Mount Logan Capital Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 05:56 pm EDT
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Mount Logan Capital Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 5.75 million compared to USD 1.44 million a year ago. Net income was USD 8.89 million compared to net loss of USD 0.204 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the six months, negative revenue was USD 3.66 million compared to revenue of USD 3.11 million a year ago. Net loss was USD 7.49 million compared to net income of USD 0.065 million a year ago. Basic loss per share from continuing operations was USD 0.34. Diluted loss per share from continuing operations was USD 0.34.
Mount Logan Capital Inc. is a Canada-based alternative asset management and insurance solutions company. The Company's segments include asset management and insurance. The Company is focused on public and private debt securities in the North American market and the reinsurance of annuity products primarily through its wholly owned subsidiaries, Mount Logan Management LLC, and Ability Insurance Company. The Company also sources, evaluates, underwrites, manages, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. The Company's insurance business is operated by Ability Insurance Company.
MOUNT LOGAN CAPITAL INC. 
