Business combinations (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Hypothetical Number of Shares

The table below summarizes the hypothetical number of shares as of September 12, 2025 that Legacy Mount Logan would have to issue to give TURN owners the same percentage ownerships in the combined company.


	Hypothetical Legacy Mount Logan Ownership
	Number of Legacy Mount Logan shares outstanding	Percentage Ownership
Legacy Mount Logan shareholders	30,960,503	56	%
TURN shareholders	23,886,447	44	%
Total	54,846,950	100	%

Schedule of Purchase Price

The purchase price is calculated based on the number of hypothetical shares of Legacy Mount Logan common stock issued to TURN shareholders multiplied by the share price as demonstrated in the table below (dollars in thousands except for the market price per share).


Number of hypothetical Legacy Mount Logan shares issued to TURN shareholders	23,886,447
Legacy Mount Logan market price per share as of September 12, 2025	$	1.95
Purchase price determination of hypothetical Legacy Mount Logan shares issued to TURN shareholders	$	46,579
Other deal adjustments for expenses incurred	233
Purchase price consideration	$	46,812

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

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