AmTrust’s first quarter net income soared to $3.36 per share after booking a $724mn pre-tax gain on the partial sale of its US-based fee business, but the workers’ compensation insurer’s combined ratio slid into unprofitable territory.
AmTrust’s first quarter net income soared to $3.36 per share after booking a $724mn pre-tax gain on the partial sale of its US-based fee business, but the workers’ compensation insurer’s combined ratio slid into unprofitable territory.