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Maiden Holdings Ltd (MHLA)



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Upturn Advisory Summary
03/13/2025: MHLA (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -24.16% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.20B USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 2660 | Beta - | 52 Weeks Range 13.02 - 17.93 | Updated Date 04/2/2025 |
52 Weeks Range 13.02 - 17.93 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 4.47% | Basic EPS (TTM) - |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Maiden Holdings Ltd
Company Overview
History and Background
Maiden Holdings, Ltd. was founded in 2007. Initially focused on reinsurance solutions for regional and specialty insurers, it expanded into various lines of business before facing financial challenges and ultimately being acquired. As of 2023, Maiden has been acquired by a new owner.
Core Business Areas
- Reinsurance Solutions: Providing reinsurance support to regional and specialty insurance companies, including quota share and excess of loss agreements.
- AmTrust Financial Partnership: Maiden was heavily reliant on a relationship with AmTrust Financial, reinsuring a significant portion of their business.
Leadership and Structure
Historically, Maiden's leadership comprised experienced insurance and reinsurance executives. The organizational structure was built around underwriting, risk management, and finance functions. Following the acquisition in 2023 the leadership team has been replaced.
Top Products and Market Share
Key Offerings
- Quota Share Reinsurance: Reinsuring a fixed percentage of an insurer's premiums and losses. Market share data is not readily available due to the customized nature of reinsurance agreements. Competitors include TransRe, Swiss Re, and Munich Re.
- Excess of Loss Reinsurance: Providing coverage for losses exceeding a certain threshold. Market share data is difficult to obtain. Competitors are the same as quota share (TransRe, Swiss Re, Munich Re)
Market Dynamics
Industry Overview
The reinsurance industry is highly competitive and cyclical, influenced by factors such as catastrophe losses, interest rates, and regulatory changes.
Positioning
Maiden Holdings carved out a niche by focusing on regional and specialty insurers, but their heavy reliance on AmTrust became a critical weakness.
Total Addressable Market (TAM)
The global reinsurance market is valued in the hundreds of billions of dollars. Maiden's position was previously limited by its reliance on one key partner. Specific TAM for regional reinsurance is not publicly available.
Upturn SWOT Analysis
Strengths
- Established relationships with regional insurers
- Experienced underwriting team (historical)
- Specialized reinsurance solutions
Weaknesses
- Over-reliance on AmTrust Financial
- Poor financial performance in later years
- Negative market perception
- High debt levels (historical)
Opportunities
- Diversification into new lines of business (under new owner)
- Expansion into new geographic markets (under new owner)
- Capitalizing on industry consolidation (under new owner)
Threats
- Increased competition from larger reinsurers
- Catastrophic events leading to significant losses
- Changes in regulatory requirements
- Economic downturn affecting insurance demand
Competitors and Market Share
Key Competitors
- BRK.A
- WRB
- RE
Competitive Landscape
Maiden Holdings faced significant disadvantages compared to larger, more diversified reinsurers with stronger financial positions.
Major Acquisitions
Harco National Insurance Company
- Year: 2012
- Acquisition Price (USD millions): 41.8
- Strategic Rationale: Increase market share of existing insurance lines.
Growth Trajectory and Initiatives
Historical Growth: Initial growth was driven by the AmTrust relationship, but this model proved unsustainable.
Future Projections: Future growth under new ownership is uncertain and dependent on strategic decisions and market conditions.
Recent Initiatives: Recent initiatives are focused on restructuring and repositioning the company after the acquisition.
Summary
Maiden Holdings faced significant challenges due to its over-reliance on a single client and deteriorating financial performance. While initially successful, their business model proved unsustainable, leading to substantial losses and an eventual acquisition. The company needs to diversify its revenue sources and improve its financial stability. The future trajectory of Maiden relies on successful repositioning after the acquisition.
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Sources and Disclaimers
Data Sources:
- Company filings (historical)
- Industry reports
- Financial news sources
Disclaimers:
Data and analysis are based on publicly available information and historical performance. Future results are not guaranteed. This analysis is for informational purposes only and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Maiden Holdings Ltd
Exchange NYSE | Headquaters - | ||
IPO Launch date 2016-06-15 | CEO - | ||
Sector Financials | Industry Insurance | Full time employees 219 | Website |
Full time employees 219 | Website |
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis. The AmTrust Reinsurance segment provides small commercial business insurance, including workers' compensation, commercial package, and other property and casualty insurance products; and specialty risk and extended warranty coverage for consumer and commercial goods, as well as custom designed coverages, such as accidental damage plans and payment protection plans related to the sale of consumer and commercial goods. This segment also offers specialty program comprising package products, general liability, commercial auto liability, excess and surplus lines programs, and other specialty commercial property and casualty insurance to small and middle market companies. In addition, the company offers auto and credit life insurance products through its insurer partners to retail clients. Maiden Holdings, Ltd. was founded in 2007 and is headquartered in Pembroke, Bermuda.
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