Maiden Holdings: Rises on Q3 profit

Kestrel

16/11/2020 12:52

** Shares of reinsurance solution provider  MHLD.O  surge
20% to $1.65 premarket
    ** Co on Friday posted Q3 net income of $2.2 mln, compared
with net loss of $58.3 mln in 2019  urn:newsml:reuters.com:*:nBw4ZSVTa
    ** Posts underwriting income of $3.4 mln in Q3 vs
underwriting loss of $80.3 mln last year due to net favorable
loss development for the quarter
    ** Says adj. book value per share was $1.81 at Sept. 30
    ** YTD, stock up 85%

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))