FedNat Holding Company (Nasdaq: FNHC) will release its 2021 fourth quarter financial results on March 3, 2022, at 4:00 PM (ET). An investor conference call is scheduled for March 4, 2022, at 11:00 AM (ET). Shareholders can participate in the live webcast via the company's investor relations section or dial in using the toll-free number provided. FedNat primarily offers homeowners insurance in Florida through its subsidiaries, FedNat Insurance Company and Monarch National Insurance Company.
FG Financial Group (Nasdaq:FGF) reported results for Q3 and nine months ending September 30, 2021, highlighting a decrease in net loss to $5.4 million, or ($1.08) per share, from a loss of $9.9 million year-over-year. Net premiums earned increased to $1.1 million, indicating growth in their insurance sector, while unrealized gains from private investments reached $4.98 million. The company successfully completed a business combination with OppFi and announced Aldel Financial's merger with Hagerty, expected to list under ticker HGTY. The firm also maintained its dividend on Series A Preferred Shares for the 14th consecutive quarter.
FedNat Holding Company (Nasdaq: FNHC) announced a strategic refocus on the Florida homeowners market, exiting non-Florida markets amid significant operational challenges. The company plans an orderly runoff of Maison Insurance Company's operations, starting policy non-renewals in Louisiana and Texas in early 2022 and in Florida by mid-2022. FedNat aims to solidify its position in Florida, where it sees improved conditions and has increased rates by approximately 70% in recent years. Q3 2021 results reflected a net loss of $24.8 million, with reduced premiums and a high combined ratio of 165.4%.
FedNat Holding Company (Nasdaq: FNHC) will announce its 2021 third quarter financial results on November 8, 2021, after 4:00 PM ET. An investor conference call is scheduled for November 9, 2021, at 9:00 AM ET. A live webcast of the call will be accessible on the company’s investor relations website. FedNat specializes in homeowners insurance across several states, including Florida, Texas, and Louisiana, through its subsidiaries: FedNat Insurance Company, Maison Insurance Company, and Monarch National Insurance Company.
FedNat Holding Company (NASDAQ:FNHC) has updated stakeholders on the Strategic Review Committee's (SRC) efforts to enhance shareholder value. Formed in late 2020, the SRC, aided by Piper Sandler & Co., is reviewing the business plan and exploring strategic alternatives. The ongoing severe weather in 2021 has compounded financial challenges, leading to two capital raises totaling $36 million. The company maintains an A- rating from Demotech, reflecting financial stability, but acknowledges the need to demonstrate progress in business plans and capital raising to sustain this rating.
FedNat Holding Company (Nasdaq: FNHC) reported a net loss of $50.4 million or $(2.89) per diluted share for Q2 2021, primarily due to a $17.0 million non-cash charge against net deferred tax assets. Adjusted operating loss was also significant at $50.5 million. The firm faced $23.5 million in claims from 15 catastrophe events in Texas, Florida, and Louisiana, alongside a 21.7% decrease in Florida homeowners' policies. Despite a decline in gross written premiums to $196.3 million, the company is focused on improving profitability through strategic rate increases and managing its book of business.
FedNat Holding Company (Nasdaq: FNHC) has announced the rescheduling of its 2021 second quarter financial results release to August 9, 2021, at 4:00 PM (ET). The investor conference call will take place on August 10, 2021, at 9:00 AM (ET). Interested parties can access the live webcast on the company's investor relations website. FedNat focuses on providing homeowners insurance in states including Florida and Texas through its subsidiaries.
FedNat Holding Company (Nasdaq: FNHC) is set to announce its 2021 second quarter financial results on August 3, 2021, at 4:00 PM ET. Investors can join the conference call on August 4, 2021, at 9:00 AM ET. The call will be accessible via a live webcast on the company's investor relations page. With a focus on homeowners insurance across several states, including Florida and Texas, FedNat operates through subsidiaries like FedNat Insurance Company and Maison Insurance Company. Additional information can be found on their website.
FedNat Holding Company (Nasdaq: FNHC) reported a significant Q1 2021 loss of $19.4 million, equating to $(1.35) per diluted share, a stark contrast to a profit of $2.1 million in Q1 2020. Catastrophe losses from Winter Storm Uri accounted for $18.3 million. Gross written premiums rose to $174.2 million, a 0.7% increase year-over-year. However, the company saw a 17.9% drop in Florida homeowner policies. The book value per share decreased by 26.3% to $8.50 due to losses and stock issuance. FedNat raised $38 million through capital transactions to bolster liquidity and mitigate loss impacts.
FedNat Holding Company (NASDAQ: FNHC) has successfully completed a private offering of $21 million of 5.00% convertible senior unsecured notes due 2026. The notes, which are convertible into shares at an initial price of $6.00 per share, will mature on April 19, 2026 and pay interest semiannually. The proceeds will enhance liquidity for corporate purposes, including potential capital contributions to insurance subsidiaries. Additionally, the company received consents from holders of its 2029 notes to amend certain covenants, resulting in a 0.25% interest rate increase to 7.75% effective March 15, 2021.