Competitive advantage assessment
The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.
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The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Maiden Holdings, Ltd. ranks #131 of 131 scored companies in Financials: Insurance by moat score — the top 100%. The widest moat in the group is Marsh & McLennan Companies, Inc (MMC) at 83/100.
| # | Company | Moat score | Rating |
|---|---|---|---|
| 123 | Oxbridge Re Holdings Limited OXBRW | 11/100 | Weak |
| 124 | Ambac Financial Group, Inc. AMBC | 0/100 | Weak |
| 125 | Conifer Holdings, Inc. CNFR | 0/100 | Weak |
| 126 | Enstar Group Limited ESGR | 0/100 | Weak |
| 127 | Enstar Group Limited - Deposito ESGRO | 0/100 | Weak |
| 128 | Enstar Group Limited - Deposita ESGRP | 0/100 | Weak |
| 129 | Fundamental Global Inc. FGF | 0/100 | Weak |
| 130 | Fundamental Global Inc. - 8.00% FGFPP | 0/100 | Weak |
| 131 | Maiden Holdings, Ltd. MHLD | 0/100 | Weak |
See every Insurance & Reinsurance company ranked by moat score →
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
How each Insurance & Reinsurance defense is measured, in full →
Maiden Holdings, Ltd. (MHLD) scores 0 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #131 of 131 scored companies in Financials: Insurance, the top 100%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 136 companies in Financials: Insurance.
Maiden Holdings, Ltd. ranks #131 of 131 scored companies in Financials: Insurance by moat score. The widest moat in Financials: Insurance is Marsh & McLennan Companies, Inc (MMC) at 83/100. The companies ranked closest are Fundamental Global Inc. - 8.00% (FGFPP) at 0 just above it.
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 136 companies in Financials: Insurance. The defenses are then weighted to produce the overall score out of 100.
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
The Insurance & Reinsurance template measures 6 defenses, and MHLD scores: Underwriting Discipline (not measurable), Float Investment Quality (not measurable), Pricing Power (not measurable), Capital Strength & Solvency (not measurable), Operational Efficiency (not measurable), Scale & Diversification (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.