| Business Summary | | 21st
Century
Holding
Co.
is
an
insurance
holding
company,
which,
through
its
subsidiaries,
controls
substantially
all
aspects
of
the
insurance
underwriting,
distribution
and
claims
process.
The
Company
underwrites
nonstandard
and
standard
personal
automobile
insurance
and
homeowners
and
mobile
home
property
and
casualty
insurance
in
the
State
of
Florida
through
its
subsidiary,
Federated
National
Insurance
Company.
Nonstandard
personal
automobile
insurance
is
principally
provided
to
insureds
that
are
unable
to
obtain
standard
insurance
coverage.
Standard
personal
automobile
insurance
is
principally
provided
to
insureds
that
present
an
average
risk
profile
in
terms
of
payment
history,
driving
record,
vehicle
type
and
other
factors.
Federated
National
underwrites
homeowners
insurance
for
mobile
homes,
principally
in
Central
and
Northern
Florida,
Homeowners'
insurance
generally
protects
an
owner
of
real
or
personal
property
against
covered
causes
of
loss
to
that
property. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | 21st
Century
is
a
vertically
integrated
insurance
holding
company
which,
through
its
subsidiaries,
controls
all
aspects
of
the
insurance
underwriting,
distribution
and
claims
process.
For
the
six
months
ended
6/30/01,
total
revenues
fell
9%
to
$17.7
million.
Net
loss
totaled
$991
thousand
vs.
an
income
of
$876
thousand.
Revenues
reflect
a
decrease
in
net
premium
and
a
loss
on
securities
investment.
Net
loss
reflects
an
increase
in
losses
and
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Edward Lawson, 50 Pres,
CEO, Director | $156K | Samuel Milne, 50 CFO | -- | Richard Widdicombe, 41 Pres,
Federated National and Assurance MGA, Director | -- | Michele Lawson, 42 Treasurer,
Director | 78K | Joseph Epstein, 45 Sec.,
Director | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|