FedNat Holding Company FNHC Income Statement

Fednat holding company (FNHC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Net premiums earned
363,652	355,257	333,481	-	-	-	-	-	-	-	47,976
Gross premiums written
-	-	-	-	-	-	-	119,459	-	-	-
Gross premiums written
-	-	-	-	-	-	-	-	98,269	96,410	-
Gross premiums written
-	-	-	-	-	-	-	-	-	-	104,379
Gross premiums ceded
-	-	-	-	-	-	-	51,085	-	-	56,217
Net premiums written
-	-	-	-	-	-	-	68,374	-	-	48,162
Gross premiums ceded
-	-	-	-	-	-	-	-	46,293	52,963	-
Net premiums written
-	-	-	-	-	-	-	-	51,976	43,447	-
Increase in prepaid reinsurance premiums
-	-	-	-	-	-	-	2,059	-2,656	-2,108	10,163
Increase in unearned premiums
-	-	-	-	-	-	-	11,074	797	-3,721	10,349
Net change in prepaid reinsurance premiums and unearned premiums
-	-	-	-	-	-	-	-9,015	-3,453	1,613	-186
Net premiums earned
-	-	-	261,369	213,020	170,905	104,381	59,359	48,523	45,060	-
Finance revenue
-	-	-	-	-	-	-	496	518	395	294
Direct written policy fees
-	-	-	-	-	-	-	2,007	1,583	1,609	1,620
Net investment income
15,901	12,460	10,254	9,063	7,226	5,385	3,332	3,819	4,079	3,726	3,397
Net realized and unrealized investment gains (losses)
7,084	-4,144	8,548	3,045	3,616	4,426	2,881	1,072	2,725	6,777	1,117
Direct written policy fees
10,200	13,366	17,173	-	-	-	-	-	-	-	-
Direct written policy fees
-	-	-	16,619	9,740	8,689	-	1,377	994	1,388	1,362
Regulatory assessments recovered
-	-	-	-	-	-	-	-	-	857	2,333
Other income
18,124	19,154	22,206	17,429	9,869	11,287	11,143	517	1,741	792	755
Quota-share profit sharing, net
-	-	-	-	-	-	-	0	-	-	-
Total revenues
414,961	396,093	391,662	307,525	243,471	200,692	121,737	68,647	60,163	60,604	58,854
Costs and expenses:
Losses and loss adjustment expenses
273,080	228,416	247,557	197,810	112,710	81,036	-	-	-	-	-
Commissions and other underwriting expenses
107,189	121,109	114,867	90,378	52,862	52,077	-	-	-	-	-
Losses and loss adjustment expenses
-	-	-	-	-	-	56,410	-	-	-	-
Commissions and other underwriting expenses
-	-	-	-	-	-	38,580	-	-	-	-
General and administrative expenses
23,203	22,183	19,963	17,186	14,698	10,272	7,529	-	-	-	-
Losses and LAE
-	-	-	-	-	-	-	-30,209	-30,896	-40,088	-43,706
Operating and underwriting expenses
-	-	-	-	-	-	-	9,996	9,916	10,835	9,681
Salaries and wages
-	-	-	-	-	-	-	8,439	8,004	8,611	7,930
Policy acquisition costs
-	-	-	-	-	-	-	13,255	12,347	13,025	13,747
Interest expense
10,776	4,177	348	348	256	-	-	-	-	-	-
Total costs and expenses
414,248	375,885	382,735	305,722	180,526	143,385	102,519	-	-	-	-
Total expenses
-	-	-	-	-	-	-	61,899	61,163	72,559	75,064
Income (loss) before income taxes
713	20,208	8,927	1,803	62,945	57,307	19,218	6,748	-1,000	-11,955	-16,210
Income tax expense (benefit)
-298	5,498	3,585	542	24,089	20,108	6,491	2,435	-570	-3,959	-5,921
Net income (loss)
1,011	14,710	5,342	1,261	38,856	37,199	12,727	-	-	-	-
Net income (loss) attributable to non-controlling interest
0	-218	-2,647	246	-445	-	0	-	-	-	-
Net income (loss) attributable to FedNat Holding Company shareholders
1,011	14,928	7,989	1,015	39,301	37,199	12,727	4,313	-430	-7,996	-10,289
Net Income (Loss) Per Common Share
Basic (in dollars per share)
0.08	1.17	0.61	0.07	2.86	3.08	1.50	0.53	-0.05	-1.01	-1.29
Diluted (in dollars per share)
0.08	1.16	0.60	0.07	2.81	2.99	1.45	0.53	-0.05	-1.01	-1.29
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)
12,977	12,775	13,170	13,758	13,729	12,082	-	7,951	7,946	7,946	8,002
Diluted (in shares)
13,023	12,867	13,250	13,922	13,997	12,438	-	8,016	7,946	7,946	8,002
Dividends declared per share of common stock (in dollars per share)
0.33	0.24	0.32	0.27	0.18	0.13	-	-	-	-	-
Premiums Written and Earned [Abstract]
Dividends paid per share (in dollars per share)
-	-	-	-	-	-	-	0.02	0.00	0.06	0.36