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Federated National Insurance

OverviewSuggest Edit

Federated National Insurance is committed to providing fair and competitive pricing coupled with exceptional customer service. The Company specializes in such insurances as homeowners, high value homes, condo, flood, umbrella liability, general liability. Federated National underwrites homeowners’ multi-peril, commercial general liability, federal flood, personal auto and various other lines of insurance in Florida. Federated National also underwrites homeowners’ and dwelling fire policies in Alabama, Louisiana, South Carolina and Texas through its partnership with SageSure Insurance Managers. Federated National affiliated companies are licensed and have the facilities to market and underwrite other insurance carriers’ lines of business, as well as to process and adjust claims for third party insurance carriers.

TypePublic
Founded1992
HQSunrise, USMap
Websitefednat.com
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Latest Updates

Employees (est.) (Dec 2019)357(+13%)
Revenue (FY, 2019)$415 M(+5%)
Share Price (Nov 2020)$6.1
Cybersecurity ratingDMore

Key People/Management at Federated National Insurance

Ronald A. Jordan

Ronald A. Jordan

CFO
Erick A. Fernandez

Erick A. Fernandez

Chief Accounting Officer
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Federated National Insurance Office Locations

Federated National Insurance has offices in Sunrise and Fort Lauderdale
Sunrise, US (HQ)
14050 NW 14th St #180
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Federated National Insurance Financials and Metrics

Federated National Insurance Revenue

Federated National Insurance's revenue was reported to be $414.96 m in FY, 2019
USD

Revenue (Q2, 2020)

134.0m

Gross profit (Q2, 2020)

4.1m

Gross profit margin (Q2, 2020), %

3.1%

Net income (Q2, 2020)

(21.5m)

Market capitalization (17-Nov-2020)

84.2m

Closing stock price (17-Nov-2020)

6.1

Cash (30-Jun-2020)

163.9m

EV

18.9m
Federated National Insurance's current market capitalization is $84.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

60.2m68.6m121.7m200.7m249.9m316.4m391.7m396.1m415.0m

Revenue growth, %

65%25%27%

Cost of goods sold

30.2m56.4m187.3m247.6m228.4m273.1m

Gross profit

38.4m65.3m129.0m144.1m167.7m141.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

14.2m16.2m14.7m16.8m17.3m21.9m28.2m31.9m49.7m59.0m43.2m54.9m58.8m72.6m69.0m75.1m83.8m92.9m97.6m95.9m93.1m95.7m110.8m101.2m105.3m99.5m115.7m134.0m

Cost of goods sold

9.3m20.8m43.6m50.8m55.0m72.9m46.1m47.6m62.5m66.8m65.3m62.1m68.9m129.9m

Gross profit

12.5m28.9m40.2m42.1m42.6m23.0m47.0m48.2m48.4m34.4m40.0m37.4m46.8m4.1m

Gross profit Margin, %

57%58%48%45%44%24%51%50%44%34%38%38%40%3%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

15.2m21.1m41.4m40.2m53.0m74.6m86.2m64.4m133.4m

Accounts Receivable

12.5m

Inventories

409.7m

PP&E

842.0k564.0k929.0k1.7m2.9m4.2m4.0m4.8m11.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

22.1m15.1m15.5m21.4m10.9m28.2m49.3m47.0m50.5m57.5m45.9m88.2m96.3m76.2m72.6m80.1m106.2m80.5m99.5m81.5m55.6m83.9m69.5m100.6m133.8m121.4m123.2m163.9m

PP&E

739.0k627.0k814.0k805.0k777.0k883.0k906.0k915.0k1.1m1.5m1.7m1.7m2.0m2.8m3.2m3.3m3.9m4.2m4.3m4.2m3.8m3.7m4.1m

Goodwill

11.0m11.0m

Total Assets

189.2m178.8m183.3m187.5m187.2m206.0m237.5m259.0m348.4m409.8m475.6m555.3m601.1m634.3m666.1m721.6m749.5m788.2m825.7m1.2b848.2m951.8m890.6m1.0b996.3m1.1b1.2b1.2b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(430.0k)4.3m12.7m37.2m40.4m50.0k5.3m14.7m1.0m

Depreciation and Amortization

168.0k195.0k263.0k149.0k624.0k869.0k1.2m1.4m1.5m

Accounts Payable

956.0k(486.0k)3.8m4.5m

Cash From Operating Activities

4.2m1.5m79.7m63.1m52.9m69.8m13.1m30.3m35.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(2.8m)(2.4m)1.1m2.5m3.2m2.3m4.9m8.2m8.4m20.0m27.2m9.3m21.0m9.6m10.7m12.2m3.2m7.8m604.0k7.2m16.1m24.0m(3.9m)3.2m7.9m2.1m(19.3m)

Depreciation and Amortization

97.0k132.0k48.0k96.0k146.0k53.0k121.0k190.0k76.0k189.0k334.0k152.0k302.0k495.0k187.0k392.0k620.0k270.0k275.0k312.0k371.0k682.0k1.0m355.0k725.0k1.1m465.0k1.1m

Accounts Payable

857.0k(1.0m)(740.0k)(980.0k)211.0k3.7m3.5m4.8m(383.0k)1.6m1.2m(2.0m)(434.0k)5.5m

Cash From Operating Activities

12.1m5.0m1.1m10.3m6.2m17.7m44.2m63.1m32.6m83.6m58.7m33.6m76.2m80.2m20.7m53.7m99.3m23.7m57.0m42.3m12.4m41.0m28.3m(6.8m)25.6m26.4m21.4m57.1m
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USDQ2, 2011

Financial Leverage

3.4 x
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Federated National Insurance Operating Metrics

Federated National Insurance's Reported Claims, units was reported to be 20.9 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, units

5.68 k11.20 k20.92 k
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Federated National Insurance Cybersecurity Score

Cybersecurity ratingPremium dataset

D

67/100

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Federated National Insurance Online and Social Media Presence

Federated National Insurance's Trends

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Federated National Insurance Blogs

November 09, 2020

Investor Presentation Third Quarter 2020

/wp-content/uploads/2020/11/FNHC.11.9.20-8-K.pdf The post Investor Presentation Third Quarter 2020 appeared first on FedNat Insurance Company.
November 09, 2020

CFA New York Insurance Conference Participation

/wp-content/uploads/2020/11/FNHC-CFANY-Release.pdf The post CFA New York Insurance Conference Participation appeared first on FedNat Insurance Company.
November 04, 2020

Quarterly Dividend Announcement

/wp-content/uploads/2020/11/Dividend-PR.pdf The post Quarterly Dividend Announcement appeared first on FedNat Insurance Company.
November 04, 2020

Formation of Strategic Review Committee

/wp-content/uploads/2020/11/8-K-Strategic-Review.pdf The post Formation of Strategic Review Committee appeared first on FedNat Insurance Company.
November 04, 2020

Third Quarter of 2020 Results

/wp-content/uploads/2020/11/3Q20-Earnings-Press-Release.pdf The post Third Quarter of 2020 Results appeared first on FedNat Insurance Company.
October 21, 2020

Third Quarter 2020 Earnings Call

The post Third Quarter 2020 Earnings Call appeared first on FedNat Insurance Company.
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 Federated National Insurance Frequently Asked Questions

  • When was Federated National Insurance founded?

    Federated National Insurance was founded in 1992.

  • Who are Federated National Insurance key executives?

    Federated National Insurance's key executives are Ronald A. Jordan and Erick A. Fernandez.

  • How many employees does Federated National Insurance have?

    Federated National Insurance has 357 employees.

  • What is Federated National Insurance revenue?

    Latest Federated National Insurance annual revenue is $415 m.

  • What is Federated National Insurance revenue per employee?

    Latest Federated National Insurance revenue per employee is $1.2 m.

  • Who are Federated National Insurance competitors?

    Competitors of Federated National Insurance include USAble Life, BLP (Building LifePlans Ltd) and Triple-S Management Corporation.

  • Where is Federated National Insurance headquarters?

    Federated National Insurance headquarters is located at 14050 NW 14th St #180, Sunrise.

  • Where are Federated National Insurance offices?

    Federated National Insurance has offices in Sunrise and Fort Lauderdale.

  • How many offices does Federated National Insurance have?

    Federated National Insurance has 2 offices.