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FedNat Holding: 3Q Earnings Snapshot

·1 min read

SUNRISE, Fla. (AP) _ FedNat Holding Company (FNHC) on Wednesday reported a third-quarter loss of $20.7 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 $1.51. Losses, adjusted for non-recurring gains, were $1.57 per share.

The insurance underwriter posted revenue of $97.3 million in the period. Its adjusted revenue was $96 million.

FedNat Holding shares have declined 69% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.22, a decrease of 63% in the last 12 months.

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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