National General Beats 4Q Profit Forecasts

NEW YORK (AP) _ National General Holdings Corp. (NGHC) on Monday reported fourth-quarter profit of $30.9 million.

On a per-share basis, the New York-based company said it had net income of 28 cents. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The insurance holding company posted revenue of $1.03 billion in the period.

For the year, the company reported profit of $147.9 million, or $1.37 per share. Revenue was reported as $3.55 billion.

National General shares have climbed slightly more than 1 percent since the beginning of the year. The stock has climbed 27 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGHC at https://www.zacks.com/ap/NGHC

Keywords: National General Holdings, Earnings Report