Amtrust Financial Services Inc (AFSI) Financial Statements (2024 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
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1421,0361,001805917676
Cash and cash equivalents669729763766892622
Short-term investments473308238392554
Restricted cash and investments532409480879856616
Disposal group, including discontinued operation   56   
Total current assets:1,6741,4451,5371,6851,7721,292
Noncurrent Assets
Property, plant and equipment421444453458462452
Long-term investments and receivables      157
Long-term investments      157
Intangible assets, net (including goodwill)8809029341,3291,3481,251
Goodwill530534553790808705
Intangible assets, net (excluding goodwill)351368381539540547
Total noncurrent assets:1,3011,3471,3871,7871,8111,860
Other undisclosed assets22,78622,91022,29522,35521,74520,733
TOTAL ASSETS:25,76125,70125,21925,82725,32823,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   465   
Interest and dividends payable   33   
Accrued liabilities   432   
Debt215   32294
Total current liabilities:215 465 32294
Noncurrent Liabilities
Other undisclosed liabilities21,94521,76921,38422,13121,39920,077
Total liabilities:22,16021,76921,84922,13121,43120,370
Temporary equity, carrying amount   2112
Equity
Equity, attributable to parent3,5443,7573,1903,5133,6643,296
Preferred stock914914914914914914
Common stock222222
Treasury stock, value(218)(241)(242)(242)(244)(306)
Additional paid in capital1,6231,6411,6401,6341,6261,386
Accumulated other comprehensive income (loss)(151)(49)1642(5)(98)
Retained earnings1,3741,4908611,1631,3701,399
Equity, attributable to noncontrolling interest58175178181233216
Total equity:3,6013,9323,3683,6943,8963,512
TOTAL LIABILITIES AND EQUITY:25,76125,70125,21925,82725,32823,884

Income Statement (P&L) ($ in millions)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Revenues1,4072,2731,4461,4591,6221,432
Financial services revenue1241,3861,3731,5491,360
Cost of revenue(934)(973)(954)(1,266)(1,024)(192)
Policyholder benefits and claims incurred, net(934) 
Deferred policy acquisition costs, amortization expense      (192)
Financial services costs(973)(954)(1,266)(1,024) 
Gross profit:4731,3004931935971,240
Operating expenses   (2,328)   
Other undisclosed operating income (loss)(574)(639)1,579(514)(573)(1,139)
Operating income (loss):(101)661(257)(322)24101
Nonoperating income (expense)6297(37)100(84)(33)
Investment income, nonoperating7471249827171
Gain (loss), foreign currency transaction, before tax(12)27(0)(63)(59)(18)
Income (loss) from continuing operations before equity method investments, income taxes:(39)758(294)(221)(60)68
Income from equity method investments      4
Income (loss) from continuing operations before income taxes:(39)758(294)(221)(60)72
Income tax expense (benefit)415386320(21)
Income (loss) from continuing operations:(35)773(255)(159)(40)50
Income (loss) before gain (loss) on sale of properties:(35)773(255)(159)(40)50
Other undisclosed net income (loss)(62)(97)  70 
Net income (loss):(97)676(255)(159)2950
Net income (loss) attributable to noncontrolling interest(3)331(7)(11)
Net income (loss) attributable to parent:(100)678(252)(158)2239
Preferred stock dividends and other adjustments(17)(17)(17)(17)(17)(17)
Net income (loss) available to common stockholders, diluted:(116)662(269)(175)623

Comprehensive Income ($ in millions)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Net income (loss):(97)676(255)(159)2950
Other comprehensive income (loss)(101)(65)(27)479328
Comprehensive income (loss):(198)611(282)(112)12278
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)31(7)(11)
Comprehensive income (loss), net of tax, attributable to parent:(201)609(279)(111)11567

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.

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