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AmTrust Financial Services, the parent company of Warrantech, announced its second

quarter financial earnings results this week. Once again the company posted very strong
returns, both in top line revenue/premium growth as well as bottom-line profitability.

This is the first quarter in which the company has generated over $1 billion in gross
written premium during a single quarter. Of that amount, Specialty Risk and Extended
Warranty were responsible for accruing $448 million of gross written premium. This
performance speaks to the strong contribution that Warrantech not only makes to the
overall success of its parent company, but also to the diversification of the parent
company portfolio.

Warrantech depends upon the close relationships it maintains with its retailer/dealer
network to provide innovative extended service plans and warranty programs to a wide
array of customers. Subsequently, this impressive milestone is largely attributable to the
strength of our relationship with our retailer/dealer partners.

Second Quarter 2013 Financial Highlights

Gross written premium of $1.04 billion, up 63.2%, and net earned premium of $536.5
million, up 60.6% from the second quarter 2012

Operating diluted EPS of $0.86 compared to $0.66 in the second quarter 2012

Service and fee income of $88.1 million, up 166.9% from the second quarter 2012

Net income of $80.1 million compared to $40.4 million from the second quarter 2012

Combined ratio of 91.3% compared to 88.9% in the second quarter 2012

For more information about Warrantech free visit here:-
http://www.yelp.com/biz/warrantech-corporation-bedford

Article resource:-http://search.autonews.com/suppliers/warrantech.htm

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