Subsequent events

3 Months Ended

Mar. 31, 2026

Subsequent Events [Abstract]

Subsequent events

Note 27. Subsequent events

Management of the Company has evaluated subsequent events through the date these financial statements were issued. Based upon this evaluation, management has determined there were no items requiring adjustment of the financial statements. Management does note the following:

On April 7, 2026, the Company entered into a Third Amended and Restated Guaranty (the “Guaranty”) pursuant to which it assumed the obligations of Legacy Mount Logan, as guarantor under the MLC US Holdings Credit Facility. The Company absolutely, unconditionally and irrevocably guarantees the due and punctual payment of obligations of MLC US Holdings under the MLC US Holdings Credit Facility and the other loan documents, including, without limitation, principal, interest, applicable premiums, fees, costs and expenses, in each case as further described in the Guaranty. Under the Guaranty, the Company shall maintain a Net Worth (as defined in the Guaranty) equal to or greater than $40.0 million and shall not incur, guarantee or assume any other debt other than Permitted Debt (as defined in the Guaranty).

On April 27, 2026, a subsidiary of the Company issued an additional 5,597 Additional Initial Debentures at a price of $1,000 per Additional Initial Debenture for an aggregate purchase price of $5.6 million, the proceeds of which were used to repay $2.3 million in principal (plus accrued interest thereon) of Ability surplus notes held by Sentinel Security Life Insurance Company and $3.0 million in principal (plus accrued interest thereon) of Ability surplus notes held by Atlantic Coast Life Insurance Company.

On May 14, 2026, the Board declared a cash dividend in the amount of $0.03 per common share to be paid on June 10, 2026 to shareholders of record on May 26, 2026.