Inc. 7.83M 9.06% 7.83M IA, CO Texas 2022-02-14
7 Thomas Bruce Akin 5.96M 6.85% 5.96M 10.13M 5.96M 10.13M IN United States of America 2022-06-06
8 (1)Names of reporting persons. BlackRock, Inc. 5.93M 5.90% 5.93M HC Delaware 2024-10-24
9 BlackRock, Inc. 5.93M 5.90% 5.84M 5.93M HC Delaware 2024-11-08
10 (. 5.41M 6.51% 5.19M 5.41M IA Delaware 2020-02-12
11 683 Capital GP, LLC 4.42M 5.08% 4.42M OO Delaware 2022-07-18
12 683 Capital Management, LLC 4.42M 5.08% 4.42M IA Delaware 2022-07-18
13 683 Capital Partners, LP 4.42M 5.08% 4.42M PN Delaware 2022-07-18
14 Ari Zweiman 4.42M 5.08% 4.42M IN Delaware 2022-07-18
15 CATALINA HOLDINGS (BERMUDA) LTD. 4.24M 4.93% 4.24M 4.24M CO 2020-08-14
16 30-0447847 4.09M 4.80% 3.90M 4.09M IA Delaware Limited Partnership 2021-02-12
17 91-1804621 3.32M 3.81% 3.32M 3.32M PN United States of America 2022-06-06
18 68-0393122 676.0K 0.78% 676.0K 676.0K EP United States of America 2022-06-06
19 James H. Akin Trust 85.0K 0.10% 85.0K 85.0K IN United States of America 2022-06-06
20 81-4714847 59.4K 0.07% 59.4K 59.4K EP United States of America 2022-06-06
21 Karen Hochster Akin 25.0K 0.03% 25.0K 25.0K IN United States of America 2022-06-06

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 FNY INVESTMENT ADVISERS, LLC 27.3K +2.9K (+11.9%) 355.0K -14.0K (-3.8%) 0.03% +0.003 pp 0.10% -0.018 pp USD15.49 -16.1% 28 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Preferred and Income Securities ETF PFF 0.02% 3.09M 0.45%
2 iShares Morningstar Multi-Asset Income ETF IYLD 0.00% 4.2K 0.50%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
277.0K
Cash buys
Cash sales
1.00
Net activity
-277,000
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2023-12-31 NEUBERGER YEHUDA Director S-Sale D Common Shares 277,000 2.29 634.3K 0
2023-09-26 Thomas Keith A Director S-Sale D Common Shares 26,315 1.90 50.0K 73,839
2023-06-01 Thomas Keith A Director A-Award A Restricted Common Shares 31,862 0.00 31,862
2023-06-01 NIGRO STEVEN HAROLD Director A-Award A Restricted Common Shares 36,764 0.00 36,764
2023-06-01 NEFF RAYMOND MICHAEL Director A-Award A Restricted Common Shares 31,862 0.00 31,862
2023-06-01 LYONS SIMCHA G Director A-Award A Restricted Common Shares 31,862 0.00 31,862
2023-06-01 Blanchard Holly Lynn Director A-Award A Restricted Common Shares 31,862 0.00 31,862
2023-05-17 Haveron Patrick J Officer A-Award A Common Shares 10,000 2.01 20.1K 2,165,803
2023-05-03 Heintzman Mark O Officer D Restricted Common Shares 0 0.00 65,217
2023-03-31 Jarman William Officer A-Award A Common Shares 43,859 0.00 131,074
2023-03-21 Jarman William Officer A-Award A Restricted Common Shares 76,086 0.00 198,376
2023-03-17 METZ LAWRENCE F. Officer A-Award A Common Shares 112,745 0.00 1,669,444
2023-03-17 Haveron Patrick J Officer A-Award A Common Shares 112,745 0.00 2,197,519
2022-12-27 NEFF RAYMOND MICHAEL Director A-Award A Common Shares 34,440 0.00 585,571
2022-12-27 Maiden Reinsurance Ltd Director D Common Shares 0 0.00 41,439,348
2008-11-01 Caviet Max G 0 0.00 0

Executive team

Top executives

Executive team data is not available for this company yet.

EBIT / Employee
-40.1K
Shares Outstanding
86.62M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2008 Arturo M. Raschbaum, President and Chief Executive Officer 134.6K 9.2K 1.01M 1.15M 0.80%
2 2008 Ben Turin, former Chief Operating Officer, General Counsel and Secretary 301.0K 25.0K 103.5K 129.9K 559.4K 18.50%
3 2008 James A. Bolz, Senior Vice President — Underwriting of Maiden Insurance 250.0K 50.0K 44.1K 96.6K 440.7K 10.00%
4 2008 Michael J. Tait, Chief Financial Officer 200.0K 80.0K 44.3K 7.4K 331.7K 13.36%
5 2008 Max G. Caviet, former President and Chief Executive Officer 316.5K 316.5K 100.00%
6 2008 John Marshaleck, Chief Operating Officer and Secretary 92.3K 52.4K 688.00 3.4K 148.8K 0.46%
7 2007 Ben Turin, former Chief Operating Officer, General Counsel and Secretary 137.5K 100.0K 38.0K 49.2K 324.7K 11.71%
8 2007 Max G. Caviet, former President and Chief Executive Officer 152.1K 152.1K 100.00%
9 2007 Michael J. Tait, Chief Financial Officer 30.4K 37.5K 6.6K 74.5K 8.90%
10 2007 James A. Bolz, Senior Vice President — Underwriting of Maiden Insurance 43.0K 8.6K 8.3K 14.4K 74.4K 11.18%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2024-03-27 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2025-06-10 15-12G
2025-05-29 SC 13D/A
2025-05-28 4
2025-05-28 4
2025-05-28 4
2025-05-28 4
2025-05-28 4
2025-05-28 4
2025-05-28 4
2025-05-28 4
ESG Rating
B
INSURANCE - PROPERTY & CASUALTY
2020
E (Environmental)
57.9 / 49.4
Company / Sector avg.
S (Social)
53.5 / 57.3
Company / Sector avg.
G (Governance)
65.3 / 59.8
Company / Sector avg.
ESG Total
58.9 / 55.5
Company / Sector avg.
ESG Score History INSURANCE - PROPERTY & CASUALTY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits