National General Holdings Corp. Reports Strong First Quarter 2020 Results
NATIONAL GENERAL HOLDINGS CORP (NGHC)
Last national general holdings corp earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
ir.nationalgeneral.com/investor-relations
Company Research
Source: GlobeNewswire
NEW YORK, April 29, 2020 (GLOBE NEWSWIRE) -- National General Holdings Corp. (Nasdaq: NGHC) reported first quarter 2020 net income of $92.9 million or $0.80 per diluted share, compared to net income of $83.9 million or $0.72 per diluted share in the first quarter of 2019. First quarter 2020 operating earnings (non-GAAP)(1) were $105.8 million or $0.91 per diluted share compared to $89.7 million or $0.77 per diluted share in the first quarter of 2019. First Quarter 2020 Highlights versus First Quarter 2019* Gross written premium decreased by $19.5 million to $1,384.7 million compared to the prior year’s quarter due to the sale of our EuroAccident international business in the fourth quarter of 2019. Excluding our A&H international business, our P&C segment had growth of 4.5%, driven by the acquisition of National Farmers Union Property and Casualty Company (“Farmers Union Insurance”), acquired in the third quarter of 2019; and our A&H domestic segment had growth of 25.4%.Th
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