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The latest announcement is out from Mount Logan Capital ( (TSE:MLC) ).
Mount Logan Capital Inc. reported significant financial growth for the fiscal year 2024, with its insurance segment generating $15.3 million in spread-related earnings and its asset management segment achieving $7.5 million in fee-related earnings, marking a 36% increase from the previous year. The company also completed a corporate credit facility amendment to support business initiatives and announced a merger with 180 Degree Capital Corp., as well as a minority investment in Runway Growth Capital LLC, positioning itself for further expansion and enhanced market presence.
More about Mount Logan Capital
Mount Logan Capital Inc. operates in the financial services industry, focusing on asset management and insurance segments. The company provides fee-related earnings through asset management and spread-related earnings through its insurance operations, with a market focus on opportunistic credit and private credit asset management.
YTD Price Performance: -8.28%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $6.59M
See more data about MLC stock on TipRanks’ Stock Analysis page.