CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flow from operating activities:
Net income (loss)	$ 7,245	$ 2,449
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized and unrealized investment gains	1,052	105
Amortization of investment premium or discount, net	683	1,209
Depreciation and amortization	371	270
Share-based compensation	665	667
Tax impact related to share-based compensation	(77)	(50)
Changes in operating assets and liabilities:
Prepaid reinsurance premiums	48,291	44,475
Premiums receivable, net	726	(4,262)
Reinsurance recoverable, net	(21,490)	(1,181)
Deferred acquisition costs	1,492	(691)
Income taxes receivable, net	4,811	8,123
Deferred revenue	(298)	831
Loss and loss adjustment expense reserves	5,699	(3,773)
Unearned premiums	(12,026)	(1,927)
Reinsurance payable	(33,455)	(24,723)
Deferred income taxes, net of other comprehensive income	(2,290)	1,359
Other, net	11,019	864
Net cash provided by operating activities	12,418	23,745
Cash flow from investing activities:
Proceeds from sales of equity securities	4,262	3,704
Proceeds from sales of debt securities	73,830	124,863
Purchases of equity securities	(5,177)	(16,875)
Purchases of debt securities	(138,738)	(139,861)
Maturities and redemptions of debt securities	50,584	13,565
Purchases of property and equipment	(66)	(314)
Net cash used in investing activities	(15,305)	(14,918)
Cash flow from financing activities:
Payment of long-term debt	(5,000)	0
Purchase of non-controlling interest	(16,685)	0
Purchases of Federated National Holding Company common stock	(5,000)	(1,876)
Issuance of common stock for share-based awards	0	1
Dividends paid	(1,065)	(1,050)
Net cash used in financing activities	(27,750)	(2,925)
Net (decrease) increase in cash and cash equivalents	(30,637)	5,902
Cash and cash equivalents at beginning of period	86,228	74,593
Cash and cash equivalents at end of period	55,591	80,495
Cash paid (received) during the period for:
Income taxes	$ 70	$ (6,675)