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)

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 172,825116,61672,800105,52462,394
Cash and cash equivalents 166,860110,60869,694102,36749,286
Short-term investments 5,9656,0083,1063,15713,108
Total current assets: 172,825116,61672,800105,52462,394
Noncurrent Assets
Operating lease, right-of-use asset 6,8857,0687,2507,4307,605
Intangible assets, net (including goodwill)     (162)10,997
Goodwill      10,997
Intangible assets, net (excluding goodwill)     (162) 
Total noncurrent assets: 6,8857,0687,2507,26818,602
Other undisclosed assets 1,759,0631,232,2861,205,6751,315,7451,433,812
TOTAL ASSETS: 1,938,7731,355,9701,285,7251,428,5371,514,808
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 6,2116,8526,9097,1876,795
Deferred revenue 6,2116,8526,9097,1876,795
Total noncurrent liabilities: 6,2116,8526,9097,1876,795
Other undisclosed liabilities 1,861,3391,250,7041,131,7071,263,1901,306,537
Total liabilities: 1,867,5501,257,5561,138,6161,270,3771,313,332
Equity
Equity, attributable to parent 71,22398,414147,109158,160201,476
Common stock 174174173137137
Additional paid in capital 185,799185,578184,792169,298168,912
Accumulated other comprehensive income (loss) 2,4425,0734,18611,38615,763
Retained earnings (accumulated deficit) (117,192)(92,411)(42,042)(22,661)16,664
Total equity: 71,22398,414147,109158,160201,476
TOTAL LIABILITIES AND EQUITY: 1,938,7731,355,9701,285,7251,428,5371,514,808

Income Statement (P&L) ($ in thousands)

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)66,72459,03852,74884,82997,316
Premiums earned, net 53,92935,48139,74563,20083,546
Realized investment gains (losses) 1,2739,584929,1501,324
Other income 6,6589,0047,9227,0226,439
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   2,2291,9261,9161,915
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)4,9109,56812,783
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)

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.

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