National General Holdings Corp (NGHC) financial statements (2021 and earlier)

Company profile

Business Address 59 MAIDEN LANE, 38TH FLOOR
NEW YORK, NY 10038
State of Incorp. DE
Fiscal Year End December 31
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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments854699514381203593414
Cash and cash equivalents663188297310136199212
Short-term investments1915112167167394203
Total current assets:854699514381203593414
Noncurrent Assets
Finance lease, right-of-use asset    212222
Operating lease, right-of-use asset111   120113106
Property, plant and equipment 383389398404404406
Intangible assets, net (including goodwill)520525530537545574552
Goodwill179179179179179182183
Intangible assets, net (excluding goodwill)341346351358366392369
Total noncurrent assets:6319089199351,0901,1121,086
Other undisclosed assets8,6438,6178,5858,5458,4638,3698,166
TOTAL ASSETS:10,12810,22410,0189,8619,75710,0749,667
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,9127,1397,0387,1897,1397,5427,206
Total liabilities:6,9127,1397,0387,1897,1397,5427,206
Stockholders' equity
Stockholders' equity attributable to parent3,2373,1042,9952,7062,6492,5602,479
Preferred stock450450450450450450450
Common stock1111111
Treasury stock, value(8)(8)(8)    
Additional paid in capital1,0771,0731,0691,0661,0661,0631,060
Accumulated other comprehensive income20319518744758060
Retained earnings1,5141,3931,2961,1441,058965908
Stockholders' equity attributable to noncontrolling interest(21)(18)(15)(34)(32)(28)(18)
Total stockholders' equity:3,2163,0862,9802,6712,6172,5322,461
TOTAL LIABILITIES AND EQUITY:10,12810,22410,0189,8619,75710,0749,667

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,4521,4431,3291,3281,3691,3081,270
Premiums earned, net 1,1791,0661,075 1,0541,031
Cost of revenue(159)(774)(600)(148)(167)(745)(716)
Policyholder benefits and claims incurred, net (774)(600)  (745)(716)
Deferred policy acquisition costs, amortization expense(159)  (148)(167)  
Gross profit:1,2936697291,1801,202563554
Operating expenses(1,290)(1,287)(1,092)(1,188)(1,236)(1,218)(1,157)
Operating income (loss):3(619)(364)(8)(34)(655)(603)
Nonoperating income    1  
Interest and debt expense1(11)(12)(12)(13)(13)(13)
Other undisclosed income from continuing operations before equity method investments, income taxes636   576  
Income (loss) from continuing operations before equity method investments, income taxes:640(630)(375)(20)531(668)(616)
Other undisclosed income (loss) from continuing operations before income taxes(477)774600148(411)745716
Income from continuing operations before income taxes:1631442251291207799
Income tax expense(30)(27)(51)(28)(16)(17)(22)
Income from continuing operations:1321171751011056077
Other undisclosed loss before gain (loss) on sale of properties    (11)  
Income before gain (loss) on sale of properties:132117175101946077
Other undisclosed net income    11  
Net income:1321171751011056077
Net income (loss) attributable to noncontrolling interest(11)   21  
Other undisclosed net income (loss) attributable to parent15(7)(8)0(18)111
Net income attributable to parent:1361101671011077178
Preferred stock dividends and other adjustments(9)(8)(9)(8)(9)(8)(9)
Net income available to common stockholders, basic:12710215893986369
Dilutive securities, effect on basic earnings per share    1 1
Other undisclosed net income available to common stockholders, diluted1 1    
Net income available to common stockholders, diluted:12810215993996370

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1321171751011056077
Other comprehensive income (loss)9(2)154(32)(7)2263
Comprehensive income:141115328689882141
Comprehensive income (loss), net of tax, attributable to noncontrolling interest33(19)2410(3)
Comprehensive income, net of tax, attributable to parent:1441183107010192137

Statements sources

The financial statements are based on the company's filings with the 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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