| Address:
|
59 MAIDEN LANE
6TH FLOOR |
| City: |
NEW YORK |
|
State: |
NY |
|
Zip Code: |
10038 |
| Telephone: |
(212) 220-7120 |
|
Description of Business
|
Primary SIC Code:
6331 |
| (As filed with the SEC)
|
|
|
AmTrust Financial Services Inc. is a Delaware corporation formed in 1998 that
began trading on the NASDAQ exchange on November 13, 2006. References to
"AmTrust," the "Company," "we," "our," or "us" in this Annual Report on Form
10-K and in other statements and information publicly disseminated by AmTrust
Financial Services, Inc., refer to the consolidated operations of the holding
company.
Business Overview
AmTrust underwrites and provides property and casualty insurance in the United
States and internationally to niche customer groups that we believe are
generally underserved by larger insurance carriers within the broader insurance
market.
Our business model reflects a balanced mix of businesses that we believe
provides a broader level of diversity and financial stability through varying
market cycles because our segments and customers are not all influenced in the
same manner by economic conditions and seasonality. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 2.68 | 0.090 | 8.31 | | 06/2011 | 2.76 | 0.080 | 8.25 | | 03/2011 | 2.46 | 0.080 | 7.75 | | 12/2010 | 2.36 | 0.080 | 7.42 | | 09/2010 | 2.26 | 0.070 | 6.42 | | 06/2010 | 2.02 | 0.070 | 5.96 | | 03/2010 | 1.73 | 0.070 | 8.06 | | 12/2009 | 1.72 | 0.060 | 6.87 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.57 | Total Liab/Total Assets | 0.83 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.90 | | Net Inc/Inv Cap | 0.04 | Total Liab/Comm Equity | 13.91 | | Pretax Inc/Net Sales | 0.17 | Interest Coverage Ratio | 14.28 | | Net Inc/Net Sales | 0.14 | Curr Debt/Equity | 0.49 | | Cash Flow/Net Sales | 0.02 | LTD/Equity | 0.43 | | SG&A/NetSales | NA | Total Debt/Equity | 0.92 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 0.56 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 32.45 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
373.40
|
322.02
|
275.82
|
282.66
|
|
Cost of Goods Sold
|
298.62
|
259.59
|
209.93
|
219.45
|
|
Selling & Admin Exps
|
NA
|
NA
|
NA
|
NA
|
|
Operating Income
|
50.73
|
43.87
|
45.69
|
42.59
|
|
Interest Exp
|
3.95
|
4.33
|
3.75
|
2.86
|
|
Pretax Income
|
52.21
|
64.69
|
60.54
|
40.52
|
|
Other Income
|
5.42
|
25.16
|
18.60
|
0.79
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
35.10
|
50.16
|
45.18
|
33.65
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
485.68
|
354.93
|
269.42
|
234.09
|
|
Receivables - Total
|
2,464.99
|
2,403.52
|
2,134.98
|
2,006.20
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
57.07
|
44.78
|
44.22
|
30.89
|
|
Total Assets
|
5,419.35
|
5,135.60
|
4,420.85
|
4,182.45
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
744.28
|
786.13
|
692.08
|
640.69
|
|
Debt in Current Liabilities
|
377.11
|
310.07
|
350.57
|
347.62
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
469.24
|
493.02
|
457.04
|
310.79
|
|
Total Liabilities
|
4,580.83
|
4,309.64
|
3,652.64
|
3,465.34
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
69.81
|
47.79
|
36.90
|
21.80
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.85
|
0.85
|
0.85
|
0.84
|
|
Retained Earnings
|
583.18
|
553.48
|
508.11
|
467.69
|
|
Treasury Stock
|
-300.37
|
-300.37
|
-300.49
|
-300.49
|
|
Total Stockholders' Equity
|
837.92
|
825.36
|
767.61
|
716.51
|
|
Total Liabilities and Stockholders' Equity
|
5,418.75
|
5,135.00
|
4,420.25
|
4,181.85
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
57.43
|
119.56
|
55.33
|
21.91
|
|
Net Cash Provided by Investing Activities
|
-64.46
|
-62.89
|
-24.09
|
-233.92
|
|
Net Cash Provided by Financing Activities
|
73.50
|
-46.92
|
10.75
|
106.48
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 384.02 | 48.86 | 0.86 | | 12/2007 | 573.16 | 90.14 | 1.49 | | 12/2008 | 573.66 | 82.93 | 1.37 | | 12/2009 | 740.21 | 103.22 | 1.72 | | 12/2010 | 1,002.46 | 142.46 | 2.36 | | Growth Rates | 27.11 | 30.68 | 28.71 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 139 | 21,518 | 35.87 |
|
Report Date :
2/6/2012
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