The Online Investor
AFSI Buyback image

AmTrust Financial Services, Inc. Buyback

OLI recorded this information on 5/11/2016

Company: AmTrust Financial Services, Inc.
Buyback: AFSI buyback
$Amount Authorized: $150,000,000
Buyback Details: AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company") announced today that, in connection with the Company's amendment to its credit facility, the Company's Board of Directors approved the repurchase of an additional $150 million of the Company's outstanding common stock. This authorization augments the Company's existing stock repurchase authorization approved by the Company's Board of Directors in December 2013. The number, price, structure and timing of the repurchases, if any, will be at the Company's sole discretion and repurchases will be evaluated by the Company depending on market conditions, liquidity needs and other factors. Further, the purchases will be subject to applicable securities laws and regulations, including Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Board of Directors may suspend, modify or terminate the repurchase program at any time without prior notice. Under this repurchase program, the Company is not obligated to repurchase any particular number of shares.

AmTrust Financial Services, through its subsidiaries, underwrites and provides property and casualty insurance products to several customer groups that are underserved within the insurance market. Co. operating segments are: Small Commercial Business, which provides workers' compensation insurance; Specialty Risk and Extended Warranty, which provides custom designed coverages, such as accidental damage plans, mechanical breakdown protection and payment protection plans; and Specialty Program, which provides workers' compensation, general liability, commercial auto liability, property coverage, excess and surplus lines programs and other specialty commercial property and casualty insurance.


Open the AFSI Page at The Online Investor »

Company Name: 
AmTrust Financial Services Inc
Stock buyback: 
AFSI buyback
Insurance Brokers

Open the AFSI Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree AFSI Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (3.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

AFSI Buyback Page |

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.