Atlas Financial Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
January 19, 2021 at 08:57 am EST
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Atlas Financial Holdings, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 2.206 million compared to USD 43.392 million a year ago. Net loss was USD 3.291 million compared to USD 839,000 a year ago. Basic loss per share was USD 0.27 compared to USD 0.07 a year ago.
Atlas Financial Holdings, Inc. is a financial service holding company. The Companyâs primary business is generating, underwriting and servicing commercial automobile insurance policies in the United States. The Company focuses on a managing general agency (MGA) strategy, primarily through its wholly owned subsidiary, Anchor Group Management, Inc. (AGMI). AGMI focuses on a niche market orientation for the light commercial automobile sector. This sector includes taxi cabs, limousines, livery, full-time transportation network companies (TNC) drivers/operators, and other specialty commercial auto operators. Automobile insurance products provide insurance coverage in three major areas: liability, accident benefits and physical damage. The Company operates in one business segment: the Managing General Agency segment. The Companyâs subsidiaries include UBI Holdings Inc. (UBI Holdings), optOn Digital IP Inc. (OOIP) and optOn Insurance Agency Inc.
ATLAS FINANCIAL HOLDINGS, INC. 
