Jon Old's questions to Fundamental Global (FGF) leadership • Q1 2017
Question
Jon Old of Longmeadow Investors LLC inquired about the potential scale of the Florida market opportunity, asking for premium projections over the next three to five years in comparison to the company's operations in Texas and Louisiana.
Answer
President and CEO Douglas Raucy outlined long-term premium goals of approximately $100 million for Louisiana and $200 million each for Texas and Florida. While uncertain on the three-to-five-year timeline, he emphasized that Florida presents a significant opportunity due to a hardening market from AOB issues and potential hurricane disruptions. Raucy stated the company is well-positioned to capitalize on these dynamics as a new entrant without legacy issues, targeting an entry in early 2018 at the earliest.