Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
---|---|---|---|---|---|---|---|---|
Net written premiums | ||||||||
5,152 | 4,851 | 4,261 | 3,941 | 2,565 | 1,648 | 1,276 | 827 | 643 |
Change in unearned premiums | ||||||||
-96 | -183 | -240 | -434 | -299 | -229 | -239 | -81 | -69 |
Net earned premiums | ||||||||
5,056 | 4,667 | 4,021 | 3,506 | 2,265 | 1,418 | 1,036 | 745 | 573 |
Ceding commission primarily related party | ||||||||
- | - | - | - | - | - | - | 138 | 113 |
Service and fee income | ||||||||
612 | 537 | 428 | 365 | 331 | 172 | 108 | 62 | 30 |
Net investment income | ||||||||
227 | 208 | 156 | 131 | 84 | 68 | 55 | 50 | 55 |
Net realized gains on investments | ||||||||
63 | 36 | 8 | 16 | 15 | 8 | 2 | 5 | -33 |
Total revenues | ||||||||
5,958 | 5,450 | 4,613 | 4,020 | 2,697 | 1,668 | 1,203 | 1,002 | 740 |
Loss and loss adjustment expenses | ||||||||
4,084 | 3,142 | 2,688 | 2,331 | 1,517 | 922 | 678 | 471 | 327 |
Acquisition costs and other underwriting expenses (net of ceding commission and administrative services - related party - $609,321; $608,904; and $545,661) | ||||||||
1,622 | 1,230 | 993 | 870 | 533 | 356 | 271 | 302 | 244 |
Other | ||||||||
705 | 564 | 473 | 422 | 291 | 177 | 117 | 56 | 22 |
Total expenses | ||||||||
6,412 | 4,936 | 4,154 | 3,624 | 2,342 | 1,456 | 1,066 | 830 | 594 |
(Loss) income before other (expenses) income, provision for income taxes and equity in earnings of unconsolidated subsidiaries | ||||||||
-453 | 513 | 458 | 395 | 355 | 211 | 137 | 171 | 145 |
Interest expense (net of interest income - related party - $4,654; $7,593; and $8,701) | ||||||||
-98 | -79 | -55 | -45 | -34 | 28 | 16 | 12 | 16 |
Loss on extinguishment of debt | ||||||||
0 | 0 | -5 | -9 | 0 | 0 | - | - | - |
(Loss) gain on investment in life settlement contracts net of profit commission | ||||||||
-2 | 46 | 19 | 12 | 3 | 13 | 46 | 11 | - |
Foreign currency (loss) gain | ||||||||
-139 | -29 | 47 | 56 | -6 | -0 | -2 | 0 | 2 |
Gain on acquisition | ||||||||
0 | 48 | 5 | 0 | 48 | 0 | 5 | 0 | - |
Gain on sale of policy management system | ||||||||
186 | 0 | 0 | 6 | 0 | 0 | - | - | - |
Total other (expenses) income | ||||||||
-53 | -13 | 12 | 19 | 11 | -14 | 34 | -0 | -14 |
(Loss) income before income taxes and equity in earnings of unconsolidated subsidiaries | ||||||||
-507 | 500 | 471 | 415 | 367 | 196 | 171 | 171 | 131 |
(Benefit) provision for income taxes | ||||||||
-99 | 85 | 38 | 28 | 98 | 21 | -15 | 47 | 27 |
(Loss) income before equity in earnings of unconsolidated subsidiaries | ||||||||
-408 | 414 | 432 | 386 | 269 | 175 | 186 | 124 | 104 |
Equity in earnings of unconsolidated subsidiaries (related parties) | ||||||||
73 | 15 | 25 | 28 | - | - | - | - | - |
Equity in earnings of unconsolidated subsidiaries related parties | ||||||||
- | - | - | - | 11 | 9 | 4 | 23 | -0 |
Net (loss) income | ||||||||
-334 | 430 | 457 | 415 | 280 | 184 | 191 | 147 | 103 |
Net income attributable to non-controlling interest and redeemable non-controlling interest of subsidiaries | ||||||||
14 | 19 | 6 | -0 | -1 | 6 | 20 | 5 | - |
Net (loss) income attributable to AmTrust stockholders | ||||||||
-348 | 410 | 450 | 415 | 282 | 177 | 170 | 142 | 103 |
Dividends on preferred stock | ||||||||
66 | 47 | 31 | 12 | 3 | 0 | 0 | - | - |
Net (loss) income attributable to AmTrust common stockholders | ||||||||
-415 | 363 | 419 | 402 | 278 | 177 | 170 | - | - |
Basic (loss) earnings per share (in dollars per share) | ||||||||
-2.23 | 2.10 | 2.54 | 2.68 | 1.87 | 2.42 | 2.34 | 2.17 | 1.74 |
Diluted (loss) earnings per share (in dollars per share) | ||||||||
-2.23 | 2.08 | 2.49 | 2.53 | 1.78 | 2.34 | 2.29 | 2.14 | 1.72 |
Dividends declared per common share (in dollars per share) | ||||||||
0.68 | 0.64 | 0.55 | 0.42 | 0.28 | 0.39 | 0.34 | 0.29 | 0.23 |
Weighted average common shares outstanding - Basic (in shares) | ||||||||
185 | 172 | 165 | 149 | 148 | 73 | 72 | 65 | 59 |
Weighted average common shares outstanding - Diluted (in shares) | ||||||||
185 | 174 | 168 | 159 | 155 | 75 | 74 | 66 | 59 |
Total other-than-temporary impairment losses | ||||||||
0 | 31 | 19 | 8 | 2 | 2 | 4 | 21 | 24 |
Portion of loss recognized in other comprehensive income | ||||||||
- | - | - | 0 | 0 | 0 | 0 | 0 | 0 |
Net impairment losses recognized in earnings | ||||||||
0 | 31 | 19 | 8 | 2 | 2 | 4 | 21 | 24 |
Net realized gains on available for sale securities | ||||||||
62 | 52 | 15 | 21 | 18 | - | - | - | - |
Net realized (losses) gains on trading securities | ||||||||
-15 | 14 | 10 | - | - | - | - | - | - |
Net realized gains on other invested assets | ||||||||
15 | 0 | 1 | 2 | 0 | 11 | 7 | 27 | -8 |
Net realized investment gains | ||||||||
63 | 36 | 8 | 16 | 15 | 8 | 2 | 5 | -33 |