v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Investments:    
Fixed maturities, available-for-sale, at market value (amortized cost $1,749,699; $1,382,863) $ 1,847,623 $ 1,394,243
Equity securities, available-for-sale, at market value (cost $20,202; $34,041) 18,318 35,600
Short-term investments 485 128,565
Equity investment in unconsolidated subsidiaries - related parties 94,889 83,691
Other investments 14,324 14,588
Total investments 1,975,639 1,656,687
Cash and cash equivalents 557,989 406,847
Restricted cash and cash equivalents 46,795 23,104
Accrued interest and dividends 15,220 12,644
Premiums receivable, net 1,038,495 932,992
Reinsurance recoverable (related party $721,406; $597,525) 1,218,180 1,098,569
Prepaid reinsurance premium (related party $492,214; $429,124) 687,171 584,871
Prepaid expenses and other assets (recorded at fair value $171,476; $131,387) 358,028 292,849
Federal income tax receivable 29,046 13,024
Deferred policy acquisition costs 349,647 280,991
Property and equipment, net 72,711 61,553
Goodwill 190,725 147,654
Intangible assets 226,388 166,962
Total assets 6,766,034 5,678,747
Liabilities:    
Loss and loss expense reserves 2,247,118 1,879,175
Unearned premiums 1,709,185 1,366,170
Ceded reinsurance premiums payable (related party $232,466; $222,408) 324,272 337,508
Reinsurance payable on paid losses 11,088 14,731
Funds held under reinsurance treaties 38,318 49,249
Note payable on collateral loan - related party 167,975 167,975
Securities sold but not yet purchased, at market 57,198 55,942
Securities sold under agreements to repurchase, at contract value 226,098 191,718
Accrued expenses and other current liabilities (recorded at fair value $9,550; $12,022) 353,021 267,643
Deferred income taxes 173,440 108,775
Debt 301,510 279,600
Total liabilities 5,609,223 4,718,486
Commitments and contingencies      
Redeemable non-controlling interest 600 600
Stockholders' equity:    
Common stock, $.01 par value; 100,000 shares authorized, 91,638 and 84,906 issued in 2012 and 2011, respectively; 67,086 and 60,106 outstanding in 2012 and 2011, respectively 912 849
Preferred stock, $.01 par value; 10,000 shares authorized 0 0
Additional paid-in capital 756,814 582,321
Treasury stock at cost; 24,552 and 24,800 shares in 2012 and 2011, respectively (296,415) (300,365)
Accumulated other comprehensive income (loss) 49,938 (9,999)
Retained earnings 563,061 617,757
Total AmTrust Financial Services, Inc. equity 1,074,310 890,563
Non-controlling interest 81,901 69,098
Total stockholders' equity 1,156,211 959,661
Liabilities and Equity, Total $ 6,766,034 $ 5,678,747