AmTrust Financial Services, Inc. Reports Third Quarter 2016 Net Income Per Diluted Share(2) Of $0.60 And Operating Earnings Per Diluted Share(1)(2) Of $0.73  

Book Value Per Common Share (2) of $15.30, Up 18.5% Since September 30, 2015 Annualized Return on Common Equity of 15.9% and Annualized Operating Return on Common Equity (1) of 19.4%

Financial Highlights

Third Quarter 2016

•         Gross written premium of $2.03 billion, up 14.2% compared to $1.78 billion in the third quarter 2015•         Net earned premium of $1.20 billion, up 14.4% from $1.05 billion in the third quarter 2015 •         Net income attributable to common stockholders of $103.6 million compared to $182.7 million in the third quarter 2015•         Operating earnings (1) of $126.3 million compared to $150.9 million in the third quarter 2015•         Diluted EPS (2) of $0.60 compared to $1.09 in the third quarter 2015•         Operating diluted EPS (1)(2) of $0.73 compared to $0.89 in the third quarter 2015•         Service and fee income of $146.6 million, up 16% from $126.1 million in the third quarter 2015•         Combined ratio of 91.5% compared to 92.6% in the third quarter 2015•         Weighted average diluted shares outstanding (2) of 173.1 million, up 3% compared to 168.3 million in the third quarter 2015

NEW YORK, Nov. 03, 2016 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company" or "AmTrust") today announced third quarter 2016 net income attributable to common stockholders of $103.6 million, or $0.60 per diluted share (2), compared to $182.7 million, or $1.09 per diluted share (2) in the third quarter 2015. For the third quarter 2016, operating earnings (1) was $126.3 million, or $0.73 per diluted share (2), compared to $150.9 million, or $0.89 per diluted share (2), in the third quarter 2015. Annualized return on common equity was 15.9% for the third quarter 2016 compared to 35.4% for the third quarter 2015. Third quarter 2016 annualized operating return on common equity (1) was 19.4% compared to 29.2% in the third quarter 2015.

If you liked this article you might like

Mosaic, UBS, Manitowoc, Amtrust Financial Services: 'Mad Money' Lightning Round

Politics, Doubts Confound Jittery Stocks: Cramer's 'Mad Money' Recap (Thursday 4/13/17)

AmTrust Stock Tanks After Whistleblower Details Secret Recording in SEC Investigation

Whistleblower Says FBI Mole Secretly Recorded AmTrust Employees

Trade These 4 Breakout Stocks