v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Premium income:    
Net written premium $ 359,777 $ 234,019
Change in unearned premium (45,753) (33,681)
Net earned premium 314,024 200,338
Ceding commission - primarily from related party 46,274 35,684
Service and fee income (related parties $6,092; $3,439) 40,538 25,189
Net investment income 14,518 14,192
Net realized gain (loss) on investments (1,148) 415
Total revenues 414,206 275,818
Expenses:    
Loss and loss adjustment expense 199,929 128,696
Acquisition costs and other underwriting expenses 124,025 81,234
Other 35,639 20,196
Total expenses 359,593 230,126
Income before income taxes and equity in earnings of unconsolidated subsidiaries 54,613 45,692
Other income (expenses):    
Interest expense (7,091) (3,754)
Foreign currency gain (loss) 421 (284)
Gain on investment in life settlement contracts net of profit commission 90 18,886
Total other income (expenses) (6,580) 14,848
Income before income taxes and equity in earnings of unconsolidated subsidiaries 48,033 60,540
Provision for income taxes 11,177 9,037
Income before equity in earnings of unconsolidated subsidiaries 36,856 51,503
Equity in earnings of unconsolidated subsidiaries - related party 2,364 1,819
Net income 39,220 51,321
Net income attributable to non-controlling interest of subsidiaries (134) (8,139)
Net income attributable to AmTrust Financial Services, Inc. 39,086 45,183
Earnings per common share:    
Basic earnings per share $ 0.65 $ 0.76
Diluted earnings per share $ 0.63 $ 0.74
Dividends declared per common share $ 0.09 $ 0.08
Net realized gain (loss) on investments:    
Total other-than-temporary impairment losses      
Portion of loss recognized in other comprehensive income      
Net impairment losses recognized in earnings      
Other net realized gain (loss) on investments (1,148) 415
Net realized investment gain (loss) $ (1,148) $ 415