SUNRISE, Fla. (AP) _ FedNat Holding Company (FNHC) on Tuesday reported second-quarter earnings of $7.1 million.
The Sunrise, Florida-based company said it had net income of 55 cents per share. Earnings, adjusted for non-recurring gains, were 44 cents per share.
The insurance underwriter posted revenue of $105.3 million in the period. Its adjusted revenue was $103.3 million.
FedNat Holding shares have decreased 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12, a decline of 48% in the last 12 months.