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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Debt securities, available-for-sale, at fair value (allowance for expected credit losses $2,927 - 2020) (Exchanges - $313,743 and $324,249; allowance for expected credit losses $298 - 2020) $ 4,382,254 $ 4,476,358
Short-term investments (Exchanges - $19,778 and $5,245) 70,761 67,353
Other investments (related parties - $235,843 and $238,841) 287,683 311,287
Total investments 4,740,698 4,854,998
Cash and cash equivalents (Exchanges - $0 and $959) 309,802 135,942
Restricted cash and cash equivalents (Exchanges - $116 and $24) 30,070 28,521
Accrued investment income (related parties - $1,203 and $2,391) (Exchanges - $2,152 and $2,001) 26,131 30,927
Premiums and other receivables (net of allowance for expected credit losses $27,114 - 2020; net of bad debt allowance $24,067 - 2019) (Exchanges - $49,344 and $55,859; net of allowance for expected credit losses $1,013 - 2020; net of bad debt allowance $541 - 2019) 1,541,760 1,428,948
Deferred acquisition costs (Exchanges - $22,737 and $23,307) 277,368 263,523
Reinsurance recoverable (net of allowance for expected credit losses $517 - 2020) (Exchanges - $119,508 and $119,125; net of allowance for expected credit losses $173 - 2020) 1,401,681 1,394,308
Prepaid reinsurance premiums (Exchanges - $91,003 and $105,894) 511,648 575,747
Property and equipment, net (Exchanges - $93 and $241) 398,161 403,827
Intangible assets, net (Exchanges - $3,180 and $3,225) 357,568 365,823
Goodwill 179,328 179,328
Prepaid and other assets (Exchanges - $4,110 and $3,521) 86,359 94,642
Total assets 9,860,574 9,756,534
Liabilities:    
Unpaid loss and loss adjustment expense reserves (Exchanges - $197,934 and $205,786) 2,848,193 2,886,414
Unearned premiums and other revenue (Exchanges - $232,538 and $252,553) 2,376,375 2,312,241
Reinsurance payable (Exchanges - $38,353 and $35,689) 553,982 562,844
Accounts payable and accrued expenses (Exchanges - $5,746 and $8,497) 313,638 315,366
Debt 685,078 686,006
Other liabilities (Exchanges - $41,266 and $30,803) 411,820 376,169
Total liabilities 7,189,086 7,139,040
Stockholders’ equity:    
Common stock, $0.01 par value - authorized 150,000,000 shares, issued and outstanding 113,708,996 shares - 2020; authorized 150,000,000 shares, issued and outstanding 113,368,811 shares - 2019. 1,137 1,134
Preferred stock, $0.01 par value - authorized 10,000,000 shares, issued and outstanding 2,565,120 shares - 2020; authorized 10,000,000 shares, issued and outstanding 2,565,120 shares - 2019. Aggregate liquidation preference $450,000 - 2020, $450,000 - 2019. 450,000 450,000
Additional paid-in capital 1,066,075 1,065,634
Accumulated other comprehensive income:    
Unrealized foreign currency translation adjustment, net of tax (472) (202)
Unrealized gain on investments, net of tax 44,317 74,750
Total accumulated other comprehensive income 43,845 74,548
Retained earnings 1,144,473 1,058,138
Total National General Holdings Corp. Stockholders’ Equity 2,705,530 2,649,454
Noncontrolling interest (34,042) (31,960)
Total stockholders’ equity 2,671,488 2,617,494
Total liabilities and stockholders’ equity $ 9,860,574 $ 9,756,534