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
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 investments854203542314236282133
Cash and cash equivalents663136194292220282133
Short-term investments191673492116  
Total current assets:854203542314236282133
Noncurrent Assets
Finance lease, right-of-use asset 21
Operating lease, right-of-use asset111120
Property, plant and equipment 4043083241154331
Intangible assets, net (including goodwill)520545560578623461320
Goodwill17917918017415511271
Intangible assets, net (excluding goodwill)341366380404468349249
Total noncurrent assets:6311,090868902738504350
Other undisclosed assets8,6438,4638,0297,2246,2714,7773,957
TOTAL ASSETS:10,1289,7579,4398,4407,2455,5634,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    8611076
Total current liabilities:    8611076
Noncurrent Liabilities
Other undisclosed liabilities6,9127,1397,2386,4865,2333,9163,290
Total liabilities:6,9127,1397,2386,4865,3194,0273,367
Stockholders' equity
Stockholders' equity attributable to parent3,2372,6492,2211,9291,8941,5141,060
Preferred stock45045045042042022055
Common stock1111111
Treasury stock, value(8)      
Additional paid in capital1,0771,0661,058918915900691
Accumulated other comprehensive income (loss)20375(52)(8)13(19)20
Retained earnings1,5141,058764598545412293
Stockholders' equity attributable to noncontrolling interest(21)(32)(20)25322314
Total stockholders' equity:3,2162,6172,2011,9531,9261,5371,073
TOTAL LIABILITIES AND EQUITY:10,1289,7579,4398,4407,2455,5634,440

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
Revenues5,5525,1804,6084,4313,5502,5111,862
Premiums earned, net4,4954,1183,732
Financial services revenue4,2743,4202,4031,817
Cost of revenue(636)(577)(511)(2,626)(1,959)(1,382)(1,053)
Deferred policy acquisition costs, amortization expense(636)(577)(511)    
Financial services costs(2,626)(1,959)(1,382)(1,053)
Gross profit:4,9164,6024,0971,8051,5921,130809
Operating expenses(4,858)(4,724)(4,336)(4,212)(3,300)(2,318)(1,717)
Operating income (loss):59(121)(238)(2,407)(1,708)(1,188)(908)
Nonoperating income 14 247149
Investment income, nonoperating    247149
Foreign currency transaction gain, before tax 14    
Interest and debt expense(34)(52)(51)(47)(40)(29)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes6365765062,6261,9341,3101,004
Income from continuing operations before equity method investments, income taxes:661404221172210165127
Income (loss) from equity method investments   (9)25111
Income from continuing operations before income taxes:661404221163236175129
Income tax expense(136)(77)(53)(61)(43)(19)(24)
Income from continuing operations:524327168102193156105
Loss from discontinued operations (11)     
Income before gain (loss) on sale of properties:524317168102193156105
Other undisclosed net income 11     
Net income:524327168102193156105
Net income (loss) attributable to noncontrolling interest(11)21404(21)(14)(3)
Net income attributable to parent:513348207106172142102
Preferred stock dividends and other adjustments(34)(34)(32)(32)(24)(14)(2)
Net income available to common stockholders, basic:48031417574148128100
Dilutive securities, effect on basic earnings per share221    
Net income available to common stockholders, diluted:48231717674148128100

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:524327168102193156105
Other comprehensive income (loss)129135(49)(23)34(44)13
Comprehensive income:65346311880226113118
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)12457(22)(10)(3)
Comprehensive income, net of tax, attributable to parent:64247516386204103115

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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