XML 51 R33.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Reinsurance (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Insurance [Abstract] |
Summary of Quota-Share Cession Rates by Reinsurance Program | The following table presents quota-share cession rates by reinsurance program and the years they were in effect:
Reinsurance Program |  | Cession Rate |
June 2014 - May 2015 |  | 30% |
June 2015 - May 2016 |  | 0% |
June 2016 - May 2017 |  | 0% |
June 2017 - May 2018 |  | 0% |
Current Ratings from Rating Agencies and Unsecured Net Amounts Due from Reinsurers Whose Aggregate Balance Exceeded 3% of Stockholders' Equity | The following table presents ratings from rating agencies and the unsecured amounts due from the Company’s reinsurers whose aggregate balance exceeded 3% of the Company’s stockholders’ equity as of the dates presented (in thousands):
|  | Ratings as of December 31, 2017 |  |  |
|  |  |  | Standard |  |  |  |  |  |  |  |  |  |
|  |  |  | and Poor's |  | Moody's |  | Due from as of |
|  | AM Best |  | Rating |  | Investors |  | December 31, |
Reinsurer |  | Company |  | Services |  | Service, Inc. |  | 2017 |  |  | 2016 |
Allianz Risk Transfer |  | A+ |  | AA- |  | n/a |  | $ | 105,573 |  |  | $ | — |
Florida Hurricane Catastrophe Fund (1) |  | n/a |  | n/a |  | n/a |  |  | 52,054 |  |  |  | 46,364 |
Renaissance Reinsurance Ltd |  | A+ |  | AA- |  | A1 |  |  | 22,545 |  |  |  | — |
Total (2) |  |  |  |  |  |  |  | $ | 180,172 |  |  | $ | 46,364 |
(1) | No rating is available, because the fund is not rated.
(2) | Amounts represent prepaid reinsurance premiums reinsurance receivables, net recoverables for paid and unpaid losses, including incurred but not reported reserves, loss adjustment expenses, and offsetting reinsurance payables.
Summary of Effects of Reinsurance Arrangements | The Company’s reinsurance arrangements had the following effect on certain items in the Consolidated Statements of Income for the periods presented (in thousands):
|  | For the Year Ended December 31, 2017 |
|  |  |  |  |  |  |  |  |  | Losses and Loss |
|  | Premiums |  |  | Premiums |  |  | Adjustment |
|  | Written |  |  | Earned |  |  | Expenses |
Direct |  | $ | 1,055,886 |  |  | $ | 999,198 |  |  | $ | 779,122 |
Ceded |  |  | (318,826 | ) |  |  | (310,405 | ) |  |  | (428,694 | )
Net |  | $ | 737,060 |  |  | $ | 688,793 |  |  | $ | 350,428 |
|  | For the Year Ended December 31, 2016 |
|  |  |  |  |  |  |  |  |  | Losses and Loss |
|  | Premiums |  |  | Premiums |  |  | Adjustment |
|  | Written |  |  | Earned |  |  | Expenses |
Direct |  | $ | 954,617 |  |  | $ | 921,227 |  |  | $ | 303,036 |
Ceded |  |  | (298,523 | ) |  |  | (288,811 | ) |  |  | (1,807 | )
Net |  | $ | 656,094 |  |  | $ | 632,416 |  |  | $ | 301,229 |
|  | For the Year Ended December 31, 2015 |
|  |  |  |  |  |  |  |  |  | Losses and Loss |
|  | Premiums |  |  | Premiums |  |  | Adjustment |
|  | Written |  |  | Earned |  |  | Expenses |
Direct |  | $ | 883,409 |  |  | $ | 836,792 |  |  | $ | 214,491 |
Ceded |  |  | (256,961 | ) |  |  | (332,793 | ) |  |  | (26,752 | )
Net |  | $ | 626,448 |  |  | $ | 503,999 |  |  | $ | 187,739 |
Prepaid Reinsurance Premiums (Payable) and Reinsurance Recoverable and Receivable | The following prepaid reinsurance premiums (payable) and reinsurance recoverable and receivable are reflected in the Consolidated Balance Sheets as of the dates presented (in thousands):
|  | As of December 31, |
|  | 2017 |  |  | 2016 |
Prepaid reinsurance premiums |  | $ | 132,806 |  |  | $ | 124,385 |
Reinsurance recoverable on unpaid losses and LAE |  | $ | 182,405 |  |  | $ | 106 |
Reinsurance recoverable (payable) on paid losses |  |  | — |  |  |  | (1,532 | )
Reinsurance receivable, net |  |  | — |  |  |  | 186 |
Reinsurance recoverable (payable) and receivable |  | $ | 182,405 |  |  | $ | (1,240 | )

X
- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 825 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=75027451&loc=SL29635902-196195 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13537-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13531-108611 + Details
Name: | us-gaap_ScheduleOfCededCreditRiskByReinsurerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Quota-share cession rates by reinsurance program and years they were in effect. + References No definition available. + Details
Name: | uve_QuotaShareCessionRatesByReinsuranceProgramTableTextBlock
Namespace Prefix: | uve_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prepaid reinsurance premiums and reinsurance recoverables. + References No definition available. + Details
Name: | uve_ScheduleOfPrepaidReinsurancePremiumsAndReinsuranceRecoverablesTableTextBlock
Namespace Prefix: | uve_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration