FedNat Q2 loss deteriorates to $50.4mn as book shrinks
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FedNat Q2 loss deteriorates to $50.4mn as book shrinks

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FedNat posted a $50.4mn Q2 net loss that was more than double the loss incurred in the year ago period, as it took a “significant impact” from catastrophe losses and posted sharply lower premium income after relying more heavily on quota share cover.

The carrier’s combined ratio jumped to 283.5%, more than 100 points higher than the 147.9% recorded a year ago, on $44.6mn.

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