SUNRISE, Fla. (AP) _ Federated National Holding Co. (FNHC) on Tuesday reported fourth-quarter net income of $6.3 million, after reporting a loss in the same period a year earlier.
The Sunrise, Florida-based company said it had net income of 48 cents per share.
The insurance underwriter posted revenue of $101.8 million in the period. Its adjusted revenue was $98.3 million.
For the year, the company reported net income of $8 million, or 60 cents per share, swinging to a profit in the period. Revenue was reported as $365.9 million.
Federated National shares have fallen slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.50, a decline of roughly 10 percent in the last 12 months.