Meadowbrook Insurance Group Inc (MIG) Financial Statements (2024 and earlier)

Company Profile

Business Address 26600 TELEGRAPH RD
SOUTHFIELD, MI 48034
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 87,53194,776342,124
Cash and cash equivalents 87,53194,776342,124
Receivables 12,700  
Income taxes receivable20,5003,600
Total current assets: 100,231115,276345,724
Noncurrent Assets
Intangible assets, net (including goodwill) 28,74030,153149,305
Goodwill 6,8575,644121,041
Intangible assets, net (excluding goodwill) 21,88324,50928,264
Regulated entity, other noncurrent assets  625625,000,000
Total noncurrent assets: 28,74030,778625,149,305
Other undisclosed assets 2,550,8032,615,788(622,781,755)
TOTAL ASSETS: 2,679,7742,761,8422,713,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 2,222,1412,348,4292,154,995
Total liabilities: 2,222,1412,348,4292,154,995
Equity
Equity, attributable to parent, including: 457,633413,413558,279
Common stock 501499505
Additional paid in capital 277,192276,410272,472
Accumulated other comprehensive income 35,08016,31948,688
Retained earnings 145,543120,894237,351
Other undisclosed equity, attributable to parent (683)(709)(737)
Total equity: 457,633413,413558,279
TOTAL LIABILITIES AND EQUITY: 2,679,7742,761,8422,713,274

Income Statement (P&L) ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 742,525791,171996,763
Financial services revenue 686,444  
Cost of revenue (566,990)(549,037)(677,684)
Deferred policy acquisition costs, amortization expense (146,182)151,255(156,480)
Financial services costs (420,808)(549,037)(677,684)
Gross profit: 175,535242,134319,079
Operating expenses (37,288)(146,473)(31,796)
Operating income: 138,24795,661287,283
Nonoperating income
(Investment Income, Nonoperating)
 56,08154,242108,455
Interest and debt expense (13,899)(12,950)(8,429)
Other undisclosed loss from continuing operations before equity method investments, income taxes (151,296)(282,699)(386,056)
Income (loss) from continuing operations before equity method investments, income taxes: 29,133(145,746)1,253
Income (loss) from equity method investments 21(965)2
Income (loss) from continuing operations before income taxes: 29,154(146,711)1,255
Income tax expense (benefit) (4,106)30,9607,842
Income (loss) from continuing operations: 25,048(115,751)9,097
Income (loss) before gain (loss) on sale of properties: 25,048(115,751)9,097
Net income (loss): 25,048(115,751)9,097
Other undisclosed net income attributable to parent 3,6093,4412,652
Net income (loss) available to common stockholders, diluted: 28,657(112,310)11,749

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 25,048(115,751)9,097
Comprehensive income (loss): 25,048(115,751)9,097
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 22,370(28,928)(16,514)
Comprehensive income (loss), net of tax, attributable to parent: 47,418(144,679)(7,417)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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