MHNC
Maiden Holdings North America, Ltd.
Insurance - Life
Market Cap$1.34B
5Y Perf.-40.9%
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Stock Comparison
MHNC vs GLRE
Revenue, margins, valuation, and 5-year total return — side by side.
GLRE
Greenlight Capital Re, Ltd.
Insurance - Reinsurance
Market Cap$590M
5Y Perf.+145.9%
MHNC vs GLRE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MHNC | GLRE |
|---|---|---|
| Industry | Insurance - Life | Insurance - Reinsurance |
| Market Cap | $1.34B | $590M |
| Revenue (TTM) | $62M | $706M |
| Net Income (TTM) | $-152M | $81M |
| Gross Margin | 8.3% | 38.9% |
| Operating Margin | 116.7% | 6.7% |
| Forward P/E | — | 8.9x |
| Total Debt | $0.00 | $5M |
| Cash & Equiv. | $35M | $112M |
MHNC vs GLRE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MHNC
GLRE
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Maiden Holdings Nor… (MHNC) | 100 | 59.1 | -40.9% |
| Greenlight Capital … (GLRE) | 100 | 245.9 | +145.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MHNC vs GLRE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: GLRE leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Maiden Holdings North America, Ltd. is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
MHNC
Maiden Holdings North America, Ltd.
The Insurance Pick
MHNC is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 4 yrs, beta 0.12
- 21.2% 10Y total return vs GLRE's -16.4%
- Lower volatility, beta 0.12
Best for: income & stability and long-term compounding
GLRE
Greenlight Capital Re, Ltd.
The Insurance Pick
GLRE carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 7.5%, EPS growth 75.0%, 3Y rev CAGR 13.4%
- 7.5% revenue growth vs MHNC's -2.9%
- Better valuation composite
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | GLRE | 7.5% revenue growth vs MHNC's -2.9% |
| Value | GLRE | Better valuation composite |
| Quality / Margins | GLRE | 11.5% margin vs MHNC's -247.5% |
| Stability / Safety | MHNC | Beta 0.12 vs GLRE's 0.40 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | GLRE | +32.4% vs MHNC's -12.6% |
| Efficiency (ROA) | GLRE | 3.8% ROA vs MHNC's -12.3%, ROIC 9.5% vs 312.9% |
MHNC vs GLRE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2018
Segment breakdown not available.
MHNC vs GLRE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLGLRELAGGINGMHNC
MHNCMaiden Holdings North…
1leads
GLREGreenlight Capital Re…
4leads
6 Total Categories
CATEGORYLEADERvs MHNCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
GLRE3/4
Valuation MetricsMultiples, price ratios, and targets
GLRE3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
GLRE6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
GLRE5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
MHNC1/1
Income & Cash Flow (Last 12 Months)
GLRE leads this category, winning 3 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
GLRE is the larger business by revenue, generating $706M annually — 11.5x MHNC's $62M. GLRE is the more profitable business, keeping 11.5% of every revenue dollar as net income compared to MHNC's -2.5%.
| Metric | MHNCMaiden Holdings N… | GLREGreenlight Capita… |
|---|---|---|
| RevenueTrailing 12 months | $62M | $706M |
| EBITDAEarnings before interest/tax | $72M | $51M |
| Net IncomeAfter-tax profit | -$152M | $81M |
| Free Cash FlowCash after capex | -$77M | $237M |
| Gross MarginGross profit ÷ Revenue | +8.3% | +38.9% |
| Operating MarginEBIT ÷ Revenue | +116.7% | +6.7% |
| Net MarginNet income ÷ Revenue | -2.5% | +11.5% |
| FCF MarginFCF ÷ Revenue | -125.9% | +33.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +5.6% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +22.1% |
GLRE leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
GLRE leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, GLRE's 5.8x EV/EBITDA is more attractive than MHNC's 62.1x.
| Metric | MHNCMaiden Holdings N… | GLREGreenlight Capita… |
|---|---|---|
| Market CapShares × price | $1.3B | $590M |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $483M |
| Trailing P/EPrice ÷ TTM EPS | -6.71x | 8.20x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 8.88x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.10x |
| EV / EBITDAEnterprise value multiple | 62.13x | 5.82x |
| Price / SalesMarket cap ÷ Revenue | 23.83x | 0.85x |
| Price / BookPrice ÷ Book value/share | 29.83x | 0.87x |
| Price / FCFMarket cap ÷ FCF | — | 2.81x |
GLRE leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
GLRE leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
GLRE delivers a 11.7% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-4 for MHNC. On the Piotroski fundamental quality scale (0–9), GLRE scores 7/9 vs MHNC's 1/9, reflecting strong financial health.
| Metric | MHNCMaiden Holdings N… | GLREGreenlight Capita… |
|---|---|---|
| ROE (TTM)Return on equity | -4.1% | +11.7% |
| ROA (TTM)Return on assets | -12.3% | +3.8% |
| ROICReturn on invested capital | +3.1% | +9.5% |
| ROCEReturn on capital employed | +3.2% | +6.0% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 7 |
| Debt / EquityFinancial leverage | — | 0.01x |
| Net DebtTotal debt minus cash | -$35M | -$107M |
| Cash & Equiv.Liquid assets | $35M | $112M |
| Total DebtShort + long-term debt | $0 | $5M |
| Interest CoverageEBIT ÷ Interest expense | 2.20x | 15.78x |
GLRE leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
GLRE leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GLRE five years ago would be worth $19,911 today (with dividends reinvested), compared to $9,659 for MHNC. Over the past 12 months, GLRE leads with a +32.4% total return vs MHNC's -12.6%. The 3-year compound annual growth rate (CAGR) favors GLRE at 20.5% vs MHNC's 5.3% — a key indicator of consistent wealth creation.
| Metric | MHNCMaiden Holdings N… | GLREGreenlight Capita… |
|---|---|---|
| YTD ReturnYear-to-date | -11.5% | +25.7% |
| 1-Year ReturnPast 12 months | -12.6% | +32.4% |
| 3-Year ReturnCumulative with dividends | +16.6% | +74.9% |
| 5-Year ReturnCumulative with dividends | -3.4% | +99.1% |
| 10-Year ReturnCumulative with dividends | +21.2% | -16.4% |
| CAGR (3Y)Annualised 3-year return | +5.3% | +20.5% |
GLRE leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — MHNC and GLRE each lead in 1 of 2 comparable metrics.
Risk & Volatility
MHNC is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than GLRE's 0.40 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. GLRE currently trades 91.8% from its 52-week high vs MHNC's 72.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MHNCMaiden Holdings N… | GLREGreenlight Capita… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.12x | 0.40x |
| 52-Week HighHighest price in past year | $18.54 | $19.39 |
| 52-Week LowLowest price in past year | $11.14 | $11.57 |
| % of 52W HighCurrent price vs 52-week peak | +72.8% | +91.8% |
| RSI (14)Momentum oscillator 0–100 | 54.4 | 49.6 |
| Avg Volume (50D)Average daily shares traded | 5K | 204K |
Evenly matched — MHNC and GLRE each lead in 1 of 2 comparable metrics.
Analyst Outlook
MHNC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
| Metric | MHNCMaiden Holdings N… | GLREGreenlight Capita… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | — | 3 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 4 | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +1.7% |
MHNC leads this category, winning 1 of 1 comparable metric.
Key Takeaway
GLRE leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). MHNC leads in 1 (Analyst Outlook). 1 tied.
Best OverallGreenlight Capital Re, Ltd. (GLRE)Leads 4 of 6 categories
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MHNC vs GLRE: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is MHNC or GLRE a better buy right now?
For growth investors, Greenlight Capital Re, Ltd.
(GLRE) is the stronger pick with 7. 5% revenue growth year-over-year, versus -2. 9% for Maiden Holdings North America, Ltd. (MHNC). Greenlight Capital Re, Ltd. (GLRE) offers the better valuation at 8. 2x trailing P/E (8. 9x forward), making it the more compelling value choice. Analysts rate Greenlight Capital Re, Ltd. (GLRE) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — MHNC or GLRE?
Over the past 5 years, Greenlight Capital Re, Ltd.
(GLRE) delivered a total return of +99. 1%, compared to -3. 4% for Maiden Holdings North America, Ltd. (MHNC). Over 10 years, the gap is even starker: MHNC returned +21. 2% versus GLRE's -16. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — MHNC or GLRE?
By beta (market sensitivity over 5 years), Maiden Holdings North America, Ltd.
(MHNC) is the lower-risk stock at 0. 12β versus Greenlight Capital Re, Ltd. 's 0. 40β — meaning GLRE is approximately 225% more volatile than MHNC relative to the S&P 500.
04Which is growing faster — MHNC or GLRE?
By revenue growth (latest reported year), Greenlight Capital Re, Ltd.
(GLRE) is pulling ahead at 7. 5% versus -2. 9% for Maiden Holdings North America, Ltd. (MHNC). On earnings-per-share growth, the picture is similar: Greenlight Capital Re, Ltd. grew EPS 75. 0% year-over-year, compared to -414. 1% for Maiden Holdings North America, Ltd.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — MHNC or GLRE?
Greenlight Capital Re, Ltd.
(GLRE) is the more profitable company, earning 10. 7% net margin versus -356. 1% for Maiden Holdings North America, Ltd. — meaning it keeps 10. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MHNC leads at 37. 4% versus 11. 2% for GLRE. At the gross margin level — before operating expenses — MHNC leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — MHNC or GLRE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is MHNC or GLRE better for a retirement portfolio?
For long-horizon retirement investors, Maiden Holdings North America, Ltd.
(MHNC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 12)). Both have compounded well over 10 years (MHNC: +21. 2%, GLRE: -16. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between MHNC and GLRE?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MHNC is a small-cap quality compounder stock; GLRE is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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