Brief: Fednat - Catastrophe Weather Losses Incurred Will Reduce Q2 Net Income By About $21.8 Million, Net Of All Reinsurance Recoveries, On An After-Tax Basis

Fednat Holding Co

20/07/2021 21:22

July 20 (Reuters) - Fednat Holding Co  FNHC.O :
    * FEDNAT - CATASTROPHE WEATHER LOSSES INCURRED WILL REDUCE
Q2 NET
INCOME BY ABOUT $21.8 MILLION, NET OF ALL REINSURANCE
RECOVERIES, ON AN AFTER-TAX BASIS
    * FEDNAT HOLDING CO - CATASTROPHE LOSSES IN QUARTER WERE
DRIVEN BY
15 SEPARATE EVENTS
    * FEDNAT HOLDING CO - EXPECTS TO EARN $4.1 MILLION, PRE-TAX,
OF
CLAIMS HANDLING REVENUE RELATED TO Q2 CATASTROPHE WEATHER EVENTS

Source text for Eikon: [https://bit.ly/36Q3sGo]
Further company coverage:  FNHC.O 

 ((Reuters.Briefs@thomsonreuters.com;))