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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost of $433,664 and $422,300, respectively) $ 428,641 $ 423,238
Debt securities, held-to-maturity, at amortized cost 5,126 5,349
Equity securities, at fair value 17,758 15,434
Total investments (including $0 and $26,284 related to the VIE, respectively) 451,525 444,021
Cash and cash equivalents (including $0 and $14,211 related to the VIE, respectively) 64,423 86,228
Prepaid reinsurance premiums 108,577 135,492
Premiums receivable, net of allowance of $77 and $70, respectively (including $0 and $1,184 related to the VIE, respectively) 29,791 46,393
Reinsurance recoverable, net 211,424 124,601
Deferred acquisition costs, net 39,436 40,893
Income taxes, net 5,220 9,817
Property and equipment, net 4,819 4,025
Other assets (including $0 and $2,322 related to the VIE, respectively) 10,156 13,403
Total assets 925,371 904,873
Liabilities    
Loss and loss adjustment expense reserves 296,230 230,515
Unearned premiums 281,992 294,423
Reinsurance payable 63,599 71,944
Long-term debt, net of deferred financing costs of $596 and $749, respectively 44,404 49,251
Deferred revenue 4,585 6,222
Other liabilities 19,302 25,059
Total liabilities 710,112 677,414
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; 12,784,444 and 12,988,247 shares issued and outstanding, respectively 128 130
Additional paid-in capital 141,128 139,728
Accumulated other comprehensive income (loss) (3,750) 1,770
Retained earnings 77,753 70,009
Total shareholders’ equity attributable to FedNat Holding Company shareholders 215,259 211,637
Non-controlling interest 0 15,822
Total shareholders’ equity 215,259 227,459
Total liabilities and shareholders' equity $ 925,371 $ 904,873