Federated National (FNHC) Tops Q3 EPS by 22c

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Go back to Federated National (FNHC) Tops Q3 EPS by 22c

Federated National Holding Company Reports Third Quarter 2015 Basic Net Income of $0.77 Per Share and Other Results of Operations

November 4, 2015 4:00 PM EST

SUNRISE, Fla., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Federated National Holding Company (the "Company") (Nasdaq: FNHC) today reported results for the quarter ended September 30, 2015.

Highlights (as measured against the same three-month period last year, except where noted):

46.6% increase in net income to $10.6 million 41.1% increase in gross premiums written to $129.8 million 38.3% increase in Florida homeowners' policies to approximately 230,000 24.1% increase in book value per share, including non-controlling interest, to $17.53 and a 14.8% increase in book value per share, excluding non-controlling interest, to $16.22 as compared with $14.13 at December 31, 2014

Mr. Michael H.... More