XML 66 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table summarizes the provision for income taxes:

			Year Ended December 31,
			2023						2022						2021
Federal:
Current			$	11,798					$	(171)					$	(2,207)
Deferred			(2,908)						18,823						(18,830)
Provision (benefit) for Federal income tax expense			8,890						18,652						(21,037)
State:
Current			3,128						1,518						1,033
Deferred			(2,562)						5,315						(3,985)
Provision (benefit) for State income tax expense			566						6,833						(2,952)
Provision (benefit) for income taxes			$	9,456					$	25,485					$	(23,989)

Income tax expense (provision) is included in the financial statements as follows:

			Year Ended December 31,
			2023						2022						2021
Continuing operations			$	9,773					$	24,522					$	(6,699)
Discontinued operations			(317)						963						(17,290)
Reported income tax provision (benefit)			$	9,456					$	25,485					$	(23,989)

Tax Expense Reconciliation

The actual income tax expense attributable to continuing operations differs from the expected income tax expense attributable to continuing operations computed by applying the combined applicable effective federal and state tax rates to income before the provision for income taxes as follows:

			Year Ended December 31,
			2023												2022												2021
Expected income tax expense at federal rate			$	19,314					21.0		%				$	(3,251)					21.0		%				$	(2,187)					21.0		%
State tax expense, net of federal deduction benefit			2,449						2.7						(443)						2.9						(785)						7.5
Dividend received deduction			(6)						—						(24)						0.2						(10)						0.1
Non-Deductible Goodwill			—						—						2,848						(18.4)						(2)						—
Other permanent items			131						0.1						214						(1.4)						85						(0.8)
Prior period accrual adjustment			126						0.1						469						(3.0)						(1,053)						10.1
Outside basis in subsidiary			—						—						189						(1.2)						(965)						9.3
Municipal tax-exempt interest			(10)						—						(13)						0.1						(22)						0.2
Change in valuation allowance			(12,177)						(13.2)						24,426						(157.8)						(1,352)						13.0
Change in enacted tax rate			(54)						(0.1)						110						(0.7)						(576)						5.5
Change in tax credit carryforward			—						—						—						—						168						(1.6)
Other, net			—						—						(3)						—						—						—
Reported income tax expense (benefit)			$	9,773					10.6		%				$	24,522					(158.4)		%				$	(6,699)					64.3		%

Schedule of Deferred Tax Assets and Liabilities

The table below summarizes the significant components of our net deferred tax asset (liability):

			December 31,
			2023						2022
Deferred tax assets:
Unearned premiums			$	6,571					$	16,115
Unrealized loss			4,875						8,768
Tax-related discount on loss reserve			627						5,505
R&D tax credit carryforward			1,610						1,610
Other-than-temporary impairment			—						5,500
Investments			2,072						2,620
Bad debt expense			2,729						1,077
Equity compensation			582						474
Dual consolidated loss carryforward			4,745						5,958
Net operating loss carryforward			4,297						112,804
Outside basis in subsidiary			44,802						—
Other			1,427						1,541
Total pre-allowance deferred tax assets			74,337						161,972
Valuation allowance			(56,491)						(140,034)
Total deferred tax assets			17,846						21,938
Deferred tax liabilities:
Deferred acquisitions costs			(8,033)						(14,743)
Intangible assets			(2,279)						(2,823)
Prepaid expenses			(435)						(744)
Investments			(105)						(62)
Fixed assets			(1,698)						(3,743)
Total deferred tax liabilities			(12,550)						(22,115)
Net deferred tax asset (liability)			$	5,296					$	(177)

Net deferred tax asset (liability) is included in the financial statements as follows:

			Year Ended December 31,
			2023						2022
Continuing operations			$	5,296					$	(177)
Discontinued operations			—						—
Net deferred tax asset (liability)			$	5,296					$	(177)

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits for the year ended December 31, 2023:

						December 31, 2023
Balance at January 1						$	666
Decrease based on tax positions related to prior years						—
Balance at December 31						$	666

X

- Definition

Tax Expense Reconciliation [Table Text Block] - reconciles expected income tax expense (benefit) at federal rate to the reported income tax expense (benefit)

+ References

No definition available.

+ Details

Name:	uihc_TaxExpenseReconciliationTableTextBlock
Namespace Prefix:	uihc_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration