Janney Montgomery Scott Downgrades Federated National Holding (FNHC) to Neutral
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Federated National Holding Company Reports Third Quarter 2016 Results
November 2, 2016 4:00 PM EDTSUNRISE, Fla., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Federated National Holding Company (the Company) (Nasdaq: FNHC) today reported results for the three and nine months ended September 30, 2016.
Q3 2016 highlights (as measured against the same three-month period last year, except where noted):
24.1% increase in gross written premiums to $161.1 million17.1% increase in Florida homeowners policies to approximately 271,00015.4% increase in total revenue to $83.8 million5.2% increase in book value per share, excluding noncontrolling interest, to $17.72 as compared with $16.85 at December 31, 2015Net income of approximately $1.4 million$4.0 million of claims, net of our... More