Atlas Financial Holdings, Inc. provided unaudited preliminary earnings guidance for the fourth quarter and year ended December 31, 2016. Net income will be approximately $17 million for the fourth quarter and year ended December 31, 2016. The company performed a comprehensive review of its reserves as a result of changing loss payment trends identified through year-end actuarial work, and ultimately decided that it was appropriate to strengthen reserves at this time. Gross written premium generated by the company for the full year ended December 31, 2016 grew year over year by 7.6% to $225.1 million, of which Michigan business represented $9 million of the full year premium. Based on preliminary unaudited financial results, the company anticipates book value to be in the range of $10.35 to $10.55 per common share diluted as at December 31, 2016, as compared to $10.15 at December 31, 2015, which includes modest income for the year after this reserve adjustment.