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National General Holdings Corp.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Feb 26, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sells personal and small-business auto, homeowners and other property insurance to individuals and small businesses, and supplemental health coverage to individuals and employers.

How Did They Make Money?

Sells insurance policies and collects premiums from policyholders; it also charges policy service fees, including fees for installment or renewal policies, late payments and cancellations.

revenue

Who Were Their Customers?

Individuals and small businesses buy property coverage through agents, affinity partners and direct channels; individuals and employers buy health insurance through agents, in-house agencies, worksite marketing and online sales. Mortgage lenders and servicers are customers for lender-placed insurance.

Did Revenues Turn Into Profits?

Yes. It kept 9 cents of every revenue dollar as net income in .

Net income,
9% of revenue
▲ +47% vs ($348.1M, 7%)

How Were They Changing?

Grew. Revenue grew 56% in 4 years, from $3.6B in to $5.6B in , about 12% a year.

Farmers Union relationship The earlier report described affinity sales through sponsoring organizations, with recreational vehicle coverage as a primary focus; the latest also describes Farmers Union's relationship with National Farmers Union to sell personal lines to its members.

Who Did They Compete With?

Competes with The Progressive, Travelers, The Hanover Insurance Group, Selective Insurance Group, State Farm Mutual Automobile Insurance, Farmers Insurance Group, Assurant, GEICO, Mercury General, and Kemper

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