Stratrix
On the Record · National General Holdings

National General Holdings acquisitions, on the record

The businesses National General Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Direct General Corporation
Word for word“Through our acquisition of Direct General Corporation (“Direct General”) in 2016, we obtained a direct distribution channel that primarily sells nonstandard auto policies.” 10-K for 2018
acquisition2016—
Elara Holdings, Inc., the parent company of Direct General Corporation
Word for word“During 2016, we entered into a number of acquisitions and other transactions, including the following: (i) in November 2016, we closed on the acquisition of Elara Holdings, Inc., the parent company of Direct General Corporation, a Tennessee-based property and casualty insurance company (“Direct General”), (ii) in October 2016, we closed on the acquisition of Standard Property and Casualty Insurance Company, an Illinois-based property and casualty insurance company (“SPCIC”), and (iii) in June 2016, we closed on the acquisition of Cen” 10-K for 2018
acquisitionin November 2016—
Standard Property and Casualty Insurance Company
Word for word“During 2016, we entered into a number of acquisitions and other transactions, including the following: (i) in November 2016, we closed on the acquisition of Elara Holdings, Inc., the parent company of Direct General Corporation, a Tennessee-based property and casualty insurance company (“Direct General”), (ii) in October 2016, we closed on the acquisition of Standard Property and Casualty Insurance Company, an Illinois-based property and casualty insurance company (“SPCIC”), and (iii) in June 2016, we closed on the acquisition of Cen” 10-K for 2018
acquisitionin October 2016—
General Motors Acceptance Corporation private passenger auto business (U.S. consumer property and casualty insurance segment)
Word for word“We acquired this business on March 1, 2010.” 10-K for 2018
acquisitionMarch 1, 2010—
international business
Word for word“Gross premium written increased by $166.2 million , or 3.1% , from $5,416.8 million for the year ended December 31, 2018 to $5,583.1 million for the year ended December 31, 2019 , due to an increase of $95.7 million from the P&C segment, primarily driven by the acquisition of Farmers Union Insurance ( $77.3 million ); and an increase of $70.5 million from the A&H segment primarily as a result of growth in our small group self-funded and individual products ( $81.4 million ), partially offset by the fourth quarter sale of our international business .” 10-K for 2019
agreed divestiturefourth quarter—
Euro Accident Health and Care Insurance Sweden operation (“Euroaccident”)
Word for word“In December 2019, we sold our Euro Accident Health and Care Insurance Sweden operation (“Euroaccident”).” 10-K for 2020
divestitureDecember 2019—
Personal lines policy administration system (“NPS”)
Word for word“In 2017, we acquired ownership of our personal lines policy administration system (“NPS”) and the related intellectual property, which we previously licensed.” 10-K for 2020
acquisitionIn 2017—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$275.7 million—$49.5 million
2017-12-31$19.4 million$0$20.7 million
2018-12-31$13.5 million$0$6 million
2019-12-31—$92.3 million$6.7 million
2020-12-31—$0—

Deal filings since 2016

Read from National General Holdings’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.