Fednat holding company (FNHC)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $534,551 and $512,645, respectively)

542,835

526,265

468,130

451,124

443,458

428,641

424,148

425,489

429,457

423,238

422,359

383,910

375,970

374,756

378,879

365,364

339,245

339,178

341,915

316,577

288,193

284,099

275,387

247,947

200,339

174,912

126,013

106,212

107,764

101,755

116,506

109,954

106,284

104,311

104,336

101,454

98,350

Debt Securities, Held-to-maturity

4,271

4,337

4,369

4,499

4,552

5,126

5,255

5,288

5,298

5,349

5,410

5,421

5,488

5,551

5,880

5,905

6,218

6,619

6,387

6,436

7,462

7,417

7,352

7,498

7,323

7,214

7,295

7,265

6,849

7,359

7,455

7,113

7,171

7,128

7,224

7,220

6,198

Equity securities, at fair value

-

-

-

-

-

17,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, at fair value

17,324

20,039

19,014

22,112

20,824

-

19,535

17,383

16,515

15,434

15,575

45,445

44,003

29,375

41,334

40,601

40,830

38,534

38,086

43,004

40,726

39,247

36,463

36,630

37,857

38,584

34,734

30,507

27,108

20,982

21,070

18,533

18,394

18,028

17,063

20,894

17,937

Total investments

564,430

550,641

491,513

477,735

468,834

451,525

448,938

448,160

451,270

444,021

443,344

434,776

425,461

409,682

426,093

411,870

386,293

384,331

386,388

366,017

336,381

330,763

319,202

292,075

245,519

220,710

168,042

143,984

141,721

130,096

145,031

135,600

131,849

129,467

128,623

129,568

122,485

Cash and cash equivalents

123,190

133,361

121,418

133,787

100,589

64,423

69,457

83,924

55,591

86,228

81,535

99,529

80,495

74,593

106,200

80,073

72,562

53,038

-

96,322

88,163

40,157

45,926

57,501

50,489

41,446

46,994

49,313

28,193

21,143

10,935

21,430

15,476

15,205

15,111

22,142

16,206

Cash and short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid reinsurance premiums

89,465

145,659

170,294

82,781

69,858

108,577

134,285

101,107

87,201

135,492

189,957

120,589

112,457

156,932

58,763

109,809

113,117

181,840

95,470

40,330

46,039

54,502

39,202

0

837

7,592

1,707

540

4,063

7,045

5,386

2,421

5,120

8,339

4,028

2,288

10,416

Premiums receivable, net of allowance of $189 and $159, respectively

38,337

41,422

39,932

31,239

22,684

29,791

34,286

43,032

45,667

46,393

55,145

59,422

59,116

54,854

63,605

58,063

48,232

38,594

34,928

33,051

29,809

27,275

28,112

28,121

23,952

22,414

20,110

19,639

12,683

8,023

8,136

8,094

7,350

5,616

5,182

6,934

5,639

Reinsurance recoverable, net

-

-

-

-

-

211,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Recoverables, Including Reinsurance Premium Paid

261,150

209,615

202,875

199,313

301,922

-

134,736

208,287

146,091

124,601

338,015

41,090

50,453

47,863

25,151

20,572

17,924

12,714

8,349

15,294

13,034

12,534

9,235

2,921

2,708

2,742

2,684

3,545

3,586

3,503

2,205

1,697

1,780

2,087

3,721

5,066

8,038

Deferred acquisition costs and value of business acquired, net

57,715

56,136

48,539

45,539

40,232

39,436

47,395

42,920

39,401

40,893

38,958

41,299

39,306

41,892

41,247

21,287

15,764

15,547

13,522

19,267

15,765

13,610

10,980

22,997

18,465

16,708

14,360

13,199

10,140

8,479

8,484

9,436

8,588

7,718

7,692

8,935

7,879

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,150

1,006

852

3,993

2,637

4,338

4,482

6,105

7,399

8,612

9,468

8,954

7,916

Current and deferred income taxes, net

2,358

2,552

1,056

2,369

4,027

5,220

3,006

8,774

4,699

9,817

20,707

13,468

5,748

13,871

16,706

8,687

1,171

2,691

5,763

5,519

2,090

1,810

2,130

-

-

0

868

234

0

39

70

-

-

0

2,281

2,393

2,393

Deferred income taxes, net

-

-

-

-

-

-

-

-

4,368

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

0

4,120

3,722

3,797

4,025

4,202

4,298

4,243

4,194

3,863

3,335

3,236

2,894

2,753

1,988

1,720

1,749

1,670

1,457

1,071

929

915

906

883

564

777

805

814

842

627

739

767

Other assets

29,456

28,633

25,602

23,520

27,441

14,975

14,388

11,917

10,130

13,403

9,607

11,250

10,885

11,509

7,829

7,918

7,829

7,605

10,973

9,274

8,265

21,231

5,135

4,680

4,164

3,194

2,488

2,116

2,120

2,658

1,679

1,944

4,948

2,094

2,025

2,166

2,310

Contingent quota-share profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

14,000

14,000

-

14,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,177,098

1,179,016

1,101,229

996,283

1,035,587

925,371

890,611

951,843

848,215

904,873

1,181,470

825,721

788,164

815,390

749,457

721,614

666,128

699,254

634,307

601,062

555,266

503,631

475,592

409,752

348,355

316,741

259,020

237,469

206,026

185,888

187,185

187,532

183,324

179,980

178,758

189,185

184,049

Liabilities and Equity [Abstract]
LIABILITIES AND SHAREHOLDERS’ EQUITY
Loss and loss adjustment expense reserves

375,675

324,362

286,948

268,735

374,124

296,230

221,114

291,675

236,214

230,515

461,541

156,973

154,337

158,110

127,485

120,723

101,615

97,340

91,673

88,082

9,653

78,330

7,182

6,053

-

6,203

-

-

-

-

-

-

-

-

-

-

-

Unpaid losses and LAE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84,475

-

73,109

71,035

62,553

61,016

51,950

48,884

47,565

49,908

51,177

53,000

55,308

59,983

62,158

64,731

66,529

Unearned premiums

358,258

360,870

317,393

303,808

275,860

281,992

296,329

302,295

282,397

294,423

312,227

310,224

292,095

294,022

309,283

295,769

261,885

253,960

250,397

232,811

203,433

192,424

186,638

178,409

145,340

128,343

116,988

104,225

73,293

59,006

58,916

61,601

54,682

47,933

46,935

53,829

47,136

Reinsurance payable

63,051

102,467

122,802

52,760

31,399

63,599

77,004

64,220

38,489

71,944

126,479

69,782

54,431

79,154

-

-

-

61,069

-

-

-

-

-

7,134

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt and Lease Obligation

98,562

98,522

98,482

98,442

98,401

44,404

44,377

44,353

44,328

49,251

4,925

4,919

4,914

4,909

4,903

4,898

4,893

4,887

5,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

6,770

6,856

6,239

5,122

4,567

4,585

4,913

6,282

5,924

6,222

-

-

-

6,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums deposits and customer credit balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,265

11,319

11,291

-

7,094

7,530

7,216

3,833

3,841

3,082

3,722

2,458

2,055

2,246

3,162

2,804

2,601

2,425

2,364

Funds held under reinsurance treaties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,590

-

-

Bank overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,212

-

4,809

6,047

6,350

5,987

6,226

5,846

7,223

7,930

7,560

8,913

7,430

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

583

4,357

2,379

-

-

77

0

0

39

125

77

-

-

0

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

8,769

7,397

3,462

-

12,912

5,720

8,900

5,627

4,815

4,962

1,897

1,341

1,964

566

-

0

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

35,608

37,246

31,976

36,631

33,320

19,302

23,938

27,990

32,783

25,059

38,766

36,589

37,890

37,643

31,521

28,824

27,645

25,612

-

-

-

38,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Claims payments outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,272

9,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gain from sale of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

127

253

506

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,403

10,489

8,967

-

7,631

8,060

6,090

6,473

7,409

6,087

6,350

2,624

3,321

2,128

2,370

3,109

1,111

3,010

2,153

Deferred quota-share profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7,000

8,750

-

12,250

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

937,924

930,323

863,840

765,498

817,671

710,112

667,675

736,815

640,135

677,414

952,707

585,884

547,129

580,925

486,104

455,934

404,938

448,495

392,825

369,626

333,466

311,052

295,868

279,370

230,768

208,247

184,997

168,325

137,357

119,983

121,695

124,860

122,870

121,836

123,082

133,161

126,118

Shareholders' Equity
Preferred Stock, Value, Issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common Stock, Value, Issued

139

144

129

128

128

128

128

127

127

130

130

130

134

134

138

138

138

138

138

137

137

136

136

111

110

109

81

81

80

80

80

79

79

79

79

79

79

Additional paid-in capital

168,130

167,677

143,088

142,486

141,803

141,128

140,608

140,102

139,388

139,728

139,161

138,191

137,446

136,779

136,359

135,255

132,928

131,998

131,203

129,495

128,611

127,302

125,433

81,731

81,085

80,525

52,009

51,815

51,445

51,356

51,172

51,088

51,004

50,940

50,870

50,802

50,654

Unrealized net gains on investments, available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,838

6,359

8,925

-

6,093

7,362

-

5,964

-

-

-

-

-

-

-

-

-

-

-

Unrealized net gains on investments, available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,414

-

-4,273

-2,616

-4,806

-4,067

-4,746

2,763

-

-877

-

-

-

Accumulated other comprehensive income (loss)

6,253

10,281

11,648

9,260

3,138

-3,750

-5,901

-5,350

-3,861

1,770

2,713

5,157

4,226

1,941

8,800

9,422

6,367

3,985

4,838

6,359

8,925

7,718

6,093

7,362

6,414

5,964

4,273

2,616

4,806

4,067

4,746

2,763

2,051

877

433

1,277

520

Retained earnings

64,652

70,591

82,524

78,911

72,847

77,753

88,101

80,149

72,426

70,009

70,265

78,190

80,495

76,884

99,336

102,189

103,354

96,461

87,188

77,308

66,140

57,423

48,062

41,178

29,978

21,896

17,660

14,632

12,338

10,402

9,492

8,742

7,320

6,248

4,294

3,866

6,678

Total shareholders’ equity attributable to FedNat Holding Company shareholders

-

-

-

-

-

215,259

222,936

215,028

208,080

211,637

212,269

221,668

222,301

215,738

244,633

247,004

242,787

232,582

241,482

231,436

221,800

192,579

179,724

130,382

117,587

108,494

74,023

69,144

68,669

65,905

65,490

62,672

60,454

58,144

55,676

56,024

57,931

Noncontrolling Interest in Variable Interest Entity

-

-

-

-

-

-

0

0

0

15,822

16,494

18,169

18,734

18,727

18,720

18,676

18,403

18,177

18,115

18,137

17,987

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders’ equity

239,174

248,693

237,389

230,785

217,916

-

222,936

215,028

208,080

227,459

228,763

239,837

241,035

234,465

263,353

265,680

261,190

250,759

223,367

213,299

203,813

192,579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and shareholders' equity

1,177,098

1,179,016

1,101,229

996,283

1,035,587

925,371

890,611

951,843

848,215

904,873

1,181,470

825,721

788,164

815,390

749,457

721,614

666,128

699,254

634,307

601,062

555,266

503,631

475,592

409,752

348,355

316,741

259,020

237,469

206,026

185,888

187,185

187,532

183,324

179,980

178,758

189,185

184,049

Goodwill

10,997

10,997

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance Recoverable, Allowance for Credit Loss

53

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Held-to-maturity, Allowance for Credit Loss

2

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-