Atlas Financial Holdings, Inc. announced unaudited gross written premium results for the full year ended December 31, 2017. For the year, the company generated gross written premium of $276.0 million, an increase of 22.6% over the prior year.

After considering the potential residual effect of reserve strengthening, the company anticipates its reported loss & LAE ratio for the most current accident year to be in the range of 60%-62%. Based on preliminary unaudited financial results, after the effect of reserve strengthening as well as an approximate $0.55 per share DTA write down resulting from the Tax Cuts and Jobs Act (the TCJA) that was enacted in December of 2017, book value per share as of December 31, 2017 is expected to be between $7.25 - $8.00 and statutory surplus across Atlas' four insurance company subsidiaries is expected to be between $85 million- 90 million. Net loss for the full year 2017 was approximately $3.20 per share.

For the year of 2018, the company expects to write in excess of $300 million in premiums in 2018, which is a consistent rate of growth relative to last year, subject to market conditions. At that level of premium and expected use of the company's existing reinsurance programs, with a combined ratio in the mid-80s, it is reasonable to expect annual net earnings per share to exceed $2.00.