QUARTERLY RESULTS OF OPERATIONS

12 Months Ended

Dec. 31, 2015

QUARTERLY RESULTS OF OPERATIONS [Abstract]

QUARTERLY RESULTS OF OPERATIONS

(16)  QUARTERLY RESULTS OF OPERATIONS

The following is a summary of unaudited quarterly results of operations:

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(in thousands, except per share data)
2015
Net premiums earned	$	44,786	$	49,227	$	62,286	$	53,721
Total revenue	$	54,936	$	58,790	$	72,599	$	63,568
Losses and loss adjustment expenses	$	23,949	$	23,149	$	28,412	$	28,843
Total costs and expenses	$	40,452	$	40,151	$	54,974	$	49,123
Net income attributable to Federated National Holding Company shareholders	$	9,284	$	11,734	$	10,593	$	9,274
Net income per share - basic	$	0.68	$	0.86	$	0.77	$	0.67
2014
Net premiums earned	$	44,004	$	51,433	$	34,518	$	40,950
Total revenue	$	49,715	$	59,003	$	43,150	$	48,824
Losses and loss adjustment expenses	$	20,828	$	24,522	$	15,126	$	20,560
Total costs and expenses	$	35,987	$	41,009	$	31,695	$	34,694
Net income attributable to Federated National Holding Company shareholders	$	8,423	$	11,554	$	7,227	$	9,995
Net income per share - basic	$	0.77	$	1.04	$	0.57	$	0.73