| Ownership Components of Total Equity |
The following table summarizes the ownership components of total
equity for the six months ended June 30, 2012:
|
(Amounts in Thousands)
|
|
AmTrust
|
|
|
Non-Controlling
Interests |
|
|
Total
|
|
| Beginning Balance, January 1, 2012 |
|
$ |
890,563 |
|
|
$ |
69,098 |
|
|
$ |
959,661 |
|
| Net income |
|
|
79,444 |
|
|
|
416 |
|
|
|
79,860 |
|
| Unrealized holding
gains and reclassification |
|
|
28,441 |
|
|
|
— |
|
|
|
28,441 |
|
| Foreign currency translation |
|
|
(2,860 |
) |
|
|
— |
|
|
|
(2,860 |
) |
| Unrealized loss on interest rate
swap |
|
|
(627 |
) |
|
|
— |
|
|
|
(627 |
) |
| Equity
component of convertible senior notes, net of income tax and issue
costs |
|
|
3,306 |
|
|
|
— |
|
|
|
3,306 |
|
| Capital contribution |
|
|
— |
|
|
|
9,831 |
|
|
|
9,831 |
|
| Acquisition of non-controlling interest |
|
|
6,900 |
|
|
|
(6,900 |
) |
|
|
— |
|
| Dividends |
|
|
(11,512 |
) |
|
|
— |
|
|
|
(11,512 |
) |
| Share exercises
and compensation, other |
|
|
5,834 |
|
|
|
— |
|
|
|
5,834 |
|
| Ending Balance, June 30,
2012 |
|
$ |
999,489 |
|
|
$ |
72,445 |
|
|
$ |
1,071,934 |
|
|