2023 Q1 Form 10-K Financial Statement

#000141210023000030 Filed on March 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $19.49M $9.709M $58.13M
YoY Change 93.98% -61.26% -41.11%
Cost Of Revenue $9.815M $57.99M
YoY Change -529.92% 693.64%
Gross Profit $9.678M $141.0K
YoY Change -21.52% -99.85%
Gross Profit Margin 49.65% 0.24%
Selling, General & Admin $10.11M $11.98M $49.46M
YoY Change -7.15% -1.46% -18.73%
% of Gross Profit 104.44% 35076.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.235M $1.000M $18.51M
YoY Change 67.52% 348.43% -25.48%
% of Gross Profit 43.76% 13128.37%
Operating Expenses $3.146M $47.95M $11.63M
YoY Change 21.8% 302.47% 12.5%
Operating Profit $6.532M -$11.49M
YoY Change -33.0% -114.18%
Interest Expense -$5.811M -$15.70M -$11.08M
YoY Change 558.1% 388.0% -4.86%
% of Operating Profit -88.96%
Other Income/Expense, Net
YoY Change
Pretax Income -$11.31M -$53.94M -$60.60M
YoY Change 475.32% -643.26% -327.3%
Income Tax -$28.00K -$1.008M -$557.0K
% Of Pretax Income
Net Earnings -$11.33M $36.04M -$60.04M
YoY Change 481.22% 190.96% -325.34%
Net Earnings / Revenue -58.11% 371.21% -103.28%
Basic Earnings Per Share -$0.11 $0.63
Diluted Earnings Per Share -$0.11 $0.41 $0.63
COMMON SHARES
Basic Shares Outstanding 101.5M shares 87.17M shares 87.11M shares
Diluted Shares Outstanding 101.6M shares 87.11M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $24.19M $30.99M $30.99M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $382.0K $300.0K $300.0K
YoY Change -36.58% -36.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.90M $80.16M $755.0M
YoY Change -22.96% -4.28% -23.78%
Other Assets $17.17M $15.64M $15.64M
YoY Change -50.83% -60.33% -60.33%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.756B $1.847B $1.847B
YoY Change -20.75% -20.48% -20.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $50.98M $60.52M $60.52M
YoY Change -21.81% 35.87% 35.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $50.98M $60.52M $60.52M
YoY Change -21.81% 35.87% 35.87%
LONG-TERM LIABILITIES
Long-Term Debt $254.6M $255.6M $255.6M
YoY Change -0.31% 0.09% 0.09%
Other Long-Term Liabilities $49.28M $47.71M $47.71M
YoY Change -6.67% -2.56% -2.56%
Total Long-Term Liabilities $303.9M $303.3M $303.3M
YoY Change -1.4% -0.34% -0.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.98M $60.52M $60.52M
Total Long-Term Liabilities $303.9M $303.3M $303.3M
Total Liabilities $1.485B $1.562B $1.562B
YoY Change -19.64% -19.4% -19.4%
SHAREHOLDERS EQUITY
Retained Earnings -$459.7M -$442.9M
YoY Change -7.45% -11.12%
Common Stock $1.496M $1.492M
YoY Change 60.34% 61.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $270.8M $284.6M $284.6M
YoY Change
Total Liabilities & Shareholders Equity $1.756B $1.847B $1.847B
YoY Change -20.75% -20.48% -20.48%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$11.33M $36.04M -$60.04M
YoY Change 481.22% 190.96% -325.34%
Depreciation, Depletion And Amortization $4.235M $1.000M $18.51M
YoY Change 67.52% 348.43% -25.48%
Cash From Operating Activities -$20.35M -$96.10M -$195.9M
YoY Change -73.26% 1.49% -50.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $8.000K $69.41M $88.00K
YoY Change -71.43% -42.09% -122.22%
Cash From Investing Activities $15.27M $69.41M $188.8M
YoY Change -82.27% -42.09% -59.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.009M
YoY Change -59.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$288.0K 0.000 -$10.98M
YoY Change -92.6% -100.0% -92.09%
NET CHANGE
Cash From Operating Activities -$20.35M -96.10M -$195.9M
Cash From Investing Activities $15.27M 69.41M $188.8M
Cash From Financing Activities -$288.0K 0.000 -$10.98M
Net Change In Cash -$5.263M -26.68M -$19.46M
YoY Change -190.76% -274.83% -72.09%
FREE CASH FLOW
Cash From Operating Activities -$20.35M -$96.10M -$195.9M
Capital Expenditures
Free Cash Flow
YoY Change

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ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
477920000 usd
CY2022 mhld Proceeds From Maturities Prepayments And Calls Of Debt Securities Investing Activities
ProceedsFromMaturitiesPrepaymentsAndCallsOfDebtSecuritiesInvestingActivities
98462000 usd
CY2021 mhld Proceeds From Maturities Prepayments And Calls Of Debt Securities Investing Activities
ProceedsFromMaturitiesPrepaymentsAndCallsOfDebtSecuritiesInvestingActivities
344989000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
4403000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
832000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
61209000 usd
CY2021 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
6777000 usd
CY2022 mhld Proceeds From Equity Securities Distribution
ProceedsFromEquitySecuritiesDistribution
0 usd
CY2021 mhld Proceeds From Equity Securities Distribution
ProceedsFromEquitySecuritiesDistribution
441000 usd
CY2022 us-gaap Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
2725000 usd
CY2021 us-gaap Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
421000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
88000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
25000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
188790000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
464064000 usd
CY2022 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
9984000 usd
CY2021 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
136255000 usd
CY2022 mhld Payments For Share Based Payment Arrangement Settlement And Options Exercised
PaymentsForShareBasedPaymentArrangementSettlementAndOptionsExercised
-10000 usd
CY2021 mhld Payments For Share Based Payment Arrangement Settlement And Options Exercised
PaymentsForShareBasedPaymentArrangementSettlementAndOptionsExercised
166000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1009000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2482000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10983000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-138903000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1342000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-470000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19463000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-69739000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66087000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135826000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46624000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66087000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30986000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26668000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15638000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
39419000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46624000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
19106000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
19106000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1149000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
109000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Organization<div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Maiden Holdings, Ltd. (sometimes referred to as "Maiden Holdings" or "Parent Company") is a Bermuda-based holding company. Together with its subsidiaries (collectively referred to as the "Company", "we" or "Maiden"), Maiden creates shareholder value by actively managing and allocating our assets and capital, including through ownership and management of businesses and assets primarily in the insurance and related financial services industries where we can leverage our deep knowledge of those markets. We are currently underwriting reinsurance risks on a retroactive basis through our indirect wholly owned subsidiary Genesis Legacy Solutions ("GLS") which provides a full 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. GLS works with clients to develop and implement finality solutions including acquiring entire companies that enable our clients to meet their capital and risk management objectives. We expect this legacy solutions business to contribute to our active asset and capital management strategies. The Company does not presently underwrite prospective reinsurance risks. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Short-term income protection business is written on a primary basis by our wholly owned subsidiaries Maiden Life Försäkrings AB ("Maiden LF") and Maiden General Försäkrings AB ("Maiden GF") in the Scandinavian and Northern European markets. Insurance support services are provided to Maiden LF and Maiden GF by our wholly owned subsidiary services company, Maiden Global Holdings Ltd. (“Maiden Global”), which is also a licensed intermediary in the United Kingdom. Maiden Global had previously operated internationally by providing branded auto and credit life insurance products through insurer partners, particularly those in the European Union ("EU") and other global markets ("IIS business"). These products also produced reinsurance programs which were underwritten by our wholly owned subsidiary Maiden Reinsurance Ltd. (“Maiden Reinsurance”).</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">We also have various historic reinsurance programs underwritten by Maiden Reinsurance which are in run-off, including the liabilities associated with AmTrust Financial Services, Inc. ("AmTrust") reinsurance agreements which were terminated in 2019 as discussed in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">"Note 10 — Related Party Transactions"</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">. In addition, we have a retroactive reinsurance agreement and a commutation agreement that further reduces our exposure and limits the potential volatility related to AmTrust liabilities, which are discussed in "</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Note 8 — Reinsurance</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">" of the Notes to Consolidated Financial Statements.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Genesis Legacy Solutions</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effective October 1, 2021, GLS completed its first loss portfolio transfer transaction which included an adverse development cover. GLS continues to write additional retroactive reinsurance transactions and in 2022 has acquired insurance companies for run-off purposes, both consistent with its business plan. As of December 31, 2022, GLS related companies and its subsidiaries have insurance liabilities that it assumed through retroactive reinsurance contracts of $45,089 which included total reserves of $28,230, an underwriting-related derivative liability of $14,559, and deferred gains on retroactive reinsurance of $2,300. In addition to producing returns that exceed the target cost of capital, on a longer-term basis we expect business produced through GLS to further enhance our ability to pursue the asset and capital management pillars of our business strategy.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Exchange of Preference Shares</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">On December 27, 2022 (the "Exchange Date"), the Company exchanged all of its outstanding 8.250% Non-Cumulative Preference Shares, Series A (the “Series A Preference Shares”), 7.125% Non-Cumulative Preference Shares, Series C (the “Series C Preference Shares”) and 6.700% Non-Cumulative Preference Shares, Series D (the “Series D Preference Shares” and, together with the Series A Preference Shares and the Series C Preference Shares, the “Preference Shares”) for its common shares, $0.01 par value per share (the "Exchange"). To effectuate the Exchange under the terms of each series of the Preference Shares, the affirmative vote of holders of two-thirds of the issued shares of each series of Preference Shares was required. Maiden Reinsurance, which owned approximately 74% of each series of Preference Shares immediately preceding the Exchange Date, consented to the variation in order to effectuate the Exchange. The Exchange was approved by a special committee of the Board of the Company consisting of disinterested directors and, upon advice of the special committee's financial advisor, approved a conversion ratio of three common shares per preference share for record holders of the Preference Shares. Under the terms of the Exchange, preference shareholders received common shares of the Company having a fair value that meets the “Minimum Price” as determined in accordance with the rules of the Nasdaq and as described in an information statement that the Company filed with the Securities and Exchange Commission (the “SEC”) and distributed to preference shareholders. As a result of the Exchange, the Preference Shares were delisted and no longer trade on the New York Stock Exchange, and there are no remaining issued and outstanding Preference Shares as at December 31, 2022. All rights of the former holders related to ownership of the Preference Shares terminated upon completion of the Exchange. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">As of December 27, 2022, Maiden Reinsurance owns 29% of the Company's total outstanding common shares as described above, which is eliminated for accounting and financial reporting purposes on the Company’s consolidated financial statements.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The voting power of Maiden Reinsurance, with respect to its common shares, will be capped at 9.5% pursuant to the bye-laws of the Company. The Exchange and the ownership of the common shares by Maiden Reinsurance was made in compliance with Maiden Reinsurance's investment policy which was approved by the Vermont Department of Financial Regulation ("Vermont DFR"). The Vermont DFR additionally specifically approved the ownership of the Company's common shares by Maiden Reinsurance related to the Exchange.</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Company recorded a gain of approximately $87,240 as a result of the Exchange. Please see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">"Note 6 — Shareholders' Equity" </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">for further discussion.</span></div>
CY2022Q4 mhld Insurance Related Liabilities
InsuranceRelatedLiabilities
45089000 usd
CY2022 mhld Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
derivative liability
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> — The preparation of U.S. GAAP Consolidated Financial Statements requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. The significant estimates include, but are not limited to, reserve for loss and loss adjustment expenses ("loss and LAE"), deferred gain on retroactive reinsurance; recoverability of reinsurance balances receivable, reinsurance recoverable on unpaid losses, funds withheld and deferred commission and other acquisition expenses; valuation of financial instruments and deferred tax assets; and the determination of other-than-temporary impairment ("OTTI") of investments.</span>
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2021Q4 us-gaap Deposit Contracts Liabilities
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0 usd
CY2022Q4 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
330439000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
314527000 usd
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FixedMaturitiesContinuousUnrealizedLossPositionLessthanTwelveMonthsFairValue
208245000 usd
CY2022Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Lessthan12 Months Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
10425000 usd
CY2022Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Twelve Monthsor Longer Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionTwelveMonthsorLongerFairValue
103992000 usd
CY2022Q4 mhld Fixed Maturities Continuous Unrealized Loss Position12 Monthsor Longer Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPosition12MonthsorLongerAccumulatedLoss
5488000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10
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PreferredStockRedemptionDiscountImpactOnCommonStockPerShare
1.33
CY2022Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionFairValue
312237000 usd
CY2022Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionAccumulatedLoss
15913000 usd
CY2022Q4 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositions
88 security
CY2022Q4 mhld Investments Continuous Unrealized Loss Position Fair Value
InvestmentsContinuousUnrealizedLossPositionFairValue
312237000 usd
CY2022Q4 mhld Investments Continuous Unrealized Loss Position Accumulated Loss
InvestmentsContinuousUnrealizedLossPositionAccumulatedLoss
15913000 usd
CY2022 us-gaap Number Of Reportable Segments
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2 segment
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5479000 usd
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5082000 usd
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37732000 usd
CY2022 us-gaap Other Income
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PolicyholderBenefitsAndClaimsIncurredNet
57991000 usd
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18511000 usd
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11634000 usd
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24930000 usd
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ForeignCurrencyTransactionandOtherGainLossbeforeTax
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10403000 usd
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52993000 usd
CY2021 us-gaap Other Income
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7307000 usd
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24840000 usd
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10341000 usd
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CY2021 us-gaap Net Income Loss
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CY2022Q4 us-gaap Assets
Assets
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CY2021Q4 us-gaap Assets
Assets
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CY2022Q4 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions Greaterthanor Equalto One Year
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositionsGreaterthanorEqualtoOneYear
26 security
CY2022Q4 mhld Investments Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
InvestmentsContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
103992000 usd
CY2022Q4 mhld Investments Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
InvestmentsContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
5488000 usd
CY2021Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Lessthan Twelve Months Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionLessthanTwelveMonthsFairValue
219979000 usd
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FixedMaturitiesContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
8135000 usd
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5479000 usd
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PremiumsWrittenGross
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5082000 usd
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37732000 usd
CY2022 us-gaap Premiums Written Net
PremiumsWrittenNet
5082000 usd
CY2021 us-gaap Premiums Written Net
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10403000 usd
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37732000 usd
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PremiumsEarnedNetAsPercentOfTotal
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CY2021 us-gaap Premiums Earned Net
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52993000 usd
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1.000
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1000 usd
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15913000 usd
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13341000 usd
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11540000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
72870000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
72571000 usd
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AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
76439000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
72883000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
16044000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
13849000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
165353000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
159303000 usd
CY2021Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Twelve Monthsor Longer Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionTwelveMonthsorLongerFairValue
32916000 usd
CY2021Q4 mhld Fixed Maturities Continuous Unrealized Loss Position12 Monthsor Longer Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPosition12MonthsorLongerAccumulatedLoss
3405000 usd
CY2021Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionFairValue
252895000 usd
CY2021Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionAccumulatedLoss
11540000 usd
CY2021Q4 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositions
44 security
CY2021Q4 mhld Investments Continuous Unrealized Loss Position Fair Value
InvestmentsContinuousUnrealizedLossPositionFairValue
252895000 usd
CY2021Q4 mhld Investments Continuous Unrealized Loss Position Accumulated Loss
InvestmentsContinuousUnrealizedLossPositionAccumulatedLoss
11540000 usd
CY2021Q4 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions Greaterthanor Equalto One Year
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositionsGreaterthanorEqualtoOneYear
8 security
CY2021Q4 mhld Investments Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
InvestmentsContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
32916000 usd
CY2021Q4 mhld Investments Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
InvestmentsContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
3405000 usd
CY2021 mhld Other Than Temporary Impairment Debt Securities
OtherThanTemporaryImpairmentDebtSecurities
0 usd
CY2022 mhld Other Than Temporary Impairment Debt Securities
OtherThanTemporaryImpairmentDebtSecurities
0 usd
CY2022Q4 mhld Fixed Maturities Amortized Cost Basis
FixedMaturitiesAmortizedCostBasis
330439000 usd
CY2022Q4 mhld Fixed Maturities Fair Value
FixedMaturitiesFairValue
314527000 usd
CY2022Q4 mhld Fixed Maturities Percentof Total Fair Value
FixedMaturitiesPercentofTotalFairValue
1.000
CY2021Q4 mhld Fixed Maturities Amortized Cost Basis
FixedMaturitiesAmortizedCostBasis
595344000 usd
CY2021Q4 mhld Fixed Maturities Fair Value
FixedMaturitiesFairValue
597145000 usd
CY2021Q4 mhld Fixed Maturities Percentof Total Fair Value
FixedMaturitiesPercentofTotalFairValue
1.000
CY2022Q4 us-gaap Other Investment Not Readily Marketable Fair Value
OtherInvestmentNotReadilyMarketableFairValue
92666000 usd
CY2022Q4 mhld Other Investments Percent Of Total Fair Value
OtherInvestmentsPercentOfTotalFairValue
0.623
CY2021Q4 us-gaap Other Investment Not Readily Marketable Fair Value
OtherInvestmentNotReadilyMarketableFairValue
74746000 usd
CY2021Q4 mhld Other Investments Percent Of Total Fair Value
OtherInvestmentsPercentOfTotalFairValue
0.635
CY2022Q4 us-gaap Other Investments
OtherInvestments
148753000 usd
CY2022Q4 mhld Other Investments Percent Of Total
OtherInvestmentsPercentOfTotal
1.000
CY2021Q4 us-gaap Other Investments
OtherInvestments
117722000 usd
CY2021Q4 mhld Other Investments Percent Of Total
OtherInvestmentsPercentOfTotal
1.000
CY2021 mhld Other Investments Not Readily Marketable Impairment Loss
OtherInvestmentsNotReadilyMarketableImpairmentLoss
0 usd
CY2022 mhld Other Investments Not Readily Marketable Impairment Loss
OtherInvestmentsNotReadilyMarketableImpairmentLoss
0 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
40509000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
43621000 usd
CY2021Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
23228000 usd
CY2022Q4 mhld Investments Unrealized Gain Loss Gross Of Deferred Income Tax Expense
InvestmentsUnrealizedGainLossGrossOfDeferredIncomeTaxExpense
-15912000 usd
CY2021Q4 mhld Investments Unrealized Gain Loss Gross Of Deferred Income Tax Expense
InvestmentsUnrealizedGainLossGrossOfDeferredIncomeTaxExpense
-2613000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
80159000 usd
CY2022Q4 mhld Equity Method Investments Percent Of Total
EquityMethodInvestmentsPercentOfTotal
1.000
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
83742000 usd
CY2021Q4 mhld Equity Method Investments Percent Of Total
EquityMethodInvestmentsPercentOfTotal
1.000
CY2022 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
30470000 usd
CY2021 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
34361000 usd
CY2022 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
400000 usd
CY2021 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
2348000 usd
CY2022 us-gaap Investment Income Net
InvestmentIncomeNet
30070000 usd
CY2021 us-gaap Investment Income Net
InvestmentIncomeNet
32013000 usd
CY2022 mhld Equity Securities Fvni Realized And Unrealized Gain
EquitySecuritiesFVNIRealizedAndUnrealizedGain
3770000 usd
CY2022 mhld Equity Securities Fvni Realized And Unrealized Loss
EquitySecuritiesFVNIRealizedAndUnrealizedLoss
1434000 usd
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
2336000 usd
CY2022 mhld Realized And Unrealized Gain On Investments
RealizedAndUnrealizedGainOnInvestments
7142000 usd
CY2022 mhld Realized And Unrealized Loss On Investments
RealizedAndUnrealizedLossOnInvestments
12282000 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
-5140000 usd
CY2021 mhld Equity Securities Fvni Realized And Unrealized Gain
EquitySecuritiesFVNIRealizedAndUnrealizedGain
5168000 usd
CY2021 mhld Equity Securities Fvni Realized And Unrealized Loss
EquitySecuritiesFVNIRealizedAndUnrealizedLoss
4392000 usd
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
776000 usd
CY2021 mhld Realized And Unrealized Gain On Investments
RealizedAndUnrealizedGainOnInvestments
18008000 usd
CY2021 mhld Realized And Unrealized Loss On Investments
RealizedAndUnrealizedLossOnInvestments
5360000 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
12648000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
213944000 usd
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
477920000 usd
CY2022Q4 mhld Equity Method Investment Unrealized Gain Loss
EquityMethodInvestmentUnrealizedGainLoss
0 usd
CY2021Q4 mhld Equity Method Investment Unrealized Gain Loss
EquityMethodInvestmentUnrealizedGainLoss
-4414000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
244000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
80000 usd
CY2022Q4 mhld Investments Gross Unrealized Gain Loss Net Of Deferred Income Tax Expense
InvestmentsGrossUnrealizedGainLossNetOfDeferredIncomeTaxExpense
-15668000 usd
CY2021Q4 mhld Investments Gross Unrealized Gain Loss Net Of Deferred Income Tax Expense
InvestmentsGrossUnrealizedGainLossNetOfDeferredIncomeTaxExpense
-2693000 usd
CY2022 mhld Other Comprehensive Income Loss Investments Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossInvestmentsAdjustmentNetOfTaxPortionAttributableToParent
-12975000 usd
CY2021 mhld Other Comprehensive Income Loss Investments Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossInvestmentsAdjustmentNetOfTaxPortionAttributableToParent
-52050000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15638000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
39419000 usd
CY2022Q4 us-gaap Restricted Investments
RestrictedInvestments
281192000 usd
CY2021Q4 us-gaap Restricted Investments
RestrictedInvestments
542728000 usd
CY2022Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
296830000 usd
CY2021Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
582147000 usd
CY2022Q4 mhld Assets Fair Value Disclosure Number Of Securities Priced For Fair Value
AssetsFairValueDisclosureNumberOfSecuritiesPricedForFairValue
1 security
CY2021Q4 mhld Assets Fair Value Disclosure Number Of Securities Priced For Fair Value
AssetsFairValueDisclosureNumberOfSecuritiesPricedForFairValue
1 security
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
7094000 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2844000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
2000000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
0 usd
CY2021 mhld Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag
Net unrealized gains recognized in the statement of income
CY2022 mhld Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag
Net unrealized gains recognized in the statement of income
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
3770000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
0 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
9942000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
5250000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
1000000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
18806000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
7094000 usd
CY2022Q4 mhld Share Capital Shares Authorized
ShareCapitalSharesAuthorized
150000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
149224080 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
101532151 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
47691929 shares
CY2022Q4 us-gaap Shares Issued
SharesIssued
41439348 shares
CY2022Q4 mhld Shares Undesignated
SharesUndesignated
775920 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 mhld Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
1 period
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
86467242 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
84801161 shares
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
55800000 shares
CY2021 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
0 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1107973 shares
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2500932 shares
CY2022 mhld Treasury Stock Shares Acquired Including Shares Paid For Tax Withholding For Share Based Compensation
TreasuryStockSharesAcquiredIncludingSharesPaidForTaxWithholdingForShareBasedCompensation
403716 shares
CY2021 mhld Treasury Stock Shares Acquired Including Shares Paid For Tax Withholding For Share Based Compensation
TreasuryStockSharesAcquiredIncludingSharesPaidForTaxWithholdingForShareBasedCompensation
834851 shares
CY2022 mhld Common Shares Held By Subsidiary In Treasury
CommonSharesHeldBySubsidiaryInTreasury
41439348 shares
CY2021 mhld Common Shares Held By Subsidiary In Treasury
CommonSharesHeldBySubsidiaryInTreasury
0 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
101532151 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
86467242 shares
CY2022Q4 us-gaap Shares Issued
SharesIssued
41439348 shares
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
28434000 usd
CY2022Q4 mhld Preferred Stock Shares Outstanding Held By Affiliates
PreferredStockSharesOutstandingHeldByAffiliates
13813116 shares
CY2022Q4 us-gaap Shares Issued
SharesIssued
41439348 shares
CY2022 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
1581509 shares
CY2022 mhld Preferred Stock Redemption Price Average Cost Per Share
PreferredStockRedemptionPriceAverageCostPerShare
6.31
CY2021 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
9404012 shares
CY2021 mhld Preferred Stock Redemption Price Average Cost Per Share
PreferredStockRedemptionPriceAverageCostPerShare
14.48
CY2022 mhld Payments For Repurchase Of Preferred Stock And Preference Stock Excluding Fees
PaymentsForRepurchaseOfPreferredStockAndPreferenceStockExcludingFees
9983000 usd
CY2021 mhld Payments For Repurchase Of Preferred Stock And Preference Stock Excluding Fees
PaymentsForRepurchaseOfPreferredStockAndPreferenceStockExcludingFees
136155000 usd
CY2022 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
28233000 usd
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
90998000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
18600000 shares
CY2022Q4 mhld Preferred Stock Shares Outstanding Held By Affiliates
PreferredStockSharesOutstandingHeldByAffiliates
13813116 shares
CY2022Q4 mhld Preferred Stock Shares Outstanding Held By Non Affiliates
PreferredStockSharesOutstandingHeldByNonAffiliates
4786884 shares
CY2022Q4 mhld Preferred Stock Shares Outstanding Held By Affiliates Percentage
PreferredStockSharesOutstandingHeldByAffiliatesPercentage
0.743
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
403716 shares
CY2021 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
834851 shares
CY2022 mhld Shares Paid For Tax Withholding For Share Based Compensation Average Cost Per Share
SharesPaidForTaxWithholdingForShareBasedCompensationAverageCostPerShare
2.50
CY2021 mhld Shares Paid For Tax Withholding For Share Based Compensation Average Cost Per Share
SharesPaidForTaxWithholdingForShareBasedCompensationAverageCostPerShare
2.97
CY2022Q4 us-gaap Shares Issued
SharesIssued
41439348 shares
CY2022 mhld Treasury Shares Held Due To The Exchange
TreasurySharesHeldDueToTheExchange
41439348 shares
CY2021 mhld Treasury Shares Held Due To The Exchange
TreasurySharesHeldDueToTheExchange
0 shares
CY2022 mhld Treasury Shares Repurchases For Tax Purposes
TreasurySharesRepurchasesForTaxPurposes
6252581 shares
CY2021 mhld Treasury Shares Repurchases For Tax Purposes
TreasurySharesRepurchasesForTaxPurposes
5848865 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
47691929 shares
CY2021Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
5848865 shares
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-22212000 usd
CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6807000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-29019000 usd
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-17285000 usd
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
18787000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-36072000 usd
CY2022 us-gaap Direct Premiums Written
DirectPremiumsWritten
24553000 usd
CY2021 us-gaap Direct Premiums Written
DirectPremiumsWritten
21866000 usd
CY2022 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
-19074000 usd
CY2021 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
-10928000 usd
CY2022 us-gaap Ceded Premiums Written
CededPremiumsWritten
397000 usd
CY2021 us-gaap Ceded Premiums Written
CededPremiumsWritten
535000 usd
CY2022 us-gaap Premiums Written Net
PremiumsWrittenNet
5082000 usd
CY2021 us-gaap Premiums Written Net
PremiumsWrittenNet
10403000 usd
CY2022 us-gaap Direct Premiums Earned
DirectPremiumsEarned
24534000 usd
CY2021 us-gaap Direct Premiums Earned
DirectPremiumsEarned
22857000 usd
CY2022 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
13599000 usd
CY2021 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
31497000 usd
CY2022 us-gaap Ceded Premiums Earned
CededPremiumsEarned
401000 usd
CY2021 us-gaap Ceded Premiums Earned
CededPremiumsEarned
1361000 usd
CY2022 us-gaap Premiums Earned Net
PremiumsEarnedNet
37732000 usd
CY2021 us-gaap Premiums Earned Net
PremiumsEarnedNet
52993000 usd
CY2022 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
53508000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
9344000 usd
CY2022 us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
-4483000 usd
CY2021 us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
2037000 usd
CY2022 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
57991000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
7307000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
556116000 usd
CY2021Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
562845000 usd
CY2022Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Allowance
ReinsuranceRecoverablesOnUnpaidLossesAllowance
0 usd
CY2021Q4 us-gaap Reinsurance Recoverables On Unpaid Losses Allowance
ReinsuranceRecoverablesOnUnpaidLossesAllowance
0 usd
CY2019Q3 mhld Reinsurance Recoverable For Paid And Unpaid Claims And Claims Adjustments Ceded Cumulative Losses
ReinsuranceRecoverableForPaidAndUnpaidClaimsAndClaimsAdjustmentsCededCumulativeLosses
445000000 usd
CY2018Q4 mhld Reinsurance Recoverable For Paid And Unpaid Claims And Claims Adjustments Adverse Development Cover
ReinsuranceRecoverableForPaidAndUnpaidClaimsAndClaimsAdjustmentsAdverseDevelopmentCover
155000000 usd
CY2019Q3 mhld Reinsurance Recoverable For Paid And Unpaid Claims And Claims Adjustments Ceded Cumulative Losses
ReinsuranceRecoverableForPaidAndUnpaidClaimsAndClaimsAdjustmentsCededCumulativeLosses
445000000 usd
CY2022Q4 mhld Reinsurance Collateral By Third Party
ReinsuranceCollateralByThirdParty
461563000 usd
CY2022 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
The reserve for loss and LAE comprises: <div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.132%"><tr><td style="width:1.0%"/><td style="width:71.960%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.637%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.639%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</span></td></tr><tr><td colspan="3" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for reported loss and LAE</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">702,691 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">851,950 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for losses incurred but not reported ("IBNR")</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">428,717 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">637,423 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for loss and LAE</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,131,408 </span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,489,373 </span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The following table represents a reconciliation of the beginning and ending gross and net loss and LAE reserves: </span></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"/><td style="width:71.999%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.619%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.622%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">For the Year Ended December 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross loss and LAE reserves, January 1</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,489,373 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,893,299 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: reinsurance recoverable on unpaid losses, January 1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">562,845 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">592,571 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss and LAE reserves, January 1</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,528 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,300,728 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net incurred losses related to:</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:20.25pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,355 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,912 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:20.25pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,636 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(27,605)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,991 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,307 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net paid losses related to:</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:20.25pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(701)</span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,026)</span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:20.25pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(398,499)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(389,231)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(399,200)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(399,257)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-6.75pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in deferred gain on retroactive reinsurance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,587 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,081 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt 2px 4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">GLS run-off business acquired or assumed</span></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,905 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,825 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of foreign exchange rate movements</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(24,519)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26,156)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss and LAE reserves, December 31</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">575,292 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="2" style="background-color:#ccffcc;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">926,528 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverable on unpaid losses, December 31</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">556,116 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">562,845 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross loss and LAE reserves, December 31</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,131,408 </span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,489,373 </span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div>The following table summarizes the (adverse) favorable prior period development experienced in each of our reportable segments for the years ended December 31, 2022 and 2021:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"/><td style="width:58.549%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.619%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.619%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:11.623%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">For the Year Ended</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Diversified Reinsurance</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">AmTrust Reinsurance</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Total</span></td></tr><tr><td colspan="3" style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2022</span></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,552)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,084)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,636)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 31, 2021</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,561 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,044 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,605 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table>
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Reported Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount
702691000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Reported Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount
851950000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
428717000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
637423000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1131408000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1489373000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1489373000 usd
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1893299000 usd
CY2021Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
562845000 usd
CY2020Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
592571000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
926528000 usd
CY2020Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
1300728000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
25355000 usd
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
34912000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
32636000 usd
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-27605000 usd
CY2022 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
57991000 usd
CY2021 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
7307000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
701000 usd
CY2021 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
10026000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
398499000 usd
CY2021 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
389231000 usd
CY2022 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
399200000 usd
CY2021 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
399257000 usd
CY2022 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
3587000 usd
CY2021 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
29081000 usd
CY2022 mhld Liability For Unpaid Claims And Claims Adjustment Expense Assumed Business
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAssumedBusiness
10905000 usd
CY2021 mhld Liability For Unpaid Claims And Claims Adjustment Expense Assumed Business
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAssumedBusiness
14825000 usd
CY2022 mhld Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Transaction And Translation Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTransactionAndTranslationAdjustment
24519000 usd
CY2021 mhld Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Transaction And Translation Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTransactionAndTranslationAdjustment
26156000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
575292000 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
926528000 usd
CY2022Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
556116000 usd
CY2021Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
562845000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1131408000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1489373000 usd
CY2022 mhld Liabilityfor Unpaid Claimsand Claims Adjustment Expense Period Increase Decrease Netof Commission Changes
LiabilityforUnpaidClaimsandClaimsAdjustmentExpensePeriodIncreaseDecreaseNetofCommissionChanges
32636000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
32636000 usd
CY2022 mhld Percentageof Prior Year Net Lossand Loss Adjustment Expense Reserves
PercentageofPriorYearNetLossandLossAdjustmentExpenseReserves
0.035
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-27605000 usd
CY2021 mhld Percentageof Prior Year Net Lossand Loss Adjustment Expense Reserves
PercentageofPriorYearNetLossandLossAdjustmentExpenseReserves
-0.021
CY2022 mhld Liabilityfor Unpaid Claimsand Claims Adjustment Expense Period Increase Decrease Netof Commission Changes
LiabilityforUnpaidClaimsandClaimsAdjustmentExpensePeriodIncreaseDecreaseNetofCommissionChanges
32636000 usd
CY2022 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
3587000 usd
CY2021 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
29081000 usd
CY2021 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
29081000 usd
CY2022 mhld Short Duration Insurance Contracts Number Of Major Contracts
ShortDurationInsuranceContractsNumberOfMajorContracts
2 contract
CY2022Q4 mhld Short Duration Insurance Contract Policy Limit
ShortDurationInsuranceContractPolicyLimit
1000000 usd
CY2022Q4 mhld Short Duration Insurance Contract Policy Limit
ShortDurationInsuranceContractPolicyLimit
1000000 usd
CY2022Q4 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet
575292000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
556116000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1131408000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
40319000 usd
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
53566000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
300000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
300000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
473000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
473000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
375000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
613000 usd
CY2022Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
69607000 usd
CY2022Q4 mhld Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Commitments Percentage Of Total
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommitmentsPercentageOfTotal
0.616
CY2021Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
68262000 usd
CY2021Q4 mhld Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Commitments Percentage Of Total
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommitmentsPercentageOfTotal
0.561
CY2022Q4 us-gaap Other Commitment
OtherCommitment
42141000 usd
CY2021Q4 us-gaap Other Commitment
OtherCommitment
33305000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-60041000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
26645000 usd
CY2022 mhld Preferred Stock Redemption Exchange
PreferredStockRedemptionExchange
87240000 usd
CY2021 mhld Preferred Stock Redemption Exchange
PreferredStockRedemptionExchange
0 usd
CY2022 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
28233000 usd
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
90998000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
314000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1021000 usd
CY2022 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
55118000 usd
CY2022 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
55118000 usd
CY2021 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
116622000 usd
CY2021 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
116622000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87112711 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86068278 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1263 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4389 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87113974 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86072667 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.35
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1263 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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