NEW YORK, June 26, 2014 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company") announced today that it has agreed to acquire Comp Options Insurance Company, Inc. ("OptaComp"), an affiliated company of Blue Cross & Blue Shield of Florida ("Florida Blue"), for cash.
Book Value Per Common Share of $21.13, Up 19.1% Since December 31, 2013
Financial Highlights Second Quarter 2014
Gross written premium of $1.44 billion, up 38.7%, and net earned premium of $874.9 million, up 63.1% from the second quarter 2013
Operating diluted EPS (1) of $1.34 ($(0.03) attributable to loss on life settlements) compared to $0.75 ($0.01 attributable to gain on life settlements) in the second quarter 2013
Annualized operating return on common equity (1) of 28.0% and annualized return on common equity of 27.8%
Service and fee income of $99.5 million, up 13.0% from the second quarter 2013
Operating earnings (1) of $107.1 million compared to $57.4 million from the second quarter 2013
Net income attributable to common stockholders of $106.3 million compared to $71.4 (3) million in the second quarter 2013
Diluted EPS of $1.33 compared with $0.93 in the second quarter 2013
Sign-up for AmTrust Financial Services, Inc. Reports Strong Profit Growth for Second Quarter 2014 With Operating Earnings(1) Per Diluted Share Rising 78.7% to $1.34 and Net Income of $1.33 Per Diluted Share investment picks
NEW YORK, July 9, 2014 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) , announced today that it plans to release its second quarter and six months 2014 results before the market opens on Thursday, August 7, 2014.
A.M. Best has assigned a debt rating of “bb+” to the forthcoming
$80 million 7.625% non-cumulative perpetual preferred stock of AmTrust
Financial Services Inc. (AmTrust) (headquartered in New York, NY)
[NASDAQ:AFSI]. The outlook assigned to the rating is stable.
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