Brief: Fednat Holding Company Posts Q4 Loss Per Share Of $2.40

Fednat Holding Co

02/03/2021 21:21

March 2 (Reuters) - Fednat Holding Co  FNHC.O :
    * MPANY REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS
    * Q4 ADJUSTED OPERATING LOSS PER SHARE $1.96
    * Q4 LOSS PER SHARE $2.40
    * Q4 REVENUE FELL 21.8 PERCENT TO $85.2 MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $-1.63 -- REFINITIV IBES
DATA
    * EXPECTS TO INCUR CLAIMS IN EXCESS OF ITS AGGREGATE
REINSURANCE
RETENTION, WHICH IS APPROXIMATELY $23 MILLION FOR WINTER STORM
URI
    * DUE TO INCREASE IN HURRICANE RESERVES, COMPANY HAS A
CO-PARTICIPATION OF APPROXIMATELY $18 MILLION IN EXCESS OF $61
MILLION
    * TOTAL EXPOSURE TO URI IS CURRENTLY ESTIMATED TO BE $41
MILLION,
PRE-TAX

Source text for Eikon:  ID:nGNX8Cbx16 
Further company coverage:  FNHC.O 

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