FEDNAT HOLDING CO FILES (8-K) Disclosing Results of Operations and Financial Condition, Financial Statements and Exhibits

Item 2.02. Results of Operations and Financial Condition.

Third Quarter 2021 Catastrophe Losses

FedNat Holding Company (the "Company") estimates, as of the date of this Current
Report on Form 8-K, that catastrophe weather losses incurred during the quarter
ended September 30, 2021, will reduce its third quarter net income by
approximately $20 million, net of all reinsurance recoveries and affiliated
fees, on both a pre-tax and after-tax basis. Catastrophe weather losses in the
quarter were driven by Hurricane Ida and other smaller named-storm events
including Elsa, Fred and Nicholas, impacting Louisiana, Florida and Texas. The
Company expects to incur $37 million of net retained weather claims within the
insurance subsidiaries, partially offset by earnings of $17 million from related
claims handling and other revenues in affiliated entities related to these third
quarter catastrophe weather events.

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This Current Report on Form 8-K contains statements that may be deemed
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements are therefore entitled to the protection of the safe harbor
provisions of these laws. Forward-looking statements generally may be identified
by the use of forward-looking terminology such as "anticipate," "believe,"
"budget," "contemplate," "continue," "could," "envision," "estimate," "expect,"
"forecast," "guidance," "indicate," "intend," "may," "might," "outlook," "plan,"
"possibly," "potential," "predict," "probably," "pro-forma," "project," "seek,"
"should," "target," "will," "would," "will be," "will continue" or the negative
thereof or other variations thereon or comparable terminology and, in this
report includes our statements regarding estimated catastrophe losses,
incremental ceded losses from supplemental reinsurance purchases, and capacity
to cede catastrophe losses into a quota-share treaty. The Company has based
these forward-looking statements on its current expectations, assumptions,
estimates and projections. While the Company believes these expectations,
assumptions, estimates and projections are reasonable, such forward-looking
statements are only predictions and involve a number of risks and uncertainties,
many of which are beyond the Company's control. These and other important
factors may cause our actual results, performance or achievements to differ
materially from any future results, performance or achievements expressed or
implied by these forward-looking statements. Management cautions that any such
forward-looking statements are not guarantees of future performance, and readers
cannot assume that such statements will be realized or that the forward-looking
events and circumstances will occur. Factors that might cause such a difference
include, without limitation, that final results regarding catastrophe losses,
additional reinsurance purchases, loss ratio performance of business, as well as
the risks and uncertainties discussed under "Risk Factors" in the Company's 2020
Form 10-K, and discussed from time to time in the Company's reports filed with
the Securities and Exchange Commission. The Company expressly disclaims any
intent, obligation or undertaking to update or revise any forward-looking
statements made herein to reflect any change in our expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statements are based.

                Item 9.01.     Financial Statements and Exhibits.


(d)      Exhibits.
         Cover Page Interactive File (the cover page tags are embedded within the Inline
104      XBRL document).

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