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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Debt securities, available-for-sale, at fair value (allowance for expected credit losses $1,203 - 2020) (Exchanges - $320,773 and $324,249; allowance for expected credit losses $149 - 2020) $ 4,581,531 $ 4,476,358
Short-term investments (Exchanges - $19,330 and $5,245) 216,484 67,353
Other investments (related parties - $235,458 and $238,841) 287,735 311,287
Total investments 5,085,750 4,854,998
Cash and cash equivalents (Exchanges - $4 and $959) 297,282 135,942
Restricted cash and cash equivalents (Exchanges - $233 and $24) 37,726 28,521
Accrued investment income (related parties - $2,405 and $2,391) (Exchanges - $1,939 and $2,001) 29,499 30,927
Premiums and other receivables (net of allowance for expected credit losses $40,078 - 2020; net of bad debt allowance $24,067 - 2019) (Exchanges - $49,649 and $55,859; net of allowance for expected credit losses $1,867 - 2020; net of bad debt allowance $541 - 2019) 1,487,734 1,428,948
Deferred acquisition costs (Exchanges - $23,097 and $23,307) 275,931 263,523
Reinsurance recoverable (net of allowance for expected credit losses $517 - 2020) (Exchanges - $113,321 and $119,125; net of allowance for expected credit losses $173 - 2020) 1,292,636 1,394,308
Prepaid reinsurance premiums (Exchanges - $82,684 and $105,894) 518,082 575,747
Property and equipment, net (Exchanges - $18 and $241) 388,889 403,827
Intangible assets, net (Exchanges - $3,135 and $3,225) 350,821 365,823
Goodwill 179,328 179,328
Prepaid and other assets (Exchanges - $4,310 and $3,521) 74,165 94,642
Total assets 10,017,843 9,756,534
Liabilities:    
Unpaid loss and loss adjustment expense reserves (Exchanges - $200,270 and $205,786) 2,826,584 2,886,414
Unearned premiums and other revenue (Exchanges - $226,403 and $252,553) 2,328,447 2,312,241
Reinsurance payable (Exchanges - $23,907 and $35,689) 461,896 562,844
Accounts payable and accrued expenses (Exchanges - $7,753 and $8,497) 327,929 315,366
Debt 682,266 686,006
Other liabilities (Exchanges - $30,279 and $30,803) 411,045 376,169
Total liabilities 7,038,167 7,139,040
Stockholders’ equity:    
Preferred stock, $0.01 par value - authorized 10,000,000 shares, issued and outstanding 2,565,120 shares - 2020 and 2019; Aggregate liquidation preference $450,000 - 2020 and 2019. 450,000 450,000
Common stock, $0.01 par value - authorized 150,000,000 shares, issued 113,856,628 and 113,368,811 shares - 2020 and 2019, outstanding 113,397,545 and 113,368,811 shares - 2020 and 2019. 1,139 1,134
Treasury stock, at cost - 459,083 shares - 2020. (8,482) 0
Additional paid-in capital 1,069,152 1,065,634
Accumulated other comprehensive income:    
Unrealized foreign currency translation adjustment, net of tax (686) (202)
Unrealized gain on investments, net of tax 187,550 74,750
Total accumulated other comprehensive income 186,864 74,548
Retained earnings 1,296,451 1,058,138
Total National General Holdings Corp. stockholders’ equity 2,995,124 2,649,454
Noncontrolling interest (15,448) (31,960)
Total stockholders’ equity 2,979,676 2,617,494
Total liabilities and stockholders’ equity $ 10,017,843 $ 9,756,534