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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments:    
Debt securities, available-for-sale, at fair value $ 339,245 $ 339,178
Debt securities, held-to-maturity, at amortized cost 6,218 6,619
Equity securities, available-for-sale, at fair value 40,830 38,534
Total investments 386,293 384,331
Cash and cash equivalents 72,562 53,038
Prepaid reinsurance premiums 113,117 120,771
Premiums receivable, net of allowance of $123 and $302, respectively 48,232 38,594
Reinsurance recoverable, net 17,924 12,714
Deferred acquisition costs 15,764 15,547
Income taxes receivable 1,171 2,691
Property and equipment, net 3,236 2,894
Other assets 7,829 7,605
Total assets 666,128 638,185
LIABILITIES AND SHAREHOLDERS' EQUITY    
Loss and loss adjustment expense reserves 101,615 97,340
Unearned premiums 261,885 253,960
Debt from consolidated variable interest entity 4,893 4,887
Deferred income taxes, net 8,900 5,627
Other liabilities 27,645 25,612
Total liabilities 404,938 387,426
Preferred stock, $0.01 par value: 1,000,000 shares authorized 0 0
Common stock, $0.01 par value: 25,000,000 shares authorized; 13,826,654 and 13,798,773 shares issued and outstanding, respectively 138 138
Additional paid-in capital 132,928 131,998
Accumulated other comprehensive income 6,367 3,985
Retained earnings 103,354 96,461
Total shareholders' equity attributable to Federated National Holding Company shareholders 242,787 232,582
Noncontrolling interest 18,403 18,177
Total shareholders' equity 261,190 250,759
Total liabilities and shareholders' equity $ 666,128 $ 638,185