This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AmTrust Financial Services, Inc. Reports Strong Profit Growth For Second Quarter 2014 With Operating Earnings(1) Per Diluted Share Rising 78.7% To $1.34 And Net Income Of $1.33 Per Diluted Share

Book Value Per Common Share of $21.13, Up 19.1% Since December 31, 2013

Financial Highlights

Second Quarter 2014

  • Gross written premium of $1.44 billion, up 38.7%, and net earned premium of $874.9 million, up 63.1% from the second quarter 2013
  • Operating diluted EPS (1) of $1.34 ($(0.03) attributable to loss on life settlements) compared to $0.75 ($0.01 attributable to gain on life settlements) in the second quarter 2013
  • Annualized operating return on common equity (1) of 28.0% and annualized return on common equity of 27.8%
  • Service and fee income of $99.5 million, up 13.0% from the second quarter 2013
  • Operating earnings (1) of $107.1 million compared to $57.4 million from the second quarter 2013
  • Net income attributable to common stockholders of $106.3 million compared to $71.4 (3) million in the second quarter 2013
  • Diluted EPS of $1.33 compared with $0.93 in the second quarter 2013
  • Combined ratio of 90.9% compared to 92.1% in the second quarter 2013

YTD 2014

  • Gross written premium of $3.11 billion, up 56.7%, and net earned premium of $1.70 billion, up 80.4% over YTD 2013
  • Operating diluted EPS (1) of $2.58 ($(0.02) attributable to loss on life settlements) compared to $1.49 ($0.00 attributable to loss on life settlements) in YTD 2013
  • Annualized operating return on common equity (1) of 28.0% and annualized return on common equity of 28.2%
  • Service and fee income of $190.5 million, up 28.2% from YTD 2013
  • Operating earnings (1) of $204.5 million compared to $114.5 million from YTD 2013
  • Net income attributable to common stockholders of $206.1 million compared to $155.3 (3) million in YTD 2013
  • Diluted EPS of $2.60 compared with $2.02 in YTD 2013
  • Combined ratio of 90.4% compared to 91.8% in YTD 2013
  • Book value per common share of $21.13, up from $17.85 at December 31, 2013
  • AmTrust's stockholders' equity was $1.71 billion as of June 30, 2014

NEW YORK, Aug. 7, 2014 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company") today announced strong profit growth for the second quarter ended June 30, 2014.

1 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs