AmTrust Financial Services, Inc. (AFSI) presently reported ongoing progress of operating earnings and robust operating return on equity for the first quarter of 2016.
For the initial quarter 2016, operating profits have been $136.6 million, or $0.77 per diluted paper, when compared with $121.4 million, or $0.73 per diluted paper, within the first quarter of 2015. First quarter 2016 net income attributable to common stockholders was $100.3 million, or $0.56 per diluted paper, compared to $154.7 million, or $0.93 per diluted stock, in the 1st quarter 2015. First quarter 2016 annualized operating return on common equity had been 22.1% in comparison with 26.1% in the initial quarter 2015. Annualized return on common equity was 16.2% for the first quarter of 2016 in comparison with 33.3% for the 1st quarter of 2015.
1st Quarter 2016 Final results
Total revenue had been $1.28 billion, an increase of $0.16 billion, or maybe 15%, from $1.11 billion inside the first quarter 2015. Gross written premium has been $1.93 billion, an improvement of $0.20 billion, or 12%, from $1.73 billion within the first quarter of 2015. Net written premium was $1.22 billion, an expansion of $0.18 billion, or 17%, as compared to $1.04 billion in the initial quarter 2015. Net earned premium was $1.07 billion, an increase of $0.12 billion, or 13%, from $0.95 billion within the first quarter 2015. The combined percentage was 91.2% as compared with 89.0% in first quarter 2015.
A summary of Q1 results shows up beneath along with a link to the gains release.
Financial Highlights
1st Quarter 2016
• Gross written premium of $1.93 billion, upward 12% in comparison with $1.73 billion within the first quarter 2015
• Net earned premium of $1.07 billion, upwards 13% from $0.95 billion in the initial quarter 2015
• Operating diluted EPS of $0.77 when compared to $0.73 in the first quarter 2015
• Diluted EPS of $0.56 as compared to $0.93 within the 1st quarter 2015
• Annualized operating return on common equity of 22.1% in addition to annualized return on common equity of 16.2%
• Service and fee income of $144.2 million, up 28% from $112.9 million within the very first quarter 2015
• Operating income of $136.6 million as compared to $121.4 million inside the first quarter 2015
• Net income attributable to common stockholders of $100.3 million as compared to $154.7 million inside the 1st quarter 2015
• Combined ratio of 91.2% in comparison to 89.0% within the first quarter 2015
• Weighted average diluted stocks outstanding of 177.9 million, up 7% as compared to 166.9 million in the first quarter 2015
• Book value per common share of $14.35, up 20% from $12.00 at March 31, 2015
• AmTrust’s stockholders’ equity was $3.14 billion as of March 31, 2016, way up 8% compared to $2.91 billion as of December 31, 2015
Article Resource:-https://warrantech.com/blog/may-2016/amtrust-announces-continued-growth-of-operated-ear/
For the initial quarter 2016, operating profits have been $136.6 million, or $0.77 per diluted paper, when compared with $121.4 million, or $0.73 per diluted paper, within the first quarter of 2015. First quarter 2016 net income attributable to common stockholders was $100.3 million, or $0.56 per diluted paper, compared to $154.7 million, or $0.93 per diluted stock, in the 1st quarter 2015. First quarter 2016 annualized operating return on common equity had been 22.1% in comparison with 26.1% in the initial quarter 2015. Annualized return on common equity was 16.2% for the first quarter of 2016 in comparison with 33.3% for the 1st quarter of 2015.
1st Quarter 2016 Final results
Total revenue had been $1.28 billion, an increase of $0.16 billion, or maybe 15%, from $1.11 billion inside the first quarter 2015. Gross written premium has been $1.93 billion, an improvement of $0.20 billion, or 12%, from $1.73 billion within the first quarter of 2015. Net written premium was $1.22 billion, an expansion of $0.18 billion, or 17%, as compared to $1.04 billion in the initial quarter 2015. Net earned premium was $1.07 billion, an increase of $0.12 billion, or 13%, from $0.95 billion within the first quarter 2015. The combined percentage was 91.2% as compared with 89.0% in first quarter 2015.
A summary of Q1 results shows up beneath along with a link to the gains release.
Financial Highlights
1st Quarter 2016
• Gross written premium of $1.93 billion, upward 12% in comparison with $1.73 billion within the first quarter 2015
• Net earned premium of $1.07 billion, upwards 13% from $0.95 billion in the initial quarter 2015
• Operating diluted EPS of $0.77 when compared to $0.73 in the first quarter 2015
• Diluted EPS of $0.56 as compared to $0.93 within the 1st quarter 2015
• Annualized operating return on common equity of 22.1% in addition to annualized return on common equity of 16.2%
• Service and fee income of $144.2 million, up 28% from $112.9 million within the very first quarter 2015
• Operating income of $136.6 million as compared to $121.4 million inside the first quarter 2015
• Net income attributable to common stockholders of $100.3 million as compared to $154.7 million inside the 1st quarter 2015
• Combined ratio of 91.2% in comparison to 89.0% within the first quarter 2015
• Weighted average diluted stocks outstanding of 177.9 million, up 7% as compared to 166.9 million in the first quarter 2015
• Book value per common share of $14.35, up 20% from $12.00 at March 31, 2015
• AmTrust’s stockholders’ equity was $3.14 billion as of March 31, 2016, way up 8% compared to $2.91 billion as of December 31, 2015
Article Resource:-https://warrantech.com/blog/may-2016/amtrust-announces-continued-growth-of-operated-ear/