AmTrust Financial Services, Inc. (AFSI) today announced continued growth of operating earnings and strong operating return on equity for the first quarter of 2016.

1. AmTrust Financial Services, Inc. (AFSI) today announced continued growth of
operating earnings and strong operating return on equity for the first quarter of
2016.
For the first quarter 2016, operating earnings were $136.6 million, or $0.77 per
diluted share, compared to $121.4 million, or $0.73 per diluted share, in the first
quarter of 2015. First quarter 2016 net income attributable to common
stockholders was $100.3 million, or $0.56 per diluted share, compared to $154.7
million, or $0.93 per diluted share, in the first quarter 2015. First quarter 2016
annualized operating return on common equity was 22.1% compared to 26.1% in
the first quarter 2015. Annualized return on common equity was 16.2% for the
first quarter of 2016 compared to 33.3% for the first quarter of 2015.
First Quarter 2016 Results
Total revenue was $1.28 billion, an increase of $0.16 billion, or 15%, from $1.11
billion in the first quarter 2015. Gross written premium was $1.93 billion, an
increase of $0.20 billion, or 12%, from $1.73 billion in the first quarter of 2015. Net
written premium was $1.22 billion, an increase of $0.18 billion, or 17%, compared
to $1.04 billion in the first quarter 2015. Net earned premium was $1.07 billion, an
increase of $0.12 billion, or 13%, from $0.95 billion in the first quarter 2015. The
combined ratio was 91.2% compared to 89.0% in first quarter 2015.

2. A summary of Q1 results is listed below along with a link to the earnings
release.
Financial Highlights
First Quarter 2016
• Gross written premium of $1.93 billion, up 12% compared to $1.73 billion in
the first quarter 2015
• Net earned premium of $1.07 billion, up 13% from $0.95 billion in the first
quarter 2015
• Operating diluted EPS of $0.77 compared to $0.73 in the first quarter 2015
• Diluted EPS of $0.56 compared to $0.93 in the first quarter 2015
• Annualized operating return on common equity of 22.1% and annualized
return on common equity of 16.2%
• Service and fee income of $144.2 million, up 28% from $112.9 million in the
first quarter 2015

3. • Operating earnings of $136.6 million compared to $121.4 million in the first
quarter 2015
• Net income attributable to common stockholders of $100.3 million compared
to $154.7 million in the first quarter 2015
• Combined ratio of 91.2% compared to 89.0% in the first quarter 2015
• Weighted average diluted shares outstanding of 177.9 million, up 7% compared
to 166.9 million in 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, up 8%
compared to $2.91 billion as of December 31, 2015
Article Resource:- https://warrantech.com/blog/may-2016/amtrust-
announces-continued-growth-of-operated-ear/