NATIONAL GENERAL HOLDINGS CORP. NGHCO Income Statement

National general holdings corp. (NGHCO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenues:
Gross premium written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,135	1,929	1,765	1,627	1,338	0	0	0
Ceded premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	265	310	419	552	659	0	0	0
Net premium written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,870	1,619	1,345	1,074	679	0	0	0
Change in unearned premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-236	-216	-215	-180	8	0	0	0
Net earned premium
4,229	4,118	3,992	3,878	3,790	3,732	3,677	3,602	3,641	3,654	3,622	3,527	3,258	2,995	2,816	2,549	2,305	2,130	1,896	1,832	1,754	1,633	1,402	1,130	893	688	0	0	0
Other revenue (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Ceding commission income
0	-	0	0	0	-	0	0	0	-	112	77	67	0	0	0	-	43	31	20	12	12	21	44	67	87	0	0	0
Service and fee income
655	641	622	603	584	561	544	524	519	502	471	444	409	380	382	348	315	273	220	205	186	168	155	144	136	127	0	0	0
Net investment income
138	141	139	136	127	119	101	96	97	101	104	106	106	99	99	90	80	75	71	66	59	52	42	37	33	30	0	0	0
Other than Temporary Impairment Losses, Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	2	0	0	0	-	-	-	-
Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Other net realized gain (loss) on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-0	0	0	0	-	-	-	-
Net gain (loss) on Investments
6	13	-12	-15	-29	-29	-20	30	48	46	54	-3	2	7	-10	-4	-9	-11	-5	-1	-0	-2	-4	-2	-3	-1	0	0	0
Other income (expense)
-	-	0	-	-	-	0	-	-	-0	24	0	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
5,275	5,179	4,997	4,857	4,723	4,607	4,487	4,424	4,437	4,422	4,390	4,180	3,879	3,553	3,328	3,022	2,729	2,511	2,213	2,121	2,010	1,862	1,618	1,353	1,128	931	0	0	0
Expenses:
Loss and loss adjustment expense
2,894	2,854	2,813	2,725	2,679	2,662	2,618	2,600	2,641	2,626	2,581	2,484	2,276	2,092	1,994	1,783	1,589	1,485	1,267	1,211	1,159	1,053	907	741	584	462	0	0	0
Acquisition costs and other underwriting expenses
843	827	808	790	778	735	687	659	666	672	662	639	559	497	472	441	429	406	378	353	330	315	272	221	179	134	0	0	0
General and administrative expenses
1,061	1,041	1,006	978	955	938	923	901	888	912	911	863	813	709	636	559	496	426	373	374	353	348	314	298	289	280	0	0	0
Interest expense
50	51	51	51	53	51	51	50	46	47	46	45	42	40	30	29	28	28	37	32	26	17	8	4	2	2	0	0	0
Total expenses
4,849	4,775	4,679	4,545	4,466	4,386	4,280	4,211	4,243	4,258	4,201	4,033	3,691	3,338	3,134	2,813	2,543	2,347	2,056	1,971	1,869	1,734	1,503	1,265	1,055	879	0	0	0
Income before provision for income taxes
425	404	317	312	256	221	207	212	194	163	188	147	188	214	194	208	185	163	156	150	140	127	115	88	72	52	0	0	0
Provision for income taxes
82	77	76	75	59	53	58	61	66	61	35	25	27	33	31	31	25	16	29	31	24	23	16	11	14	11	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	180	163	177	160	147	127	118	116	103	98	77	57	41	0	0	0
Earnings (losses) of equity method investments (related parties)
-	-	-	-	-	-	-	-	-	-	-	-	-	15	7	6	3	3	9	8	4	1	-1	0	3	1	0	0	0
Net income
0	-	0	0	0	-	0	0	0	-	158	129	171	196	170	184	163	151	136	126	120	104	97	77	61	42	0	0	0
Net loss attributable to noncontrolling interest
-14	-20	-26	-27	-34	-39	-30	-17	-9	-3	3	5	14	20	26	25	13	14	2	0	2	2	-0	0	0	0	0	0	0
Net income attributable to NGHC
357	348	267	264	230	207	179	168	137	105	154	123	157	175	144	158	149	137	133	125	118	102	97	77	61	42	0	0	0
Dividends on preferred stock
33	33	33	33	32	32	31	31	31	31	31	31	28	24	20	16	17	14	10	8	3	2	1	0	0	2	0	0	0
Net income attributable to NGHC common stockholders
323	314	233	230	198	174	147	136	105	74	123	92	129	151	123	142	132	123	122	117	114	99	96	77	60	40	0	0	0
Earnings per common share (“EPS”):
Basic EPS
0.82	0.87	0.56	0.61	0.74	0.15	0.56	0.34	0.57	-0.09	0.47	0.05	0.27	0.37	0.17	0.40	0.48	0.11	0.37	0.36	0.44	0.12	0.34	0.32	0.31	0.08	0.16	0.24	0.14
Diluted EPS
0.80	0.87	0.54	0.60	0.72	0.15	0.55	0.34	0.55	-0.10	0.46	0.05	0.27	0.36	0.17	0.40	0.47	0.10	0.36	0.35	0.43	0.11	0.34	0.32	0.30	0.08	0.16	0.22	0.13
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.00	0.01	0.00	0.00
Weighted average common shares outstanding:
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	106	106	106	106	106	105	105	105	100	93	93	93	93	93	85	79	79	54	45
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	108	109	109	108	108	108	108	108	102	96	96	96	95	94	86	83	80	64	58
Net realized gain on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-2	-3	-1	0	0	0