SUNRISE, Fla. (AP) — FedNat Holding Company (FNHC) on Tuesday reported a first-quarter loss of $19.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Sunrise, Florida-based company said it had a loss of $1.35.
The insurance underwriter posted revenue of $52.7 million in the period.
FedNat Holding shares have dropped 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.14, a decrease of 54% in the last 12 months.
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