Maiden | 10-Q: FY2025 Q1 Revenue: USD 14.05 K

Revenue: As of FY2025 Q1, the actual value is USD 14.05 K.

EPS: As of FY2025 Q1, the actual value is USD -0.09.

Diversified Reinsurance Segment

• Net Premiums Written: $4,991 for the three months ended March 31, 2025, compared to $8,819 for the same period in 2024, representing a decrease of 43.4%.
• Net Premiums Earned: $5,000 for the three months ended March 31, 2025, compared to $8,991 for the same period in 2024, representing a decrease of 44.4%.
• Underwriting Income: $2,254 for the three months ended March 31, 2025.
• Prior Year Loss Development: Favorable development of $4,557 for the three months ended March 31, 2025.

AmTrust Reinsurance Segment

• Net Premiums Written: -$942 for the three months ended March 31, 2025, compared to -$505 for the same period in 2024, representing an increase in negative premiums of 86.5%.
• Net Premiums Earned: $2,684 for the three months ended March 31, 2025, compared to $3,417 for the same period in 2024, representing a decrease of 21.5%.
• Underwriting Income: $5,200 for the three months ended March 31, 2025.
• Prior Year Loss Development: Favorable development of $7,804 for the three months ended March 31, 2025.

Cash Flow

• Net Cash Used in Operating Activities: -$21,126 for the three months ended March 31, 2025, compared to $8,049 provided in the same period in 2024.
• Net Cash Provided by Investing Activities: $29,477 for the three months ended March 31, 2025, compared to -$19,736 used in the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on transforming its business plan and operations through strategic transactions, including the combination agreement with Kestrel Group LLC, which is expected to close in the second quarter of 2025.
• Non-Core Business: The company is divesting its IIS business, including the sale of its Swedish subsidiaries, Maiden LF and Maiden GF, to an international insurance group headquartered in the UK.

Unique Metrics

• Alternative Investments: The company has invested $254.2 million into alternative investments, including equity securities, other investments, and equity method investments.