v3.22.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Underwriting results and reconciliation from reportable segments and other's category net income (loss) to consolidated

The following tables summarize the underwriting results of our reportable segments and the reconciliation of our reportable segments' underwriting results to consolidated net income:

For the Three Months Ended March 31, 2022						Diversified Reinsurance						AmTrust Reinsurance												Total
Gross premiums written						$	4,736					$	(14,906)											$	(10,170)
Net premiums written						$	4,583					$	(14,906)											$	(10,323)
Net premiums earned						$	5,955					$	(4,833)											$	1,122
Other insurance revenue						51						—												51
Net loss and LAE						1,360						923												2,283
Commission and other acquisition expenses						(3,771)						1,243												(2,528)
General and administrative expenses						(2,098)						(485)												(2,583)
Underwriting income (loss)						$	1,497					$	(3,152)											(1,655)
Reconciliation to net loss
Net investment income and net realized and unrealized investment gains																								8,876
Interest and amortization expenses																								(4,832)
Foreign exchange and other gains, net																								3,949
Other general and administrative expenses																								(8,303)
Income tax expense																								(1,255)
Interest in income of equity method investments																								1,271
Net loss																								$	(1,949)

3. Segment Information (continued)

For the Three Months Ended March 31, 2021						Diversified Reinsurance						AmTrust Reinsurance												Total
Gross premiums written						$	72					$	(2,462)											$	(2,390)
Net premiums written						$	(234)					$	(2,462)											$	(2,696)
Net premiums earned						$	6,240					$	5,524											$	11,764
Other insurance revenue						269						—												269
Net loss and LAE						(1,415)						(944)												(2,359)
Commission and other acquisition expenses						(3,755)						(2,187)												(5,942)
General and administrative expenses						(1,574)						(603)												(2,177)
Underwriting (loss) income						$	(235)					$	1,790											1,555
Reconciliation to net income
Net investment income and net realized and unrealized investment gains																								17,942
Interest and amortization expenses																								(4,831)
Foreign exchange and other gains, net																								3,542
Other general and administrative expenses																								(11,820)
Income tax expense																								(49)
Interest in income from equity method investments																								2,947
Net income																								$	9,286

Reconciliation of assets from reportable segments to consolidated

The following tables summarize the financial position of the Company's reportable segments including the reconciliation to the Company's consolidated total assets at March 31, 2022 and December 31, 2021:

March 31, 2022						Diversified Reinsurance						AmTrust Reinsurance						Total
Total assets - reportable segments						$	126,905					$	1,686,992					$	1,813,897
Corporate assets						—						—						402,075
Total Assets						$	126,905					$	1,686,992					$	2,215,972
December 31, 2021						Diversified Reinsurance						AmTrust Reinsurance						Total
Total assets - reportable segments						$	126,116					$	1,810,940					$	1,937,056
Corporate assets						—						—						385,554
Total Assets						$	126,116					$	1,810,940					$	2,322,610

Net premiums by major line of business

The following tables set forth financial information relating to net premiums written by major line of business and reportable segment for the three months ended March 31, 2022 and 2021:

For the Three Months Ended March 31,						2022												2021
Net premiums written						Total						% of Total						Total						% of Total
Diversified Reinsurance
International						$	4,583					(44.4)		%				$	(244)					9.1		%
Other						—						—		%				10						(0.4)		%
Total Diversified Reinsurance						4,583						(44.4)		%				(234)						8.7		%
AmTrust Reinsurance
Small Commercial Business						(11,722)						113.5		%				(2,478)						91.9		%
Specialty Program						837						(8.1)		%				(25)						0.9		%
Specialty Risk and Extended Warranty						(4,021)						39.0		%				41						(1.5)		%
Total AmTrust Reinsurance						(14,906)						144.4		%				(2,462)						91.3		%
Total Net Premiums Written						$	(10,323)					100.0		%				$	(2,696)					100.0		%

The following tables set forth financial information relating to net premiums earned by major line of business and reportable segment for the three months ended March 31, 2022 and 2021:

For the Three Months Ended March 31,						2022												2021
Net premiums earned						Total						% of Total						Total						% of Total
Diversified Reinsurance
International						$	5,955					530.7		%				$	6,230					53.0		%
Other						—						—		%				10						0.1		%
Total Diversified Reinsurance						5,955						530.7		%				6,240						53.1		%
AmTrust Reinsurance
Small Commercial Business						(11,710)						(1,043.6)		%				(2,351)						(20.0)		%
Specialty Program						838						74.7		%				(18)						(0.2)		%
Specialty Risk and Extended Warranty						6,039						538.2		%				7,893						67.1		%
Total AmTrust Reinsurance						(4,833)						(430.7)		%				5,524						46.9		%
Total Net Premiums Earned						$	1,122					100.0		%				$	11,764					100.0		%

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- Definition

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