v3.22.1

Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Schedule of preference shares repurchased and outstanding

The following table shows the summary of the Company's preference shares repurchases made for the three months ended March 31, 2022 and 2021:

						For the Three Months Ended March 31, 2022												For the Three Months Ended March 31, 2021
						Number of shares purchased						Average price of shares purchased						Number of shares purchased						Average price of shares purchased
Series A						—						$	—					2,561,636						$	14.88
Series C						179,996						11.59						2,028,961						14.65
Series D						94,865						10.67						2,023,896						14.60
Total						274,861						11.27						6,614,493						14.72
Total price paid						$	3,098											$	97,393
Gain on purchase						$	3,543											$	62,450

The following table shows the summary of changes for the Company's preference shares outstanding (including the total of the Company's preference shares held by Maiden Reinsurance pursuant to the cash tender offer in December 2020 and the 2021 Preference Share Repurchase Program) at March 31, 2022:

						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
Less: Total shares held by Maiden Reinsurance - March 31, 2022						4,064,311						4,410,226						4,031,931						12,506,468
Total shares held by non-affiliates - March 31, 2022						1,935,689						2,189,774						1,968,069						6,093,532
Percentage held by Maiden Reinsurance - March 31, 2022						67.7		%				66.8		%				67.2		%				67.2		%

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 March 31, 2022						Change in net unrealized gains on investment						Foreign currency translation						Total
Beginning balance						$	(2,693)					$	(9,522)					$	(12,215)
Other comprehensive (loss) income before reclassifications						(12,921)						5,592						(7,329)
Amounts reclassified from AOCI to net income, net of tax						(5,238)						—						(5,238)
Net current period other comprehensive (loss) income						(18,159)						5,592						(12,567)
Ending balance, Maiden shareholders						$	(20,852)					$	(3,930)					$	(24,782)
For the Three Months Ended March 31, 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						(20,506)						10,146						(10,360)
Amounts reclassified from AOCI to net income, net of tax						(4,246)						—						(4,246)
Net current period other comprehensive (loss) income						(24,752)						10,146						(14,606)
Ending balance, Maiden shareholders						$	24,605					$	(15,354)					$	9,251

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