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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost of $370,881 and $338,021, respectively) $ 378,879 $ 339,178
Debt securities, held-to-maturity, at amortized cost 5,880 6,619
Equity securities, available-for-sale, at fair value (cost of $34,905 and $33,581, respectively) 41,334 38,534
Total investments (including $28,290 and $22,670 related to the VIE, respectively) 426,093 384,331
Cash and cash equivalents (including $14,753 and $14,616 related to the VIE, respectively) 106,200 53,038
Prepaid reinsurance premiums 58,763 120,771
Premiums receivable, net of allowance of $57 and $302, respectively (including $1,589 and $355 related to the VIE, respectively) 63,605 38,594
Reinsurance recoverable, net 25,151 12,714
Deferred acquisition costs 41,247 15,547
Income taxes receivable 16,706 2,691
Property and equipment, net 3,863 2,894
Other assets (including $1,269 and $1,037 related to the VIE, respectively) 7,829 7,605
TOTAL ASSETS 749,457 638,185
LIABILITIES:    
Loss and loss adjustment expense reserves 127,485 97,340
Unearned premiums 309,283 253,960
Debt from consolidated variable interest entity 4,903 4,887
Deferred income taxes, net 12,912 5,627
Other liabilities 31,521 25,612
Total liabilities 486,104 387,426
SHAREHOLDERS' EQUITY:    
Preferred stock, $0.01 par value: 1,000,000 shares authorized
Common stock, $0.01 par value: 25,000,000 shares authorized; 13,801,607 and 13,798,773 shares issued and outstanding, respectively 138 138
Additional paid-in capital 136,359 131,998
Accumulated other comprehensive income 8,800 3,985
Retained earnings 99,336 96,461
Total Federated National Holding Company shareholders' equity 244,633 232,582
Noncontrolling interest 18,720 18,177
Total shareholders' equity 263,353 250,759
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 749,457 $ 638,185