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

Martha Muir
February 23, 2022
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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.

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