Atlas Financial Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 05:21 pm EDT
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Atlas Financial Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 1.239 million compared to USD 1.278 million a year ago. Net income was USD 659,000 compared to net loss of USD 4.734 million a year ago. Basic earnings per share was USD 0.06 compared to basic loss per share of USD 0.4 a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.39 a year ago. For the half year, total revenue was USD 3.580 million compared to USD 3.484 million a year ago. Net loss was USD 1.891 million compared to USD 8.025 million a year ago. Basic loss per share was USD 0.16 compared to USD 0.67 a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.66 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. 
