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December 2018
November 2018
November 2018
November 2018
November 2018
October 2018
August 2018
June 2018
June 2018
June 2018
Document and Entity Information - shares | 3 Months Ended | |
---|---|---|
Mar. 31, 2018 | May 02, 2018 | |
Document Documentand Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | AFSI | |
Entity Registrant Name | AMTRUST FINANCIAL SERVICES, INC. | |
Entity Central Index Key | 0001365555 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 196,355,520 |
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Amtrust Financial Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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However, we do anticipate decreases in our operating cash flows from service and fee income as a result of our September 2017 sale of the NPS system to NGHC as discussed in our Annual Report on Form 10-K for the year ended December 31, 2017 and the February 28, 2018 transfer of our U.S.-based fee business as discussed in Note 13.
Net earned premiums increased primarily due to increased gross written premiums resulting from our acquisition of ANV in late 2016, of which a larger portion was earned in 2018 compared with 2017.
The decrease in amortization of deferred acquisition costs excluding ceding commissions primarily relates to the termination of programs with lower acquisition costs as compared to the current business written in this segment.
Net earned premiums increased as a result of a 2.4% increase of gross written premiums primarily in our commercial package and excess and surplus lines businesses, combined with a higher retention rate during the three months ended March 31, 2018 compared to the three months ended March 31, 2017.
Having recognized adverse development consistent with these trends in 2016 and 2017, we will continue to monitor them as the impacted accident years mature for possible adverse or favorable development.
Net realized losses occur when...Read more
The decrease in the loss...Read more
Net earned premiums increased $121.2...Read more
Net earned premiums increased $90.4...Read more
Net earned premiums increased $132.4...Read more
The increase resulted primarily from...Read more
The increase primarily resulted from...Read more
Amortization of deferred acquisition costs...Read more
In addition, the Group Reserve...Read more
In particular, our underwriting initiatives...Read more
Net earned premiums decreased $79.2...Read more
Ceding commissions received from reinsurance...Read more
Although we did not achieve...Read more
These costs are originally deferred...Read more
The decrease primarily related to...Read more
The decrease related to a...Read more
Our cash and investment portfolio...Read more
Management services We provide services...Read more
Absent this amount, expenses increased...Read more
Additionally, the loss ratio was...Read more
These industry-wide trends, particularly in...Read more
Income tax benefit for the...Read more
Underwriting, general and administrative expenses...Read more
The increase resulted primarily from...Read more
Our loss ratio for the...Read more
The increase primarily resulted from...Read more
The increase primarily resulted from...Read more
In accordance with the adoption...Read more
The increase in underwriting, general...Read more
Underwriting, general and administrative expenses...Read more
The transaction values our fully...Read more
Our retention of gross written...Read more
Our retention of gross written...Read more
Our retention of gross written...Read more
We believe that the current...Read more
At March 31, 2018, we...Read more
In addition, we target a...Read more
Impairment of investment securities results...Read more
Other expenses increased $51.7 million,...Read more
The following summary further describes...Read more
Ceding commission increased as a...Read more
For the three months ended...Read more
Underwriting, general and administrative expenses...Read more
Underwriting, general and administrative expenses...Read more
Underwriting, general and administrative expenses...Read more
In most instances, we pay...Read more
Net loss income attributable to...Read more
Reinsurance does not discharge or...Read more
We evaluate our operations by...Read more
We maintain sufficient liquidity from...Read more
The cash and investment portfolio...Read more
This trend of increased frequency...Read more
As of March 31, 2018,...Read more
Commencing in the fourth quarter...Read more
The gain during 2018 related...Read more
The decrease primarily resulted from...Read more
Ceding commissions from reinsurance transactions...Read more
Return on equity excluding the...Read more
Net realized gain on investments...Read more
The increase in the loss...Read more
Amortization of deferred acquisition costs...Read more
Amortization of deferred acquisition costs...Read more
Amortization of deferred acquisition costs...Read more
The decrease in cash provided...Read more
The decrease resulted primarily from...Read more
We target lines of insurance...Read more
Net income increased $625.7 million...Read more
Net investment income increased $4.9...Read more
Dividends on the Series A...Read more
We invest our statutory surplus...Read more
These costs represent amounts not...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Amtrust Financial Services, Inc. provided additional information to their SEC Filing as exhibits
Ticker: AFSI
CIK: 1365555
Form Type: 10-Q Quarterly Report
Accession Number: 0001365555-18-000087
Submitted to the SEC: Thu May 10 2018 2:50:06 PM EST
Accepted by the SEC: Thu May 10 2018
Period: Saturday, March 31, 2018
Industry: Fire Marine And Casualty Insurance