AmTrust Financial Services, Inc. (NASDAQ:AFSI) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition.
On November 6, 2017, AmTrust Financial Services, Inc. (the “Company”) issued a press release announcing prior period adverse loss reserve development recognized during the third quarter ended September 30, 2017, and an update on third quarter catastrophe losses. 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.
Item 9.01Exhibits.
(d)Exhibits.
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Exhibit No. |
Description |
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99.1 |
Press releasedated November 6, 2017.
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Amtrust Financial Services, Inc. ExhibitEX-99.1 2 ex991amtrustadcupdate.htm EXHIBIT 99.1 Exhibit Exhibit 99.1MEDIA RELEASEAmTrust to Report Prior Period Development of $327 Million and Utilize the Full Benefit of the Adverse Loss Development Cover Prior Accident Years Continue to Demonstrate ProfitabilityAdverse Development Results in a Reduction of Book Value and a Deferred Gain that will Amortize into Earnings Over the Recovery PeriodNo Impact on Consolidated Statutory Results or CapitalAmTrust Provides Additional Update on Third Quarter 2017 Catastrophe LossesNEW YORK,…To view the full exhibit click here
About AmTrust Financial Services, Inc. (NASDAQ:AFSI)
Amtrust Financial Services, Inc. (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business. Its segments include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment is engaged in providing workers’ compensation, commercial package and other commercial insurance lines produced by wholesale agents, retail agents and brokers in the United States. The Specialty Risk and Extended Warranty segment is engaged in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is engaged in writing commercial insurance for defined classes of insureds through general and other wholesale agents.
