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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The tables below presents the information for each of the reportable segments profit or loss as well as segment assets for the years ended December 31, 2021, 2020 and 2019.
|  | Year Ended December 31, 2021
|  | Commercial |  | Personal (1) |  | Adjustments |  | Consolidated
REVENUE: |  |  |  |  |  |  |  |
Gross premiums written |  | $ | 422,238 |  |  | $ | 907,207 |  |  | $ | — |  |  | $ | 1,329,445 |
Change in gross unearned premiums |  | (11,975) |  |  | 90,973 |  |  | — |  |  | 78,998 |
Gross premiums earned |  | 410,263 |  |  | 998,180 |  |  | — |  |  | 1,408,443 |
Ceded premiums earned |  | (237,056) |  |  | (581,626) |  |  | — |  |  | (818,682) |
Net premiums earned |  | 173,207 |  |  | 416,554 |  |  | — |  |  | 589,761 |
Net investment income |  | 4,764 |  |  | 8,962 |  |  | 46 |  |  | 13,772 |
Net realized gains (losses) |  | (34) |  |  | 3,601 |  |  | — |  |  | 3,567 |
Net unrealized gains on equity securities |  | 1,471 |  |  | 1,766 |  |  | — |  |  | 3,237 |
Other revenue |  | — |  |  | 24,190 |  |  | — |  |  | 24,190 |
Total revenues |  | 179,408 |  |  | 455,073 |  |  | 46 |  |  | 634,527 |
EXPENSES: |  |  |  |  |  |  |  |
Losses and loss adjustment expenses |  | 54,718 |  |  | 367,416 |  |  | — |  |  | 422,134 |
Policy acquisition costs |  | 80,198 |  |  | 93,376 |  |  | — |  |  | 173,574 |
Operating expenses |  | 4,873 |  |  | 51,004 |  |  | 380 |  |  | 56,257 |
General and administrative expenses (2) |  | 7,599 |  |  | 47,927 |  |  | 1,686 |  |  | 57,212 |
Interest expense |  | — |  |  | 89 |  |  | 9,302 |  |  | 9,391 |
Total expenses |  | 147,388 |  |  | 559,812 |  |  | 11,368 |  |  | 718,568 |
Income (loss) before other income |  | 32,020 |  |  | (104,739) |  |  | (11,322) |  |  | (84,041) |
Other income |  | 1 |  |  | 183 |  |  | — |  |  | 184 |
Income (loss) before income taxes |  | $ | 32,021 |  |  | $ | (104,556) |  |  | (11,322) |  |  | (83,857) |
Benefit for income taxes |  |  |  |  |  | (23,989) |  |  | (23,989) |
Net income (loss) |  |  |  |  |  | $ | 12,667 |  |  | $ | (59,868) |
Less: Net loss attributable to noncontrolling interests |  |  |  |  |  | (1,949) |  |  | (1,949) |
Net income (loss) attributable to UIHC |  |  |  |  |  | $ | 14,616 |  |  | $ | (57,919) |
Loss ratio, net (3) (4) |  | 31.6 | % |  | 88.2 | % |  |  |  | 71.6 | %
Expense ratio (3) (5) |  | 53.5 | % |  | 46.2 | % |  |  |  | 48.7 | %
Combined ratio (3) (6) |  | 85.1 | % |  | 134.4 | % |  |  |  | 120.3 | %
Total segment assets |  | $ | 1,011,562 |  |  | $ | 1,234,875 |  |  | $ | 452,136 |  |  | $ | 2,698,573 |
(1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $7,419,000 and $3,397,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business.
|  | Year Ended December 31, 2020
|  | Commercial |  | Personal (1) |  | Adjustments |  | Consolidated
REVENUE: |  |  |  |  |  |  |  |
Gross premiums written |  | $ | 393,263 |  |  | $ | 1,063,600 |  |  | $ | — |  |  | $ | 1,456,863 |
Change in gross unearned premiums |  | (3,456) |  |  | (46,427) |  |  | — |  |  | (49,883) |
Gross premiums earned |  | 389,807 |  |  | 1,017,173 |  |  | — |  |  | 1,406,980 |
Ceded premiums earned |  | (194,477) |  |  | (446,840) |  |  | — |  |  | (641,317) |
Net premiums earned |  | 195,330 |  |  | 570,333 |  |  | — |  |  | 765,663 |
Net investment income |  | 7,882 |  |  | 15,723 |  |  | 520 |  |  | 24,125 |
Net realized gains |  | 23,760 |  |  | 37,960 |  |  | 4,971 |  |  | 66,691 |
Net unrealized losses on equity securities |  | (9,506) |  |  | (15,244) |  |  | (2,812) |  |  | (27,562) |
Other revenue |  | 1 |  |  | 17,738 |  |  | — |  |  | 17,739 |
Total revenues |  | 217,467 |  |  | 626,510 |  |  | 2,679 |  |  | 846,656 |
EXPENSES: |  |  |  |  |  |  |  |
Losses and loss adjustment expenses |  | 92,097 |  |  | 516,219 |  |  | — |  |  | 608,316 |
Policy acquisition costs |  | 98,276 |  |  | 137,726 |  |  | — |  |  | 236,002 |
Operating expenses |  | 3,440 |  |  | 49,255 |  |  | 181 |  |  | 52,876 |
General and administrative expenses (2) |  | 7,685 |  |  | 58,385 |  |  | 5,987 |  |  | 72,057 |
Interest expense |  | 28 |  |  | 89 |  |  | 9,465 |  |  | 9,582 |
Total expenses |  | 201,526 |  |  | 761,674 |  |  | 15,633 |  |  | 978,833 |
Income (loss) before other income |  | 15,941 |  |  | (135,164) |  |  | (12,954) |  |  | (132,177) |
Other income |  | 7 |  |  | 67 |  |  | — |  |  | 74 |
Income (loss) before income taxes |  | $ | 15,948 |  |  | $ | (135,097) |  |  | (12,954) |  |  | (132,103) |
Benefit for income taxes |  |  |  |  |  | (36,605) |  |  | (36,605) |
Net income (loss) |  |  |  |  |  | $ | 23,651 |  |  | $ | (95,498) |
Less: Net income attributable to noncontrolling interests |  |  |  |  |  | 956 |  |  | 956 |
Net income (loss) attributable to UIHC |  |  |  |  |  | $ | 22,695 |  |  | $ | (96,454) |
Loss ratio, net (3) (4) |  | 47.1 | % |  | 90.5 | % |  |  |  | 79.4 | %
Expense ratio (3) (5) |  | 56.0 | % |  | 43.0 | % |  |  |  | 47.1 | %
Combined ratio (3) (6) |  | 103.1 | % |  | 133.5 | % |  |  |  | 126.5 | %
Total segment assets |  | $ | 939,691 |  |  | $ | 1,369,797 |  |  | $ | 539,453 |  |  | $ | 2,848,941 |
(1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $7,664,000 and $3,264,000 of depreciation and amortization expense related to our personal and commercial lines assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business.
|  | Year Ended December 31, 2019
|  | Commercial |  | Personal (1) |  | Adjustments |  | Consolidated
REVENUE: |  |  |  |  |  |  |  |
Gross premiums written |  | $ | 406,913 |  |  | $ | 973,355 |  |  | $ | — |  |  | $ | 1,380,268 |
Change in gross unearned premiums |  | (10,318) |  |  | (36,424) |  |  | — |  |  | (46,742) |
Gross premiums earned |  | 396,595 |  |  | 936,931 |  |  | — |  |  | 1,333,526 |
Ceded premiums earned |  | (176,854) |  |  | (404,272) |  |  | — |  |  | (581,126) |
Net premiums earned |  | 219,741 |  |  | 532,659 |  |  | — |  |  | 752,400 |
Net investment income |  | 11,005 |  |  | 17,984 |  |  | 1,156 |  |  | 30,145 |
Net realized gains |  | 657 |  |  | 508 |  |  | 63 |  |  | 1,228 |
Net unrealized gains on equity securities |  | 8,936 |  |  | 11,789 |  |  | 4,036 |  |  | 24,761 |
Other revenue |  | — |  |  | 16,582 |  |  | — |  |  | 16,582 |
Total revenues |  | 240,339 |  |  | 579,522 |  |  | 5,255 |  |  | 825,116 |
EXPENSES: |  |  |  |  |  |  |  |
Losses and loss adjustment expenses |  | 97,585 |  |  | 401,908 |  |  | — |  |  | 499,493 |
Policy acquisition costs |  | 98,578 |  |  | 139,690 |  |  | — |  |  | 238,268 |
Operating expenses |  | 2,979 |  |  | 41,111 |  |  | 220 |  |  | 44,310 |
General and administrative expenses (2) |  | 7,749 |  |  | 56,177 |  |  | 2,063 |  |  | 65,989 |
Interest expense |  | 87 |  |  | 195 |  |  | 9,499 |  |  | 9,781 |
Total expenses |  | 206,978 |  |  | 639,081 |  |  | 11,782 |  |  | 857,841 |
Income (loss) before other income |  | 33,361 |  |  | (59,559) |  |  | (6,527) |  |  | (32,725) |
Other income |  | 15 |  |  | 104 |  |  | — |  |  | 119 |
Income (loss) before income taxes |  | $ | 33,376 |  |  | $ | (59,455) |  |  | (6,527) |  |  | (32,606) |
Benefit for income taxes |  |  |  |  |  | (3,121) |  |  | (3,121) |
Net loss |  |  |  |  |  | $ | (3,406) |  |  | $ | (29,485) |
Less: Net income attributable to noncontrolling interests |  |  |  |  |  | 387 |  |  | 387 |
Net loss attributable to UIHC |  |  |  |  |  | $ | (3,793) |  |  | $ | (29,872) |
Loss ratio, net (3) (4) |  | 44.4 | % |  | 75.5 | % |  |  |  | 66.4 | %
Expense ratio (3) (5) |  | 49.7 | % |  | 44.5 | % |  |  |  | 46.3 | %
Combined ratio (3) (6) |  | 94.1 | % |  | 120.0 | % |  |  |  | 112.7 | %
Total segment assets |  | $ | 921,143 |  |  | $ | 902,750 |  |  | $ | 643,325 |  |  | $ | 2,467,218 |
(1) Our personal lines income statement also includes amounts related to subsidiaries outside of our insurance companies. We have included these items, as these subsidiaries directly support our personal lines operations. (2) Included in our General and Administrative expenses is $8,745,000 and $3,252,000 of depreciation and amortization expense related to our personal and commercial assets, respectively. (3) As these are calculated ratios, the addition of the ratios will not result in the same value as the consolidated ratio. To calculate the consolidated ratio please see the corresponding footnote below. (4) Loss ratio, net is calculated as losses and LAE net of losses ceded to reinsurers, relative to net premiums earned. Management uses this operating metric to analyze our loss trends and believes it is useful for investors to evaluate this component separately from our other operating expenses. (5) Expense ratio is calculated as the sum of all operating expenses less interest expense relative to net premiums earned. Management uses this operating metric to analyze our expense trends and believes it is useful for investors to evaluate these components separately from our loss expenses. (6) Combined ratio is the sum of the loss ratio, net and expense ratio. Management uses this operating metric to analyze our total expense trends and believes it is a key indicator for investors when evaluating the overall profitability of our business.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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