Atlas financial holdings, inc. (AFH)
Income statement / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Premiums Earned, Net

184,378

198,257

210,169

218,218

223,143

224,547

223,237

215,771

202,592

189,978

177,731

171,058

168,733

167,148

163,650

152,064

137,426

121,335

106,337

98,124

91,347

83,748

77,410

71,344

62,745

55,703

46,287

38,709

35,875

33,738

35,248

35,747

0

0

0

Underwriting loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net investment income

1,726

2,368

2,836

2,647

4,787

4,619

4,718

4,897

4,967

5,468

5,314

4,824

4,253

4,030

4,109

3,976

3,775

3,363

2,851

3,110

2,638

2,439

2,307

2,141

2,305

2,349

2,459

2,453

2,505

2,611

2,888

3,280

0

0

0

Loss from change in fair value of equity securities

-378

-377

-2

-198

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from change in fair value of equity securities

-378

-377

-2

-198

-97

-95

-128

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

1,163

806

360

573

373

901

1,031

872

1,630

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment gains

-

-

-

-

-

-

-

-

-

-

-

-

-

668

557

-

500

477

530

382

162

127

425

529

1,300

1,558

0

-

0

0

-

4,147

0

0

0

Available-for-sale Securities, Gross Realized Gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Other income

881

939

822

526

469

398

485

435

519

455

479

467

335

428

426

356

302

157

32

2

7

8

11

13

33

34

81

194

345

457

527

178

0

0

0

Total revenue

187,770

201,993

214,185

221,766

228,675

230,370

229,343

221,975

209,284

197,155

184,649

177,579

174,528

172,274

168,742

156,851

142,003

125,332

109,750

101,618

94,154

86,322

80,153

74,027

65,941

59,690

50,327

42,791

41,530

0

0

-

0

-

-

Net claims incurred

214,732

219,433

222,006

220,662

211,243

210,959

209,619

203,873

155,098

147,001

139,106

134,746

100,220

100,047

98,002

89,994

81,292

72,198

64,091

61,078

57,230

52,735

49,270

45,612

40,685

36,451

30,902

26,545

26,875

26,694

28,009

28,994

0

0

0

Acquisition costs

17,718

20,171

23,201

26,115

26,656

28,775

28,765

27,885

25,353

22,546

19,846

18,803

17,645

17,620

18,727

18,592

17,779

16,477

14,876

14,048

13,266

12,442

11,193

10,373

9,248

8,199

7,367

6,471

6,302

6,333

0

-

0

0

-

Acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other underwriting expenses

41,682

39,424

35,829

34,725

36,032

35,128

33,868

32,140

30,185

29,978

29,419

28,399

27,571

26,588

25,295

23,269

20,268

16,850

14,885

13,863

12,999

12,288

11,719

11,255

10,284

9,358

8,019

6,609

10,013

10,143

10,299

10,697

0

0

0

Amortization of intangible assets

391

390

391

390

390

390

390

390

390

390

390

390

607

510

412

315

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

0

-

1,884

-

0

-

2,027

1,840

1,649

1,439

1,061

1,026

1,003

1,012

918

694

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses recovered pursuant to stock purchase agreements

0

0

0

-520

-520

-520

-520

0

-1,895

-1,895

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses recovered pursuant to stock purchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-402

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses incurred related to acquisition of subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

999

1,672

1,672

1,444

694

0

0

0

406

406

406

406

0

0

0

0

-

-

-

-

Total expenses

279,153

284,037

286,037

285,967

275,643

276,576

274,149

266,128

208,675

195,459

183,927

177,067

144,770

145,396

143,201

134,805

122,400

108,320

96,247

89,683

83,624

77,594

72,311

67,775

60,623

54,414

46,694

39,625

38,543

0

0

-

0

-

-

(Loss) income from operations before income taxes

-91,383

-82,044

-71,852

-64,201

-46,968

-46,206

-44,806

-44,153

609

1,696

722

512

29,758

26,878

25,541

22,046

19,603

17,012

13,503

11,935

10,530

8,728

7,842

6,252

5,318

5,276

3,633

3,166

-2,265

-2,856

-2,793

-3,633

0

0

0

Income Tax Expense (Benefit)

11,533

13,025

14,528

15,811

-9,381

-8,139

-6,673

-5,343

-1,317

-1,601

-1,965

-2,134

9,218

8,810

8,437

7,616

48

-2,012

-4,144

-5,767

108

100

72

72

72

72

0

0

-1,163

-1,163

-1,163

-1,163

0

0

0

Net income including non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

0

0

-

-

0

0

-

-38,810

1,926

3,297

2,687

2,646

20,540

18,068

17,104

14,430

19,555

19,024

17,647

17,702

10,422

8,628

7,770

6,180

5,246

5,204

3,633

3,166

-1,102

-1,693

-1,630

-2,470

0

0

0

Add: Discount from preferred share buyback

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

Less: Preferred share dividends

-

-

-

-

-

-

-

-

-

-

198

281

314

322

324

276

220

163

106

94

93

164

366

619

803

910

887

810

805

0

0

-

0

-

-

Net (loss) income attributable to common shareholders

-

-

-86,380

-

-

-

-38,133

-38,810

1,879

3,177

2,489

2,365

20,226

17,746

16,780

14,154

19,335

18,861

17,541

17,608

10,329

10,264

9,204

7,361

6,243

4,294

2,746

2,356

2,183

0

0

-

0

-

-

Basic weighted average common shares outstanding (in shares)

11,954

11,954

11,958

11,956

11,936

11,936

12,140

12,122

12,045

12,045

12,045

12,045

12,045

12,045

12,045

12,034

12,008

12,008

11,850

11,843

11,808

10,597

9,498

8,635

8,217

8,131

7,044

6,144

6,144

6,144

6,144

-30,619

18,374

18,374

18,368

Earnings per common share basic (in dollars per share)

-0.19

-0.26

-0.07

-8.07

0.47

0.47

0.46

-4.51

0.43

0.46

0.40

-1.12

0.53

0.40

0.39

0.35

0.33

0.32

0.18

0.85

0.29

0.24

0.23

0.28

0.41

0.18

0.05

0.15

0.24

-0.01

0.00

-0.54

0.05

0.00

-0.05

Diluted weighted average common shares outstanding (in shares)

11,954

11,954

11,968

11,869

11,951

11,952

12,198

11,669

12,207

12,181

12,200

10,653

12,740

12,747

12,750

12,723

12,793

12,800

12,624

12,264

12,210

11,007

9,883

15,462

9,835

11,003

7,062

13,015

8,435

6,144

6,144

-30,659

18,415

18,374

18,368

Earnings per common share diluted (in dollars per share)

-0.19

-0.26

-0.07

-8.06

0.47

0.47

0.45

-4.49

0.42

0.45

0.40

-1.08

0.51

0.38

0.38

0.33

0.32

0.31

0.17

0.82

0.29

0.23

0.22

0.19

0.35

0.15

0.05

0.22

0.17

-0.01

0.00

-0.54

0.05

0.00

-0.05

Condensed Consolidated Statements of Comprehensive Income (Loss)
Net Income (Loss) Available to Common Stockholders, Basic

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

0

0

-

-

0

0

-

-38,810

1,926

3,297

2,687

2,646

20,540

18,068

17,104

14,430

19,555

19,024

17,647

17,702

10,422

8,628

7,770

6,180

5,246

5,204

3,633

3,166

-1,102

-1,693

-1,630

-2,470

0

0

0

Other comprehensive income (loss:)
Changes in net unrealized investment (losses) gains

3,173

3,061

1,703

-3,078

-4,797

-4,346

-2,680

437

-2,011

-2,724

-1,701

855

2,015

3,139

-597

-1,912

446

-882

2,351

2,029

1,194

2,193

-2,920

-4,354

-4,267

-3,551

1,107

1,446

1,979

941

663

154

0

0

0

Reclassification to net income

-2,010

-1,450

-445

-284

-325

-400

-198

49

142

93

-345

-394

-357

-256

-157

-203

-284

-340

-225

-257

58

147

276

469

0

0

0

-

-

-

-

-

-

-

-

Reclassification to income of net gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Effect of income taxes

802

733

549

0

-1,031

-892

-504

136

-754

-986

-475

437

835

1,187

-137

-597

248

-184

876

777

386

693

-1,089

-1,642

-1,634

-1,499

42

170

0

0

0

-

-

-

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,353

-2,107

-3,181

-3,176

-2,919

79

328

0

0

0

-

-

-

-

Other comprehensive income (loss)

4,381

3,778

1,599

-2,794

-3,441

-3,054

-1,978

252

-1,399

-1,831

-881

812

1,537

2,208

-303

-1,112

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification to income of net gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Effect of income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other comprehensive income/(loss) for the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Total comprehensive (loss) income

-98,535

-91,291

-84,781

-82,806

-41,028

-41,121

-40,111

-38,558

527

1,466

1,806

3,458

22,077

20,276

16,801

13,318

20,037

18,666

19,347

19,211

11,172

9,981

5,663

2,999

2,070

2,285

3,712

3,494

152

-2,109

-2,308

-4,101

0

0

0