Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
FedNat Holding Co's Claims Ratio % for the quarter that ended in Mar. 2022 was 127.80%
, which is higher than
88.00% for the pervious quarter ended in Dec. 2021.
FedNat Holding Co's Claims Ratio % for the annual that ended in Dec. 2021 was 127.00%
, which is higher than
103.40% for the pervious year ended in Dec. 2020.
The historical rank and industry rank for FedNat Holding Co's Claims Ratio % or its related term are showing as below:
FNHCQ's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
FedNat Holding Co Claims Ratio % Historical Data
The historical data trend for FedNat Holding Co's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of FedNat Holding Co's Claims Ratio %
For the Insurance - Property & Casualty subindustry, FedNat Holding Co's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FedNat Holding Co (OTCPK:FNHCQ) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FedNat Holding Co (OTCPK:FNHCQ) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
FedNat Holding Co Claims Ratio % Related Terms
Thank you for viewing the detailed overview of FedNat Holding Co's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
FedNat Holding Co (FedNat Holding Co) Business Description
FedNat Holding Co is a provider of property and liability insurance products in the United States. It offers underwriting services to homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance. The company markets and distributes its own and third-party insurers' products, and other services through a network of independent and general agents. The segments of the company are Homeowners, Automobile and Other, of which a majority of the revenue is derived from the Homeowners segment. The Homeowners line of business consists of the homeowners and fire property and casualty insurance business.
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