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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost of $432,655 and $422,300, respectively) $ 425,489 $ 423,238
Debt securities, held-to-maturity, at amortized cost 5,288 5,349
Equity securities, at fair value 17,383 15,434
Total investments (including $0 and $26,284 related to the VIE, respectively) 448,160 444,021
Cash and cash equivalents (including $0 and $14,211 related to the VIE, respectively) 83,924 86,228
Prepaid reinsurance premiums 101,107 135,492
Premiums receivable, net of allowance of $69 and $70, respectively (including $0 and $1,184 related to the VIE, respectively) 43,032 46,393
Reinsurance recoverable, net 208,287 124,601
Deferred acquisition costs 42,920 40,893
Income taxes, net 8,774 9,817
Property and equipment, net 3,722 4,025
Other assets (including $0 and $2,322 related to the VIE, respectively) 11,917 13,403
Total assets 951,843 904,873
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Loss and loss adjustment expense reserves 291,675 230,515
Unearned premiums 302,295 294,423
Reinsurance payable 64,220 71,944
Long-term debt, net of deferred financing costs of $647 and $749, respectively 44,353 49,251
Deferred revenue 6,282 6,222
Other liabilities 27,990 25,059
Total liabilities 736,815 677,414
Other liabilities    
Preferred stock, $0.01 par value: 1,000,000 shares authorized 0 0
Common stock, $0.01 par value: 25,000,000 shares authorized; 12,731,777 and 12,988,247 shares issued and outstanding, respectively 127 130
Additional paid-in capital 140,102 139,728
Accumulated other comprehensive income (loss) (5,350) 1,770
Retained earnings 80,149 70,009
Total shareholders’ equity attributable to FedNat Holding Company shareholders 215,028 211,637
Non-controlling interest 0 15,822
Total shareholders’ equity 215,028 227,459
Total liabilities and shareholders' equity $ 951,843 $ 904,873