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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Net premiums earned $ 98,493 $ 80,764 $ 264,159 $ 245,978
Net investment income 3,137 2,603 9,058 7,481
Net realized and unrealized investment gains (losses) 1,760 6,101 916 8,644
Direct written policy fees 3,796 4,098 10,685 13,617
Other income 3,646 5,131 14,833 14,190
Total revenues 110,832 98,697 299,651 289,910
Costs and expenses:        
Losses and loss adjustment expenses 62,457 75,367 156,098 188,683
Commissions and other underwriting expenses 31,373 28,386 91,467 86,883
General and administrative expenses 5,000 5,042 16,345 14,737
Interest expense 1,032 81 3,139 247
Total costs and expenses 99,862 108,876 267,049 290,550
Income (loss) before income taxes 10,970 (10,179) 32,602 (640)
Income tax expense (benefit) 3,020 (3,781) 8,587 (358)
Net income (loss) 7,950 (6,398) 24,015 (282)
Net income (loss) attributable to non-controlling interest 0 (1,674) (218) (1,975)
Net income (loss) attributable to FedNat Holding Company shareholders $ 7,950 $ (4,724) $ 24,233 $ 1,693
Net (loss) income per share attributable to Federated National Holding Company shareholders:        
Basic (in dollars per share) $ 0.62 $ (0.36) $ 1.90 $ 0.13
Diluted (in dollars per share) $ 0.62 $ (0.36) $ 1.88 $ 0.13
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 12,749 13,135 12,775 13,211
Diluted (in shares) 12,870 13,135 12,866 13,302
Dividends declared per share of common stock (in dollars per share) $ 0 $ 0.08 $ 0.16 $ 0.24