AmTrust Financial Services, Inc. (AFSI) at this time revealed ongoing expansion of operating earnings and robust operating return on equity for the very first quarter of 2016.
For the 1st quarter 2016, operating revenue ended up $136.6 million, or $0.77 per diluted stock, as compared to $121.4 million, or $0.73 per diluted stock, within the first quarter of 2015. First quarter 2016 net gain because of typical stockholders has been $100.3 million, or $0.56 per diluted share, when compared to $154.7 million, or $0.93 per diluted stock, within the 1st quarter 2015. 1st quarter 2016 annualized operating return upon common equity was 22.1% as compared to 26.1% in the first quarter 2015. Annualized return on common equity was 16.2% for the first quarter of 2016 as compared to 33.3% for the 1st quarter of 2015.
First Quarter 2016 Final results
Total profits had been $1.28 billion, a slight increase of $0.16 billion, or even 15%, from $1.11 billion in the first quarter 2015. Gross written premium was $1.93 billion, an improvement of $0.20 billion, or 12%, from $1.73 billion in the first quarter of 2015. Net written premium was $1.22 billion, a rise of $0.18 billion, or 17%, as compared to $1.04 billion within the 1st quarter 2015. Net earned premium was $1.07 billion, a rise of $0.12 billion, or 13%, from $0.95 billion inside the first quarter 2015. The particular combined percentage was 91.2% as compared to 89.0% within first quarter 2015.
A listing of Q1 results shows up beneath along with a link to the earnings release.
Financial Features
1st Quarter 2016
• Gross written premium of $1.93 billion, upward 12% when compared to $1.73 billion within the first quarter 2015
• Net earned premium of $1.07 billion, up 13% from $0.95 billion in the initial quarter 2015
• Operating diluted EPS of $0.77 when compared with $0.73 inside the first quarter 2015
• Diluted EPS of $0.56 in comparison to $0.93 in the initial quarter 2015
• Annualized operating return on common equity of 22.1% as well as annualized return on common equity of 16.2%
• Service along with fee income of $144.2 million, up 28% from $112.9 million in the first quarter 2015
• Operating income of $136.6 million as compared to $121.4 million within the initial quarter 2015
• Net income attributable to common stockholders of $100.3 million in comparison to $154.7 million in the very first quarter 2015
• Combined ratio of 91.2% as compared with 89.0% within the first quarter 2015
• Weighted average diluted shares outstanding of 177.9 million, up 7% in comparison to 166.9 million within the first quarter 2015
• Book value per common share of $14.35, up 20% from $12.00 at March 31, 2015
• AmTrust’s stockholders’ equity was $3.14 billion as of March 31, 2016, upward 8% when compared to $2.91 billion as of December 31, 2015
Uploading ....