Fortegra Group Inc (N:TFG)
Business Focus: Multiline Insurance & Brokers
| Sector: Financials | Industry: Multiline Insurance & Brokers |
| Company Contact | |
| Address: | 10751 Deerwood Park Blvd., Suite 200 JACKSONVILLE FL 32256 |
| Tel: | N/A |
| Website: | https://news.fortegra.com/fortegra-acquires-itc-compliance |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| The Fortegra Group, LLC is a United States-based holding company, which provides specialty insurance program underwriter and service. The Company focuses on fee-oriented services, combination of specialty insurance program underwriting, warranty and service contract product solutions . It delivers products through independent insurance agents. Its products and services include U.S. Insurance, U.S. Warranty Solutions, and Europe Warranty Solutions. Its U.S. Insurance provides specialty insurance programs distributed through managing general agents (MGAs), wholesale agents, retail agents and brokers. U.S. Warranty Solutions provides consumers with protection from certain covered losses on automobiles, mobile devices, consumer electronics, appliances and furniture in the United States. Europe Warranty Solutions offers consumers with protection from certain covered losses on automobiles, mobile devices, consumer electronics, appliances and furniture in the European region. |
| Financial Overview |
| For the fiscal year ended 31 December 2020, Fortegra Group Inc revenues increased 9% to $687.9M. Net income decreased 16% to $22.8M. Revenues reflect Net investment income increase of 14% to $9.9M. Net income was offset by Member benefit claims increase from $19.7M to $58.7M (expense), Employee compensation and benefits increase of 31% to $65.1M (expense), General and administrative increase of 14% to $16.3M (expense). |
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