Everything You Need to Know About AmTrust Financial Services Inc.
Overview of Financial Metrics
As of December 31, 2017, AmTrust reported total assets of $25.2 billion, a notable increase from $22.6 billion the previous year. The company achieved gross written premiums totaling $8.4 billion in 2017, reflecting a growth rate of over 6% compared to 2016. Net earned premiums reached $5.1 billion, marking an impressive growth of more than 8%, while net investment income was recorded at $227 million, signaling a growth of over 9%.
Ratings by Major Credit Agencies
AmTrust has been recognized for its financial stability through strong credit ratings. A.M. Best affirmed its financial strength rating (FSR) of A (Excellent) for AmTrust’s property/casualty subsidiaries, along with issuer credit ratings (ICR) of “a”. The outlook for all ratings remains stable. The company’s adjusted debt-to-total capital, excluding accumulated other comprehensive income (AOCI), stands at 23.2% as of March 31, 2014, while its adjusted debt-to-tangible capital ratio (excluding AOCI) is 33.6%.
Factors Influencing Financial Growth
Several financial growth factors play a crucial role in AmTrust’s performance. Key drivers include innovative product development, which diversifies its offerings, and strategic partnerships that enhance distribution capabilities. Access to a $200 million credit facility further supports the company’s ability to invest in growth initiatives. Additionally, approximately 40% of AmTrust’s equity consists of goodwill and intangible assets, allowing for future value creation. A strong interest coverage ratio, well within A.M. Best’s guidelines, also contributes to financial stability.
| Financial Metric | 2017 Values | 2016 Values | Growth |
|---|---|---|---|
| Total Assets | $25.2 billion | $22.6 billion | +11.5% |
| Gross Written Premiums | $8.4 billion | $7.9 billion | +6% |
| Net Earned Premiums | $5.1 billion | $4.7 billion | +8.5% |
| Net Investment Income | $227 million | $208 million | +9.1% |
Commitment to Customer Service and Satisfaction
AmTrust Financial Services is dedicated to elevating customer service and ensuring customer satisfaction through comprehensive support initiatives. The company has developed robust online resources and responsive communication tools, enabling clients to access information and assistance efficiently. By emphasizing personalized service, AmTrust works diligently to understand its clients’ unique needs and tailor solutions accordingly.
