AMERICAN SAFETY INSURANCE HOLDINGS LTD (ASI) [Rocket]

Overview

AMERICAN SAFETY INSURANCE HOLDINGS LTD (ASI)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/10/2014	SC 13G/A	DIMENSIONAL FUND ADVISORS LP reports a 0% stake in AMERICAN SAFETY INS HOLDINGS
10/15/2013	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]
10/04/2013	POS AM	Form POS AM - Post-Effective amendments for registration statement
10/04/2013	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/04/2013	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/04/2013	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/03/2013	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05
Revenues	297.1	278.5	239.3	204.7	192.3	181.0	171.4	156.1
Revenue growth	6.7%	16.4%	16.9%	6.5%	6.3%	5.6%	9.8%	-27.3%
Cost of goods sold	279.3	265.1	208.2	176.1	147.3	17.3	27.4	28.8
Gross profit	17.8	13.4	31.1	28.6	45.0	163.7	144.1	127.4
Gross margin	6.0%	4.8%	13.0%	14.0%	23.4%	90.5%	84.0%	81.6%
Selling, general and administrative					43.5	136.0	0.0	0.0
General and administrative	3.8	2.7	3.3	3.4			0.0	0.0
EBITA	10.1	3.9	31.6	28.4	45.0	56.6	171.4	156.1
EBITA margin	3.4%	1.4%	13.2%	13.9%	23.4%	31.3%	100.0%	100.0%
Amortization of intangibles	0.5
EBIT	9.6	3.9	31.6	28.4	45.0	56.6	171.4	156.1
EBIT margin	3.2%	1.4%	13.2%	13.9%	23.4%	31.3%	100.0%	100.0%
Pre-tax income	13.9	10.7	27.9	25.2	1.5	27.7	22.8	16.0
Income taxes	0.8	-3.4	-2.1	0.5	0.0	0.7	2.3	1.4
Tax rate	6.0%			2.1%	2.1%	2.7%	10.1%	8.7%
Net income	11.8	10.8	30.5	24.3	0.0	26.9	20.5	14.7
Net margin	4.0%	3.9%	12.7%	11.9%	0.0%	14.9%	12.0%	9.4%

Diluted EPS	$1.14	$1.01	$2.87	$2.30	$0.00	$2.45	$2.26	$2.05
Shares outstanding (diluted)	10.4	10.7	10.6	10.6	10,685.9	11.0	9.1	7.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.