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.
- Website
- www.fednat.com/
- Phone Number
- +1 **********
Key Metrics
Founded Year
1992
Location
Fort Lauderdale, United States
Stage
Public
Latest Funding Round
Investors
Ranked
31st among 93 active competitors
Annual Revenue
$100M - $500M as on Dec 31, 2021
Employee Count
341 as on Dec 31, 2021
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with FedNat
FedNat is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FEDNAT HOLDING CO CIN: 1069996 , United States, Active | Sep 16, 1998 | $100M - $500M (As on Dec 31, 2021) | 341 (As on Dec 31, 2021) | - |
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 |
View details of FedNat's funding rounds and investors
FedNat's founders and board of directors
Founder? Claim ProfileFedNat'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:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Fidelity National Financial 1847, Jacksonville (United States), Public | Financial institution offering insurance & transaction services | - | 67/100 | |
2nd | Heritage Insurance 2012, Tampa (United States), Public | Property insurance company | - | 57/100 | |
3rd | GeoVera Insurance 1997, Fairfield (United States), Acquired | Earthquake insurance & Windstorm-Hurricane insurance company | $151M | 55/100 | |
4th | Kingstone Companies 1886, Kingston (United States), Public | P&C insurance carrier | $195K | 54/100 | |
5th | Investors Title 1972, Chapel Hill (United States), Public | Title insurance, exchange services, and risk-management resources for real estate transactions | $610K | - | 51/100 |
6th | Security First Insurance 2005, Ormond Beach (United States), Unfunded | Home insurance company | - | - | 51/100 |
7th | Stand Insurance 2024, San Francisco (United States), Series B | Provider of AI-driven high-value property insurance | $65M | 49/100 | |
8th | Citizens 2002, Tallahassee (United States), Unfunded | Florida's public insurance provider offering property coverage, claims, and storm assistance | - | - | 45/100 |
9th | FM 1835, Johnston (United States), Early Stage | Provider of commercial property insurance solutions | $8.04M | - | 44/100 |
10th | Alpine Intel 2018, Charlotte (United States), Funding Raised | Provider of commercial property insurance services | - | 41/100 | |
31st | FedNat 1992, Fort Lauderdale (United States), Public | Insurance provider offering diverse coverage options, now under liquidation/receivership | - | 30/100 |
Looking for more details on FedNat's competitors? Click here to see the top ones
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 | Tampa (United States) | |
Feb 23, 2018 | Acquisition | 2015 | Tallahassee (United States) |
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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SUITELIFE Underwriting Managers Hires Patrick McCahill as Chief Underwriting OfficerInsuranceNewsNet•Nov 17, 2022•Suitelifeum, FedNat
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Florida regulator recommends placing FedNat Insurance into receivershipInsurance Business America•Sep 28, 2022•FedNat
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FedNat’s remaining Texas business reinsured using Aon White Rock cellArtemis•Jul 11, 2022•FedNat, Aon
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SURE Insurance Picks Up 14,000 FedNat Policies in South CarolinaInsurance Journal•Jul 06, 2022•Sure, FedNat
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Hale Partnership Invests $15 Million into FedNat’s Monarch NationalInsurance Journal•May 31, 2022•FedNat, Hale Partnership
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