FedNat takes $12mn hit from Q4 cat losses, reserve strengthening
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

FedNat takes $12mn hit from Q4 cat losses, reserve strengthening

Martha Muir
23 February 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
FedNat Insurance logo Fort Lauderdale Florida.jpg

FedNat’s fourth quarter net income will be hit by $8mn of net catastrophe weather losses, as well as $4mn in reserve reserve strengthening, the Floridian insurer has announced.

The Q4 weather losses were driven by seven large storms which hit Florida, Texas and Louisiana in late 2021 and are net of reinsurance recoveries and offsetting fee income.

Around

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsFedNat
MM
Martha Muir
Reporter
Gift this article