| Address:
|
26600 TELEGRAPH RD
STE 300 |
| City: |
SOUTHFIELD |
|
State: |
MI |
|
Zip Code: |
48034 |
| Telephone: |
810-358-1100 |
|
Description of Business
|
Primary SIC Code:
6331 |
| (As filed with the SEC)
|
|
|
As used in this Form 10-K, references to the "Company", "we", "us", or "our"
refer to Meadowbrook Insurance Group, Inc. ("Meadowbrook") and its subsidiaries:
Star Insurance Company ("Star"), ProCentury Corporation ("ProCentury"),
Meadowbrook Inc., and Crest Financial Corporation. References to Meadowbrook
also includes Star's wholly-owned subsidiaries Ameritrust Insurance Corporation
("Ameritrust"), Savers Property and Casualty Insurance Company ("Savers"), and
Williamsburg National Insurance Company ("Williamsburg") and ProCentury's
wholly-owned subsidiaries Century Surety Company ("Century"), ProCentury
Insurance Company ("PIC"), and ProCentury Risk Partners Insurance Company
("Propic").
Star, Savers, Williamsburg, Ameritrust, Century, and PIC are collectively
referred to as the Insurance Company Subsidiaries.
Meadowbrook was founded in 1955 as Meadowbrook Insurance Agency and was
subsequently incorporated in Michigan in 1965. Meadowbrook Insurance Group, Inc. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.95 | 0.040 | 9.38 | | 06/2011 | 1.04 | NA | 9.53 | | 03/2011 | 1.08 | 0.040 | 9.58 | | 12/2010 | 1.10 | NA | 9.32 | | 09/2010 | 1.10 | 0.040 | 8.15 | | 06/2010 | 1.01 | 0.030 | 8.54 | | 03/2010 | 0.98 | 0.030 | 8.06 | | 12/2009 | 0.92 | NA | 8.04 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.20 | Total Liab/Total Assets | 0.75 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.75 | | Net Inc/Inv Cap | 0.03 | Total Liab/Comm Equity | 5.56 | | Pretax Inc/Net Sales | 0.11 | Interest Coverage Ratio | 9.54 | | Net Inc/Net Sales | 0.08 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.23 | LTD/Equity | 0.27 | | SG&A/NetSales | 0.04 | Total Debt/Equity | 0.27 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 1.57 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | NA | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
214.75
|
204.23
|
193.48
|
196.49
|
|
Cost of Goods Sold
|
193.62
|
183.85
|
162.70
|
165.79
|
|
Selling & Admin Exps
|
6.15
|
4.91
|
7.60
|
6.65
|
|
Operating Income
|
11.70
|
12.17
|
19.78
|
20.65
|
|
Interest Exp
|
2.07
|
2.08
|
2.17
|
2.20
|
|
Pretax Income
|
11.70
|
12.17
|
19.78
|
20.65
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
9.75
|
9.94
|
15.12
|
15.39
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
76.35
|
77.12
|
102.76
|
90.41
|
|
Receivables - Total
|
546.26
|
529.97
|
520.01
|
492.27
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
NA
|
NA
|
NA
|
NA
|
|
Total Assets
|
2,342.00
|
2,281.01
|
2,247.89
|
2,177.64
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
39.63
|
44.99
|
53.54
|
41.40
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
64.60
|
68.03
|
149.01
|
150.26
|
|
Total Liabilities
|
1,761.68
|
1,707.97
|
1,689.93
|
1,630.54
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.52
|
0.52
|
0.52
|
0.52
|
|
Retained Earnings
|
239.57
|
238.39
|
232.28
|
219.30
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
580.32
|
573.04
|
557.96
|
547.10
|
|
Total Liabilities and Stockholders' Equity
|
2,342.00
|
2,281.01
|
2,247.89
|
2,177.64
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
33.00
|
27.25
|
34.62
|
46.42
|
|
Net Cash Provided by Investing Activities
|
-12.68
|
-40.95
|
-17.78
|
-28.87
|
|
Net Cash Provided by Financing Activities
|
-21.10
|
-11.94
|
-4.49
|
-3.54
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 318.24 | 22.03 | 0.75 | | 12/2007 | 340.74 | 27.99 | 0.85 | | 12/2008 | 437.83 | 27.40 | 0.61 | | 12/2009 | 627.62 | 52.65 | 0.92 | | 12/2010 | 750.07 | 59.72 | 1.10 | | Growth Rates | 23.90 | 28.31 | 10.05 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 167 | 45,940 | 89.99 |
|
Report Date :
2/6/2012
 Copyright
2012, EDGAR Online, Inc. All
rights reserved. Replication or redistribution of EDGAR Online, Inc. content is
expressly prohibited without the prior written consent of EDGAR Online, Inc.
EDGAR Online, Inc. shall not be liable for any errors or delays in the content,
or for any actions taken in reliance thereon.
|
|
|