AmTrust Financial Services, Inc.
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AmTrust Financial Services, Inc. - overview
Established
1998
Location
New York, NY-New York, US
Primary Industry
Insurance
About
The company was founded in 1998 as a insurance provider focusing on property and casualty sector. In 2006, the company went public on the NASDAQ Global Select Market. In 2017, the company acquired AmeriHealth Casualty Insurance Company, and sold its shares in National General Holdings Corp. In 2018, the company merged with Evergreen Parent, L.
P. , a firm formed by PE frim Stone Point Capital LLC -- the company turned the company private again. In 2021, the company formed its first cyber insurance team. In 2023, the company announced its plan to expand its international warranty business.
Throughout the company's history, it went through a series of acquisitions, which include CNH Capital Insurance Agencies in 2012, Sagicor Europe, First Nonprofit Companies and Sequoia (a insurance company) in 2013, Tower Group in 2014, Warranty Solutions in 2015 and over 15 acquisitions after 2015. The company offers insurance to different industries, including Auto Repair, Contractors, Financial Institutions, Healthcare, Hospitality, Manufacturing, Nonprofit, Offices & Professional Services, Restaurants, Retail, Transportation, and Wholesale. The company offers services involved in insurance service -- claims, loss control, payments, audit -- VIP Program also provided.
Current Investors
Madison Dearborn Partners, Stone Point Capital, Enstar Group
Primary Industry
Insurance
Sub Industries
e-Financial, Commercial Insurance
Website
www.amtrustfinancial.com
Verticals
Artificial Intelligence, InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
AmTrust Financial Services, Inc. - financials
| Fiscal Year Ended | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 573,662,000 | 739,389,000 | 1,002,457,000 | 1,357,757,000 | 1,865,156,000 | 2,697,895,000 | 4,084,331,000 | - | - | - |
| % Revenue Growth (YoY) | - | 28.9% | 35.6% | 35.4% | 37.4% | 44.6% | 51.4% | - | - | - |
| EBITDA (USD) | 108,664,000 | 139,473,000 | 189,830,000 | 278,654,000 | 267,511,000 | 447,726,000 | 550,421,000 | - | - | - |
| Operating Income (USD) | 100,595,000 | 130,682,000 | 171,401,000 | 228,654,000 | 222,520,000 | 375,683,000 | 471,933,000 | - | - | - |
| Operating Margin | 17.5% | 17.7% | 17.1% | 16.8% | 11.9% | 13.9% | 11.6% | - | - | - |
| % EBITDA Margin | 18.9% | 18.9% | 18.9% | 20.5% | 14.3% | 16.6% | 13.5% | - | - | - |
| NET Income (USD) | 82,928,000 | 103,223,000 | 146,340,000 | 194,153,000 | 184,860,000 | 289,230,000 | 446,598,000 | - | - | - |
| % Net Margin | 14.5% | 14.0% | 14.6% | 14.3% | 9.9% | 10.7% | 10.9% | - | - | - |
AmTrust Financial Services, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | DUAL North America, Inc.'s Crisis Management Program and Underwriting Team | - | ||||||||
| Company Formation | Completed | ANV Group Holdings Ltd. | - | ||||||||
| Add-on | Completed | Contractor Managing General Insurance Agency, Inc. | - | ||||||||
| Add-on | Completed | DUAL North America, Inc. | - | ||||||||
| Series D | Completed | Servify | - |
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AmTrust Financial Services, Inc. - employee data
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