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Insurance Operations (Tables)

12 Months Ended

Dec. 31, 2014

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):

	For the years ended December 31,
	2014			2013			2012
DPAC, beginning of year (1)	$	54,099		$	54,431		$	50,200
Capitalized Costs		108,072			109,981			107,180
Amortization of DPAC		(107,568	)		(110,313	)		(102,949	)
DPAC, end of year	$	54,603		$	54,099		$	54,431
DRCC, beginning of year (1)	$	38,200		$	37,149		$	38,845
Ceding Commissions Written		64,810			89,679			85,063
Earned Ceding Commissions		(74,067	)		(88,628	)		(86,759	)
DRCC, end of year	$	28,943		$	38,200		$	37,149
DPAC (DRCC), net, beginning of year (1)	$	15,899		$	17,282		$	11,355
Capitalized Costs, net		43,262			20,302			22,117
Amortization of DPAC (DRCC), net		(33,501	)		(21,685	)		(16,190	)
DPAC (DRCC), net, end of year	$	25,660		$	15,899		$	17,282

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):

	Year Ended December 31,
	2014			2013			2012
Balance at beginning of year	$	159,222		$	193,241		$	187,215
Less: Reinsurance recoverable		(68,584	)		(81,415	)		(88,002	)
Net balance at beginning of period		90,638			111,826			99,213
Incurred (recovered) related to:
Current year		124,011			111,560			119,458
Prior years		(736	)		(2,945	)		6,729
Total incurred		123,275			108,615			126,187
Paid related to:
Current year		73,981			62,529			54,141
Prior years		52,929			67,274			59,433
Total paid		126,910			129,803			113,574
Net balance at end of period		87,003			90,638			111,826
Plus: Reinsurance recoverable		47,350			68,584			81,415
Balance at end of year	$	134,353		$	159,222		$	193,241

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 capital and surplus calculated in accordance with statutory accounting principles, which differ from U.S. GAAP, and an amount representing ten percent of total liabilities for both UPCIC and APPCIC as of the dates presented (in thousands):

	As of December 31,
	2014		2013
Ten percent of total liabilities
UPCIC	$	42,659	$	39,179
APPCIC	$	514	$	625
Statutory capital and surplus
UPCIC	$	200,173	$	161,803
APPCIC	$	14,036	$	13,708

Recorded Capital Contributions

Through UIHCF, the Insurance Entities’ parent company, UIH recorded capital contributions for the periods presented (in thousands):

	For the Years Ended December 31,
	2014		2013		2012
Capital Contributions	$	—	$	—	$	28,550

Assets Held by Insurance Regulators

The following table represents assets held by insurance regulators as of the dates presented (in thousands):

	As of December 31,
	2014		2013
Restricted cash and cash equivalents	$	2,635	$	2,600
Investments	$	3,609	$	3,707

- 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.

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