Amtrust financial services, inc. (AFSI)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'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