National General Holdings
Market Cap
US$3.9b
Last Updated
2021/01/05 00:35 UTC
Data Sources
Company Financials +
Executive Summary
National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 11.3% per year for the next 3 years
Snowflake Analysis
Solid track record with excellent balance sheet.
Similar Companies
Share Price & News
How has National General Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NGHC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: NGHC's weekly volatility has decreased from 11% to 0% over the past year.
Market Performance
7 Day Return
0.1%
NGHC
-0.9%
US Insurance
2.6%
US Market
1 Year Return
52.5%
NGHC
-3.2%
US Insurance
26.0%
US Market
Return vs Industry: NGHC exceeded the US Insurance industry which returned -4.2% over the past year.
Return vs Market: NGHC exceeded the US Market which returned 21.3% over the past year.
Shareholder returns
| NGHC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | -0.9% | 2.6% |
| 30 Day | -0.06% | 1.6% | 5.1% |
| 90 Day | 1.2% | 17.1% | 17.1% |
| 1 Year | 53.8%52.5% | -0.4%-3.2% | 28.9%26.0% |
| 3 Year | 79.1%75.1% | 10.0%1.7% | 46.3%36.6% |
| 5 Year | 79.9%73.4% | 67.2%46.3% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is National General Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
How Does National General Holdings' (NASDAQ:NGHC) CEO Salary Compare to Peers?7 months ago | Simply Wall St
Is It Smart To Buy National General Holdings Corp. (NASDAQ:NGHC) Before It Goes Ex-Dividend?7 months ago | Simply Wall St
Is Now An Opportune Moment To Examine National General Holdings Corp. (NASDAQ:NGHC)?Valuation
Is National General Holdings undervalued compared to its fair value and its price relative to the market?
10.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NGHC ($34.18) is trading below our estimate of fair value ($38.05)
Significantly Below Fair Value: NGHC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NGHC is good value based on its PE Ratio (8.6x) compared to the US Insurance industry average (14.4x).
PE vs Market: NGHC is good value based on its PE Ratio (8.6x) compared to the US market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: NGHC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NGHC is overvalued based on its PB Ratio (1.5x) compared to the US Insurance industry average (1x).
Next Steps
Future Growth
How is National General Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-11.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NGHC's earnings are forecast to decline over the next 3 years (-11.3% per year).
Earnings vs Market: NGHC's earnings are forecast to decline over the next 3 years (-11.3% per year).
High Growth Earnings: NGHC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NGHC's revenue (11.6% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: NGHC's revenue (11.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NGHC's Return on Equity is forecast to be low in 3 years time (12.7%).
Next Steps
Past Performance
How has National General Holdings performed over the past 5 years?
28.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NGHC has high quality earnings.
Growing Profit Margin: NGHC's current net profit margins (8.3%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: NGHC's earnings have grown significantly by 28% per year over the past 5 years.
Accelerating Growth: NGHC's earnings growth over the past year (92.4%) exceeds its 5-year average (28% per year).
Earnings vs Industry: NGHC earnings growth over the past year (92.4%) exceeded the Insurance industry 5.9%.
Return on Equity
High ROE: NGHC's Return on Equity (16.1%) is considered low.
Next Steps
Financial Health
How is National General Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: NGHC's short term assets ($4.2B) do not cover its short term liabilities ($6.1B).
Long Term Liabilities: NGHC's short term assets ($4.2B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: NGHC's debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: NGHC's debt to equity ratio has reduced from 29.2% to 21.4% over the past 5 years.
Debt Coverage: NGHC's debt is well covered by operating cash flow (70.1%).
Interest Coverage: NGHC's interest payments on its debt are well covered by EBIT (13.4x coverage).
Balance Sheet
Next Steps
Dividend
What is National General Holdings's current dividend yield, its reliability and sustainability?
0.59%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NGHC's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: NGHC's dividend (0.59%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: NGHC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: NGHC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: NGHC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NGHC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Barry Karfunkel (40 yo)
4.75yrs
Tenure
US$5,607,270
Compensation
Mr. Barry Samuel Karfunkel has been Co-Chairman of the Board at National General Holdings Corporation since May 07, 2018 and its Chief Executive Officer and Director since April 2016 and 2010 respectively....
CEO Compensation Analysis
Compensation vs Market: Barry's total compensation ($USD5.61M) is about average for companies of similar size in the US market ($USD5.03M).
Compensation vs Earnings: Barry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Co-Chairman | 4.75yrs | US$5.61m | 0.48% $ 18.6m | |
| President & Co-Chairman | 2.67yrs | US$5.04m | 0.41% $ 16.0m | |
| Executive VP | 11yrs | US$2.68m | 0.11% $ 4.4m | |
| Executive VP & COO | 5.5yrs | US$2.37m | 0.013% $ 503.4k | |
| Executive VP | 10yrs | US$2.56m | 0.089% $ 3.4m | |
| Chief Operating Officer | 5.5yrs | no data | no data | |
| Senior VP & Chief Accounting Officer | 3.67yrs | no data | 0.0013% $ 51.2k | |
| Executive VP & Chief Information Officer | no data | no data | no data | |
| Senior Vice President of Capital Strategy & Investor Relations | 0.58yr | no data | no data | |
| Executive VP & Chief Marketing Officer | 2yrs | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Chief Product & Analytics Officer and President of National General Preferred | 9yrs | no data | no data |
5.1yrs
Average Tenure
47.5yo
Average Age
Experienced Management: NGHC's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Co-Chairman | 4.75yrs | US$5.61m | 0.48% $ 18.6m | |
| President & Co-Chairman | 2.67yrs | US$5.04m | 0.41% $ 16.0m | |
| Independent Director | 11yrs | US$132.34k | 0.0062% $ 239.3k | |
| Independent Director | 3.17yrs | US$127.34k | 0.024% $ 939.8k | |
| Independent Director | 7.58yrs | US$137.34k | 0.0062% $ 239.3k | |
| Director | 7.58yrs | no data | 0.28% $ 10.9m | |
| Independent Director | 4.33yrs | US$142.34k | 0.0084% $ 324.6k | |
| Independent Director | 7.58yrs | US$127.34k | 0.0062% $ 239.3k |
6.0yrs
Average Tenure
64yo
Average Age
Experienced Board: NGHC's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
National General Holdings Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: National General Holdings Corp.
- Ticker: NGHC
- Exchange: NasdaqGM
- Founded: 1939
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: US$3.879b
- Shares outstanding: 113.48m
- Website: https://www.nationalgeneral.com
Number of Employees
Location
- National General Holdings Corp.
- 59 Maiden Lane
- 38th Floor
- New York
- New York
- 10038
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NGHC | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jun 2013 |
| 5NAA | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2013 |
| NGHC.P | NasdaqGM (Nasdaq Global Market) | PFD SER A % | US | USD | Jun 2014 | |
| NGHC.O | NasdaqGM (Nasdaq Global Market) | DEP SHS PFD-B | US | USD | Mar 2015 | |
| NGHC.N | NasdaqGM (Nasdaq Global Market) | DEP SHS PFD C | US | USD | Jun 2016 |
Biography
National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States, Bermuda, Luxembourg, and Sweden. The company's ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/05 00:35 |
| End of Day Share Price | 2020/12/31 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.