National general holdings corp. (NGHCN)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
ASSETS
Investments:
Debt securities, available-for-sale, at fair value (allowance for expected credit losses $2,927 - 2020) (Exchanges - $313,743 and $324,249; allowance for expected credit losses $298 - 2020)

4,382

4,476

4,141

4,028

3,635

3,561

3,318

3,138

3,244

3,139

3,247

3,231

3,115

3,061

-

-

-

2,357

-

-

-

-

-

1,443

1,105

-

Equity securities, at fair value

-

-

2

4

10

10

40

42

50

50

30

7

9

11

-

-

-

58

-

-

-

-

-

20

6

-

Fixed maturities, trading, at fair value

-

-

-

-

-

-

-

-

-

-

33

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, trading, at fair value

-

-

-

-

-

-

-

-

-

-

39

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments (Exchanges - $19,778 and $5,245)

70

67

393

202

390

348

177

145

39

38

-

113

78

-

-

-

-

3

-

-

-

-

-

0

-

-

Equity investment in unconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

135

-

Other investments (related parties - $235,843 and $238,841)

287

311

301

303

305

306

327

309

315

421

487

493

520

470

-

-

-

-

-

-

-

-

-

3

3

-

Securities pledged (amortized cost $0 and $54,955)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

63

70

-

Total investments

4,740

4,854

4,839

4,539

4,341

4,226

3,863

3,636

3,650

3,649

3,837

3,906

3,835

3,631

3,680

3,394

2,853

2,667

2,273

2,007

1,865

1,866

1,864

1,673

1,321

1,042

Cash and cash equivalents (Exchanges - $0 and $959)

309

135

199

211

188

193

395

335

321

292

330

241

209

220

202

260

263

225

278

168

229

132

118

111

108

73

Restricted cash and cash equivalents (Exchanges - $116 and $24)

30

28

27

32

32

39

39

66

56

65

88

39

45

65

13

10

11

56

-

-

-

-

-

-

-

-

Accrued investment income (related parties - $1,203 and $2,391) (Exchanges - $2,152 and $2,001)

26

30

27

28

26

27

22

22

23

22

22

28

29

28

27

25

23

20

16

15

13

14

13

12

9

9

Premiums and other receivables (net of allowance for expected credit losses $27,114 - 2020; net of bad debt allowance $24,067 - 2019) (Exchanges - $49,344 and $55,859; net of allowance for expected credit losses $1,013 - 2020; net of bad debt allowance $541 - 2019)

1,541

1,428

1,541

1,532

1,608

1,399

1,461

1,692

1,497

1,324

1,340

1,332

1,394

1,091

840

823

819

758

723

766

791

647

757

658

684

449

Deferred acquisition costs (Exchanges - $22,737 and $23,307)

277

263

267

270

268

251

249

243

233

216

227

254

242

220

206

174

145

160

152

141

155

125

111

114

99

60

Reinsurance recoverable (net of allowance for expected credit losses $517 - 2020) (Exchanges - $119,508 and $119,125; net of allowance for expected credit losses $173 - 2020)

1,401

1,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Recoverables, Including Reinsurance Premium Paid

-

-

1,504

1,443

1,489

1,611

1,527

1,423

1,334

1,294

1,139

969

968

948

1,001

923

904

833

893

878

873

911

911

904

927

950

Prepaid reinsurance premiums (Exchanges - $91,003 and $105,894)

511

575

643

609

637

665

680

634

528

517

485

182

169

156

154

146

132

128

131

123

152

102

100

69

57

50

Income tax receivable (Exchanges - $300 and $300)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

0

1

-

-

-

Notes receivable from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

127

125

126

125

125

-

-

0

Due from affiliate (Exchanges - $0 and $12,060)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

25

24

4

5

7

5

10

4

Deferred tax asset (Exchanges - $(15,018) and $(19,095))

-

-

-

-

-

-

-

-

-

-

54

49

60

-

-

-

-

0

-

-

-

-

-

-

-

-

Property and equipment, net (Exchanges - $93 and $241)

398

403

403

405

413

308

297

307

316

324

319

129

125

114

83

79

69

42

31

28

29

30

29

34

29

29

Intangible assets, net (Exchanges - $3,180 and $3,225)

357

365

392

369

372

379

383

389

397

404

394

410

438

467

366

383

371

348

266

272

244

248

243

84

83

86

Goodwill

179

179

181

183

180

180

183

181

174

174

190

189

173

158

211

208

119

112

125

113

92

70

97

96

82

70

Prepaid and other assets (Exchanges - $4,110 and $3,521)

86

94

45

39

73

154

144

155

134

155

41

52

62

133

54

69

61

41

36

42

53

43

14

12

8

9

Total assets

9,860

9,756

10,073

9,666

9,631

9,439

9,249

9,089

8,669

8,439

8,473

7,787

7,757

7,238

6,842

6,500

5,774

5,563

5,084

4,707

4,629

4,324

4,396

3,778

3,422

2,837

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Unpaid loss and loss adjustment expense reserves (Exchanges - $197,934 and $205,786)

2,848

2,886

3,039

2,887

2,870

2,957

2,855

2,727

2,678

2,663

2,566

2,360

2,268

2,273

2,094

1,973

1,790

1,755

1,565

1,553

1,551

1,562

1,514

1,386

1,315

1,259

Unearned premiums and other revenue (Exchanges - $232,538 and $252,553)

2,376

2,312

2,450

2,366

2,440

2,280

2,331

2,302

2,230

2,032

1,969

1,881

1,854

1,701

1,533

1,494

1,362

1,192

974

945

961

864

860

751

692

476

Unearned service contract and other revenue

-

-

-

-

-

-

-

-

-

-

-

31

43

-

-

-

-

12

12

44

29

8

8

8

8

7

Reinsurance payable (Exchanges - $38,353 and $35,689)

553

562

673

591

524

656

655

581

437

398

331

128

134

98

107

97

83

69

92

89

153

111

103

43

117

93

Accounts payable and accrued expenses (Exchanges - $5,746 and $8,497)

313

315

317

309

362

398

464

664

411

399

612

468

477

337

318

274

305

284

228

188

178

207

263

239

183

91

Due to affiliate (Exchanges - $7,520 and $0)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

38

1

1

17

-

-

0

Securities sold under agreements to repurchase, at contract value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

41

61

0

46

95

60

66

109

Deferred tax liability (Exchanges - $0 and $32,724)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

67

31

52

67

72

27

36

24

Income tax payable (Exchanges $557 and $0)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

46

56

30

19

19

19

1

Debt

685

686

687

708

710

705

675

705

713

713

754

754

745

752

675

678

446

491

401

302

305

299

300

259

79

81

Other liabilities (Exchanges - $41,266 and $30,803)

411

376

373

342

392

240

223

127

232

279

256

200

274

156

181

168

77

150

167

108

65

51

51

29

45

49

Total liabilities

7,189

7,139

7,542

7,205

7,300

7,238

7,206

7,108

6,704

6,486

6,490

5,824

5,797

5,320

4,910

4,806

4,179

4,026

3,553

3,410

3,355

3,251

3,308

2,824

2,566

2,194

Commitments and contingencies (Note 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

Stockholders’ equity:
Common stock, $0.01 par value - authorized 150,000,000 shares, issued and outstanding 113,708,996 shares - 2020; authorized 150,000,000 shares, issued and outstanding 113,368,811 shares - 2019.

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

0

Preferred stock, $0.01 par value - authorized 10,000,000 shares, issued and outstanding 2,565,120 shares - 2020; authorized 10,000,000 shares, issued and outstanding 2,565,120 shares - 2019. Aggregate liquidation preference $450,000 - 2020, $450,000 - 2019.

450

450

450

450

450

450

450

420

420

420

420

420

420

420

420

220

220

220

220

220

205

55

55

55

0

0

Additional paid-in capital

1,066

1,065

1,062

1,060

1,058

1,057

923

921

919

917

919

920

917

913

904

907

903

900

896

688

687

690

690

613

615

437

Accumulated other comprehensive income:
Unrealized foreign currency translation adjustment, net of tax

-0

-0

-20

-17

-17

-14

-15

-16

-8

-7

-5

-4

-3

-2

-2

-4

-2

-3

-

-

-

-4

-

-

-

-

Unrealized gain on investments, net of tax

44

74

101

77

18

-37

-53

-39

-37

-0

14

37

22

13

69

48

7

-15

-

-

-

24

-

-

-

-

Total accumulated other comprehensive income

43

74

80

59

0

-52

-68

-55

-45

-8

9

32

19

11

67

44

4

-19

2

14

32

20

20

31

15

7

Retained earnings

1,144

1,058

965

907

843

764

751

695

662

597

607

565

574

539

504

490

450

412

401

364

332

292

283

252

223

197

Total National General Holdings Corp. Stockholders’ Equity

2,705

2,649

2,559

2,479

2,353

2,220

2,056

1,982

1,957

1,928

1,957

1,939

1,932

1,885

1,897

1,663

1,579

1,513

1,521

1,289

1,258

1,059

1,051

954

855

642

Noncontrolling interest

-34

-31

-28

-18

-21

-19

-13

-0

7

24

25

23

26

31

35

30

15

22

8

7

15

13

36

0

0

0

Total stockholders’ equity

2,671

2,617

2,531

2,460

2,331

2,200

2,042

1,981

1,964

1,953

1,982

1,962

1,959

1,917

1,932

1,694

1,594

1,536

1,530

1,297

1,274

1,073

1,087

954

855

642

Total liabilities and stockholders’ equity

9,860

9,756

10,073

9,666

9,631

9,439

9,249

9,089

8,669

8,439

8,473

7,787

7,757

7,238

6,842

6,500

5,774

5,563

5,084

4,707

4,629

4,324

4,396

3,778

3,422

2,837

NGHC, excluding Reciprocal Exchanges
Available-for-sale Securities, Debt Securities

-

-

-

-

-

-

-

-

-

-

2,928

2,924

2,804

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, available-for-sale, at fair value (cost $5,863 and $22,854)

-

-

-

-

-

-

-

-

-

-

30

7

9

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed maturities, trading, at fair value (amortized cost $56,734 and $32,698)

-

-

-

-

-

-

-

-

-

-

33

23

54

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, trading, at fair value (cost $58,618 and $28,176)

-

-

-

-

-

-

-

-

-

-

39

37

57

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

31

78

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Investments

-

-

-

-

-

-

-

-

-

-

460

493

520

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for Claims and Claims Adjustment Expense

-

-

-

-

-

-

-

-

-

-

2,426

2,220

2,129

-

-

-

-

-

-

-

-

-

-

-

-

-

Reciprocal Exchanges
Debt securities, available-for-sale, at fair value (Exchanges - $324,249 and $297,083)

-

-

-

-

-

297

-

-

-

304

319

306

311

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, at fair value

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments (Exchanges - $5,245 and $17,328)

-

-

-

-

-

17

-

-

-

22

26

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

0

-

-

-

5

4

4

6

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Cash and Cash Equivalents

-

-

-

-

-

0

-

-

-

0

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued Investment Income Receivable

-

-

-

-

-

1

-

-

-

1

2

1

3

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums and Other Receivables, Net

-

-

-

-

-

61

-

-

-

56

47

48

43

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Policy Acquisition Cost

-

-

-

-

-

20

-

-

-

20

38

36

33

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Recoverables, Including Reinsurance Premium Paid

-

-

-

-

-

117

-

-

-

94

87

68

71

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Reinsurance Premiums

-

-

-

-

-

136

-

-

-

100

89

77

71

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, Plant and Equipment, Net

-

-

-

-

-

1

-

-

-

4

5

5

5

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible Assets, Net (Excluding Goodwill)

-

-

-

-

-

3

-

-

-

3

3

3

3

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and other assets (Exchanges - $3,521 and $4,581)

-

-

-

-

-

4

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for Claims and Claims Adjustment Expense

-

-

-

-

-

178

-

-

-

143

139

139

139

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned premiums and other revenue

-

-

-

-

-

265

-

-

-

225

196

182

167

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Payable

-

-

-

-

-

40

-

-

-

68

42

26

36

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable and Accrued Liabilities

-

-

-

-

-

7

-

-

-

8

26

70

5

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Liabilities

-

-

-

-

-

61

-

-

-

41

78

78

61

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

25

23

26

-

-

-

-

-

-

-

-

-

-

-

-

-