Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report:  April 15, 2020
(Date of earliest event reported)

(Exact name of registrant as specified in its charter)

Florida   000-25001   65-0248866
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

14050 N.W. 14th Street, Suite 180
Sunrise, FL
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (800) 293-2532

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
Common Stock FNHC Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company         ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

Item 2.02. Results of Operations and Financial Condition.

FedNat Holding Company (the "Company") estimates, as of the date of this Current Report on Form 8-K, that catastrophe losses incurred during the quarter ended March 31, 2020 will reduce its first quarter pre-tax income by $8.7 million, which represents our catastrophe loss, net of all recoveries, including reinsurance. Gross catastrophe losses in the quarter amounted to approximately $11.0 million, including $3.5 million from FedNat Insurance Company (“FNIC")'s non-Florida property business. The non-Florida losses are subject to a 50% profit-sharing agreement with the non-affiliated managing general underwriter that writes FNIC’s non-Florida property business. These catastrophe losses arose primarily from several wind, thunderstorms and hail related severe weather events, which impacted Florida, Texas and Louisiana during the first quarter.

The Company's catastrophic reinsurance protection in place through June 30, 2020 provides coverage on each event if covered gross losses thereon exceed $20 million for FNIC's Florida and non-Florida business. The retention amounts are $5 million and $2 million for the businesses of Maison Insurance Company and Monarch National Insurance Company, respectively. The Company does not anticipate that any of the individual events in this quarter will reach these retention levels.

The information in this Current Report on Form 8-K is hereby intended to be furnished and, as provided in General Instruction B.2 of Form 8-K, such information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or under the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Current Report on Form 8-K.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 15, 2020 By: /s/ Ronald A. Jordan  

Name: Ronald A. Jordan
  Title: Chief Financial Officer
    (Principal Financial Officer)