State National Companies is a specialty provider of property and casualty insurance. The Company operates an issuing carrier (fronting) business to provide insurance capacity access to the United States property and casualty insurance markets. Also, it specializes in providing collateral protection insurance, which insures automobiles held as collateral for loans made by financial institutions.
Type
Subsidiary
Parent Company
Markel Corporation
HQ
Bedford, US
Founded
1973
State National Companies was founded in 1973 and is headquartered in Bedford, US
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Key People/Management at State National Companies

Terry Ledbetter

Terry Ledbetter

Chairman and Chief Executive Officer
Matthew Freeman

Matthew Freeman

President
Trace Ledbetter

Trace Ledbetter

EVP
Luke Ledbetter

Luke Ledbetter

Executive Vice President and Chief Underwriting Officer - Program Services
David Cleff

David Cleff

Executive Vice President of Business Affairs, General Counsel and Secretary
David Hale

David Hale

Executive Vice President, CFO and COO
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State National Companies Office Locations

State National Companies has an office in Bedford
Bedford, US (HQ)
1900 L Don Dodson Dr
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State National Companies Financials and Metrics

Summary Metrics

Founding Date

1973
State National Companies is a subsidiary of Markel Corporation

State National Companies Financials

State National Companies's revenue was reported to be $217.07 m in FY, 2016 which is a 9.1% increase from the previous period.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

154.5 m198.9 m217.1 m

Revenue growth, %

29%9%

Sales and marketing expense

5.5 m5.8 m

General and administrative expense

63 m70 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

46.1 m46.4 m51.2 m50.1 m49 m57.9 m59 m58.6 m

Sales and marketing expense

1.5 m1.3 m1.2 m1.7 m1.1 m1.4 m1.6 m1.7 m

General and administrative expense

16.1 m16.1 m14.5 m17 m17.1 m17.2 m19.1 m18.6 m

Operating expense total

32.4 m31 m31.9 m35 m33.4 m33.9 m41.1 m38 m
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

38.3 m51.8 m91.7 m

Accounts Receivable

1.8 m2.2 m2.1 m

Inventories

1.2 m5 m335.3 m

PP&E

18.4 m17.2 m16.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

31.2 m47.2 m47.7 m38.2 m45.6 m79.8 m49.1 m48 m

Accounts Receivable

1.8 m2 m2 m2 m2.2 m1.9 m2.1 m2.3 m

Inventories

321.6 m314.7 m337.9 m346.1 m353.4 m340.8 m379.2 m384.7 m

PP&E

18 m17.8 m17.4 m16.8 m16.8 m16.5 m16.4 m16.9 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

11 m44.7 m49.1 m

Depreciation and Amortization

4.2 m4.2 m

Inventories

(13.1 m)

Accounts Payable

12.7 m(137 k)1.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.7 m9.7 m12.4 m9.7 m10 m15.3 m11.5 m

Cash From Operating Activities

13.8 m40.8 m(1.6 m)15.2 m48.9 m

Purchases of PP&E

(601 k)(644 k)(111 k)(555 k)(724 k)

Cash From Investing Activities

(4.4 m)(27.9 m)(7.5 m)(11.4 m)(5.9 m)
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State National Companies Operating Metrics

FY, 2014FY, 2015FY, 2016

Reported Claims, units

63.58 k86.71 k72.97 k
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