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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Net premiums earned $ 78,663 $ 69,405 $ 240,315 $ 184,447
Net investment income 2,603 2,164 7,481 6,398
Net realized investment gains 6,101 1,126 8,644 2,060
Direct written policy fees 3,651 4,318 13,222 13,445
Other income 4,874 4,493 14,511 13,321
Total revenue 95,892 81,506 284,173 219,671
Costs and expenses:        
Losses and loss adjustment expenses 72,935 45,973 181,657 126,216
Commissions and other underwriting expenses 29,242 29,868 86,578 61,232
General and administrative expenses 5,042 4,044 14,737 13,211
Interest expense 81 81 247 259
Total costs and expenses 107,300 79,966 283,219 200,918
(Loss) income before income taxes (11,408) 1,540 954 18,753
Income taxes (4,223) 102 350 6,594
Net (loss) income (7,185) 1,438 604 12,159
Net (loss) income attributable to noncontrolling interest (1,674) 44 (1,975) 239
Net (loss) income attributable to Federated National Holding Company shareholders $ (5,511) $ 1,394 $ 2,579 $ 11,920
Net (loss) income per share attributable to Federated National Holding Company shareholders:        
Basic (in dollars per share) $ (0.42) $ 0.10 $ 0.20 $ 0.86
Diluted (in dollars per share) $ (0.42) $ 0.10 $ 0.19 $ 0.85
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 13,135,000 13,780,000 13,211,000 13,807,000
Diluted (in shares) 13,135,000 13,943,000 13,302,000 13,999,000
Dividends declared per share of common stock (in dollars per share) $ 0.08 $ 0.08 $ 0.24 $ 0.17