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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net earned premium $ 1,065,567 $ 1,030,651 $ 2,140,773 $ 1,994,808
Ceding commission income 46,640 60,192 96,945 129,726
Service and fee income 180,592 148,908 360,033 314,415
Net investment income 31,175 35,131 61,418 68,576
Net gain (loss) on investments 5,158 (5,230) (1,703) (5,208)
Total revenues 1,329,132 1,269,652 2,657,466 2,502,317
Expenses:        
Loss and loss adjustment expense 600,446 715,535 1,292,444 1,367,344
Acquisition costs and other underwriting expenses 229,378 194,126 457,620 406,044
General and administrative expenses 262,409 247,767 529,978 495,861
Interest expense 11,779 12,925 23,559 25,924
Total expenses 1,104,012 1,170,353 2,303,601 2,295,173
Income before provision for income taxes 225,120 99,299 353,865 207,144
Provision for income taxes 50,507 22,241 78,679 44,747
Net income 174,613 77,058 275,186 162,397
Net (income) loss attributable to noncontrolling interest (8,039) 818 (7,853) 7,237
Net income attributable to NGHC 166,574 77,876 267,333 169,634
Dividends on preferred stock (8,925) (8,925) (16,800) (16,800)
Net income attributable to NGHC common stockholders $ 157,649 $ 68,951 $ 250,533 $ 152,834
Earnings Per Share (“EPS”) attributable to NGHC common stockholders:        
Basic EPS $ 1.39 $ 0.61 $ 2.21 $ 1.35
Diluted EPS $ 1.37 $ 0.60 $ 2.17 $ 1.33