Federated National Holding Company reported unaudited consolidated earnings results for the fourth quarter and full year ended of December 31, 2017. For the fourth quarter, gross premiums written was $133,892,000 compared to $137,106,000 a year ago. The decrease was driven by Automobile, which decreased $6.9 million, partially offset by an increase in Homeowners of $3.6 million. Total revenue was $101,752,000 compared to $89,971,000 a year ago. Income before income taxes was $9,567,000 compared to loss of $13,977,000 a year ago. Net Income was $5,624,000 or $0.48 per basic and diluted share compared to loss of $8,786,000 or $0.65 per basic and diluted share a year ago. Net income attributable to the company was $6,296,000 compared to loss of $8,793,000 a year ago. For the year, gross premiums written was $603,417,000 compared to $605,485,000 a year ago. Total revenue was $391,662,000 compared to $307,525,000 a year ago. Income before income taxes was $8,927,000 compared to $1,803,000 a year ago. Net Income was $5,342,000 or $0.60 per diluted share compared to $1,261,000 or $0.07 per basic and diluted share a year ago. Net income attributable to the company was $7,989,000 compared to $1,015,000 a year ago. Book value per share, excluding noncontrolling interest, of $16.29, as compared to $16.01 as of December 31, 2016. The company's 2018 effective tax rate will drop by 14 points to the 24% to 25% range.