XML 144 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Net premiums earned $ 363,652 $ 355,257 $ 333,481
Net investment income 15,901 12,460 10,254
Net realized and unrealized investment gains (losses) 7,084 (4,144) 8,548
Direct written policy fees 10,200 13,366 17,173
Other income 18,124 19,154 22,206
Total revenues 414,961 396,093 391,662
Costs and expenses:      
Losses and loss adjustment expenses 273,080 228,416 247,557
Commissions and other underwriting expenses 107,189 121,109 114,867
General and administrative expenses 23,203 22,183 19,963
Interest expense 10,776 4,177 348
Total costs and expenses 414,248 375,885 382,735
Income (loss) before income taxes 713 20,208 8,927
Income tax expense (benefit) (298) 5,498 3,585
Net income (loss) 1,011 14,710 5,342
Net income (loss) attributable to non-controlling interest 0 (218) (2,647)
Net income (loss) attributable to FedNat Holding Company shareholders $ 1,011 $ 14,928 $ 7,989
Net income (loss) per share attributable to Federated National Holding Company shareholders:      
Basic (in dollars per share) $ 0.08 $ 1.17 $ 0.61
Diluted (in dollars per share) $ 0.08 $ 1.16 $ 0.60
Weighted Average Number of Shares of Common Stock Outstanding      
Basic (in shares) 12,977 12,775 13,170
Diluted (in shares) 13,023 12,867 13,250
Dividends declared per share of common stock (in dollars per share) $ 0.33 $ 0.24 $ 0.32