MAIDEN HOLDINGS, LTD.

MHLA ·Financial, Insurance - Property & Casualty, Bermuda
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
Revenue $2.05B $2.57B $2.38B $2.11B $1.90B $1.64B $1.25B $983.1M
Cost of Revenue
Gross Profit
Gross Margin
Operating Expenses
Research & Development
SG&A Expense $50.3M $64.9M $62.6M $58.4M $53.8M $53.9M $42.2M $32.1M
Operating Income $107.6M $155.4M $133.7M $144.5M $88.9M $64.6M $107.7M $96.8M
Operating Margin 5.2% 6.0% 5.6% 6.8% 4.7% 3.9% 8.6% 9.8%
Interest Expense $28.2M $29.1M $30.0M $39.8M $36.4M $34.2M $36.5M $34.4M
Pretax Income $79.5M $126.3M $103.7M $104.7M $52.5M $30.5M $71.2M $62.4M
Income Tax Expense $413.0K $2.0M $2.2M $1.9M $2.2M $1.9M $1.3M $1.3M
Net Income $49.0M $124.5M $101.4M $102.7M $50.2M $28.5M $69.9M $61.1M
Net Margin 2.4% 4.8% 4.3% 4.9% 2.6% 1.7% 5.6% 6.2%
EPS (Basic) $0.20 $1.36 $1.06 $1.21 $0.64 $0.40 $0.99 $0.88
EPS (Diluted) $0.19 $1.31 $1.04 $1.18 $0.64 $0.39 $0.98 $0.87
Shares Outstanding (Basic) 77.5M 73.5M 72.8M 72.5M 72.3M 72.2M 70.8M 69.6M
Shares Outstanding (Diluted) 78.7M 85.6M 74.1M 76.4M 73.1M 72.9M 71.4M 70.1M
Dividends Per Share $0.57 $0.53 $0.46 $0.38 $0.33 $0.30 $0.27 $0.25
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