Maiden Holdings Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Maiden Holdings Ltd (MHLD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Maiden Holdings Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 42M vs 894,044M combined for its competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+35.1% annualized vs trailing 12 months), vs decelerating (-6.2%) for its tracked peer group.
- Growth: Maiden Holdings Ltd generated -51.4% revenue growth year over year in Q1 2025, vs 4.6% for its competitors combined.
- Profitability: Its -61.5% net margin compares with 6.0% for the peer group.
- Peer revenue share: Maiden Holdings Ltd accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.21M compares with $1.23M for the peer group (0.2x).
- Structure: Maiden Holdings Ltd operates in the following segments: Diversified Reinsurance, AmTrust Reinsurance.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MHLD Sales vs. its Competitors, Q1 2025
Maiden Holdings Ltd reported revenue contraction of 51.39 % year on year in Q1 2025, below its competitors' combined revenue growth of 4.64 %.
With a net margin of -61.53 %, Maiden Holdings Ltd reported lower profitability than its competitors (5.99 %).
Maiden Holdings Ltd generated 0.01 % of the combined sales of its peer group, up from 0.01 % a year earlier.
API endpoints for this dataset
Maiden Holdings Ltd vs. its Competitors, Q1 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Maiden Holdings Ltd reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Maiden Holdings Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Maiden Holdings Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Maiden Holdings Ltd's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 4.1% year over year, combined, vs -51.4% for Maiden Holdings Ltd. Maiden Holdings Ltd's share of combined industry revenue moved from 0.01% to 0.01%, a loss of 0.01 percentage points.
Maiden Holdings Ltd's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Maiden Holdings Ltd | - | No | No | Yes |
| Competitors combined (25) | ||||
| High-Confidence Competitors (3) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MHLD Stock Performance relative to its Competitors
MHLD Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Siriuspoint Ltd | 282.9% | Outperformed |
| 2 | Reinsurance Group Of America Incorporated | 282.9% | Outperformed |
| 3 | Renaissancere Holdings Ltd | 282.9% | Outperformed |
| 4 | Everest Group Ltd | 282.9% | Outperformed |
| 5 | Greenlight Capital Re Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Maiden Holdings Ltd's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Maiden Holdings Ltd's Comment on Competition and Industry Peers
Both Maiden US and Maiden Bermuda compete with a wide variety of major reinsurers including those based in Bermuda. In our Diversified Reinsurance segment, we compete with reinsurers that provide property and casualty-based lines of reinsurance such as: General Reinsurance Corporation, Hannover Re Group, Munich Reinsurance America, Inc., PartnerRe Ltd., Swiss Reinsurance Company Ltd., and Transatlantic Reinsurance Company.
Many of these entities have significantly more capital, higher ratings from rating agencies and more employees than we do; in addition, these entities have established long-term and continuing business relationships throughout the industry, which can be significant competitive advantages. However, we believe the enhanced security that we offer our clients through collateral trusts, our niche specialist orientation, our operating efficiency and our careful relationship management capabilities help offset these advantages and allow us to effectively compete for profitable business.
In addition, in recent years, significant increases in the use of risk-linked securities and derivative and other non-traditional risk transfer mechanisms and vehicles are being developed and offered by other parties, including entities other than insurance and reinsurance companies. The availability of both these non-traditional products and sources of capital could reduce the demand for traditional insurance and reinsurance.
A number of new, proposed or potential industry or legislative developments could also further increase competition in our industry. New competition from these developments may result in fewer contracts written, lower premium rates, increased expenses for customer acquisition and retention and less favorable policy terms and conditions, which could have a material adverse impact on our growth and profitability.
More recently, January 1, 2016 reinsurance renewals show competitive pricing conditions. While these conditions have been most pronounced in severity related placements, particularly in property catastrophe contracts which are more acutely feeling the impact of capital inflows, we also see an elevated level of competition in our higher frequency/lower severity business as well. While the business we write as part of our business model is somewhat more insulated from these competitive conditions, we are experiencing some pricing pressures as a result of broader industry conditions.
As market conditions continue to develop, we continue to maintain our adherence to disciplined underwriting by declining business when pricing terms and conditions do not meet our underwriting standards. We believe that we are well positioned to take advantage of market conditions should the pricing environment become more favorable.
Publicly Traded Peers of Maiden Holdings Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Maiden Holdings Ltd |
99.12 | 41.58 |
 Marsh and Mclennan Companies Inc |
97,893.23 | 28,470.00 |
 The Cigna Group |
78,027.17 | 282,382.00 |
 Aon Plc |
71,519.01 | 17,707.00 |
 American International Group Inc |
41,982.90 | 27,728.00 |
 Arch Capital Group Ltd |
37,712.26 | 19,232.00 |
| SUBTOTAL | 491,493.38 | 894,086.01 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Maiden Holdings Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Maiden Holdings Ltd's Competitors Named by the Company
Competitive relationships identified from Maiden Holdings Ltd reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Obsidian | Company report | 85% |
| Transverse | Company report | 85% |
| Palomar | Company report | 85% |
| Clear Blue Insurance Group | Company report | 85% |
| Trisura | Company report | 85% |
| State National | Company report | 85% |
| Amerinst Insurance Group Ltd | Company report | 85% |
| Siriuspoint Ltd | Company report | 85% |
| Markel Group Inc | Company report | 85% |
| Partnerre Ltd | Company report | 85% |
| Greenlight Capital Re Ltd | Company report | 85% |
| Enstar Group Ltd | Company report | 85% |
| Rli Corp | Company report | 85% |
| Alleghany Corp | Company report | 85% |
| Oxbridge Re Holdings Limited | Company report | 85% |
| Reinsurance Group Of America Incorporated | Company report | 85% |
| Global Indemnity Group Llc | Company report | 85% |
| Renaissancere Holdings Ltd | Company report | 85% |
| Aspen Insurance Holdings Limited | Company report | 85% |
| Mbia Inc | Company report | 85% |
| American International Group Inc | Company report | 85% |
| Unum Group | Company report | 85% |
| Everest Group Ltd | Company report | 85% |
| Arch Capital Group Ltd | Company report | 85% |
| Berkshire Hathaway Inc | Company report | 85% |
| Axis Capital Holdings Limited | Company report | 85% |
| Genworth Financial Inc | Company report | 85% |
| Marsh and Mclennan Companies Inc | Company report | 85% |
| Loews Corp | Company report | 85% |
Company report basis, confidence, active dates and source counts for Maiden Holdings Ltd's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Maiden Holdings Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Maiden Holdings Ltd | Diversified Reinsurance 35.59 % |
| Marsh and Mclennan Companies Inc | Risk 55.31 % |
| The Cigna Group | Evernorth 86.55 % |
| Aon Plc | Risk Capital 65.40 % |
| American International Group Inc | North America Operating 34.61 % |
| Arch Capital Group Ltd | Insurance 41.61 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Maiden Holdings Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Maiden Holdings Ltd | 99 | 206,871 | -1,050,030 |
| Marsh and Mclennan Companies Inc | 97,893 | 299,684 | 43,358 |
| The Cigna Group | 78,027 | 4,171,078 | 102,555 |
| Aon Plc | 71,519 | 295,117 | 65,750 |
| American International Group Inc | 41,983 | 1,254,661 | 148,914 |
| Arch Capital Group Ltd | 37,712 | 2,404,000 | 586,500 |
| PEERS TOTAL | 491,394 | 1,233,119 | 175,049 |
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Maiden Holdings Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Maiden Holdings Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 63 companies in Maiden Holdings Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Maiden Holdings Ltd ranks #0 of 63 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,644, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 142,652 | 6.88 % |
| 3 | Progressive Corp | 133,227 | 6.43 % |
| 4 | Travelers Companies inc | 84,445 | 4.07 % |
| 5 | Allstate Corp | 65,990 | 3.18 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 8 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
| 0 | Maiden Holdings Ltd | 114 | 0.00 % |
Market cap and industry share for the rest of Maiden Holdings Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-05-27.
Maiden Holdings Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | -26.16 % | 46.32 % (avg) | -72.5 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | 23.23 % (avg) | - |
| Capital Intensity (Capex / Revenue) | 0.00 % | 0.92 % (avg) | -0.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Maiden Holdings Ltd's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Property & Casualty Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 11.7x | - |
| EV / EBITDA | - | 5.1x | - |
| P/B | 0.7x | 2.1x | -1.4x |
| Return on Equity | -159.59 % | industry aggregate | -172.34 % |
| Return on Invested Capital | -5.20 % | 7.89 % (avg) | -13.09 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Maiden Holdings Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 6.94 % | -25.89 % | -73.39 % | -68.04 % | -46.38 % | -41.11 % | 53.50 % | -36.76 % |
| Operating Margin | -4.95 % | -19.48 % | -15.79 % | 30.19 % | 37.10 % | -28.98 % | -47.55 % | - |
| Return on Invested Capital | -2.99 % | -10.73 % | -5.19 % | 3.67 % | 2.96 % | -0.99 % | -2.24 % | -4.22 % |
| P/E | - | - | - | 2.2x | 2.2x | 3.3x | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Maiden Holdings Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,644 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 0.92 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Maiden Holdings Ltd's dedicated Suppliers and Customers pages, not here.
Maiden Holdings Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+35.1% annualized vs trailing 12 months).
Weaknesses
- Return on equity 172.3 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-6.2% annualized).
Methodology: see Methodology: SWOT Analysis.
Maiden Holdings Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Maiden Holdings Ltd | 0.03 | 0.72 | 1.93 |
| Marsh and Mclennan Companies Inc | 0.52 | 1.13 | 1.36 |
| The Cigna Group | 0.12 | 0.82 | 0.76 |
| Aon Plc | 0.06 | 1.06 | 1.86 |
| American International Group Inc | 0.03 | 1.44 | 0.11 |
| Arch Capital Group Ltd | 0.29 | 3.48 | 0.13 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Maiden Holdings Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Maiden Holdings Ltd | Q1 2025 | -51.4 % | - |
| Marsh and Mclennan Companies Inc | Q3 2026 | +7.9 % | +6.7 % |
| The Cigna Group | Q2 2026 | +6.7 % | +22.4 % |
| Aon Plc | Q3 2026 | +2.6 % | +1.3 % |
| American International Group Inc | Q3 2026 | +17.2 % | +62.0 % |
| Arch Capital Group Ltd | Q2 2026 | -10.5 % | -14.6 % |
| PEERS TOTAL | +6.4 % | +45.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Maiden Holdings Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Maiden Holdings Ltd | Q1 2025 | -18.5 % | - |
| Marsh and Mclennan Companies Inc | Q3 2026 | - | +12.5 % |
| The Cigna Group | Q2 2026 | +6.4 % | - |
| Aon Plc | Q3 2026 | - | +36.2 % |
| American International Group Inc | Q3 2026 | +9.9 % | - |
| Arch Capital Group Ltd | Q2 2026 | -12.9 % | +16.7 % |
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Maiden Holdings Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Maiden Holdings Ltd | - | - | - |
| Marsh and Mclennan Companies Inc | 6.96% | 11.21% | 27.25% |
| The Cigna Group | 4.44% | 6.84% | 16.41% |
| Aon Plc | 7.15% | 9.96% | 40.15% |
| American International Group Inc | 2.03% | 2.32% | 8.17% |
| Arch Capital Group Ltd | 5.77% | 6.76% | 19.52% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Maiden Holdings Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Maiden Holdings Ltd | - | 2.38 |
| Marsh and Mclennan Companies Inc | 24.56 | 3.44 |
| The Cigna Group | 12.54 | 0.28 |
| Aon Plc | 18.60 | 4.04 |
| American International Group Inc | 13.10 | 1.51 |
| Arch Capital Group Ltd | 8.51 | 1.96 |
| PEERS AVERAGE | 3.88 | 0.55 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.