Amtrust announces solid profit growth for the first quarter 2015

AmTrust Announces Solid Profit Growth For The First Quarter 2015 AmTrust Financial Services (AFSI), the parent company of Warrantech, issued strong earnings today for the first quarter ended March 31, 2015.

Operating earnings were $121.4 million, or $1.45 per diluted share, an increase of 24.6%, compared to $97.4 million, or $1.24 per diluted share, in the first quarter of 2014. First quarter 2015 net income attributable to common stockholders grew to $154.7 million, or $1.85 per diluted share, an increase of 54.9% from $99.9 million, or $1.27 per diluted share, in the first quarter 2014. First quarter 2015 annualized operating return on common equity was 26.1% compared to 27.8% in the first quarter 2014. Annualized return on common equity was 33.3% for the first quarter of 2015 compared to 28.5% for the first quarter of 2014.

First Quarter 2015 Results Total revenue was $1.11 billion, an increase of $0.16 billion, or 16.6%, from $0.95 billion in the first quarter 2014. Gross written premium was $1.73 billion, an increase of $0.24 billion, or 16.0%, from $1.49 billion in the same period a year ago after excluding from the first quarter 2014 $174 million in non-recurring gross written premium from the Cut Through Reinsurance Agreement with Tower Group International, Ltd. in first quarter 2014.

A summary of Q1 results is listed below, and the earnings release is linked below as well. Thanks to all of our employees and agents who contributed to these results. We look forward to having another strong year and appreciate everyone’s hard work in making it happen.

Financial Highlights First Quarter 2015 • Gross written premium of $1.73 billion, up 16.0% after excluding from first quarter 2014 the impact of $174 million of non-recurring gross written premium related to the Cut Through Reinsurance Agreement with Tower Group International, Ltd. • Net earned premium of $949.4 million, up 14.5% from first quarter 2014 • Operating diluted EPS of $1.45 ($0.07 attributable to gain on life settlements) compared to $1.24 ($0.02 attributable to gain on life settlements) in the first quarter 2014

• Diluted EPS of $1.85 compared with $1.27 in the first quarter 2014 • Annualized operating return on common equity of 26.1% and annualized return on common equity of 33.3% • Service and fee income of $112.9 million, up 24.1% from the first quarter 2014 • Operating earnings of $121.4 million compared to $97.4 million from the first quarter 2014 • Net income attributable to common stockholders of $154.7 million compared to $99.9 million in the first quarter 2014 • Combined ratio of 89.0% compared to 89.9% in the first quarter 2014 • Book value per common share of $24.00, up from $22.34 at December 31, 2014 • AmTrust's stockholders' equity was $2.46 billion as of March 31, 2015 Article Resource: - https://warrantech.com/blog/may-2015/amtrust-announces-solid-profit-growthfor-the-firs/ To know more click link: - https://www.slideshare.net/warrantech