v2.3.0.15
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Investments:  
Fixed maturities, available-for-sale, at fair value (Amortized cost 2011:$1,821,751; 2010: $1,819,775)$ 1,898,070$ 1,874,433
Other investments, at fair value (Cost 2011: $1,812; 2010: $5,751)2,0105,847
Total investments1,900,0801,880,280
Cash and cash equivalents146,30896,151
Restricted cash and cash equivalents96,77089,756
Accrued investment income11,34414,091
Reinsurance balances receivable, net (includes $181,457 and $95,227 from related parties in 2011 and 2010, respectively)372,521226,333
Funds withheld143,952152,713
Prepaid reinsurance premiums (includes $7,519 and $1,211 from related parties in 2011 and 2010, respectively)39,33928,992
Reinsurance recoverable on unpaid losses (includes $3,673 and $383 from related parties in 2011 and 2010, respectively)12,5736,656
Loan to related party167,975167,975
Deferred commission and other acquisition costs (includes $142,146 and $118,015 from related parties in 2011 and 2010, respectively)248,144203,631
Goodwill and intangible assets, net100,026103,905
Other assets17,03512,079
Total assets3,256,0672,982,562
LIABILITIES  
Reserve for loss and loss adjustment expenses (includes $355,578 and $263,916 from related parties in 2011 and 2010, respectively)1,325,8361,226,773
Unearned premiums (includes $480,444 and $366,412 from related parties in 2011 and 2010, respectively)845,424657,556
Accrued expenses and other liabilities83,50756,368
Securities sold under agreements to repurchase, at contract value 76,225
Senior notes107,500 
Junior subordinated debt126,251215,191
Total liabilities2,488,5182,232,113
Commitments and Contingencies  
EQUITY  
Common shares ($0.01 par value;73,168,608 and 73,069,436 shares issued in 2011 and 2010, respectively; 72,206,272 and 72,107,100 shares outstanding in 2011 and 2010, respectively)732731
Additional paid-in capital578,634577,135
Accumulated other comprehensive income74,76254,334
Retained earnings116,882121,775
Treasury shares, at cost (2011 and 2010: 962,336 shares)(3,801)(3,801)
Total Maiden shareholders' equity767,209750,174
Noncontrolling interest in subsidiaries340275
Total equity767,549750,449
Total liabilities and equity$ 3,256,067$ 2,982,562