Atlas Financial Holdings, Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2018. Net premiums earned was $55,359,000 against $54,049,000 for the same period of last year. Total revenue was $56,729,000 against $55,702,000 for the same period of last year. Income from operations before income tax expense was $7,079,000 against $8,479,000 for the same period of last year. Net income attributable to common shareholders was $5,576,000 against $5,510,000 for the same period of last year. Earnings per diluted share was $0.47 against $0.45 for the same period of last year. Adjusted operating income, before income taxes was $7,337,000 or $0.61 per share against $8,736,000 or $0.72 per share for the same period of last year. Return on equity was 23.8% compared to 16.2% a year ago. Return on average common equity was 23.8% compared to 16.3% a year ago.

Net premiums earned was $111,251,000 against $102,475,000 for the same period of last year. Total revenue was $113,914,000 against $105,519,000 for the same period of last year. Income from operations before income tax expense was $13,891,000 against $15,944,000 for the same period of last year. Net income attributable to common shareholders was $11,105,000 against $10,362,000 for the same period of last year. Earnings per diluted share was $0.92 against $0.85 for the same period of last year. Adjusted operating income, before income taxes was $13,755,000 or $1.14 per share against $16,221,000 or $1.33 per share for the same period of last year. Return on equity was 23.8% compared to 15.6% a year ago. Return on average common equity was 23.8% compared to 15.6% a year ago. Book value per common share was $8.06 as of June 30, 2018, compared to $7.42 as of December 31, 2017.

For the year 2018, the company reiterates that it expects to earn net earnings per share exceeding $2.00 and achieve return-on-equity of at least 20%.