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Atlas Financial: 1Q Earnings Snapshot

SCHAUMBURG, Ill. (AP) _ Atlas Financial Holdings Inc. (AFH) on Monday reported first-quarter profit of $5.5 million.

On a per-share basis, the Schaumburg, Illinois-based company said it had net income of 45 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The insurance underwriter posted revenue of $57.2 million in the period.

Atlas Financial shares have decreased 47 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.85, a decline of 14 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFH at https://www.zacks.com/ap/AFH