Meadowbrook Insurance Group Inc (MIG) financial statements (2021 and earlier)

Company profile

Business Address 26600 TELEGRAPH RD
SOUTHFIELD, MI 48034
State of Incorp. MI
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8895342
Cash and cash equivalents8895342
Receivables13  
Income taxes receivable214
Total current assets:100115346
Noncurrent Assets
Intangible assets, net (including goodwill)2930149
Goodwill76121
Intangible assets, net (excluding goodwill)222528
Regulated entity, other noncurrent assets 1625,000
Total noncurrent assets:2931625,149
Other undisclosed assets2,5512,616(622,782)
TOTAL ASSETS:2,6802,7622,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,2222,3482,155
Total liabilities:2,2222,3482,155
Stockholders' equity
Stockholders' equity attributable to parent, including:458413558
Common stock101
Additional paid in capital277276272
Accumulated other comprehensive income351649
Retained earnings146121237
Other undisclosed stockholders' equity attributable to parent(1)(1)(1)
Total stockholders' equity:458413558
TOTAL LIABILITIES AND EQUITY:2,6802,7622,713

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

12/31/2014
12/31/2013
12/31/2012
Revenues743791997
Financial services revenue686  
Cost of revenue(567)(549)(678)
Deferred policy acquisition costs, amortization expense(146)151(156)
Financial services costs(421)(549)(678)
Gross profit:176242319
Operating expenses(37)(146)(32)
Operating income:13896287
Nonoperating income
(Investment Income, Nonoperating)
5654108
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 investments0(1)0
Income (loss) from continuing operations before income taxes:29(147)1
Income tax expense (benefit)(4)318
Net income (loss):25(116)9
Other undisclosed net income attributable to parent433
Net income (loss) available to common stockholders, diluted:29(112)12

Comprehensive Income ($ in millions)

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 parent22(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 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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