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Amerinst Insurance Group Ltd  (AIGT)
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Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 1
 Employees 22
 Revenues (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Amerinst Insurance Group Ltd

AmerInst Insurance Group, Ltd., a Bermuda holding company, was formed in 1998. Our mission is to be a company that provides insurance protection for professional service firms and engages in investment activities. AmerInst has two operating segments: (1) reinsurance activity, which includes investments and other related activities, and (2) insurance activity, which offers professional liability solutions to professional service firms.



On September 25, 2009, APSL entered into an agency agreement (the “Agency Agreement”) with The North River Insurance Company, United States Fire Insurance Company, Crum & Forster Indemnity Company, Crum and Forster Insurance Company, and Crum & Forster Specialty Insurance Company (collectively, “C&F”) pursuant to which C&F appointed APSL as its exclusive agent for the purposes of soliciting, underwriting, quoting, binding, issuing, cancelling, non-renewing and endorsing accountants’ professional liability and lawyers’ professional liability insurance coverage in all 50 states of the United States and the District of Columbia. The initial term of the Agency Agreement was for four years with automatic one-year renewals thereafter. The Agency Agreement automatically renewed on September 25, 2015.



We conduct our reinsurance business through AMIC Ltd., our subsidiary, which is a registered insurer in Bermuda. On September 25, 2009, AMIC Ltd. entered into a professional liability quota share agreement with C&F (the “Reinsurance Agreement”) pursuant to which C&F agreed to cede, and AMIC Ltd. agreed to accept as reinsurance, a 50% quota share of C&F’s liability under insurance written by APSL on behalf of C&F and classified by C&F as accountants’ professional liability and lawyers’ professional liability, subject to AMIC Ltd.’s surplus limitations. The term of the Reinsurance Agreement is continuous and may be terminated by either party upon at least 120 days’ prior written notice.


Historically, the primary business activity of our wholly owned insurance subsidiary, AMIC Ltd., had been to act as a reinsurer of professional liability insurance policies that were issued under the Professional Liability Insurance Plan sponsored by the American Institute of Certified Public Accountants (“AICPA”). The AICPA plan offers professional liability coverage to accounting firms and individual CPAs in all 50 states.

Our reinsurance activity depends upon agreements with outside parties. AMIG, our predecessor entity, began our reinsurance relationship with CNA Financial Corporation (“CNA”) in 1993.



   Company Address: 25 Church Street, Continental Building Hamilton 0
   Company Phone Number: 295-2185   Stock Exchange / Ticker: AIGT
   AIGT is expected to report next financial results on March 30, 2024.


Customers Net Income grew by AIGT's Customers Net Profit Margin grew to

24.57 %

21.26 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACGL        0.53% 
AIG   -0.72%    
BRKA   -0.72%    
EG        1.18% 
L        1% 
MKL        0.74% 
• View Complete Report
   



Amerinst Insurance Group Ltd

Amerinst Insurance Group Ltd Reports Impressive Revenue Growth, Despite Challenges in Operations

Amerinst Insurance Group Ltd, a prominent player in the insurance industry, recently released its financial results for the fiscal period of July to September 2023. The company reported a significant increase in its per share shortfall compared to the previous year, indicating some challenges in its operations. AIGT saw a shortfall per share of $-1.18, higher than the $-0.71 reported a year prior, and a growth in shortfall from $-0.90 in the preceding reporting period.
Despite the concerning shortfall, Amerinst Insurance Group Ltd experienced substantial revenue growth during this period. The company's revenue rose by an impressive 16.498% to $0.57 million, compared to $0.49 million in the same reporting period a year ago. Sequentially, the revenue advanced by 12.233% from $0.51 million, showcasing a consistent upward trend.

Amerinst Insurance Group Ltd

Exhilarating Q2 2023 Performance Defines Amerinst Insurance Group Ltd Despite Deepened Shortfall per Share

The stock market has always been a subject of great interest and intrigue for investors and financial enthusiasts alike. It offers countless opportunities for those who are willing to take calculated risks and make informed decisions. Today, we will discuss the recent performance of Amerinst Insurance Group Ltd, a prominent player in the Property & Casualty Insurance sector.
For the April to June 30, 2023 period, Amerinst Insurance Group Ltd experienced some ups and downs. While the company witnessed an increase in the shortfall per share compared to the previous year, it is essential to look at the bigger picture and consider the overall trajectory. Despite the increased shortfall, Amerinst Insurance Group Ltd still fared better than the prior reporting period, showing signs of progress and growth. This indicates that the company is actively working towards resolving any challenges it may face and striving towards improved financial outcomes.

Amerinst Insurance Group Ltd

Amerinst Insurance Group Ltd Faces Significant Shortfall Due to Weak Sales in the Financial First Quarter of 2023

Amerinst Insurance Group Ltd, a Property & Casualty Insurance company, has not recorded impressive financial results in the 12 months leading up to the first quarter of 2023. The company accumulated a net loss of $-2 million during this period, resulting in a negative ROE of -96.35%. This implies that the company has not generated any returns for its shareholders during this time.
Unfortunately, Amerinst Insurance Group Ltd did not fare well compared to other companies in the same industry, as 55 other companies had a higher return on equity. This may suggest the company's strategies and efforts might not be as effective as its competitors.






 

Amerinst Insurance Group Ltd's Segments
 
 
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