Atlas Financial Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
December 03, 2020 at 05:03 pm EST
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Atlas Financial Holdings, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was USD 120.598 million compared to USD 191.378 million a year ago. Net loss was USD 20.426 million compared to USD 80.012 million 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. 
