National general holdings corp. (NGHCN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Revenues:
Gross premium written

-

-

-

-

-

2,135

1,338

1,351

Ceded premiums

-

-

-

-

-

265

659

719

Net premium written

-

-

-

-

-

1,870

679

632

Change in unearned premium

-

-

-

-

-

-236

8

-58

Net earned premium

4,118

3,732

3,654

2,995

2,130

1,633

688

574

Other revenue (expense)

238

224

116

45

-

-

-

3

Ceding commission income

-

-

-

-

43

12

87

89

Service and fee income

641

561

502

380

273

168

127

93

Net investment income

141

119

101

115

75

52

30

30

Other than Temporary Impairment Losses, Investments

-

-

-

22

15

2

2

0

Portion of loss recognized in other comprehensive income

-

-

-

-

-

0

0

0

Net impairment losses recognized in earnings

-

-

-

-

-

-

2

0

Other net realized gain (loss) on investments

-

-

-

30

4

-0

1

16

Net gain (loss) on Investments

13

-29

46

7

-11

-2

-1

16

Other income (expense)

26

0

-0

24

0

-1

0

-

Total revenues

5,179

4,607

4,422

3,568

2,511

1,862

931

808

Expenses:
Loss and loss adjustment expense

2,854

2,662

2,626

2,092

1,485

1,053

462

402

Acquisition costs and other underwriting expenses

827

735

672

497

406

315

134

110

General and administrative expenses

1,041

938

912

709

426

348

280

246

Interest expense

51

51

47

40

28

17

2

1

Total expenses

4,775

4,386

4,258

3,338

2,347

1,734

879

761

Income before provision for income taxes

404

221

163

230

163

127

52

46

Provision for income taxes

77

53

61

33

16

23

11

12

Net income

327

167

102

196

147

103

41

34

Earnings (losses) of equity method investments (related parties)

-

-

-

-

3

1

1

-1

Net income

-

-

-

-

151

104

42

32

Net loss attributable to noncontrolling interest

-20

-39

-3

20

14

2

0

0

Net income attributable to NGHC

348

207

105

175

137

102

42

32

Dividends on preferred stock

33

32

31

24

14

2

2

4

Net income attributable to NGHC common stockholders

314

174

74

151

123

99

40

28

Earnings per common share (“EPS”):
Basic EPS

2.78

1.62

0.70

1.43

1.25

1.09

0.62

0.62

Diluted EPS

2.73

1.59

0.68

1.40

1.22

1.07

0.59

0.56

Dividends declared per common share

-

-

-

0.14

0.09

0.05

0.01

0.00

Weighted average common shares outstanding:
Basic (in shares)

-

-

-

-

98

91

65

45

Diluted (in shares)

-

-

-

-

100

93

71

58

Net realized gain on investments

-

-

-

-

-

-

-1

16