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Insurance Operations (Tables) | 3 Months Ended
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Mar. 31, 2013
Reinsurance/Insurance Operations [Abstract] |
Composition of Insurance Entities' aggregate policies-in-force |
|  | As of March 31, 2013 |  |  | As of December 31, 2012 |
Percentage of Policies-In-Force: |  |  |  |  |  |  |  |
In Florida |  |  | 95 | % |  |  | 96 | %
With wind coverage |  |  | 98 | % |  |  | 98 | %
With wind coverage in South Florida (1) |  |  | 28 | % |  |  | 28 | %
(1) | South Florida is comprised of Miami-Dade, Broward and Palm Beach counties.
Beginning and ending balances and the changes in DPAC, net of DRCC |
|  | Three months ended March 31, |
|  | 2013 |  |  | 2012 |
DPAC, beginning of period (1) |  | $ | 54,431 |  |  | $ | 50,200 |
Capitalized Costs |  |  | 28,692 |  |  |  | 26,144 |
Amortization of DPAC |  |  | (27,732 | ) |  |  | (24,472 | )
DPAC, end of period |  | $ | 55,391 |  |  | $ | 51,872 |
DRCC, beginning of period (1) |  | $ | 37,149 |  |  | $ | 38,845 |
Ceding Commissions Written |  |  | 22,312 |  |  |  | 20,506 |
Earned Ceding Commissions |  |  | (21,447 | ) |  |  | (19,277 | )
DRCC, end of period |  | $ | 38,014 |  |  | $ | 40,074 |
DPAC (DRCC), net, beginning of period (1) |  | $ | 17,282 |  |  | $ | 11,355 |
Capitalized Costs, net |  |  | 6,379 |  |  |  | 5,638 |
Amortization of DPAC (DRCC), net |  |  | (6,284 | ) |  |  | (5,195 | )
DPAC (DRCC), net, end of period |  | $ | 17,377 |  |  | $ | 11,798 |
(1) | The beginning balances for the three months ended March 31, 2012 have been adjusted in connection with the adoption of the FASB’s updated guidance related to deferred policy acquisition costs as discussed below.
Change in liability for unpaid losses and LAE |
|  | Three Months Ended March 31, |
|  | 2013 |  |  | 2012 |
Balance at beginning of period |  | $ | 193,241 |  |  | $ | 187,215 |
Less reinsurance recoverable |  |  | (81,415 | ) |  |  | (88,002 | )
Net balance at beginning of period |  |  | 111,826 |  |  |  | 99,213 |
Incurred related to: |  |  |  |  |  |  |  |
Current year |  |  | 26,654 |  |  |  | 26,350 |
Prior years |  |  | (171 | ) |  |  | (176 | )
Total incurred |  |  | 26,483 |  |  |  | 26,174 |
Paid related to: |  |  |  |  |  |  |  |
Current year |  |  | 1,172 |  |  |  | 953 |
Prior years |  |  | 30,289 |  |  |  | 31,419 |
Total paid |  |  | 31,461 |  |  |  | 32,372 |
Net balance at end of period |  |  | 106,848 |  |  |  | 93,015 |
Plus reinsurance recoverable |  |  | 75,680 |  |  |  | 79,285 |
Balance at end of period |  | $ | 182,528 |  |  | $ | 172,300 |
Statutory capital and surplus, and an amount representing ten percent of total liabilities for both UPCIC and APPCIC |
|  | As of March 31, 2013 |  |  | As of December 31, 2012 |
Ten percent of total liabilities |  |  |  |  |  |  |  |
UPCIC |  | $ | 42,736 |  |  | $ | 39,260 |
APPCIC |  | $ | 827 |  |  | $ | 694 |
Statutory capital and surplus |  |  |  |  |  |  |  |
UPCIC |  | $ | 135,696 |  |  | $ | 134,034 |
APPCIC |  | $ | 14,505 |  |  | $ | 14,330 |
Assets held by insurance regulators |
|  | As of |  |  | As of |
|  | March 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Restricted cash and cash equivalents |  | $ | 2,600 |  |  | $ | 33,009 |
Investments |  | $ | 4,013 |  |  | $ | 4,009 |

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- Definition Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 505 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6486098&loc=d3e24790-158529 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 60 -Paragraph 60 -Subparagraph h -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-5 -Paragraph 8, 9 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486098&loc=d3e24708-158529 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 505 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6486098&loc=d3e24746-158529 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.23(c)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 505 -Section 55 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6588579&loc=d3e24938-158530 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 505 -Section 55 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6588579&loc=d3e24959-158530 + Details
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