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For the three months ended 31 March 2022, Fednat Holding Co revenues decreased 20% to $42.2M. Net loss increased from $19.4M to $43.9M. Revenues reflect Net investment income decrease of 24% to $1.3M. Higher net loss reflects General and administrative expenses increase of 15% to $7M (expense), Interest expense increase of 19% to $2.3M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$1.35 to -$2.51.
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Revenue | 42.24 | 66.72 | 59.04 | |
Gross Profit | -33.14 | -13.39 | -32.68 | |
Operating Income | -42.65 | -22.48 | -41.56 | |
Net Income | -43.91 | -24.78 | -50.37 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Assets | 1201.96 | 1412.67 | 1938.77 | 1355.97 |
Total Liabilities | 1187.82 | 1353.28 | 1867.55 | 1257.56 |
Total Equity | 14.14 | 59.39 | 71.22 | 98.41 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -37.02 | -8.04 | 27.48 | |
Cash From Investing Activities | 40.86 | 64.63 | -6.95 | |
Cash From Financing Activities | 0 | -0.337 | 20.39 | |
Net Change in Cash | 3.83 | 56.25 | 40.91 |
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