FedNat Holding Company (FNHC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
14050 NW 14 STREET SUNRISE, FL 33323 |
State of Incorp. | FL |
Fiscal Year End | December 31 |
Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 172,825 | 116,616 | 72,800 | 105,524 | 62,394 | ||||
Cash and cash equivalents | 166,860 | 110,608 | 69,694 | 102,367 | 49,286 | ||||
Short-term investments | 5,965 | 6,008 | 3,106 | 3,157 | 13,108 | ||||
Total current assets: | 172,825 | 116,616 | 72,800 | 105,524 | 62,394 | ||||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 6,885 | 7,068 | 7,250 | 7,430 | 7,605 | ||||
Intangible assets, net (including goodwill) | (162) | 10,997 | |||||||
Goodwill | 10,997 | ||||||||
Intangible assets, net (excluding goodwill) | (162) | ||||||||
Total noncurrent assets: | 6,885 | 7,068 | 7,250 | 7,268 | 18,602 | ||||
Other undisclosed assets | 1,759,063 | 1,232,286 | 1,205,675 | 1,315,745 | 1,433,812 | ||||
TOTAL ASSETS: | 1,938,773 | 1,355,970 | 1,285,725 | 1,428,537 | 1,514,808 | ||||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Liabilities, other than long-term debt | 6,211 | 6,852 | 6,909 | 7,187 | 6,795 | ||||
Deferred revenue | 6,211 | 6,852 | 6,909 | 7,187 | 6,795 | ||||
Total noncurrent liabilities: | 6,211 | 6,852 | 6,909 | 7,187 | 6,795 | ||||
Other undisclosed liabilities | 1,861,339 | 1,250,704 | 1,131,707 | 1,263,190 | 1,306,537 | ||||
Total liabilities: | 1,867,550 | 1,257,556 | 1,138,616 | 1,270,377 | 1,313,332 | ||||
Equity | |||||||||
Equity, attributable to parent | 71,223 | 98,414 | 147,109 | 158,160 | 201,476 | ||||
Common stock | 174 | 174 | 173 | 137 | 137 | ||||
Additional paid in capital | 185,799 | 185,578 | 184,792 | 169,298 | 168,912 | ||||
Accumulated other comprehensive income (loss) | 2,442 | 5,073 | 4,186 | 11,386 | 15,763 | ||||
Retained earnings (accumulated deficit) | (117,192) | (92,411) | (42,042) | (22,661) | 16,664 | ||||
Total equity: | 71,223 | 98,414 | 147,109 | 158,160 | 201,476 | ||||
TOTAL LIABILITIES AND EQUITY: | 1,938,773 | 1,355,970 | 1,285,725 | 1,428,537 | 1,514,808 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
---|---|---|---|---|---|---|---|---|
Revenues | (178,510) | 66,724 | 59,038 | 52,748 | 84,829 | 97,316 | ||
Premiums earned, net | 53,929 | 35,481 | 39,745 | 63,200 | 83,546 | |||
Realized investment gains (losses) | 1,273 | 9,584 | 92 | 9,150 | 1,324 | |||
Other income | 6,658 | 9,004 | 7,922 | 7,022 | 6,439 | |||
Cost of revenue | (85,531) | (97,014) | (70,973) | (114,586) | (125,511) | |||
Policyholder benefits and claims incurred, net | (59,644) | (77,430) | (48,016) | (78,587) | (99,016) | |||
Gross profit: | (18,807) | (37,976) | (18,225) | (29,757) | (28,195) | |||
Operating expenses | (5,974) | (5,814) | (6,066) | (17,878) | (5,333) | |||
Operating loss: | (24,781) | (43,790) | (24,291) | (47,635) | (33,528) | |||
Interest and debt expense | (2,296) | (2,229) | (1,926) | (1,916) | (1,915) | |||
Other undisclosed income from continuing operations before equity method investments, income taxes | 2,229 | 1,926 | 1,916 | 1,915 | ||||
Loss from continuing operations before equity method investments, income taxes: | (27,077) | (43,790) | (24,291) | (47,635) | (33,528) | |||
Other undisclosed income from continuing operations before income taxes | 2,296 | |||||||
Loss from continuing operations before income taxes: | (24,781) | (43,790) | (24,291) | (47,635) | (33,528) | |||
Income tax expense (benefit) | (6,579) | 4,910 | 9,568 | 12,783 | ||||
Loss from continuing operations: | (24,781) | (50,369) | (19,381) | (38,067) | (20,745) | |||
Loss before gain (loss) on sale of properties: | ✕ | (24,781) | (50,369) | (19,381) | (38,067) | (20,745) | ||
Net loss available to common stockholders, diluted: | (24,781) | (50,369) | (19,381) | (38,067) | (20,745) |
Comprehensive Income ($ in thousands)Annual | Quarterly
3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
---|---|---|---|---|---|---|---|---|
Net loss: | (24,781) | (50,369) | (19,381) | (38,067) | (20,745) | |||
Other undisclosed comprehensive income (loss) | 887 | (7,200) | (4,377) | 1,373 | ||||
Comprehensive loss: | (24,781) | (49,482) | (26,581) | (42,444) | (19,372) | |||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (2,631) | |||||||
Comprehensive loss, net of tax, attributable to parent: | (27,412) | (49,482) | (26,581) | (42,444) | (19,372) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.