Federated National Holding Company Declares Regular Quarterly Dividend
September 21 2017 - 2:00PM
Federated National Holding Company (NASDAQ:FNHC), an insurance
holding company, today announced that its Board of Directors
declared a cash dividend of $0.08 per share of common stock
outstanding, payable on December 1, 2017 to shareholders of record
on November 1, 2017.
About the Company
The Company is authorized to underwrite, and/or
place through our wholly owned subsidiaries, homeowners’
multi-peril, commercial general liability, federal flood, personal
auto and various other lines of insurance in Florida and various
other states. The Company also serves as managing general
agent for its joint venture, Monarch National Insurance
Company. The Company markets and distributes its own and
third-party insurers’ products and our other services through a
network of independent agents. The Company also utilizes a select
number of general agents for the same purpose.
Forward-Looking Statements /Safe Harbor
Statements
Safe harbor statement under the Private Securities Litigation
Reform Act of 1995:
Statements that are not historical fact are
forward-looking statements that are subject to certain risks and
uncertainties that could cause actual events and results to differ
materially from those discussed herein. Without limiting the
generality of the foregoing, words such as “anticipate,” “believe,”
“budget,” “contemplate,” “continue,” “could,” “envision,”
“estimate,” “expect,” “guidance,” “indicate,” “intend,” “may,”
“might,” “plan,” “possibly,” “potential,” “predict,” “probably,”
“pro-forma,” “project,” “seek,” “should,” “target,” or “will” or
the negative thereof or other variations thereon and similar words
or phrases or comparable terminology are intended to identify
forward-looking statements.
Forward-looking statements might also include, but are not
limited to, one or more of the following:
- Projections of revenues, income, earnings per share, dividends,
capital structure or other financial items or measures;
- Descriptions of plans or objectives of management for future
operations, insurance products/or services;
- Forecasts of future insurable events, economic performance,
liquidity, need for funding and income; and
- Descriptions of assumptions or estimates underlying or relating
to any of the foregoing.
The risks and uncertainties include, without
limitation, risks and uncertainties related to estimates,
assumptions and projections generally; the nature of the Company’s
business; the adequacy of its reserves for losses and loss
adjustment expense; claims experience; weather conditions
(including the severity and frequency of storms, hurricanes,
tornadoes and hail) and other catastrophic losses; reinsurance
costs and the ability of reinsurers to indemnify the Company;
raising additional capital and our potential failure to meet
minimum capital and surplus requirements; potential assessments
that support property and casualty insurance pools and
associations; the effectiveness of internal financial controls; the
effectiveness of our underwriting, pricing and related loss
limitation methods; changes in loss trends, including as a result
of insureds’ assignment of benefits; court decisions and trends in
litigation; our potential failure to pay claims accurately; ability
to obtain regulatory approval applications for requested rate
increases, or to underwrite in additional jurisdictions, and the
timing thereof; the impact that the results of the Monarch joint
venture may have on our results of operations; inflation and other
changes in economic conditions (including changes in interest rates
and financial markets); pricing competition and other initiatives
by competitors; legislative and regulatory developments; the
outcome of litigation pending against the Company, and any
settlement thereof; dependence on investment income and the
composition of the Company’s investment portfolio; insurance
agents; ratings by industry services; the reliability and security
of our information technology systems; reliance on key personnel;
acts of war and terrorist activities; and other matters described
from time to time by the Company in releases and publications, and
in periodic reports and other documents filed with the United
States Securities and Exchange Commission.
In addition, investors should be aware that
generally accepted accounting principles prescribe when a company
may reserve for particular risks, including claims and litigation
exposures. Accordingly, results for a given reporting period could
be significantly affected if and when a reserve is established for
a contingency. Reported results may therefore appear to be volatile
in certain accounting periods.
Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date on which they are made. We do not undertake any
obligation to update publicly or revise any forward-looking
statements to reflect circumstances or events that occur after the
date the forward-looking statements are made.
CONTACT:
Michael H. Braun, CEO (954) 308-1322,
Ronald Jordan, CFO (954) 308-1363,
or Erick A. Fernandez, CAO (954) 308-1341
Federated National Holding Company
FedNat (NASDAQ:FNHC)
Historical Stock Chart
From Aug 2024 to Sep 2024
FedNat (NASDAQ:FNHC)
Historical Stock Chart
From Sep 2023 to Sep 2024