CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $422,300 and $376,644, respectively)	$ 423,238	$ 374,756
Debt securities, held-to-maturity, at amortized cost	5,349	5,551
Equity securities, available-for-sale, at fair value (cost of $14,085 and $24,163, respectively)	15,434	29,375
Total investments (including $26,284 and $28,704 related to the VIE, respectively)	444,021	409,682
Cash and cash equivalents (including $14,211 and $15,668 related to the VIE, respectively)	86,228	74,593
Prepaid reinsurance premiums	135,492	156,932
Premiums receivable, net of allowance of $70 and $55, respectively (including $1,184 and $1,584 related to the VIE, respectively)	46,393	54,854
Reinsurance recoverable, net	124,601	47,863
Deferred acquisition costs	40,893	41,892
Income taxes receivable	9,510	13,871
Deferred tax assets, net	307	0
Property and equipment, net	4,025	4,194
Other assets (including $2,322 and $371 related to the VIE, respectively)	13,403	11,509
TOTAL ASSETS	904,873	815,390
LIABILITIES:
Loss and loss adjustment expense reserves	230,515	158,110
Unearned premiums	294,423	294,022
Reinsurance payable	71,944	79,154
Long-term debt, net of deferred financing costs of $749 and $91, respectively	49,251	4,909
Deferred revenue	6,222	6,834
Deferred tax liabilities, net	0	253
Other liabilities	25,059	37,643
Total liabilities	677,414	580,925
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.01 par value: 1,000,000 shares authorized	0	0
Common stock, $0.01 par value: 25,000,000 shares authorized; 12,988,247 and 13,473,120 shares issued and outstanding, respectively	130	134
Additional paid-in capital	139,728	136,779
Accumulated other comprehensive income	1,770	1,941
Retained earnings	70,009	76,884
Total shareholders’ equity attributable to Federated National Holding Company shareholders	211,637	215,738
Non-controlling interest	15,822	18,727
Total shareholders’ equity	227,459	234,465
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 904,873	$ 815,390