| Ownership Components of Total Equity |
The following table summarizes the ownership components of total equity for the nine months ended September 30, 2012: | | | | | | | | | | | | | | (Amounts in Thousands) | | AmTrust | | Non-Controlling Interests | | Total | Beginning Balance, January 1, 2012 | | $ | 890,563 |
| | $ | 69,098 |
| | $ | 959,661 |
| Net income | | 122,674 |
| | 3,079 |
| | 125,753 |
| Unrealized holding gains and reclassification | | 56,265 |
| | — |
| | 56,265 |
| Foreign currency translation | | 4,624 |
| | — |
| | 4,624 |
| Unrealized loss on interest rate swap | | (952 | ) | | — |
| | (952 | ) | Equity component of convertible senior notes, net of income tax and issue costs | | 3,306 |
| | — |
| | 3,306 |
| Capital contribution | | — |
| | 16,624 |
| | 16,624 |
| Acquisition of non-controlling interest | | 6,900 |
| | (6,900 | ) | | — |
| Dividends | | (18,200 | ) | | — |
| | (18,200 | ) | Share exercises and compensation, other | | 9,130 |
| | — |
| | 9,130 |
| Ending Balance, September 30, 2012 | | $ | 1,074,310 |
| | $ | 81,901 |
| | $ | 1,156,211 |
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