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Insurance Operations (Tables)
6 Months Ended
Jun. 30, 2021
Insurance [Abstract]  
Schedule of 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 for the periods presented (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
DPAC, beginning of period$111,193 $94,354 $110,614 $91,882 
Capitalized Costs61,220 57,465 115,942 105,973 
Amortization of DPAC(56,442)(48,292)(110,585)(94,328)
DPAC, end of period$115,971 $103,527 $115,971 $103,527 
Schedule of 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 the Insurance Entities as of the dates presented (in thousands):
June 30, 2021December 31, 2020
Statutory capital and surplus
  UPCIC (1)$347,674 $360,707 
  APPCIC$16,505 $12,918 
Ten percent of total liabilities
  UPCIC$131,882 $98,682 
  APPCIC$879 $1,793 
(1)
As of the dates in the table above, statutory capital and surplus for UPCIC includes a $77 million capital contribution funded in February 2021 by UVE through PSI, the Insurance Entities’ parent company, which the FLOIR permitted to be included in the statutory capital and surplus at December 31, 2020 under statutory accounting principles. This contribution was not recognized on a U.S. GAAP basis at December 31, 2020.
Through PSI, UVE recorded contributions for the periods presented (in thousands):

Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Capital contributions$— $— $77,000 $30,000 
The following table summarizes combined net income for the Insurance Entities determined in accordance with statutory accounting practices for the periods presented (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
 2021202020212020
Combined net income $8,557 $7,636 $1,180 $4,402 
The Insurance Entities are required by various state laws and regulations to maintain certain assets in depository accounts. The following table represents assets held by insurance regulators as of the dates presented (in thousands):
June 30, 2021December 31, 2020
Restricted cash and cash equivalents$2,635 $2,635 
Investments$3,496 $3,550