Mount Logan Capital Inc. (E:MLC)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 365 Bay St Suite 800 TORONTO ON M5H 2V1 |
| Tel: | N/A |
| Website: | https://www.mountlogancapital.ca |
| IR: | See website |
| Key People | ||
| Edward Goldthorpe Chairman of the Board, Chief Executive Officer | Matthias Ederer Co-President | Henry Han-Wei Wang Co-President | Jason T. Roos Chief Financial Officer, Company Secretary |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Mount Logan Capital Inc revenues decreased 74% to $76.2M. Net loss totaled $16.5M vs. income of $48.3M. Revenues reflect decrease in net premium earned. Net loss reflects General, administrative and other increase of 74% to $13.1M (expense), Transaction costs increase from $185K to $3.7M (expense). Dividend per share remained flat at $0.06. |
| Employees: | 21 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $32.28M as of Dec 31, 2023 |
| Annual revenue (TTM): | $104.92M as of Dec 31, 2023 |
| EBITDA (TTM): | -$44.88M as of Dec 31, 2023 |
| Net annual income (TTM): | -$22.65M as of Dec 31, 2023 |
| Free cash flow (TTM): | $138.38M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 25,733,735 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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