National General (NGHC) Tops Q3 EPS by 25c

National General (NASDAQ: NGHC) reported Q3 EPS of $0.65, $0.25 better than the analyst estimate of $0.40. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.11 billion.

Barry Karfunkel, National General’s CEO, stated: “Our third quarter results continue to demonstrate the underwriting results that both our Property and Casualty and Accident and Health segments are able to generate with the full integration of past acquisitions. Despite another active catastrophe quarter, our P&C segment was able to generate a 94% combined ratio, largely driven by strong trends in our auto book. Our A&H segment continues to grow profitably, and our suite of products and owned distribution positions us well in the changing domestic healthcare environment. I am pleased with the continued execution of our strategy: continued profitable growth within the niches of the insurance industry we serve.”

For earnings history and earnings-related data on National General (NGHC) click here.

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