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Federated National reports 4Q loss

SUNRISE, Fla. (AP) _ Federated National Holding Co. (FNHC) on Thursday reported a fourth-quarter loss of $12.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Sunrise, Florida-based company said it had a loss of 89 cents.

The insurance underwriter posted revenue of $88.6 million in the period. Its adjusted revenue was $87.6 million.

For the year, the company reported a loss of $196,000, or 1 cent per share, swinging to a loss in the period. Revenue was reported as $313.3 million.

Federated National shares have risen nearly 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.35, an increase of nearly 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNHC at https://www.zacks.com/ap/FNHC


Keywords: Federated National, Earnings Report