Mount Logan Capital Reports Q3 2026 Results; Year-to-Date Segment Income Rises 21%

Mount Logan Capital reported a third-quarter 2026 net loss of $3.7 million, or $0.33 per share, compared with a net loss of $13.4 million a year earlier. For the first nine months of 2026, Segment Income was $11.5 million, up 21% year over year. The company also completed two strategic transactions and launched Ability Insurance’s initial MYGA products.

Financial Highlights

• Total revenue was $12.9 million for the quarter, up 12% from $11.4 million in the third quarter of 2025. Revenue for the first nine months was $32.2 million, down 26% year over year.
• Net loss was $3.7 million, compared with a $13.4 million loss in the prior-year quarter. The company attributed the narrower loss primarily to TURN merger expenses in the 2025 quarter that did not recur.
• Basic and diluted loss per share was $0.33, compared with a loss per share of $1.64 in the third quarter of 2025.
• Asset Management Fee-Related Earnings were $0.5 million for the quarter, compared with $2.7 million a year earlier. Insurance Solutions Spread-Related Earnings were $2.7 million, up from $1.5 million.
• Year-to-date Segment Income was $11.5 million, compared with $9.5 million in the first nine months of 2025. Total capital was $173.1 million at September 30, 2026.

Business Highlights

• Mount Logan completed SOFIX’s acquisition of assets from the Yieldstreet Alternative Income Fund and the merger of the Alternative Credit Income Fund with BC Partners Lending Corporation.
• Ability Insurance received a B+ Financial Strength Rating from AM Best and launched its initial suite of multi-year guaranteed annuity products under the ReliAbility brand.
• After quarter end, Mount Logan agreed to become investment adviser to the AFA Asset Based Lending Fund, subject to shareholder and regulatory approvals. The fund is expected to be renamed the Mount Logan Asset Based Lending Fund upon closing.
• Mount Logan reported $1.8 billion in total assets under management as of September 30, including Ability’s assets managed by the company. Ability’s total assets managed by Mount Logan, including Modco assets, were $863 million.
• BC Partners announced a plan to purchase up to $1.5 million of Mount Logan common stock in the open market over 12 months. Mount Logan also declared a quarterly distribution of $0.03 per share, payable November 30, 2026.

Original SEC Filing: Mount Logan Capital Inc. [ MLCI ] - 8-K - Nov. 05, 2026