Federated National Insurance

Financial Services customer services insurance

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.

Revenue(FY, 2017)

$101.8 M

Market capitalization(2018-06-22)

$287.2 M

Reported Claims, units(FY, 2016)

20.9 K

Type

Public

Sunrise, US

Founded

1992

Size (employees)

381 (est)

Website

fednat.com

Federated National Insurance was founded in 1992 and is headquartered in Sunrise, US

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Federated National Insurance Office Locations

Federated National Insurance has an office in Sunrise

Sunrise, US (HQ)

180 14050 NW 14th St

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Federated National Insurance Financials and Metrics

Federated National Insurance Financials

Federated National Insurance's revenue was reported to be $101.75 m in FY, 2017

Summary

USD
Revenue (Q1, 2018)	93.1 m
Net income (Q1, 2018)	7.2 m
Market capitalization (22-Jun-2018)	287.2 m
Closing share price (22-Jun-2018)	22.6
Cash (31-Mar-2018)	55.6 m

Federated National Insurance's current market capitalization is $287.2 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	121.7 m	200.7 m	249.9 m	316.4 m	101.8 m
Revenue growth, %		65%	25%	27%
Operating expense total					92.2 m
Interest expense				348 k

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	31.9 m	49.7 m	59 m	43.2 m	54.9 m	58.8 m	72.6 m	69 m	75.1 m	83.8 m	92.9 m	97.6 m	93.1 m
General and administrative expense								4.1 m	5.1 m	4 m	4.6 m	5.1 m	6.1 m
Operating expense total	27.1 m	36 m	41 m	31.7 m	40.5 m	40.2 m	55 m	53.6 m	73.2 m	82.3 m	87.8 m	90.3 m	83.5 m
Interest expense						86 k	65 k	84 k	94 k	81 k	84 k	82 k	1.1 m

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash			53 m	74.6 m	86.2 m
Accounts Receivable				12.5 m
Inventories				409.7 m	444 m
PP&E	929 k	1.7 m	2.9 m	4.2 m	4 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash			72.6 m	80.1 m	106.2 m	80.5 m	99.5 m	55.6 m
Inventories	366 m	386.4 m	386.3 m	411.9 m	426.1 m	425.5 m	434.8 m	451.3 m
PP&E	2 m	2.8 m	3.2 m	3.3 m	3.9 m	4.2 m	4.3 m	3.8 m
Total Assets	601.1 m	634.3 m	666.1 m	721.6 m	749.5 m	788.2 m	825.7 m	848.2 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	12.7 m	37.2 m	40.4 m	50 k
Depreciation and Amortization			624 k	869 k
Accounts Payable	3.8 m	4.5 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Net Income	8.2 m	8.4 m	20 m	27.2 m	9.3 m	21 m		9.6 m	10.7 m	12.2 m	3.2 m	7.8 m	7.2 m
Depreciation and Amortization								187 k	392 k	620 k	270 k	275 k	371 k
Accounts Payable	4.8 m	(383 k)	1.6 m	1.2 m	(2 m)	(434 k)	5.5 m
Cash From Operating Activities	63.1 m	32.6 m	83.6 m	58.7 m	33.6 m	76.2 m	80.2 m	20.7 m	53.7 m	99.3 m	23.7 m	57 m	12.4 m