Mount Logan Capital Inc (TSE:MLC) has released an update.
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Mount Logan Capital Inc. reported strong first quarter financial results for 2024, with a noticeable increase in total assets managed to $617 million and a growth in management fees leading to a record $1.6 million in Fee Related Earnings, up 15% from the previous year. The company also declared a consistent shareholder distribution of C$0.02 per common share, marking the nineteenth consecutive quarter of payouts. The insurance segment showed robust performance with $9.5 million in Spread Related Earnings over the trailing twelve months and a 7.8% rise in net investment income.
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