Meadowbrook Insurance Group Inc (MIG) Financial Statements (2023 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 millions)Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 88 | 95 | 342 | ||
| Cash and cash equivalents | 88 | 95 | 342 | ||
| Receivables | 13 | ||||
| Income taxes receivable | ✕ | 21 | 4 | ||
| Total current assets: | 100 | 115 | 346 | ||
| Noncurrent Assets | |||||
| Intangible assets, net (including goodwill) | 29 | 30 | 149 | ||
| Goodwill | 7 | 6 | 121 | ||
| Intangible assets, net (excluding goodwill) | 22 | 25 | 28 | ||
| Regulated entity, other noncurrent assets | 1 | 625,000 | |||
| Total noncurrent assets: | 29 | 31 | 625,149 | ||
| Other undisclosed assets | 2,551 | 2,616 | (622,782) | ||
| TOTAL ASSETS: | 2,680 | 2,762 | 2,713 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Noncurrent Liabilities | |||||
| Other undisclosed liabilities | 2,222 | 2,348 | 2,155 | ||
| Total liabilities: | 2,222 | 2,348 | 2,155 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 458 | 413 | 558 | ||
| Common stock | 1 | 0 | 1 | ||
| Additional paid in capital | 277 | 276 | 272 | ||
| Accumulated other comprehensive income | 35 | 16 | 49 | ||
| Retained earnings | 146 | 121 | 237 | ||
| Other undisclosed stockholders' equity attributable to parent | (1) | (1) | (1) | ||
| Total stockholders' equity: | 458 | 413 | 558 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,680 | 2,762 | 2,713 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 743 | 791 | 997 | |
| Financial services revenue | 686 | |||
| Cost of revenue | (567) | (549) | (678) | |
| Deferred policy acquisition costs, amortization expense | (146) | 151 | (156) | |
| Financial services costs | (421) | (549) | (678) | |
| Gross profit: | 176 | 242 | 319 | |
| Operating expenses | (37) | (146) | (32) | |
| Operating income: | 138 | 96 | 287 | |
| Nonoperating income (Investment Income, Nonoperating) | 56 | 54 | 108 | |
| Interest and debt expense | (14) | (13) | (8) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (151) | (283) | (386) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 29 | (146) | 1 | |
| Income (loss) from equity method investments | 0 | (1) | 0 | |
| Income (loss) from continuing operations before income taxes: | 29 | (147) | 1 | |
| Income tax expense (benefit) | (4) | 31 | 8 | |
| Net income (loss): | 25 | (116) | 9 | |
| Other undisclosed net income attributable to parent | 4 | 3 | 3 | |
| Net income (loss) available to common stockholders, diluted: | 29 | (112) | 12 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net income (loss): | 25 | (116) | 9 | |
| Comprehensive income (loss): | 25 | (116) | 9 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 22 | (29) | (17) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 47 | (145) | (7) | |
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.