Edition:
United Kingdom

Fednat Holding Estimates Catastrophe Losses Incurred Will Reduce Its Q2 Pre-Tax Income By $9.3 Mln


Wednesday, 17 Jul 2019 

July 17 (Reuters) - Fednat Holding Co ::FEDNAT HOLDING CO - ESTIMATES CATASTROPHE LOSSES INCURRED WILL REDUCE ITS Q2 PRE-TAX INCOME BY $9.3 MILLION.FEDNAT HOLDING CO - GROSS CATASTROPHE LOSSES IN QUARTER AMOUNTED TO $17.0 MILLION.FEDNAT HOLDING CO - NON-FLORIDA LOSSES ARE SUBJECT TO A 50% PROFIT-SHARING AGREEMENT WITH A NON-AFFILIATED MANAGING GENERAL UNDERWRITER.FEDNAT HOLDING CO - DOES NOT ANTICIPATE THAT ANY OF INDIVIDUAL EVENTS IN Q2 WILL REACH RETENTION LEVELS.. 

Company Quote

13.46
0.32 +2.44%
16 Aug 2019