Mount Logan Capital Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023
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Mount Logan Capital Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 12.66 million compared to negative revenue of USD 18.93 million a year ago. Net loss was USD 0.655 million compared to net income of USD 6.09 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.27 a year ago.
For the six months, revenue was USD 24.78 million compared to negative revenue of USD 31.2 million a year ago. Net loss was USD 30.11 million compared to net income of USD 29.02 million a year ago. Basic loss per share from continuing operations was USD 1.36 compared to basic earnings per share from continuing operations of USD 1.31 a year ago. Diluted loss per share from continuing operations was USD 1.36 compared to diluted earnings per share from continuing operations of USD 1.3 a year ago.
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. 
