National General Holdings Corp (NGHC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
59 MAIDEN LANE, 38TH FLOOR NEW YORK, NY 10038 |
| State of Incorp. | DE |
| 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 203 | 542 | 314 | 236 | 282 | 133 | |||
| Cash and cash equivalent | 136 | 194 | 292 | 220 | 282 | 133 | |||
| Short-term investments | 67 | 349 | 21 | 16 | |||||
| Total current assets: | 203 | 542 | 314 | 236 | 282 | 133 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 21 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 120 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 404 | 308 | 324 | 115 | 43 | 31 | |||
| Intangible assets, net (including goodwill) | 545 | 560 | 578 | 623 | 461 | 320 | |||
| Goodwill | 179 | 180 | 174 | 155 | 112 | 71 | |||
| Intangible assets, net (excluding goodwill) | 366 | 380 | 404 | 468 | 349 | 249 | |||
| Total noncurrent assets: | 1,090 | 868 | 902 | 738 | 504 | 350 | |||
| Other undisclosed assets | 8,463 | 8,029 | 7,224 | 6,271 | 4,777 | 3,957 | |||
| TOTAL ASSETS: | 9,757 | 9,439 | 8,440 | 7,245 | 5,563 | 4,440 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 86 | 110 | 76 | ||||||
| Total current liabilities: | 86 | 110 | 76 | ||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 7,139 | 7,238 | 6,486 | 5,233 | 3,916 | 3,290 | |||
| Total liabilities: | 7,139 | 7,238 | 6,486 | 5,319 | 4,027 | 3,367 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,649 | 2,221 | 1,929 | 1,894 | 1,514 | 1,060 | |||
| Preferred stock | 450 | 450 | 420 | 420 | 220 | 55 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 1,066 | 1,058 | 918 | 915 | 900 | 691 | |||
| Accumulated other comprehensive income (loss) | 75 | (52) | (8) | 13 | (19) | 20 | |||
| Retained earnings | 1,058 | 764 | 598 | 545 | 412 | 293 | |||
| Equity, attributable to noncontrolling interest | (32) | (20) | 25 | 32 | 23 | 14 | |||
| Total equity: | 2,617 | 2,201 | 1,953 | 1,926 | 1,537 | 1,073 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,757 | 9,439 | 8,440 | 7,245 | 5,563 | 4,440 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,180 | 4,608 | 4,431 | 3,550 | 2,511 | 1,862 | ||
| Premiums earned, net | 4,118 | 3,732 | ✕ | ✕ | ✕ | ✕ | ||
| Financial services revenue | ✕ | ✕ | ✕ | 4,274 | 3,420 | 2,403 | 1,817 | |
| Cost of revenue | (577) | (511) | (2,626) | (1,959) | (1,382) | (1,053) | ||
| Deferred policy acquisition costs, amortization expense | (577) | (511) | ||||||
| Financial services costs | ✕ | ✕ | ✕ | (2,626) | (1,959) | (1,382) | (1,053) | |
| Gross profit: | 4,602 | 4,097 | 1,805 | 1,592 | 1,130 | 809 | ||
| Operating expenses | (4,724) | (4,336) | (4,212) | (3,300) | (2,318) | (1,717) | ||
| Operating income (loss): | (121) | (238) | (2,407) | (1,708) | (1,188) | (908) | ||
| Nonoperating income | 1 | 4 | 24 | 71 | 49 | |||
| Investment income, nonoperating | 24 | 71 | 49 | |||||
| Gain, foreign currency transaction, before tax | 1 | 4 | ||||||
| Interest and debt expense | (52) | (51) | (47) | (40) | (29) | (18) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 576 | 506 | 2,626 | 1,934 | 1,310 | 1,004 | ||
| Income from continuing operations before equity method investments, income taxes: | 404 | 221 | 172 | 210 | 165 | 127 | ||
| Income (loss) from equity method investments | (9) | 25 | 11 | 1 | ||||
| Income from continuing operations before income taxes: | 404 | 221 | 163 | 236 | 175 | 129 | ||
| Income tax expense | (77) | (53) | (61) | (43) | (19) | (24) | ||
| Income from continuing operations: | 327 | 168 | 102 | 193 | 156 | 105 | ||
| Income before gain (loss) on sale of properties: | 317 | 168 | 102 | 193 | 156 | 105 | ||
| Loss from discontinued operations | (11) | |||||||
| Other undisclosed net income | 11 | |||||||
| Net income: | 327 | 168 | 102 | 193 | 156 | 105 | ||
| Net income (loss) attributable to noncontrolling interest | 21 | 40 | 4 | (21) | (14) | (3) | ||
| Net income attributable to parent: | 348 | 207 | 106 | 172 | 142 | 102 | ||
| Preferred stock dividends and other adjustments | (34) | (32) | (32) | (24) | (14) | (2) | ||
| Net income available to common stockholders, basic: | 314 | 175 | 74 | 148 | 128 | 100 | ||
| Dilutive securities, effect on basic earnings per share | 2 | 1 | ||||||
| Net income available to common stockholders, diluted: | 317 | 176 | 74 | 148 | 128 | 100 | ||
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 327 | 168 | 102 | 193 | 156 | 105 | ||
| Other comprehensive income (loss) | 135 | (49) | (23) | 34 | (44) | 13 | ||
| Comprehensive income: | 463 | 118 | 80 | 226 | 113 | 118 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 12 | 45 | 7 | (22) | (10) | (3) | ||
| Comprehensive income, net of tax, attributable to parent: | 475 | 163 | 86 | 204 | 103 | 115 | ||
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.