2010 Q4 Form 10-K Financial Statement

#000144530512000650 Filed on March 13, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 2009
Revenue $334.3M $1.248B $983.1M
YoY Change 25.58% 26.94% 134.19%
Cost Of Revenue $755.1M $608.6M
YoY Change 24.07%
Gross Profit $492.9M $374.5M
YoY Change 31.61%
Gross Profit Margin 39.5% 38.1%
Selling, General & Admin $104.4M $364.6M $263.2M
YoY Change 14.47% 38.53% 105.46%
% of Gross Profit 73.97% 70.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.800M $336.7M $7.400M
YoY Change -10.0% 4449.96% 469.23%
% of Gross Profit 68.31% 1.98%
Operating Expenses $305.5M $1.140B $888.8M
YoY Change 27.77% 28.24% 122.42%
Operating Profit -$646.9M -$514.3M
YoY Change 25.79%
Interest Expense -$9.300M -$37.00M -$32.00M
YoY Change 2.2% 15.63% 2185.71%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $19.50M $71.19M $62.40M
YoY Change 7.73% 14.09% 231.93%
Income Tax $300.0K $1.330M $1.344M
% Of Pretax Income 1.54% 1.87% 2.15%
Net Earnings $19.10M $69.86M $61.06M
YoY Change 14.37% 14.42% 224.78%
Net Earnings / Revenue 5.71% 5.6% 6.21%
Basic Earnings Per Share $0.99 $0.88
Diluted Earnings Per Share $262.7K $0.98 $0.87
COMMON SHARES
Basic Shares Outstanding 70.80M shares 69.65M shares
Diluted Shares Outstanding 71.37M shares 70.06M shares

Balance Sheet

Concept 2010 Q4 2010 2009
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $96.15M $96.20M $107.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.700M $6.700M $8.300M
YoY Change -19.28% -19.28%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $58.43M
YoY Change
Intangibles $45.48M
YoY Change
Long-Term Investments $2.048B $2.048B $1.835B
YoY Change 11.61% 11.61% 41.91%
Other Assets $89.80M $89.80M $144.9M
YoY Change -38.03% -38.03% -64.6%
Total Long-Term Assets $2.976B $2.976B $2.628B
YoY Change 13.25% 13.25%
TOTAL ASSETS
Total Short-Term Assets $6.700M $6.700M $8.300M
Total Long-Term Assets $2.976B $2.976B $2.628B
Total Assets $2.983B $2.983B $2.636B
YoY Change 13.14% 13.14% 23.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $56.40M $56.40M $62.90M
YoY Change -10.33% -10.33% 42.95%
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 $56.40M $56.40M $62.90M
YoY Change -10.33% -10.33% 42.95%
LONG-TERM LIABILITIES
Long-Term Debt $215.2M $215.2M $215.1M
YoY Change 0.05% 0.05%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $215.2M $215.2M $215.1M
YoY Change 0.05% 0.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.40M $56.40M $62.90M
Total Long-Term Liabilities $215.2M $215.2M $215.1M
Total Liabilities $2.232B $2.232B $1.960B
YoY Change 13.91% 13.92% 21.05%
SHAREHOLDERS EQUITY
Retained Earnings $121.8M
YoY Change
Common Stock $577.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.801M
YoY Change
Treasury Stock Shares 962.3K shares
Shareholders Equity $750.2M $750.2M $676.5M
YoY Change
Total Liabilities & Shareholders Equity $2.983B $2.983B $2.636B
YoY Change 13.14% 13.14% 23.84%

Cashflow Statement

Concept 2010 Q4 2010 2009
OPERATING ACTIVITIES
Net Income $19.10M $69.86M $61.06M
YoY Change 14.37% 14.42% 224.78%
Depreciation, Depletion And Amortization $1.800M $336.7M $7.400M
YoY Change -10.0% 4449.96% 469.23%
Cash From Operating Activities $37.40M $151.6M $45.50M
YoY Change -34.04% 233.16% -92.29%
INVESTING ACTIVITIES
Capital Expenditures $2.875M $1.749M
YoY Change 64.38% -974.5%
Acquisitions $4.893M $13.61M
YoY Change -64.06%
Other Investing Activities -$212.8M -$122.3M -$171.7M
YoY Change 628.77% -28.77% -76.04%
Cash From Investing Activities -$212.8M -$125.2M -$173.4M
YoY Change 628.77% -27.81% -75.81%
FINANCING ACTIVITIES
Cash Dividend Paid $18.39M $16.17M
YoY Change 13.77%
Common Stock Issuance & Retirement, Net $52.00K $129.0K
YoY Change -59.69%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 2.200M -$37.24M $102.4M
YoY Change -114.86% -136.38% -54.24%
NET CHANGE
Cash From Operating Activities 37.40M $151.6M $45.50M
Cash From Investing Activities -212.8M -$125.2M -$173.4M
Cash From Financing Activities 2.200M -$37.24M $102.4M
Net Change In Cash -173.2M -$10.85M -$25.55M
YoY Change -1463.78% -57.53% -126.43%
FREE CASH FLOW
Cash From Operating Activities $37.40M $151.6M $45.50M
Capital Expenditures $2.875M $1.749M
Free Cash Flow $148.7M $43.75M
YoY Change 239.91% -92.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
64059000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
579004000 USD
CY2010Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
14091000 USD
CY2011Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
13215000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
54334000 USD
CY2010Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
577135000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1307000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1015000 USD
CY2009 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
627000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
188082000 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
732000 USD
CY2011Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
248436000 USD
CY2011Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1398438000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
167975000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
338000 USD
CY2011Q4 us-gaap Other Investments
OtherInvestments
2192000 USD
CY2011Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
382670000 USD
CY2011Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
20289000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
114895000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
128648000 USD
CY2011Q4 us-gaap Senior Notes
SeniorNotes
107500000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3801000 USD
CY2011Q4 mhld Accrued Expenses And Other Liabilities
AccruedExpensesAndOtherLiabilities
121198000 USD
CY2011Q4 mhld Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
98755000 USD
CY2009 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6590000 USD
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5033000 USD
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5808000 USD
CY2011Q4 us-gaap Assets
Assets
3354426000 USD
CY2010Q4 us-gaap Assets
Assets
2982562000 USD
CY2009 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
1048676000 USD
CY2010 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
1298055000 USD
CY2011 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
1812597000 USD
CY2010Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1819775000 USD
CY2011Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1957106000 USD
CY2011Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2020661000 USD
CY2010Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1874433000 USD
CY2011 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
1609986000 USD
CY2009 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
920744000 USD
CY2010 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
1176853000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96151000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107396000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
131897000 USD
CY2009 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-24501000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
91931000 USD
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-11245000 USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.265
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2009 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
73183764 shares
CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
73069436 shares
CY2010Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
72107100 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
72221428 shares
CY2010Q4 us-gaap Common Stock Value
CommonStockValue
731000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91453000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
138304000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
38249000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-6000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2010 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-4000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
91449000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
138304000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
38243000 USD
CY2009 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
160000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
632000 USD
CY2009 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1344000 USD
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1170000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1295000 USD
CY2010Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
203631000 USD
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
8599000 USD
CY2009 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7359000 USD
CY2010 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7205000 USD
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
21651000 USD
CY2010 us-gaap Dividends Common Stock
DividendsCommonStock
18872000 USD
CY2009 us-gaap Dividends Common Stock
DividendsCommonStock
17221000 USD
CY2009 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2009 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3130000 USD
CY2009 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1052000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-392000 USD
CY2010 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-580000 USD
CY2009 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2454000 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
323000 USD
CY2011Q4 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
42605000 USD
CY2010Q4 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
152713000 USD
CY2010 us-gaap Gain Loss On Investments
GainLossOnInvestments
6604000 USD
CY2011 us-gaap Gain Loss On Investments
GainLossOnInvestments
481000 USD
CY2009 us-gaap Gain Loss On Investments
GainLossOnInvestments
270000 USD
CY2009 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32135000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42180000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
53892000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
71192000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
30454000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
62402000 USD
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1330000 USD
CY2009 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1344000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1927000 USD
CY2009 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
129000 USD
CY2011Q4 us-gaap Investments
Investments
2022853000 USD
CY2010Q4 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
215191000 USD
CY2011Q4 us-gaap Junior Subordinated Notes
JuniorSubordinatedNotes
126263000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
429000 USD
CY2009 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
1022000 USD
CY2010 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
2686000 USD
CY2011 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-836000 USD
CY2009 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-12688000 USD
CY2011 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-26324000 USD
CY2010 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
6833000 USD
CY2011 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
-16074000 USD
CY2010 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
152713000 USD
CY2009 us-gaap Increase Decrease In Client Funds Held
IncreaseDecreaseInClientFundsHeld
0 USD
CY2009 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
68467000 USD
CY2010 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
30648000 USD
CY2011 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
45037000 USD
CY2011 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
-176869000 USD
CY2009 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
-105909000 USD
CY2010 us-gaap Increase Decrease In Loss And Loss Adjustment Expense Reserve
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
-220932000 USD
CY2009 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3376000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14344000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1583000 USD
CY2011 us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
143699000 USD
CY2009 us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
142363000 USD
CY2010 us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
29036000 USD
CY2011 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
6389000 USD
CY2009 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
28752000 USD
CY2010 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
240000 USD
CY2010 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
-1684000 USD
CY2011 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
13632000 USD
CY2009 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
8340000 USD
CY2010 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-55657000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
25139000 USD
CY2009 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-264333000 USD
CY2010 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
68413000 USD
CY2011 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
178436000 USD
CY2009 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
137625000 USD
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
34155000 USD
CY2009 us-gaap Interest Expense Debt
InterestExpenseDebt
34431000 USD
CY2010 us-gaap Interest Expense Debt
InterestExpenseDebt
36466000 USD
CY2011 us-gaap Interest Paid
InterestPaid
-36850000 USD
CY2010 us-gaap Interest Paid
InterestPaid
-36400000 USD
CY2009 us-gaap Interest Paid
InterestPaid
-26794000 USD
CY2010 us-gaap Investment Income Net
InvestmentIncomeNet
71651000 USD
CY2011 us-gaap Investment Income Net
InvestmentIncomeNet
74891000 USD
CY2009 us-gaap Investment Income Net
InvestmentIncomeNet
62957000 USD
CY2010Q4 us-gaap Investments
Investments
1880280000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
2585446000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
2232113000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3354426000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2982562000 USD
CY2010Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1226773000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45497000 USD
CY2010Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
167975000 USD
CY2010Q4 us-gaap Minority Interest
MinorityInterest
275000 USD
CY2011 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
210000 USD
CY2011 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:100%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maiden Holdings, Ltd. (sometimes referred to as &#8220;Maiden Holdings&#8221; or &#8220;Parent Company&#8221;) is a Bermuda-based holding company formed in June 2007, primarily focused on serving the needs of regional and specialty insurers in the United States and Europe by providing innovative reinsurance solutions designed to support their capital needs. Together with its subsidiaries (collectively referred to as the &#8220;Company&#8221;, "we" or &#8220;Maiden&#8221;), Maiden specializes in reinsurance solutions that optimize financing by providing coverage within the more predictable and actuarially credible lower layers of coverage and/or reinsure risks that are believed to be lower hazard, more predictable and generally not susceptible to catastrophe claims. Our tailored solutions include a variety of value added services focused on helping our clients grow and prosper. Our principal operating subsidiaries in Bermuda and the United States are rated &#8220;A-&#8221; (Excellent) with a stable outlook by A.M. Best Company (&#8220;A.M. Best&#8221;), which rating is the fourth highest of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">16</font><font style="font-family:inherit;font-size:10pt;"> rating levels, and BBB+ (Good) with a stable outlook by Standard &amp; Poor's, which is the sixth highest of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">21</font><font style="font-family:inherit;font-size:10pt;"> rating levels.</font></div><div style="line-height:100%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We provide reinsurance through our wholly-owned subsidiaries, Maiden Reinsurance Company (&#8220;Maiden US&#8221;) and Maiden Insurance Company Ltd. (&#8220;Maiden Bermuda&#8221;) and have operations in United States and Bermuda, respectively. On a more limited basis, Maiden Specialty Insurance Company (&#8220;Maiden Specialty&#8221;), a wholly owned subsidiary of Maiden US, provides primary insurance on a surplus lines basis focusing on non-catastrophe property and inland marine. Maiden Bermuda does not underwrite any primary insurance business. Internationally, we provide reinsurance-related services through Maiden Global Holdings, Ltd. (&#8220;Maiden Global&#8221;) and its subsidiaries. Maiden Global primarily focuses on providing branded auto and credit life insurance products through its insurer partners to retail customers in the European Union and other global markets, which also produce reinsurance programs which are underwritten by Maiden Bermuda. Certain international credit life business is also written directly by Maiden Life F&#246;rs&#228;krings AB (&#8220;Maiden LF&#8221;), a wholly owned subsidiary of Maiden Holdings, as part of Maiden Global&#8217;s service offerings.</font></div></div>
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99535000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-37239000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
102375000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125193000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-173425000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13248000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
181348000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
151579000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
28524000 USD
CY2009 us-gaap Net Income Loss
NetIncomeLoss
61058000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
69866000 USD
CY2009 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000 USD
CY2010 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-4000 USD
CY2011 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
3000 USD
CY2009 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
CY2010 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
17806000 USD
CY2009 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 USD
CY2011 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
81930000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
19270000 USD
CY2010Q4 us-gaap Other Assets
OtherAssets
12079000 USD
CY2009 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
0 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
733000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-420000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
21587000 USD
CY2009 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
77246000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
9716000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-9000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2009 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
270000 USD
CY2010 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
8147000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
3206000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
12189000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
30154000 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
77516000 USD
CY2010 us-gaap Other Income
OtherIncome
0 USD
CY2011 us-gaap Other Income
OtherIncome
12640000 USD
CY2009 us-gaap Other Income
OtherIncome
0 USD
CY2010Q4 us-gaap Other Investments
OtherInvestments
5847000 USD
CY2011Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
1955000 USD
CY2010Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
5751000 USD
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2811000 USD
CY2009 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2010 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
20921000 USD
CY2010 us-gaap Payments Of Dividends
PaymentsOfDividends
18394000 USD
CY2009 us-gaap Payments Of Dividends
PaymentsOfDividends
16167000 USD
CY2010 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1010142000 USD
CY2011 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
636141000 USD
CY2009 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
891332000 USD
CY2009 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13613000 USD
CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4893000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-635000 USD
CY2010 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
424000 USD
CY2009 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
139000 USD
CY2011 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1173000 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1749000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1538000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2875000 USD
CY2009 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2010 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1293386000 USD
CY2011 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
663339000 USD
CY2011 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
1043054000 USD
CY2009 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
608613000 USD
CY2010 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
755122000 USD
CY2010 us-gaap Premiums Earned Net
PremiumsEarnedNet
1169790000 USD
CY2009 us-gaap Premiums Earned Net
PremiumsEarnedNet
919919000 USD
CY2011 us-gaap Premiums Earned Net
PremiumsEarnedNet
1552428000 USD
CY2010Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
226333000 USD
CY2009 us-gaap Premiums Written Net
PremiumsWrittenNet
1030374000 USD
CY2011 us-gaap Premiums Written Net
PremiumsWrittenNet
1723521000 USD
CY2010 us-gaap Premiums Written Net
PremiumsWrittenNet
1227831000 USD
CY2011Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
35381000 USD
CY2010Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
28992000 USD
CY2009 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
129000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
422000 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
52000 USD
CY2010 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2011 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
107500000 USD
CY2009 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2010 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 USD
CY2011 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 USD
CY2009 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
260000000 USD
CY2009 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
268429000 USD
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
310526000 USD
CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
507326000 USD
CY2009 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2010 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
279000 USD
CY2011 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-76225000 USD
CY2009 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-137245000 USD
CY2010 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19176000 USD
CY2011 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
4818000 USD
CY2010 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
108000 USD
CY2009 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
153000 USD
CY2009 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
200493000 USD
CY2010 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
331593000 USD
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
304499000 USD
CY2009 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2010 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1291843000 USD
CY2011 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
720100000 USD
CY2009 us-gaap Profit Loss
ProfitLoss
61058000 USD
CY2010 us-gaap Profit Loss
ProfitLoss
69862000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
28527000 USD
CY2010Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
6656000 USD
CY2011 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
107500000 USD
CY2009 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
0 USD
CY2010 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
0 USD
CY2010Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
89756000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
121775000 USD
CY2009 us-gaap Revenues
Revenues
983146000 USD
CY2011 us-gaap Revenues
Revenues
1640440000 USD
CY2010 us-gaap Revenues
Revenues
1248045000 USD
CY2010Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
76225000 USD
CY2011Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
0 USD
CY2010Q4 us-gaap Senior Notes
SeniorNotes
0 USD
CY2010 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
279000 USD
CY2010 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
0 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
422000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
52000 USD
CY2009 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
45057000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
768642000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
750174000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
768980000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
750449000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
676526000 USD
CY2008Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
509759000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
962336 shares
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
962336 shares
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3801000 USD
CY2010Q4 us-gaap Unearned Premiums
UnearnedPremiums
657556000 USD
CY2011Q4 us-gaap Unearned Premiums
UnearnedPremiums
832047000 USD
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70060197 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72903688 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71372688 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72155503 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70799966 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69646804 shares
CY2009 mhld Accelerated Amortization Of Junior Subordinated Debt Discount And Issuance Cost
AcceleratedAmortizationOfJuniorSubordinatedDebtDiscountAndIssuanceCost
0 USD
CY2011 mhld Accelerated Amortization Of Junior Subordinated Debt Discount And Issuance Cost
AcceleratedAmortizationOfJuniorSubordinatedDebtDiscountAndIssuanceCost
20313000 USD
CY2010 mhld Accelerated Amortization Of Junior Subordinated Debt Discount And Issuance Cost
AcceleratedAmortizationOfJuniorSubordinatedDebtDiscountAndIssuanceCost
0 USD
CY2010 mhld Accretion Amortization Of Discounts Premiums Investments And Share Based Compensation
AccretionAmortizationOfDiscountsPremiumsInvestmentsAndShareBasedCompensation
-3586000 USD
CY2009 mhld Accretion Amortization Of Discounts Premiums Investments And Share Based Compensation
AccretionAmortizationOfDiscountsPremiumsInvestmentsAndShareBasedCompensation
-5474000 USD
CY2011 mhld Accretion Amortization Of Discounts Premiums Investments And Share Based Compensation
AccretionAmortizationOfDiscountsPremiumsInvestmentsAndShareBasedCompensation
22236000 USD
CY2010Q4 mhld Accrued Expenses And Other Liabilities
AccruedExpensesAndOtherLiabilities
56368000 USD
CY2009 mhld Additional Paid In Capital Non Cash
AdditionalPaidInCapitalNonCash
-44928000 USD
CY2010 mhld Additional Paid In Capital Non Cash
AdditionalPaidInCapitalNonCash
18000 USD
CY2011 mhld Additional Paid In Capital Non Cash
AdditionalPaidInCapitalNonCash
0 USD
CY2010 mhld Change In Unearned Premiums
ChangeInUnearnedPremiums
-58041000 USD
CY2009 mhld Change In Unearned Premiums
ChangeInUnearnedPremiums
-110455000 USD
CY2011 mhld Change In Unearned Premiums
ChangeInUnearnedPremiums
-171093000 USD
CY2009 mhld Commissions And Other Underwriting Expense
CommissionsAndOtherUnderwritingExpense
241429000 USD
CY2011 mhld Commissions And Other Underwriting Expense
CommissionsAndOtherUnderwritingExpense
438812000 USD
CY2010 mhld Commissions And Other Underwriting Expense
CommissionsAndOtherUnderwritingExpense
336697000 USD
CY2009 mhld Discount On Junior Subordinated Debt
DiscountOnJuniorSubordinatedDebt
44928000 USD
CY2010 mhld Discount On Junior Subordinated Debt
DiscountOnJuniorSubordinatedDebt
0 USD
CY2011 mhld Discount On Junior Subordinated Debt
DiscountOnJuniorSubordinatedDebt
0 USD
CY2009 mhld Expenses Incurred In Repurchase Of Junior Subordinated Debt
ExpensesIncurredInRepurchaseOfJuniorSubordinatedDebt
0 USD
CY2010 mhld Expenses Incurred In Repurchase Of Junior Subordinated Debt
ExpensesIncurredInRepurchaseOfJuniorSubordinatedDebt
0 USD
CY2011 mhld Expenses Incurred In Repurchase Of Junior Subordinated Debt
ExpensesIncurredInRepurchaseOfJuniorSubordinatedDebt
15050000 USD
CY2011 mhld Funds Withheld
FundsWithheld
-81930000 USD
CY2010 mhld Funds Withheld
FundsWithheld
0 USD
CY2009 mhld Funds Withheld
FundsWithheld
0 USD
CY2010Q4 mhld Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
103905000 USD
CY2011 mhld Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
8983000 USD
CY2010 mhld Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
22007000 USD
CY2009 mhld Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
77246000 USD
CY2010 mhld Payments Of Subordinated Debt Issuance Cost
PaymentsOfSubordinatedDebtIssuanceCost
0 USD
CY2009 mhld Payments Of Subordinated Debt Issuance Cost
PaymentsOfSubordinatedDebtIssuanceCost
4342000 USD
CY2011 mhld Payments Of Subordinated Debt Issuance Cost
PaymentsOfSubordinatedDebtIssuanceCost
0 USD
CY2010 mhld Purchase Of Other Investment Non Cash
PurchaseOfOtherInvestmentNonCash
-4751000 USD
CY2009 mhld Purchase Of Other Investment Non Cash
PurchaseOfOtherInvestmentNonCash
0 USD
CY2011 mhld Purchase Of Other Investment Non Cash
PurchaseOfOtherInvestmentNonCash
0 USD
CY2011 mhld Redemption Of Other Investment Non Cash
RedemptionOfOtherInvestmentNonCash
0 USD
CY2010 mhld Redemption Of Other Investment Non Cash
RedemptionOfOtherInvestmentNonCash
-4751000 USD
CY2009 mhld Redemption Of Other Investment Non Cash
RedemptionOfOtherInvestmentNonCash
0 USD
CY2010 mhld Reinsurance Balances Receivable Non Cash
ReinsuranceBalancesReceivableNonCash
-17806000 USD
CY2011 mhld Reinsurance Balances Receivable Non Cash
ReinsuranceBalancesReceivableNonCash
0 USD
CY2009 mhld Reinsurance Balances Receivable Non Cash
ReinsuranceBalancesReceivableNonCash
0 USD
CY2011 mhld Statutory Requirements Note Block
StatutoryRequirementsNoteBlock
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Statutory Financial Information </font></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under The Insurance Act 1978 (Bermuda), amendments thereto and related regulations (the &#8220;Insurance Act&#8221;), Maiden Bermuda is required to prepare Statutory Financial Statements and to file a Statutory Financial Return in Bermuda. The Insurance Act also requires Maiden Bermuda to maintain a minimum share capital of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$120</font><font style="font-family:inherit;font-size:10pt;">. To satisfy these requirements, the statutory capital and surplus of Maiden Bermuda at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;"> was approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$693,435</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2010</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211;&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$670,060</font><font style="font-family:inherit;font-size:10pt;">) and the amount required to be maintained under Bermuda law, the Minimum Solvency Margin, was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$226,468</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2010</font><font style="font-family:inherit;font-size:10pt;">&#160;&#8211;&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$164,593</font><font style="font-family:inherit;font-size:10pt;">) at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">. Maiden Bermuda was also required to maintain a minimum liquidity ratio. All requirements were met by Maiden Bermuda throughout the period. In addition, Maiden Bermuda is subject to statutory and regulatory restrictions under the Insurance Act that limit the maximum amount of annual dividends or distributions to be paid by Maiden Bermuda to Maiden Holdings without notification to the Bermuda Monetary Authority of such payment (and in certain cases prior approval of the Bermuda Monetary Authority). Maiden Bermuda is also restricted to pay dividends that would result in Maiden Bermuda failing to comply with the enhanced capital requirement ("ECR") as calculated based on the Bermuda Solvency Requirement ("BSCR"). Maiden Bermuda is currently completing its BSCR as at December 31, 2011 and it is anticipated Maiden Bermuda will be allowed to pay dividends or distributions not exceeding </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3,843</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:100%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maiden Bermuda is registered as a Class 3B reinsurer under the Insurance Act and therefore must maintain capital at a level equal to its ECR which is established by reference to the BSCR model. The BSCR employs a standard mathematical model that correlates the risk underwritten to the capital that is dedicated to the business. The regulatory requirements are designed to have insurers operate at or above a threshold capital level, which exceeds the BSCR. While not specifically referred to in the Insurance Act, the BMA has established a target capital level (&#8220;TCL&#8221;) for each Class 3B insurer equal to 120% of its ECR. While a Class 3B insurer is not currently required to maintain its statutory capital and surplus at this level, the TCL serves as an early warning tool for the BMA and failure to maintain statutory capital at least equal to the TCL will likely result in increased BMA regulatory oversight. Maiden Bermuda is currently completing its BSCR as at December 31, 2011 and believes that it exceeds the ECR level of required capital. </font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For Bermuda registered insurance companies, there are some differences between financial statements prepared in accordance with U.S. GAAP and those prepared on a statutory basis. Certain assets are non-admitted under Bermuda regulations and so deferred commission and other acquisition expenses have been fully expensed and prepaid expenses and fixed assets removed from the statutory balance sheet. </font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s insurance subsidiaries in United States, Maiden US and Maiden Specialty, file financial statements in accordance with statutory accounting practices (&#8220;SAP&#8221;) prescribed or permitted by domestic or foreign insurance regulatory authorities. The differences between statutory financial statements and financial statements prepared in accordance with GAAP vary between domestic and foreign jurisdictions. The principal differences relate to (1) acquisition expenses incurred in connection with acquiring new business which are charged to expense under SAP but under GAAP are deferred and amortized as the related premiums are earned; (2) limitation on net deferred tax assets created by the tax effects of temporary differences; (3) unpaid losses and loss expense, and unearned premium reserves are presented gross of reinsurance with a corresponding asset recorded; and (4) fixed maturity portfolios that qualify as available-for-sale are carried at fair value and changes in fair value are reflected directly in unassigned surplus, net of related deferred taxes. </font></div><div style="line-height:100%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Without prior approval of its domiciliary commissioner, dividends to shareholders are limited by the laws of the US companies&#8217; state of domicile, Missouri and North Carolina, to the greater of 10% of statutory policyholders&#8217; surplus as at the preceding December 31, or net income, less net realized capital gain on investments, for the 12-month period ending December 31 of the preceding year. Accordingly, the maximum dividend payments that can be made in the next year without prior approval by the Missouri Department of Insurance and North Carolina Department of Insurance is </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$0</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$3,628</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s insurance subsidiary in Sweden, Maiden LF, is regulated by the Swedish Finansinspektionen (&#8220;Swedish FSA&#8221;). Maiden LF was required to maintain a minimum level of statutory capital and surplus of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$4,536</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2010</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$4,953</font><font style="font-family:inherit;font-size:10pt;">). This requirement was met by Maiden LF throughout the period. The statutory assets were approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$31,761</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2010</font><font style="font-family:inherit;font-size:10pt;"> - </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$47,334</font><font style="font-family:inherit;font-size:10pt;">). Maiden LF is subject to statutory and regulatory restrictions under the Swedish FSA that limit the maximum amount of annual dividends or distributions paid by Maiden LF to the Company. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">, Maiden LF is allowed to pay dividends or distributions not exceeding the capital surplus of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$1,385</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:100%;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Statutory and GAAP equity and net income of the Company's insurance and reinsurance subsidiaries were as follows: </font></div><div style="line-height:100%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td width="41%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maiden Bermuda</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maiden US</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maiden Specialty</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maiden LF</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Statutory Capital and Surplus</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As at December 31, 2011</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">693,435</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">268,055</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,280</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As at December 31, 2010</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">670,060</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">262,724</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,693</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,755</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Statutory Net Income (Loss)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Year Ended December 31, 2011</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,070</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,684</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">119</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">753</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Year Ended December 31, 2010</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">89,562</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,268</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,675</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">486</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Year Ended December 31, 2009</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,937</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,826</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,680</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2010 mhld Value Of Stock Issued In Noncash Financing Activities
ValueOfStockIssuedInNoncashFinancingActivities
-18000 USD
CY2011 mhld Value Of Stock Issued In Noncash Financing Activities
ValueOfStockIssuedInNoncashFinancingActivities
0 USD
CY2009 mhld Value Of Stock Issued In Noncash Financing Activities
ValueOfStockIssuedInNoncashFinancingActivities
0 USD
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001412100
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
72221999 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
471035601000 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
MAIDEN HOLDINGS, LTD.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Trading Symbol
TradingSymbol
MHLD

Files In Submission

Name View Source Status
0001445305-12-000650-index-headers.html Edgar Link pending
0001445305-12-000650-index.html Edgar Link pending
0001445305-12-000650.txt Edgar Link pending
0001445305-12-000650-xbrl.zip Edgar Link pending
exhibit-105.htm Edgar Link pending
exhibit-211.htm Edgar Link pending
exhibit-231.htm Edgar Link pending
exhibit-311.htm Edgar Link pending
exhibit-312.htm Edgar Link pending
exhibit-321.htm Edgar Link pending
exhibit-322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mhld-20111231.xml Edgar Link completed
mhld-20111231.xsd Edgar Link pending
mhld-20111231x10k.htm Edgar Link pending
mhld-20111231_cal.xml Edgar Link unprocessable
mhld-20111231_def.xml Edgar Link unprocessable
mhld-20111231_lab.xml Edgar Link unprocessable
mhld-20111231_pre.xml Edgar Link unprocessable
performancegraph.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending