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Maiden Holdings North America, Ltd.(MHNC)Earnings, Financials & Key Ratios
MHNC•NYSE•Insurance & Managed Care
$13.25
$1.32B mkt cap·Price updated May 6, 2026
AboutPart of Maiden Holdings Ltd., Maiden Holdings North America Ltd. provides reinsurance services. The private company is located in the US.Show more
- Revenue$56M-2.9%
- Combined Ratio62.63%-69.3%
- Net Income-$201M-462.6%
- Return on Equity-883.82%-105.3%
- Medical Cost Ratio0%
- Operating Margin37.37%-71.2%
- Net Margin-356.1%-473.4%
- ROA-30.5%-101.1%
- Equity / Assets3.43%-77.7%
- Book Value per Share0.45+13755.1%
- Tangible BV/Share0.45+13755.2%
MHNC Key Insights
Maiden Holdings North America, Ltd. (MHNC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 7178.2%
✗Weaknesses
- ✗Weak Piotroski F-Score: 1/9
- ✗Shares diluted 14.6% in last year
- ✗Expensive at 29.3x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MHNC Price & Volume
Maiden Holdings North America, Ltd. (MHNC) stock price & volume — 10-year historical chart
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MHNC Growth Metrics
Maiden Holdings North America, Ltd. (MHNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-86.48%
3 Years-
TTM2.96%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-363.15%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-18.46%
Return on Capital
10 Years7150.18%
5 Years944.38%
3 Years1542.56%
Last Year3.2%
MHNC Recent Earnings
Maiden Holdings North America, Ltd. (MHNC) EPS & revenue vs analyst estimates — last 4 quarters
Q4 2023Latest
Sep 30, 2023EPS
$0.03
Revenue
$22M
Q3 2023
Jun 30, 2023EPS
$0.03
Revenue
$23M
Q2 2023
Mar 31, 2023EPS
$0.11
Revenue
$19M
Q4 2022
Dec 31, 2022EPS
$0.56
Revenue
$40M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2023Latest | Sep 30, 2023 | $0.03 | $22M |
| Q3 2023 | Jun 30, 2023 | $0.03 | $23M |
| Q2 2023 | Mar 31, 2023 | $0.11 | $19M |
| Q4 2022 | Dec 31, 2022 | $0.56 | $40M |
Based on last 4 quarters of dataView full earnings history →
MHNC Peer Comparison
Maiden Holdings North America, Ltd. (MHNC) competitors in Legacy blocks and life policy investors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RNR | 13.06B | 302.63 | 5.34 | 9.45% | 26.93% | 16.59% | 0.12 | |
 MKL | 22.34B | 1785.58 | 10.55 | -0.96% | 10.7% | 9.56% | 0.23 | |
 GLRE | 606.27M | 17.84 | 8.22 | 7.47% | 11.46% | 11.68% | 0.01 | |
 PLMR | 2.94B | 110.75 | 15.45 | 58.16% | 22.56% | 22.79% | 0.01 | |
 TRV | 65.22B | 301.59 | 10.99 | 5.17% | 12.88% | 19.12% | 0.28 | |
 HIG | 36.71B | 133.49 | 10.02 | 7.1% | 14.13% | 22.01% | 0.23 | |
 CNA | 11.75B | 43.43 | 9.26 | 5.1% | 8.95% | 11.94% | 0.26 | |
 AFG | 10.99B | 132.25 | 13.12 | -1.26% | 10.34% | 18.25% | 0.38 |
Compare MHNC vs Peers
Maiden Holdings North America, Ltd. (MHNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MHNC Income Statement
Maiden Holdings North America, Ltd. (MHNC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'20 | Dec'21 | Dec'22 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 419.77B | 983.15B | 1.25T | 1.64T | 0 | 98.72M | 58.13M | 56.44M | 61.54M |
| Revenue Growth % | - | 134.21% | 26.94% | 31.44% | -100% | - | -41.11% | -2.92% | 2.96% |
| Medical Costs & Claims | 1.25B | 38.73B | 5.81B | 5.03B | 0 | 0 | 0 | 0 | 0 |
| Medical Cost Ratio % | 0.3% | 3.94% | 0.47% | 0.31% | - | 0% | 0% | 0% | 0% |
| Gross Profit | 418.51B▲ 0% | 944.42B▲ 125.7% | 1.24T▲ 31.5% | 1.64T▲ 31.7% | 0▼ 100.0% | 98.72M▲ 0% | 58.13M▼ 41.1% | 56.44M▼ 2.9% | 5.11M▲ 0% |
| Gross Margin % | 99.7% | 96.06% | 99.53% | 99.69% | - | 100% | 100% | 100% | 8.3% |
| Gross Profit Growth % | - | 125.66% | 31.53% | 31.65% | -100% | - | -41.11% | -2.92% | - |
| Operating Expenses | 14.97B | 0 | 42.18B | 53.89B | 8.48M | 36.02M | 118.53M | 35.35M | 123.14M |
| OpEx / Revenue % | 3.57% | 0% | 3.38% | 3.29% | - | 36.49% | 203.89% | 62.63% | 200.1% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 8.69M | 19.33M | 228.49K | 0 | 11.6K |
| Combined Ratio % | 3.87% | 3.94% | 3.85% | 3.59% | - | 36.49% | 203.89% | 62.63% | 200.1% |
| Operating Income | 403.54B▲ 0% | 62.4B▼ 84.5% | 1.2T▲ 1823.1% | 1.58T▲ 31.8% | 8.48M▼ 100.0% | 26.66M▲ 214.3% | 75.32M▲ 182.5% | 21.09M▼ 72.0% | 71.82M▲ 0% |
| Operating Margin % | 96.13% | 6.35% | 96.15% | 96.41% | - | 27.01% | 129.57% | 37.37% | 116.7% |
| Operating Income Growth % | - | -84.54% | 1823.11% | 31.79% | -100% | 214.28% | 182.52% | -72% | - |
| EBITDA | 403.54B | 62.4B | 1.2T | 1.58T | 17.17M | 45.99M | 75.55M | 21.09M | 71.83M |
| EBITDA Margin % | 96.13% | 6.35% | 96.15% | 96.41% | - | 46.58% | 129.96% | 37.37% | 116.72% |
| Interest Expense | 0 | 34.43B | 36.47B | 34.16B | 0 | 19.33M | 19.33M | 19.27M | 28.95M |
| Non-Operating Income | 0 | 0 | 1.09T | 1.52T | 0 | 0 | 0 | 201.74M | 0 |
| Pretax Income | 18.79B▲ 0% | 62.4B▲ 232.0% | 71.19B▲ 14.1% | 30.45B▼ 57.2% | 0▼ 100.0% | 26.66M▲ 0% | 55.99M▲ 110.0% | -199.91M▼ 457.1% | -151.23M▲ 0% |
| Pretax Margin % | 4.48% | 6.35% | 5.7% | 1.86% | - | 27.01% | 96.31% | -354.23% | -245.73% |
| Income Tax | 0 | 1.34B | 1.33B | 1.93B | 0 | 15K | 557K | 1.05M | 1.08M |
| Effective Tax Rate % | 0% | 2.15% | 1.87% | 6.33% | - | 0.06% | 0.99% | -0.53% | -0.71% |
| Net Income | 18.79B▲ 0% | 61.06B▲ 224.9% | 69.87B▲ 14.4% | 28.52B▼ 59.2% | 0▼ 100.0% | 26.64M▲ 0% | 55.43M▲ 108.0% | -200.97M▼ 462.6% | -152.31M▲ 0% |
| Net Margin % | 4.48% | 6.21% | 5.6% | 1.74% | - | 26.99% | 95.36% | -356.1% | -247.48% |
| Net Income Growth % | - | 224.88% | 14.43% | -59.17% | -100% | - | 108.04% | -462.55% | -363.15% |
| EPS (Diluted) | 0.00▲ 0% | 0.00▲ 200.0% | 0.00▲ 11.1% | 0.00▼ 60.0% | 0.00▼ 100.0% | 0.31▲ 0% | 0.64▲ 106.5% | -2.01▼ 414.1% | -1.54▲ 0% |
| EPS Growth % | - | - | - | - | - | - | 106.45% | -414.06% | -18.46% |
| EPS (Basic) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.64 | -2.01 | - |
| Diluted Shares Outstanding | 59.34T | 70.06T | 71.37T | 72.9T | 84.94M | 86.55M | 87.16M | 99.9M | 99.12M |
MHNC Balance Sheet
Maiden Holdings North America, Ltd. (MHNC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'20 | Dec'21 | Dec'22 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 2.13B | 2.64B | 2.98B | 3.35T | 2.95M | 2.32M | 1.85M | 1.32B | 1.23B |
| Asset Growth % | - | 23.88% | 13.11% | 112355.17% | -100% | -21.23% | -20.48% | 71156.17% | -20.48% |
| Total Investment Assets | 0 | 0 | 0 | 2.02T | 0 | 822.61K | 160.32K | 0 | 1000K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | -66.09K | 80.16K | 0 | 80.16M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 888.7K | 80.16K | 0 | 0 |
| Total Current Assets | 131.9M | 107.4M | 96.2M | 570.75B | 1.46M | 908.21K | 1.09M | 55.54M | 65.98M |
| Cash & Equivalents | 131.9M | 107.4M | 96.2M | 188.08B | 1.46M | 888.7K | 633.68K | 34.73M | 44.27M |
| Receivables | 0 | 0 | 0 | 382.67B | 5.78K | 19.51K | 452.12K | 20.81M | 519.33M |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | -888.7K | -80.16K | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 98.75B | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 382.67B | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 0 | 0 | 0 | 66.09K | 0 | 0 | 0 |
| Total Liabilities | 0 | 0 | 0 | 0 | 2.42M | 1.94M | 1.56M | 1.27B | 1.2B |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -131.9M | -107.4M | -96.2M | -188.08B | -1.46M | -888.66K | -633.68K | -34.73M | -44.27M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 1.94M | 0 | 0 | 0 |
| Total Equity | 509.8M▲ 0% | 676.5M▲ 32.7% | 750.2M▲ 10.9% | 768.98B▲ 102403.3% | 527.82K▼ 100.0% | 384.26K▼ 27.2% | 284.58K▼ 25.9% | 45.19M▲ 15780.7% | 37.57M▲ 0% |
| Equity Growth % | - | 32.7% | 10.89% | 102403.33% | -100% | -27.2% | -25.94% | 15780.65% | -25.94% |
| Shareholders Equity | 509.8M | 676.5M | 750.2M | 768.64B | 527.82K | 384.26K | 284.58K | 45.19M | 37.57M |
| Minority Interest | 0 | 0 | 0 | 338M | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 | 128.65B | -615.84M | -498.3K | -442.86K | -687.91M | -696.56M |
| Common Stock | 0 | 0 | 0 | 732M | 898K | 923K | 1.49K | 1.5M | 1.51M |
| Accumulated OCI | 0 | 0 | 0 | 64.06B | 23.86K | -12.21K | -41.23K | -32.73M | -31.93M |
| Return on Equity (ROE) | 3686.54% | 10293.85% | 9794.07% | 7.41% | - | 5842.73% | 16575.66% | -883.82% | -405.36% |
| Return on Assets (ROA) | 882.93% | 2562.5% | 2486.56% | 1.7% | - | 1010.99% | 2658.94% | -30.5% | -12.34% |
| Equity / Assets | 23.95% | 25.66% | 25.15% | 22.93% | 17.9% | 16.54% | 15.41% | 3.43% | 3.04% |
| Debt / Equity | - | - | - | - | - | - | - | - | 0.00x |
| Book Value per Share | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.45 | 0.38 |
| Tangible BV per Share | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.45 | 0.38 |
MHNC Cash Flow Statement
Maiden Holdings North America, Ltd. (MHNC) cash flow — operating, investing & free cash flow history
| Line item | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'20 | Dec'21 | Dec'22 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 589.39B | 41.98B | 151.58B | 181.35B | -541.77M | 0 | -195.93M | -67.45M | -67.45M |
| Operating CF Growth % | - | -92.88% | 261.06% | 19.64% | -100.3% | 100% | - | 65.57% | 0% |
| Operating CF / Revenue % | 140.41% | 4.27% | 12.15% | 11.05% | - | 0% | -337.04% | -119.51% | -109.6% |
| Net Income | 18.79B | 61.06B | 69.86B | 28.53B | 0 | 26.64M | -60.04M | -200.97M | -152.31M |
| Depreciation & Amortization | 1.31B | 7.36B | 7.21B | 8.6B | 8.69M | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | -1.7B | -5.47B | -3.59B | 22.24B | 0 | 0 | 0 | -5.26M | -11.32M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 570.98B | -20.96B | 78.1B | 121.99B | -584.02M | -26.09M | -112K | 138.78M | 139M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 24.87M | -553.68K | -135.78M | 0 | -25.53M |
| Cash from Investing | -716.93B | -173.43B | -125.19B | 13.25B | 596.04M | 0 | 188.79M | 77.74M | 84.17M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | -108.64B | -13.61B | -4.89B | 635M | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -479.24B | -891.47B | -1.03T | -637.31B | -36.82M | 0 | -95.56M | -37.77M | -21.66M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 2M |
| Other Investing | -458.19B | 531.44B | -710.61B | -374.67B | 127.47M | 0 | 218.74M | 14.57M | 13.03M |
| Cash from Financing | 223.71B | 105.89B | -37.24B | -20.92B | -30.13M | 0 | -10.98M | -3.73M | -3.73M |
| Dividends Paid | -8.93B | -12.65B | -18.39B | -20.92B | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -1K | 0 | -1.01M | -3.73M | -3.73M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 232.65B | 118.54B | -18.84B | 0 | -30.13M | 0 | -10.98M | -3.73M | -3.73M |
| Net Change in Cash | 96.17B▲ 0% | -24.5B▼ 125.5% | -11.24B▲ 54.1% | -25.14B▼ 123.6% | 28.55M▲ 100.1% | 0▼ 100.0% | -19.46M▲ 0% | 5.41M▲ 127.8% | 1.84M▲ 0% |
| Exchange Rate Effect | 0 | 1000K | -1000K | -1000K | 1000K | 0 | -1000K | -1000K | 598K |
| Cash at Beginning | 35.73B | 131.9B | 107.4B | 0 | 107.28M | 135.83M | 66.09M | 42.68M | 34.73M |
| Cash at End | 131.9B | 107.4B | 96.15B | -25.14B | 135.83M | 135.83M | 46.62M | 48.08M | 43.9M |
| Free Cash Flow | 589.39B▲ 0% | 41.98B▼ 92.9% | 151.58B▲ 261.1% | 181.35B▲ 19.6% | -541.77M▼ 100.3% | 0▲ 100.0% | -195.93M▲ 0% | -67.45M▲ 65.6% | -77.5M▲ 0% |
| FCF Growth % | - | -92.88% | 261.06% | 19.64% | -100.3% | 100% | - | 65.57% | 22.37% |
| FCF Margin % | 140.41% | 4.27% | 12.15% | 11.05% | - | 0% | -337.04% | -119.51% | -125.93% |
| FCF per Share | 0.01 | 0 | 0 | 0 | -6.38 | - | -2.25 | -0.68 | -0.68 |
MHNC Key Ratios
Maiden Holdings North America, Ltd. (MHNC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2009 | 2010 | 2011 | 2020 | 2021 | 2022 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 3.94% | 3.85% | 3.59% | - | 36.49% | 203.89% | 62.63% | 200.1% |
| Medical Cost Ratio | 3.94% | 0.47% | 0.31% | - | 0% | 0% | 0% | 0% |
| Return on Equity (ROE) | 10293.85% | 9794.07% | 7.41% | - | 5842.73% | 16575.66% | -883.82% | -405.36% |
| Return on Assets (ROA) | 2562.5% | 2486.56% | 1.7% | - | 1010.99% | 2658.94% | -30.5% | -12.34% |
| Equity / Assets | 25.66% | 25.15% | 22.93% | 17.9% | 16.54% | 15.41% | 3.43% | 3.04% |
| Book Value / Share | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0.45 | 0.38 |
| Debt / Equity | - | - | - | - | - | - | - | 0.00x |
| Revenue Growth | 134.21% | 26.94% | 31.44% | -100% | - | -41.11% | -2.92% | 2.96% |
MHNC SEC Filings & Documents
Maiden Holdings North America, Ltd. (MHNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
MHNC Frequently Asked Questions
Maiden Holdings North America, Ltd. (MHNC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Maiden Holdings North America, Ltd. (MHNC) saw revenue decline by 2.9% over the past year.
Maiden Holdings North America, Ltd. (MHNC) reported a net loss of $152.3M for fiscal year 2024.
Dividend & Returns
Maiden Holdings North America, Ltd. (MHNC) has a return on equity (ROE) of -883.8%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Maiden Holdings North America, Ltd. (MHNC) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.
Explore More MHNC
Maiden Holdings North America, Ltd. (MHNC) financial analysis — history, returns, DCA and operating performance tools
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Earnings History
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Price History
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Revenue History
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Financial Ratios
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Valuation
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