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Atlas Financial reports 4Q loss

ELK GROVE VILLAGE, Ill. (AP) _ Atlas Financial Holdings Inc. (AFH) on Monday reported a fourth-quarter loss of $13.6 million, after reporting a profit in the same period a year earlier.

The Elk Grove Village, Illinois-based company said it had a loss of $1.13 per share. Losses, adjusted for non-recurring gains, came to $2.27 per share.

The insurance underwriter posted revenue of $46.3 million in the period.

For the year, the company reported profit of $2.4 million, or 19 cents per share. Revenue was reported as $177.6 million.

Atlas Financial shares have dropped 25 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.55, a drop of 23 percent in the last 12 months.


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


Keywords: Atlas Financial, Earnings Report