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AmTrust Financial Services, Inc.
Type
Public
Traded as NASDAQ: AFSI
Russell 2000 Component
Industry Insurance, Extended Warranties, Specialty Risk
Founder George Karfunkel,
Michael Karfunkel
Headquarters Home Insurance Plaza
New York City, USA
Key people
Barry Zyskind (CEO)
Website amtrustfinancial.com

AmTrust Financial Services, Inc., is a New York City-based multinational property and casualty insurance company. Operating through its subsidiaries, its operations are divided into three segments: Small Commercial Business insurance, Specialty Risk and Extended Warranty insurance, and Specialty Middle-Market Property and Casualty insurance. The company’s main regions of operations are North America, United Kingdom, and mainland Europe. AmTrust is listed on the NASDAQ Global Market under the ticker symbol AFSI and is rated “A” (Excellent) by AM Best Company. Barry Zyskind is the Chief Executive Officer.

AmTrust Financial Services was founded by brothers George Karfunkel and Michael Karfunkel in 1998.

AmTrust began trading on the NASDAQ Global Select Market on November 13, 2006.

In 2016 Barry Zyskind was appointed as Chairman in addition to existing roles as Chief Executive Officer, President and Chairman of Executive Committee.

In December 2014, he was listed by Forbes as the best performing CEO in the Insurance industry.

In 2005 Ronald (Ron) Pipoly was appointed as Chief Financial Officer.

In 2017 Adam Karkowsky was appointed as Chief Financial Officer.

Most of the company’s business is contracted through more than 20 insurance companies and subsidiaries throughout the world. The following are some of their US subsidiaries:

The company's foreign insurance subsidiaries include:

The Small Commercial Business segment of AmTrust provides worker’s compensation to small businesses which operate in low and medium hazard classes. Included in this class are restaurants, retail stores, physicians and other professional offices. They also offer commercial package and other property and casualty insurance products to small businesses.

This segment provides workers’ compensation, general liability, commercial auto liability, excess surplus lines insurance programs and other specialty commercial property and casualty insurance through managing general agents.

This segment is engaged in providing custom designed coverages. Included are accidental damage plans and payment protection plans sold in connection with the sale of consumer and commercial goods in the United States and Europe.

AmTrust Financial Services was ranked number 1,495 on the Forbes list of the 2000 World’s Biggest Public Companies in 2016 with a market capitalization of $4.6 billion.


News

AmTrust Financial Services, Inc. (financial)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2018 2019-03-14 Future report Set alerts
Q3 2018 2018-11-09 -0.58 -0.43
Q2 2018 2018-08-09 -0.55 -0.59
Q1 2018 2018-05-10 0.36 3.36
Q4 2017 2018-03-16 0.00 -1.50
Q3 2017 2017-11-08 -0.04 -0.89
Q2 2017 2017-08-08 0.40 0.03
Q1 2017 2017-05-08 0.32 0.13
Q4 2016 2017-02-27 0.38 0.41
Q3 2016 2016-11-03 0.73 0.47

Ratings

2016-06-29 Reiterated Rating FBR & Co. Buy
2016-06-29 Reiterated Rating FBR & Co Buy
2016-05-04 Reiterated Rating FBR & Co. Buy
2016-04-05 Reiterated Rating SunTrust Buy
2016-04-05 Reiterated Rating SunTrust Banks Inc. Buy
2016-02-14 Reiterated Rating FBR & Co. Outperform
2016-02-11 Lower Price Target Citigroup Inc. Buy $37.00 to $30.00
2016-02-11 Reiterated Rating Compass Point Buy $35.00 to $33.00
2016-02-05 Reiterated Rating Compass Point Buy $35.00
2016-02-04 Lower Price Target Keefe, Bruyette & Woods Outperform $78.00 to $39.00
2016-01-14 Initiated Coverage Citigroup Inc. Buy $37.00
2015-11-13 Upgrade Compass Point Neutral to Buy $35.00
2015-11-11 Reiterated Rating FBR & Co. Buy $38.00
2015-09-29 Reiterated Rating William Blair Outperform
2015-09-03 Reiterated Rating William Blair Outperform
2015-08-06 Boost Price Target Keefe, Bruyette & Woods Outperform $35.50 to $39.00
2015-08-05 Boost Price Target JMP Securities Market Outperform $36.00 to $37.50
2015-08-04 Downgrade Compass Point Buy to Neutral $35.00
2015-07-11 Reiterated Rating JMP Securities Buy
2015-07-10 Boost Price Target JMP Securities Market Outperform $32.50 to $36.00
2015-05-05 Boost Price Target Compass Point Buy $32.50 to $35.00
2015-04-20 Set Price Target FBR & Co. Buy $30.00 to $32.50
2015-03-17 Set Price Target Keefe, Bruyette & Woods Buy $32.00 to $34.00
2015-02-13 Boost Price Target Compass Point Buy $28.50 to $32.50
2015-02-12 Set Price Target JMP Securities Buy $30.00 to $31.00
2015-02-10 Initiated Coverage SunTrust Buy
2014-12-12 Boost Price Target Keefe, Bruyette & Woods Outperform $31.00 to $32.00
2014-11-17 Boost Price Target JMP Securities Market Outperform $27.50 to $30.00
2014-11-05 Upgrade Compass Point Neutral to Buy $26.00 to $28.50
2014-11-05 Reiterated Rating Keefe, Bruyette & Woods Outperform $30.00 to $31.00
2014-11-04 Reiterated Rating JMP Securities Market Outperform $25.00 to $27.50
2014-10-29 Downgrade Compass Point Buy to Neutral $26.00
2014-10-16 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $24.00 to $30.00
2014-08-11 Reiterated FBR Capital Outperform $50 to $56
2014-08-11 Boost Price Target FBR & Co. Outperform $25.00 to $28.00
2014-08-08 Boost Price Target Compass Point Buy $24.50 to $26.00
2014-08-08 Boost Price Target JMP Securities $25.00
2014-08-08 Boost Price Target Keefe, Bruyette & Woods Market Perform $22.00 to $24.00
2014-05-02 Upgrade Compass Point Neutral to Buy $18.50 to $24.50
2014-05-02 Boost Price Target Guggenheim $33.50
2013-12-16 Lower Price Target Compass Point Neutral $41.00 to $36.00
2013-11-06 Boost Price Target Keefe, Bruyette & Woods Market Perform $38.00 to $43.00
2013-09-18 Initiated Coverage Guggenheim Buy
2013-09-18 Lower Price Target Compass Point Neutral $45.00 to $41.00
2013-07-23 Downgrade Compass Point Buy to Neutral $38 to $43
2013-06-28 Reiterated FBR Capital Outperform $39 to $46
2013-05-02 Upgrade Compass Point Neutral to Buy
2013-03-15 Initiated Compass Point Neutral $36
2013-02-04 Reiterated FBR Capital Outperform $32 to $39
2012-08-30 Reiterated FBR Capital Outperform $35 to $32
2012-05-14 Reiterated FBR Capital Outperform $32 to $35
2011-11-02 Reiterated JMP Securities Mkt Outperform $26 to $28
2011-10-24 Resumed FBR Capital Outperform $26 to $32
2011-07-11 Reiterated Wunderlich Buy $23 to $27
2011-02-16 Reiterated Wunderlich Buy $20 to $23
2010-11-04 Reiterated Wunderlich Buy $18 to $20
2010-04-16 Initiated Wunderlich Buy $18
2009-11-04 Reiterated FBR Capital Outperform $22 to $21
2009-05-06 Reiterated FBR Capital Markets Outperform $24 to $22
2009-02-19 Reiterated Friedman Billings Outperform $26 to $24
2008-03-25 Downgrade Keefe Bruyette Outperform to Mkt Perform $17
2016-06-29 Reiterated Rating FBR & Co. Buy
2016-06-29 Reiterated Rating FBR & Co Buy
2016-05-04 Reiterated Rating FBR & Co. Buy
2016-04-05 Reiterated Rating SunTrust Buy
2016-04-05 Reiterated Rating SunTrust Banks Inc. Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KARFUNKEL GEORGE 12.79%  (9671286) AFSI / KODK /
Zyskind Barry D President and CEO 3.89%  (2945113) AFSI / MHLD / NGHC /
LONGO CHRISTOPHER EVP, Chief Information Officer 0.87%  (655526) AFSI /
Saxon Michael J EVP, Chief Operating Officer 0.72%  (545118) AFSI /
Caviet Max G President of Subsidiary 0.56%  (420770) AFSI /
Pipoly Ronald E Jr EVP, Chief Financial Officer 0.44%  (332358) AFSI /
Ungar Stephen SVP, GC and Secretary 0.23%  (174604) AFSI /
SAKS DAVID EVP, Chief Legal Officer 0.18%  (135368) AFSI /
DeCarlo Donald T 0.15%  (114010) AFSI / NGHC /
Karkowsky Adam Senior Vice President 0.08%  (63728) AFSI /
Gulkowitz Abraham 0.07%  (56216) AFSI /
MILLER JAY J 0.07%  (49224) AFSI /
SCHLACHTER HARRY SVP, Treasurer 0.05%  (37188) AFSI /
Fisch Susan 0.04%  (31140) AFSI /
Gorelik Ariel SVP, Chief Information Officer 0.01%  (5977) AFSI /

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