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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net earned premium $ 1,178,573 $ 1,053,638 $ 3,319,346 $ 3,048,446
Ceding commission income 30,724 57,587 127,669 187,313
Service and fee income 184,969 161,626 545,002 476,041
Net investment income 28,904 33,740 90,322 102,316
Net gain (loss) on investments 19,839 1,581 18,136 (3,627)
Total revenues 1,443,009 1,308,172 4,100,475 3,810,489
Expenses:        
Loss and loss adjustment expense 774,164 745,334 2,066,608 2,112,678
Acquisition costs and other underwriting expenses 268,645 209,090 726,265 615,134
General and administrative expenses 244,611 263,864 774,589 759,725
Interest expense 11,292 12,898 34,851 38,822
Total expenses 1,298,712 1,231,186 3,602,313 3,526,359
Income before provision for income taxes 144,297 76,986 498,162 284,130
Provision for income taxes 27,428 16,747 106,107 61,494
Net income 116,869 60,239 392,055 222,636
Net (income) loss attributable to noncontrolling interest (6,900) 10,915 (14,753) 18,152
Net income attributable to NGHC 109,969 71,154 377,302 240,788
Dividends on preferred stock (7,875) (7,875) (24,675) (24,675)
Net income attributable to NGHC common stockholders $ 102,094 $ 63,279 $ 352,627 $ 216,113
Earnings Per Share (“EPS”) attributable to NGHC common stockholders:        
Basic EPS $ 0.90 $ 0.56 $ 3.11 $ 1.91
Diluted EPS $ 0.88 $ 0.54 $ 3.04 $ 1.87