Maiden Hldgs Ltd (MHLD) Reports In-Line Q1 EPS
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May 7, 2014 4:12 PM EDT
John Marshaleck, Chief Financial Officer, to retire at year-end 2014
Karen Schmitt promoted to Chief Financial Officer
Tom Highet promoted to President of Maiden Reinsurance Company
HAMILTON, Bermuda, May 7, 2014 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq: MHLD) ("Maiden" or "the Company") today announced that John Marshaleck, Chief Financial Officer, has decided to retire at the end of 2014 and in the interim will serve as Chief Operating Officer focusing his efforts on ensuring a smooth transition of responsibilities. Karen Schmitt, President... More
May 7, 2014 4:11 PM EDT
Highlights for the quarter ended March 31, 2014
Annualized operating return on common equity(1) of 12.6% compared to 9.8% in the first quarter of 2013;
Record net operating earnings (1) of $25.6 million, or $0.34 per diluted common share compared with net operating earnings of $21.1 million, or $0.29 per diluted common share in the first quarter of 2013;
Net premiums written increased 3.0% to $709.9 million for the first quarter of 2014 compared to the same period last year; excluding the cancelled National General Holdings Quota Share, the underlying growth rate was 16.0%;
Combined ratio(11) of 97.7% compared to 97.5% in the first quarter of 2013;...
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