Last €4.51 EUR
Change Today -0.049 / -1.08%
Volume 0.0
MI6 On Other Exchanges
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Exchange
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As of 2:08 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

meadowbrook insurance group (MI6) Snapshot

Open
€4.57
Previous Close
€4.56
Day High
€4.57
Day Low
€4.51
52 Week High
07/30/13 - €6.32
52 Week Low
03/10/14 - €3.71
Market Cap
225.8M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
50.1M
EX-Date
--
P/E TM
--
Dividend
€0.08
Dividend Yield
0.97%
Current Stock Chart for MEADOWBROOK INSURANCE GROUP (MI6)

meadowbrook insurance group (MI6) Related Businessweek News

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meadowbrook insurance group (MI6) Details

Meadowbrook Insurance Group, Inc. operates as a commercial insurance underwriter and insurance administration services company in the United States. The company markets and underwrites specialty property and casualty insurance programs and products on an admitted and non-admitted basis. It offers admitted programs that provide coverage for the food service industry, educators, physicians, agricultural businesses, and public entities; workers’ compensation insurance; and excess and surplus lines insurance for restaurants, bars/taverns, apartments, hotels/motels, and contractors’ liability. The company also provides non-admitted programs for pet-sitters, oil and gas contractors, and professional liability; and insurance programs for excess workers’ compensation, environmental, and marine markets. In addition, it offers program and product design, underwriting risk selection and policy issuance, claims administration and handling, and loss prevention and control services. Further, the company provides risk-bearing entities formation and administration services for clients and agents; and operates retail property and casualty insurance agencies that offer commercial, personal lines, life, and accident and health insurance. Meadowbrook Insurance Group, Inc. offers its products through a network of independent retail agents, wholesalers, program administrators, and general agents. The company was formerly known as Meadowbrook Insurance Agency. Meadowbrook Insurance Group, Inc. was founded in 1955 and is headquartered in Southfield, Michigan.

954 Employees
Last Reported Date: 03/5/14
Founded in 1955

meadowbrook insurance group (MI6) Top Compensated Officers

Interim Chairman of the Board, Chief Executiv...
Total Annual Compensation: $750.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $350.0K
Executive Vice President
Total Annual Compensation: $435.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $380.0K
Senior Vice President of Field Operations
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

meadowbrook insurance group (MI6) Key Developments

Meadowbrook Insurance Group, Inc. Announces the Passing of Director David K. Page

Meadowbrook Insurance Group Inc. announced the sudden passing of Mr. David K. Page, a member of its board of directors since 2000. Mr. Page Chaired the Board of Directors since May 2013 and also served as the Chairman of the Governance & Nominating Committee. Robert S. Cubbin will act as Interim Chairman of the board until the next regularly scheduled meeting of the board of directors in late July, where the board will elect a permanent Chairperson from the independent board members.

Meadowbrook Insurance Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014; Reiterates Earnings Guidance for the Year 2014

Meadowbrook Insurance Group Inc. reported earnings results for the first quarter ended March 31, 2014. The company has reported that net income for the first quarter ended March 31, 2014 was $10.36 million, or $0.21 per diluted share, compared to $7.08 million, or $0.14 per diluted share, for the same quarter ended March 31, 2013. Total revenues for the first quarter ended March 31, 2014 were $188.87 million, compared to $191.68 million for the same quarter ended March 31, 2013. Net earned premiums for the first quarter ended March 31, 2014 were $162.54 million, compared to $170.59 million for the same quarter ended March 31, 2013. The company has reiterated its guidance for 2014 expecting gross written premium to be between $775 million and $800 million; net operating income to be between $25 million and $35 million; or between $0.50 and $0.70 per share.

Meadowbrook Insurance Group, Inc. Declares Quarterly Dividend, Payable on May 28, 2014; Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

The Board of Directors of Meadowbrook Insurance Group Inc. declared a quarterly dividend of $0.02 per share payable on May 28, 2014 to shareholders of record as of May 19, 2014. The company reported unaudited earnings results for the first quarter ended march 31, 2014. For the quarter, the company reported total revenues of $188,872,000 compared with $191,678,000 for the same period last year. Income before income taxes and equity earnings of affiliates and unconsolidated subsidiaries was $11,907,000 compared with $8,450,000 for the same period last year. Net income was $10,356,000 or $0.21 diluted per share compared with $7,082,000 or $0.14 diluted per share for the same period last year. Net operating income was $8,390,000 or $0.17 diluted per share compared with $6,877,000 or $0.14 diluted per share for the same period last year. Book value per common share was $8.62 compared to $8.29 for the same period last year. Tangible book value per common share was $8.04 compared to $7.68 for the same period last year. Pre-tax profit from net commissions and fee revenue for the first quarter stayed relatively flat at $3.6 million. The company reiterates its guidance for 2014 expecting gross written premium for 2014 to be between $775 million and $800 million. Management also expects the company's net operating income to be between $25 million and $35 million or between $0.50 and $0.70 per share for 2014. The combined ratio is expected to be between 99% and 100%.

 

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MI6

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Price/Earnings NM Not Meaningful
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Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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