XML 56 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
ORGANIZATION, CONSOLIDATION AND BASIS OF PRESENTATION - Balance Sheet Schedule of Accounting Adjustments and Error Corrections (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Debt securities, available for sale, at fair value $ 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 444,021 409,682    
Cash and cash equivalents 86,228 74,593 $ 53,038 $ 40,157
Prepaid reinsurance premiums 135,492 156,932    
Premiums receivable, net 46,393 54,854    
Reinsurance recoverable 124,601 47,863    
Deferred acquisition costs 40,893 41,892    
Income taxes receivable 9,510 13,871    
Property and equipment, net 4,025 4,194    
Other assets 13,403 11,509    
Assets 904,873 815,390    
Unfavorable loss and LAE reserve 230,515 158,110 97,706 78,330
Unearned premiums 294,423 294,022    
Reinsurance payable 71,944 79,154    
Debt 49,251 4,909    
Deferred revenue 6,222 6,834    
Deferred tax liabilities, net   253    
Deferred tax liabilities, net 0 253    
Other liabilities 25,059 37,643    
Total liabilities 677,414 580,925    
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 Federated National Holding Company shareholders 211,637 215,738    
Non-controlling interest 15,822 18,727    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 227,459 234,465 $ 246,157 189,561
Liabilities and Equity $ 904,873 815,390    
As Reported [Member]        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Debt securities, available for sale, at fair value   374,756    
Debt securities, held-to-maturity, at amortized cost   5,551    
Equity securities, available-for-sale, at fair value (cost of $14,085 and $24,163, respectively)   29,375    
Total investments   409,682    
Cash and cash equivalents   74,593    
Prepaid reinsurance premiums   156,932    
Premiums receivable, net   54,854    
Reinsurance recoverable   48,530    
Deferred acquisition costs   38,962    
Income taxes receivable   13,871    
Property and equipment, net   4,194    
Other assets   11,509    
Assets   813,127    
Unfavorable loss and LAE reserve   158,110    
Unearned premiums   294,022    
Reinsurance payable   79,154    
Debt   4,909    
Deferred revenue   0    
Deferred tax liabilities, net   1,433    
Other liabilities   37,643    
Total liabilities   575,271    
Preferred stock, $0.01 par value: 1,000,000 shares authorized   0    
Common stock, $0.01 par value: 25,000,000 shares authorized; 12,988,247 and 13,473,120 shares issued and outstanding, respectively   134    
Additional paid-in capital   136,779    
Accumulated other comprehensive income   1,941    
Retained Earnings   80,275    
Total shareholders' equity attributable Federated National Holding Company shareholders   219,129    
Non-controlling interest   18,727    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   237,856    
Liabilities and Equity   813,127    
Adjustments [Member]        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Debt securities, available for sale, at fair value   0    
Debt securities, held-to-maturity, at amortized cost   0    
Equity securities, available-for-sale, at fair value (cost of $14,085 and $24,163, respectively)   0    
Total investments   0    
Cash and cash equivalents   0    
Prepaid reinsurance premiums   0    
Premiums receivable, net   0    
Reinsurance recoverable   (667)    
Deferred acquisition costs   2,930    
Income taxes receivable   0    
Property and equipment, net   0    
Other assets   0    
Assets   2,263    
Unfavorable loss and LAE reserve   0    
Unearned premiums   0    
Reinsurance payable   0    
Debt   0    
Deferred revenue   6,834    
Deferred tax liabilities, net   (1,180)    
Other liabilities   0    
Total liabilities   5,654    
Preferred stock, $0.01 par value: 1,000,000 shares authorized   0    
Common stock, $0.01 par value: 25,000,000 shares authorized; 12,988,247 and 13,473,120 shares issued and outstanding, respectively   0    
Additional paid-in capital   0    
Accumulated other comprehensive income   0    
Retained Earnings   (3,391)    
Total shareholders' equity attributable Federated National Holding Company shareholders   (3,391)    
Non-controlling interest   0    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   (3,391)    
Liabilities and Equity   $ 2,263    
Adjustments for Direct Written Policy Fees and Other Fee Income [Member]        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Retained Earnings       54,405
Adjustments for Direct Written Policy Fees and Other Fee Income [Member] | As Reported [Member]        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Retained Earnings       57,423
Adjustments for Direct Written Policy Fees and Other Fee Income [Member] | Adjustments [Member]        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Retained Earnings       $ (3,018)