CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments
Debt maturities, available for sale, at fair value	$ 341,915	$ 284,099
Debt maturities, held to maturity, at amortized cost	6,387	7,417
Equity securities, available for sale, at fair value	38,086	39,247
Total investments	386,388	330,763
Cash and short term investments	76,161	40,157
Prepaid reinsurance premiums	95,470	54,502
Premiums receivable, net of allowance for credit losses of $312 and $148, respectively	34,928	27,275
Reinsurance recoverable, net	8,349	12,534
Deferred policy acquisition costs	13,522	13,610
Income taxes receivable	5,763	1,810
Property, plant and equipment, net	2,753	1,749
Other assets	10,973	7,231
Contingent quota-share profit sharing	0	14,000
Total assets	634,307	503,631
LIABILITIES AND SHAREHOLDERS' EQUITY
Unpaid losses and LAE	91,673	78,330
Unearned premiums	250,397	192,424
Debt	5,000	0
Premiums deposits and customer credit balances	11,265	7,381
Deferred income taxes, net	4,815	1,341
Claims payments outstanding	13,272	10,152
Accounts payable and accrued expenses	16,403	10,924
Deferred quota-share profit sharing	0	10,500
Total liabilities	392,825	311,052
Shareholders' equity:
Common stock, $0.01 par value. Authorized 25,000,000 shares; issued and outstanding 13,773,130 and 13,632,414, respectively	138	136
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued or outstanding	0	0
Additional paid-in capital	131,203	127,302
Accumulated other comprehensive income
Unrealized net gains on investments, available for sale	4,838	7,718
Total accumulated other comprehensive income	4,838	7,718
Retained earnings	87,188	57,423
Total Federated National Holding Company equity	223,367	192,579
Non-controlling interest	18,115	0
Total shareholders' equity	241,482	192,579
Total liabilities and shareholders' equity	$ 634,307	$ 503,631