2024 Q2 Form 10-Q Financial Statement

#000141210024000047 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $20.49M $28.90M
YoY Change -10.07% 48.28%
Cost Of Revenue $13.97M $11.63M
YoY Change 21.15% 18.44%
Gross Profit $6.516M $17.28M
YoY Change -42.07% 78.54%
Gross Profit Margin 31.81% 59.78%
Selling, General & Admin $7.879M $8.060M
YoY Change 15.21% -20.26%
% of Gross Profit 120.92% 46.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.813M $5.593M
YoY Change -2.67% 32.07%
% of Gross Profit 73.86% 32.37%
Operating Expenses $3.058M $2.760M
YoY Change -21.63% -12.27%
Operating Profit $3.458M $14.52M
YoY Change -52.93% 122.27%
Interest Expense -$3.282M $6.206M
YoY Change -40.03% -206.8%
% of Operating Profit -94.91% 42.74%
Other Income/Expense, Net
YoY Change
Pretax Income -$10.99M $864.0K
YoY Change 38.61% -107.64%
Income Tax $442.0K $11.00K
% Of Pretax Income 1.27%
Net Earnings -$9.971M $1.459M
YoY Change 239.96% -112.88%
Net Earnings / Revenue -48.67% 5.05%
Basic Earnings Per Share -$0.10 $0.01
Diluted Earnings Per Share -$0.10 $0.01
COMMON SHARES
Basic Shares Outstanding 100.2M shares 100.5M shares
Diluted Shares Outstanding 100.2M shares 100.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $24.81M $20.72M
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 $1.939M $167.0K
YoY Change 489.36% -56.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $83.79M $82.16M
YoY Change 14.45% 14.27%
Other Assets $12.52M $9.449M
YoY Change 22.46% -44.96%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.400B $1.469B
YoY Change -15.91% -16.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $26.08M $30.77M
YoY Change 3.52% -39.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.08M $30.77M
YoY Change 3.52% -39.64%
LONG-TERM LIABILITIES
Long-Term Debt $254.7M $254.6M
YoY Change 0.06% 0.01%
Other Long-Term Liabilities $80.51M $78.22M
YoY Change 34.12% 58.73%
Total Long-Term Liabilities $335.2M $332.9M
YoY Change 6.56% 9.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.08M $30.77M
Total Long-Term Liabilities $335.2M $332.9M
Total Liabilities $1.162B $1.220B
YoY Change -16.75% -17.89%
SHAREHOLDERS EQUITY
Retained Earnings -$495.5M -$485.5M
YoY Change 7.09% 5.61%
Common Stock $1.503M $1.501M
YoY Change 0.4% 0.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $238.0M $249.4M
YoY Change
Total Liabilities & Shareholders Equity $1.400B $1.469B
YoY Change -15.91% -16.35%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$9.971M $1.459M
YoY Change 239.96% -112.88%
Depreciation, Depletion And Amortization $4.813M $5.593M
YoY Change -2.67% 32.07%
Cash From Operating Activities -$23.38M $8.049M
YoY Change -46.02% -139.56%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $32.39M $122.0K
YoY Change 8.26% 1425.0%
Cash From Investing Activities $32.39M -$19.74M
YoY Change 8.26% -229.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.819M -$673.0K
YoY Change 189.65% 133.68%
NET CHANGE
Cash From Operating Activities -23.38M $8.049M
Cash From Investing Activities 32.39M -$19.74M
Cash From Financing Activities -1.819M -$673.0K
Net Change In Cash 7.186M -$12.51M
YoY Change -151.23% 137.66%
FREE CASH FLOW
Cash From Operating Activities -$23.38M $8.049M
Capital Expenditures
Free Cash Flow
YoY Change

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5263000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42678000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46624000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30170000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41361000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20721000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24194000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9449000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17167000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30170000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41361000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q1 us-gaap Premiums Written Gross
PremiumsWrittenGross
8323000 usd
CY2024Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
8314000 usd
CY2024Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
12408000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
46000 usd
CY2024Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
11625000 usd
CY2024Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
5593000 usd
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
2760000 usd
CY2024Q1 mhld Underwriting Income Loss Net
UnderwritingIncomeLossNet
-7524000 usd
CY2024Q1 mhld Investment Income And Gain Loss On Investments Net
InvestmentIncomeAndGainLossOnInvestmentsNet
16450000 usd
CY2024Q1 mhld Interest And Amortization Expenses Net
InterestAndAmortizationExpensesNet
4815000 usd
CY2024Q1 mhld Foreign Currency Transactionand Other Gain Lossbefore Tax
ForeignCurrencyTransactionandOtherGainLossbeforeTax
2053000 usd
CY2024Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
5300000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
606000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1459000 usd
CY2023Q1 us-gaap Premiums Written Gross
PremiumsWrittenGross
836000 usd
CY2023Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
760000 usd
CY2023Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
9002000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
-59000 usd
CY2023Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
9815000 usd
CY2023Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
4235000 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
3146000 usd
CY2023Q1 mhld Underwriting Income Loss Net
UnderwritingIncomeLossNet
-8253000 usd
CY2023Q1 mhld Investment Income And Gain Loss On Investments Net
InvestmentIncomeAndGainLossOnInvestmentsNet
10550000 usd
CY2023Q1 mhld Interest And Amortization Expenses Net
InterestAndAmortizationExpensesNet
3824000 usd
CY2023Q1 mhld Foreign Currency Transactionand Other Gain Lossbefore Tax
ForeignCurrencyTransactionandOtherGainLossbeforeTax
-2816000 usd
CY2023Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
6962000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-51000 usd
CY2024Q1 us-gaap Assets
Assets
1468971000 usd
CY2023Q4 us-gaap Assets
Assets
1518934000 usd
CY2024Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
8314000 usd
CY2023Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
760000 usd
CY2024Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
12408000 usd
CY2023Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
9002000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
266368000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6923000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
259451000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
258536000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7943000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
250601000 usd
CY2024Q1 us-gaap Interest Receivable
InterestReceivable
1370000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
1418000 usd
CY2024Q1 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0 usd
CY2023Q1 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
0 usd
CY2023Q4 mhld Fixed Maturities Percentof Total Fair Value
FixedMaturitiesPercentofTotalFairValue
1.000
CY2024Q1 mhld Equity Securities Fvni Realized And Unrealized Gain
EquitySecuritiesFVNIRealizedAndUnrealizedGain
146000 usd
CY2024Q1 mhld Equity Securities Fvni Realized And Unrealized Loss
EquitySecuritiesFVNIRealizedAndUnrealizedLoss
1017000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-871000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
139186000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
138553000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
30458000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
28973000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
3543000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
3112000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
173187000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
170638000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
266368000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
259451000 usd
CY2024Q1 mhld Fixed Maturities Continuous Unrealized Loss Position Lessthan Twelve Months Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionLessthanTwelveMonthsFairValue
56711000 usd
CY2024Q1 mhld Fixed Maturities Continuous Unrealized Loss Position Lessthan12 Months Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
12000 usd
CY2024Q1 mhld Fixed Maturities Continuous Unrealized Loss Position Twelve Monthsor Longer Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionTwelveMonthsorLongerFairValue
161543000 usd
CY2024Q1 mhld Fixed Maturities Continuous Unrealized Loss Position12 Monthsor Longer Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPosition12MonthsorLongerAccumulatedLoss
6911000 usd
CY2024Q1 mhld Fixed Maturities Continuous Unrealized Loss Position Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionFairValue
218254000 usd
CY2024Q1 mhld Fixed Maturities Continuous Unrealized Loss Position Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionAccumulatedLoss
6923000 usd
CY2024Q1 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositions
57 security
CY2024Q1 mhld Investments Continuous Unrealized Loss Position Fair Value
InvestmentsContinuousUnrealizedLossPositionFairValue
218254000 usd
CY2024Q1 mhld Investments Continuous Unrealized Loss Position Accumulated Loss
InvestmentsContinuousUnrealizedLossPositionAccumulatedLoss
6923000 usd
CY2024Q1 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions Greaterthanor Equalto One Year
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositionsGreaterthanorEqualtoOneYear
52 security
CY2024Q1 mhld Investments Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
InvestmentsContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
161543000 usd
CY2024Q1 mhld Investments Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
InvestmentsContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
6911000 usd
CY2023Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Lessthan Twelve Months Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionLessthanTwelveMonthsFairValue
8735000 usd
CY2023Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Lessthan12 Months Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionLessthan12MonthsAccumulatedLoss
3000 usd
CY2023Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Twelve Monthsor Longer Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionTwelveMonthsorLongerFairValue
185141000 usd
CY2023Q4 mhld Fixed Maturities Continuous Unrealized Loss Position12 Monthsor Longer Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPosition12MonthsorLongerAccumulatedLoss
7940000 usd
CY2023Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Fair Value
FixedMaturitiesContinuousUnrealizedLossPositionFairValue
193876000 usd
CY2023Q4 mhld Fixed Maturities Continuous Unrealized Loss Position Accumulated Loss
FixedMaturitiesContinuousUnrealizedLossPositionAccumulatedLoss
7943000 usd
CY2023Q4 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositions
59 security
CY2023Q4 mhld Investments Continuous Unrealized Loss Position Fair Value
InvestmentsContinuousUnrealizedLossPositionFairValue
193876000 usd
CY2023Q4 mhld Investments Continuous Unrealized Loss Position Accumulated Loss
InvestmentsContinuousUnrealizedLossPositionAccumulatedLoss
7943000 usd
CY2023Q4 mhld Fixed Securitiesin Unrealized Loss Positions Qualitative Disclosure Numberof Positions Greaterthanor Equalto One Year
FixedSecuritiesinUnrealizedLossPositionsQualitativeDisclosureNumberofPositionsGreaterthanorEqualtoOneYear
56 security
CY2023Q4 mhld Investments Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
InvestmentsContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
185141000 usd
CY2023Q4 mhld Investments Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
InvestmentsContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
7940000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2024Q1 mhld Fixed Maturities Amortized Cost Basis
FixedMaturitiesAmortizedCostBasis
266368000 usd
CY2024Q1 mhld Fixed Maturities Fair Value
FixedMaturitiesFairValue
259451000 usd
CY2024Q1 mhld Fixed Maturities Percentof Total Fair Value
FixedMaturitiesPercentofTotalFairValue
1.000
CY2023Q4 mhld Fixed Maturities Amortized Cost Basis
FixedMaturitiesAmortizedCostBasis
258536000 usd
CY2023Q4 mhld Fixed Maturities Fair Value
FixedMaturitiesFairValue
250601000 usd
CY2024Q1 us-gaap Other Investment Not Readily Marketable Fair Value
OtherInvestmentNotReadilyMarketableFairValue
127745000 usd
CY2024Q1 mhld Other Investments Percent Of Total Fair Value
OtherInvestmentsPercentOfTotalFairValue
0.637
CY2023Q4 us-gaap Other Investment Not Readily Marketable Fair Value
OtherInvestmentNotReadilyMarketableFairValue
113806000 usd
CY2023Q4 mhld Other Investments Percent Of Total Fair Value
OtherInvestmentsPercentOfTotalFairValue
0.622
CY2024Q1 us-gaap Other Investments
OtherInvestments
200388000 usd
CY2024Q1 mhld Other Investments Percent Of Total
OtherInvestmentsPercentOfTotal
1.000
CY2023Q4 us-gaap Other Investments
OtherInvestments
182811000 usd
CY2023Q4 mhld Other Investments Percent Of Total
OtherInvestmentsPercentOfTotal
1.000
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
1023000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
43439000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
44428000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
43439000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
45299000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
44346000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
82159000 usd
CY2024Q1 mhld Equity Method Investments Percent Of Total
EquityMethodInvestmentsPercentOfTotal
1.000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
80929000 usd
CY2023Q4 mhld Equity Method Investments Percent Of Total
EquityMethodInvestmentsPercentOfTotal
1.000
CY2024Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
7792000 usd
CY2023Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
9644000 usd
CY2024Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
92000 usd
CY2023Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
99000 usd
CY2024Q1 us-gaap Investment Income Net
InvestmentIncomeNet
7700000 usd
CY2023Q1 us-gaap Investment Income Net
InvestmentIncomeNet
9545000 usd
CY2024Q1 mhld Realized And Unrealized Gain On Investments
RealizedAndUnrealizedGainOnInvestments
11470000 usd
CY2024Q1 mhld Realized And Unrealized Loss On Investments
RealizedAndUnrealizedLossOnInvestments
2720000 usd
CY2024Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
8750000 usd
CY2023Q1 mhld Equity Securities Fvni Realized And Unrealized Gain
EquitySecuritiesFVNIRealizedAndUnrealizedGain
1024000 usd
CY2023Q1 mhld Equity Securities Fvni Realized And Unrealized Loss
EquitySecuritiesFVNIRealizedAndUnrealizedLoss
378000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
646000 usd
CY2023Q1 mhld Realized And Unrealized Gain On Investments
RealizedAndUnrealizedGainOnInvestments
2665000 usd
CY2023Q1 mhld Realized And Unrealized Loss On Investments
RealizedAndUnrealizedLossOnInvestments
1660000 usd
CY2023Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
1005000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-871000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
646000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
176000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-871000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
470000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
23835000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
954000 usd
CY2024Q1 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
147000 usd
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
151000 usd
CY2024Q1 mhld Investments Gross Unrealized Gain Loss Net Of Deferred Income Tax Expense
InvestmentsGrossUnrealizedGainLossNetOfDeferredIncomeTaxExpense
-6770000 usd
CY2023Q4 mhld Investments Gross Unrealized Gain Loss Net Of Deferred Income Tax Expense
InvestmentsGrossUnrealizedGainLossNetOfDeferredIncomeTaxExpense
-7784000 usd
CY2024Q1 mhld Other Comprehensive Income Loss Investments Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossInvestmentsAdjustmentNetOfTaxPortionAttributableToParent
1014000 usd
CY2023 mhld Other Comprehensive Income Loss Investments Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossInvestmentsAdjustmentNetOfTaxPortionAttributableToParent
7884000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9449000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7266000 usd
CY2024Q1 us-gaap Restricted Investments
RestrictedInvestments
217309000 usd
CY2023Q4 us-gaap Restricted Investments
RestrictedInvestments
212608000 usd
CY2024Q1 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
226758000 usd
CY2023Q4 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
219874000 usd
CY2024Q1 mhld Assets Fair Value Disclosure Number Of Securities Priced For Fair Value
AssetsFairValueDisclosureNumberOfSecuritiesPricedForFairValue
1 security
CY2023Q4 mhld Assets Fair Value Disclosure Number Of Securities Priced For Fair Value
AssetsFairValueDisclosureNumberOfSecuritiesPricedForFairValue
1 security
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
52483000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
18806000 usd
CY2024Q1 mhld Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag
Net realized and unrealized gains recognized in the statement of income
CY2023Q1 mhld Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Other Comprehensive Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationAssetGainLossStatementOfOtherComprehensiveIncomeExtensibleListNotDisclosedFlag
Net realized and unrealized gains recognized in the statement of income
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
5511000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
1392000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
1000000 usd
CY2024Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
57994000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
21198000 usd
CY2023Q2 mhld Common Stock Authorized Share Capital At Par Value
CommonStockAuthorizedShareCapitalAtParValue
1500000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 mhld Common Stock Authorized Share Capital At Par Value
CommonStockAuthorizedShareCapitalAtParValue
2000000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 mhld Share Capital Shares Authorized
ShareCapitalSharesAuthorized
200000000 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
150134586 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100393538 shares
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
49741048 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
49865414 shares
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
49741048 shares
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
49260235 shares
CY2024Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-722000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2474000 usd
CY2024Q1 us-gaap Direct Premiums Written
DirectPremiumsWritten
8831000 usd
CY2023Q1 us-gaap Direct Premiums Written
DirectPremiumsWritten
6859000 usd
CY2024Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
-508000 usd
CY2023Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
-6022000 usd
CY2024Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
9000 usd
CY2023Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
77000 usd
CY2024Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
8314000 usd
CY2023Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
760000 usd
CY2024Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
8546000 usd
CY2023Q1 us-gaap Direct Premiums Earned
DirectPremiumsEarned
6862000 usd
CY2024Q1 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
3865000 usd
CY2023Q1 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
2217000 usd
CY2024Q1 us-gaap Ceded Premiums Earned
CededPremiumsEarned
3000 usd
CY2023Q1 us-gaap Ceded Premiums Earned
CededPremiumsEarned
77000 usd
CY2024Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
12408000 usd
CY2023Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
9002000 usd
CY2024Q1 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
12375000 usd
CY2023Q1 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
9796000 usd
CY2024Q1 us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
750000 usd
CY2023Q1 us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
-19000 usd
CY2024Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
11625000 usd
CY2023Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
9815000 usd
CY2024Q1 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
569346000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
564331000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
2438000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
3240000 usd
CY2022Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
4277000 usd
CY2024Q1 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-802000 usd
CY2023Q1 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
-23000 usd
CY2024Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
2438000 usd
CY2023Q1 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
4254000 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
CY2019Q3 mhld Reinsurance Recoverable For Paid And Unpaid Claims And Claims Adjustments Ceded Cumulative Losses
ReinsuranceRecoverableForPaidAndUnpaidClaimsAndClaimsAdjustmentsCededCumulativeLosses
445000000 usd
CY2024Q1 mhld Reinsurance Collateral By Third Party
ReinsuranceCollateralByThirdParty
473144000 usd
CY2023Q4 mhld Reinsurance Collateral By Third Party
ReinsuranceCollateralByThirdParty
490070000 usd
CY2024Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
The reserve for loss and LAE consists of: <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:99.853%"><tr><td style="width:1.0%"></td><td style="width:71.960%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.639%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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:8pt;font-weight:700;line-height:100%">March 31, 2024</span></td><td colspan="3" style="padding:0 1pt"></td><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:8pt;font-weight:700;line-height:100%">December 31, 2023</span></td></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 reported loss and LAE</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">487,112 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">543,818 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">326,767 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">323,615 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">$</span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">813,879 </span></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><td style="background-color:#ccffcc;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">867,433 </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></tr></table></div><div style="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 following table represents a reconciliation of our beginning and ending gross and net loss and LAE reserves: </span></div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.999%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.622%"></td><td style="width:0.1%"></td></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:8pt;font-weight:700;line-height:100%">For the Three Months Ended March 31,</span></td><td colspan="3" style="padding:0 1pt"></td><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:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><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:8pt;font-weight:700;line-height:100%">2023</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%">Gross loss and LAE reserves, January 1</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">$</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">867,433 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">1,131,408 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">564,331 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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></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><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%">303,102 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">575,292 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></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><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%">5,062 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">6,159 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">6,563 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">3,656 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">11,625 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">9,815 </span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></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><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%">(125)</span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">(75)</span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(59,590)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(73,013)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">(59,715)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">(73,088)</span></td><td style="background-color:#ccffcc;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(4,982)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(1,573)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">— </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">767 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;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%">Opening allowance for expected credit loss on reinsurance recoverable on unpaid losses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">4,286 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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%">Effect of foreign exchange rate movements</span></div></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">(5,497)</span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">3,611 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding: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%">Net loss and LAE reserves, March 31</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;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%">244,533 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;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%">519,110 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ccffcc;padding: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%">Reinsurance recoverable on unpaid losses, March 31</span></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">569,346 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ccffcc;padding:0 1pt"></td><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%">552,513 </span></td><td style="background-color:#ccffcc;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding: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%">Gross loss and LAE reserves, March 31</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;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%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">813,879 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;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%">1,071,623 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2024Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Reported Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount
487112000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Reported Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedClaimsAmount
543818000 usd
CY2024Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
326767000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
323615000 usd
CY2024Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
813879000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
867433000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
867433000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1131408000 usd
CY2023Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
564331000 usd
CY2022Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
556116000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
303102000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
575292000 usd
CY2024Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
5062000 usd
CY2023Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
6159000 usd
CY2024Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
6563000 usd
CY2023Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
3656000 usd
CY2024Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
11625000 usd
CY2023Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
9815000 usd
CY2024Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
125000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
75000 usd
CY2024Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
59590000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
73013000 usd
CY2024Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
59715000 usd
CY2023Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
73088000 usd
CY2024Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
4982000 usd
CY2023Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
1573000 usd
CY2024Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Assumed Business
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAssumedBusiness
0 usd
CY2023Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Assumed Business
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAssumedBusiness
767000 usd
CY2024Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Expected Credit Losses On Recoverables
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAllowanceForExpectedCreditLossesOnRecoverables
0 usd
CY2023Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Expected Credit Losses On Recoverables
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAllowanceForExpectedCreditLossesOnRecoverables
4286000 usd
CY2024Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Transaction And Translation Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTransactionAndTranslationAdjustment
5497000 usd
CY2023Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Transaction And Translation Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTransactionAndTranslationAdjustment
-3611000 usd
CY2024Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
244533000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
519110000 usd
CY2024Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
569346000 usd
CY2023Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
552513000 usd
CY2024Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
813879000 usd
CY2023Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1071623000 usd
CY2024Q1 mhld Liabilityfor Unpaid Claimsand Claims Adjustment Expense Period Increase Decrease Netof Commission Changes
LiabilityforUnpaidClaimsandClaimsAdjustmentExpensePeriodIncreaseDecreaseNetofCommissionChanges
6563000 usd
CY2023Q1 mhld Liabilityfor Unpaid Claimsand Claims Adjustment Expense Period Increase Decrease Netof Commission Changes
LiabilityforUnpaidClaimsandClaimsAdjustmentExpensePeriodIncreaseDecreaseNetofCommissionChanges
3656000 usd
CY2024Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
4982000 usd
CY2023Q1 mhld Liability For Unpaid Claims And Claims Adjustment Expense Retroactive Reinsurance Adjustment
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseRetroactiveReinsuranceAdjustment
1573000 usd
CY2023Q1 mhld Deferred Gain On Reinsurance Period Increase Decrease
DeferredGainOnReinsurancePeriodIncreaseDecrease
1573000 usd
CY2024Q1 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.073
CY2023Q1 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.064
CY2024Q1 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
64517000 usd
CY2024Q1 mhld Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Commitments Percentage Of Total
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommitmentsPercentageOfTotal
0.656
CY2023Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
65631000 usd
CY2023Q4 mhld Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Commitments Percentage Of Total
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommitmentsPercentageOfTotal
0.651
CY2024Q1 us-gaap Other Commitment
OtherCommitment
69733000 usd
CY2023Q4 us-gaap Other Commitment
OtherCommitment
62508000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
167000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
167000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
228000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
228000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
146000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
120000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
137000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
39000 usd
CY2024Q1 mhld Lessee Operating Lease Liability Fair Value Discount
LesseeOperatingLeaseLiabilityFairValueDiscount
9000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
167000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1459000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-11328000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
17000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
1442000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
1442000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-11328000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-11328000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100457125 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101552364 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100457125 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101552364 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28000 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
182801000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
186203000 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
151218000 usd
CY2024Q1 mhld Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration Percentage
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpirationPercentage
0.453
CY2024Q1 mhld Capital Loss Carryforwards
CapitalLossCarryforwards
14058000 usd
CY2023Q4 mhld Capital Loss Carryforwards
CapitalLossCarryforwards
13853000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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