Atlas financial holdings, inc. (AFHBL)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Premiums Earned, Net

218,218

215,771

171,058

152,064

98,124

71,344

38,709

35,747

Net investment income

2,647

4,897

4,824

3,976

3,110

2,141

2,453

3,280

Loss from change in fair value of equity securities

-198

0

0

-

-

-

-

-

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

-198

0

0

-

-

-

-

-

Gain (Loss) on Disposition of Assets

573

872

1,230

455

-

-

-

-

Net realized investment gains

-

-

-

-

382

529

1,435

4,147

Other income

526

435

467

356

2

13

194

178

Total revenue

221,766

221,975

177,579

156,851

101,618

74,027

42,791

43,352

Net claims incurred

220,662

203,873

134,746

89,994

61,078

45,612

26,545

28,994

Acquisition costs

26,115

27,885

18,803

18,592

14,048

10,373

6,471

7,294

Other underwriting expenses

34,725

32,140

28,399

23,269

13,863

11,255

6,609

10,697

Amortization of intangible assets

390

390

390

315

0

0

-

-

Goodwill, Impairment Loss

2,700

0

0

-

-

-

-

-

Interest expense

1,869

1,840

1,026

694

0

129

-

-

Expenses recovered pursuant to stock purchase agreements

-520

0

-6,297

942

-

-

-

-

Expenses recovered pursuant to stock purchase agreements

-

-

-

-

0

0

-

-

Expenses incurred related to acquisition of subsidiaries

-

-

-

999

694

406

0

-

Total expenses

285,967

266,128

177,067

134,805

89,683

67,775

39,625

46,985

(Loss) income from operations before income taxes

-64,201

-44,153

512

22,046

11,935

6,252

3,166

-3,633

Income Tax Expense (Benefit)

15,811

-5,343

-2,134

7,616

-5,767

72

0

-1,163

Net Income (Loss) Attributable to Parent

-80,012

-38,810

2,646

14,430

17,702

6,180

3,166

-2,470

Add: Discount from preferred share buyback

-

-

-

-

-

1,800

0

-

Less: Preferred share dividends

0

0

281

276

94

619

810

810

Net (loss) income attributable to common shareholders

-80,012

-38,810

2,365

14,154

17,608

7,361

2,356

-3,280

Basic weighted average common shares outstanding (in shares)

11,992

12,064

12,045

11,975

10,937

8,007

6,144

6,124

Earnings per common share basic (in dollars per share)

-6.67

-3.22

0.20

1.18

1.61

0.92

0.38

-0.54

Diluted weighted average common shares outstanding (in shares)

11,992

12,064

12,222

12,735

11,341

10,840

8,434

6,124

Earnings per common share diluted (in dollars per share)

-6.67

-3.22

0.19

1.13

1.56

0.74

0.38

-0.54

Condensed Consolidated Statements of Comprehensive Income (Loss)
Net (loss) income

-80,012

-38,810

2,646

14,430

17,702

6,180

3,166

-2,470

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

-3,078

437

855

-1,912

2,029

-4,354

1,446

154

Reclassification to net income

-284

49

-394

-203

-257

469

948

-

Reclassification to income of net gains

-

-

-

-

-

-

-

-3,469

Other Comprehensive Income (Loss), Finalization of Pension and Non-Pension Postretirement Plan Valuation, before Tax

-

-

-

-

-

-

-

2,473

Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax

-

-

-

-

-

-

-

0

Effect of income taxes

0

136

437

-597

777

-1,642

170

789

Other comprehensive income (loss)

-

-

-

-

1,509

-3,181

328

-1,631

Other comprehensive income (loss)

-2,794

252

812

-1,112

-

-

-

-

Total comprehensive (loss) income

-82,806

-38,558

3,458

13,318

19,211

2,999

3,494

-4,101