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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenue $ 444,770 $ 368,672 $ 1,315,285 $ 1,063,597
Life, accident and health earned premiums, net 25,372 20,472 65,317 60,648
Net investment income 31,710 16,287 68,776 48,530
Net realized and unrealized gains (losses) on investments (496) 978 2,447 2,854
Net revenue 501,356 406,409 1,451,825 1,175,629
Operating expenses        
Cost of revenue 402,922 324,673 1,179,205 947,751
Policy benefits, changes in reserves, and commissions 66,450 17,393 134,124 79,323
Selling, general and administrative 50,899 45,356 160,042 126,919
Depreciation and amortization 6,256 7,896 24,969 22,588
Other operating (income) expense, net (819) 526 (2,886) (1,294)
Total operating expenses 525,708 395,844 1,495,454 1,175,287
(Loss) income from operations (24,352) 10,565 (43,629) 342
Interest expense (17,456) (13,222) (53,962) (39,410)
Gain on sale and deconsolidation of subsidiary 2,965 0 105,106 0
Gain on contingent consideration 0 6,320 0 6,001
Income from equity investees 8,134 971 13,655 12,667
Gain on bargain purchase 109,112 0 109,112 0
Other income (expenses), net 63,908 (97) 64,032 (8,112)
Income (loss) from continuing operations before income taxes 142,311 4,537 194,314 (28,512)
Income tax benefit (expense) 9,230 (12,861) (1,863) (16,167)
Net income (loss) 151,541 (8,324) 192,451 (44,679)
Less: Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest 1,925 2,357 (18,615) 6,305
Net income (loss) attributable to HC2 Holdings, Inc. 153,466 (5,967) 173,836 (38,374)
Less: Preferred stock and deemed dividends from conversions 703 703 2,109 2,079
Net income (loss) attributable to common stock and participating preferred stockholders $ 152,763 $ (6,670) $ 171,727 $ (40,453)
Income (loss) per common share        
Basic (in usd per share) $ 3.09 $ (0.16) $ 3.48 $ (0.95)
Diluted (in usd per share) $ 2.97 $ (0.16) $ 3.38 $ (0.95)
Weighted average common shares outstanding:        
Basic (in shares) 44,326 43,013 44,175 42,555
Diluted (in shares) 46,217 43,013 45,575 42,555