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FedNat - About the company

FedNat is a public company based in Fort Lauderdale (United States), founded in 1992. It operates as an Insurance provider offering diverse coverage options, now under liquidation/receivership. FedNat has raised an undisclosed amount in funding. The company has 93 active competitors, including 8 funded and 17 that have exited. Its top competitors include companies like Fidelity National Financial, Heritage Insurance and GeoVera Insurance.

Company Details

Insurance provider offering diverse coverage options, now under liquidation/receivership. The company underwrote homeowners, federal flood, and other insurance lines. They offered a range of products to fit customer needs, ensuring policies, pricing, and service. They aimed to provide fair, fast, and personal service. They reinsured a portion of written premiums to limit loss exposure, managing capacity and protecting capital resources. They focused on homeowners multi-peril insurance solutions. The company also managed other insurance carriers’ lines of business, processing and adjusting claims. They were committed to providing exceptional customer service and personalized claims handling. The company is currently under liquidation and receivership.
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Phone Number
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Key Metrics
Founded Year
1992
Location
Fort Lauderdale, United States
Stage
Public
Latest Funding Round
Investors
Ranked
Annual Revenue
$100M - $500M as on Dec 31, 2021
Employee Count
341 as on Dec 31, 2021
Investment & Acquisitions
Exit Details
Public

FedNat's IPO details

FedNat got listed on Nov 05, 1998.
Click here to take a look at FedNat's IPO in detail
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FedNat's funding and investors

FedNat has raised funding over 3 rounds. Its first funding round was on Dec 28, 2017. FedNat has 1 institutional investor.

Here is the list of recent funding rounds of FedNat:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Apr 20, 2021
4406161
Post IPO
1472653
1244964
1926609
7548753
Jan 02, 2018
9375429
Conventional Debt
2261722
2773100
7731716
5355516
Dec 28, 2017
2946762
Conventional Debt
2025245
2991924
3927418
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FedNat's founders and board of directors

Founder? Claim Profile

FedNat's employee count trend

FedNat has 341 employees as of Dec 21. The total employee count is 10.0% lower than what it was in Dec 20. Here is FedNat's employee count trend over the years:
Employee count trend for FedNat
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FedNat's Competitors and alternates

Top competitors of FedNat include Fidelity National Financial, Heritage Insurance and GeoVera Insurance. Here is the list of Top 10 competitors of FedNat, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Fidelity National Financial
Fidelity National Financial
1847, Jacksonville (United States), Public
Financial institution offering insurance & transaction services
-
67/100
2nd
Logo for Heritage Insurance
Heritage Insurance
2012, Tampa (United States), Public
Property insurance company
-
57/100
3rd
Logo for GeoVera Insurance
GeoVera Insurance
1997, Fairfield (United States), Acquired
Earthquake insurance & Windstorm-Hurricane insurance company
$151M
55/100
4th
Logo for Kingstone Companies
Kingstone Companies
1886, Kingston (United States), Public
P&C insurance carrier
$195K
54/100
5th
Logo for Investors Title
Investors Title
1972, Chapel Hill (United States), Public
Title insurance, exchange services, and risk-management resources for real estate transactions
$610K
-
51/100
6th
Logo for Security First Insurance
Security First Insurance
2005, Ormond Beach (United States), Unfunded
Home insurance company
-
-
51/100
7th
Logo for Stand Insurance
Stand Insurance
2024, San Francisco (United States), Series B
Provider of AI-driven high-value property insurance
$65M
49/100
8th
Logo for Citizens
Citizens
2002, Tallahassee (United States), Unfunded
Florida's public insurance provider offering property coverage, claims, and storm assistance
-
-
45/100
9th
Logo for FM
FM
1835, Johnston (United States), Early Stage
Provider of commercial property insurance solutions
$8.04M
-
44/100
10th
Logo for Alpine Intel
Alpine Intel
2018, Charlotte (United States), Funding Raised
Provider of commercial property insurance services
-
41/100
31st
Logo for FedNat
FedNat
1992, Fort Lauderdale (United States), Public
Insurance provider offering diverse coverage options, now under liquidation/receivership
-
30/100
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FedNat's Investments and acquisitions

FedNat has acquired 3 companies including Maison Insurance Company, ClaimCor and Monarch National Insurance. FedNat has not made any investments as of now.
Here is the list of its acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Dec 02, 2019
Acquisition
2012
Baton Rouge (United States)
Dec 02, 2019
Acquisition
2013
Feb 23, 2018
Acquisition
2015
Tallahassee (United States)
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See all acquisitions by FedNat

Reports related to FedNat

Here is the latest report on FedNat's geography:

News related to FedNat

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FAQs about FedNat

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