NatGen misses as lender-placed product nicks results

National General widely missed Wall Street earnings forecasts
for the second quarter, posting an operating profit of $0.11 a
share as its scandal-rocked lender-placed insurance and
weather-related losses dragged down its results.
Analysts had projected earnings of $0.38 per share, the average
of five estimates collected by MarketWatch.
The lackluster performance came despite a 35 percent gain to
$941mn in net written premiums as three acquisitions bolstered a
nearly 16 percent organic growth rat