ProfileJobs (5)

Federated National Insurance

Financial Servicesinsurance
Founded in Florida in 1992, we are committed to providing fair and competitive pricing coupled with exceptional customer service. Federated National Insurance Company currently holds a Financial Stability Rating® of “A” (Exceptional) by Demotech, Inc. and an A+ by the Better Business Bureau. We specialize in: • Homeowners Insurance • High Value Homes • Condo Insurance • Flood Insurance • Umbrella Liability Insurance • General Liability Insurance Federated National underwrites homeowners’ multi-peril (“homeowners”), 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.
Revenue(Q1, 2017)
$92.9 M
Market capitalization(2017-08-18)
$202.4 M
Reported Claims, units(FY, 2016)
20.9 K
Company Growth (employees)
Type
Public
HQ
Sunrise, US
Founded
1992
Size (employees)
381 (est)+29%
Website
fednat.com
Federated National Insurance was founded in 1992 and is headquartered in Sunrise, US

Federated National Insurance Office Locations

Federated National Insurance has an office in Sunrise
Sunrise, US (HQ)
180 14050 NW 14th St

Federated National Insurance Data and Metrics

Federated National Insurance Financial Metrics

Federated National Insurance's revenue was reported to be $92.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

92.9 m

Net income (Q1, 2017)

3.2 m

Market capitalization (18-Aug-2017)

202.4 m

Cash (31-Mar-2017)

80.5 m
Federated National Insurance's current market capitalization is $202.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

121.7 m200.7 m249.9 m316.4 m

Revenue growth, %

65%25%27%

Operating expense total

102.5 m143.4 m184.7 m313.7 m

Interest expense

348 k

Pre tax profit

65.2 m2.7 m

Income tax expense

24.8 m2.7 m

Net Income

12.7 m37.2 m40.4 m50 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

59 m43.2 m54.9 m58.8 m72.6 m69 m75.1 m83.8 m92.9 m

General and administrative expense

4.1 m5.1 m4 m4.6 m

Operating expense total

4.1 m5.1 m4 m4.6 m

Interest expense

86 k65 k84 k94 k81 k84 k

Pre tax profit

15.4 m1.8 m1.5 m5.1 m

Income tax expense

5.8 m697 k102 k1.9 m

Net Income

20 m27.2 m9.3 m21 m9.6 m10.7 m12.2 m3.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

53 m74.6 m

Accounts Receivable

12.5 m

Inventories

409.7 m

PP&E

929 k1.7 m2.9 m4.2 m

Total Assets

316.7 m503.6 m638.3 m813.1 m

Accounts Payable

6.5 m10.9 m6.7 m

Total Liabilities

575.3 m

Additional Paid-in Capital

80.5 m127.3 m132 m136.8 m

Retained Earnings

21.9 m57.4 m96.5 m80.3 m

Total Equity

108.5 m192.6 m250.8 m237.9 m

Financial Leverage

2.9 x2.6 x2.5 x3.4 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

72.6 m80.1 m106.2 m80.5 m

Inventories

366 m386.4 m386.3 m411.9 m426.1 m425.5 m

PP&E

2 m2.8 m3.2 m3.3 m3.9 m4.2 m

Total Assets

601.1 m634.3 m666.1 m721.6 m749.5 m788.2 m

Accounts Payable

10.5 m16.4 m

Additional Paid-in Capital

129.5 m131.2 m132.9 m135.3 m136.4 m137.4 m

Retained Earnings

77.3 m87.2 m103.4 m102.2 m99.3 m80.5 m

Total Equity

231.4 m241.5 m261.2 m265.7 m263.4 m241 m

Financial Leverage

2.6 x2.6 x2.6 x2.7 x2.8 x3.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

12.7 m37.2 m40.4 m50 k

Depreciation and Amortization

624 k869 k

Accounts Payable

3.8 m4.5 m

Cash From Operating Activities

79.7 m63.1 m52.9 m69.8 m

Purchases of PP&E

(629 k)(969 k)(1.7 m)(2.1 m)

Cash From Investing Activities

(87.1 m)(107.9 m)(63.6 m)(33.2 m)

Dividends Paid

(1.2 m)(1.7 m)(1.8 m)(4.7 m)

Cash From Financing Activities

27.7 m43.5 m23.6 m(15 m)

Income Taxes Paid

1.9 m19.2 m16.3 m14.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

20 m27.2 m9.3 m21 m9.6 m10.7 m12.2 m3.2 m

Depreciation and Amortization

187 k392 k620 k270 k

Accounts Payable

1.6 m1.2 m(2 m)(434 k)5.5 m

Cash From Operating Activities

83.6 m58.7 m33.6 m76.2 m80.2 m20.7 m53.7 m99.3 m23.7 m

Purchases of PP&E

(718 k)(1.1 m)(122 k)(542 k)(1.5 m)(523 k)(822 k)(1.6 m)(314 k)

Cash From Investing Activities

(68.2 m)(98.1 m)(3.3 m)(37.7 m)(61.9 m)1.2 m(22.5 m)(38.3 m)(14.9 m)

Dividends Paid

(695 k)(1 m)(566 k)(1.1 m)(1.8 m)(1.6 m)(2.4 m)(3.6 m)(1.1 m)

Cash From Financing Activities

670 k43.8 m17.7 m17.6 m17.7 m(2.4 m)(4.2 m)(7.8 m)(2.9 m)

Income Taxes Paid

13.3 m18.2 m5.7 m10.7 m15.7 m2.3 m14.4 m14.4 m(6.7 m)
USDY, 2017

Revenue/Employee

274.1 k

Financial Leverage

3.3 x

Federated National Insurance Operating Metrics

Federated National Insurance's Reported Claims, units was reported to be 20.9 k in FY, 2016, which is a 87% increase from the previous period
FY, 2014FY, 2015FY, 2016

Reported Claims, units

5.68 k11.2 k20.92 k

    Federated National Insurance Market Value History

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    Market Position of Federated National Insurance

    Competitors

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