Business
Mount Logan Capital Inc. Announces Third Quarter 2025 Financial Results
Declared quarterly distribution of $0.03 per common share in the fourth quarter of 2025, the first shareholder distribution for Mount Logan as a US registrant
About this update from Mount Logan Capital Inc.
[{"type":"text","content":"Declared quarterly distribution of $0.03 per common share in the fourth quarter of 2025, the first shareholder distribution for Mount Logan as a US registrant Asset Management segment generated $9.2 million in Fee Related Earnings (“FRE”)1 for the trailing twelve months ended September 30, 2025 Generated $5.2 million of Spread Related Earnings (“SRE”)2 for the trailing twelve months ended September 30, 2025, which reflects 0.7% of spread earnings on Ability’s assets All amounts are stated in United States dollars, unless otherwise indicated NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (Nasdaq: MLCI) (“Mount Logan” or the “Company”) announced today its financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights Completion of business combination with 180 Degree Capital Corp Inc. (“TURN”) on September 12, 2025 (the “Business Combination”). The Company’s common stock, par value $0.01 per share began trading on the Nasdaq Capital Market on September 15, 2025 under the ticker symbol “MLCI.”3Fee-Related Earnings (“FRE”) for the Asset Management segment were $2.5 million for the quarter and $7.0 million for the nine months ended September 30, 2025. Mount Logan introduced a new recurring revenue stream from a profit-sharing agreement with Sierra Crest Investment Management4 during the third quarter, which management anticipates will continue to scale as BCIC continues to grow. FRE performance also benefited from continued expense discipline and efficiency initiatives at the advisor level, underscoring the stability and scalability of Mount Logan’s fee-based earnings model.Total revenue for the Asset Management segment including investment and other income was $9.1 million for the quarter, an increase of $5.1 million, or 127% compared to the third quarter of 2024. The increase was driven primarily by the $4.5 million gain recognized on the acquisition of TURN, with additional contributions from unrealized gains on investments during the period. Asset Management revenues exclude $1.6 million of intercompany management fees earned from managing the assets of Ability Insurance Company (\"Ability\"), which increased $0.1 million, or approximately 8%, from $1.5 million in the third quarter of 2024.Total net investment income for the Insurance Solutions segment was $17.0 million for t...