05-11-2015 02:30 via insuranceinsider.com

Top and bottom line growth at Heritage and Fed Nat

Floridians Heritage and Federated National reported another quarter
of strong top and bottom line growth.
Heritage said gross written premiums surged 72 percent to
$149.0mn for the third quarter, while net earned premiums were up
48 percent to $82.4mn.
Net income at Heritage climbed 69 percent to $16.8mn, and its
combined ratio narrowed by 0.8 points to 74.7 percent.
The company's chairman and CEO Bruce Lucas pointed to
continued prospects for growth as he said the insurer had seen
policy...
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