Maiden Holdings, Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 09:14 pm
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Maiden Holdings, Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 44.742 million compared to USD 189.948 million a year ago. Net income was USD 9.212 million compared to net loss of USD 15.413 million a year ago. Basic earnings per share was USD 0.11 compared to basic loss per share of USD 0.19 a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. For the half year, total revenue was USD 103.861 million compared to USD 394.783 million a year ago. Net income was USD 30.073 million compared to net loss of USD 52.049 million a year ago. Basic earnings per share was USD 0.35 compared to basic loss per share of USD 0.63 a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to basic loss per share from continuing operations of USD 0.36 a year ago.
Maiden Holdings, Ltd. is a Bermuda-based holding company. The Company is engaged in the ownership and management of businesses and assets in the insurance and related financial services industries. The Company also provides a range of legacy services to small insurance companies, particularly those in run-off or with blocks of reserves that are no longer core to those companies operations, working with clients to develop and implement finality solutions, including acquiring entire companies that enable its clients to meet their capital and risk management objectives. Its Diversified Reinsurance segment consists of a portfolio of predominantly property and casualty reinsurance businesses focusing on regional and specialty property and casualty insurance companies located primarily in Europe. Its AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. (Maiden Reinsurance) by AmTrust Financial Services, Inc. (AmTrust).
MAIDEN HOLDINGS, LTD. 
