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Schedule II - Condensed Financial Information | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure | SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT
Condensed Balance Sheets
| December 31,
| 2020 |  | 2019
Assets |  |  |
Fixed maturities, available for sale, at fair value | $ | 2,971 |  |  | $ | 15,020 |
Equity securities, at fair value | 114 |  |  | 18,594 |
Cash and cash equivalents | 17,828 |  |  | 3,160 |
Accrued investment income | 9 |  |  | 79 |
Investment in subsidiaries | 562,448 |  |  | 644,015 |
Goodwill | 10,157 |  |  | 10,157 |
Property and equipment, net | 9,144 |  |  | 12,010 |
Other assets | 6,944 |  |  | 4,187 |
Total Assets | $ | 609,615 |  |  | $ | 707,222 |
Liabilities |  |  |
Intercompany payable | $ | 37,401 |  |  | $ | 31,401 |
Accounts payable and accrued expenses | 1,352 |  |  | 421 |
Lease Liabilities | 46 |  |  | 64 |
Other Liabilities | 1,679 |  |  | 186 |
Long-term notes payable | 151,276 |  |  | 151,285 |
Total Liabilities | 191,754 |  |  | 183,357 |
Stockholders’ Equity |  |  |
Common stock | 4 |  |  | 4 |
Additional paid-in capital | 393,122 |  |  | 391,852 |
Treasury stock | (431) |  |  | (431) |
Accumulated other comprehensive income | 9,693 |  |  | 11,319 |
Retained earnings | (6,373) |  |  | 100,394 |
Total UIHC Stockholders’ Equity | 396,015 |  |  | 503,138 |
Noncontrolling Interests | 21,846 |  |  | 20,727 |
Total Stockholders’ Equity | 417,861 |  |  | 523,865 |
Total Liabilities and Stockholders’ Equity | $ | 609,615 |  |  | $ | 707,222 |
SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT, CONTINUED
Condensed Statements of Comprehensive Income (Loss)
|  | Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
REVENUE: |  |  |  |  |  |
Net income (loss) from subsidiaries (equity method) |  | $ | (83,434) |  |  | $ | (24,131) |  |  | $ | 10,124 |
Net realized investment gain (loss) |  | 4,971 |  |  | 63 |  |  | (160) |
Net investment income |  | 520 |  |  | 1,156 |  |  | 2,353 |
Net unrealized gain (loss) on equity securities |  | (2,812) |  |  | 4,036 |  |  | (1,223) |
Total revenues |  | (80,755) |  |  | (18,876) |  |  | 11,094 |
EXPENSES: |  |  |  |  |  |
Operating and underwriting |  | 181 |  |  | 219 |  |  | 198 |
General and administrative |  | 6,912 |  |  | 3,042 |  |  | 3,416 |
Interest expense |  | 9,465 |  |  | 9,499 |  |  | 9,557 |
Total expenses |  | 16,558 |  |  | 12,760 |  |  | 13,171 |
Loss before other income |  | (97,313) |  |  | (31,636) |  |  | (2,077) |
Other income |  | — |  |  | — |  |  | 11 |
Loss before income taxes |  | (97,313) |  |  | (31,636) |  |  | (2,066) |
Provision for income tax benefit |  | (1,815) |  |  | (2,151) |  |  | (2,460) |
Net income (loss) |  | $ | (95,498) |  |  | $ | (29,485) |  |  | $ | 394 |
Less: Net income attributable to NCI |  | 956 |  |  | 387 |  |  | 104 |
Net income (loss) attributable to UIHC |  | $ | (96,454) |  |  | $ | (29,872) |  |  | $ | 290 |
Unrealized gain (loss) on investments |  | 64,726 |  |  | 28,366 |  |  | (22,264) |
Reclassification adjustments - gains |  | (66,691) |  |  | (1,228) |  |  | (1,655) |
Income tax benefit (expense) related to other items of comprehensive income |  | 502 |  |  | (6,588) |  |  | 5,703 |
Total comprehensive loss |  | $ | (96,961) |  |  | $ | (8,935) |  |  | $ | (17,822) |
Less: Comprehensive income attributable to NCI |  | 1,119 |  |  | 588 |  |  | 139 |
Total comprehensive loss attributable to UIHC |  | $ | (98,080) |  |  | $ | (9,523) |  |  | $ | (17,961) |
SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT, CONTINUED
Condensed Statements of Cash Flows
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
OPERATING ACTIVITIES |  |  |  |  |
Net income (loss) | $ | (95,498) |  |  | $ | (29,485) |  |  | $ | 394 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |
Dividends received from (returned to) subsidiaries | — |  |  | (1,764) |  |  | 51,764 |
Depreciation and amortization | 2,054 |  |  | 1,131 |  |  | 1,079 |
Bond amortization | 42 |  |  | 66 |  |  | (6) |
Unrealized losses (gains) on equities | 2,812 |  |  | (4,036) |  |  | 1,223 |
Net realized investment losses (gains) | (4,971) |  |  | (63) |  |  | 160 |
Deferred income taxes, net | 644 |  |  | (511) |  |  | (570) |
Stock based compensation | 1,382 |  |  | 3,007 |  |  | 2,414 |
Disposal of fixed assets | 2,763 |  |  | — |  |  | — |
Changes in operating assets and liabilities: |  |  |  |  |
Accrued investment income (loss) | 70 |  |  | 113 |  |  | (192) |
Other assets | (3,682) |  |  | 9,976 |  |  | (908) |
Accounts payable and accrued expenses | 931 |  |  | (22) |  |  | (524) |
Intercompany payable | 6,000 |  |  | (16,702) |  |  | 21,975 |
Lease liabilities | (18) |  |  | 64 |  |  | — |
Other liabilities | 966 |  |  | 313 |  |  | — |
Net cash provided by (used in) operating activities | (86,505) |  |  | (37,913) |  |  | 76,809 |
INVESTING ACTIVITIES |  |  |  |  |
Proceeds from sales of investments available for sale | 32,518 |  |  | 35,036 |  |  | 37,315 |
Purchases of investments available for sale | (317) |  |  | (3,567) |  |  | (72,635) |
Investment in subsidiaries | 80,432 |  |  | 20,709 |  |  | (104,125) |
Cost of property and equipment acquired | (688) |  |  | (4,749) |  |  | (1,032) |
Net cash provided by (used) in investing activities | 111,945 |  |  | 47,429 |  |  | (140,477) |
FINANCING ACTIVITIES |  |  |  |  |
Tax withholding payment related to net settlement of equity awards | (112) |  |  | (296) |  |  | (418) |
Proceeds from borrowings | — |  |  | — |  |  | — |
Repayments of borrowings | (347) |  |  | (347) |  |  | (347) |
Payments of debt issuance costs | — |  |  | — |  |  | (63) |
Dividends | (10,313) |  |  | (10,280) |  |  | (10,268) |
Bank overdrafts |  |  |  |  | — |
Proceeds from offering |  |  |  |  | — |
Net cash used in financing activities | (10,772) |  |  | (10,923) |  |  | (11,096) |
Decrease in cash | 14,668 |  |  | (1,407) |  |  | (74,764) |
Cash and cash equivalents at beginning of period | 3,160 |  |  | 4,567 |  |  | 79,331 |
Cash and cash equivalents at end of period | $ | 17,828 |  |  | $ | 3,160 |  |  | $ | 4,567 |
Notes to Condensed Financial Statements - Basis of Presentation The Company’s investment in subsidiaries is stated at cost plus equity in the undistributed earnings of subsidiaries since the date of acquisition. The Company’s share of net income of its subsidiaries is included in income using the equity method. These financial statements should be read in conjunction with UPC Insurance’s consolidated financial statements contained in Part II, Item 8 of this Form 10-K.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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