v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Premium income:        
Net written premium $ 483,659 $ 321,903 $ 1,235,025 $ 931,603
Change in unearned premium (96,212) (33,055) (199,560) (194,135)
Net earned premium 387,447 288,848 1,035,465 737,468
Ceding commission - primarily related party 49,860 40,732 140,684 111,830
Service and fee income (related parties - three months $7,171; $4,189 and nine months 20,195 $; $12,089) 44,561 28,815 118,110 78,546
Net investment income 18,429 14,456 49,291 41,815
Net realized gain on investments 2,213 550 3,768 1,581
Total revenues 502,510 373,401 1,347,318 971,240
Expenses:        
Loss and loss adjustment expense 255,646 185,352 667,362 484,056
Acquisition costs and other underwriting expenses 143,736 113,270 397,474 284,084
Other 42,337 24,045 110,296 62,805
Total expenses 441,719 322,667 1,175,132 830,945
Income before other income (expense), income taxes and equity in earnings of unconsolidated subsidiary 60,791 50,734 172,186 140,295
Other income (expense):        
Interest expense (7,218) (3,946) (21,303) (12,034)
Foreign currency gain (loss) (951) (4,063) (2,985) (1,827)
Acquisition gain on purchase 0 5,850 0 5,850
Gain on investment in life settlement contracts net of profit commission 3,251 6,822 5,302 48,346
Total other income (expense) (4,918) 4,663 (18,986) 40,335
Income before income taxes and equity in earnings of unconsolidated subsidiary 55,873 55,397 153,200 180,630
Provision for income taxes 13,187 14,297 36,106 30,623
Income before equity in earnings of unconsolidated subsidiary 42,686 41,100 117,094 150,007
Equity in earnings (loss) of unconsolidated subsidiary - related party 3,207 (918) 8,659 3,415
Net income 45,893 40,182 125,753 153,422
Net income attributable to non-controlling interest of subsidiaries (2,663) (3,016) (3,079) (20,911)
Net income attributable to Am Trust Financial Services, Inc. 43,230 37,166 122,674 132,511
Earnings per common share:        
Basic earnings per share ( usd per share) $ 0.69 $ 0.60 $ 2.01 $ 2.19
Diluted earnings per share (usd per share) $ 0.66 $ 0.58 $ 1.93 $ 2.13
Dividends declared per common share (usd per share) $ 0.10 $ 0.09 $ 0.29 $ 0.25
Net realized gain on investments:        
Total other-than-temporary impairment loss 0 0 (1,208) (345)
Portion of loss recognized in other comprehensive income 0 0 0 0
Net impairment losses recognized in earnings 0 0 (1,208) (345)
Other net realized gain (loss) on investments 2,213 550 4,976 1,926
Net realized investment gain $ 2,213 $ 550 $ 3,768 $ 1,581