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Federated National Holding Company Message Board

  • ballen2123 ballen2123 Jan 17, 2013 3:01 AM Flag

    Loss and loss adjustment expenses

    Can someone explain to me how is it that FNHC's Loss and loss adjustment expenses is so high compared to HCI since HCI is writing so much more business than FNHC?

    Sentiment: Strong Buy

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    • they have legacy liabilities from poor policies that they are working on unwinding.... they also have an auto line and General liability line that under performs...However, all you have to do is look at the improvement in unearned premiums vs adjustment expenses and you will see the positive story behind FNHC. in addition it looks like the stock is about to breakout

 
FNHC
28.53-0.92(-3.12%)12:26 PMEDT