FedNat Holding Company FNHC Income Statement

Fednat holding company (FNHC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Net premiums earned
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Gross premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-
Gross premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Gross premiums ceded
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	0	0	0	0	0
Net premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	0	0	0	0	0
Gross premiums ceded
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-
Net premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-
Increase in prepaid reinsurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	18,712	12,191	1,994	2,059	3,194	-1,602	-985	-2,656	23,561	11,982	0	0	0
Increase in unearned premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Increase in unearned premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	58,071	42,623	18,611	11,074	11,981	7,773	4,571	797	0	0	0	-	-
Net change in prepaid reinsurance premiums and unearned premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-39,359	-30,432	-16,617	-9,015	-8,787	-9,375	-5,556	-3,453	31,017	10,324	0	0	0
Net premiums earned
-	-	-	370,681	-	-	-	333,933	333,930	-	322,900	311,541	288,032	261,369	241,168	234,049	223,231	213,020	197,249	169,481	171,687	170,905	165,017	157,860	130,086	104,381	86,079	73,806	64,840	59,359	0	0	0	-	-	-	-	-	-
Finance revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	717	598	527	496	470	523	512	518	521	449	0	0	0
Direct written policy fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5,073	3,876	2,657	2,007	1,911	1,764	1,655	1,583	1,511	1,662	0	0	0
Net investment income
16,083	15,901	15,439	14,508	13,227	12,460	11,831	11,297	10,879	10,254	10,146	9,707	9,341	9,063	8,470	8,213	7,720	7,226	6,780	6,323	5,924	5,385	4,709	4,059	3,545	3,332	3,352	3,505	3,652	3,819	3,873	3,951	4,070	4,079	3,980	3,960	0	0	0
Net realized and unrealized investment gains (losses)
1,958	7,084	-10	956	-791	-4,144	820	5,161	7,601	8,548	9,629	4,654	2,013	3,045	1,933	1,933	2,839	3,616	4,123	3,656	4,799	4,426	4,447	4,568	3,399	2,881	3,635	3,000	1,895	1,072	1,590	2,158	2,818	2,725	2,916	3,802	0	0	0
Direct written policy fees
11,275	10,200	11,104	11,903	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct written policy fees
-	-	-	-	-	-	-	-	16,037	-	16,791	17,011	17,129	16,619	0	0	0	-	-	-	-	8,689	0	0	0	-	2,262	2,025	1,577	1,377	1,238	1,091	1,004	994	1,258	1,563	0	0	0
Regulatory assessments recovered
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	224	275	0	0	0
Other income
19,369	18,124	17,436	16,356	17,664	19,154	22,849	24,334	23,238	22,206	15,554	14,916	15,104	17,429	4,805	7,592	9,763	9,869	30,876	24,566	17,906	11,287	12,065	11,561	11,299	11,143	668	320	622	517	1,095	1,819	1,630	1,741	1,248	787	0	0	0
Quota-share profit sharing, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
429,463	414,961	402,416	413,772	404,213	396,093	401,403	389,268	391,685	391,662	375,020	357,829	331,619	307,525	279,561	270,654	257,495	243,471	235,149	205,700	205,913	200,692	191,639	180,406	149,586	121,737	101,786	87,130	75,770	68,647	65,494	64,427	61,780	60,163	58,975	57,815	0	0	0
Costs and expenses:
Losses and loss adjustment expenses
275,171	273,080	266,602	266,954	249,184	228,416	214,972	227,882	236,729	247,557	261,992	232,598	225,164	197,810	152,913	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions and other underwriting expenses
115,310	107,189	105,292	111,811	119,122	121,109	119,451	116,464	117,520	114,867	111,570	113,052	98,094	90,378	87,301	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses and loss adjustment expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions and other underwriting expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
23,137	23,203	23,174	22,928	22,409	22,183	21,571	21,613	21,429	19,963	18,712	17,714	17,724	17,186	15,937	16,780	14,981	14,698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses and LAE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-45,872	-39,485	-33,802	-30,209	-27,692	-27,495	-28,177	-30,896	-32,786	-35,130	0	0	0
Operating and underwriting expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	13,239	11,875	10,312	9,996	9,217	9,441	9,614	9,916	10,070	10,812	0	0	0
Salaries and wages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	9,529	8,899	8,561	8,439	8,226	8,120	8,016	8,004	8,209	8,412	0	0	0
Policy acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	18,914	16,321	14,260	13,255	12,524	12,097	12,155	12,347	13,448	12,927	0	0	0
Interest expense
7,640	10,776	9,898	9,036	8,144	4,177	3,240	2,289	1,348	348	336	336	348	348	353	337	329	256	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
421,258	414,248	404,966	410,729	398,859	375,885	359,234	368,248	377,026	382,735	392,610	363,700	341,330	305,722	248,611	223,619	193,636	180,526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	87,554	76,580	66,935	61,899	57,659	57,153	57,962	61,163	64,513	67,281	0	0	0
Income (loss) before income taxes
8,205	713	-2,550	3,043	5,354	20,208	42,169	21,020	14,659	8,927	-17,590	-5,871	-9,711	1,803	30,950	47,035	63,859	62,945	64,878	58,708	58,063	57,307	49,823	43,153	29,214	19,218	14,232	10,550	8,835	6,748	7,835	7,274	3,818	-1,000	-5,538	-9,466	0	0	0
Income tax expense (benefit)
1,196	-298	-1,149	1,153	1,754	5,498	12,530	5,729	4,521	3,585	-6,410	-2,527	-3,818	542	11,163	18,115	24,173	24,089	47,145	44,319	31,124	20,108	-5,438	-8,162	-211	6,491	5,003	3,852	3,259	2,435	2,637	2,398	1,169	-570	-1,886	-3,037	0	0	0
Net income (loss)
7,009	1,011	-1,401	1,890	3,600	14,710	29,639	15,291	10,138	5,342	-11,180	-3,344	-5,893	1,261	19,787	28,920	39,686	38,856	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to non-controlling interest
-	-	0	0	-	-218	-890	-2,564	-2,892	-2,647	-1,968	-250	205	246	177	111	134	-445	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to FedNat Holding Company shareholders
-	-	-1,401	1,890	-	14,928	30,529	17,855	13,030	7,989	-9,212	-3,094	-6,098	1,015	19,610	28,809	39,552	39,301	41,606	38,240	38,060	37,199	31,771	27,825	18,815	12,727	9,229	6,698	5,576	4,313	5,198	4,876	2,649	-430	-3,652	-6,429	0	0	0
Net Income (Loss) Per Common Share
Basic (in dollars per share)
0.15	-0.53	0.36	0.55	-0.30	-0.72	0.62	0.69	0.58	0.49	-0.36	0.30	0.18	-0.79	0.10	0.07	0.69	0.55	0.77	0.86	0.68	0.70	0.57	1.04	0.77	0.48	0.41	0.32	0.29	0.13	0.09	0.18	0.13	0.25	0.05	-0.10	-0.25	-0.16	-0.30
Diluted (in dollars per share)
0.15	-0.53	0.36	0.55	-0.30	-0.73	0.62	0.69	0.58	0.48	-0.36	0.30	0.18	-0.78	0.10	0.07	0.68	0.55	0.76	0.84	0.66	0.68	0.56	1.01	0.74	0.46	0.39	0.31	0.29	0.13	0.09	0.18	0.13	0.25	0.05	-0.10	-0.25	-0.16	-0.30
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)
14,249	13,415	12,854	12,844	12,795	12,775	12,749	12,726	12,850	12,942	13,135	13,171	13,432	13,621	13,780	13,805	13,826	-	13,749	13,722	-	13,658	12,624	11,096	10,948	-	8,066	8,019	7,982	7,965	7,948	7,947	7,946	7,946	7,946	7,946	7,946	7,946	7,946
Diluted (in shares)
14,312	13,517	12,897	12,883	12,795	12,807	12,870	12,846	12,945	13,050	13,135	13,256	13,559	13,713	13,943	13,988	14,044	-	13,977	13,985	-	13,996	12,956	11,481	11,317	-	8,345	8,273	8,126	8,066	8,042	7,993	7,962	7,946	7,946	7,946	7,946	7,946	7,946
Dividends declared per share of common stock (in dollars per share)
0.09	0.09	0.08	0.08	0.08	0.08	0.00	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.06	0.05	-	0.04	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums Written and Earned [Abstract]
Dividends paid per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	0.03	0.03	-	0.03	0.03	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00