AmTrust Financial Services Q3 Profit Rises

(RTTNews) - AmTrust Financial Services Inc. (AFSI), Monday reported third-quarter net income of $160.1 million or $1.97 per share, up from $58.2 million or $0.74 per share last year.

Operating earnings for the quarter rose to $1.70 per share from $0.83 per share last year.

Total revenues rose to $1.07 billion from $728.3 million last year. Net earned premiums rose to $914.4 million from $613.9 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.00 per share and revenues of $824.36 million for the qaurter. Analysts' estimates typically exclude special items.