Earnings per Common Share
The following is a summary of the elements used in calculating basic and diluted earnings per common share:
For the Year Ended December 31,20242023
Numerator:
Net loss attributable to Maiden common shareholders
$(200,969)$(38,569)
Denominator:
Weighted average number of common shares – basic and diluted(1)
99,902,695 101,382,606 
Basic and diluted loss per share attributable to common shareholders$(2.01)$(0.38)
(1)Please refer to "Note 6 — Shareholders' Equity" and "Note 14 — Share Compensation and Pension Plans" in the Notes to Consolidated Financial Statements for the terms and conditions of securities that could potentially be dilutive in the future. For the years ended December 31, 2024 and 2023, there were no potentially dilutive securities.

Historical Timeline

Fiscal YearFiled
2024Mar 10, 2025Showing above
2023Mar 12, 2024
2021Mar 14, 2022
2018Mar 15, 2019

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.