FedNat Holding Co

NASDAQ:FNHC   3:59:53 PM EDT
1.54
+0.04 (+2.67%)
Earnings Announcements

Fednat Reports Third Quarter 2021 Results And Announces Major Shift In Company Strategy

Published: 11/08/2021 21:12 GMT
FedNat Holding Co (FNHC) - Fednat Reports Third Quarter 2021 Results and Announces Major Shift in Company Strategy.
Q3 Adjusted Operating Loss per Share $1.49.
Q3 Loss per Share $1.42.
Q3 Revenue Fell 31.4 Percent to $66.7 Million.
Refocus on Florida Homeowners Market.
Elected to Commence an Orderly Runoff of Insurance Operations of Maison Insurance Company.
Nonrenewal of Maison's Florida Policies is Expected to Begin in June 2022.
Impact of Significant Catastrophe Weather Events Has Put a Strain on Capital Position.
Revenue is expected to be $168.39 Million
Adjusted EPS is expected to be -$0.83

Next Quarter Revenue Guidance is expected to be $148.08 Million
Next Quarter EPS Guidance is expected to be $0.19

More details on our Analysts Page.