FedNat Holding Company Voluntarily Files for Chapter 11 Bankruptcy Protection SUNRISE, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company, a regional insurance holding company, today announced that it and certain of its wholly-owned subsidiaries (collectively, the “Company”) have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Florida in order to maximize value for all stakeholders. As part of the Chapter 11 process, the Company will evaluate all strategic alternatives to maximize value for st...
FedNat Holding Company Announces Voluntary Nasdaq Delisting (Updated) SUNRISE, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC), a regional insurance holding company, today announced that it has notified The Nasdaq Stock Market LLC (“Nasdaq”) of the Company’s decision to voluntarily delist its common stock from the Nasdaq Global Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about November 7, 2022. The Company has been advised by Nasdaq that, due to concerns regarding the Company’s no...
FedNat Holding Company Announces Voluntary Nasdaq Delisting SUNRISE, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC), a regional insurance holding company, today announced that it has notified The Nasdaq Stock Market LLC (“Nasdaq”) of the Company’s decision to voluntarily delist its common stock from the Nasdaq Global Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about November 7, 2022. As a result, the Company expects the delisting of its common stock to become effective 10 days fol...
FedNat Receives Nasdaq Notification of Non-Compliance With Listing Rule 5250(c)(1) SUNRISE, Fla., Aug. 19, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC), a regional insurance holding company, today announced that on August 17, 2022, it received notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. The Comp...
FedNat Announces $15 Million Investment by Hale Partnership in Monarch National Insurance Company Announces Plan for Assumption of a Majority of FedNat National Insurance Company’s Florida Policies by Monarch Effective June 1, 2022 and Transfer of Non-Florida Policies to SageSure Carrier Partner Effective July 1, 2022 SUNRISE, Fla., May 24, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC) (FedNat), a regional insurance holding company, has entered into an agreement with Hale Partnership Capital Management LLC (Hale) pursuant to which funds managed by Hale will invest $15,0...
FedNat Holding Company Reports First Quarter 2022 Results SUNRISE, Fla., May 09, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company” or "FedNat") (Nasdaq: FNHC) today reported results for the three months ended March 31, 2022. First Quarter 2022 Results Q1 2022 highlights (as measured against the same three-month period last year, except where noted): Net loss of $31.3 million or $(1.79) per diluted share as compared to net loss of $19.4 million or $(1.35) per diluted share.Adjusted operating loss of $28.9 million or $(1.65) per diluted share as compared to adjusted operatin...
FedNat Announces First Quarter 2022 Earnings Call for Tuesday, May 10, 2022 SUNRISE, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, will announce its 2022 first quarter financial results after 4:00 PM (ET) on Monday, May 9, 2022. The investor conference call will be held on Tuesday, May 10, 2022, at 11:30 AM (ET). A live webcast of the call will be available in the investor relations section of the FedNat website, or by following this . Listeners interested in participating in the Q&A session can access the conference...
FedNat Receives Nasdaq Notification of Non-Compliance With Listing Rule 5250(c)(1) SUNRISE, Fla., April 01, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, today announced that on April 1, 2022, it received a letter (the Letter) from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Annual Report on Form 10-K for the year ended December 31, 2021. The Letter has no im...
FedNat Holding Company Reports Fourth Quarter and Full Year 2021 Results SUNRISE, Fla., March 03, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC) today reported results for the three and twelve months ended December 31, 2021. Q4 2021 highlights (as measured against the same three-month period last year, except where noted): Net loss of $8.6 million or $0.49 per diluted share as compared to net loss of $38.1 million or $2.77 per diluted share.Adjusted operating loss of $7.3 million or $0.42 per diluted share as compared to adjusted operating loss of $32.0 m...
FedNat Announces Fourth Quarter 2021 Earnings Call for Friday, March 4, 2022 SUNRISE, Fla., Feb. 22, 2022 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, will announce its 2021 fourth quarter financial results after 4:00 PM (ET) on Thursday, March 3, 2022. The investor conference call will be held on Friday, March 4, 2022, at 11:00 AM (ET). A live webcast of the call will be available in the investor relations section of the FedNat website, or by following this . Listeners interested in participating in the Q&A session can access the confe...
FedNat Reports Third Quarter 2021 Results and Announces Major Shift in Company Strategy FedNat to Refocus on Florida Homeowners Market and Exit Non-Florida Markets SUNRISE, Fla., Nov. 08, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company” or "FedNat") (Nasdaq: FNHC) today reported results for the three and nine months ended September 30, 2021. The Company also announced its intent to refocus its operations on the Florida homeowners market and to exit non-Florida markets. Refocus on Florida Homeowners Market FedNat announced its intent to refocus operati...
FedNat Announces Third Quarter 2021 Earnings Call for Tuesday, November 9, 2021 SUNRISE, Fla., Oct. 21, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, will announce its 2021 third quarter financial results after 4:00 PM (ET) on Monday, November 8, 2021. The investor conference call will be held on Tuesday, November 9, 2021, at 9:00 AM (ET). A live webcast of the call will be available in the investor relations section of the FedNat website, or by following this . Listeners interested in participating in the Q&A session can access the...
FedNat’s Strategic Review Committee Provides Update SUNRISE, Fla., Sept. 15, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (NASDAQ:FNHC), (“FedNat” or the “Company”), a regional property and casualty insurance holding company, today provided an update on the activities of its Strategic Review Committee (“SRC”), formed late last year by the Company’s Board of Directors to oversee a review of the Company’s business plan, capital deployment, geographic footprint and long-term strategy to identify strategic alternatives in an effort to create enhanced value for the Company’s stakeholders, i...
FedNat Holding Company Reports Second Quarter 2021 Results SUNRISE, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC) today reported results for the three and six months ended June 30, 2021. Q2 2021 highlights (as measured against the same three-month period last year, except where noted): Net loss of $50.4 million or $(2.89) per diluted share, including $17.0 million primarily for a non-cash charge for a valuation allowance against our net deferred tax asset. Excluding the non-cash charge, net loss of $33.4 million compares to net loss of $21...
FedNat Announces Rescheduling of Second Quarter 2021 Earnings Call for Tuesday, August 10, 2021 SUNRISE, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, announced that it has rescheduled the release of its 2021 second quarter financial results and its investor conference call. The release of 2021 second quarter results will be after 4:00 PM (ET) on Monday, August 9, 2021. The investor conference call will be held on Tuesday, August 10, 2021, at 9:00 AM (ET). A live webcast of the call will be available in the investor r...
FedNat Sets Second Quarter 2021 Earnings Call for Wednesday, August 4, 2021 SUNRISE, Fla., July 20, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, will announce its 2021 second quarter financial results after 4:00 PM (ET) on Tuesday, August 3, 2021. The investor conference call will be held on Wednesday, August 4, 2021, at 9:00 AM (ET). A live webcast of the call will be available in the investor relations section of the FedNat website, or by following this . Listeners interested in participating in the Q&A session can access the con...
FedNat Holding Company Reports First Quarter 2021 Results SUNRISE, Fla., May 04, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (the “Company”) (Nasdaq: FNHC) today reported results for the three months ended March 31, 2021. Q1 2021 highlights (as measured against the same three-month period last year, except where noted): Net loss of $19.4 million or $(1.35) per diluted share compared to net income of $2.1 million or $0.15 per diluted share.Adjusted operating loss of $19.4 million or $(1.35) per diluted share as compared to adjusted operating income of $4.3 million or $0.30 per dilute...
FedNat Holding Company Announces Closing of Offering of Convertible Senior Unsecured Notes Due 2026 SUNRISE, Fla., April 20, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (NASDAQ: FNHC) (the “Company”), a regional insurance holding company, announced that it has closed a private offering of $21 million aggregate principal amount of its 5.00% convertible senior unsecured notes due 2026 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be senior unsecured obligat...
FedNat Sets First Quarter 2021 Earnings Call for Wednesday, May 5, 2021 SUNRISE, Fla., April 19, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, will announce its 2021 first quarter financial results after 4:00 PM (ET) on Tuesday, May 4, 2021. The investor conference call will be held on Wednesday, May 5, 2021, at 9:00 AM (ET). A live webcast of the call will be available in the investor relations section of the FedNat website, or by following this . Listeners interested in participating in the Q&A session can access the conference ca...
FedNat Announces Annual Shareholder Meeting on May 27, 2021 SUNRISE, Fla., March 24, 2021 (GLOBE NEWSWIRE) -- FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding company, announced today that its Board of Directors has set the date of the Company’s 2021 annual meeting of shareholders for May 27, 2021. The meeting, which will be held in a web-based virtual format, will be held at 11 AM (ET). Shareholders of record as of the close of business on April 1, 2021 will be entitled to vote at the annual meeting. About the Company FedNat is a regional insurance holding company th...
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