Atlas Financial Holdings, Inc. (AFHIF) Financial Statements (2024 and earlier)

Company Profile

Business Address 953 AMERICAN LANE, 3RD FLOOR
SCHAUMBURG, IL 60173
State of Incorp.
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 thousands)

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,2745,2389,02539,64745,61529,888
Cash and cash equivalents 2,2745,2389,02534,90245,61529,888
Short-term investments    4,745  
Total current assets: 2,2745,2389,02539,64745,61529,888
Noncurrent Assets
Operating lease, right-of-use asset 2378881,592
Property, plant and equipment 2,50318,81521,79331,36324,43911,770
Long-term investments and receivables    24,03025,27824,934
Long-term investments    24,03025,27824,934
Intangible assets, net (including goodwill) 9832,2352,6253,7556,8717,261
Goodwill     2,7262,726
Intangible assets, net (excluding goodwill) 9832,2352,6253,7554,1454,535
Regulated entity, other noncurrent assets      213
Total noncurrent assets: 3,72321,93826,01059,14856,58844,178
Other undisclosed assets 42,18892,526115,826371,543380,300349,511
TOTAL ASSETS: 48,185119,702150,861470,338482,503423,577
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 73,687140,594159,322464,639391,858296,235
Total liabilities: 73,687140,594159,322464,639391,858296,235
Equity
Equity, attributable to parent, including: (25,502)(20,892)(8,461)5,69990,645127,342
Common stock   36363636
Treasury stock, value (3,000)(3,000)(3,000)(3,000)  
Additional paid in capital 83,08681,84081,548202,298201,105199,244
Accumulated other comprehensive income (loss)  430424(3,132)39(220)
Accumulated deficit (105,633)(100,199)(87,469)(190,503)(110,535)(71,718)
Other undisclosed equity, attributable to parent 4537    
Total equity: (25,502)(20,892)(8,461)5,69990,645127,342
TOTAL LIABILITIES AND EQUITY: 48,185119,702150,861470,338482,503423,577

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

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 4,8389,546120,598221,766221,975177,579
Premiums earned, net   110,241218,218
Financial services revenue215,771171,058
Other income 5,8674,354453526435467
Cost of revenue   (11,825)(220,662)(203,873)(134,746)
Policyholder benefits and claims incurred, net    (220,662)
Deferred policy acquisition costs, amortization expense   (11,825)   
Financial services costs(203,873)(134,746)
Gross profit: 4,8389,546108,7731,10418,10242,833
Operating expenses (10,671)(22,998)(133,374)(285,967)(266,128)(177,067)
Operating loss: (5,833)(13,452)(24,601)(284,863)(248,026)(134,234)
Interest and debt expense (2,235)(1,931)(1,466)(1,869)(1,840)(1,026)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,93113,291222,531205,713135,772
Income (loss) from continuing operations before equity method investments, income taxes: (8,068)(13,452)(12,776)(64,201)(44,153)512
Other undisclosed income from continuing operations before income taxes 2,235     
Income (loss) from continuing operations before income taxes: (5,833)(13,452)(12,776)(64,201)(44,153)512
Income tax expense (benefit)  484(223)(15,811)5,3432,134
Income (loss) from continuing operations: (5,833)(12,968)(12,999)(80,012)(38,810)2,646
Income (loss) before gain (loss) on sale of properties:(5,833)(12,968)(12,999)(80,012)(38,810)2,646
Net income (loss): (5,833)(12,968)(12,999)(80,012)(38,810)2,646
Other undisclosed net income (loss) attributable to parent 165238(7,427)   
Net income (loss) attributable to parent: (5,668)(12,730)(20,426)(80,012)(38,810)2,646
Preferred stock dividends and other adjustments      (281)
Other undisclosed net income (loss) available to common stockholders, basic (165)(238)7,427   
Net income (loss) available to common stockholders, diluted: (5,833)(12,968)(12,999)(80,012)(38,810)2,365

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (5,833)(12,968)(12,999)(80,012)(38,810)2,646
Other comprehensive income (loss)  64,160(2,794)252812
Comprehensive income (loss): (5,833)(12,962)(8,839)(82,806)(38,558)3,458
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (31)238(7,427)   
Comprehensive income (loss), net of tax, attributable to parent: (5,864)(12,724)(16,266)(82,806)(38,558)3,458

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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