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
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments87,531106,08492,287111,37194,776103,433
Cash and cash equivalents87,531106,08492,287111,37194,776103,433
Receivables 12,700     
Income taxes receivable20,500 
Total current assets:100,231106,08492,287111,371115,276103,433
Noncurrent Assets
Intangible assets, net (including goodwill)28,74029,76828,15329,16630,15330,762
Goodwill6,8576,8575,6445,6445,6445,644
Intangible assets, net (excluding goodwill)21,88322,91122,50923,52224,50925,118
Regulated entity, other noncurrent assets     625625
Total noncurrent assets:28,74029,76828,15329,16630,77831,387
Other undisclosed assets2,550,8032,603,5812,614,4662,618,0572,615,7882,654,517
TOTAL ASSETS:2,679,7742,739,4332,734,9062,758,5942,761,8422,789,337
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,222,1412,291,3292,288,3792,326,8002,348,4292,362,539
Total liabilities:2,222,1412,291,3292,288,3792,326,8002,348,4292,362,539
Equity
Equity, attributable to parent, including:457,633448,104446,527431,794413,413426,798
Common stock501501501501499499
Additional paid in capital277,192277,007276,809276,616276,410276,220
Accumulated other comprehensive income35,08032,31034,90225,13116,31917,052
Retained earnings145,543138,976135,011130,248120,894133,742
Other undisclosed equity, attributable to parent(683)(690)(696)(702)(709)(715)
Total equity:457,633448,104446,527431,794413,413426,798
TOTAL LIABILITIES AND EQUITY:2,679,7742,739,4332,734,9062,758,5942,761,8422,789,337

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues177,956187,769187,928188,872196,652203,884
Financial services revenue164,684173,709173,466   
Cost of revenue(247,482)(106,658)(109,660)(103,190)(149,603)(132,247)
Financial services costs (106,658)(109,660)(103,190)(149,603)(132,247)
Gross profit:(69,526)81,11178,26885,68247,04971,637
Operating expenses(8,215)(9,949)(6,752)(9,834)(123,586)(7,026)
Operating income (loss):(77,741)71,16271,51675,848(76,537)64,611
Nonoperating income
(Investment Income, Nonoperating)
13,27214,06014,46214,28615,77912,370
Interest and debt expense(3,459)(3,506)(3,472)(3,462)(3,519)(3,581)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes74,388(77,259)(76,196)(74,765)36,954(68,660)
Income (loss) from continuing operations before equity method investments, income taxes:6,4604,4576,31011,907(27,323)4,740
Income (loss) from equity method investments32142(969)(32)
Income (loss) from continuing operations before income taxes:6,4634,4596,32411,909(28,292)4,708
Income tax expense (benefit)368(445)(1,183)(2,846)15,548(356)
Income (loss) from continuing operations:6,8314,0145,1419,063(12,744)4,352
Income (loss) before gain (loss) on sale of properties:6,8314,0145,1419,063(12,744)4,352
Net income (loss):6,8314,0145,1419,063(12,744)4,352
Other undisclosed net income attributable to parent7399536231,2938941,164
Net income (loss) available to common stockholders, diluted:7,5704,9675,76410,356(11,850)5,516

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income (loss):6,8314,0145,1419,063(12,744)4,352
Comprehensive income (loss):6,8314,0145,1419,063(12,744)4,352
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,509(1,639)10,39410,1051613,774
Comprehensive income (loss), net of tax, attributable to parent:10,3402,37515,53519,168(12,583)8,126

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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