AmTrust Financial Services has reported net income of $50.1m for the second quarter of 2011 were, or $0.81 per share compared to $30.8m, or $0.51 per share, for the same quarter previuos year, an increase of 62.7%.
Total revenue of $322.0m for the second quarter of 2011, an increase of 30.6%, compared to $246.5m for the same quarter in 2010.
In the second quarter of 2011, the net earned premium were $248.3m, wth an increase of 26.5%, compared to $196.3m in the corresponding quarter of the 2010.
For the first six months of 2011, net income was $95.3m, up 37.1% from the first half of 2010. Earnings per diluted share totaled $1.55 in the first half of 2011, an increase of 34.8% from $1.15 in the same period last year.
AmTrust Financial Services, a New York-based multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile and general liability; extended service and warranty coverage.