Raymond James Upgrades Federated National Holding (FNHC) to Strong Buy
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Federated National Holding Company Reports 2015 First Quarter Financial Results
April 30, 2015 4:00 PM EDTSUNRISE, Fla., April 30, 2015 (GLOBE NEWSWIRE) -- Federated National Holding Company (the "Company") (Nasdaq: FNHC) today reported results for the quarter ended March 31, 2015.
Highlights (as measured against the same three-month period last year, except where noted):
46.9% increase in Florida homeowners' policies to approximately 196,900 31.6% increase in gross premiums written to $106.7 million 14.6% increase in book value per share to $16.19 as compared with $14.13 at December 31, 2014 10.2% increase in net income to $9.3 million Net income of $9.3 million includes $1.7 million of accrued income resulting from the quota-share agreement that became effective July 1, 2014. The... More