MHLD - Maiden Holdings reports Q3 net income non-GAAP operating loss

Maiden Holdings (MHLD) reports Q3 net income of $2.2M, or 3 cents per share, vs. a net loss of $58.3M, or 70 cents per share, in the year-ago quarter.MHLD soars 45% in after-hours trading after the company announced a tender offer for $100M of its preference shares.Q3 non-GAAP operating loss of $2.3M, or 3 cents per share, compared with non-GAAP operating earnings of $39.55M, or 47 cents per share, in the same period in 2019.Book value per common share was 86 cents at Sept. 30, 2020 vs. 51 cents at Dec. 31, 2019; adjusted for r the unamortized deferred gain on retroactive reinsurance recognized as of Sept. 30, 2020 of $80.0M, the company's adjusted book value per common share was $1.81 at Sept. 30, 2020."Our book value continued to increase as we extended our profitable 2020 during the third quarter. Our active portfolio management enabled us to capture realized investment gains in

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Maiden Holdings reports Q3 net income, non-GAAP operating loss