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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost 2019 - $3,130,981; 2018 - $3,109,980) $ 3,131,934 $ 3,051,568
Fixed maturities, held-to-maturity, at amortized cost (fair value 2018 - $998,012) 0 1,015,681
Other investments, at fair value 24,693 23,716
Total investments 3,156,627 4,090,965
Cash and cash equivalents 89,521 200,841
Restricted cash and cash equivalents 42,334 130,148
Accrued investment income 27,788 27,824
Reinsurance balances receivable, net (includes $40,080 and $38,278 from related parties in 2019 and 2018, respectively) 72,867 67,308
Loan to related party 167,975 167,975
Deferred commission and other acquisition expenses (includes $146,276 and $370,037 from related parties in 2019 and 2018, respectively) 161,976 388,442
Funds withheld receivable (includes $625,661 from related parties in 2019) 652,087 27,039
Other assets 14,729 12,443
Assets held for sale 177,452 174,475
Total assets 4,563,356 5,287,460
LIABILITIES    
Reserve for loss and loss adjustment expenses (includes $2,874,279 and $2,950,388 from related parties in 2019 and 2018, respectively) 2,980,113 3,055,976
Unearned premiums (includes $401,007 and $1,135,913 from related parties in 2019 and 2018, respectively) 455,175 1,200,419
Reinsurance balances payable, net (includes $116,176 and $50,975 from related parties in 2019 and 2018, respectively) 117,943 52,594
Accrued expenses and other liabilities 12,087 12,900
Senior notes - principal amount 262,500 262,500
Less: unamortized debt issuance costs 7,753 7,806
Senior notes, net 254,747 254,694
Liabilities held for sale 159,002 155,961
Total liabilities 3,979,067 4,732,544
Commitments and Contingencies
EQUITY    
Preference shares 465,000 465,000
Common shares ($0.01 par value; 88,054,315 and 87,938,537 shares issued in 2019 and 2018, respectively; 83,064,173 and 82,948,577 shares outstanding in 2019 and 2018, respectively) 881 879
Additional paid-in capital 750,670 749,418
Accumulated other comprehensive loss (220) (65,616)
Accumulated deficit (600,527) (563,891)
Treasury shares, at cost (4,990,142 and 4,989,960 shares in 2019 and 2018, respectively) (31,515) (31,515)
Total Maiden shareholders’ equity 584,289 554,275
Noncontrolling interests in subsidiaries 0 641
Total equity 584,289 554,916
Total liabilities and equity $ 4,563,356 $ 5,287,460