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
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 89,431105,524153,40064,42386,22874,593
Cash and cash equivalents 83,526102,367133,36164,42386,22874,593
Short-term investments 5,9053,15720,039   
Total current assets: 89,431105,524153,40064,42386,22874,593
Noncurrent Assets
Operating lease, right-of-use asset 6,6937,4308,096
Property, plant and equipment   10,9974,8194,0254,194
Intangible assets, net (including goodwill) (300)(162)    
Intangible assets, net (excluding goodwill) (300)(162)    
Total noncurrent assets: 6,3937,26819,0934,8194,0254,194
Other undisclosed assets 1,316,8461,315,7451,006,523856,129814,620734,340
TOTAL ASSETS: 1,412,6701,428,5371,179,016925,371904,873813,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 5,2407,1876,8564,5856,222 
Deferred revenue and credits4,5856,222 
Deferred revenue 5,2407,1876,856
Total noncurrent liabilities: 5,2407,1876,8564,5856,222 
Other undisclosed liabilities 1,348,0441,263,190923,467705,527671,192575,271
Total liabilities: 1,353,2841,270,377930,323710,112677,414575,271
Equity
Equity, attributable to parent 59,386158,160248,693215,259211,637219,129
Common stock 174137144128130134
Additional paid in capital 186,007169,298167,677141,128139,728136,779
Accumulated other comprehensive income (loss) (1,034)11,38610,281(3,750)1,7701,941
Retained earnings (accumulated deficit) (125,761)(22,661)70,59177,75370,00980,275
Equity, attributable to noncontrolling interest     15,82218,727
Total equity: 59,386158,160248,693215,259227,459237,856
TOTAL LIABILITIES AND EQUITY: 1,412,6701,428,5371,179,016925,371904,873813,127

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 245,549431,863414,961396,093391,662316,384
Premiums earned, net 183,303364,134  
Financial services revenue368,623350,654277,602
Cost of revenue (322,698)(508,398)(391,045)(353,702)(362,772)(296,465)
Policyholder benefits and claims incurred, net (232,760)(376,449)(273,080) 
Financial services costs(228,416)(247,557)(187,341)
Gross profit: (77,149)(76,535)23,91642,39128,89019,919
Operating expenses (25,635)(35,119)(23,203)(22,183)(19,963)(17,186)
Operating income (loss): (102,784)(111,654)71320,2088,9272,733
Interest and debt expense (8,758)(7,661)(10,776)(4,177)(348)(348)
Other undisclosed income from continuing operations before equity method investments, income taxes 8,7587,66110,7764,177348348
Income (loss) from continuing operations before income taxes: (102,784)(111,654)71320,2088,9272,733
Income tax expense (benefit) (316)33,496298(5,498)(3,585)(2,683)
Income (loss) from continuing operations: (103,100)(78,158)1,01114,7105,34250
Income (loss) before gain (loss) on sale of properties:(103,100)(78,158)1,01114,7105,34250
Net income (loss): (103,100)(78,158)1,01114,7105,34250
Net income (loss) attributable to noncontrolling interest    2182,647(246)
Net income (loss) available to common stockholders, diluted: (103,100)(78,158)1,01114,9287,989(196)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (103,100)(78,158)1,01114,7105,34250
Other comprehensive loss    (4,450)(429)(1,740)
Other undisclosed comprehensive income (loss)  1,10514,031(994)  
Comprehensive income (loss): (103,100)(77,053)15,0429,2664,913(1,690)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    4472,905(550)
Other undisclosed comprehensive loss, net of tax, attributable to parent (12,420)     
Comprehensive income (loss), net of tax, attributable to parent: (115,520)(77,053)15,0429,7137,818(2,240)

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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