NEW YORK (AP) _ National General Holdings Corp. (NGHC) on Monday reported second-quarter profit of $48.5 million.
On a per-share basis, the New York-based company said it had profit of 41 cents. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The insurance holding company posted revenue of $846.2 million in the period.
National General shares have fallen nearly 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.08, a fall of 7.5 percent in the last 12 months.
This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on NGHC at http://ift.tt/2ap6oMF
Keywords: National General Holdings, Earnings Report
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