ORGANIZATION, CONSOLIDATION AND BASIS OF PRESENTATION (Tables)

12 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table includes the effects of the adjustments on the retained earnings beginning balance as of January 1, 2015, which represents the cumulative impact of the revisions to periods prior to 2015.

	As of January 1, 2015
	As Reported		Adjustments			As Adjusted
Retained earnings	$	57,423	$	(3,018	)	$	54,405

The following tables summarize the impact of the revisions to the Company’s previously reported consolidated balance sheet as of December 31, 2016, and the Company’s previously reported consolidated statements of operations for the years ended December 31, 2016 and 2015.

	December 31, 2016
	As Reported		Adjustments			As Adjusted
ASSETS	(In thousands, except share and per share data)
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $376,644)	$	374,756	$	—		$	374,756
Debt securities, held-to-maturity, at amortized cost	5,551		—			5,551
Equity securities, available-for-sale, at fair value (cost of $24,163)	29,375		—			29,375
Total investments (including $28,704 related to the VIE)	409,682		—			409,682
Cash and cash equivalents (including $15,668 related to the VIE)	74,593		—			74,593
Prepaid reinsurance premiums	156,932		—			156,932
Premiums receivable, net of allowance of $55 (including 1,584 related to the VIE)	54,854		—			54,854
Reinsurance recoverable, net	48,530		(667		)	47,863
Deferred acquisition costs	38,962		2,930			41,892
Income taxes receivable	13,871		—			13,871
Property and equipment, net	4,194		—			4,194
Other assets (including $371 related to the VIE)	11,509		—			11,509
TOTAL ASSETS	$	813,127	$	2,263		$	815,390
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES:
Loss and loss adjustment expense reserves	$	158,110	$	—		$	158,110
Unearned premiums	294,022		—			294,022
Reinsurance payable	79,154		—			79,154
Long-term debt	4,909		—			4,909
Deferred revenue	—		6,834			6,834
Deferred tax liabilities, net	1,433		(1,180		)	253
Other liabilities	37,643		—			37,643
Total liabilities	575,271		5,654			580,925
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.01 par value: 1,000,000 shares authorized	—		—			—
Common stock, $0.01 par value: 25,000,000 shares authorized; 13,473,120 shares    issued and outstanding	134		—			134
Additional paid-in capital	136,779		—			136,779
Accumulated other comprehensive income	1,941		—			1,941
Retained earnings	80,275		(3,391		)	76,884
Total shareholders’ equity attributable to     Federated National Holding Company shareholders	219,129		(3,391		)	215,738
Non-controlling interest	18,727		—			18,727
Total shareholders’ equity	237,856		(3,391		)	234,465
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	813,127	$	2,263		$	815,390

	Year Ended December 31,
	2016								2015
	As Reported			Adjustments			As Adjusted		As Reported			Adjustments			As Adjusted
Revenue:	(In thousands, except share and per share data)
Net premiums earned	$	259,872		$	1,497		$	261,369	$	210,020		$	3,000		$	213,020
Net investment income	9,063			—			9,063		7,226			—			7,226
Net realized investment gains	3,045			—			3,045		3,616			—			3,616
Direct written policy fees	17,730			(1,111		)	16,619		11,248			(1,508		)	9,740
Other income (loss)	26,674			(9,245		)	17,429		17,783			(7,914		)	9,869
Total revenue	316,384			(8,859		)	307,525		249,893			(6,422		)	243,471
Costs and expenses:
Losses and loss adjustment expenses	187,341			10,469			197,810		104,353			8,357			112,710
Commissions and other underwriting expenses	108,776			(18,398		)	90,378		64,868			(12,006		)	52,862
General and administrative expenses	17,186			—			17,186		15,223			(525		)	14,698
Interest expense	348			—			348		256			—			256
Total costs and expenses	313,651			(7,929		)	305,722		184,700			(4,174		)	180,526
Income before income taxes	2,733			(930		)	1,803		65,193			(2,248		)	62,945
Income taxes	2,683			(2,141		)	542		24,753			(664		)	24,089
Net income	50			1,211			1,261		40,440			(1,584		)	38,856
Net income (loss) attributable to non-controlling interest	246			—			246		(445		)	—			(445		)
Net (loss) income attributable to Federated National
Holding Company shareholders	$	(196	)	$	1,211		$	1,015	$	40,885		$	(1,584	)	$	39,301
Net (loss) income per share attributable to Federated
National Holding Company shareholders:
Basic	$	(0.01	)	$	0.08		$	0.07	$	2.98		$	(0.12	)	$	2.86
Diluted	$	(0.01	)	$	0.08		$	0.07	$	2.92		$	(0.11	)	$	2.81
Weighted average number of shares of common stock
outstanding:
Basic	13,758			—			13,758		13,729			—			13,729
Diluted	13,758			164			13,922		13,997			—			13,997
Dividends declared per share of common stock	$	0.27		$	—		$	0.27	$	0.18		$	—		$	0.18

	Six Months Ended						Nine Months Ended
	June 30, 2017						September 30, 2017
	As Reported			As Adjusted			As Reported			As Adjusted
Revenue:	(In thousands, except share and per share data)
Net premiums earned	$	161,652		$	165,214		$	240,315		$	245,978
Net investment income	4,878			4,878			7,481			7,481
Net realized investment gains	2,543			2,543			8,644			8,644
Direct written policy fees	9,571			9,519			13,222			13,617
Other income	9,637			9,059			14,511			14,190
Total revenue	188,281			191,213			284,173			289,910
Costs and expenses:
Losses and loss adjustment expenses	108,722			113,316			181,657			188,683
Commissions and other underwriting expenses	57,336			58,497			86,578			86,883
General and administrative expenses	9,695			9,695			14,737			14,737
Interest expense	166			166			247			247
Total costs and expenses	175,919			181,674			283,219			290,550
Income (loss) before income taxes	12,362			9,539			954			(640		)
Income taxes	4,573			3,423			350			(358		)
Net income (loss)	7,789			6,116			604			(282		)
Net loss attributable to non-controlling interest	(301		)	(301		)	(1,975		)	(1,975		)
Net income attributable to Federated National
Holding Company shareholders	$	8,090		$	6,417		$	2,579		$	1,693
Net income per share attributable to Federated National
Holding Company shareholders:
Basic	$	0.61		$	0.48		$	0.20		$	0.13
Diluted	$	0.60		$	0.48		$	0.19		$	0.13
Weighted average number of shares of common stock
outstanding:
Basic	13,305			13,305			13,211			13,211
Diluted	13,405			13,405			13,302			13,302
Dividends declared per share of common stock	$	0.16		$	0.16		$	0.24		$	0.24

	Three Months Ended						Three Months Ended						Three Months Ended
	March 31, 2017						June 30, 2017						September 30, 2017
	As Reported			As Adjusted			As Reported			As Adjusted			As Reported			As Adjusted
Revenue:	(In thousands, except share and per share data)
Net premiums earned	$	78,493		$	81,660		$	83,159		$	83,554		$	78,663		$	80,764
Net investment income	2,318			2,318			2,560			2,560			2,603			2,603
Net realized investment gains	(105		)	(105		)	2,648			2,648			6,101			6,101
Direct written policy fees	5,085			4,712			4,486			4,807			3,651			4,098
Other income	7,132			4,469			4,710			4,590			4,874			5,131
Total revenue	92,923			93,054			97,563			98,159			95,892			98,697
Costs and expenses:
Losses and loss adjustment expenses	50,831			56,899			54,956			56,417			72,935			75,367
Commissions and other underwriting expenses	32,279			27,568			30,197			30,929			29,242			28,386
General and administrative expenses	4,619			4,619			5,076			5,076			5,042			5,042
Interest expense	84			84			82			82			81			81
Total costs and expenses	87,813			89,170			90,311			92,504			107,300			108,876
Income (loss) before income taxes	5,110			3,884			7,252			5,655			(11,408		)	(10,179		)
Income taxes	1,938			1,435			2,635			1,988			(4,223		)	(3,781		)
Net income (loss)	3,172			2,449			4,617			3,667			(7,185		)	(6,398		)
Net income (loss) attributable to non-controlling interest	27			27			(328		)	(328		)	(1,674		)	(1,674		)
Net income (loss) attributable to Federated National
Holding Company shareholders	$	3,145		$	2,422		$	4,945		$	3,995		$	(5,511	)	$	(4,724	)
Net income (loss) per share attributable to Federated
National Holding Company shareholders:
Basic	$	0.23		$	0.18		$	0.38		$	0.30		$	(0.42	)	$	(0.36	)
Diluted	$	0.23		$	0.18		$	0.37		$	0.30		$	(0.42	)	$	(0.36	)
Weighted average number of shares of common stock
outstanding:
Basic	13,432			13,432			13,171			13,171			13,135			13,135
Diluted	13,559			13,559			13,256			13,256			13,135			13,135
Dividends declared per share of common stock	$	0.08		$	0.08		$	0.08		$	0.08		$	0.08		$	0.08