AmTrust also known as AMT Warranty Broadcasts Net Revenue For The Second Quarter 2016

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AmTrust also known as AMT Warranty Broadcasts Net
Revenue For The Second Quarter 2016

• Warrantechs parent business, AmTrust Financial
  Services, Inc. (AFSI) today announced 2nd quarter
  2016 net income as a result of common
  stockholders was 134.8 million, or 0.78 per
  diluted share, when compared with 70.7 million,
  or 0.42 per diluted share, within the second
  quarter 2015.
• For the 2nd quarter 2016, operating income was
  140.3 million, or 0.81 per diluted share,
  compared with 130.5 million, or 0.78 per
  diluted share, from the 2nd quarter of 2015.
  Annualized return on common equity was 21.1 for
  the 2nd quarter of 2016 when compared to 14.3
  for the 2nd quarter of 2015. 2nd quarter 2016
  annualized operating return on common equity was
  21.9 as compared with 26.3 in the second
  quarter 2015.
• 2nd Quarter 2016 Outcomes
• Total earnings was basically 1.39 billion, a
  boost of 0.28 billion, or 25, from 1.11
  billion within the 2nd quarter 2015. Gross
  written premium was 2.07 billion, a growth of
  0.39 billion, or 24, through 1.68 billion in
  the 2nd quarter of 2015. Net written premium was
  1.27 billion, an improvement of 0.26 billion,
  or 26, in comparison to 1.01 billion inside the
  second quarter 2015. Net earned premium was 1.18
  billion, a boost of 0.21 billion, or 22, from
  0.97 billion within the second quarter 2015.

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The particular merged ratio was 91.7 as opposed
to 90.5 in 2nd quarter 2015. An index of Q2
results shows up below plus a link to the gains
release. Financial Illustrates 2nd Quarter
2016 Gross written premium of 2.07 billion,
up 23.5 compared to 1.68 billion inside the
second quarter 2015 Net earned premium of
1.18 billion, up 22.0 from 0.97 billion within
the 2nd quarter 2015 Net income attributable
to common stockholders of 134.8 million compared
to 70.7 million inside the 2nd quarter 2015
Operating earnings of 140.3 million as compared
with 130.5 million in the second quarter 2015
Diluted EPS of 0.78 as compared with 0.42 in
the second quarter 2015 Operating diluted EPS
of 0.81 in comparison with 0.78 within the
second quarter 2015
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Annualized return on common equity of 21.1
and annualized operating return on common equity
of 21.9 Service and fee income of 138.3
million, up 28 from 107.7 million in the 2nd
quarter 2015 Combined ratio of 91.7 compared
to 90.5 in the 2nd quarter 2015 Weighted
average diluted shares outstanding of 173.0
million, up 3 compared to 168.1 million in the
second quarter 2015 Repurchased 3.58 million
common shares at a weighted average price of
24.82 per share Article Resource-https//amtwar
ranty.wordpress.com/2016/08/04/amtrust-announces-n
et-income-for-the-second-quarter-2016/