Amtrust's Profits Slip as Premiums Climb

Amtrust Financial Services, Inc. has reported a net income of $72.6 million in the fourth quarter of 2015, down 13% from $83.5 million in the same period of 2014. The sliding profit came as the company logged an increase in its net written premium to $1.06 billion in the fourth quarter of 2015, compared to $898.47 million in the fourth quarter of the year prior, according to the company’s fourth quarter financials. Amtrust’s loss and loss adjustment expenses shot up in the fourth quarter to $720.8 million, compared with $587.5 million in the same period of 2014, which pushed up i...