Stockholders' Equity

12 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

STOCKHOLDERS’ EQUITY

Our Board of Directors declared dividends on our outstanding shares of common stock to stockholders of record as follows for the periods presented (in thousands, except per share amounts):


	Year Ended December 31,
	2020				2019				2018
	Per Share Amount		Aggregate Amount		Per Share Amount		Aggregate Amount		Per Share Amount		Aggregate Amount
First Quarter	$	0.06	$	2,571	$	0.06	$	2,569	$	0.06	$	2,565
Second Quarter	$	0.06	$	2,578	$	0.06	$	2,570	$	0.06	$	2,565
Third Quarter	$	0.06	$	2,581	$	0.06	$	2,571	$	0.06	$	2,569
Fourth Quarter	$	0.06	$	2,583	$	0.06	$	2,570	$	0.06	$	2,569

In February 2020, IIC paid dividends of $12,000,000 to the Company. In 2019, the Company returned a $1,764,000 dividend paid by IIC in 2018.On November 6, 2018, ACIC paid dividends of $50,000,000 to the Company.

In July 2019, our Board of Directors authorized a stock repurchase plan of up to $25,000,000 of our common stock. As of December 31, 2020, we had not yet repurchased any shares under this stock repurchase plan. The timing and volume of repurchases are at the discretion of management, based on the capital needs of the business, the market price of UIHC common stock, and general market conditions. The plan has no expiration date, and the plan may be suspended or discontinued at any time.

See Note 18 for information regarding our stock-based compensation activity.