Mount Logan Capital Inc. Announces Fourth Quarter and Full Year 2022 Financial Results
Retrieved on:
Wednesday, March 22, 2023
TORONTO, March 22, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the fourth quarter and full year ended December 31, 2022. All amounts are stated in United States dollars, unless otherwise indicated.
Key Points:
- Invested an additional $4.0 million into OCIF through the Company’s wholly-owned subsidiary Mount Logan Management LLC (“ML Management”).
- Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan stated, “We are excited about the progress made in 2022 as our strategic positioning of Mount Logan across the asset management and insurance solutions verticals produces results.
- Basic Earnings per share (“EPS”) was $0.82 for fiscal 2022, a decrease of $0.73 from $1.55 for fiscal 2021.
- Adjusted basic EPS was $0.57 for fiscal 2022, a decrease of $1.20 from $1.77 for fiscal 2021.