FedNat posts $74,593 net loss, $2.33 million cash balance for April

By Sarah Lizee

Olympia, Wash., May 18 – FedNat Holding Co. reported a $74,593 net loss on $241 of gross income/sales for April, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Florida.

The cash balance at the end of the month was $2.33 million.

The insurance holding company, which is based in Sunrise, Fla., filed bankruptcy on Dec. 12, 2022. The Chapter 11 case number is 22-19451.

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