CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $356,199 and $338,021, respectively)	$ 365,364	$ 339,178
Debt securities, held-to-maturity, at amortized cost	5,905	6,619
Equity securities, available-for-sale, at fair value (cost of $34,565 and $33,581, respectively)	40,601	38,534
Total investments	411,870	384,331
Cash and cash equivalents	80,073	53,038
Prepaid reinsurance premiums	109,809	120,771
Premiums receivable, net of allowance of $123 and $302, respectively	58,063	38,594
Reinsurance recoverable, net	20,572	12,714
Deferred acquisition costs	21,287	15,547
Income taxes receivable	8,687	2,691
Property and equipment, net	3,335	2,894
Other assets	7,918	7,605
TOTAL ASSETS	721,614	638,185
LIABILITIES:
Loss and loss adjustment expense reserves	120,723	97,340
Unearned premiums	295,769	253,960
Debt from consolidated variable interest entity	4,898	4,887
Deferred income taxes, net	5,720	5,627
Other liabilities	28,824	25,612
Total liabilities	455,934	387,426
SHAREHOLDERS' EQUITY:
Preferred stock, $0.01 par value: 1,000,000 shares authorized	0	0
Common stock, $0.01 par value: 25,000,000 shares authorized; 13,782,911 and 13,798,773 shares issued and outstanding, respectively	138	138
Additional paid-in capital	135,255	131,998
Accumulated other comprehensive income	9,422	3,985
Retained earnings	102,189	96,461
Total Federated National Holding Company shareholders' equity	247,004	232,582
Noncontrolling interest	18,676	18,177
Total shareholders' equity	265,680	250,759
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 721,614	$ 638,185