Company Quick10K Filing
National General Holdings
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 116 $2,687
10-K 2020-02-20 Annual: 2019-12-31
10-Q 2019-10-30 Quarter: 2019-09-30
10-Q 2019-07-29 Quarter: 2019-06-30
10-Q 2019-05-06 Quarter: 2019-03-31
10-K 2019-02-25 Annual: 2018-12-31
10-Q 2018-10-30 Quarter: 2018-09-30
10-Q 2018-08-06 Quarter: 2018-06-30
10-Q 2018-05-07 Quarter: 2018-03-31
10-K 2018-02-26 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-03-23 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-09 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-28 Annual: 2013-12-31
8-K 2020-02-20 Earnings, Exhibits
8-K 2019-10-30 Other Events, Exhibits
8-K 2019-08-30 Other Events, Exhibits
8-K 2019-08-01 Other Events, Exhibits
8-K 2019-07-29 Earnings, Exhibits
8-K 2019-05-06 Earnings, Officers, Shareholder Vote, Exhibits
8-K 2019-02-25 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2019-02-25 Earnings, Exhibits
8-K 2019-01-07 Earnings, Exhibits
8-K 2018-11-19 Other Events, Exhibits
8-K 2018-11-13 Other Events, Exhibits
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-10-11 Earnings, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-07-09 Sale of Shares, Amend Bylaw, Other Events, Exhibits
8-K 2018-05-07 Earnings, Officers, Shareholder Vote, Exhibits
8-K 2018-02-26 Earnings, Other Events, Exhibits
8-K 2018-01-08 Earnings, Exhibits

National General Holdings Financials

NGHC Metrics, Comps, Filings

Annual | Quarterly

Business

We are a specialty personal lines insurance holding company that, through our subsidiaries, provides a variety of insurance products, including personal and small business automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. We sell insurance products with a focus on underwriting profitability through a combination of our customized and predictive analytics and our technology driven low cost infrastructure.

Our automobile insurance products protect our customers against losses due to physical damage to their motor vehicles, bodily injury and liability to others for personal injury or property damage arising from auto accidents. Our homeowners and umbrella insurance products protect our customers against losses to dwellings and their contents from a variety of perils, as well as coverage for personal liability. We offer our property and casualty ("P&C") insurance products through a network of approximately 31,270 independent agents, a number of affinity partners and through direct-response marketing programs and retail storefronts. We have approximately 4.1 million P&C policyholders.

Our accident and health ("A&H") business provides accident and health insurance products not subject to the Patient Protection and Affordable Care Act ("PPACA") and targets uninsured or underinsured individuals and employers who are interested in an alternative to PPACA-compliant major medical coverage or who are looking for supplemental insurance options to help cover out of pocket costs. We market our and other carriers' A&H insurance products through a multi-pronged distribution platform that includes a network of over 49,900 independent agents, our in-house agencies, direct-to-consumer marketing, wholesaling, worksite marketing and the internet.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
RLI (RLI) 3,877 0% 27.7 4% 3,375 2,415 915 0 125 144 4,001
Enstar (ESGR) 3,689 0% 6.4 3% 18,225 13,262 2,012 0 491 572 3,662
White Mountains Insurance Group (WTM) 3,433 10% 14.9 5% 3,752 744 767 75 178 236 3,513
Mercury General (MCY) 3,399 69% 11.4 3% 5,717 3,949 2,896 1,993 196 278 3,158
National General Holdings (NGHC) 2,687 0% 6.6 3% 9,667 7,206 4,858 0 264 475 3,158
Aspen Insurance Holdings (AHL) 2,528 0% -17.0 -1% 12,978 10,261 2,454 0 -147 -116 1,977
Proassurance (PRA) 2,167 0% 29.8 1% 4,786 3,205 937 0 50 79 2,364
Kinsale Capital Group (KNSL) 2,144 0% 35.3 5% 895 587 262 0 49 59 2,066
Navigators Group (NAVG) 2,086 0% 38.2 0% 5,856 4,626 1,527 0 2 48 1,844
NMI Holdings (NMIH) 1,953 0% 11.5 11% 1,220 408 320 0 132 179 2,066
Horace Mann Educators (HMN) 1,571 0% 9.5 1% 11,779 10,280 1,355 0 138 195 1,861
Safety Insurance Group (SAFT) 1,550 0% 11.3 5% 1,973 1,190 857 0 103 134 1,512
James River Group (JRVR) 1,533 0% 15.0 2% 3,451 2,660 874 0 74 97 1,462
State Auto Financial (STFC) 1,504 0% 21.7 2% 2,961 2,045 1,318 0 52 67 1,459
Employers Holdings (EIG) 1,362 0% 6.0 4% 3,954 2,833 833 0 166 208 1,256
United Fire Group (UFCS) 1,267 0% 21.8 1% 3,002 2,033 1,154 0 22 51 1,118
AMERISAFE (AMSF) 1,171 0% 12.0 5% 1,571 1,122 375 0 76 93 1,120
Sirius International Insurance Group (SG) 1,142 0% -93.8 -1% 6,419 4,391 1,569 0 -46 -18 1,697
Universal Insurance Holdings (UVE) 996 0% 5.6 5% 2,064 1,498 893 0 111 147 822
Third Point Reinsurance (TPRE) 973 0% -5.8 -1% 3,489 2,094 763 0 -50 -39 223

Balance Sheet ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash81416540
Accounts Receivable
Inventory
PP&E31434320308
Assets1,3712,0662,6308,4409,439
Accounts Payable
Long-Term Debt3045000744682
Liabilities2975297046,4867,238
Stockholders' Equity1,0601,5141,8941,9292,221
Income Statement ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue542031674,4314,608
Cost of Revenue
Gross Profit
R&D
SG&A349530844913938
Tax5477426753
Net Income31421102168
Cash Flow ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating29-93-58317598
Cash Investing-446-494-103-171-791
Cash Financing418602168-8273