Warrantech’s parent firm, AmTrust Financial Services, Inc. (AFSI) today announced second quarter 2016 net income as a result of common stockholders was $134.8 million, or $0.78 per diluted share, compared with $70.7 million, or $0.42 per diluted share, in the second quarter 2015.

For the second quarter 2016, running profits was in fact $140.3 million, or $0.81 per diluted share, when compared to $130.5 million, or $0.78 per diluted share, within the 2nd quarter of 2015. Annualized return on common equity was 21.1% with regard to the 2nd quarter of 2016 as compared to 14.3% for the second quarter of 2015. Second quarter 2016 annualized operating return on common equity was 21.9% as compared with 26.3% in the 2nd quarter 2015.

AmTrust Financial Services, Inc. (AFSI) at present declared continued growth of operating earnings and strong operating return on equity for the 1st quarter of 2016.

For the first quarter 2016, operating earnings were actually $136.6 million, or $0.77 per diluted stock, when compared to $121.4 million, or $0.73 per diluted share, within the first quarter of 2015. First quarter 2016 net profit because of frequent stockholders was $100.3 million, or $0.56 per diluted stock, compared to $154.7 million, or $0.93 per diluted stock, within the initial quarter 2015. Initial quarter 2016 annualized operating return on common equity had been 22.1% in comparison with 26.1% in the very first quarter 2015. Annualized return on common equity was 16.2% for the initial quarter of 2016 in comparison to 33.3% for the first quarter of 2015.

Is an extended warranty very important for used vehicles? This is usually a question you think of when you buy a used car. Before buying an extended warranty you ought to clear all of your current questions pertaining to extended warranties. There are lots of players available in the market but one that may clear your own questions when buying extended warranty on your vehicle is usually AMT Warranty.

AMT Warranty does a great job at comprehending as well as answering the requirements of companies within our target markets, so we offer you a variety of programs to offer those wants. In the world of extended service plans (ESPs), extended warranties, or even service and parts replacement programs, a lot of buyers are becoming immune to the regular practices familiar with promote most of these programs. The truth is, in the event your salesforce is still advertising the “what if” situation to today’s really qualified people, your store is definitely passing up on beneficial sales that guide drive high-margin progress along with sales revenue.

Yesterday at the Third Annual GWSCA Conference on Warranty and Service Contracts in Chicago, Illinois, Warrantech’s parent organization, AMT Warranty Corp, Inc., gained the award for “Innovation in Warranty” for the “Complete” program.

Complete is a complete protection plan program developed for Microsoft’s OEM as well as third-party devices offered with Microsoft’s many sales channels, including their brick and mortar store destinations, their own online store, distribution partners, and also resellers world-wide. In 2009, the whole program unveiled in a single Microsoft store. Today, AmTrust is definitely the exclusive provider of Microsoft Complete in 60 countries, with plans that cover Surface Pro, Surface Book, Surface Hub, Xbox, Band, HoloLens as well as third-party OEM PC items marketed by Microsoft.

Experienced leadership, powerful management, strong technology platforms, efficient operations, in addition to focused client management are among the essential capabilities driving the prosperity of AmTrust meant for Microsoft Complete.

AmTrust works carefully in addition to speedily to facilitate Full sales in all the territories where hardware is definitely being sold. In just eighteen months from original launch, these people presented Complete in sixty countries and also expanded the product offerings to include almost all Microsoft OEM products. They’ve formulated one of a kind mobile applications to market, sell as well as sign up smart phone insurance coverage together with Microsoft Mobile, earlier known as NOKIA.

The particular Global Warranty and Service Contract Association (GWSCA) assists the warranty and also service contract communities world-wide. Launched and also operated by industry experts who volunteer time and skills, GWSCA offers programs, resources along with services which develop as well as enhance the knowledge, capabilities along with performance of its constituency, both individuals in addition to companies. In this manner, GWSCA encourages and also promotes industry wide innovation and advancement towards excellence.

AMT Warranty, Inc. is actually a financial holding business with 27 insurance carriers operating worldwide and giving small business insurance, unique risk, in addition to warranty along with specialty risk solutions. All their insurance companies are generally “A” rated by A.M. Best. AmTrust is usually a publically traded firm trading within the symbol “AFSI” on NASDAQ.

AmTrust underwrote $6.8 billion within Gross Written Premium inside 2015 and contains assets well over $17 billion. They've already offices in more than 40 locations as well as work with more than fifty nations around the world. Inside 2014, AmTrust has been ranked 63rd in Fortune magazine’s Fastest Growing Businesses. Inside the same year, Forbes called AmTrust as one of the best run companies (insurance). Warranty Week, the top online authority in the warranty industry identified AmTrust as the most ‘warranty-centric’ firm.

Congratulations to AmTrust Financial about this remarkable fulfillment. To find out more regarding the corporation and their services, check out amtrustgroup.com.

AMT Warranty Corp/Warrantech is without a doubt a subsidiary of AmTrust Financial Services, Inc., 1 of the most powerful and most economically stable corporations on the market. AmTrust brings this financial toughness to Warrantech, that allows us to supply custom-made ideas in addition to benefits that many competition just can't provide.

Warrantech’s parent corporation, AMT Service Corp, Inc. (AFSI) today proclaimed 3rd quarter 2016 net income as a result of common stockholders had been $103.6 million, or $0.60 per diluted share, when compared to $182.7 million, or $1.09 per diluted share, inside the third quarter 2015.

“The quality of RVs generally has increased, yet there are many and more devices,” claimed Joe Suttera, Warrantech’s vice president of specialty items. “From a warranty point of view, there does exist far more danger than there ever has been relating to these units.”

The continued progress of the actual RV industry in 2017 is great news not just for the nation’s RV brands, aftermarket providers along with retail dealers, but also for the companies providing extended-service contracts to this growing wave of RV consumers.

The truth is, the particular extended-service-contract business is growing, firms told RVBusiness, due to this sustained boost in the sales of new in addition to used towable and also motorized RVs.

Certainly, the market is currently encountering its 8th successive year of growth, along with wholesale deliveries of new RVs expected to rise 4.4% inside 2017 to 438,000 units, in line with forecasts by Richard Curtin from the University of Michigan’s Consumer Survey Research Center.

That continuous flow of new- and used-vehicle sales creates large prospects for dealers to trade their customers extended-service agreements, the expense of which is generally included in the vehicle loan at the time of purchase.

Regardless of whether their RV is completely new as well as used, people wish to have comfort with the knowledge that unforeseen repairs is going to be protected while his or her vehicle’s warranty ends. Whilst manufacturers offer unique variations of warranties to pay stuff that may malfunction in the mechanical as well as living regions of an RV, warranties only last for specific intervals. Extended-service contracts are actually designed to extend warranty protections for additional amounts of time with varying levels of coverage and cost.

Extended-service contracts are also available to cover stuff that aren't normally included in factory warranties like roadside assistance, tire-and-wheel coverage and paint-and-fabric protection.

Millennials, in particular, are in tune with the most recent innovations inside technology and they want it to operate.

Extended-service contracts might cover these items right after the warranties expire to offer shoppers reassurance with their RV acquisitions, irrespective of whether they have got pre-owned or new automobiles.

Bill Gilman, senior v . p . of sales for Warrantech, and AMT Service Corp Financial Company operating out of Bedford, Texas, said there were a lot more “fit and fitness issues” with RVs back in 2007 when the RV market had been struggling through the Great Recession. The economic downturn forced a lot of RV makers bankrupt. Although while the quality of today’s RVs has significantly improved from 2007, Warrantech and other extended-service contract suppliers see an abundance of possible hazards to pay for.

“The quality of RVs on the whole has increased, but there are additional and much more gadgets,” claimed Joe Suttera, Warrantech’s vp of specialty products. “Now you’re covering 50-inch flat-screen TVs, full walk-in showers. From a warranty understanding, there is unquestionably a lot more danger than there ever has been in terms of these products.”

As one may well expect, businesses that provide extended-service contracts closely check their claims reports to enable them to price their contracts as required. They also monitor feedback from RV dealers as well as frequently possibly update their extended-service contracts to pay for new releases or perhaps develop fully innovative varieties of extended-service contracts for dealers to offer.

Extended-service contract organizations offer a number of educational programs and significantly sophisticated electronic applications to expedite contract sales as well as claims processing.

However the time to make the initial pitch to customers is within the F&I process when they’re buying their own used or new RVs. That’s when dealers come with an possiblity to educate clients to determine the variations among warranties along with extended-service contracts.

Warrantech Automotive, an AmTrust Group Co. Bedford, Texas

Sym‐Tech Dealer Services (the “Company” or “Sym‐Tech”) announced today that AmTrust Financial Services, Inc. (NASDAQ: AFSI), through its subsidiary AMT Warranty, has partnered with Sym‐Tech through a minority investment in the Company.

“We are very pleased that AMT Warranty chose to partner with Sym‐Tech,” said Brad Wells, CEO of Sym‐Tech Dealer Services. “AMT Warranty’s automotive expertise as well as their underwriting, OEM, insurance and reinsurance knowledge and experience will allow for an expanded offering of F&I products and services for clients in Canada.”

Extended warranty service plan is AMT Service Corp's program that provides customers with the highest level of coverage. They can be set up to protect new electronic products against most, if not all, potential malfunctions or failures, including those that are not covered by the product's original equipment manufacturer (OEM) warranty.

1. Allows customers to prepare for the unexpected and possibly avoid having to pay for any large, unforeseen repair bills.