National General Holdings Corp (NGHC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203542314236282133
Cash and cash equivalents136194292220282133
Short-term investments673492116  
Total current assets:203542314236282133
Noncurrent Assets
Finance lease, right-of-use asset21
Operating lease, right-of-use asset120
Property, plant and equipment4043083241154331
Intangible assets, net (including goodwill)545560578623461320
Goodwill17918017415511271
Intangible assets, net (excluding goodwill)366380404468349249
Total noncurrent assets:1,090868902738504350
Other undisclosed assets8,4638,0297,2246,2714,7773,957
TOTAL ASSETS:9,7579,4398,4407,2455,5634,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   8611076
Total current liabilities:   8611076
Noncurrent Liabilities
Other undisclosed liabilities7,1397,2386,4865,2333,9163,290
Total liabilities:7,1397,2386,4865,3194,0273,367
Stockholders' equity
Stockholders' equity attributable to parent2,6492,2211,9291,8941,5141,060
Preferred stock45045042042022055
Common stock111111
Additional paid in capital1,0661,058918915900691
Accumulated other comprehensive income (loss)75(52)(8)13(19)20
Retained earnings1,058764598545412293
Stockholders' equity attributable to noncontrolling interest(32)(20)25322314
Total stockholders' equity:2,6172,2011,9531,9261,5371,073
TOTAL LIABILITIES AND EQUITY:9,7579,4398,4407,2455,5634,440

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,1804,6084,4313,5502,5111,862
Premiums earned, net4,1183,732
Financial services revenue4,2743,4202,4031,817
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:4,6024,0971,8051,5921,130809
Operating expenses(4,724)(4,336)(4,212)(3,300)(2,318)(1,717)
Operating loss:(121)(238)(2,407)(1,708)(1,188)(908)
Nonoperating income14 247149
Investment income, nonoperating   247149
Foreign currency transaction gain, before tax14    
Interest and debt expense(52)(51)(47)(40)(29)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes5765062,6261,9341,3101,004
Income from continuing operations before equity method investments, income taxes:404221172210165127
Income (loss) from equity method investments  (9)25111
Income from continuing operations before income taxes:404221163236175129
Income tax expense(77)(53)(61)(43)(19)(24)
Income from continuing operations:327168102193156105
Loss from discontinued operations(11)     
Income before gain (loss) on sale of properties:317168102193156105
Other undisclosed net income11     
Net income:327168102193156105
Net income (loss) attributable to noncontrolling interest21404(21)(14)(3)
Net income attributable to parent:348207106172142102
Preferred stock dividends and other adjustments(34)(32)(32)(24)(14)(2)
Net income available to common stockholders, basic:31417574148128100
Dilutive securities, effect on basic earnings per share21    
Net income available to common stockholders, diluted:31717674148128100

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:327168102193156105
Other comprehensive income (loss)135(49)(23)34(44)13
Comprehensive income:46311880226113118
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12457(22)(10)(3)
Comprehensive income, net of tax, attributable to parent:47516386204103115

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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