‘Substantial doubt’ FedNat can continue as going concern amid cat losses, downgrade
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‘Substantial doubt’ FedNat can continue as going concern amid cat losses, downgrade

Farhin Lilywala
April 25, 2022
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FedNat Insurance logo Fort Lauderdale Florida 2.jpg

FedNat disclosed in its 10-K today that “there is substantial doubt regarding its ability to continue as a going concern”.

The company cited its continued Q1 2022 underwriting losses due to catastrophe weather events along with its recent rating downgrade from Demotech to ‘S’ (substantial) from ‘A’ (exceptional).

The

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Farhin Lilywala
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