v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investments:    
Fixed maturities, available-for-sale, at market value (amortized cost $1,773,571; $1,382,863) $ 1,825,759 $ 1,394,243
Equity securities, available-for-sale, at market value (cost $25,995; $34,041) 25,830 35,600
Short-term investments 33,134 128,565
Equity investment in unconsolidated subsidiaries - related parties 89,849 83,691
Other investments 15,103 14,588
Total investments 1,989,675 1,656,687
Cash and cash equivalents 357,760 406,847
Restricted cash and cash equivalents 45,333 23,104
Accrued interest and dividends 17,243 12,644
Premiums receivable, net 972,069 932,992
Reinsurance recoverable (related party $645,510; $597,525) 1,135,435 1,098,569
Prepaid reinsurance premium (related party $479,879; $429,124) 654,880 584,871
Prepaid expenses and other assets (recorded at fair value $151,092; $131,387) 306,000 292,849
Federal income tax receivable 18,329 13,024
Deferred policy acquisition costs 335,698 280,991
Property and equipment, net 70,308 61,553
Goodwill 178,647 147,654
Intangible assets 187,562 166,962
Total assets 6,268,939 5,678,747
Liabilities:    
Loss and loss expense reserves 2,066,455 1,879,175
Unearned premiums 1,537,174 1,366,170
Ceded reinsurance premiums payable (related party $253,550; $222,408) 324,465 337,508
Reinsurance payable on paid losses 9,075 14,731
Funds held under reinsurance treaties 39,187 49,249
Note payable on collateral loan - related party 167,975 167,975
Securities sold but not yet purchased, at market 56,978 55,942
Securities sold under agreements to repurchase, at contract value 231,919 191,718
Accrued expenses and other current liabilities (recorded at fair value $11,465; $12,022) 333,518 267,643
Deferred income taxes 131,612 108,775
Debt 298,047 279,600
Total liabilities 5,196,405 4,718,486
Commitments and contingencies      
Redeemable non-controlling interest 600 600
Stockholders' equity:    
Common stock, $.01 par value; 100,000 shares authorized, 85,262 and 84,906 issued in 2012 and 2011, respectively; 60,711 and 60,106 outstanding in 2012 and 2011, respectively 851 849
Preferred stock, $.01 par value; 10,000 shares authorized      
Additional paid-in capital 595,096 582,321
Treasury stock at cost; 24,551 and 24,800 shares in 2012 and 2011, respectively (297,102) (300,365)
Accumulated other comprehensive income (loss) 14,955 (9,999)
Retained earnings 685,689 617,757
Total AmTrust Financial Services, Inc. equity 999,489 890,563
Non-controlling interest 72,445 69,098
Total stockholders' equity 1,071,934 959,661
Liabilities and Equity, Total $ 6,268,939 $ 5,678,747