XML 50 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Insurance Operations (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Insurance [Abstract] |
Beginning and Ending Balances and Changes in DPAC, Net of DRCC | The following table presents the beginning and ending balances and the changes in DPAC, net of DRCC, for the periods presented (in thousands):
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
DPAC, beginning of period |  | $ | 54,099 |  |  | $ | 54,431 |
Capitalized Costs |  |  | 26,782 |  |  |  | 28,692 |
Amortization of DPAC |  |  | (26,670 | ) |  |  | (27,732 | )
DPAC, end of period |  | $ | 54,211 |  |  | $ | 55,391 |
DRCC, beginning of period |  | $ | 38,200 |  |  | $ | 37,149 |
Ceding Commissions Written |  |  | 21,880 |  |  |  | 22,312 |
Earned Ceding Commissions |  |  | (21,762 | ) |  |  | (21,447 | )
DRCC, end of period |  | $ | 38,318 |  |  | $ | 38,014 |
DPAC (DRCC), net, beginning of period |  | $ | 15,899 |  |  | $ | 17,282 |
Capitalized Costs, net |  |  | 4,902 |  |  |  | 6,379 |
Amortization of DPAC (DRCC), net |  |  | (4,908 | ) |  |  | (6,284 | )
DPAC (DRCC), net, end of period |  | $ | 15,893 |  |  | $ | 17,377 |
Change in Liability for Unpaid Losses and LAE | Set forth in the following table is the change in liability for unpaid losses and LAE for the periods presented (in thousands):
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Balance at beginning of period |  | $ | 159,222 |  |  | $ | 193,241 |
Less reinsurance recoverable |  |  | (68,584 | ) |  |  | (81,415 | )
Net balance at beginning of period |  |  | 90,638 |  |  |  | 111,826 |
Incurred (recovered) related to: |  |  |  |  |  |  |  |
Current year |  |  | 26,855 |  |  |  | 26,654 |
Prior years |  |  | (30 | ) |  |  | (171 | )
Total incurred |  |  | 26,825 |  |  |  | 26,483 |
Paid related to: |  |  |  |  |  |  |  |
Current year |  |  | 3,867 |  |  |  | 1,172 |
Prior years |  |  | 27,148 |  |  |  | 30,289 |
Total paid |  |  | 31,015 |  |  |  | 31,461 |
Net balance at end of period |  |  | 86,448 |  |  |  | 106,848 |
Plus reinsurance recoverable |  |  | 64,109 |  |  |  | 75,680 |
Balance at end of period |  | $ | 150,557 |  |  | $ | 182,528 |
Statutory Capital and Surplus, and an Amount Representing Ten Percent of Total Liabilities for both UPCIC and APPCIC | The following table presents the amount of statutory capital and surplus, and an amount representing ten percent of total liabilities for both UPCIC and APPCIC as of the dates presented (in thousands):
|  | As of March 31, 2014 |  |  | As of December 31, 2013 |
Ten percent of total liabilities |  |  |  |  |  |  |  |
UPCIC |  | $ | 39,971 |  |  | $ | 39,179 |
APPCIC |  | $ | 630 |  |  | $ | 625 |
Statutory capital and surplus |  |  |  |  |  |  |  |
UPCIC |  | $ | 166,720 |  |  | $ | 161,803 |
APPCIC |  | $ | 13,575 |  |  | $ | 13,708 |
Assets Held by Insurance Regulators | The following table represents assets held by insurance regulators as of the dates presented (in thousands):
|  | As of March 31, 2014 |  |  | As of December 31, 2013 |
Restricted cash and cash equivalents |  | $ | 2,635 |  |  | $ | 2,600 |
Investments |  | $ | 3,683 |  |  | $ | 3,707 |

X
- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an adjustment or group of similar adjustments to the opening balance of the estimated reserve for unpaid claims and claims adjustment expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e30840-122693 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22644-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAdjustmentExpenseByExpenseTypeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 1 -URI http://asc.fasb.org/extlink&oid=6486098&loc=d3e24708-158529 Reference 2: 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 3: 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 4: 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 5: 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 6: 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
Name: | us-gaap_StatutoryAccountingPracticesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of assets held by insurance regulators. + References No definition available. + Details
Name: | uve_ScheduleOfAssetsHeldByInsuranceRegulatorsTableTextBlock
Namespace Prefix: | uve_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration