National General Meets 1Q Profit Forecasts

NEW YORK (AP) _ National General Holdings Corp. (NGHC) on Monday reported first-quarter earnings of $34.1 million.

On a per-share basis, the New York-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs, came to 38 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.

The insurance holding company posted revenue of $1.06 billion in the period.

National General shares have dropped 10 percent since the beginning of the year. The stock has risen roughly 5 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