Mount Logan Capital Inc.
Business
Mount Logan Capital Inc. is an alternative asset management and insurance solutions company focused on public and private debt securities in North America and reinsurance of annuity products. The company operates two reportable business segments: Asset Management, which generates recurring fee income from managing private credit funds and vehicles, and Insurance Solutions, through its subsidiary Ability, which reinsures multi-year guaranteed annuities and other insurance products. Mount Logan distributes its services primarily through registered investment adviser subsidiaries, BDC platforms, interval funds, separately managed accounts, and direct reinsurance channels across U.S. markets.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Equity investment earning | 1 | 680,000 | |
| Net premiums | −17 | −15 | |
| Total revenues | 54 | 50 | |
| Amortization of deferred acquisition costs | 3 | 2 | |
| Goodwill impairment | 26 | 0 | |
| Total expenses | 121 | 60 | |
| Income (loss) before taxes | −58 | −10 | |
| Net income (loss) | −61 | −10 | |
| Net income (loss) attributable to common shareholders - basic (in dollars per share) | −7.08 | −1.7 | |
| Net income (loss) attributable to common shareholders - Diluted (in dollars per share) | −7.08 | −1.7 | |
| Weighted average shares outstanding Basic (in shares) | 9 | 6 | |
| Weighted average shares outstanding Diluted (in shares) | 9 | 6 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Investments | 1,107 | 1,063 | — | |
| Reinsurance recoverable | 273 | 259 | — | |
| Deferred acquisition costs | 7 | 7 | 6 | |
| Goodwill | 30 | 56 | — | |
| Other assets | 26 | 47 | — | |
| Assets | 1,601 | 1,562 | — | |
| Future policy benefits | 782 | 770 | — | |
| Accrued expenses and other liabilities | 20 | 9 | — | |
| Liabilities | 1,510 | 1,458 | — | |
| Commitments and Contingencies | — | — | — | |
| Common shares | 13,000 | 6,000 | — | |
| Warrants | 1 | 1 | — | |
| Additional paid-in-capital | 177 | 124 | — | |
| Retained earnings (accumulated deficit) | −121 | −58 | — | |
| Accumulated other comprehensive income (loss) | 33 | 37 | — | |
| Total equity | 91 | 104 | 105 | |
| Total liabilities and equity | 1,601 | 1,562 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Net realized (gains) losses on investments | 3 | −226,000 | |
| Net realized (gains) losses on foreign currency | 5,000 | 5,000 | |
| Net change in unrealized (gains) losses on investments | −12 | 8 | |
| Net change in unrealized (gains) losses on foreign currency | −37,000 | 62,000 | |
| Change in fair value of debt obligation | −1 | 296,000 | |
| Payment in-kind interest | −5 | −3 | |
| Amortization of debt issuance costs | 504,000 | 359,000 | |
| Amortization of intangible assets | 4 | 2 | |
| Impairment of intangible assets | 11 | 2 | |
| Net amortization of premiums and accretion of discounts on investments | −287,000 | −625,000 | |
| Equity based compensation | 2 | 468,000 | |
| Increase (decrease) in estimated credit losses | 4 | 4 | |
| Gain on reverse acquisition of business | −4 | 0 | |
| Reinsurance recoverable | 6 | 17 | |
| Change in deferred acquisition costs | −3 | −2 | |
| Distributions from equity method investments | 1 | 2 | |
| Purchases of investments by consolidated VIEs | −92 | −118 | |
| Proceeds from sale of investments by consolidated VIEs | 96 | 116 | |
| Due to related parties | 1 | −2 | |
| Future policy benefits | −21 | −35 | |
| Interest sensitive contract liabilities | 16 | 15 | |
| Funds held under reinsurance contracts | −3 | 2 | |
| Accrued expenses and other liabilities | 4 | −25 | |
| Net cash used in operating activities | −22 | −38 | |
| Purchases of investments | −304 | −317 | |
| Proceeds received from reverse acquisition of business | 37 | 0 | |
| Proceeds from sales and repayments of investments | 318 | 291 | |
| Net cash provided by (used in) investing activities | 51 | −26 | |
| Shareholder dividends | −2 | −2 | |
| Repurchase of common shares | −1 | 0 | |
| Proceeds from borrowings of asset management business | 3 | 32 | |
| Repayments of borrowings of asset management business | −2 | −17 | |
| Financing costs paid and deferred | 0 | −270,000 | |
| Proceeds from borrowings of insurance business | 3 | 0 | |
| Deposits on investment-type policies and contracts | 43 | 73 | |
| Withdrawals on investment-type policies and contracts | −30 | −9 | |
| Net cash provided by (used in) financing activities | 13 | 76 | |
| Interest received | 79 | 91 | |
| Interest paid | 7 | 5 | |
| Dividends received | 1 | 2 | |
| Income taxes paid | 307,000 | 828,000 | |
| Cashless repayment on borrowings | 0 | 14 | |
| Restricted stock release (in shares) | 2 | 511,000 | |
| Issuance of common shares for investment purchases (in shares) | 53 | 0 | |
| Issuance of common shares for share based compensation | 45,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Mount Logan Capital Inc.'s CIK number?
Mount Logan Capital Inc.'s SEC CIK number is 0002051820 (2051820). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Mount Logan Capital Inc.'s SEC filings?
All of Mount Logan Capital Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Mount Logan Capital Inc. last report earnings?
Mount Logan Capital Inc. (MLCI) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-035188). This is Mount Logan Capital Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Mount Logan Capital Inc.'s most recent earnings 8-K?
Mount Logan Capital Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001628280-26-035188. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Mount Logan Capital Inc.'s latest earnings 8-K →
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