FedNat Holding Company

#7288

Rank

$3.5K

MarketCap US

US United States

Country

Summary
FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses. It markets and distributes its own and third-party insurers' products, and other services through a network of independent and general agents. The company was formerly known as Federated National Holding Company and changed its name to FedNat Holding Company in May 2018. FedNat Holding Company was founded in 1991 and is based in Sunrise, Florida.

History

During the 1890s, the retail implement dealers in Minnesota formed an association, which proved to be very successful. In 1904, these dealers decided to try to reduce their insurance costs by organizing their own insurance company.Initially, the company was known as the Minnesota Implement Mutual Fire Insurance Company, and retained this name for many years. They would later become the Mutual Implement and Hardware Insurance Company, then Federated Mutual Implement and Hardware Insurance Company and, finally, Federated Mutual Insurance Company .

On January 1, 1948, Federated Mutual entered the casualty insurance field, and was one of the first major insurance companies to write both fire and casualty insurance. In November 1949, accident and health coverage was added, with group accident and health insurance being written for various trade associations and employer groups. Federated Life Insurance Company was organized in January 1959.


Mission
We will earn the trust of our customers and of our diverse distribution partners by always acting with integrity and fairness, and by working to exceed expectations. We are committed to teamwork and continuous improvement in all that we do. We will be prudent stewards of our assets, conservative navigators of risk, and steadfast in our resolve to preserve and enhance our reputation for enduring strength and success.

Vision
Our vision is to be the preferred provider of property and casualty insurance for our policyholders.

Key Team

Mr. C. Brian Turnau (Pres of Federated National Adjusting Inc)


Recognition and Awards
In 2019, FedNat Holding Company was ranked number 17 on the Insurance Journal Top 100 Independents list and received an A.M. Best A- rating.

References
FedNat Holding Company
Leadership team

Mr. Erick Anthony Fernandez (Interim CFO, Chief Accounting Officer & Treasurer)

Mr. David K. Patterson (Interim CEO, Pres & Director)

Mr. James Gordon Jennings III (VP of Risk Management & Corp. Sec.)

Products/ Services
Banking, Financial Services, Manufacturing, Real Estate
Number of Employees
100 - 500
Headquarters
Sunset, Florida, United States
Established
1992
Company Registration
SEC CIK number: 0001069996
Revenue
100M - 500M
Traded as
FNHC
Social Media
Fri Mar 01 2024
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