v3.21.2

Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2021

Stockholders' Equity Note [Abstract]

Schedule of accumulated other comprehensive income (loss)

The following tables set forth financial information regarding the changes in the balances of each component of AOCI:

For the Three Months Ended June 30, 2021						Change in net unrealized gains on investment						Foreign currency translation						Total
Beginning balance						$	24,605					$	(15,354)					$	9,251
Other comprehensive loss before reclassifications						(194)						(2,555)						(2,749)
Amounts reclassified from AOCI to net income, net of tax						(779)						—						(779)
Net current period other comprehensive loss						(973)						(2,555)						(3,528)
Ending balance, Maiden shareholders						$	23,632					$	(17,909)					$	5,723
For the Three Months Ended June 30, 2020						Change in net unrealized gains on investment						Foreign currency translation						Total
Beginning balance						$	(22,125)					$	(4,163)					$	(26,288)
Other comprehensive income (loss) before reclassifications						41,677						(3,820)						37,857
Amounts reclassified from AOCI to net income, net of tax						(2,368)						—						(2,368)
Net current period other comprehensive income (loss)						39,309						(3,820)						35,489
Ending balance, Maiden shareholders						$	17,184					$	(7,983)					$	9,201
For the Six Months Ended June 30, 2021						Change in net unrealized gains on investment						Foreign currency translation						Total
Beginning balance						$	49,357					$	(25,500)					$	23,857
Other comprehensive (loss) income before reclassifications						(20,700)						7,591						(13,109)
Amounts reclassified from AOCI to net income, net of tax						(5,025)						—						(5,025)
Net current period other comprehensive (loss) income						(25,725)						7,591						(18,134)
Ending balance, Maiden shareholders						$	23,632					$	(17,909)					$	5,723
For the Six Months Ended June 30, 2020						Change in net unrealized gains on investment						Foreign currency translation						Total
Beginning balance						$	21,996					$	(4,160)					$	17,836
Other comprehensive income (loss) before reclassifications						1,589						(3,823)						(2,234)
Amounts reclassified from AOCI to net income, net of tax						(6,401)						—						(6,401)
Net current period other comprehensive loss						(4,812)						(3,823)						(8,635)
Ending balance, Maiden shareholders						$	17,184					$	(7,983)					$	9,201

Schedule of preference shares repurchased and outstanding

The following table shows the summary of repurchases made of the Company's preference shares pursuant to the 2021 Preference Share Repurchase Program during the three and six months ended June 30, 2021:

												For the Three Months Ended June 30, 2021												For the Six Months Ended June 30, 2021
																		Number of shares purchased						Average price of shares purchased						Number of shares purchased						Average price of shares purchased
Series A																		822,104						$	14.52					3,383,740						$	14.79
Series C																		646,817						14.17						2,675,778						14.54
Series D																		433,623						14.22						2,457,519						14.53
Total																		1,902,544						14.33						8,517,037						14.64
Total price paid																		$	27,264											$	124,658
Gain on purchase																		$	18,714											$	81,164

The following table shows the summary of changes for the Company's preference shares outstanding at June 30, 2021:

						Series A						Series C						Series D						Total
Outstanding shares issued by Maiden Holdings						6,000,000						6,600,000						6,000,000						18,600,000
Shares held by Maiden Reinsurance - December 31, 2020						545,218						1,203,466						1,078,911						2,827,595
Shares purchased by Maiden Reinsurance during the three months ended March 31, 2021						2,561,636						2,028,961						2,023,896						6,614,493
Shares purchased by Maiden Reinsurance during the three months ended June 30, 2021						822,104						646,817						433,623						1,902,544
Total shares held by Maiden Reinsurance - June 30, 2021						3,928,958						3,879,244						3,536,430						11,344,632
Total shares held by non-affiliates - June 30, 2021						2,071,042						2,720,756						2,463,570						7,255,368
Percentage held by Maiden Reinsurance - June 30, 2021						65.5		%				58.8		%				58.9		%				61.0		%

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