EXHIBIT 99.1

Federated National Holding Company Reports Second Quarter 2015 Basic Net Income of $0.86 per Share and Other Results of Operations

SUNRISE, Fla., Aug. 5, 2015 (GLOBE NEWSWIRE) -- Federated National Holding Company (the "Company") (Nasdaq:FNHC) today reported results for the quarter ended June 30, 2015.

Highlights:

• 39.2% increase in Florida homeowners' policies to approximately 212,500 as measured against the same three-month period last year
• 23.0% increase in gross premiums written to $132.0 million as measured against the same three-month period last year
• 19.4% increase in book value per share, including non-controlling interest, to $16.86 and a 10.0% increase in book value per share, excluding non-controlling interest, to $15.54 each as compared to December 31, 2014

Michael H. Braun, the Company's Chief Executive Officer and President, said "I am pleased to announce that our business continues to demonstrate strong momentum with solid organic growth in both written premiums and policy count. In addition, Monarch National Insurance Company commenced operations during the quarter and was rolled out to our partner agents in a gradual controlled manner. We remain committed to growing and managing our business in a manner that produces consistent results over the long-term by working with our partner agents to write sustainable business. I am proud of this company, its exceptional management team and employees, and everything we are achieving for our insureds, partner agents and shareholders. We feel the Company is very well positioned for long-term growth and success."

Second Quarter 2015 Financial Review

• For the three months ended June 30, 2015, the Company reported net income of $11.7 million, or $0.86 per share on 13.72 million average undiluted shares outstanding and $0.84 per share on 13.98 million average diluted shares outstanding, compared with net income of $11.6 million, or $1.04 per share on 11.10 million average undiluted shares outstanding and $1.01 per share on 11.48 million average diluted shares outstanding in the same three-month period last year.
   
• For the six months ended June 30, 2015, the Company reported net income of $21.0 million, or $1.54 per share on 13.69 million average undiluted shares outstanding and $1.50 per share on 13.98 million average diluted shares outstanding, compared with net income of $20.0 million, or $1.81 per share on 11.02 million average undiluted shares outstanding and $1.75 per share on 11.41 million average diluted shares outstanding in the same six-month period last year. 
   
• Gross premiums written increased $24.6 million, or 23.0%, to $132.0 million for the three months ended June 30, 2015, compared with $107.4 million for the same three-month period last year. Homeowners' gross premiums written increased $24.9 million, or 25.3%, to $123.5 million for the three months ended June 30, 2015, compared with $98.6 million for the same three-month period last year. 
   
• Gross premiums written increased $50.2 million, or 26.7%, to $238.7 million for the six months ended June 30, 2015, compared with $188.5 million for the same six-month period last year. Homeowners' gross premiums written increased $48.7 million, or 28.2%, to $221.3 million for the six months ended June 30, 2015, compared with $172.6 million for the same six-month period last year.
   
• Gross premiums written relating to Monarch National Insurance Company's operations totaled $0.5 million for the three and six months ended June 30, 2015. 
   
• Net premiums earned decreased $2.2 million, or 4.3%, to $49.2 million for the three months ended June 30, 2015, compared with $51.4 million for the same three-month period last year. This quarter over quarter decrease is a direct result of ceding $20.1 million of premium in accordance with our quota share treaty.
   
• Net premiums earned decreased $1.4 million, or 1.5%, to $94.0 million for the six months ended June 30, 2015, compared with $95.4 million for the same six-month period last year.  This six-month decrease as compared to prior year same period is a direct result of ceding $39.0 million of premium in accordance with our quota share treaty.
   
• Total revenues decreased $0.2 million, or 0.4%, to $58.8 million for the three months ended June 30, 2015, compared with $59.0 million for the same three-month period last year. This quarter over quarter decrease is a direct result of ceding $20.1 million of premium offset by the recording of $1.75 million in contingent income in accordance with our quota share treaty.
   
• Total revenues increased $5.0 million, or 4.6%, to $113.7 million for the six months ended June 30, 2015, as compared with $108.7 million for the same six-month period last year. This six-month marginal increase as compared to prior year same period is a direct result of ceding $39.0 million of premium offset by the recording of $3.5 million in contingent income in accordance with our quota share treaty.

Conference Call Information

The Company will hold an investor conference call at 9:00 AM (ET) tomorrow, August 6, 2015.  The Company's CEO and its CFO, Peter J. Prygelski, III, will discuss the financial results and review the outlook for the Company.  Messrs. Braun and Prygelski invite interested parties to listen to the conference on line at http://www.fednat.com/investors/conference-calls/ or call by dialing toll free (800) 514-8534.  Listeners interested in participating in the Q&A session should dial toll free (877) 303-6913.

Please call at least five minutes in advance to ensure that you are connected prior to the presentation.  A webcast replay of the conference call will be available shortly after the live webcast is completed and may be accessed via the Company's website.

About the Company

The Company is authorized to underwrite, and/or place through our wholly owned subsidiaries, homeowners' multi-peril ("homeowners"), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states.  The Company also serves as managing general agent for its joint venture, Monarch National. The Company markets and distributes its own and third-party insurers' products and our other services through a network of independent agents. The Company also utilizes a select number of general agents for the same purpose.

Forward-Looking Statements /Safe Harbor Statements

Safe harbor statement under the Private Securities Litigation Reform Act of 1995:

Statements that are not historical fact are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "anticipate," "believe," "budget," "contemplate," "continue," "could," "envision," "estimate," "expect," "guidance," "indicate," "intend," "may," "might," "plan," "possibly," "potential," "predict," "probably," "pro-forma," "project," "seek," "should," "target," or "will" or the negative thereof or other variations thereon and similar words or phrases or comparable terminology are intended to identify forward-looking statements.

Forward-looking statements might also include, but are not limited to, one or more of the following:

• Projections of revenues, income, earnings per share, dividends, capital structure or other financial items or measures;
• Descriptions of plans or objectives of management for future operations, insurance products/or services;
• Forecasts of future insurable events, economic performance, liquidity, need for funding and income; and
• Descriptions of assumptions or estimates underlying or relating to any of the foregoing.

The risks and uncertainties include, without limitation, risks and uncertainties related to estimates, assumptions and projections generally; the nature of the Company's business; the adequacy of its reserves for loss and loss adjustment expense; claims experience; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail) and other catastrophic losses; reinsurance costs and the ability of reinsurers to indemnify the Company; raising additional capital and our potential failure to meet minimum capital and surplus requirements; potential assessments that support property and casualty insurance pools and associations; the effectiveness of internal financial controls; the effectiveness of our underwriting, pricing and related loss limitation methods; changes in loss trends; court decisions and trends in litigation; our potential failure to pay claims accurately; ability to obtain regulatory approval applications for requested rate increases, or to underwrite in additional jurisdictions, and the timing thereof; the impact that the results of the Monarch joint venture may have on our results of operations; inflation and other changes in economic conditions (including changes in interest rates and financial markets); pricing competition and other initiatives by competitors; legislative and regulatory developments; the outcome of litigation pending against the Company, and any settlement thereof; dependence on investment income and the composition of the Company's investment portfolio; insurance agents; ratings by industry services; the reliability of our information technology systems; reliance on key personnel; acts of war and terrorist activities; and other matters described from time to time by the Company in releases and publications, and in periodic reports and other documents filed with the United States Securities and Exchange Commission. 

In addition, investors should be aware that generally accepted accounting principles prescribe when a company may reserve for particular risks, including claims and litigation exposures. Accordingly, results for a given reporting period could be significantly affected if and when a reserve is established for a contingency. Reported results may therefore appear to be volatile in certain accounting periods.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We do not undertake any obligation to update publicly or revise any forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

CONTACT: Michael H. Braun, CEO (954) 308-1322
         or Peter J. Prygelski, CFO (954) 308-1252
         Federated National Holding Company