AmTrust Financial Services Inc.'s (AFSI: Quote) fourth-quarter 2011 net income advanced to $37.9 million, or $0.61 per share from year-ago quarter's $33.6 million, or $0.56 per share.
Quarterly operating earnings were $40.7 million, or $0.66 per share, up from $34.5 million, or $0.57 per share last year. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.63 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue of $386.5 million increased 36.7%, from $282.7 million in the 2010 fourth quarter, whereas 3 analysts estimated revenues of $294.46 million for the quarter.
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by RTT Staff Writer
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