AmTrust Financial Services Inc Pref Series A
AmTrust Financial Services, Inc. operates as a specialty property and casualty insurance provider, offering insurance protection, warranty programs, risk management, and related services. The company provides insurance products and services including general liability, product liability, commercial property and casualty insurance, workers' compensation, surety bond products, legal expense coverag… Read more
AmTrust Financial Services Inc Pref Series A (AFSIA) - Net Assets
Latest net assets as of September 2018: $3.46 Billion USD
Based on the latest financial reports, AmTrust Financial Services Inc Pref Series A (AFSIA) has net assets worth $3.46 Billion USD as of September 2018.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.69 Billion) and total liabilities ($22.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.46 Billion |
| % of Total Assets | 13.47% |
| Annual Growth Rate | 29.34% |
| 5-Year Change | 112.17% |
| 10-Year Change | 758.04% |
| Growth Volatility | 52.29 |
AmTrust Financial Services Inc Pref Series A - Net Assets Trend (2004–2017)
This chart illustrates how AmTrust Financial Services Inc Pref Series A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AmTrust Financial Services Inc Pref Series A (2004–2017)
The table below shows the annual net assets of AmTrust Financial Services Inc Pref Series A from 2004 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-12-31 | $3.37 Billion | -8.82% |
| 2016-12-31 | $3.69 Billion | +19.61% |
| 2015-12-31 | $3.09 Billion | +40.63% |
| 2014-12-31 | $2.20 Billion | +38.34% |
| 2013-12-31 | $1.59 Billion | +38.75% |
| 2012-12-31 | $1.14 Billion | +28.47% |
| 2011-12-31 | $890.56 Million | +24.29% |
| 2010-12-31 | $716.51 Million | +25.84% |
| 2009-12-31 | $569.39 Million | +45.05% |
| 2008-12-31 | $392.55 Million | -4.01% |
| 2007-12-31 | $408.93 Million | +12.35% |
| 2006-12-31 | $363.97 Million | +207.38% |
| 2005-12-31 | $118.41 Million | -0.35% |
| 2004-12-31 | $118.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AmTrust Financial Services Inc Pref Series A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 86085400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2017)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $860.85 Million | 26.99% |
| Common Stock | $2.11 Million | 0.07% |
| Other Comprehensive Income | $15.52 Million | 0.49% |
| Other Components | $2.31 Billion | 72.46% |
| Total Equity | $3.19 Billion | 100.00% |
AmTrust Financial Services Inc Pref Series A Competitors by Market Cap
The table below lists competitors of AmTrust Financial Services Inc Pref Series A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nyocor Co Ltd
SHG:600821
|
$1.69 Billion |
|
Magazine Luiza S.A
PINK:MGLUY
|
$1.69 Billion |
|
Top Choice Medical Investment Co Inc
SHG:600763
|
$1.69 Billion |
|
Vivendi SE
PINK:VVVNF
|
$1.69 Billion |
|
Aditya Birla Sun Life AMC Limited
NSE:ABSLAMC
|
$1.69 Billion |
|
Innospec Inc
NASDAQ:IOSP
|
$1.69 Billion |
|
Boxer Retail Ltd
JSE:BOX
|
$1.69 Billion |
|
Guangdong Advertising Co Ltd
SHE:002400
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AmTrust Financial Services Inc Pref Series A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from 3,497,614,000 to 3,189,803,000, a change of -307,811,000 (-8.8%).
- Net loss of 348,889,000 reduced equity.
- Dividend payments of 190,985,000 reduced retained earnings.
- Share repurchases of 52,855,000 reduced equity.
- Other comprehensive income increased equity by 141,238,000.
- Other factors increased equity by 143,680,000.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-348.89 Million | -10.94% |
| Dividends Paid | $190.99 Million | -5.99% |
| Share Repurchases | $52.85 Million | -1.66% |
| Other Comprehensive Income | $141.24 Million | +4.43% |
| Other Changes | $143.68 Million | +4.5% |
| Total Change | $- | -8.80% |
Book Value vs Market Value Analysis
This analysis compares AmTrust Financial Services Inc Pref Series A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $130.28 | $13.70 | x |
| 2002-12-31 | $513.93 | $13.70 | x |
| 2003-12-31 | $640.19 | $13.70 | x |
| 2004-12-31 | $772.56 | $13.70 | x |
| 2005-12-31 | $769.85 | $13.70 | x |
| 2006-12-31 | $2213.63 | $13.70 | x |
| 2007-12-31 | $2538.11 | $13.70 | x |
| 2008-12-31 | $2552.16 | $13.70 | x |
| 2009-12-31 | $3701.92 | $13.70 | x |
| 2010-12-31 | $4658.44 | $13.70 | x |
| 2011-12-31 | $5790.02 | $13.70 | x |
| 2012-12-31 | $7438.53 | $13.70 | x |
| 2013-12-31 | $9294.50 | $13.70 | x |
| 2014-12-31 | $12808.69 | $13.70 | x |
| 2015-12-31 | $17.30 | $13.70 | x |
| 2016-12-31 | $20.04 | $13.70 | x |
| 2017-12-31 | $17.15 | $13.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AmTrust Financial Services Inc Pref Series A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.00%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 7.91x
- Recent ROE (-10.94%) is below the historical average (14.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 8.62% | 13.15% | 0.29x | 2.25x | $-276.90K |
| 2002 | 2.74% | 10.92% | 0.06x | 3.87x | $-5.74 Million |
| 2003 | 1.41% | 2.69% | 0.15x | 3.47x | $-8.45 Million |
| 2004 | 11.87% | 9.41% | 0.30x | 4.19x | $2.23 Million |
| 2005 | 31.72% | 15.61% | 0.39x | 5.18x | $25.72 Million |
| 2006 | 14.35% | 12.72% | 0.32x | 3.48x | $14.81 Million |
| 2007 | 23.09% | 15.62% | 0.25x | 5.95x | $51.10 Million |
| 2008 | 21.13% | 14.38% | 0.19x | 7.94x | $43.67 Million |
| 2009 | 18.13% | 13.91% | 0.22x | 5.99x | $46.28 Million |
| 2010 | 19.88% | 14.04% | 0.24x | 5.84x | $70.81 Million |
| 2011 | 19.14% | 13.65% | 0.22x | 6.38x | $81.38 Million |
| 2012 | 15.56% | 9.54% | 0.25x | 6.49x | $63.57 Million |
| 2013 | 19.47% | 10.47% | 0.24x | 7.77x | $137.26 Million |
| 2014 | 21.94% | 10.79% | 0.30x | 6.80x | $243.31 Million |
| 2015 | 17.29% | 10.65% | 0.28x | 5.88x | $212.38 Million |
| 2016 | 13.23% | 8.46% | 0.24x | 6.53x | $113.09 Million |
| 2017 | -10.94% | -6.00% | 0.23x | 7.91x | $-667.87 Million |
Industry Comparison
This section compares AmTrust Financial Services Inc Pref Series A's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $4,373,586,000
- Average return on equity (ROE) among peers: 16.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $3.46 Billion | 8.62% | 6.43x | $1.69 Billion |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |