Warrantech’s parent business, AmTrust Financial Services, Inc. (AFSI) today publicized second quarter 2016 net income as a result of common stockholders was $134.8 million, or $0.78 per diluted share, as compared with $70.7 million, or $0.42 per diluted share, in the second quarter For the second quarter 2016, running income was basically $140.3 million, or $0.81 per diluted share, when compared to $130.5 million, or $0.78 per diluted share, from the 2nd quarter of Annualized return on common equity was 21.1% with regard to the second quarter of 2016 as compared with 14.3% for the second quarter of nd quarter 2016 annualized operating return on typical equity was 21.9% when compared with 26.3% in the second quarter Second Quarter 2016 Final results Total revenue seemed to be $1.39 billion, a growth of $0.28 billion, or 25%, from $1.11 billion inside the second quarter Gross written premium was basically $2.07 billion, a rise of $0.39 billion, or 24%, from $1.68 billion in the second quarter of 2015.

Net written premium was $1.27 billion, a growth of $0.26 billion, or 26%, in comparison to $1.01 billion within the second quarter Net earned premium was $1.18 billion, an increase of $0.21 billion, or 22%, from $0.97 billion within the 2nd quarter The particular combined ratio was 91.7% in comparison to 90.5% in 2nd quarter An index of Q2 results is listed below and also a link to the gains release. Financial Features 2nd Quarter 2016 Gross written premium of $2.07 billion, up 23.5% compared to $1.68 billion within the 2nd quarter 2015 Net earned premium of $1.18 billion, up 22.0% from $0.97 billion inside the second quarter 2015 Net income attributable to common stockholders of $134.8 million compared with $70.7 million within the second quarter 2015

Operating earnings of $140.3 million when compared with $130.5 million in the second quarter 2015 Diluted EPS of $0.78 as compared to $0.42 inside the second quarter 2015 Operating diluted EPS of $0.81 in comparison with $0.78 in the second quarter 2015 Annualized return on common equity of 21.1% and annualized operating return on common equity of 21.9% Service and fee income of $138.3 million, up 28% from $107.7 million in the 2nd quarter 2015 Combined ratio of 91.7% compared to 90.5% in the 2nd quarter 2015 Weighted average diluted shares outstanding of million, up 3% compared to million in the second quarter 2015 Repurchased 3.58 million common shares at a weighted average price of $24.82 per share Article Resource:- announces-net-income-for-the-second-quarter-2016/ announces-net-income-for-the-second-quarter-2016/