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Last $60.21 USD
Change Today +0.46 / 0.77%
Volume 404.1K
AFSI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

amtrust financial services (AFSI) Snapshot

Open
$59.62
Previous Close
$59.75
Day High
$60.60
Day Low
$59.22
52 Week High
04/27/15 - $61.22
52 Week Low
04/28/14 - $36.76
Market Cap
5.0B
Average Volume 10 Days
315.0K
EPS TTM
$5.51
Shares Outstanding
82.3M
EX-Date
03/30/15
P/E TM
10.9x
Dividend
$1.00
Dividend Yield
1.50%
Current Stock Chart for AMTRUST FINANCIAL SERVICES (AFSI)

amtrust financial services (AFSI) Related Businessweek News

No Related Businessweek News Found

amtrust financial services (AFSI) Details

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. It operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers’ compensation, and other property and casualty insurance products, as well as commercial package insurance products, such as commercial property, general liability, inland marine, automobile, and umbrella coverage to small businesses. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods; custom designed coverages, such as accidental damage plans and payment protection plans; and coverage for niche property and casualty risks, as well as specialty liability risks comprising general liability, employers’ liability, and professional and medical liability. This segment also serves as a third party administrator to provide claims handling and call center services to the consumer products and automotive industries. The Specialty Program segment provides workers’ compensation, general liability, commercial auto liability, property coverage, excess and surplus lines programs, and other specialty commercial property and casualty insurance products to small and middle market companies. The company distributes its policies through a network of retail and wholesale agents, and claims administrators. AmTrust Financial Services, Inc. was founded in 1998 and is based in New York, New York.

5,100 Employees
Last Reported Date: 03/2/15
Founded in 1998

amtrust financial services (AFSI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $975.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $800.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $700.0K
Chief Executive Officer of Amtrust Europe Ltd...
Total Annual Compensation: $856.7K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

amtrust financial services (AFSI) Key Developments

AmTrust Financial Services, Inc.(NYSE:AFSI.PRD) added to S&P Preferred Stock Index

AmTrust Financial Services, Inc.(NYSE:AFSI.PRD) added to S&P Preferred Stock Index

AmTrust Financial Services, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

AmTrust Financial Services, Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter 2014, operating earnings attributable to common stockholders were $118.5 million, or $1.46 per diluted share, an increase of 20.3%, compared to $98.5 million, or $1.24 per diluted share, in the fourth quarter of 2013. Fourth quarter 2014 net income attributable to common stockholders grew to $71.6 million, or $0.88 per diluted share, an increase of 10.6% from $64.7 million, or $0.82 per diluted share, in the fourth quarter 2013. Total revenue was $1.05 billion, an increase of $231.4 million, or 28.3%, from $816.4 million in the fourth quarter 2013. Income before other income (expense), provision for income taxes, equity in earnings of unconsolidated subsidiaries and non-controlling interest was $65.9 million against $111.9 million reported last year. Income before provision for income taxes, equity in earnings of unconsolidated subsidiaries and non-controlling interest was $98 million against $96.1 million reported last year. Fourth quarter 2014 annualized operating return on common equity was 27.7% compared to 30.4% in the fourth quarter 2013. Annualized return on common equity was 16.7% for the fourth quarter of 2014 and 20.0% for the fourth quarter of 2013. Book value per common share at the end of the period was $22.34 against $17.74 million reported a year ago. Gross written premium was $1.46 billion, an increase of $401.4 million, or 37.9%, from $1.06 billion in the same period a year ago. Net written premium of $898.5 million rose $233.7 million, or 35.2%, from $664.8 million in the fourth quarter 2013. Net earned premium of $908.2 million increased $200.6 million, or 28.4%, from $707.6 million in the fourth quarter 2013. For 2014, operating earnings attributable to common stockholders totaled $458.4 million, or $5.75 per diluted share, an increase of 64.8% compared to $278.2 million, or $3.56 per diluted share, in 2013. During 2014, net income attributable to common stockholders grew to $434.3 million, or $5.45 per diluted share, an increase of 56.1% from $278.2 million, or $3.56 per diluted share, in 2013. Total revenue was $4.08 billion, an increase of $1.39 billion, or 51.4%, from $2.70 billion in 2013. Income before other income (expense), provision for income taxes, equity in earnings of unconsolidated subsidiaries and non-controlling interest was $448.4 million against $355.8 million reported last year. Income before provision for income taxes, equity in earnings of unconsolidated subsidiaries and non-controlling interest was $471.9 million against $367.15 million reported last year. Operating return on common equity for 2014 was 29.9% compared to 22.5% from 2013. 2014 return on common equity was 28.4% compared to 22.5% year of 2013. Gross written premium was $6.09 billion, an increase of $1.97 billion, or 47.9%, from $4.12 billion in 2013. The renewal rights agreement with Tower International Group Ltd. contributed approximately $608.5 million to gross written premiums and included approximately $475 million from the cut-through reinsurance agreement. Net written premium of $3.96 billion rose $1.39 billion, or 54.2%, from $2.57 billion in 2013. Net earned premium of $3.53 billion increased $1.26 billion, or 55.6%, from $2.27 billion in 2013. For the year, the company generated positive cash flow from operations of approximately $1.1 billion.

AmTrust Financial Services, Inc. Announces Quarterly Cash Dividends on Preferred Stock, Payable on March 16, 2015

AmTrust Financial Services, Inc. announced that its Board of Directors approved a cash dividend on its 6.75% Non-cumulative preferred stock, Series A of $0.421875 per preferred share. In addition, the Board of Directors approved a cash dividend on its 7.25% Non-Cumulative Preferred Stock, Series B of $0.453125 per preferred share. Finally, the Board of Directors approved a cash dividend on its 7.625% Non-Cumulative Preferred Stock, Series C of $0.476563 per preferred share. The preferred dividends will be payable March 16, 2015 to shareholders of record on March 1, 2015.

 

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Industry Analysis

AFSI

Industry Average

Valuation AFSI Industry Range
Price/Earnings 11.0x
Price/Sales 1.1x
Price/Book 2.7x
Price/Cash Flow 11.0x
TEV/Sales 0.6x
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