Mount Logan Capital Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 10, 2026
MLCI$3.55-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
| (in thousands, except per share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Asset Management | ||
| Cash and cash equivalents | $3,065 | $14,999 |
| Investments (including related party amounts of $10,219 and $25,423 at September 30, 2026 and December 31, 2025, respectively) | 10,775 | 29,298 |
| Intangible assets | 24,360 | 10,961 |
| Other assets (including related party amounts of $1,852 and $5,245 at September 30, 2026 and December 31, 2025, respectively) | 9,968 | 11,165 |
| 48,168 | 66,423 | |
| Insurance Solutions | ||
| Cash and cash equivalents | 40,546 | 88,723 |
| Restricted cash | 19,241 | 9,973 |
| Investments (including related party amounts of $16,009 and $20,867 at September 30, 2026 and December 31, 2025, respectively) | 862,638 | 956,808 |
| Derivatives | — | 481 |
| Assets of consolidated variable interest entities | ||
| Cash and cash equivalents | 16,731 | 30,030 |
| Investments | 128,681 | 120,680 |
| Other assets | 1,100 | 955 |
| Reinsurance recoverable | 236,875 | 272,918 |
| Intangible assets | 2,444 | 2,444 |
| Deferred acquisition costs | 4,119 | 6,791 |
| Goodwill | 30,193 | 30,193 |
| Other assets | 19,020 | 14,299 |
| 1,361,588 | 1,534,295 | |
| Total assets | $1,409,756 | $1,600,718 |
| LIABILITIES | ||
| Asset Management | ||
| Due to related parties | $14,285 | $11,844 |
| Debt obligations | 98,392 | 76,250 |
| Accrued expenses and other liabilities | 4,853 | 9,515 |
| 117,530 | 97,609 | |
| Insurance Solutions | ||
| Future policy benefits | 698,909 | 781,881 |
| Interest sensitive contract liabilities | 281,283 | 363,981 |
| Funds held under reinsurance contracts | 222,028 | 237,143 |
| Debt obligations | 12,000 | 17,250 |
| Derivatives | 11,596 | 1,388 |
| Accrued expenses and other liabilities | 3,738 | 10,510 |
| 1,229,554 | 1,412,153 | |
| Total liabilities | $1,347,084 | $1,509,762 |
| Commitments and Contingencies (See Note 24) | ||
| EQUITY | ||
| Common shares, $0.001 par value, 150,000,000 shares authorized, 11,490,883 and 12,786,770 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | $11 | $13 |
| Warrants | 1,426 | 1,426 |
| Additional paid-in-capital | 163,039 | 177,099 |
| Retained earnings (accumulated deficit) | (135,625) | (120,746) |
| Accumulated other comprehensive income (loss) | 33,821 | 33,164 |
| Total equity | 62,672 | 90,956 |
| Total liabilities and equity | $1,409,756 | $1,600,718 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.