Atlas Financial Holdings (AFH) Reports In-Line Q2 EPS

Atlas Financial Holdings (NASDAQ: AFH) reported Q2 EPS of $0.31, in-line with the analyst estimate of $0.31. Revenue for the quarter came in at $39.66 million versus the consensus estimate of $38.64 million.

Outlook

Mr. Wollney continued, “We are continuing to gain market share in the target areas in which we specialize. Deploying our hyper-focused model and strong value proposition, organic growth was achieved in mature states like Illinois, developing states like California and through acquisition in the largest geographic market in our niche, New York. Success in our specialized sector requires a unique understanding of the risks involved and a commitment to efficiently manage the highly transactional nature of our business. This is true across all aspects of our organization, including underwriting, claims and customer service. Numerous competitors, with a more general focus, have been unable or unwilling to replicate this model. We believe this will continue to create opportunity for Atlas to grow in a managed way, always focusing on underwriting profit and above average return on equity though the delivery of our customer centric business model as our guiding priorities.”

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

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