Atlas financial holdings, inc. (AFHBL)
Income statement / Quarterly
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

40,582

43,447

47,843

52,506

54,461

55,359

55,892

57,431

55,865

54,049

48,426

44,252

43,251

41,802

41,753

41,927

41,666

38,304

30,167

27,289

25,575

23,306

21,954

20,512

17,976

16,968

15,888

11,913

10,934

7,552

8,310

9,079

8,797

9,062

8,809

Underwriting loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,278

-1,906

Net investment income

428

699

1,153

-554

1,070

1,167

964

1,586

902

1,266

1,143

1,656

1,403

1,112

653

1,085

1,180

1,191

520

884

768

679

779

412

569

547

613

576

613

657

607

628

719

934

999

Loss from change in fair value of equity securities

-3

-342

68

-101

-2

33

-128

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-3

-342

68

-101

-2

33

-128

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

411

600

80

72

54

154

293

-128

582

284

134

-

630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment gains

-

-

-

-

-

-

-

-

-

-

-

-

-

155

239

-

91

44

137

228

68

97

-11

8

33

395

93

-

779

291

-

1,334

1,962

417

434

Available-for-sale Securities, Gross Realized Gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

291

28

-

-

-

-

Other income

128

133

460

160

186

16

164

103

115

103

114

187

51

127

102

55

144

125

32

1

-1

0

2

6

0

3

4

26

1

50

117

177

113

120

-232

Total revenue

41,546

44,537

49,604

52,083

55,769

56,729

57,185

58,992

57,464

55,702

49,817

46,301

45,335

43,196

42,747

43,250

43,081

39,664

30,856

28,402

26,410

24,082

22,724

20,938

18,578

17,913

16,598

12,852

12,327

8,550

9,062

-

11,591

-

-

Net claims incurred

28,841

31,236

36,390

118,265

33,542

33,809

35,046

108,846

33,258

32,469

29,300

60,071

25,161

24,574

24,940

25,545

24,988

22,529

16,932

16,843

15,894

14,422

13,919

12,995

11,399

10,957

10,261

8,068

7,165

5,408

5,904

8,398

6,984

6,723

6,889

Acquisition costs

3,248

3,650

3,062

7,758

5,701

6,680

5,976

8,299

7,820

6,670

5,096

5,767

5,013

3,970

4,053

4,609

4,988

5,077

3,918

3,796

3,686

3,476

3,090

3,014

2,862

2,227

2,270

1,889

1,813

1,395

1,374

-

1,720

1,844

-

Acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,779

Other underwriting expenses

11,099

12,197

10,423

7,963

8,841

8,602

9,319

9,270

7,937

7,342

7,591

7,315

7,730

6,783

6,571

6,487

6,747

5,490

4,545

3,486

3,329

3,525

3,523

2,622

2,618

2,956

3,059

1,651

1,692

1,617

1,649

5,055

1,822

1,773

2,047

Amortization of intangible assets

98

97

98

98

97

98

97

98

97

98

97

98

97

98

97

315

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

470

-

-

-

461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

476

-

470

-

465

-

455

461

467

644

268

270

257

266

233

247

266

172

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses recovered pursuant to stock purchase agreements

0

0

0

0

0

0

-520

0

0

0

0

-

-1,895

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses recovered pursuant to stock purchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-402

-

0

0

942

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses incurred related to acquisition of subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

0

228

750

694

0

0

0

0

0

0

406

0

0

0

0

-

-

-

-

Total expenses

43,762

47,650

50,443

137,298

48,646

49,650

50,373

126,974

49,579

47,223

42,352

69,521

36,363

35,691

35,492

37,224

36,989

33,496

27,096

24,819

22,909

21,423

20,532

18,760

16,879

16,140

15,996

11,608

10,670

8,420

8,927

-

10,526

-

-

(Loss) income from operations before income taxes

-2,216

-3,113

-839

-85,215

7,123

7,079

6,812

-67,982

7,885

8,479

7,465

-23,220

8,972

7,505

7,255

6,026

6,092

6,168

3,760

3,583

3,501

2,659

2,192

2,178

1,699

1,773

602

1,244

1,657

130

135

-4,187

1,066

193

-705

Income Tax Expense (Benefit)

26

0

0

11,507

1,518

1,503

1,283

-13,685

2,760

2,969

2,613

-9,659

2,476

2,605

2,444

1,693

2,068

2,232

1,623

-5,875

8

100

0

0

0

72

0

0

0

0

0

-1,163

0

0

0

Net income including non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,493

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-2,242

-3,113

-

-

5,605

5,576

-

-54,297

5,125

5,510

4,852

-13,561

6,496

4,900

4,811

4,333

4,024

3,936

2,137

9,458

3,493

2,559

2,192

2,178

1,699

1,701

602

1,244

1,657

130

135

-3,024

1,066

193

-705

Add: Discount from preferred share buyback

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

-

-

-

0

-

-

-

-

-

-

Less: Preferred share dividends

-

-

-

-

-

-

-

-

-

-

0

47

73

78

83

80

81

80

35

24

24

23

23

23

95

225

276

207

202

202

199

-

202

-

-

Net (loss) income attributable to common shareholders

-

-

-839

-

-

-

5,529

-54,297

5,125

5,510

4,852

-13,608

6,423

4,822

4,728

4,253

3,943

3,856

2,102

9,434

3,469

2,536

2,169

2,155

3,404

1,476

326

1,037

1,455

-72

-64

-

864

-

-

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

-

-

-839

-

-

-

5,529

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-2,242

-3,113

-

-

5,605

5,576

-

-54,297

5,125

5,510

4,852

-13,561

6,496

4,900

4,811

4,333

4,024

3,936

2,137

9,458

3,493

2,559

2,192

2,178

1,699

1,701

602

1,244

1,657

130

135

-3,024

1,066

193

-705

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

-195

425

2,013

930

-307

-933

-2,768

-789

144

733

349

-3,237

-569

1,756

2,905

-2,077

555

-1,980

1,590

281

-773

1,253

1,268

-554

226

-3,860

-166

-467

942

798

173

66

-96

520

-336

Reclassification to net income

-541

-1,057

-319

-93

19

-52

-158

-134

-56

150

89

-41

-105

-288

40

-4

-4

-189

-6

-85

-60

-74

-38

230

29

55

155

-

-

-

-

-

-

-

-

Reclassification to income of net gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-353

-174

-117

-

-

-

-

Effect of income taxes

0

0

0

802

-69

-184

-549

-229

70

204

91

-1,119

-162

715

1,003

-721

190

-609

543

124

-242

451

444

-267

65

-1,331

-109

-259

200

210

19

-

-

-

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

876

862

-517

132

-2,584

-212

-512

389

414

37

-

-

-

-

Other comprehensive income (loss)

346

1,482

2,332

221

-257

-697

-2,061

-426

130

379

169

-2,077

-302

1,329

1,862

-1,352

369

-1,182

1,053

-

-471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification to income of net gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,185

368

-580

Effect of income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other comprehensive income/(loss) for the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,281

152

-916

Total comprehensive (loss) income

-1,896

-1,631

1,493

-96,501

5,348

4,879

3,468

-54,723

5,255

5,889

5,021

-15,638

6,194

6,229

6,673

2,981

4,393

2,754

3,190

9,700

3,022

3,435

3,054

1,661

1,831

-883

390

732

2,046

544

172

-2,610

-215

345

-1,621