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FedNat Holding Company (Nasdaq: FNHC) will release its 2021 first-quarter financial results on May 4, 2021, at 4:00 PM (ET). An investor conference call is scheduled for May 5, 2021, at 9:00 AM (ET). The company focuses on homeowners insurance in states such as Florida, Texas, and Louisiana through its subsidiaries. This upcoming announcement will provide key financial metrics that could impact FNHC's stock performance moving forward.
FedNat Holding Company (Nasdaq: FNHC) has scheduled its 2021 annual meeting of shareholders for May 27, 2021, at 11 AM (ET) in a virtual format. Shareholders of record by April 1, 2021, can participate in the voting process. As a regional insurance holding company, FedNat specializes in homeowners insurance across several states, including Florida, Texas, and Louisiana, managing its operations through subsidiaries like FedNat Insurance Company and Maison Insurance Company.
FedNat Holding Company (Nasdaq: FNHC) has successfully closed a public offering of 3,500,000 shares of common stock, priced at $4.75 per share, raising gross proceeds of $16.625 million. After expenses, the net proceeds amount to approximately $15.2 million. The funds will enhance liquidity for potential capital contributions to its insurance subsidiaries. Additionally, the underwriter has a 30-day option to purchase up to 525,000 additional shares. Piper Sandler & Co. acted as the sole bookrunner for this offering.
FedNat Holding Company (Nasdaq: FNHC) has announced a public offering of 3,500,000 shares of common stock, priced at $4.75 each, raising gross proceeds of $16.625 million. After expenses, net proceeds are expected to be about $15.2 million. The funds will be used for general corporate purposes, including liquidity for future capital contributions to subsidiaries. The offering is subject to market conditions and is anticipated to close on March 15, 2021. Additionally, the underwriter has a 30-day option to purchase up to 525,000 more shares.
FedNat Holding Company (Nasdaq: FNHC) has announced a proposed underwritten public offering of its common stock. The offering will solely consist of company-held shares and may include an additional 15% option for the underwriter. Market conditions will influence the timing and size of the offering, which is subject to various risks and uncertainties. Piper Sandler & Co. is the sole bookrunner for this offering. Investors are encouraged to review the preliminary prospectus supplement available through the SEC for detailed information.
FedNat Holding Company (Nasdaq: FNHC) reported a Q4 2020 net loss of $32.9 million, translating to $2.40 per diluted share, primarily due to severe weather-related claims totaling $31.1 million. Despite a 14.1% decrease in Florida homeowners policies, non-Florida policies increased by 15.8%. The company's gross written premiums rose 12.2% to $168.4 million, bolstered by the acquisition of Maison. However, total revenue decreased by 21.8% to $85.2 million, driven by lower net premiums earned. The company faced a non-cash impairment charge of $11.7 million, further impacting its financial standing.
FedNat Holding Company (Nasdaq: FNHC) will release its fourth quarter 2020 financial results on March 2, 2021, at 4:00 PM ET. An investor conference call is scheduled for March 3, 2021, at 9:00 AM ET, which can be accessed through the FedNat website or by calling 1-877-303-6913 with passcode 5264749. FedNat is a regional insurance holding company focused on homeowners insurance across several states, including Florida and Texas, and operates through its subsidiaries: FedNat Insurance Company, Maison Insurance Company, and Monarch National Insurance Company.
On November 9, 2020, FedNat Holding Company (Nasdaq: FNHC) announced that CEO Michael Braun and CFO Ronald Jordan will present at the CFA New York Society's 24th Annual Insurance Conference on November 10, 2020. This year, the event is virtual and in partnership with Raymond James & Associates, which will also facilitate one-on-one meetings. Registration for the conference is free for members and $75 for nonmembers. A copy of the presentation will be available on FedNat's Investor Relations website prior to the event.
FedNat Holding Company (Nasdaq: FNHC) has declared a quarterly dividend of $0.09 per share, payable on December 1, 2020. Stockholders of record must hold shares by November 16, 2020. The company operates as a regional insurance holding company, managing insurance underwriting and claims through its subsidiaries. FedNat primarily offers homeowners insurance across several states, including Florida and Texas, via a network of agents.
FedNat Holding Company (NASDAQ: FNHC) announced the formation of a Strategic Review Committee to explore strategic alternatives aimed at enhancing shareholder value. The committee has engaged Piper Sandler as a financial advisor for the review. In 2020, FedNat faced significant challenges due to catastrophe losses from severe weather, impacting performance. The company intends to continue executing its current business plan while assessing potential changes in strategy, business combinations, or other transactions. The review process does not have a set timetable for completion.
