XML 64 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Net premiums earned $ 364,134 $ 363,652 $ 355,257
Net investment income 11,786 15,901 12,460
Net realized and unrealized investment gains (losses) 18,032 7,084 (4,144)
Direct written policy fees 13,970 10,200 13,366
Other income 23,941 18,124 19,154
Total revenues 431,863 414,961 396,093
Costs and expenses:      
Losses and loss adjustment expenses 376,449 273,080 228,416
Commissions and other underwriting expenses 124,288 107,189 121,109
General and administrative expenses 23,420 23,203 22,183
Interest expense 7,661 10,776 4,177
Impairment of intangibles 11,699 0 0
Total costs and expenses 543,517 414,248 375,885
Income (loss) before income taxes (111,654) 713 20,208
Income tax expense (benefit) (33,496) (298) 5,498
Net income (loss) (78,158) 1,011 14,710
Net income (loss) attributable to non-controlling interest 0 0 (218)
Net income (loss) attributable to FedNat Holding Company shareholders $ (78,158) $ 1,011 $ 14,928
Net Income (Loss) Per Common Share      
Basic (in dollars per share) $ (5.64) $ 0.08 $ 1.17
Diluted (in dollars per share) $ (5.64) $ 0.08 $ 1.16
Weighted Average Number of Shares of Common Stock Outstanding      
Basic (in shares) 13,846 12,977 12,775
Diluted (in shares) 13,846 13,023 12,867
Dividends declared per share of common stock (in dollars per share) $ 0.36 $ 0.33 $ 0.24