On March 16, 2017, AmTrust Financial Services, Inc. (the Company)
issued a press release providing, among other things, an update on
the timing of the filing of the Companys Annual Report on Form 10-K
for the fiscal year ended December 31, 2016 (the 2016 Form 10-K). A
copy of the press release is attached as Exhibit 99.1 to this Form
8-K and is furnished as Exhibit 99.1 to this report.

On March 14, 2017, in connection with the preparation and audit of
the financial statements to be included in the 2016 Form 10-K, the
Audit Committee of the Board of Directors of the Company, in
consultation with management, concluded that the Companys
previously issued consolidated financial statements for 2014 and
2015 (including for each of the four quarters of 2015) as well as
for the first three quarters of 2016 should be restated and should
no longer be relied upon because of certain accounting errors
contained in such financial statements. In addition, the Companys
earnings and press releases and similar communications, to the
extent that they relate to the periods covered by these financial
statements, as well as the Companys fourth quarter and fiscal 2016
earnings release dated February 27, 2017, should no longer be
relied upon. Additionally, the reports of BDO USA, LLP (“BDO”) on
the Company’s consolidated financial statements for 2014 and 2015,
including its opinion on the effectiveness of internal controls
over financial reporting for such periods, likewise should no
longer be relied upon. The Company will include certain restated
financial statements and financial information with respect to all
affected periods in its 2016 Form 10-K to be filed with the SEC.
These financial statements will also include certain updates to the
information for the Companys fourth quarter and fiscal 2016
previously disclosed in its February 27, 2017 earnings release.

The Companys management and Audit Committee discussed the matters
relating to the restatement of the Companys previously issued
quarterly financial statements for the second and third quarters of
2016 with KPMG LLP, the Companys current independent registered
public accounting firm, and matters relating to the restatement of
the Companys previously issued consolidated financial statements
for 2014, 2015 (including for each of the four quarters of 2015)
and the first quarter of 2016 with BDO, the Companys former
independent registered public accounting firm.

The Company is restating its financial statements and related
disclosures primarily to correct two errors reported in its
historical consolidated financial statements. These errors relate
to: (1) upfront recognition of a portion of warranty contract
revenue associated with administration services, based on the
interpretation of ASC 605, Revenue Recognition, used in the
previously filed financial statements related to multiple-element
revenue recognition, instead of deferring recognition of the
revenue over the life of the contract; and (2) bonuses that were
expensed in the year paid but that should have been accrued in the
year earned based on ASC 710, Compensation, and ASC 270, Interim
Reporting. The first error will be reflected entirely within the
results of operations for our Specialty Risk and Extended Warranty
segment, while the second error will be reflected within the
results of operations of all of our segments. The Company will also
make other miscellaneous adjustments that had been previously
identified but not corrected because they were not material,
individually or in the aggregate, to its previously issued
consolidated financial statements. In addition, the Company expects
to have certain other non-cash corrections related to deferred
acquisition costs and the capitalization of software development
costs in 2016.

The Company intends to file the 2016 Form 10-K as soon as
practicable. Due to the additional time required to address the
issues described above, however, the Companys filing of the 2016
Form 10-K will be delayed.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits