Atlas Financial Holdings (AFH) Tops Q1 EPS by 1c

Atlas Financial Holdings (NASDAQ: AFH) reported Q1 EPS of $0.45, $0.01 better than the analyst estimate of $0.44. Revenue for the quarter came in at $57.2 million versus the consensus estimate of $59.83 million.

• Gross premiums written decreased by 3.0% to $95.6 million
• In-force premium increased 7.4% to $274.6 million
• Total revenue increased by 14.8% to $57.2 million
• Underwriting income for the first quarter 2018 was $6.0 million, compared to $6.3 million
• The combined ratio for the first quarter 2018 was 89.3%, compared to 86.9%
• Net income for the first quarter 2018 was $5.5 million, or $0.45 earnings per common share diluted, compared to $4.9 million, or $0.40 earnings per common share diluted, representing an increase in earnings per common share diluted of $0.05
• Annualized return on equity was 24.3% in the first quarter 2018 compared to 14.9%

For earnings history and earnings-related data on Atlas Financial Holdings (AFH) click here.

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