About FedNat
FedNat is a company based in Fort Lauderdale (United States) founded in 1992.. The company has 341 employees as of December 31, 2021. FedNat has completed 3 acquisitions, including ClaimCor, Maison Insurance Company and Monarch Insurance Company. FedNat offers products and services including Homeowners Insurance, Condo Insurance, Renters Insurance, Flood Insurance, and Personal Umbrella Insurance. FedNat operates in a competitive market with competitors including Fidelity National Financial, GeoVera Insurance, Homeowners of America Insurance, TypTap Insurance and Kingstone Companies, among others.
- Headquarter Fort Lauderdale, United States
- Employees 341 as on 31 Dec, 2021
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fednat Holding Co
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Annual Revenue
$245.55 M-43as on Dec 31, 2021
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Net Profit
$-103.1 M-32as on Dec 31, 2021
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EBITDA
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Latest Funding Round
$21 M (USD), Post-IPO
Apr 20, 2021
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Investors
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Employee Count
341
as on Dec 31, 2021
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Investments & Acquisitions
ClaimCor
& 2 more
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Products & Services of FedNat
FedNat offers a comprehensive portfolio of products and services, including Homeowners Insurance, Condo Insurance, Renters Insurance, Flood Insurance, and Personal Umbrella Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for home damage and liability protection.
Protection for condominium units and contents.
Insurance for personal belongings in rented properties.
Coverage against flood-related damages.
Extra liability protection beyond standard policies.
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Funding Insights of FedNat
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $21.0M
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First Round
First Round
(02 Jan 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Post-IPO - FedNat | Valuation |
investors |
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| Jan, 2018 | Amount | Debt – Conventional - FedNat | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by FedNat
FedNat has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ClaimCor, Maison Insurance Company and Monarch Insurance Company. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Property insurance agency services are provided nationwide.
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2015 | ||||
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Provider of claim, property and casualty insurance services
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2013 | ||||
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Home, condo, flood, umbrella, and landlord insurance services are offered.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FedNat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fednat Comparisons
Competitors of FedNat
FedNat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity National Financial, GeoVera Insurance, Homeowners of America Insurance, TypTap Insurance and Kingstone Companies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial institution offering insurance & transaction services
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| domain | founded_year | HQ Location |
Earthquake and windstorm-hurricane insurance is provided by GeoVera Insurance.
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| domain | founded_year | HQ Location |
Home insurance carrier
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| domain | founded_year | HQ Location |
An online P&C insurance platform for individuals is operated.
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided by Kingstone Companies.
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| domain | founded_year | HQ Location |
Offers insurance for homes, renters, and properties in Florida against various hazards.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fednat
Frequently Asked Questions about FedNat
When was FedNat founded?
FedNat was founded in 1992 and raised its 1st funding round 26 years after it was founded.
Where is FedNat located?
FedNat is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
Who is the current CEO of FedNat?
Michael Braun is the current CEO of FedNat.
How many employees does FedNat have?
As of Dec 31, 2021, the latest employee count at FedNat is 341.
What is the annual revenue of FedNat?
Annual revenue of FedNat is $245.55M as on Dec 31, 2021.
What does FedNat do?
FedNat was established in 1992 in Fort Lauderdale, United States, within the property and casualty insurance sector. Homeowners policies are issued by the company, covering risks like windstorms, fires, and theft across multiple states. Operations are managed from Florida, with distribution through independent agents. Leadership is held by CEO Michael Braun, overseeing underwriting and claims processes for residential properties.
Who are the top competitors of FedNat?
FedNat's top competitors include Fidelity National Financial, Investors Title and Kingstone Companies.
What products or services does FedNat offer?
FedNat offers Homeowners Insurance, Condo Insurance, Renters Insurance, Flood Insurance, and Personal Umbrella Insurance.
How many acquisitions has FedNat made?
FedNat has made 3 acquisitions, including ClaimCor, Maison Insurance Company, and Monarch Insurance Company.