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AmTrust Financial Services, Inc. (AFSI) Tops Q2 EPS by 33c

August 7, 2014 8:24 AM EDT

AmTrust Financial Services, Inc. (NASDAQ: AFSI) reported Q2 EPS of $1.33, $0.33 better than the analyst estimate of $1.00.

  • 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

For earnings history and earnings-related data on AmTrust Financial Services, Inc. (AFSI) click here.



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