AmTrust Financial Q1 Profit Rises, Tops View On Higher Premiums - Quick Facts

(RTTNews) - AmTrust Financial Services Inc. (AFSI) reported Thursday that its first-quarter net income attributable to common stockholders grew 19 percent to $99.85 million or $1.27 per share from $83.88 million or $1.08 per share a year ago.

Operating earnings, which excluded items, were $97.4 million or $1.24 per share, compared to $57.2 million or $0.74 per share last year.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $953.98 million, an increase of 89.3 percent from $503.89 million in 2013. Analysts estimated revenues of $687.18 million for the quarter.

Gross written premium climbed 76.5 percent to $1.67 billion from $943.9 million in the same period a year ago. Net earned premium of $829.1 million went up 103.2 percent.

In pre-market activity, AmTrust shares are currently trading at $38.93, up $1.28 or 3.40 percent.