Press release content from Globe Newswire. The AP news staff was not involved in its creation.
FedNat Holding Company Reports Fourth Quarter and Full Year 2020 Results
FedNat Holding CompanyMarch 2, 2021 GMT
SUNRISE, Fla., March 02, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC) today reported results for the three and twelve months ended December 31, 2020.
Q4 2020 highlights (as measured against the same three-month period last year, except where noted):
Net loss of $32.9 million or $2.40 per diluted share
Adjusted operating loss of $26.9 million or $1.96 per diluted share.
$31.1 million, pre-tax, net of recoveries, of claims related to Hurricanes Delta, Zeta and Eta, which together impacted portions of Texas, Florida, Louisiana and Alabama, as previously communicated.