National General Holdings Corp. to Announce 2018 Fourth Quarter Results on February 25, 2019; Estimates Losses from Hurricane...
January 07 2019 - 8:00AM
National General Holdings Corp. (NASDAQ:NGHC) announced today that
it plans to release 2018 fourth quarter results after the market
closes on Monday, February 25, 2019. At 9:30 AM ET on Tuesday,
February 26, 2019, Chief Executive Officer Barry Karfunkel and
Chief Financial Officer Mike Weiner will review results and discuss
business conditions via a conference call that may be accessed as
follows:
Toll-Free
U.S. Dial-in: |
800-346-7359 |
International Dial-in: |
973-528-0008 |
Conference Entry Code: |
986437 |
Webcast
Registration: |
http://ir.nationalgeneral.com/events-and-presentations |
A replay of the conference call will be accessible from 2:00 PM
ET on Tuesday, February 26, 2019 to 11:59 PM ET on Tuesday, March
12, 2019 by dialing either 800-332-6854 (toll-free) within the U.S.
or 973-528-0005 outside the U.S. and entering passcode 986437. In
addition, a replay of the webcast can also be retrieved at
http://ir.nationalgeneral.com/events-and-presentations.
National General also announced that it expects its fourth
quarter 2018 results to include $11 million in losses from
Hurricane Michael ($9 million after-tax) and $48 million in losses
from California Wildfires ($38 million after-tax), both net of
reinsurance recoverables and inclusive of the impact of reinsurance
reinstatements for the California Wildfires. Total notable
large losses are expected to impact the fourth quarter 2018 by $59
million ($47 million after-tax).
About National General Holdings Corp.National
General Holdings Corp., headquartered in New York City, is a
specialty personal lines insurance holding company. National
General traces its roots to 1939, has a financial strength rating
of A- (excellent) from A.M. Best, and provides personal and
commercial automobile, homeowners, umbrella, recreational vehicle,
motorcycle, supplemental health, and other niche insurance
products.
Forward Looking Statements
This news release contains “forward-looking statements” that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements are based on the Company’s current expectations and
beliefs concerning future developments and their potential effects
on the Company. Forward-looking statements can generally be
identified by the use of forward-looking terminology, such as
“may,” “will,” “plan,” “expect,” “project,” “intend,” “estimate,”
“anticipate” and “believe” or their variations or similar
terminology. There can be no assurance that actual developments
will be those anticipated by the Company. Actual results may differ
materially from those expressed or implied in these statements as a
result of significant risks and uncertainties, including, but not
limited to, non-receipt of expected payments from insureds or
reinsurers, changes in interest rates, a downgrade in the financial
strength ratings of our insurance subsidiaries, the effect of the
performance of financial markets on our investment portfolio, our
ability to accurately underwrite and price our products and to
maintain and establish accurate loss reserves, estimates of the
fair value of investments, development of claims and the effect on
loss reserves, large loss activity including hurricanes and
wildfires, the cost and availability of reinsurance coverage, the
effects of emerging claim and coverage issues, the effect of
unpredictable catastrophic losses, changes in the demand for our
products, our degree of success in integrating acquired businesses,
the effect of general economic conditions, state and federal
legislation, the effects of tax reform, regulations and regulatory
investigations into industry practices, risks associated with
conducting business outside the United States, developments
relating to existing agreements, disruptions to our business
relationships with third party or vendor agencies, breaches in data
security or other disruptions involving our technology, heightened
competition, changes in pricing environments, and changes in asset
valuations. The forward-looking statements contained in this news
release are made only as of the date of this release. The Company
undertakes no obligation to publicly update any forward-looking
statement except as may be required by law. Additional information
about these risks and uncertainties, as well as others that may
cause actual results to differ materially from those projected is
contained in the Company’s filings with the Securities and Exchange
Commission.
Investor Contact Christine WorleyDirector of
Investor Relations Phone: 212-380-9462 Email:
Christine.Worley@NGIC.com
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