Amtrust Financial Services Inc (AFSI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
59 MAIDEN LANE NEW YORK, NY 10038 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,001 | 602 | 1,044 | 993 | 944 | 425 | |||
| Cash and cash equivalents | 763 | 568 | 932 | 903 | 830 | 414 | |||
| Short-term investments | 238 | 34 | 112 | 91 | 114 | 10 | |||
| Restricted cash and investments | 480 | 713 | 381 | 186 | 100 | 79 | |||
| Disposal group, including discontinued operation | 56 | ||||||||
| Total current assets: | 1,537 | 1,315 | 1,424 | 1,180 | 1,045 | 503 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 453 | 314 | 281 | 154 | 104 | 76 | |||
| Long-term investments and receivables | 151 | 138 | 120 | 90 | 96 | ||||
| Long-term investments | 151 | 138 | 120 | 90 | 96 | ||||
| Intangible assets, net (including goodwill) | 934 | 1,243 | 800 | 668 | 665 | 515 | |||
| Goodwill | 553 | 687 | 433 | 353 | 374 | 230 | |||
| Intangible assets, net (excluding goodwill) | 381 | 557 | 367 | 315 | 292 | 285 | |||
| Regulated entity, other noncurrent assets | 5 | 5 | |||||||
| Total noncurrent assets: | 1,387 | 1,709 | 1,220 | 942 | 864 | 692 | |||
| Other undisclosed assets | 22,295 | 19,591 | 14,468 | 11,726 | 9,349 | 6,222 | |||
| TOTAL ASSETS: | 25,219 | 22,615 | 17,112 | 13,847 | 11,257 | 7,417 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 465 | 452 | 86 | 116 | |||||
| Interest and dividends payable | 33 | 41 | |||||||
| Accrued liabilities | 432 | 410 | 86 | 116 | |||||
| Debt | 160 | ||||||||
| Total current liabilities: | 465 | 612 | 86 | 116 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 21,384 | 18,535 | 13,939 | 11,534 | 9,669 | 6,169 | |||
| Total liabilities: | 21,849 | 19,148 | 14,025 | 11,651 | 9,669 | 6,169 | |||
| Temporary equity, carrying amount | 2 | 1 | 1 | 1 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 3,190 | 3,269 | 2,909 | 2,037 | 1,450 | 1,144 | |||
| Preferred stock | 914 | 914 | 483 | 300 | 115 | ||||
| Common stock | 2 | 2 | 2 | 1 | 1 | 1 | |||
| Treasury stock, value | (242) | (311) | (163) | (298) | (285) | (294) | |||
| Additional paid in capital | 1,640 | 1,385 | 1,383 | 1,023 | 1,033 | 761 | |||
| Accumulated other comprehensive income (loss) | 16 | (126) | (130) | 56 | (8) | 64 | |||
| Retained earnings | 861 | 1,405 | 1,334 | 955 | 594 | 612 | |||
| Equity, attributable to noncontrolling interest | 178 | 197 | 176 | 159 | 138 | 103 | |||
| Total equity: | 3,368 | 3,466 | 3,086 | 2,196 | 1,588 | 1,247 | |||
| Other undisclosed liabilities and equity | 1 | 1 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 25,219 | 22,615 | 17,112 | 13,847 | 11,257 | 7,417 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,959 | 5,450 | 4,664 | 4,084 | 2,698 | 1,865 | ||
| Financial services revenue | ✕ | 5,668 | 5,206 | 4,500 | 3,936 | 2,266 | 1,419 | |
| Cost of revenue | (4,084) | (3,142) | (2,682) | (2,881) | (1,517) | (923) | ||
| Deferred policy acquisition costs, amortization expense | (539) | 229 | 182 | |||||
| Financial services costs | ✕ | (4,084) | (3,142) | (2,682) | (2,343) | (1,517) | (923) | |
| Gross profit: | 1,874 | 2,308 | 1,982 | 1,203 | 1,181 | 942 | ||
| Operating expenses | (2,328) | (1,794) | (1,446) | (1,437) | (2,051) | (1,466) | ||
| Other undisclosed operating income | 682 | 1,226 | 761 | |||||
| Operating income (loss): | (454) | 514 | 536 | 448 | 356 | 237 | ||
| Nonoperating income (expense) | (54) | (14) | 16 | 23 | 20 | (15) | ||
| Investment income, nonoperating | 472 | 49 | 157 | 14 | (4) | |||
| Gain (loss), foreign currency transaction, before tax | (140) | 43 | 60 | (7) | (0) | |||
| Interest and debt expense | (5) | (56) | (35) | (29) | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5 | 56 | 35 | 29 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (508) | 500 | 551 | 472 | 376 | 223 | ||
| Income from equity method investments | 73 | 17 | 25 | 28 | 12 | 9 | ||
| Income (loss) from continuing operations before income taxes: | (434) | 517 | 577 | 500 | 387 | 232 | ||
| Income tax expense (benefit) | 99 | (85) | (66) | (54) | (98) | (47) | ||
| Income (loss) from continuing operations: | (335) | 432 | 511 | 447 | 289 | 185 | ||
| Income (loss) before gain (loss) on sale of properties: | (335) | 432 | 511 | 447 | 289 | 185 | ||
| Other undisclosed net loss | (2) | |||||||
| Net income (loss): | (335) | 430 | 511 | 447 | 289 | 185 | ||
| Net income (loss) attributable to noncontrolling interest | (14) | (19) | (7) | 0 | 2 | (7) | ||
| Net income (loss) attributable to parent: | (349) | 411 | 504 | 447 | 291 | 178 | ||
| Preferred stock dividends and other adjustments | (66) | (48) | (32) | (13) | (4) | |||
| Other undisclosed net loss available to common stockholders, basic | (1) | |||||||
| Net income (loss) available to common stockholders, diluted: | (415) | 363 | 472 | 434 | 287 | 177 | ||
Comprehensive Income ($ in millions)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (335) | 430 | 511 | 447 | 289 | 185 | ||
| Other comprehensive income (loss) | 141 | 8 | (186) | 64 | (72) | 74 | ||
| Comprehensive income (loss): | (194) | 438 | 324 | 511 | 217 | 259 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (14) | (19) | (7) | 0 | (2) | 7 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3 | (14) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (208) | 419 | 317 | 511 | 218 | 252 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.