Meadowbrook Insurance Group Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue	216.24M	224.77M	214.74M	204.23M	193.48M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	195.86M	204.10M	193.62M	183.85M	163.42M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	20.38M	20.67M	21.12M	20.37M	30.06M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	7.712M	6.515M	6.149M	4.912M	7.599M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization	1.416M	1.327M	1.208M	1.206M	1.232M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	204.99M	211.94M	200.98M	189.97M	172.25M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	11.26M	12.83M	13.77M	14.26M	21.23M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income	-1.977M	-2.027M	-2.066M	-2.082M	-2.172M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	9.279M	10.80M	11.70M	12.17M	19.06M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	1.855M	2.024M	2.59M	2.408M	5.459M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	7.424M	8.776M	9.111M	9.765M	13.60M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates	0.68M	0.496M	0.641M	0.174M	1.05M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations	8.104M	9.272M	9.752M	9.939M	14.65M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	8.104M	9.272M	9.752M	9.939M	14.65M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS	50.92	52.40	52.36	53.25	53.53	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	50.92	52.40	52.24	53.10	53.25	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.16	0.17	0.19	0.19	0.28	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.16	0.18	0.19	0.19	0.27	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro