AmTrust Announces Solid Profit Growth For The First Quarter 2015

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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

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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 everyones 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
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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/bl
og/may-2015/amtrust-announces-solid-profit-growth-
for-the-firs/ To know more click link-
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