21st Century Holding Co. of Lauderdale Lakes today reported mixed results for the quarter ended June 30, with a decrease in total revenues but an increase in gross, net earned, and unearned premiums.
Its subsidiary, Federated National Insurance Co., is authorized to underwrite homeowners' coverage, flood, personal and commercial automobile, and commercial general liability insurance in Florida as an admitted carrier. Federated also is authorized to underwrite commercial general liability insurance in Arkansas, California, Georgia, Kentucky, Maryland, Missouri, Nevada, South Carolina, and Virginia as a surplus lines carrier, and in Texas, Louisiana and Alabama as an admitted carrier.
For the three months ended June 30, the parent company reported a net loss of $0.8 million, or $0.10 per share on 7.95 million average undiluted and diluted shares outstanding, compared with a net loss of $2.3 million, or $0.30 per share on 7.95 million average undiluted and diluted shares outstanding in the same three-month period last year.
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