Federated Nat (FNHC) Tops Q1 EPS by 43c

Federated Nat (NASDAQ: FNHC) reported Q1 EPS of $1.04, $0.43 better than the analyst estimate of $0.61.

Highlights (as measured against the same three-month period last year) include:

• 228% increase in basic earnings per share
• 117% increase in net premiums earned
• 109% increase in revenue
• 82% growth in Florida homeowners' policy count to approximately 152,600 policies
• 54% increase in gross premiums written
• Second quarter 2014 also included $1.3 million in realized gains, net of taxes

Michael H. Braun, the Company's Chief Executive Officer and President, said, "We are pleased to announce such strong earnings, which reflects the hard work of everyone associated with our organization, from the team that works for our company to our partner agents, vendors and reinsurers. We remain committed to the service that has enabled us to achieve this success and the discipline of writing quality business."

For earnings history and earnings-related data on Federated Nat (FNHC) click here.

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