Amtrust Financial Services Inc 7.50% Dep Shs Rep 1/40th Pfd Ser D Usd25 · OTC:AFFS

Amtrust Financial Services Inc 7.50% Dep Shs Rep 1/40th Pfd Ser D Usd25 — AmTrust Financial Services — Proxy Contest (May 2018)

5 slides from Amtrust Financial Services Inc 7.50% Dep Shs Rep 1/40th Pfd Ser D Usd25's proxy contest presentation, May 24, 2018

  1. Slide 1: AmTrust Financial Services Corrects Icahn's Inaccuracies

    May 24, 2018 CONSISTENT VISION DIFFERENTIATED MODEL SUSTAINABLE GROWTH AmTrust Financial Services Corrects Icahn’s Inaccuracies

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This presentation contains certain forward-looking statements that are intended to be covered by the safe harbors created by the Private Securities Litigation Reform Act of 1995. When we use words such as "anticipate," "intend," "plan," "believe," "estimate," "expect," or simil

  3. Slide 3: AmTrust Corrects Icahn's Inaccuracies: Icahn's valuation analysis is highly flawed

    $13.50 represents a 33% premium to AmTrust’s unaffected closing stock price(3) AmTrust Corrects Icahn’s Inaccuracies Icahn’s valuation analysis selectively includes only two levers with mistaken assumptions to advance his own self interests. Deutsche Bank, independent financial advisor to the Specia

  4. Slide 4: AmTrust Corrects Icahn's Inaccuracies (cont'd)

    AmTrust Corrects Icahn’s Inaccuracies (cont’d) Icahn wrongly asserts that AmTrust’s historical loss ratio, combined ratio and premium growth performance is sustainable and ignores AmTrust’s actual recent financial performance and business realities. AmTrust’s historical premium performance reflects

  5. Slide 5: Your vote is very important: Vote FOR the Merger Agreement

    Your vote is very important, regardless of the number of shares of common stock of the Company you own. If you fail to vote on the Merger Agreement, the effect will be the same as a vote against the adoption of the Merger Agreement. Vote FOR the Merger Agreement

AmTrust Financial Services — Proxy Contest (May 2018) on 6ix