AmTrust Financial (AFSI) Misses Q1 EPS by 28c

AmTrust Financial (NASDAQ: AFSI) reported Q1 EPS of $0.32, $0.28 worse than the analyst estimate of $0.60.

• First quarter gross written premium of $2.3 billion and net earned premium of $1.2 billion, up 17.2% and 13.8%, respectively, from the first quarter 2016(2)
• First quarter service and fee income of $137.5 million, up 6.7% from the first quarter 2016(2)
• First quarter net income attributable to common stockholders of $22.6 million, or $0.13 per diluted share, compared to $84.0 million, or $0.47 per diluted share, in the first quarter 2016(2)
• First quarter operating earnings(1) of $55.7 million, or $0.32 per diluted share, compared to $122.9 million, or $0.69 per diluted share, in the first quarter 2016(2)
• First quarter combined ratio of 95.6%, compared with 91.9%, in the first quarter 2016(2)
• First quarter catastrophe losses of $25.3 million (pre-tax), compared to $2.0 million (pre-tax) in the first quarter of 2016

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

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