CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Gross premiums written	$ 129,840	$ 92,032	$ 368,561	$ 280,487
Gross premiums ceded	(119,985)	(129,298)	(231,046)	(179,137)
Net premiums written	9,855	(37,266)	137,515	101,350
Increase in prepaid reinsurance premiums	70,018	80,013	76,756	86,900
Increase in unearned premiums	(17,587)	(8,229)	(57,973)	(58,295)
Net change in prepaid reinsurance premiums and unearned premiums	52,431	71,784	18,783	28,605
Net premiums earned	62,286	34,518	156,298	129,955
Commission income	1,863	1,173	4,296	3,350
Finance revenue	425	392	1,322	1,051
Direct written policy fees	2,782	2,238	7,887	6,417
Net investment income	1,907	1,450	5,154	3,758
Net realized investment gains	1,126	659	3,743	4,047
Other income	2,210	970	4,548	1,540
Quota-share profit sharing, net	0	1,750	3,077	1,750
Total revenue	72,599	43,150	186,325	151,868
Expenses:
Losses and LAE	28,412	15,126	75,510	60,476
Operating and underwriting expenses	11,769	6,732	24,887	14,600
Salaries and wages	7,940	4,022	18,091	10,520
Policy acquisition costs	6,788	5,815	16,938	23,095
Interest expense	65	0	152	0
Total expenses	54,974	31,695	135,578	108,691
Income before provision for income tax expense	17,625	11,455	50,747	43,177
Provision for income tax expense	7,054	4,228	19,519	15,973
Income before non-controlling interest	10,571	7,227	31,228	27,204
Non-controlling interest	(22)	0	(383)	0
Net income attributable to Federated National Holding Company common stockholders	$ 10,593	$ 7,227	$ 31,611	$ 27,204
Net income per share - basic (in dollars per share)	$ 0.77	$ 0.57	$ 2.31	$ 2.35
Net income per share - diluted (in dollars per share)	$ 0.76	$ 0.56	$ 2.26	$ 2.28
Weighted average number of common shares outstanding - basic (in shares)	13,749,394	12,624,746	13,709,605	11,562,709
Weighted average number of common shares outstanding - diluted (in shares)	13,976,709	12,956,407	13,978,381	11,934,057
Dividends paid per share (in dollars per share)	$ 0.05	$ 0.03	$ 0.13	$ 0.09