CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue:
Gross premiums written	$ 132,019	$ 107,353	$ 238,721	$ 188,455
Gross premiums ceded	(85,103)	(46,533)	(111,061)	(49,840)
Net premiums written	46,916	60,820	127,660	138,615
Increase in prepaid reinsurance premiums	31,689	23,682	6,739	6,887
Increase in unearned premiums	(29,378)	(33,069)	(40,387)	(50,065)
Net change in prepaid reinsurance premiums and unearned premiums	2,311	(9,387)	(33,648)	(43,178)
Net premiums earned	49,227	51,433	94,012	95,437
Commission income	1,308	1,223	2,433	2,177
Finance revenue	469	348	897	659
Direct written policy fees	2,612	2,352	5,104	4,179
Net investment income	1,701	1,302	3,248	2,308
Net realized investment gains	913	2,056	2,617	3,388
Other income	960	289	2,338	570
Quota-share profit sharing, net	1,600	0	3,077	0
Total revenue	58,790	59,003	113,726	108,718
Expenses:
Losses and LAE	23,149	24,522	47,098	45,350
Operating and underwriting expenses	6,796	4,201	13,118	7,868
Salaries and wages	5,013	3,448	10,151	6,498
Amortization of deferred policy acquisition costs	5,107	8,838	10,152	17,280
Interest expense	86	0	85	0
Total expenses	40,151	41,009	80,604	76,996
Income before provision for income tax expense	18,639	17,994	33,122	31,722
Provision for income tax expense	6,755	6,440	12,465	11,745
Income before non-controlling interest	11,884	11,554	20,657	19,977
Non-controlling interest	150	0	(361)	0
Net income attributable to Federated National Holding Company common stockholders	$ 11,734	$ 11,554	$ 21,018	$ 19,977
Net income per share - basic (in dollars per share)	$ 0.86	$ 1.04	$ 1.54	$ 1.81
Net income per share - diluted (in dollars per share)	$ 0.84	$ 1.01	$ 1.50	$ 1.75
Weighted average number of common shares outstanding - basic (in shares)	13,722,205	11,096,317	13,689,380	11,022,889
Weighted average number of common shares outstanding - diluted (in shares)	13,984,596	11,481,319	13,978,010	11,407,576
Dividends paid per share (in dollars per share)	$ 0.04	$ 0.03	$ 0.08	$ 0.06