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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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| Revenues: | ||||
| Gross premiums written | $ 491,915,000 | $ 478,515,000 | $ 1,742,092,000 | $ 1,536,955,000 |
| Net premiums written | 463,418,000 | 455,847,000 | 1,650,426,000 | 1,458,640,000 |
| Change in unearned premiums | 44,708,000 | (6,874,000) | (140,585,000) | (134,055,000) |
| Net premiums earned | 508,126,000 | 448,973,000 | 1,509,841,000 | 1,324,585,000 |
| Other insurance revenue | 3,271,000 | 2,622,000 | 11,266,000 | 9,650,000 |
| Net investment income | 23,253,000 | 21,550,000 | 65,977,000 | 60,072,000 |
| Net realized gains on investment | 477,000 | 2,410,000 | 3,707,000 | 836,000 |
| Total revenues | 535,127,000 | 475,555,000 | 1,590,791,000 | 1,395,143,000 |
| Expenses: | ||||
| Net loss and loss adjustment expenses | 341,629,000 | 309,146,000 | 1,019,871,000 | 897,498,000 |
| Commission and other acquisition expenses | 144,194,000 | 120,923,000 | 420,096,000 | 367,844,000 |
| General and administrative expenses | 13,251,000 | 13,578,000 | 44,163,000 | 42,617,000 |
| Interest and amortization expenses | 9,571,000 | 9,569,000 | 28,711,000 | 26,815,000 |
| Amortization of intangible assets | 945,000 | 1,090,000 | 2,835,000 | 3,271,000 |
| Foreign exchange and other losses (gains) | 23,000 | (1,213,000) | (2,573,000) | (1,318,000) |
| Total expenses | 509,613,000 | 453,093,000 | 1,513,103,000 | 1,336,727,000 |
| Income before income taxes | 25,514,000 | 22,462,000 | 77,688,000 | 58,416,000 |
| Income taxes: | ||||
| Current tax expense | 136,000 | 397,000 | 656,000 | 880,000 |
| Deferred tax expense | 345,000 | 131,000 | 561,000 | 618,000 |
| Income tax expense | 481,000 | 528,000 | 1,217,000 | 1,498,000 |
| Net income | 25,033,000 | 21,934,000 | 76,471,000 | 56,918,000 |
| Less: Income attributable to noncontrolling interest | (36,000) | (15,000) | (95,000) | (81,000) |
| Net income attributable to Maiden shareholders | 24,997,000 | 21,919,000 | 76,376,000 | 56,837,000 |
| Dividends on preference shares | (3,093,000) | 0 | (9,281,000) | 0 |
| Net income attributable to Maiden common shareholders | $ 21,904,000 | $ 21,919,000 | $ 67,095,000 | $ 56,837,000 |
| Basic earnings per share attributable to Maiden common shareholders (in dollars per share) | $ 0.30 | $ 0.30 | $ 0.92 | $ 0.79 |
| Diluted earnings per share attributable to Maiden common shareholders (in dollars per share) | $ 0.30 | $ 0.30 | $ 0.91 | $ 0.78 |
| Dividends declared per common share (in dollars per share) | $ 0.09 | $ 0.08 | $ 0.27 | $ 0.24 |
| X | ||||||||||
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- Definition
Foreign Currency Transaction and Other Gain (Loss), before Tax No definition available.
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of written premiums assumed from other entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of decrease (increase) in unearned premiums. No definition available.
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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