v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Gross premiums written $ (10,170) $ (2,390)
Net premiums written (10,323) (2,696)
Change in unearned premiums 11,445 14,460
Net premiums earned 1,122 11,764
Other insurance revenue 51 269
Net investment income 6,567 9,841
Net realized and unrealized gains on investment 2,309 8,101
Total revenues 10,049 29,975
Expenses    
Net loss and loss adjustment expenses (2,283) 2,359
Commission and other acquisition expenses 2,528 5,942
General and administrative expenses 10,886 13,997
Interest and amortization expenses 4,832 4,831
Foreign exchange and other gains (3,949) (3,542)
Total expenses 12,014 23,587
(Loss) income before income taxes and interest in income of equity method investments (1,965) 6,388
Less: income tax expense 1,255 49
Add: Interest in income of equity method investments 1,271 2,947
Net (loss) income (1,949) 9,286
Gain from repurchase of preference shares 3,543 62,450
Net income available to Maiden common shareholders, basic 1,594 71,736
Net income available to Maiden common shareholders, diluted $ 1,594 $ 71,736
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.02 $ 0.83
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.02 $ 0.83
Weighted average number of common shares - basic (in shares) 86,547,173 85,132,939
Adjusted weighted average number of common shares and assumed conversions - diluted (in shares) 86,550,815 85,136,888