Amtrust Financial Services Inc (AFSI) financial statements (2020 and earlier)

Company profile

Business Address 59 MAIDEN LANE
NEW YORK, NY 10038
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments1,0016021,044993944425
Cash and cash equivalents763568932903830414
Short-term investments238341129111410
Restricted cash and investments48071338118610079
Disposal group, including discontinued operation56     
Total current assets:1,5371,3151,4241,1801,045503
Noncurrent Assets
Property, plant and equipment45331428115410476
Long-term investments and receivables 1511381209096
Long-term investments 1511381209096
Intangible assets, net (including goodwill)9341,243800668665515
Goodwill553687433353374230
Intangible assets, net (excluding goodwill)381557367315292285
Regulated entity, other noncurrent assets    55
Total noncurrent assets:1,3871,7091,220942864692
Other undisclosed assets22,29519,59114,46811,7269,3496,222
TOTAL ASSETS:25,21922,61517,11213,84711,2577,417
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46545286116  
Accrued liabilities43241086116  
Interest and dividends payable3341    
Debt 160    
Total current liabilities:46561286116  
Noncurrent Liabilities
Other undisclosed liabilities21,38418,53513,93911,5349,6696,169
Total liabilities:21,84919,14814,02511,6519,6696,169
Temporary equity, carrying amount2111  
Stockholders' equity
Stockholders' equity attributable to parent3,1903,2692,9092,0371,4501,144
Preferred stock914914483300115 
Common stock222111
Treasury stock, value(242)(311)(163)(298)(285)(294)
Additional paid in capital1,6401,3851,3831,0231,033761
Accumulated other comprehensive income (loss)16(126)(130)56(8)64
Retained earnings8611,4051,334955594612
Stockholders' equity attributable to noncontrolling interest178197176159138103
Total stockholders' equity:3,3683,4663,0862,1961,5881,247
Other undisclosed liabilities and equity    11
TOTAL LIABILITIES AND EQUITY:25,21922,61517,11213,84711,2577,417

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues5,9595,4504,6644,0842,6981,865
Financial services revenue5,6685,2064,5003,9362,2661,419
Cost of revenue(4,084)(3,142)(2,682)(2,881)(1,517)(923)
Deferred policy acquisition costs, amortization expense   (539)229182
Financial services costs(4,084)(3,142)(2,682)(2,343)(1,517)(923)
Gross profit:1,8742,3081,9821,2031,181942
Operating expenses(2,328)(1,794)(1,446)(1,437)(2,051)(1,466)
Other undisclosed operating income   6821,226761
Operating income (loss):(454)514536448356237
Nonoperating income (expense)(54)(14)162320(15)
Investment income, nonoperating47249 15714(4)
Foreign currency transaction gain (loss), before tax(140) 4360(7)(0)
Interest and debt expense  (5)(56)(35)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes  5563529
Income (loss) from continuing operations before equity method investments, income taxes:(508)500551472376223
Income from equity method investments73172528129
Income (loss) from continuing operations before income taxes:(434)517577500387232
Income tax expense (benefit)99(85)(66)(54)(98)(47)
Income (loss) before gain (loss) on sale of properties:(335)432511447289185
Other undisclosed net loss (2)    
Net income (loss):(335)430511447289185
Net income (loss) attributable to noncontrolling interest(14)(19)(7)02(7)
Net income (loss) attributable to parent:(349)411504447291178
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)363472434287177

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(335)430511447289185
Other comprehensive income (loss)1418(186)64(72)74
Comprehensive income (loss):(194)438324511217259
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)419317511218252

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: