Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, self-funded health plans and employment pre-screening services to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida.

Our end-to-end portfolio of services enables our clients to increase business production, contain costs, reduce claims experience and reduce employment risk. We leverage our strong distribution relationships, proprietary business processes, advanced technology infrastructure and management expertise to deliver these value-added services that help our clients navigate the workers' compensation, health plan administration and employment pre-screening landscape, ensure compliance with state regulations, handle all aspects of the claims and program administration processes and ultimately contain costs.

We work with leading insurance carriers to design workers' compensation and other multi-line programs according to their preferred risk parameters and specifications. In turn, these customized insurance programs are marketed through our broad distribution network of more than 1,750 independent retail agencies. While we play a central role in the underwriting, production and administration process, revenue for our services is fee-based and we do not write any insurance policies or bear underwriting risk. To our insurance carriers and other clients such as employers, local governments and reinsurance captives, we also offer a full suite of additional services including claims administration and adjudication, cost containment, nurse care management, fraud investigation and subrogation services, health plan administration and employment pre-screening.

Type
Public
HQ
Fort Lauderdale, US
Founded
2003
Size (employees)
1,145 (est)
Website
patnat.com
Patriot National was founded in 2003 and is headquartered in Fort Lauderdale, US

Patriot National Office Locations

Patriot National has an office in Fort Lauderdale
Fort Lauderdale, US (HQ)
1650 Bank of America Plaza 401 E Las Olas Blvd

Patriot National Metrics

Patriot National Financial Metrics

Revenue (2015)

$209.7 m

Net income (2015)

($5.4 m)

Market capitalization (21-Mar-2017)

$74.5 m

Closing share price (21-Mar-2017)

$2.4

Cash (31-Dec-2015)

$8.4 m
Patriot National's current market capitalization is $74.5 m.
Patriot National's revenue was reported to be $209.7 m in FY, 2015
FY, 2015

Revenue

$209.7 m

Operating expense total

$210.1 m

Interest expense

$3.5 m

Income tax expense

$4.9 m

Net Income

($5.4 m)
FY, 2015

Cash

$8.4 m

Current Assets

$65.3 m

Goodwill

$118.1 m

Total Assets

$308.2 m

Total Debt

$202 m

Current Liabilities

$90.7 m

Additional Paid-in Capital

$120 m

Retained Earnings

($33.3 m)

Total Equity

$86.5 m

Debt to Equity Ratio

2.3 x

Debt to Assets Ratio

0.7 x

Financial Leverage

3.6 x
FY, 2015

Net Income

($5.4 m)

Depreciation and Amortization

$14.6 m

Cash From Operating Activities

$2.6 m

Cash From Financing Activities

$94.3 m

Interest Paid

$3.5 m

Income Taxes Paid

$11.1 m

Patriot National Market Value History

Patriot National Online Presence

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