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National General Holdings (National General Holdings) EBIT : $694 Mil (TTM As of Dec. 2020)


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What is National General Holdings EBIT?

National General Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2020 was $161 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2020 was $694 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National General Holdings's annualized ROC % for the quarter that ended in Dec. 2020 was 5.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National General Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2020 was 16.07%.


National General Holdings EBIT Historical Data

The historical data trend for National General Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National General Holdings EBIT Chart

National General Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 270.55 210.57 272.43 455.99 694.44

National General Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.04 140.53 236.90 155.59 161.43

Competitive Comparison of National General Holdings's EBIT

For the Insurance - Property & Casualty subindustry, National General Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National General Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, National General Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where National General Holdings's EV-to-EBIT falls into.



National General Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $694 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


National General Holdings  (NAS:NGHC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

National General Holdings's annualized ROC % for the quarter that ended in Dec. 2020 is calculated as:

ROC % (Q: Dec. 2020 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2020 ) + Invested Capital (Q: Dec. 2020 ))/ count )
=645.712 * ( 1 - 18.68% )/( (9285.55245 + 8796.5195)/ 2 )
=525.0929984/9041.035975
=5.81 %

where

Invested Capital(Q: Sep. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=10224.256 - 822.572 - ( 188.282 - 5% * 1443.009 )
=9285.55245

Invested Capital(Q: Dec. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=10127.894 - 741.193 - ( 662.772 - 5% * 1451.81 )
=8796.5195

Note: The EBIT data used here is four times the quarterly (Dec. 2020) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

National General Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2020 )
=694.441/4321.453
=16.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


National General Holdings EBIT Related Terms

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National General Holdings (National General Holdings) Business Description

Traded in Other Exchanges
N/A
Address
59 Maiden Lane, 38th Floor, New York, NY, USA, 10038
National General Holdings Corp is a specialty personal lines insurance holding company. It provides a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. The company sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure. The company manages its business through two segments, the Property and Casualty segment and Accident and Health segment.
Executives
Jeffrey Weissmann officer: General Counsel & Secretary C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
John Drake Nichols director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
John Marshaleck director 48 PAR LA VILLE ROAD, SUITE 1141, HAMILTON D0 HM11
Donald T Decarlo director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Barbara Paris director C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Patrick Fallon director C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Barry Karfunkel director, officer: CEO C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Robert Karfunkel director, officer: President C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Michael Hal Weiner officer: CFO and Treasurer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Peter A. Rendall officer: COO C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Lawrence J. Moloney officer: Chief Accounting Officer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Thomas Newgarden officer: Executive Vice President C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Amtrust International Insurance Ltd other: Former 10% Owner SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Donald Bolar officer: Chief Accounting Officer C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Barry D Zyskind director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038

National General Holdings (National General Holdings) Headlines

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