CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments
Debt maturities, available for sale, at fair value	$ 316,577	$ 284,099
Debt maturities, held to maturity, at amortized cost	6,436	7,417
Equity securities, available for sale, at fair value	43,004	39,247
Total investments	366,017	330,763
Cash and short term investments	96,322	40,157
Prepaid reinsurance premiums	40,330	54,502
Premiums receivable, net of allowance for credit losses of $148 and $148, respectively	33,051	27,275
Reinsurance recoverable, net	15,294	12,534
Deferred policy acquisition costs	19,267	13,610
Income taxes receivable	5,519	1,810
Property, plant and equipment, net	1,988	1,749
Other assets	9,274	7,231
Contingent quota-share profit sharing	14,000	14,000
Total assets	601,062	503,631
LIABILITIES AND SHAREHOLDERS' EQUITY
Unpaid losses and LAE	88,082	78,330
Unearned premiums	232,811	192,424
Debt	5,000	0
Premiums deposits and customer credit balances	11,319	7,381
Deferred income taxes, net	4,962	1,341
Claims payments outstanding	9,963	10,152
Accounts payable and accrued expenses	10,489	10,924
Deferred quota-share profit sharing	7,000	10,500
Total liabilities	369,626	311,052
Shareholders' equity:
Common stock, $0.01 par value. Authorized 25,000,000 shares; issued and outstanding 13,724,189 and 13,632,414, respectively	137	136
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued or outstanding	0	0
Additional paid-in capital	129,495	127,302
Accumulated other comprehensive income
Unrealized net gains on investments, available for sale	6,359	7,718
Total accumulated other comprehensive income	6,359	7,718
Retained earnings	77,308	57,423
Total Federated National Holding Company equity	213,299	192,579
Non-controlling interest	18,137	0
Total shareholders' equity	231,436	192,579
Total liabilities and shareholders' equity	$ 601,062	$ 503,631