HCI (HCI) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	HCI
Entity Registrant Name	HCI Group, Inc.
Entity Central Index Key	0001400810
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Shares
Security Exchange Name	NYSE
Entity File Number	001-34126
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	20-5961396
Entity Address, Address Line One	3802 Coconut Palm Drive
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33619
City Area Code	813
Local Phone Number	849-9500
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		10,119,663

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Fixed-maturity securities, available for sale, at fair value (amortized cost: $153,776 and $41,953, respectively and allowance for credit losses: $0 and $0, respectively)	$ 150,684	$ 42,583
Equity securities, at fair value (cost: $39,316 and $46,276, respectively)	41,204	51,740
Limited partnership investments	28,166	28,133
Investment in unconsolidated joint venture, at equity	350	363
Real estate investments	73,387	73,896
Total investments	293,791	196,715
Cash and cash equivalents	569,040	628,943
Restricted cash	2,400	2,400
Accrued interest and dividends receivable	674	353
Income taxes receivable	0	4,084
Premiums receivable, net (allowance: $2,459 and $1,750, respectively)	39,890	68,157
Prepaid reinsurance premiums	11,561	26,355
Reinsurance recoverable, net of allowance for credit losses:
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)	14,720	11,985
Unpaid losses and loss adjustment expenses (allowance: $79 and $90, respectively)	54,876	64,665
Deferred policy acquisition costs	53,670	57,695
Property and equipment, net	15,469	14,232
Right-of-use assets - operating leases	2,673	2,204
Intangible assets, net	15,105	10,636
Funds withheld for assumed business	84,068	73,716
Other assets	17,313	14,717
Total assets	1,175,250	1,176,857
Liabilities and Equity
Losses and loss adjustment expenses	234,792	237,165
Unearned premiums	365,112	366,744
Advance premiums	23,898	13,771
Reinsurance payable on paid losses and loss adjustment expenses	6,657	4,017
Ceded reinsurance premiums payable	20,899	19,318
Accrued expenses	16,899	15,453
Income tax payable	3,061	0
Deferred income taxes, net	4,834	11,739
Revolving credit facility	15,000	15,000
Long-term debt	45,295	45,504
Lease liabilities - operating leases	2,662	2,203
Other liabilities	24,418	31,485
Total liabilities	763,527	762,399
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest (Note 17)	89,695	89,955
Equity:
Common stock (no par value, 40,000,000 shares authorized, 10,125,927 and 10,131,399 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively)	0	0
Additional paid-in capital	79,131	76,077
Retained income	243,647	246,790
Accumulated other comprehensive income, net of taxes	(2,185)	498
Total stockholders’ equity	320,593	323,365
Noncontrolling interests	1,435	1,138
Total equity	322,028	324,503
Total liabilities, redeemable noncontrolling interest and equity	$ 1,175,250	$ 1,176,857

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Available-for-sale Debt securities, Amortized cost	$ 153,776	$ 41,953
Available-for-sale Debt securities, Allowance for credit losses	0	0
Equity Securities, Cost	39,316	46,276
Premiums Receivable, Allowance	2,459	1,750
Paid losses and loss adjustments allowance	0	0
Unpaid losses and loss adjustments allowance	$ 79	$ 90
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	10,125,927	10,131,399
Common stock, outstanding	10,125,927	10,131,399

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue
Gross premiums earned	$ 178,925	$ 130,942
Premiums ceded	(53,162)	(43,099)
Net premiums earned	125,763	87,843
Net investment income	2,868	4,594
Net realized investment (losses) gains	(314)	1,113
Net unrealized investment losses	(3,576)	(269)
Policy fee income	1,057	970
Other	1,242	623
Total revenue	127,040	94,874
Expenses
Losses and loss adjustment expenses	72,704	45,751
Policy acquisition and other underwriting expenses	29,408	23,065
General and administrative personnel expenses	14,034	9,650
Interest expense	601	2,079
Other operating expenses	6,292	4,227
Total expenses	123,039	84,772
Income before income taxes	4,001	10,102
Income tax expense	1,210	3,257
Net income	2,791	6,845
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,248)	(794)
Net loss attributable to noncontrolling interests	360	97
Net income after noncontrolling interests	$ 903	$ 6,148
Basic earnings per share	$ 0.09	$ 0.82
Diluted earnings per share	$ 0.09	$ 0.75

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 2,791	$ 6,845
Other comprehensive loss:
Net unrealized losses arising during the period	(4,151)	(182)
Call and repayment gains charged to investment income	0	(2)
Reclassification adjustment for net realized losses (gains)	429	(1)
Net change in unrealized losses	(3,722)	(185)
Deferred income taxes on above change	938	45
Total other comprehensive loss, net of income taxes	(2,784)	(140)
Comprehensive income	7	6,705
Comprehensive loss attributable to noncontrolling interests	461	98
Comprehensive income after noncontrolling interests	$ 468	$ 6,803

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Income [Member]	Retained Income [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income, Net of Tax [Member]	Total Stockholders' Equity [Member]	Total Stockholders' Equity [Member]Cumulative Effect, Period of Adoption, Adjustment [Member]	Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2020	$ 201,136	$ (3,018)			$ 199,592	$ (3,018)	$ 1,544	$ 201,136	$ (3,018)
Beginning Balance, shares at Dec. 31, 2020			7,785,617
Net income (loss)	6,845				6,942			6,942		(97)
Net income attributable to redeemable noncontrolling interest (Note 17)	(794)				(794)			(794)
Total other comprehensive income (loss), net of income taxes	(140)						(139)	(139)		(1)
Issuance of restricted stock	0		$ 0	$ 0	0		0	0		0
Issuance of restricted stock, shares			548,086
Forfeiture of restricted stock, value	0		$ 0	0	0		0	0		0
Forfeiture of restricted stock, shares			(2,050)
Cancellation of restricted stock, shares			(141,600)
Repurchase and retirement of common stock, value	(20)			(20)				(20)
Repurchase and retirement of common stock, shares			(371)
Issuance of common stock	5,410			5,410				5,410
Issuance of common stock, shares			100,000
Dilution from subsidiary stock-based compensation	215									215
Issuance of warrants, net of issuance costs (Note 18)	8,640			8,640				8,640
Common stock dividends	(2,793)				(2,793)			(2,793)
Stock-based compensation	2,127			2,127				2,127
Additional paid-in capital shortfall adjustment allocated to retained income				16,157	(16,157)
Ending Balance at Mar. 31, 2021	217,608				216,086		1,405	217,491		117
Ending Balance, shares at Mar. 31, 2021			8,289,682
Beginning Balance at Dec. 31, 2021	324,503			76,077	246,790		498	323,365		1,138
Beginning Balance, shares at Dec. 31, 2021			10,131,399
Net income (loss)	2,791				2,978			2,978		(187)
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,248)				(2,075)			(2,075)		(173)
Total other comprehensive income (loss), net of income taxes	(2,784)						(2,683)	(2,683)		(101)
Issuance of restricted stock	0		$ 0	0	0		0	0		0
Issuance of restricted stock, shares			4,000
Forfeiture of restricted stock, value	0		$ 0	0	0		0	0		0
Forfeiture of restricted stock, shares			(3,265)
Repurchase and retirement of common stock, value	(398)			(398)				(398)
Repurchase and retirement of common stock, shares			(6,207)
Dilution from subsidiary stock-based compensation	758									758
Common stock dividends	(4,046)				(4,046)			(4,046)
Stock-based compensation	3,452			3,452				3,452
Ending Balance at Mar. 31, 2022	$ 322,028			$ 79,131	$ 243,647		$ (2,185)	$ 320,593		$ 1,435
Ending Balance, shares at Mar. 31, 2022			10,125,927

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common stock dividends	$ 0.40	$ 0.40

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income after noncontrolling interests	$ 903	$ 6,148
Net income attributable to noncontrolling interests	1,888	697
Net income	2,791	6,845
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	4,337	2,342
Net (accretion of discount) amortization of premiums on investments in fixed-maturity securities	(3)	77
Depreciation and amortization	1,516	1,363
Deferred income tax benefit	(5,967)	(847)
Net realized investment losses (gains)	314	(1,113)
Net unrealized investment losses	3,576	269
Credit loss expense - reinsurance recoverable	(11)	(12)
Loss from unconsolidated joint venture	13	25
Net income from limited partnership interests	(1,780)	(787)
Distributions received from limited partnership interests	811	478
Foreign currency remeasurement loss	19	9
Other non-cash items	11	21
Changes in operating assets and liabilities:
Accrued interest and dividends receivable	(321)	(7)
Income taxes	7,145	4,073
Premiums receivable, net	28,267	38,923
Prepaid reinsurance premiums	14,794	21,402
Reinsurance recoverable	7,065	13,436
Deferred policy acquisition costs	4,025	3,392
Funds withheld for assumed business	(10,352)	(41,355)
Other assets	(3,102)	(4,453)
Losses and loss adjustment expenses	(2,373)	(6,396)
Unearned premiums	(1,632)	(5,094)
Advance premiums	10,127	12,921
Assumed reinsurance balances payable	0	1
Reinsurance payable on paid losses and loss adjustment expenses	2,640	2,317
Ceded reinsurance premiums payable	1,581	(449)
Accrued expenses and other liabilities	(6,142)	(11,241)
Net cash provided by operating activities	57,349	36,140
Cash flows from investing activities:
Investments in limited partnership interests	0	(272)
Return of excess investments in limited partnership interests	151	0
Distributions received from limited partnership interests	785	1,546
Purchase of property and equipment	(1,861)	(697)
Purchase of real estate investments	0	(55)
Purchase of intangible assets	(3,800)	0
Purchase of fixed-maturity securities	(122,557)	(1,263)
Purchase of equity securities	(11,486)	(27,128)
Purchase of short-term and other investments	0	(990)
Proceeds from sales of fixed-maturity securities	9,058	36
Proceeds from calls, repayments and maturities of fixed-maturity securities	1,250	12,486
Proceeds from sales of equity securities	18,369	34,378
Proceeds from sales, redemptions and maturities of short-term and other investments	192	1,100
Net cash (used in) provided by investing activities	(109,899)	19,141
Cash flows from financing activities:
Cash dividends paid	(4,123)	(2,869)
Cash dividends received under share repurchase forward contract	77	76
Net repayment under revolving credit facility	0	(23,750)
Proceeds from issuance of redeemable noncontrolling interest and warrants	0	100,000
Issuance costs - redeemable noncontrolling interest	0	(6,262)
Cash dividends paid to redeemable noncontrolling interest	(2,508)	0
Repayment of long-term debt	(249)	(239)
Repurchases of common stock	(398)	(20)
Purchase of noncontrolling interests	(127)	0
Debt issuance costs	0	(152)
Net cash (used in) provided by financing activities	(7,328)	66,784
Effect of exchange rate changes on cash	(25)	(9)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(59,903)	122,056
Cash, cash equivalents, and restricted cash at beginning of period	631,343	433,741
Cash, cash equivalents, and restricted cash at end of period	571,440	555,797
Supplemental disclosure of cash flow information:
Cash paid for income taxes	32	31
Cash paid for interest	727	3,186
Non-cash investing and financing activities:
Unrealized loss on investments in available-for-sale securities, net of tax	(2,784)	(140)
Receivable from maturities of fixed-maturity securities	0	46
Warrants issued in Centerbridge transaction	0	9,217
Acquisition of intangibles:
Common stock issued	0	5,410
Contingent consideration payable	$ 1,069	$ 2,419

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Note 1 -- Nat ure of Operations HCI Group, Inc., together with its subsidiaries (“HCI” or the “Company”), is primarily engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company, Inc. (“HCPCI”) and TypTap Insurance Company (“TypTap”). Both HCPCI and TypTap are authorized to underwrite various homeowners’ property and casualty insurance products and allied lines business in the state of Florida and in other states. The operations of both insurance subsidiaries are supported by HCI Group, Inc. and certain HCI subsidiaries. The Company emphasizes the use of internally developed technologies to collect and analyze claims and other supplemental data to generate savings and efficiency for the operations of the insurance subsidiaries. In addition, Greenleaf Capital, LLC, the Company’s real estate subsidiary, is primarily engaged in the business of owning and leasing real estate and operating marina facilities. Assumed Business Northeast Region In 2021, the Company began providing quota share reinsurance on all in-force, new and renewal policies issued by United Property & Casualty Insurance Company, an insurance subsidiary of United Insurance Holdings Corporation (“United”) in the states of Connecticut, New Jersey, Massachusetts, and Rhode Island (collectively “Northeast Region”). Through its insurance subsidiaries, the Company began renewing and/or replacing United policies in two states in December 2021 and a third state in January 2022. Southeast Region In February 2022, HCPCI entered into another reinsurance agreement with United where HCPCI provides 85 % quota share reinsurance on all of United’s personal lines insurance business in the states of Georgia, North Carolina, and South Carolina (collectively “Southeast Region”) from December 31, 2021 through May 31, 2022. Under this agreement, HCPCI paid United a catastrophe allowance of 9 % of premium and a provisional ceding commission of 25 % of premium. That percentage could increase up to 32 % depending on the direct loss ratio results from the reinsured business. The Company also entered into a renewal rights agreement with United in connection with the Southeast Region assumed business. Under the renewal rights agreement, the Company has the right to renew and/or replace United’s insurance policies at the end of their respective policy periods. The ability to replace policies is subject to regulatory approvals in the three states. The policy replacement date is June 1, 2022 or such other date as mutually agreed by both parties. In connection with the transaction, United agrees to not compete with the Company for the issuance of personal lines homeowners business in these three states until July 1, 2025. As part of the transaction, United will receive a renewal rights ceding commission of 6 %, with a portion of the ceding commission paid up-front. See Note 7 -- “Intangible Assets, Net” for additional information.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 -- Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements for HCI Group, Inc. and its majority-owned and controlled subsidiaries (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s financial position as of March 31, 2022 and the results of operations and cash flows for the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ending December 31, 2022. The accompanying unaudited consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2021 included in the Company’s Form 10-K, which was filed with the SEC on March 10, 2022. In preparing the interim unaudited consolidated financial statements, management was required to make certain judgments, assumptions, and estimates that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the financial reporting date and throughout the periods being reported upon. Certain of the estimates result from judgments that can be subjective and complex and consequently actual results may differ from these estimates. Material estimates that are particularly susceptible to significant change in the near term are related to the Company’s losses and loss adjustment expenses, which include amounts estimated for claims incurred but not yet reported. The Company uses various assumptions and actuarial data it believes to be reasonable under the circumstances to make these estimates. In addition, accounting policies specific to reinsurance with retrospective provisions, reinsurance recoverable, deferred income taxes, limited partnership investments, warrants, redeemable noncontrolling interest, intangible assets acquired from United, and stock-based compensation expense involve significant judgments and estimates material to the Company’s consolidated financial statements. All significant intercompany balances and transactions have been eliminated. Revenue from Claims Processing Services Revenue related to claims processing services is included in other revenue in the consolidated statement of income. For the three months ended March 31, 2022, revenues from claims processing services were $ 1,007 . At March 31, 2022 and December 31, 2021, other assets included $ 248 and $ 314 , respectively, of amounts receivable attributable to this service. Reclassification Certain prior year amounts have been reclassified to conform to the current year presentation. Ceded reinsurance premiums payable were reclassified out of other liabilities and funds withheld for assumed business were reclassified out of other assets for the three months ended March 31, 2021 within the consolidated statement of cash flows to conform with the current year presentation.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	3 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Restricted Cash	Note 3 -- Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. March 31, December 31, 2022 2021 Cash and cash equivalents $ 569,040 $ 628,943 Restricted cash 2,400 2,400 Total $ 571,440 $ 631,343 Restricted cash represents funds in the Company’s sole ownership held by certain states in which the Company’s insurance subsidiaries conduct business to meet regulatory requirements and not available for immediate business use. Funds withheld in an account for which the Company is a co-owner but not the named beneficiary are not considered restricted cash.

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Note 4 -- Investments a) Available-for-Sale Fixed-Maturity Securities The Company holds investments in fixed-maturity securities that are classified as available-for-sale. At March 31, 2022 and December 31, 2021, the cost or amortized cost, allowance for credit loss, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows: Cost or Allowance Gross Gross Estimated Cost Loss Gain Loss Value As of March 31, 2022 U.S. Treasury and U.S. government agencies $ 130,261 $ — $ 4 $ ( 3,048 ) $ 127,217 Corporate bonds 20,947 — 161 ( 247 ) 20,861 States, municipalities, and political subdivisions 1,760 — 16 — 1,776 Exchange-traded debt 701 — 24 ( 1 ) 724 Redeemable preferred stock 107 — — ( 1 ) 106 Total $ 153,776 $ — $ 205 $ ( 3,297 ) $ 150,684 As of December 31, 2021 U.S. Treasury and U.S. government agencies $ 17,046 $ — $ 64 $ ( 86 ) $ 17,024 Corporate bonds 21,913 — 632 ( 53 ) 22,492 States, municipalities, and political subdivisions 1,759 — 49 — 1,808 Exchange-traded debt 767 — 44 — 811 Redeemable preferred stock 468 — — ( 20 ) 448 Total $ 41,953 $ — $ 789 $ ( 159 ) $ 42,583 Expected maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without penalties. The scheduled contractual maturities of fixed-maturity securities as of March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 Cost or Estimated Cost or Estimated Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale Due in one year or less $ 10,232 $ 10,259 $ 10,734 $ 10,826 Due after one year through five years 139,407 136,546 19,222 19,820 Due after five years through ten years 3,643 3,365 11,503 11,403 Due after ten years 494 514 494 534 $ 153,776 $ 150,684 $ 41,953 $ 42,583 Sales of Available-for-Sale Fixed-Maturity Securities Proceeds received, and the gross realized gains and losses from sales of available-for-sale fixed-maturity securities, for the three months ended March 31, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended March 31, 2022 $ 9,058 $ 2 $ ( 431 ) Three months ended March 31, 2021 $ 36 $ 1 $ — Gross Unrealized Losses for Available-for-Sale Fixed-Maturity Securities Securities with gross unrealized loss positions at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows: Less Than Twelve Months Twelve Months or Longer Total Gross Estimated Gross Estimated Gross Estimated Unrealized Fair Unrealized Fair Unrealized Fair As of March 31, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 2,964 ) $ 123,394 $ ( 84 ) $ 2,062 $ ( 3,048 ) $ 125,456 Corporate bonds ( 247 ) 6,945 — — ( 247 ) 6,945 Exchange-traded debt ( 1 ) 25 — — ( 1 ) 25 Redeemable preferred stock ( 1 ) 106 — — ( 1 ) 106 Total available-for-sale securities $ ( 3,213 ) $ 130,470 $ ( 84 ) $ 2,062 $ ( 3,297 ) $ 132,532 Less Than Twelve Months Twelve Months or Longer Total Gross Estimated Gross Estimated Gross Estimated Unrealized Fair Unrealized Fair Unrealized Fair As of December 31, 2021 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 73 ) $ 9,809 $ ( 13 ) $ 616 $ ( 86 ) $ 10,425 Corporate bonds ( 53 ) 4,452 — — ( 53 ) 4,452 Redeemable preferred stock ( 20 ) 442 — — ( 20 ) 442 Total available-for-sale securities $ ( 146 ) $ 14,703 $ ( 13 ) $ 616 $ ( 159 ) $ 15,319 At March 31, 2022 and December 31, 2021 , there were 46 and 23 securities, respectively, in an unrealized loss position. Allowance for Credit Losses of Available-for-Sale Fixed-Maturity Securities The Company regularly reviews its individual investment securities for credit impairment. The Company considers various factors in determining whether a credit loss exists for each individual security, including- • the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or earnings; • the extent to which the market value of the security has been below its cost or amortized cost; • general market conditions and industry or sector specific factors and other qualitative factors; • nonpayment by the issuer of its contractually obligated interest and principal payments; and • the Company’s intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs. The table below summarizes the activity in the allowance for credit losses of available-for-sale securities for the three months ended March 31, 2022 and 2021: 2022 2021 Balance at January 1 $ — $ 588 Reductions for securities sold — ( 9 ) Balance at March 31 $ — $ 579 b) Equity Securities The Company holds investments in equity securities measured at fair values which are readily determinable. At March 31, 2022 and December 31, 2021, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows: Gross Gross Estimated Cost Gain Loss Value March 31, 2022 $ 39,316 $ 3,561 $ ( 1,673 ) $ 41,204 December 31, 2021 $ 46,276 $ 6,335 $ ( 871 ) $ 51,740 The table below presents the portion of unrealized gains and losses in the Company’s consolidated statements of income for the periods related to equity securities still held. Three Months Ended March 31, 2022 2021 Net (losses) gains recognized $ ( 3,542 ) $ 467 Exclude: Net realized gains recognized for 34 736 Net unrealized losses recognized $ ( 3,576 ) $ ( 269 ) Sales of Equity Securities Proceeds received, and the gross realized gains and losses from sales of equity securities, for the three months ended March 31, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended March 31, 2022 $ 18,369 $ 1,420 $ ( 1,386 ) Three months ended March 31, 2021 $ 34,378 $ 1,142 $ ( 406 ) c) Limited Partnership Investments The Company has interests in limited partnerships that are not registered or readily tradeable on a securities exchange. These partnerships are private equity funds managed by general partners who make decisions with regard to financial policies and operations. As such, the Company is not the primary beneficiary and does not consolidate these partnerships. The following table provides information related to the Company’s investments in limited partnerships: March 31, 2022 December 31, 2021 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 5,335 $ — 15.37 $ 6,076 $ 2,085 15.37 Value creation through active distressed debt 3,410 — 1.67 3,423 — 1.69 High returns and long-term capital appreciation 6,704 — 0.18 6,270 1,401 0.18 Value-oriented investments in less liquid and 4,030 — 0.57 4,437 — 0.57 Value-oriented investments in mature real 6,719 4,548 1.34 5,977 4,537 1.36 Risk-adjusted returns on credit and equity 1,968 3,202 0.47 1,950 3,050 0.47 Total $ 28,166 $ 7,750 $ 28,133 $ 11,073 (a) Represents the Company’s percentage investment in the fund at each balance sheet date. (b) Except under certain circumstances, withdrawals from the funds or any assignments are not permitted. Distributions, except income from late admission of a new limited partner, will be received when underlying investments of the funds are liquidated. (c) Expected to have a ten-year term. Although the capital commitment period has expired, follow-on investments and pending commitments may require additional fundings. (d) The term has been extended for a one-year additional period to June 30, 2022. Although the capital commitment period has ended, the general partner could still request an additional funding under certain circumstances. (e) At the fund manager’s discretion, the term of the fund may be extended for up to two additional one-year periods. (f) Expected to have a ten-year term. The capital commitment period has expired but the general partner may request additional funding for follow-on investment. (g) With the consent of a supermajority of partners, the term of the fund may be extended for up to three additional one-year periods. (h) Expected to have a six-year term from the commencement date, which can be extended for up to two additional one-year periods with the consent of either the advisory committee or a majority of limited partners. (i) The capital commitment period has ended but an additional funding may be requested. (j) Expected to have an eight-year term from November 27, 2019. (k) Expected to have an eight-year term after the final admission date. The following is the summary of aggregated unaudited financial information of limited partnerships included in the investment strategy table above, which in certain cases is presented on a three-month lag due to the unavailability of information at the Company’s respective balance sheet dates. The financial statements of these limited partnerships are audited annually. Three Months Ended March 31, 2022 2021 Operating results: Total income $ 336,828 $ ( 10,948 ) Total expenses ( 49,317 ) ( 55,512 ) Net income (loss) $ 287,511 $ ( 66,460 ) March 31, December 31, 2022 2021 Balance sheet: Total assets $ 5,988,314 $ 5,855,616 Total liabilities $ 603,967 $ 564,732 For the three months ended March 31, 2022 and 2021, the Company recognized net investment income of $ 1,780 and $ 787 , respectively. During the three months ended March 31, 2022 and 2021, the Company received total cash distributions of $ 1,596 and $ 2,024 , respectively, including returns on investment of $ 811 and $ 478 , respectively. At March 31, 2022 and December 31, 2021 , the Company’s net cumulative contributed capital to the partnerships at each respective balance sheet date totaled $ 27,435 and $ 28,371 , respectively, and the Company’s maximum exposure to loss aggregated $ 28,166 and $ 28,133 , respectively. d) Investment in Unconsolidated Joint Venture Melbourne FMA, LLC, a wholly owned subsidiary, currently has an equity investment in FMKT Mel JV, a Florida limited liability company treated as a joint venture under U.S. GAAP. At March 31, 2022 and December 31, 2021 , the Company’s maximum exposure to loss relating to the variable interest entity was $ 350 and $ 363 , respectively, representing the carrying value of the investment. There wer e no c ash distributions during the three months ended March 31, 2022 and 2021. At March 31, 2022 and December 31, 2021, there was no un distributed income from this equity method investment. The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Three Months Ended March 31, 2022 2021 Operating results: Total revenues $ — $ — Total expenses ( 14 ) ( 28 ) Net loss $ ( 14 ) $ ( 28 ) The Company’s share of net loss* $ ( 13 ) $ ( 25 ) * Included in net investment income in the Company’s consolidated statements of income. March 31, December 31, 2022 2021 Balance sheet: Property and equipment, net $ 353 $ 357 Cash 21 29 Other 18 18 Total assets $ 392 $ 404 Other liabilities $ 2 $ — Members’ capital 390 404 Total liabilities and members’ capital $ 392 $ 404 Investment in unconsolidated joint venture, at equity** $ 350 $ 363 ** Includes the 90 % share of FMKT Mel JV’s operating results. e) Real Estate Investments Real estate investments consist of the following as of March 31, 2022 and December 31, 2021: March 31, December 31, 2022 2021 Land $ 39,720 $ 39,720 Land improvements 11,917 11,917 Buildings and building improvements 29,410 29,405 Tenant and leasehold improvements 1,532 1,511 Other 1,236 1,265 Total, at cost 83,815 83,818 Less: accumulated depreciation and amortization ( 10,428 ) ( 9,922 ) Real estate investments $ 73,387 $ 73,896 Depreciation and amortization expense related to real estate investments was $ 506 and $ 491 for the three months ended March 31, 2022 and 2021, respectively. g) Net Investment Income (Loss) Net investment income (loss), by source, is summarized as follows: Three Months Ended March 31, 2022 2021 Available-for-sale fixed-maturity securities $ 448 $ 441 Equity securities 287 352 Investment expense ( 134 ) ( 126 ) Limited partnership investments 1,780 787 Real estate investments 347 2,997 Loss from unconsolidated joint venture ( 13 ) ( 25 ) Cash and cash equivalents 153 168 Net investment income $ 2,868 $ 4,594 For the three months ended March 31, 2021, income from real estate investments included a net gain of $ 2,790 resulting from a legal settlement with The Kroger Co. in a lawsuit filed by a real estate subsidiary of the Company to enforce a guaranty of a commercial lease. h) Other Investments From time to time, the Company may invest in financial assets other than stocks, mutual funds and bonds. For the three months ended March 31, 2022 and 2021, net realized gains related to other investments were $ 81 and $ 375 , respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Comprehensive Income (Loss)	Note 5 -- Comprehensive Income (Loss) Comprehensive income (loss) includes net income and other comprehensive income or loss, which for the Company includes changes in unrealized gains or losses of investments carried at fair value and changes to the credit losses related to these investments. Reclassification adjustments for realized (gains) losses are reflected in net realized investment gains (losses) on the consolidated statements of income. The components of other comprehensive income or loss and the related tax effects allocated to each component were as follows: Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 4,151 ) $ ( 1,047 ) $ ( 3,104 ) $ ( 182 ) $ ( 45 ) $ ( 137 ) Call and repayment gains charged to — — — ( 2 ) — ( 2 ) Reclassification adjustment for realized 429 109 320 ( 1 ) — ( 1 ) Total other comprehensive loss $ ( 3,722 ) $ ( 938 ) $ ( 2,784 ) $ ( 185 ) $ ( 45 ) $ ( 140 )

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 6 -- Fair Value Measurements The Company records and discloses certain financial assets at their estimated fair values. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as follows: Level 1 – Unadjusted quoted prices in active markets for identical assets. Level 2 – Other inputs that are observable for the asset, either directly or indirectly such as quoted prices for identical assets that are not observable throughout the full term of the asset. Level 3 – Inputs that are unobservable. Valuation Methodology Cash and Cash Equivalents Cash and cash equivalents primarily consist of money-market funds and certificates of deposit maturing within 90 days. Their carrying value approximates fair value due to the short maturity and high liquidity of these funds. Restricted Cash Restricted cash represents cash held by state authorities and the carrying value approximates fair value. Fixed-Maturity and Equity Securities Estimated fair values of the Company’s fixed-maturity and equity securities are determined in accordance with U.S. GAAP, using valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Fair values are generally measured using quoted prices in active markets for identical securities or other inputs that are observable either directly or indirectly, such as quoted prices for similar securities. In those instances where observable inputs are not available, fair values are measured using unobservable inputs. Unobservable inputs reflect the Company’s own assumptions about the assumptions that market participants would use in pricing the security and are developed based on the best information available in the circumstances. Fair value estimates derived from unobservable inputs are significantly affected by the assumptions used, including the discount rates and the estimated amounts and timing of future cash flows. The derived fair value estimates cannot be substantiated by comparison to independent markets and are not necessarily indicative of the amounts that would be realized in a current market exchange. The estimated fair values for securities that do not trade on a daily basis are determined by management, utilizing prices obtained from an independent pricing service and information provided by brokers, which are level 2 inputs. Management reviews the assumptions and methods utilized by the pricing service and then compares the relevant data and pricing to broker-provided data. The Company gains assurance of the overall reasonableness and consistent application of the assumptions and methodologies, and compliance with accounting standards for fair value determination through ongoing monitoring of the reported fair values. Revolving Credit Facility The Company’s revolving credit facility is a variable-rate loan. The interest rate is periodically adjusted based on the London Interbank Offered Rate plus a spread. As a result, its carrying value approximates fair value. Long-Term Debt The following table summarizes components of the Company’s long-term debt and methods used in estimating their fair values: Maturity Date Valuation Methodology 4.25 % Convertible Senior Notes 2037 Quoted price 3.90 % Promissory Note 2032 Discounted cash flow method/Level 3 inputs 3.75 % Callable Promissory Note 2036 Discounted cash flow method/Level 3 inputs 4.55 % Promissory Note 2036 Discounted cash flow method/Level 3 inputs Assets Measured at Estimated Fair Value on a Recurring Basis The following tables present information about the Company’s financial assets measured at estimated fair value on a recurring basis. The tables indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of March 31, 2022 and December 31, 2021: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of March 31, 2022 Financial Assets: Cash and cash equivalents $ 569,040 $ — $ — $ 569,040 Restricted cash $ 2,400 $ — $ — $ 2,400 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 125,775 $ 1,442 $ — $ 127,217 Corporate bonds 20,861 — — 20,861 State, municipalities, and political subdivisions — 1,776 — 1,776 Exchange-traded debt 724 — — 724 Redeemable preferred stock 106 — — 106 Total available-for-sale securities $ 147,466 $ 3,218 $ — $ 150,684 Equity securities $ 41,204 $ — $ — $ 41,204 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2021 Financial Assets: Cash and cash equivalents $ 628,943 $ — $ — $ 628,943 Restricted cash $ 2,400 $ — $ — $ 2,400 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 15,536 $ 1,488 $ — $ 17,024 Corporate bonds 22,492 — — 22,492 State, municipalities, and political subdivisions — 1,808 — 1,808 Exchange-traded debt 811 — — 811 Redeemable preferred stock 448 — — 448 Total available-for-sale securities $ 39,287 $ 3,296 $ — $ 42,583 Equity securities $ 51,740 $ — $ — $ 51,740 Liabilities Carried at Other Than Fair Value The following tables present fair value information for liabilities that are carried on the consolidated balance sheets at amounts other than fair value as of March 31, 2022 and December 31, 2021: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of March 31, 2022 Financial Liabilities: Revolving credit facility $ 15,000 $ — $ 15,000 $ — $ 15,000 Long-term debt: 4.25 % Convertible Senior Notes $ 23,916 $ — $ 27,111 $ — $ 27,111 3.90 % Promissory Note 9,203 — — 9,455 9,455 3.75 % Callable Promissory Note 7,063 — — 7,132 7,132 4.55 % Promissory Note 5,087 — — 5,387 5,387 Total long-term debt $ 45,269 $ — $ 27,111 $ 21,974 $ 49,085 Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of December 31, 2021 Financial Liabilities: Revolving credit facility $ 15,000 $ — $ 15,000 $ — $ 15,000 Long-term debt: 4.25 % Convertible Senior Notes $ 23,885 $ — $ 33,248 $ — $ 33,248 3.90 % Promissory Note 9,287 — — 10,488 10,488 3.75 % Callable Promissory Note 7,153 — — 7,852 7,852 4.55 % Promissory Note 5,148 — — 6,051 6,051 Total long-term debt $ 45,473 $ — $ 33,248 $ 24,391 $ 57,639

Intangible Assets, Net

Intangible Assets, Net	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Note 7 -- Intangible Assets, Net The Company’s intangible assets, net consist of the following: March 31, December 31, 2022 2021 Anchor tenant relationships (a) $ 1,761 $ 1,761 In-place leases 4,215 4,215 Policy renewal rights - United 12,384 7,634 Non-compete agreements - United (b) 314 195 Total, at cost 18,674 13,805 Less: accumulated amortization ( 3,569 ) ( 3,169 ) Intangible assets, net $ 15,105 $ 10,636 The remaining weighted-average amortization periods for the intangible assets at March 31, 2022 are summarized in the table below: Anchor tenant relationships 12.2 years In-place leases 9.9 years Policy renewal rights - United 3.9 years Non-compete agreements - United 1.1 years (a) An anchor tenant is a tenant that attracted more customers than other tenants. (b) $ 195 was fully amortized in June 2021. In connection with the Southeast Region assumed business as described in Note 1 -- “Nature of Operations” the Company recorded intangible assets of $ 4,869 representing the renewal rights and non-compete agreement in exchange for contingent consideration consisting of a 6 % commission on any replacement premium which includes $ 3,800 of commission prepaid up-front. The contingent consideration was estimated at $4,869 with the $ 1,069 contingent liability included in other liabilities on the consolidated balance sheet. Amortization of the intangible assets related to the Southeast Region is expected to begin June 1, 2022 . The renewal rights and non-compete intangible assets acquired do not meet the definition of a business as substantially all of the fair value of the intangible assets acquired are concentrated in a group of similar assets. Therefore, the Company accounted for the purchase of the renewal rights and non-compete intangible assets as an asset acquisition.

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Note 8 -- Other Assets The following table summarizes the Company’s other assets: March 31, December 31, 2022 2021 Benefits receivable related to retrospective reinsurance contracts $ 4,548 $ 3,064 Reimbursement receivable under TPA service 4,651 3,525 Prepaid expenses 2,734 2,853 Deposits 482 406 Lease acquisition costs, net 557 505 Other 4,341 4,364 Total other assets $ 17,313 $ 14,717

Revolving Credit Facility

Revolving Credit Facility	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 9 -- Revolving Credit Facility For the three months ended March 31, 2022 and 2021, interest expense was $ 89 a nd $ 104 , respectively, includi ng $ 25 a nd $ 25 of amortization of issuance costs, respectively. At March 31, 2022 , the Company was in compliance with all required covenants, and there were $ 15,000 of borrowings outstanding.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Note 10 -- Long-Term Debt The following table summarizes the Company’s long-term debt: March 31, December 31, 2022 2021 4.25 % Convertible Senior Notes, due March 1, 2037 $ 23,916 $ 23,916 3.90 % Promissory Note, due through April 1, 2032 9,343 9,431 3.75 % Callable Promissory Note, due through September 1, 2036 7,153 7,246 4.55 % Promissory Note, due through August 1, 2036 5,162 5,225 Finance lease liabilities, due through October 15, 2024 26 31 Total principal amount 45,600 45,849 Less: unamortized issuance costs ( 305 ) ( 345 ) Total long-term debt $ 45,295 $ 45,504 The following table summarizes future maturities of long-term debt as of March 31, 2022 , which takes into consideration the assumption that the 4.25 % Convertible Senior Notes are repurchased at the next earliest call date: Due in 12 months following March 31, 2022 $ 1,017 2023 1,050 2024 1,086 2025 1,129 2026 25,091 Thereafter 16,227 Total $ 45,600 Information with respect to interest expense related to long-term debt is as follows: Three Months Ended March 31, 2022 2021 Interest Expense: Contractual interest $ 472 $ 1,707 Non-cash expense (a) 40 268 $ 512 $ 1,975 (a) Includes amortization of debt issuance costs. Convertible Senior Notes 4.25% Convertible Senior Notes . On March 1, 2022, none of the holders of the 4.25% Convertible Senior Notes exercised the put option, which would have required the Company to repurchase for cash all or any portion of the notes at par. The Company’s recent cash dividends on common stock have exceeded $ 0.35 per share, resulting in adjustments to the conversion rate of the 4.25% Convertible Senior Notes. Accordingly, as of March 31, 2022 , the conversion rate of the Company’s 4.25 % Convertible Senior Notes was 16.4853 shares of common stock for each $1 in principal amount, which was the equivalent of approximately $ 60.66 per share. As of March 31, 2022 , the debt issuance costs for the 4.25% Convertible Senior Notes had been fully amortized.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Reinsurance	Note 11 -- Reinsurance Reinsurance obtained from other insurance companies The Company cedes a portion of its homeowners’ insurance exposure to other entities under catastrophe excess of loss reinsurance contracts and a portion of its flood insurance exposure under one quota share reinsurance agreement. Ceded premiums under most catastrophe excess of loss reinsurance contracts are subject to revision resulting from subsequent adjustments in total insured value. Under the terms of the quota share reinsurance agreement, the Company is entitled to a 30 % ceding commission on ceded premiums written and a profit commission equal to 10 % of net profit. The Company remains liable for claims payments in the event that any reinsurer is unable to meet its obligations under the reinsurance agreements. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. The Company contracts with a number of reinsurers to secure its annual reinsurance coverage, which generally becomes effective June 1 st of each year. The Company purchases reinsurance each year taking into consideration probable maximum losses and reinsurance market conditions. The impact of the reinsurance contracts on premiums written and earned is as follows: Three Months Ended March 31, 2022 2021 Premiums Written: Direct $ 171,981 $ 110,131 Assumed 5,313 15,717 Gross written 177,294 125,848 Ceded ( 53,162 ) ( 43,099 ) Net premiums written $ 124,132 $ 82,749 Premiums Earned: Direct $ 148,846 $ 110,292 Assumed 30,079 20,650 Gross earned 178,925 130,942 Ceded ( 53,162 ) ( 43,099 ) Net premiums earned $ 125,763 $ 87,843 During the three months ended March 31, 2022 and 2021, the Company recognized ceded losses of $ 870 and $ 107 , respectively, as reductions in losses and loss adjustment expenses. At March 31, 2022 and December 31, 2021, there were 55 reinsurers participating in the Company’s reinsurance program. Total net amounts recoverable and receivable from reinsurers at March 31, 2022 and December 31, 2021 were $ 69,596 and $ 76,650 , respectively. Approximatel y 66.1 % of the reinsurance recoverable balance at March 31, 2022 was receivable from three reins urers, one of which was the Florida Hurricane Catastrophe Fund, a tax-exempt state trust fund. Based on all available information considered in the rating-based method, the Company recognized decreases in credit loss expense of $ 11 and $ 12 for the three months ended March 31, 2022 and 2021, respectively. Allowances for credit losses related to the reinsurance recoverable balance were $ 79 and $ 90 at March 31, 2022 and December 31, 2021, respectively. The Company has reinsurance contracts that include retrospective provisions that adjust premiums in the event losses are minimal or zero. For the three months ended March 31, 2022 and 2021, the Company recognized reductions in premiums ceded of $ 1,484 and $ 4,680 , respectively, related to these adjustments in the consolidated statements of income. Amounts receivable pursuant to retrospective provisions are reflected in other assets. At March 31, 2022 and December 31, 2021, other assets included $ 4,548 and $ 3,064 , respectively. Management believes the credit risk associated with the collectability of accrued benefits is minimal as the amount receivable is concentrated with two reinsurers and the Company monitors the creditworthiness of these reinsurers based on available information about each reinsurer’s financial condition. Reinsurance provided to other insurance companies For the three months ended March 31, 2022, $ 6,849 of assumed premiums written related to the Northeast Region’s insurance policies was derecognized, which primarily resulted from the return of the unearned portion of assumed written premiums subsequent to the Company's renewal and/or replacement of insurance policies in the State of New Jersey. For the three months ended March 31, 2021, assumed premiums written were $ 15,717 . At March 31, 2022, the Company had a net balance of $ 4,305 due to United related to the Northeast Region, consisting of ceding commission payable of $ 1,418 and payable on paid losses and loss adjustment expenses of $ 5,190 , offset by premiums receivable of $ 2,303 . At December 31, 2021, the Company had a net balance of $ 4,486 due to United related to the Northeast Region, consisting of ceding commission payable of $ 535 and payable on paid losses and loss adjustment expenses of $ 4,017 , offset by premiums receivable of $ 66 . Effective December 31, 2021, the Company entered into a separate agreement to provide 85% quota share reinsurance on United’s personal lines insurance policies in the states of Georgia, South Carolina and North Carolina. For the three months ended March 31, 2022, assumed premiums written related to the Southeast Region’s insurance policies were $ 12,162 . At March 31, 2022, the Company had a net balance of $ 1,178 receivable from United, consisting of premiums receivable of $ 4,792 offset by ceding commission payable of $ 1,198 , a catastrophe cost allowance of $ 949 and payable on paid losses and loss adjustment expenses of $ 1,467 . At December 31, 2021, there was an amount receivable from United of $ 23,325 , net of a ceding commission of $ 8,835 and a catastrophe cost allowance of $ 3,181 . At March 31, 2022 and December 31, 2021, the balance of funds withheld for assumed business related to the Company’s quota share reinsurance agreements with United was $ 84,068 and $ 73,716 , respectively.

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Losses and Loss Adjustment Expenses	Note 12 -- Losses and Loss Adjustment Expenses The liability for losses and loss adjustment expenses (“LAE”) is determined on an individual case basis for all claims reported. The liability also includes amounts for unallocated expenses, anticipated future claim development and losses incurred but not reported. The Company primarily writes insurance in states which could be exposed to hurricanes or other natural catastrophes. The occurrence of a major catastrophe could have a significant effect on the Company’s quarterly results and cause a temporary disruption of the normal operations of the Company. However, the Company is unable to predict the frequency or severity of any such events that may occur in the near term or thereafter. Activity in the liability for losses and LAE is summarized as follows: Three Months Ended March 31, 2022 2021 Net balance, beginning of period* $ 172,410 $ 141,065 Incurred, net of reinsurance, related to: Current period 70,076 41,920 Prior period 2,628 3,831 Total incurred, net of reinsurance 72,704 45,751 Paid, net of reinsurance, related to: Current period ( 18,796 ) ( 7,596 ) Prior period ( 46,481 ) ( 34,590 ) Total paid, net of reinsurance ( 65,277 ) ( 42,186 ) Net balance, end of period 179,837 144,630 Add: reinsurance recoverable before allowance for 54,955 61,143 Gross balance, end of period $ 234,792 $ 205,773 * Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE. The establishment of loss and LAE reserves is an inherently uncertain process and changes in loss and LAE reserve estimates are expected as these estimates are subject to the outcome of future events. Changes in estimates, or differences between estimates and amounts ultimately paid, are reflected in the operating results of the period during which such estimates are adjusted. During the three months ended March 31, 2022, the Company recognized losses related to prior periods of $ 2,628 primarily to increase the reserve resulting from increased litigation. Losses for the three months ended March 31, 2022 included estimated losses, net of reinsurance, of approximately $ 12,961 related to policies assumed from United, approximately $ 2,055 of which pertained to TypTap. In addition, the Company recognized $ 6,121 of losses related to weather events in Florida during the three months ended March 31, 2022.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Note 13 -- Segment Information The Company identifies its operating divisions or segments based on managerial emphasis, organizational structure and revenue source. In the first quarter of 2021, the Company reorganized its operations to focus on specific business segments, resulting in the creation of TTIG with a separate workforce, board of directors and financial reporting structure. Companies under TTIG include TypTap, TypTap Management Company, Exzeo USA, Inc., and Cypress Tech Development Company, Inc., the parent company of an India company, Exzeo Software Private Limited. TTIG and its subsidiaries are considered a new reporting segment known as TypTap Group. The Company has four reportable segments: HCPCI insurance operations, TypTap Group, real estate operations, and corporate and other. Due to their economic characteristics, the Company’s property and casualty insurance division and reinsurance operations, excluding the insurance operations under TypTap Group, are grouped together into one reportable segment under HCPCI insurance operations. The TypTap Group segment includes its property and casualty insurance operations, information technology operations and its management company’s activities. The real estate operations segment includes companies engaged in operating commercial properties the Company owns for investment purposes or for use in its own operations. The corporate and other segment represents the activities of the holding companies and any other companies that do not meet the quantitative and qualitative thresholds for a reportable segment. The determination of segments may change over time due to changes in operational emphasis, revenues, and results of operations. The Company’s chief executive officer, who serves as the Company’s chief operating decision maker, evaluates each division’s financial and operating performance based on revenue and operating income. For the three months ended March 31, 2022 and 2021, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 69.8 % and 77.7 %, respectively, and revenues from the TypTap Group segment represented 28.3 % and 17.2 %, respectively, of total revenues of all operating segments. At March 31, 2022 and December 31, 2021, HCPCI insurance operations’ total assets represented 55.6 % and 58.7 %, respectively, and TypTap Group’s total assets represented 32.3 % and 29.3 %, respectively, of the combined assets of all operating segments. The following tables present segment information reconciled to the Company’s consolidated statements of income. Intersegment transactions are not eliminated from segment results. However, intracompany transactions are eliminated in segment results below. HCPCI Insurance TypTap Real Corporate/ Reclassification/ For Three Months Ended March 31, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 119,305 $ 60,622 $ — $ — $ ( 1,002 ) $ 178,925 Premiums ceded ( 36,953 ) ( 16,933 ) — — 724 ( 53,162 ) Net premiums earned 82,352 43,689 — — ( 278 ) 125,763 Net (loss) income from investment portfolio ( 1,457 ) ( 16 ) — 316 135 ( 1,022 ) Policy fee income 654 403 — — — 1,057 Other 1,247 469 2,403 836 ( 3,713 ) 1,242 Total revenue 82,796 44,545 2,403 1,152 ( 3,856 ) 127,040 Expenses: Losses and loss adjustment expenses 43,995 28,988 — — ( 279 ) 72,704 Amortization of deferred policy acquisition costs 19,102 9,422 — — — 28,524 Other policy acquisition expenses 663 283 — — — 946 Stock-based compensation expense 1,144 885 — 2,308 — 4,337 Interest expense — 200 227 374 ( 200 ) 601 Depreciation and amortization 114 561 605 172 ( 623 ) 829 Personnel and other operating expenses 7,318 7,493 1,307 1,734 ( 2,754 ) 15,098 Total expenses 72,336 47,832 2,139 4,588 ( 3,856 ) 123,039 Income (loss) before income taxes $ 10,460 $ ( 3,287 ) $ 264 $ ( 3,436 ) $ — $ 4,001 Total revenue from non-affiliates (d) $ 81,733 $ 44,823 $ 2,064 $ 449 Gross premiums written $ 91,141 $ 86,153 (a) Other revenue under real estate primarily consisted of rental income from investment properties. (b) Other revenue under corporate and other primarily consisted of revenue from marina business. (c) Gross premiums earned consist of $ 118,303 from HCPCI and $ 1,002 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. HCPCI Insurance TypTap Real Corporate/ Reclassification/ For Three Months Ended March 31, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 104,521 $ 28,811 $ — $ — $ ( 2,390 ) $ 130,942 Premiums ceded ( 35,980 ) ( 9,509 ) — — 2,390 ( 43,099 ) Net premiums earned 68,541 19,302 — — — 87,843 Net income from investment portfolio 880 336 — 1,495 2,727 5,438 Policy fee income 712 258 — — — 970 Other 521 175 5,134 560 ( 5,767 ) 623 Total revenue 70,654 20,071 5,134 2,055 ( 3,040 ) 94,874 Expenses: Losses and loss adjustment expenses 33,439 12,312 — — — 45,751 Amortization of deferred policy acquisition costs 12,747 4,637 — — — 17,384 Other policy acquisition expenses 4,824 1,041 — — ( 184 ) 5,681 Stock-based compensation expense 761 367 — 1,214 — 2,342 Interest expense — 90 482 1,752 ( 245 ) 2,079 Depreciation and amortization 20 288 587 176 ( 633 ) 438 Personnel and other operating expenses 5,058 5,122 1,201 1,694 ( 1,978 ) 11,097 Total expenses 56,849 23,857 2,270 4,836 ( 3,040 ) 84,772 Income (loss) before income taxes $ 13,805 $ ( 3,786 ) $ 2,864 $ ( 2,781 ) $ — $ 10,102 Total revenue from non-affiliates (d) $ 70,200 $ 20,379 $ 4,795 $ 1,524 Gross premiums written $ 80,988 $ 44,890 (a) Other revenue under real estate primarily consisted of rental income from investment properties. (b) Other revenue under corporate and other primarily consisted of revenue from marina business. (c) Gross premiums earned consist of $ 102,131 from HCPCI and $ 2,390 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. The following table presents segment assets reconciled to the Company’s total assets on the consolidated balance sheets: March 31, December 31, 2022 2021 Segments: HCPCI Insurance Operations $ 637,294 $ 676,509 TypTap Group 403,557 369,600 Real Estate Operations 128,067 127,651 Corporate and Other 74,145 65,349 Consolidation and Elimination ( 67,813 ) ( 62,252 ) Total assets $ 1,175,250 $ 1,176,857

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Note 14 -- Leases The table below summarizes the Company’s right-of-use (“ROU”) assets and corresponding liabilities for operating and finance leases: March 31, December 31, 2022 2021 Operating leases: ROU Assets $ 2,673 $ 2,204 Liabilities $ 2,662 $ 2,203 Finance leases: ROU Assets $ 86 $ 86 Liabilities $ 26 $ 31 The Company’s lease of office space in India for its information technology operations expired in January 2022 and a new lease agreement was entered into effective February 2022 with an initial term of nine years. The following table summarizes the Company’s operating and finance leases in which the Company is a lessee: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office equipment 1 to 51 months Yes (a), (b) Office space 3 to 9 years Yes (b), (c) Finance lease: Office equipment 3 to 5 years Not applicable (d) (a) At the end of the lease term, the Company can purchase the equipment at fair market value. (b) There are no variable lease payments. (c) Rent escalation provisions exist. (d) There is a bargain purchase option. As of March 31, 2022, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following March 31, 2022 $ 1,509 $ 17 2023 565 9 2024 101 1 2025 106 — 2026 112 — Thereafter 481 — Total lease payments 2,874 27 Less: interest 212 1 Total lease obligations $ 2,662 $ 26 The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended March 31, 2022 2021 Lease costs: Finance lease costs: Amortization – ROU assets* $ 5 $ 4 Interest expense — 1 Operating lease costs* 374 454 Short-term lease costs* 110 37 Total lease costs $ 489 $ 496 Cash paid for amounts included in the Operating cash flows – finance leases $ — $ 1 Operating cash flows – operating leases $ 372 $ 458 Financing cash flows – finance leases $ 5 $ 4 March 31, 2022 Weighted-average remaining lease term: Finance leases (in years) 2.8 Operating leases (in years) 4.4 Weighted-average discount rate: Finance leases (%) 3.5 % Operating leases (%) 3.1 % * Included in other operating expenses on the consolidated statements of income. The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office space 1 to 3 years Yes (e) Retail space 3 to 20 years Yes (e) Boat docks/wet slips 1 to 12 months Yes (e) (e) There are no purchase options.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 15 -- Income Taxes During the three months ended March 31, 2022 and 2021, the Company recorded approximately $ 1,210 and $ 3,257 , re spectively, of income taxes, which resulted in effective tax rates of 30.2 % and 32.2 %, respectively. The decrease in the effective tax rate as compared with the corresponding period in the prior year was primarily attributable to the recognition of tax benefits attributable to restricted stock that vested in February 2022, offset by the increased Florida corporate tax rate effective January 1, 2022 . The Company’s estimated annual effective tax rate differs from the statutory federal tax rate due to state and foreign income taxes as well as certain nondeductible and tax-exempt items.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 16 -- Earnings Per Share U.S. GAAP requires the Company to use the two-class method in computing basic earnings per share since holders of the Company’s restricted stock have the right to share in dividends, if declared, equally with common stockholders. These participating securities affect the computation of both basic and diluted earnings per share during periods of net income or loss. For a majority-owned subsidiary, its basic and diluted earnings per share are first computed separately. Then, the Company’s proportionate share in that majority-owned subsidiary’s earnings is added to the computation of both basic and diluted earnings per share at a consolidated level. A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below: Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Income Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income $ 2,791 $ 6,845 Less: Net income attributable to redeemable ( 2,248 ) ( 794 ) Less: TypTap Group’s net loss attributable 360 97 Net income attributable to HCI 903 6,148 Less: Income attributable to participating ( 52 ) ( 18 ) Basic Earnings Per Share: Income allocated to common stockholders 851 9,479 $ 0.09 6,130 7,474 $ 0.82 Effect of Dilutive Securities: Stock options — 135 — 96 Convertible senior notes* — — 1,312 2,288 Warrants — 153 — 72 Diluted Earnings Per Share: Income available to common stockholders $ 851 9,767 $ 0.09 $ 7,442 9,930 $ 0.75 (a) Shares in thousands. * For the three months ended March 31, 2022, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 17 -- Redeemable Noncontrolling Interest The following table summarizes the activity of redeemable noncontrolling interest during the three months ended March 31, 2022 and 2021: 2022 2021 Balance at January 1 $ 89,955 $ — Initial proceeds from Centerbridge — 100,000 Increase (decrease): Proceeds allocated to warrants* — ( 9,217 ) Issuance costs — ( 6,262 ) Issuance costs allocated to warrants* — 577 Accrued cash dividends 1,342 458 Accretion - increasing dividend rates 906 336 Dividends paid ( 2,508 ) — Balance at March 31 $ 89,695 $ 85,892 *Net decrease related to warrants of $ 8,640 . For the three months ended March 31, 2022 and 2021, net income attributable to redeemable noncontrolling interest was $ 2,248 and $ 794 , respectively, consisting of accrued cash dividends of $ 1,342 and $ 458 , respectively, and accretion related to increasing dividend rates of $ 906 and $ 336 , respectively.

Equity

Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Equity	Note 18 -- Equity Stockholders’ Equity Common Stock In March 2022, the Company’s Board of Directors authorized a plan to repurchase up to $ 20,000 of the Company’s common shares before commissions and fees during 2022. During the three months ended March 31, 2022, there were no shares repurchased by the Company. On January 20, 2022 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends were paid on March 18, 2022 to stockholders of record on February 18, 2022 . Warrants At March 31, 2022, there were warrants outstanding and exercisable to purchase 750,000 shares of HCI common stock at an exercise price of $ 54.40 . The warrants expire on February 26, 2025 . Prepaid Share Repurchase Forward Contract In March 2022, the Company’s share repurchase forward contract with Societe Generale, entered into in conjunction with the 2017 issuance of the 4.25 % Convertible Senior Notes, was physically settled with the delivery from Societe Generale of 191,100 shares of HCI’s common stock to the Company. Noncontrolling Interests At March 31, 2022, there were 81,132,790 shares of TTIG’s common stock outstanding, of which 6,132,790 shares were not owned by HCI. In February 2022, TTIG repurchased and retired a total of 21,744 shares of its common stock surrendered by its employees to satisfy payroll tax liabilities associated with the vesting of restricted shares. The total cost of purchasing noncontrolling interests w as $ 127 .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 19 -- Stock-Based Compensation 2012 Omnibus Incentive Plan The Company currently has outstanding stock-based awards granted under the Plan which is currently active and available for future grants. At March 31, 2022 , there were 1,111,240 shares available for grant. Stock Options Stock options granted and outstanding under the incentive plan vest over a period of four years and are exercisable over the contractual term of ten years . A summary of the stock option activity for the three months ended March 31, 2022 and 2021 is as follows (option amounts not in thousands): Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term Value Outstanding at January 1, 2022 440,000 $ 45.25 6.6 years $ 18,119 Outstanding at March 31, 2022 440,000 $ 45.25 6.3 years $ 10,494 Exercisable at March 31, 2022 357,500 $ 44.23 6.0 years $ 8,891 Outstanding at January 1, 2021 440,000 $ 45.25 7.6 years $ 3,113 Outstanding at March 31, 2021 440,000 $ 45.25 7.3 years $ 13,464 Exercisable at March 31, 2021 275,000 $ 43.40 6.8 years $ 8,924 There were no options exercised during the three months ended March 31, 2022 and 2021. For the three months ended March 31, 2022 and 2021 , the Company recognized $ 184 and $ 223 , respectively, of compensation expense which was included in general and administrative personnel expenses. Deferred tax benefits related to stock options were $ 0 and $ 1 for the three months ended March 31, 2022 and 2021, respectively. At March 31, 2022 and December 31, 2021 , there was $ 821 and $ 1,005 , respectively, of unrecognized compensation expense related to nonvested stock options. The Company expects to recognize the remaining compensation expense over a weighted-average period of 1.5 years. Restricted Stock Awards From time to time, the Company has granted and may grant restricted stock awards to certain executive officers, other employees and nonemployee directors in connection with their service to the Company. The terms of the Company’s outstanding restricted stock grants may include service, performance and market-based conditions. The determination of fair value with respect to the awards containing only service-based conditions is based on the market value of the Company’s common stock on the grant date. For awards with market-based conditions, the fair value is determined using a Monte Carlo simulation method, which calculates many potential outcomes for an award and then establishes fair value based on the most likely outcome. Information with respect to the activity of unvested restricted stock awards during the three months ended March 31, 2022 and 2021 is as follows: Number of Weighted Restricted Average Stock Grant Date Awards Fair Value Nonvested at January 1, 2022 679,997 $ 39.72 Granted 4,000 $ 70.58 Vested ( 50,667 ) $ 50.68 Forfeited ( 3,265 ) $ 45.85 Nonvested at March 31, 2022 630,065 $ 39.00 Nonvested at January 1, 2021 423,787 $ 43.79 Granted 548,086 $ 36.95 Vested ( 41,250 ) $ 42.18 Cancelled ( 141,600 ) $ 43.76 Forfeited ( 2,050 ) $ 45.67 Nonvested at March 31, 2021 786,973 $ 39.11 The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $ 3,268 and $ 1,905 for the three months ended March 31, 2022 and 2021, respectively. At March 31, 2022 and December 31, 2021 , there was approximately $ 15,859 and $ 18,995 , respectively, of total unrecognized compensation expense related to nonvested restricted stock arrangements. The Company expects to recognize the remaining compensation expense over a weighted-average period of 2.2 years. The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three months ended March 31, 2022 and 2021. Three Months Ended March 31, 2022 2021 Deferred tax benefits recognized (derecognized) $ 652 $ ( 36 ) Tax benefits realized for restricted stock and $ 402 $ 55 Fair value of vested restricted stock $ 2,568 $ 1,740 In February 2021, the Company cancelled 141,600 shares of restricted stock for employees who transitioned to TypTap Group. In exchange, these employees received replacement restricted stock issued under TTIG’s equity incentive plan. Subsidiary Equity Plan For the three months ended March 31, 2022 and 2021, TypTap Group recognized compensation expense related to its stock-based awards of $ 885 and $ 215 , respectively. At March 31, 2022 and December 31, 2021, there was $ 10,189 and $ 11,230 , respectively, of unrecognized compensation expense related to nonvested restricted stock and stock options.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 20 -- Commitments and Contingencies Obligations under Multi-Year Reinsurance Contracts As of March 31, 2022, the Company has contractual obligations related to two multi-year reinsurance contracts. These contracts may be cancelled only with the other party’s consent or when their respective experience accounts are positive at the end of each contract year. See Note 21 -- “Subsequent Events” for additional information. Capital Commitments As described in Note 4 -- “Investments” under Limited Partnership Investments , the Company is contractually committed to capital contributions for limited partnership interests. At March 31, 2022 , there was an aggregate unfunded balance of $ 7,750 . FIGA Assessments In October 2021, the Florida Office of Insurance Regulation approved a 2022 assessment for the Florida Insurance Guaranty Association (“FIGA”) which is necessary to secure funds for the payment of covered claims of insolvent insurance companies. The 2022 FIGA assessment is levied at 0.70 % on collected premiums of all covered lines of business except auto insurance. The surcharge, which is collectible from a policyholder, will be assessed on new and renewal policies with effective dates beginning January 1, 2022 through December 31, 2022. In March 2022, the Florida Office of Insurance Regulation approved an assessment for FIGA which is necessary to secure funds for the payment of covered claims relating to the liquidation of one insurance company. The FIGA assessment is levied at 1.3 % on collected premiums of all covered lines of business except auto insurance. The surcharge, which is collectible from a policyholder, will be assessed on new and renewal policies with effective dates beginning July 1, 2022 through June 30, 2023. The Company’s insurance subsidiaries, as member insurers, are required to collect and remit the pass-through assessments to FIGA on a quarterly basis. As of March 31, 2022, the FIGA assessments payable by the Company were $ 983 .

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 21 -- Subsequent Events The Company has submitted written notice indicating its intention to commute both multi-year reinsurance contracts described in Note 20 -- “Commitments and Contingencies” ending May 31, 2022. On April 26, 2022 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends are payable on June 17, 2022 to stockholders of record on May 17, 2022 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements for HCI Group, Inc. and its majority-owned and controlled subsidiaries (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s financial position as of March 31, 2022 and the results of operations and cash flows for the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ending December 31, 2022. The accompanying unaudited consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2021 included in the Company’s Form 10-K, which was filed with the SEC on March 10, 2022. In preparing the interim unaudited consolidated financial statements, management was required to make certain judgments, assumptions, and estimates that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the financial reporting date and throughout the periods being reported upon. Certain of the estimates result from judgments that can be subjective and complex and consequently actual results may differ from these estimates. Material estimates that are particularly susceptible to significant change in the near term are related to the Company’s losses and loss adjustment expenses, which include amounts estimated for claims incurred but not yet reported. The Company uses various assumptions and actuarial data it believes to be reasonable under the circumstances to make these estimates. In addition, accounting policies specific to reinsurance with retrospective provisions, reinsurance recoverable, deferred income taxes, limited partnership investments, warrants, redeemable noncontrolling interest, intangible assets acquired from United, and stock-based compensation expense involve significant judgments and estimates material to the Company’s consolidated financial statements. All significant intercompany balances and transactions have been eliminated.
Revenue from Claims Processing Services	Revenue from Claims Processing Services Revenue related to claims processing services is included in other revenue in the consolidated statement of income. For the three months ended March 31, 2022, revenues from claims processing services were $ 1,007 . At March 31, 2022 and December 31, 2021, other assets included $ 248 and $ 314 , respectively, of amounts receivable attributable to this service.
Reclassification	Reclassification Certain prior year amounts have been reclassified to conform to the current year presentation. Ceded reinsurance premiums payable were reclassified out of other liabilities and funds withheld for assumed business were reclassified out of other assets for the three months ended March 31, 2021 within the consolidated statement of cash flows to conform with the current year presentation.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
Summary of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. March 31, December 31, 2022 2021 Cash and cash equivalents $ 569,040 $ 628,943 Restricted cash 2,400 2,400 Total $ 571,440 $ 631,343

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Summary of Amortized Cost, Allowance for Credit Loss, Gross Unrealized Gains and Losses, and Estimated Fair Value of Available-for-Sale Securities	The Company holds investments in fixed-maturity securities that are classified as available-for-sale. At March 31, 2022 and December 31, 2021, the cost or amortized cost, allowance for credit loss, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows: Cost or Allowance Gross Gross Estimated Cost Loss Gain Loss Value As of March 31, 2022 U.S. Treasury and U.S. government agencies $ 130,261 $ — $ 4 $ ( 3,048 ) $ 127,217 Corporate bonds 20,947 — 161 ( 247 ) 20,861 States, municipalities, and political subdivisions 1,760 — 16 — 1,776 Exchange-traded debt 701 — 24 ( 1 ) 724 Redeemable preferred stock 107 — — ( 1 ) 106 Total $ 153,776 $ — $ 205 $ ( 3,297 ) $ 150,684 As of December 31, 2021 U.S. Treasury and U.S. government agencies $ 17,046 $ — $ 64 $ ( 86 ) $ 17,024 Corporate bonds 21,913 — 632 ( 53 ) 22,492 States, municipalities, and political subdivisions 1,759 — 49 — 1,808 Exchange-traded debt 767 — 44 — 811 Redeemable preferred stock 468 — — ( 20 ) 448 Total $ 41,953 $ — $ 789 $ ( 159 ) $ 42,583
Scheduled Contractual Maturities of Fixed-Maturity Securities	The scheduled contractual maturities of fixed-maturity securities as of March 31, 2022 and December 31, 2021 are as follows: March 31, 2022 December 31, 2021 Cost or Estimated Cost or Estimated Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale Due in one year or less $ 10,232 $ 10,259 $ 10,734 $ 10,826 Due after one year through five years 139,407 136,546 19,222 19,820 Due after five years through ten years 3,643 3,365 11,503 11,403 Due after ten years 494 514 494 534 $ 153,776 $ 150,684 $ 41,953 $ 42,583
Summary of Proceeds Received and Gross Realized Gains and Losses from Sales of Available for Sale Securities	Proceeds received, and the gross realized gains and losses from sales of available-for-sale fixed-maturity securities, for the three months ended March 31, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended March 31, 2022 $ 9,058 $ 2 $ ( 431 ) Three months ended March 31, 2021 $ 36 $ 1 $ —
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category	Securities with gross unrealized loss positions at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows: Less Than Twelve Months Twelve Months or Longer Total Gross Estimated Gross Estimated Gross Estimated Unrealized Fair Unrealized Fair Unrealized Fair As of March 31, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 2,964 ) $ 123,394 $ ( 84 ) $ 2,062 $ ( 3,048 ) $ 125,456 Corporate bonds ( 247 ) 6,945 — — ( 247 ) 6,945 Exchange-traded debt ( 1 ) 25 — — ( 1 ) 25 Redeemable preferred stock ( 1 ) 106 — — ( 1 ) 106 Total available-for-sale securities $ ( 3,213 ) $ 130,470 $ ( 84 ) $ 2,062 $ ( 3,297 ) $ 132,532 Less Than Twelve Months Twelve Months or Longer Total Gross Estimated Gross Estimated Gross Estimated Unrealized Fair Unrealized Fair Unrealized Fair As of December 31, 2021 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 73 ) $ 9,809 $ ( 13 ) $ 616 $ ( 86 ) $ 10,425 Corporate bonds ( 53 ) 4,452 — — ( 53 ) 4,452 Redeemable preferred stock ( 20 ) 442 — — ( 20 ) 442 Total available-for-sale securities $ ( 146 ) $ 14,703 $ ( 13 ) $ 616 $ ( 159 ) $ 15,319
Summary of Allowance for Credit Losses of Available-for-Sale Securities	The table below summarizes the activity in the allowance for credit losses of available-for-sale securities for the three months ended March 31, 2022 and 2021: 2022 2021 Balance at January 1 $ — $ 588 Reductions for securities sold — ( 9 ) Balance at March 31 $ — $ 579
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Equity Securities	The Company holds investments in equity securities measured at fair values which are readily determinable. At March 31, 2022 and December 31, 2021, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows: Gross Gross Estimated Cost Gain Loss Value March 31, 2022 $ 39,316 $ 3,561 $ ( 1,673 ) $ 41,204 December 31, 2021 $ 46,276 $ 6,335 $ ( 871 ) $ 51,740
Summary of Unrealized Gains and Losses for Equity Securities	The table below presents the portion of unrealized gains and losses in the Company’s consolidated statements of income for the periods related to equity securities still held. Three Months Ended March 31, 2022 2021 Net (losses) gains recognized $ ( 3,542 ) $ 467 Exclude: Net realized gains recognized for 34 736 Net unrealized losses recognized $ ( 3,576 ) $ ( 269 )
Summary of Proceeds Received, Gross Realized Gains and Losses from Sales of Equity Securities	Proceeds received, and the gross realized gains and losses from sales of equity securities, for the three months ended March 31, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended March 31, 2022 $ 18,369 $ 1,420 $ ( 1,386 ) Three months ended March 31, 2021 $ 34,378 $ 1,142 $ ( 406 )
Schedule of Company's Investments in Limited Partnerships	The following table provides information related to the Company’s investments in limited partnerships: March 31, 2022 December 31, 2021 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 5,335 $ — 15.37 $ 6,076 $ 2,085 15.37 Value creation through active distressed debt 3,410 — 1.67 3,423 — 1.69 High returns and long-term capital appreciation 6,704 — 0.18 6,270 1,401 0.18 Value-oriented investments in less liquid and 4,030 — 0.57 4,437 — 0.57 Value-oriented investments in mature real 6,719 4,548 1.34 5,977 4,537 1.36 Risk-adjusted returns on credit and equity 1,968 3,202 0.47 1,950 3,050 0.47 Total $ 28,166 $ 7,750 $ 28,133 $ 11,073 (a) Represents the Company’s percentage investment in the fund at each balance sheet date. (b) Except under certain circumstances, withdrawals from the funds or any assignments are not permitted. Distributions, except income from late admission of a new limited partner, will be received when underlying investments of the funds are liquidated. (c) Expected to have a ten-year term. Although the capital commitment period has expired, follow-on investments and pending commitments may require additional fundings. (d) The term has been extended for a one-year additional period to June 30, 2022. Although the capital commitment period has ended, the general partner could still request an additional funding under certain circumstances. (e) At the fund manager’s discretion, the term of the fund may be extended for up to two additional one-year periods. (f) Expected to have a ten-year term. The capital commitment period has expired but the general partner may request additional funding for follow-on investment. (g) With the consent of a supermajority of partners, the term of the fund may be extended for up to three additional one-year periods. (h) Expected to have a six-year term from the commencement date, which can be extended for up to two additional one-year periods with the consent of either the advisory committee or a majority of limited partners. (i) The capital commitment period has ended but an additional funding may be requested. (j) Expected to have an eight-year term from November 27, 2019. (k) Expected to have an eight-year term after the final admission date.
Summary of Unaudited Financial Information and Unaudited Financial Position	The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Three Months Ended March 31, 2022 2021 Operating results: Total revenues $ — $ — Total expenses ( 14 ) ( 28 ) Net loss $ ( 14 ) $ ( 28 ) The Company’s share of net loss* $ ( 13 ) $ ( 25 ) * Included in net investment income in the Company’s consolidated statements of income. March 31, December 31, 2022 2021 Balance sheet: Property and equipment, net $ 353 $ 357 Cash 21 29 Other 18 18 Total assets $ 392 $ 404 Other liabilities $ 2 $ — Members’ capital 390 404 Total liabilities and members’ capital $ 392 $ 404 Investment in unconsolidated joint venture, at equity** $ 350 $ 363 ** Includes the 90 % share of FMKT Mel JV’s operating results.
Summary of Real Estate Investment	Real estate investments consist of the following as of March 31, 2022 and December 31, 2021: March 31, December 31, 2022 2021 Land $ 39,720 $ 39,720 Land improvements 11,917 11,917 Buildings and building improvements 29,410 29,405 Tenant and leasehold improvements 1,532 1,511 Other 1,236 1,265 Total, at cost 83,815 83,818 Less: accumulated depreciation and amortization ( 10,428 ) ( 9,922 ) Real estate investments $ 73,387 $ 73,896
Investment (Loss) Income Summarized	Net investment income (loss), by source, is summarized as follows: Three Months Ended March 31, 2022 2021 Available-for-sale fixed-maturity securities $ 448 $ 441 Equity securities 287 352 Investment expense ( 134 ) ( 126 ) Limited partnership investments 1,780 787 Real estate investments 347 2,997 Loss from unconsolidated joint venture ( 13 ) ( 25 ) Cash and cash equivalents 153 168 Net investment income $ 2,868 $ 4,594
Limited Partnership [Member]
Summary of Unaudited Financial Information and Unaudited Financial Position	The following is the summary of aggregated unaudited financial information of limited partnerships included in the investment strategy table above, which in certain cases is presented on a three-month lag due to the unavailability of information at the Company’s respective balance sheet dates. The financial statements of these limited partnerships are audited annually. Three Months Ended March 31, 2022 2021 Operating results: Total income $ 336,828 $ ( 10,948 ) Total expenses ( 49,317 ) ( 55,512 ) Net income (loss) $ 287,511 $ ( 66,460 ) March 31, December 31, 2022 2021 Balance sheet: Total assets $ 5,988,314 $ 5,855,616 Total liabilities $ 603,967 $ 564,732

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Components of Other Comprehensive Income or Loss and Related Tax Effects Allocated to Each Component	The components of other comprehensive income or loss and the related tax effects allocated to each component were as follows: Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 4,151 ) $ ( 1,047 ) $ ( 3,104 ) $ ( 182 ) $ ( 45 ) $ ( 137 ) Call and repayment gains charged to — — — ( 2 ) — ( 2 ) Reclassification adjustment for realized 429 109 320 ( 1 ) — ( 1 ) Total other comprehensive loss $ ( 3,722 ) $ ( 938 ) $ ( 2,784 ) $ ( 185 ) $ ( 45 ) $ ( 140 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Components of Long-Term Debt and Methods Used in Estimating Fair Values	The following table summarizes components of the Company’s long-term debt and methods used in estimating their fair values: Maturity Date Valuation Methodology 4.25 % Convertible Senior Notes 2037 Quoted price 3.90 % Promissory Note 2032 Discounted cash flow method/Level 3 inputs 3.75 % Callable Promissory Note 2036 Discounted cash flow method/Level 3 inputs 4.55 % Promissory Note 2036 Discounted cash flow method/Level 3 inputs
Assets Measured at Estimated Fair Value on a Recurring Basis	The following tables present information about the Company’s financial assets measured at estimated fair value on a recurring basis. The tables indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of March 31, 2022 and December 31, 2021: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of March 31, 2022 Financial Assets: Cash and cash equivalents $ 569,040 $ — $ — $ 569,040 Restricted cash $ 2,400 $ — $ — $ 2,400 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 125,775 $ 1,442 $ — $ 127,217 Corporate bonds 20,861 — — 20,861 State, municipalities, and political subdivisions — 1,776 — 1,776 Exchange-traded debt 724 — — 724 Redeemable preferred stock 106 — — 106 Total available-for-sale securities $ 147,466 $ 3,218 $ — $ 150,684 Equity securities $ 41,204 $ — $ — $ 41,204 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2021 Financial Assets: Cash and cash equivalents $ 628,943 $ — $ — $ 628,943 Restricted cash $ 2,400 $ — $ — $ 2,400 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 15,536 $ 1,488 $ — $ 17,024 Corporate bonds 22,492 — — 22,492 State, municipalities, and political subdivisions — 1,808 — 1,808 Exchange-traded debt 811 — — 811 Redeemable preferred stock 448 — — 448 Total available-for-sale securities $ 39,287 $ 3,296 $ — $ 42,583 Equity securities $ 51,740 $ — $ — $ 51,740
Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Consolidated Balance Sheets	The following tables present fair value information for liabilities that are carried on the consolidated balance sheets at amounts other than fair value as of March 31, 2022 and December 31, 2021: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of March 31, 2022 Financial Liabilities: Revolving credit facility $ 15,000 $ — $ 15,000 $ — $ 15,000 Long-term debt: 4.25 % Convertible Senior Notes $ 23,916 $ — $ 27,111 $ — $ 27,111 3.90 % Promissory Note 9,203 — — 9,455 9,455 3.75 % Callable Promissory Note 7,063 — — 7,132 7,132 4.55 % Promissory Note 5,087 — — 5,387 5,387 Total long-term debt $ 45,269 $ — $ 27,111 $ 21,974 $ 49,085 Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of December 31, 2021 Financial Liabilities: Revolving credit facility $ 15,000 $ — $ 15,000 $ — $ 15,000 Long-term debt: 4.25 % Convertible Senior Notes $ 23,885 $ — $ 33,248 $ — $ 33,248 3.90 % Promissory Note 9,287 — — 10,488 10,488 3.75 % Callable Promissory Note 7,153 — — 7,852 7,852 4.55 % Promissory Note 5,148 — — 6,051 6,051 Total long-term debt $ 45,473 $ — $ 33,248 $ 24,391 $ 57,639

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Details of Intangible Assets, Net	The Company’s intangible assets, net consist of the following: March 31, December 31, 2022 2021 Anchor tenant relationships (a) $ 1,761 $ 1,761 In-place leases 4,215 4,215 Policy renewal rights - United 12,384 7,634 Non-compete agreements - United (b) 314 195 Total, at cost 18,674 13,805 Less: accumulated amortization ( 3,569 ) ( 3,169 ) Intangible assets, net $ 15,105 $ 10,636
Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets	The remaining weighted-average amortization periods for the intangible assets at March 31, 2022 are summarized in the table below: Anchor tenant relationships 12.2 years In-place leases 9.9 years Policy renewal rights - United 3.9 years Non-compete agreements - United 1.1 years (a) An anchor tenant is a tenant that attracted more customers than other tenants. (b) $ 195 was fully amortized in June 2021.

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Assets	The following table summarizes the Company’s other assets: March 31, December 31, 2022 2021 Benefits receivable related to retrospective reinsurance contracts $ 4,548 $ 3,064 Reimbursement receivable under TPA service 4,651 3,525 Prepaid expenses 2,734 2,853 Deposits 482 406 Lease acquisition costs, net 557 505 Other 4,341 4,364 Total other assets $ 17,313 $ 14,717

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Summary of Long-term Debt	The following table summarizes the Company’s long-term debt: March 31, December 31, 2022 2021 4.25 % Convertible Senior Notes, due March 1, 2037 $ 23,916 $ 23,916 3.90 % Promissory Note, due through April 1, 2032 9,343 9,431 3.75 % Callable Promissory Note, due through September 1, 2036 7,153 7,246 4.55 % Promissory Note, due through August 1, 2036 5,162 5,225 Finance lease liabilities, due through October 15, 2024 26 31 Total principal amount 45,600 45,849 Less: unamortized issuance costs ( 305 ) ( 345 ) Total long-term debt $ 45,295 $ 45,504
Summary of Future Maturities of Long-Term Debt	The following table summarizes future maturities of long-term debt as of March 31, 2022 , which takes into consideration the assumption that the 4.25 % Convertible Senior Notes are repurchased at the next earliest call date: Due in 12 months following March 31, 2022 $ 1,017 2023 1,050 2024 1,086 2025 1,129 2026 25,091 Thereafter 16,227 Total $ 45,600
Schedule of Interest Expense Related to Long-Term Debt	Information with respect to interest expense related to long-term debt is as follows: Three Months Ended March 31, 2022 2021 Interest Expense: Contractual interest $ 472 $ 1,707 Non-cash expense (a) 40 268 $ 512 $ 1,975

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Impact of the Reinsurance Contracts on Premiums Written and Earned	The impact of the reinsurance contracts on premiums written and earned is as follows: Three Months Ended March 31, 2022 2021 Premiums Written: Direct $ 171,981 $ 110,131 Assumed 5,313 15,717 Gross written 177,294 125,848 Ceded ( 53,162 ) ( 43,099 ) Net premiums written $ 124,132 $ 82,749 Premiums Earned: Direct $ 148,846 $ 110,292 Assumed 30,079 20,650 Gross earned 178,925 130,942 Ceded ( 53,162 ) ( 43,099 ) Net premiums earned $ 125,763 $ 87,843

Losses and Loss Adjustment Ex_2

Losses and Loss Adjustment Expenses (Tables)	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Liability for Unpaid Losses and Loss Adjustment Expenses	Activity in the liability for losses and LAE is summarized as follows: Three Months Ended March 31, 2022 2021 Net balance, beginning of period* $ 172,410 $ 141,065 Incurred, net of reinsurance, related to: Current period 70,076 41,920 Prior period 2,628 3,831 Total incurred, net of reinsurance 72,704 45,751 Paid, net of reinsurance, related to: Current period ( 18,796 ) ( 7,596 ) Prior period ( 46,481 ) ( 34,590 ) Total paid, net of reinsurance ( 65,277 ) ( 42,186 ) Net balance, end of period 179,837 144,630 Add: reinsurance recoverable before allowance for 54,955 61,143 Gross balance, end of period $ 234,792 $ 205,773 * Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summary of Segment Information Reconciled to Consolidated Statements of Income	The following tables present segment information reconciled to the Company’s consolidated statements of income. Intersegment transactions are not eliminated from segment results. However, intracompany transactions are eliminated in segment results below. HCPCI Insurance TypTap Real Corporate/ Reclassification/ For Three Months Ended March 31, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 119,305 $ 60,622 $ — $ — $ ( 1,002 ) $ 178,925 Premiums ceded ( 36,953 ) ( 16,933 ) — — 724 ( 53,162 ) Net premiums earned 82,352 43,689 — — ( 278 ) 125,763 Net (loss) income from investment portfolio ( 1,457 ) ( 16 ) — 316 135 ( 1,022 ) Policy fee income 654 403 — — — 1,057 Other 1,247 469 2,403 836 ( 3,713 ) 1,242 Total revenue 82,796 44,545 2,403 1,152 ( 3,856 ) 127,040 Expenses: Losses and loss adjustment expenses 43,995 28,988 — — ( 279 ) 72,704 Amortization of deferred policy acquisition costs 19,102 9,422 — — — 28,524 Other policy acquisition expenses 663 283 — — — 946 Stock-based compensation expense 1,144 885 — 2,308 — 4,337 Interest expense — 200 227 374 ( 200 ) 601 Depreciation and amortization 114 561 605 172 ( 623 ) 829 Personnel and other operating expenses 7,318 7,493 1,307 1,734 ( 2,754 ) 15,098 Total expenses 72,336 47,832 2,139 4,588 ( 3,856 ) 123,039 Income (loss) before income taxes $ 10,460 $ ( 3,287 ) $ 264 $ ( 3,436 ) $ — $ 4,001 Total revenue from non-affiliates (d) $ 81,733 $ 44,823 $ 2,064 $ 449 Gross premiums written $ 91,141 $ 86,153 (a) Other revenue under real estate primarily consisted of rental income from investment properties. (b) Other revenue under corporate and other primarily consisted of revenue from marina business. (c) Gross premiums earned consist of $ 118,303 from HCPCI and $ 1,002 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. HCPCI Insurance TypTap Real Corporate/ Reclassification/ For Three Months Ended March 31, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 104,521 $ 28,811 $ — $ — $ ( 2,390 ) $ 130,942 Premiums ceded ( 35,980 ) ( 9,509 ) — — 2,390 ( 43,099 ) Net premiums earned 68,541 19,302 — — — 87,843 Net income from investment portfolio 880 336 — 1,495 2,727 5,438 Policy fee income 712 258 — — — 970 Other 521 175 5,134 560 ( 5,767 ) 623 Total revenue 70,654 20,071 5,134 2,055 ( 3,040 ) 94,874 Expenses: Losses and loss adjustment expenses 33,439 12,312 — — — 45,751 Amortization of deferred policy acquisition costs 12,747 4,637 — — — 17,384 Other policy acquisition expenses 4,824 1,041 — — ( 184 ) 5,681 Stock-based compensation expense 761 367 — 1,214 — 2,342 Interest expense — 90 482 1,752 ( 245 ) 2,079 Depreciation and amortization 20 288 587 176 ( 633 ) 438 Personnel and other operating expenses 5,058 5,122 1,201 1,694 ( 1,978 ) 11,097 Total expenses 56,849 23,857 2,270 4,836 ( 3,040 ) 84,772 Income (loss) before income taxes $ 13,805 $ ( 3,786 ) $ 2,864 $ ( 2,781 ) $ — $ 10,102 Total revenue from non-affiliates (d) $ 70,200 $ 20,379 $ 4,795 $ 1,524 Gross premiums written $ 80,988 $ 44,890 (a) Other revenue under real estate primarily consisted of rental income from investment properties. (b) Other revenue under corporate and other primarily consisted of revenue from marina business. (c) Gross premiums earned consist of $ 102,131 from HCPCI and $ 2,390 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
Summary of Segment Assets Reconciled to Consolidated Balance Sheet	The following table presents segment assets reconciled to the Company’s total assets on the consolidated balance sheets: March 31, December 31, 2022 2021 Segments: HCPCI Insurance Operations $ 637,294 $ 676,509 TypTap Group 403,557 369,600 Real Estate Operations 128,067 127,651 Corporate and Other 74,145 65,349 Consolidation and Elimination ( 67,813 ) ( 62,252 ) Total assets $ 1,175,250 $ 1,176,857

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Disclosure Of Leases [Abstract]
Disclosure of right-of-use assets and liabilities for operating and finance leases	The table below summarizes the Company’s right-of-use (“ROU”) assets and corresponding liabilities for operating and finance leases: March 31, December 31, 2022 2021 Operating leases: ROU Assets $ 2,673 $ 2,204 Liabilities $ 2,662 $ 2,203 Finance leases: ROU Assets $ 86 $ 86 Liabilities $ 26 $ 31
Disclosure of operating and finance leases of lessee	The following table summarizes the Company’s operating and finance leases in which the Company is a lessee: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office equipment 1 to 51 months Yes (a), (b) Office space 3 to 9 years Yes (b), (c) Finance lease: Office equipment 3 to 5 years Not applicable (d) (a) At the end of the lease term, the Company can purchase the equipment at fair market value. (b) There are no variable lease payments. (c) Rent escalation provisions exist. (d) There is a bargain purchase option.
Disclosure of lease liabilities maturities	As of March 31, 2022, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following March 31, 2022 $ 1,509 $ 17 2023 565 9 2024 101 1 2025 106 — 2026 112 — Thereafter 481 — Total lease payments 2,874 27 Less: interest 212 1 Total lease obligations $ 2,662 $ 26
Disclosure of quantitative information of operating and finance leases	The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended March 31, 2022 2021 Lease costs: Finance lease costs: Amortization – ROU assets* $ 5 $ 4 Interest expense — 1 Operating lease costs* 374 454 Short-term lease costs* 110 37 Total lease costs $ 489 $ 496 Cash paid for amounts included in the Operating cash flows – finance leases $ — $ 1 Operating cash flows – operating leases $ 372 $ 458 Financing cash flows – finance leases $ 5 $ 4 March 31, 2022 Weighted-average remaining lease term: Finance leases (in years) 2.8 Operating leases (in years) 4.4 Weighted-average discount rate: Finance leases (%) 3.5 % Operating leases (%) 3.1 % * Included in other operating expenses on the consolidated statements of income.
Disclosure of operating leases of lessor entity	The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office space 1 to 3 years Yes (e) Retail space 3 to 20 years Yes (e) Boat docks/wet slips 1 to 12 months Yes (e) (e) There are no purchase options.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of Numerator and Denominator of Basic and Diluted Earnings Per Common Share	A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below: Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Income Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income $ 2,791 $ 6,845 Less: Net income attributable to redeemable ( 2,248 ) ( 794 ) Less: TypTap Group’s net loss attributable 360 97 Net income attributable to HCI 903 6,148 Less: Income attributable to participating ( 52 ) ( 18 ) Basic Earnings Per Share: Income allocated to common stockholders 851 9,479 $ 0.09 6,130 7,474 $ 0.82 Effect of Dilutive Securities: Stock options — 135 — 96 Convertible senior notes* — — 1,312 2,288 Warrants — 153 — 72 Diluted Earnings Per Share: Income available to common stockholders $ 851 9,767 $ 0.09 $ 7,442 9,930 $ 0.75 (a) Shares in thousands. * For the three months ended March 31, 2022, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Summary of Activity of Redeemable Noncontrolling Interest	The following table summarizes the activity of redeemable noncontrolling interest during the three months ended March 31, 2022 and 2021: 2022 2021 Balance at January 1 $ 89,955 $ — Initial proceeds from Centerbridge — 100,000 Increase (decrease): Proceeds allocated to warrants* — ( 9,217 ) Issuance costs — ( 6,262 ) Issuance costs allocated to warrants* — 577 Accrued cash dividends 1,342 458 Accretion - increasing dividend rates 906 336 Dividends paid ( 2,508 ) — Balance at March 31 $ 89,695 $ 85,892 *Net decrease related to warrants of $ 8,640 .

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of Company's Stock Option Plan Activity	A summary of the stock option activity for the three months ended March 31, 2022 and 2021 is as follows (option amounts not in thousands): Weighted Weighted Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term Value Outstanding at January 1, 2022 440,000 $ 45.25 6.6 years $ 18,119 Outstanding at March 31, 2022 440,000 $ 45.25 6.3 years $ 10,494 Exercisable at March 31, 2022 357,500 $ 44.23 6.0 years $ 8,891 Outstanding at January 1, 2021 440,000 $ 45.25 7.6 years $ 3,113 Outstanding at March 31, 2021 440,000 $ 45.25 7.3 years $ 13,464 Exercisable at March 31, 2021 275,000 $ 43.40 6.8 years $ 8,924
Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan	Information with respect to the activity of unvested restricted stock awards during the three months ended March 31, 2022 and 2021 is as follows: Number of Weighted Restricted Average Stock Grant Date Awards Fair Value Nonvested at January 1, 2022 679,997 $ 39.72 Granted 4,000 $ 70.58 Vested ( 50,667 ) $ 50.68 Forfeited ( 3,265 ) $ 45.85 Nonvested at March 31, 2022 630,065 $ 39.00 Nonvested at January 1, 2021 423,787 $ 43.79 Granted 548,086 $ 36.95 Vested ( 41,250 ) $ 42.18 Cancelled ( 141,600 ) $ 43.76 Forfeited ( 2,050 ) $ 45.67 Nonvested at March 31, 2021 786,973 $ 39.11
Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock	The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three months ended March 31, 2022 and 2021. Three Months Ended March 31, 2022 2021 Deferred tax benefits recognized (derecognized) $ 652 $ ( 36 ) Tax benefits realized for restricted stock and $ 402 $ 55 Fair value of vested restricted stock $ 2,568 $ 1,740

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022
Nature Of Operations [Line Items]
Commission percentage on aggregate replacement premium	6.00%
United [Member] | HCPCI [Member]
Nature Of Operations [Line Items]
Quota share reinsurance percentage	85.00%
Deferred policy acquisition costs, percentage of provisional ceding commission of premium	25.00%
Percentage of maximum potential acquisition costs in reinsured business	32.00%
Rate of Cost Allowance	9.00%
United [Member] | Renewal Rights Agreement [Member]
Nature Of Operations [Line Items]
Commission percentage on aggregate replacement premium	6.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Summary Of Significant Accounting Policies [Line Items]
Other	$ 1,242	$ 623
Other assets	17,313		$ 14,717
Claims handling services
Summary Of Significant Accounting Policies [Line Items]
Other	1,007
Other assets	$ 248		$ 314

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash - Summary of Cash, Cash Equivalents, and Restricted Cash (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 569,040	$ 628,943
Restricted cash	2,400	2,400
Total	$ 571,440	$ 631,343

Investments - Summary of Amorti

Investments - Summary of Amortized Cost, Allowance for Credit Loss, Gross Unrealized Gains and Losses, and Estimated Fair Value of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	$ 153,776	$ 41,953
Allowance for Credit Loss	0	0	$ (579)	$ (588)
Fixed-maturity securities, Gross Unrealized Gain	205	789
Fixed-maturity securities, Gross Unrealized Loss	(3,297)	(159)
Fixed-maturity securities, Estimated Fair Value	150,684	42,583
Fixed-Maturity Securities [Member] | U.S. Treasury and U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	130,261	17,046
Fixed-maturity securities, Gross Unrealized Gain	4	64
Fixed-maturity securities, Gross Unrealized Loss	(3,048)	(86)
Fixed-maturity securities, Estimated Fair Value	127,217	17,024
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	20,947	21,913
Fixed-maturity securities, Gross Unrealized Gain	161	632
Fixed-maturity securities, Gross Unrealized Loss	(247)	(53)
Fixed-maturity securities, Estimated Fair Value	20,861	22,492
Fixed-Maturity Securities [Member] | State, Municipalities, and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	1,760	1,759
Fixed-maturity securities, Gross Unrealized Gain	16	49
Fixed-maturity securities, Estimated Fair Value	1,776	1,808
Fixed-Maturity Securities [Member] | Exchange-Traded Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	701	767
Fixed-maturity securities, Gross Unrealized Gain	24	44
Fixed-maturity securities, Gross Unrealized Loss	(1)
Fixed-maturity securities, Estimated Fair Value	724	811
Fixed-Maturity Securities [Member] | Redeemable Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	107	468
Fixed-maturity securities, Gross Unrealized Gain	0	0
Fixed-maturity securities, Gross Unrealized Loss	(1)	(20)
Fixed-maturity securities, Estimated Fair Value	$ 106	$ 448

Investments - Scheduled Contrac

Investments - Scheduled Contractual Maturities of Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Cost or Amortized Cost	$ 10,232	$ 10,734
Due after one year through five years, Cost or Amortized Cost	139,407	19,222
Due after five years through ten years, Cost or Amortized Cost	3,643	11,503
Due after ten years, Cost or Amortized Cost	494	494
Fixed-maturity securities, Cost or Amortized Cost	153,776	41,953
Due in one year or less, Estimated Fair Value	10,259	10,826
Due after one year through five years, Estimated Fair Value	136,546	19,820
Due after five years through ten years, Estimated Fair Value	3,365	11,403
Due after ten years, Estimated Fair Value	514	534
Estimated Fair Value Total	$ 150,684	$ 42,583

Investments - Summary of Sales

Investments - Summary of Sales of Available-for-sale Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 9,058	$ 36
Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Proceeds	9,058	36
Gross Realized Gains	2	1
Gross Realized Losses	$ (431)	$ 0

Investments - Summary of Securi

Investments - Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	$ (3,213)	$ (146)
Estimated Fair Value, Less than Twelve Months	130,470	14,703
Gross Unrealized Loss, Twelve Months or Longer	(84)	(13)
Estimated Fair Value, Twelve Months or Longer	2,062	616
Gross Unrealized Loss, Total	(3,297)	(159)
Estimated Fair Value, Total	132,532	15,319
U.S. Treasury and U.S. Government Agencies [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(2,964)	(73)
Estimated Fair Value, Less than Twelve Months	123,394	9,809
Gross Unrealized Loss, Twelve Months or Longer	(84)	(13)
Estimated Fair Value, Twelve Months or Longer	2,062	616
Gross Unrealized Loss, Total	(3,048)	(86)
Estimated Fair Value, Total	125,456	10,425
Corporate Bonds [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(247)	(53)
Estimated Fair Value, Less than Twelve Months	6,945	4,452
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(247)	(53)
Estimated Fair Value, Total	6,945	4,452
Exchange-Traded Debt [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(1)
Estimated Fair Value, Less than Twelve Months	25
Gross Unrealized Loss, Twelve Months or Longer	0
Estimated Fair Value, Twelve Months or Longer	0
Gross Unrealized Loss, Total	(1)
Estimated Fair Value, Total	25
Redeemable Preferred Stock [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(1)	(20)
Estimated Fair Value, Less than Twelve Months	106	442
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(1)	(20)
Estimated Fair Value, Total	$ 106	$ 442

Investments (Other-than-tempora

Investments (Other-than-temporary Impairment) - Additional Information (Detail) - Security	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Number of securities in an unrealized loss position	46	23

Investments - Summary of Allowa

Investments - Summary of Allowance for Credit Losses of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Beginning Balance	$ 0	$ 588
Reductions for securities sold	0	9
Ending Balance	$ 0	$ 579

Investments - Summary of Amor_2

Investments - Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Equity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Cost	$ 39,316	$ 46,276
Gross Unrealized Gain	3,561	6,335
Gross Unrealized Loss	(1,673)	(871)
Estimated Fair Value	$ 41,204	$ 51,740

Investments - Summary of Unreal

Investments - Summary of Unrealized Gains and Losses in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Gain (Loss) on Securities [Line Items]
Net unrealized (losses) gains recognized	$ (3,576)	$ (269)
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Net (losses) gains recognized	(3,542)	467
Exclude: Net realized gains (losses) recognized for securities sold	$ 34	$ 736

Investments - Summary of Procee

Investments - Summary of Proceeds Received and The Gross Realized Gains and Losses From Sales of Equity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	$ 18,369	$ 34,378
Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	18,369	34,378
Gross Realized Gains	1,420	1,142
Gross Realized Losses	$ (1,386)	$ (406)

Investments - Schedule of Compa

Investments - Schedule of Company's Investments in Limited Partnerships (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Investment Securities [Line Items]
Carrying Value	$ 28,166	$ 28,133
Unfunded Balance	7,750	11,073
Private US Lower Middle Market Companies [Member]
Investment Securities [Line Items]
Carrying Value	5,335	6,076
Unfunded Balance	$ 0	$ 2,085
Percentage investment held by the entity	15.37%	15.37%
Bank Loans Public and Private Corporate Bonds Asset Backed Securities Equity and Debt Restructuring [Member]
Investment Securities [Line Items]
Carrying Value	$ 3,410	$ 3,423
Unfunded Balance	$ 0	$ 0
Percentage investment held by the entity	1.67%	1.69%
Power Utility and Energy Industries and Infrastructure [Member]
Investment Securities [Line Items]
Carrying Value	$ 6,704	$ 6,270
Unfunded Balance	$ 0	$ 1,401
Percentage investment held by the entity	0.18%	0.18%
Senior and Junior Debts of Private Equity-Backed Companies [Member]
Investment Securities [Line Items]
Carrying Value	$ 4,030	$ 4,437
Unfunded Balance	$ 0	$ 0
Percentage investment held by the entity	0.57%	0.57%
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Investment Securities [Line Items]
Carrying Value	$ 6,719	$ 5,977
Unfunded Balance	$ 4,548	$ 4,537
Percentage investment held by the entity	1.34%	1.36%
Credit and Equity Investments, Primarily in Private Equity-Owned Companies [Member]
Investment Securities [Line Items]
Carrying Value	$ 1,968	$ 1,950
Unfunded Balance	$ 3,202	$ 3,050
Percentage investment held by the entity	0.47%	0.47%

Investments - Schedule of Com_2

Investments - Schedule of Company's Investments in Limited Partnerships (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022
Private US Lower Middle Market Companies [Member]
Schedule Of Investments [Line Items]
Expected term	10 years
Bank Loans Public and Private Corporate Bonds Asset Backed Securities Equity and Debt Restructuring [Member]
Schedule Of Investments [Line Items]
Investment additional maturity term	2 years
Power Utility and Energy Industries and Infrastructure [Member]
Schedule Of Investments [Line Items]
Expected term	10 years
Investment additional maturity term	3 years
Senior and Junior Debts of Private Equity-Backed Companies [Member]
Schedule Of Investments [Line Items]
Expected term	6 years
Investment additional maturity term	2 years
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Schedule Of Investments [Line Items]
Expected term	8 years
Credit and Equity Investments, Primarily in Private Equity-Owned Companies [Member]
Schedule Of Investments [Line Items]
Expected term	8 years

Investments - Summary of Unaudi

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Limited Partnerships (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Total income	$ 127,040	$ 94,874
Net income	2,791	6,845
Balance sheet:
Total assets	1,175,250		$ 1,176,857
Total liabilities	763,527		762,399
Limited Partnership [Member]
Schedule Of Equity Method Investments [Line Items]
Total income	336,828	(10,948)
Total expenses	(49,317)	(55,512)
Net income	287,511	$ (66,460)
Balance sheet:
Total assets	5,988,314		5,855,616
Total liabilities	$ 603,967		$ 564,732

Investments (Limited Partnershi

Investments (Limited Partnership Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule Of Investments [Line Items]
Recognized investment income (loss)	$ 1,780	$ 787
Return on investment	811	478
Limited Partnership [Member]
Schedule Of Investments [Line Items]
Cash distributions	1,596	2,024
Return on investment	811	$ 478
Company's net cumulative contributed capital to the partnership	27,435		$ 28,371
Maximum exposure loss relating to VIE	$ 28,166		$ 28,133

Investments (Investment in Unco

Investments (Investment in Unconsolidated Joint Venture) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule Of Investments [Line Items]
Return on investment	$ 811	$ 478
FMKT Mel JV, LLC [Member]
Schedule Of Investments [Line Items]
Maximum exposure loss relating to VIE	350		$ 363
Undistributed gain (loss) after equity distribution	0		$ 0
Cash distributions	$ 0	$ 0

Investments - Summary of Unau_2

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Joint Venture (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating results:
Total revenues	$ 127,040	$ 94,874
Net income	2,791	6,845
The Company’s share of net loss*	(13)	(25)
Balance sheet:
Other	17,313		$ 14,717
Total assets	1,175,250		1,176,857
Other liabilities	24,418		31,485
Total liabilities, redeemable noncontrolling interest and equity	1,175,250		1,176,857
Investment in unconsolidated joint venture, at equity	350		363
Unconsolidated Joint Venture [Member]
Balance sheet:
Property and equipment, net	353		357
Cash	21		29
Other	18		18
Total assets	392		404
Other liabilities	2		0
Members’ capital	390		404
Total liabilities, redeemable noncontrolling interest and equity	392		$ 404
Unconsolidated Joint Venture [Member] | FMKT Mel JV, LLC [Member]
Operating results:
Total revenues	0	0
Total expenses	(14)	(28)
Net income	(14)	(28)
Operating Expense [Member] | FMKT Mel JV, LLC [Member]
Operating results:
The Company’s share of net loss*	$ (13)	$ (25)

Investments - Summary of Unau_3

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Joint Venture (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022
Unconsolidated Joint Venture [Member]
Variable Interest Entity [Line Items]
Percentage of operating results	90.00%

Investments - Summary of Real E

Investments - Summary of Real Estate Investment (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Land	$ 39,720	$ 39,720
Land improvements	11,917	11,917
Buildings and building improvements	29,410	29,405
Tenant and leasehold improvements	1,532	1,511
Other	1,236	1,265
Total, at cost	83,815	83,818
Less: accumulated depreciation and amortization	(10,428)	(9,922)
Real estate investments	$ 73,387	$ 73,896

Investments (Real Estate Invest

Investments (Real Estate Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Investments [Line Items]
Depreciation and amortization expenses under real estate investments	$ 829	$ 438
Real Estate Investments [Member]
Schedule Of Investments [Line Items]
Depreciation and amortization expenses under real estate investments	$ 506	$ 491

Investments - Investment (Loss)

Investments - Investment (Loss) Income Summarized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Investments [Line Items]
Recognized investment income (loss)	$ 1,780	$ 787
Real estate investments	347	2,997
Net investment income	2,868	4,594
Available-for-Sale-Fixed-Maturity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	448	441
Equity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	287	352
Limited Partnership Investment [Member]
Schedule Of Investments [Line Items]
Recognized investment income (loss)	1,780	787
Cash and Cash Equivalents [Member]
Schedule Of Investments [Line Items]
Investment income	153	168
Investment Expense [Member]
Schedule Of Investments [Line Items]
Investment expense	(134)	(126)
Net income (loss) from unconsolidated joint venture [Member]
Schedule Of Investments [Line Items]
Investment income	$ (13)	$ (25)

Investments (Investment (Loss)

Investments (Investment (Loss) Income Summarized) - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Investments, Debt and Equity Securities [Abstract]
Net gain from legal settlement of real estate investments	$ 2,790

Investments (Other Investments)

Investments (Other Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Investments [Member]
Schedule Of Investments [Line Items]
Net realized gains (Losses)	$ 81	$ 375

Comprehensive Income (Loss) - S

Comprehensive Income (Loss) - Schedule of Components of Other Comprehensive Income or Loss and Related Tax Effects Allocated to Each Component (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Before Tax
Net unrealized losses	$ (4,151)	$ (182)
Call and repayment gains charged to investment income	0	(2)
Reclassification adjustment for net realized losses (gains)	429	(1)
Total other comprehensive loss	(3,722)	(185)
Income Tax Effect
Net unrealized losses	(1,047)	(45)
Call and repayment gains charged to investment income	0	0
Reclassification adjustment for realized losses (gains)	109	0
Total other comprehensive loss	(938)	(45)
Net of Tax
Net unrealized losses	(3,104)	(137)
Call and repayment gains charged to investment income	0	(2)
Reclassification adjustment for realized losses (gains)	320	(1)
Total other comprehensive loss, net of income taxes	$ (2,784)	$ (140)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Money Market Funds and Certificate Of Deposit Maturity Period	90 days

Fair Value Measurements - Compo

Fair Value Measurements - Components of Long-Term Debt and Methods Used in Estimating Fair Values (Detail)	3 Months Ended
	Mar. 31, 2022
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2037
Valuation Methodology	Quoted price
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2032
Valuation Methodology	Discounted cash flow method/Level 3 inputs
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2036
Valuation Methodology	Discounted cash flow method/Level 3 inputs
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2036
Valuation Methodology	Discounted cash flow method/Level 3 inputs

Fair Value Measurements - Com_2

Fair Value Measurements - Components of Long-Term Debt and Methods Used in Estimating Fair Values (Parenthetical) (Detail)	Mar. 31, 2022
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.90%
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.75%
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.55%

Fair Value Measurements - Avail

Fair Value Measurements - Available-for-Sale Securities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets:
Restricted cash	$ 2,400	$ 2,400
Debt Securities, Available-for-sale	150,684	42,583
Equity Securities, FV-NI, Current	41,204	51,740
Fair Value, Measurements, Recurring [Member]
Financial Assets:
Cash and cash equivalents	569,040	628,943
Restricted cash	2,400	2,400
Debt Securities, Available-for-sale	150,684	42,583
Equity Securities, FV-NI, Current	41,204	51,740
Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	569,040	628,943
Restricted cash	2,400	2,400
Debt Securities, Available-for-sale	147,466	39,287
Equity Securities, FV-NI, Current	41,204	51,740
Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-sale	3,218	3,296
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	127,217	17,024
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	125,775	15,536
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-sale	1,442	1,488
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	20,861	22,492
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	20,861	22,492
State, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	1,776	1,808
State, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-sale	1,776	1,808
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	724	811
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	724	811
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	106	448
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	$ 106	$ 448

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Liabilities:
Revolving credit facility	$ 15,000	$ 15,000
Total long-term debt	45,295	45,504
Carrying Value [Member]
Financial Liabilities:
Revolving credit facility	15,000	15,000
Total long-term debt	45,269	45,473
Carrying Value [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	23,916	23,885
Carrying Value [Member] | 3.90% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	9,203	9,287
Carrying Value [Member] | 3.75% Callable Promissory Note
Financial Liabilities:
Total long-term debt	7,063	7,153
Carrying Value [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	5,087	5,148
Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Revolving credit facility	15,000	15,000
Total long-term debt	49,085	57,639
Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Revolving credit facility	15,000	15,000
Total long-term debt	27,111	33,248
Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	21,974	24,391
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	27,111	33,248
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	27,111	33,248
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	9,455	10,488
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	9,455	10,488
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note
Financial Liabilities:
Total long-term debt	7,132	7,852
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	7,132	7,852
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	5,387	6,051
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	$ 5,387	$ 6,051

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Consolidated Balance Sheets (Parenthetical) (Detail)	Mar. 31, 2022	Dec. 31, 2021
4.25% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%
3.90% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.90%
4.55% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.55%
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.90%	3.90%
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.75%	3.75%
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.55%	4.55%

Intangible Assets, Net - Detail

Intangible Assets, Net - Details of Intangible Assets, Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite Lived Intangible Assets [Line Items]
Total, at cost	$ 18,674	$ 13,805
Less: accumulated amortization	(3,569)	(3,169)
Intangible assets, net	15,105	10,636
Anchor Tenant Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	1,761	1,761
In-Place Leases [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	4,215	4,215
Policy Renewal Rights [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	12,384	7,634
Non Compete Agreement [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	$ 314	$ 195

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 195
Anchor Tenant Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	12 years 2 months 12 days
In-Place Leases [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	9 years 10 months 24 days
Policy Renewal Rights [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	3 years 10 months 24 days
Non Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	1 year 1 month 6 days

Intangible Assets, Net - Sche_2

Intangible Assets, Net - Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022
Policy Renewal Rights [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	3 years 10 months 24 days

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Finite Lived Intangible Assets [Line Items]
Intangible assets, net	$ 15,105	$ 10,636
Amortization of intangible assets expected beginning date	Jun. 1, 2022
Commission percentage on aggregate replacement premium	6.00%
Contingent consideration payable	$ 1,069		$ 2,419
Renewal rights commission prepaid up-front	3,800
Other Liabilities [Member]
Finite Lived Intangible Assets [Line Items]
Contingent liability	1,069
Renewal Rights and Non-compete Agreement [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, net	$ 4,869

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Benefits receivable related to retrospective reinsurance contracts	$ 4,548	$ 3,064
Reimbursement receivable under TPA service	4,651	3,525
Prepaid expenses	2,734	2,853
Deposits	482	406
Lease acquisition costs, net	557	505
Other	4,341	4,364
Total other assets	$ 17,313	$ 14,717

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Line of Credit Facility [Line Items]
Interest Expense	$ 601	$ 2,079
Revolving credit facility	15,000		$ 15,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest Expense	89	104
Amortization of Debt Issuance Costs	25	$ 25
Revolving credit facility	$ 15,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total principal amount	$ 45,600	$ 45,849
Finance Lease, Liability	26	31
Less: unamortized discount and issuance costs	(305)	(345)
Total long-term debt	45,295	45,504
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total principal amount	23,916	23,916
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	9,343	9,431
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	7,153	7,246
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	$ 5,162	$ 5,225

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%
Debt instrument, maturity date	Mar. 1, 2037
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.90%
Debt instrument, maturity date	Apr. 1, 2032
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.75%
Debt instrument, maturity date	Sep. 1, 2036
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.55%
Debt instrument, maturity date	Aug. 1, 2036
Finance Lease Liabilities [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 15, 2024

Long-Term Debt (Convertible Sen

Long-Term Debt (Convertible Senior Notes) - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022$ / shares	Mar. 31, 2021$ / shares
Debt Instrument [Line Items]
Cash dividends on common stock	$ 0.40	$ 0.40
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%
Convertible debt, conversion ratio	16.4853
Convertible debt, conversion price	$ 60.66
4.25% Convertible Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash dividends on common stock	$ 0.35

Long-Term Debt - Summary of Fut

Long-Term Debt - Summary of Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Long-term Debt, Rolling Maturity [Abstract]
2022	$ 1,017
2023	1,050
2024	1,086
2025	1,129
2026	25,091
Thereafter	16,227
Total	$ 45,600	$ 45,849

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense Related to Long-Term Debt (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest Expense, Debt [Abstract]
Contractual interest	$ 472	$ 1,707
Non-cash expense	40	268
Total	$ 512	$ 1,975

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)Reinsurer	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)Reinsurer
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of ceding commission on ceded premiums written	30.00%
Percentage of profit commission equal to net profit	10.00%
Reinsurance recoverable	$ 69,596		$ 76,650
Ceded losses recognized as a reduction in losses and loss adjustment expenses	870	$ 107
Decrease in credit loss expense	11	12
Allowances for credit losses related to the reinsurance recoverable balance	79		90
Reduction in premiums ceded	1,484	4,680
Other assets	17,313		14,717
Funds withheld for assumed business	84,068		73,716
Assumed premiums written	5,313	15,717
Premiums receivable	39,890		68,157
Reinsurance payable on paid losses and loss adjustment expenses	6,657		4,017
United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Funds withheld for assumed business	84,068		73,716
Northeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	4,305		4,486
Assumed premiums written	(6,849)	$ 15,717
Premiums receivable	2,303		66
Ceding commission payable	1,418		535
Reinsurance payable on paid losses and loss adjustment expenses	5,190		4,017
Southeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Assumed premiums written	12,162
Cost allowance	949		3,181
Net amount receivable	1,178		23,325
Premiums receivable	4,792
Ceding commission payable	1,198		8,835
Reinsurance payable on paid losses and loss adjustment expenses	1,467
Reinsurance [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Other assets	$ 4,548		$ 3,064
Fifty Five Reinsurers [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurer	55		55
Reinsurance Recoverable [Member] | Reinsurer Concentration Risk [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurer	3
Reinsurance Recoverable [Member] | Reinsurer Concentration Risk [Member] | Reinsurance [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of gross reinsurance recoverable major reinsurers	66.10%

Reinsurance - Impact of the Rei

Reinsurance - Impact of the Reinsurance Contracts on Premiums Written and Earned (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Premiums Written:
Direct	$ 171,981	$ 110,131
Assumed	5,313	15,717
Gross written	177,294	125,848
Ceded	(53,162)	(43,099)
Net premiums written	124,132	82,749
Premiums Earned:
Direct	148,846	110,292
Assumed	30,079	20,650
Gross premiums earned	178,925	130,942
Ceded	(53,162)	(43,099)
Net premiums earned	$ 125,763	$ 87,843

Losses and Loss Adjustment Ex_3

Losses and Loss Adjustment Expenses - Losses and LAE (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net balance, beginning of period*	$ 172,410	$ 141,065
Incurred, net of reinsurance, related to:
Current period	70,076	41,920
Prior period	2,628	3,831
Total incurred, net of reinsurance	72,704	45,751
Paid, net of reinsurance, related to:
Current period	(18,796)	(7,596)
Prior period	(46,481)	(34,590)
Total paid, net of reinsurance	(65,277)	(42,186)
Net balance, end of period	179,837	144,630
Add: reinsurance recoverable before allowance for credit losses	54,955	61,143
Gross balance, end of period	$ 234,792	$ 205,773	$ 237,165

Losses and Loss Adjustment Ex_4

Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses overall development	$ 2,628	$ 3,831
Current year claims and claims adjustment expense	70,076	$ 41,920
Weather Events [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Current year claims and claims adjustment expense	6,121
United [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Current year claims and claims adjustment expense	12,961
United [Member] | TypTap [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Current year claims and claims adjustment expense	2,055
Accident Year 2021 and Prior [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses overall development	$ 2,628

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Number of operating divisions	4
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | TypTap [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	28.30%	17.20%
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	69.80%	77.70%
Assets [Member] | Segment Concentration Risk [Member] | TypTap [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	32.30%		29.30%
Assets [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	55.60%		58.70%

Segment Information - Summary o

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue:
Gross premiums earned	$ 178,925	$ 130,942
Premiums ceded	(53,162)	(43,099)
Net premiums earned	125,763	87,843
Net income (loss) from investment portfolio	(1,022)	5,438
Policy fee income	1,057	970
Other	1,242	623
Total revenue	127,040	94,874
Expenses:
Losses and loss adjustment expenses	72,704	45,751
Amortization of deferred policy acquisition costs	28,524	17,384
Other policy acquisition expenses	946	5,681
Stock-based compensation expense	4,337	2,342
Interest expense	601	2,079
Depreciation and amortization	829	438
Personnel and other operating expenses	15,098	11,097
Total expenses	123,039	84,772
Income before income taxes	4,001	10,102
Gross premiums written	177,294	125,848
Operating Segments [Member] | HCPCI Insurance Operations [Member]
Revenue:
Gross premiums earned	119,305	104,521
Premiums ceded	(36,953)	(35,980)
Net premiums earned	82,352	68,541
Net income (loss) from investment portfolio	(1,457)	880
Policy fee income	654	712
Other	1,247	521
Total revenue	82,796	70,654
Expenses:
Losses and loss adjustment expenses	43,995	33,439
Amortization of deferred policy acquisition costs	19,102	12,747
Other policy acquisition expenses	663	4,824
Stock-based compensation expense	1,144	761
Interest expense
Depreciation and amortization	114	20
Personnel and other operating expenses	7,318	5,058
Total expenses	72,336	56,849
Income before income taxes	10,460	13,805
Total revenue from non-affiliates	81,733	70,200
Gross premiums written	91,141	80,988
Operating Segments [Member] | Real Estate Operations [Member]
Revenue:
Other	2,403	5,134
Total revenue	2,403	5,134
Expenses:
Interest expense	227	482
Depreciation and amortization	605	587
Personnel and other operating expenses	1,307	1,201
Total expenses	2,139	2,270
Income before income taxes	264	2,864
Total revenue from non-affiliates	2,064	4,795
Operating Segments [Member] | Corporate and Other [Member]
Revenue:
Net income (loss) from investment portfolio	316	1,495
Other	836	560
Total revenue	1,152	2,055
Expenses:
Stock-based compensation expense	2,308	1,214
Interest expense	374	1,752
Depreciation and amortization	172	176
Personnel and other operating expenses	1,734	1,694
Total expenses	4,588	4,836
Income before income taxes	(3,436)	(2,781)
Total revenue from non-affiliates	449	1,524
Operating Segments [Member] | TypTap [Member]
Revenue:
Gross premiums earned	60,622	28,811
Premiums ceded	(16,933)	(9,509)
Net premiums earned	43,689	19,302
Net income (loss) from investment portfolio	(16)	336
Policy fee income	403	258
Other	469	175
Total revenue	44,545	20,071
Expenses:
Losses and loss adjustment expenses	28,988	12,312
Amortization of deferred policy acquisition costs	9,422	4,637
Other policy acquisition expenses	283	1,041
Stock-based compensation expense	885	367
Interest expense	200	90
Depreciation and amortization	561	288
Personnel and other operating expenses	7,493	5,122
Total expenses	47,832	23,857
Income before income taxes	(3,287)	(3,786)
Total revenue from non-affiliates	44,823	20,379
Gross premiums written	86,153	44,890
Intersegment Eliminations [Member]
Revenue:
Gross premiums earned	(1,002)	(2,390)
Premiums ceded	724	2,390
Net premiums earned	(278)
Net income (loss) from investment portfolio	135	2,727
Other	(3,713)	(5,767)
Total revenue	(3,856)	(3,040)
Expenses:
Losses and loss adjustment expenses	(279)
Other policy acquisition expenses		(184)
Interest expense	(200)	(245)
Depreciation and amortization	(623)	(633)
Personnel and other operating expenses	(2,754)	(1,978)
Total expenses	$ (3,856)	$ (3,040)

Segment Information - Summary_2

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Gross premiums earned	$ 178,925	$ 130,942
Reinsurance [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	1,002	2,390
HCPCI [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	$ 118,303	$ 102,131

Segment Information - Summary_3

Segment Information - Summary of Segment Assets Reconciled to Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 1,175,250	$ 1,176,857
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(67,813)	(62,252)
HCPCI Insurance Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	637,294	676,509
Real Estate Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	128,067	127,651
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	74,145	65,349
TypTap [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 403,557	$ 369,600

Leases - Summarizes of Right-of

Leases - Summarizes of Right-of-use Assets and Liabilities for Operating and Finance Leases (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating leases:
ROU Assets	$ 2,673	$ 2,204
Lease liabilities - operating leases	$ 2,662	$ 2,203
Finance leases:
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
ROU Assets	$ 86	$ 86
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long Term Debt And Finance Lease Obligations Excluding Line Of Credit	Long Term Debt And Finance Lease Obligations Excluding Line Of Credit
Liabilities	$ 26	$ 31

Leases - Summarizes the Company

Leases - Summarizes the Company's operating and finance leases in which the Company (Detail)	3 Months Ended
	Mar. 31, 2022
Office Equipment [Member]
Operating lease:
Renewal Option	Yes
Office Equipment [Member] | Minimum [Member]
Operating lease:
Initial Term	1 month
Finance lease:
Initial Term	3 years
Office Equipment [Member] | Maximum [Member]
Operating lease:
Initial Term	51 months
Finance lease:
Initial Term	5 years
Office space [Member]
Operating lease:
Renewal Option	Yes
Office space [Member] | Minimum [Member]
Operating lease:
Initial Term	3 years
Office space [Member] | Maximum [Member]
Operating lease:
Initial Term	9 years

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 1,509
2023	565
2024	101
2025	106
2026	112
Thereafter	481
Total lease payments	2,874
Less: interest	212
Total lease obligations	2,662	$ 2,203
2022	17
2023	9
2024	1
2025	0
2026	0
Thereafter	0
Total lease payments	27
Less: interest	1
Total lease obligations	$ 26	$ 31

Leases -The Company's operating

Leases -The Company's operating and finance leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finance lease costs:
Amortization - ROU assets	$ 5	$ 4
Interest expense		1
Operating lease costs	374	454
Short-term lease costs	110	37
Total lease costs	489	496
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – finance leases		1
Operating cash flows – operating leases	372	458
Financing cash flows – finance leases	$ 5	$ 4
Weighted-average remaining lease term:
Finance leases (in years)	2 years 9 months 18 days
Operating leases (in years)	4 years 4 months 24 days
Weighted-average discount rate:
Finance leases	3.50%
Operating leases	3.10%

Leases - Summarizes the Compa_2

Leases - Summarizes the Company's operating leases (Detail)	3 Months Ended
	Mar. 31, 2022
Office space [Member]
Operating lease:
Renewal Option	Yes
Office space [Member] | Minimum [Member]
Operating lease:
Initial Term	1 year
Office space [Member] | Maximum [Member]
Operating lease:
Initial Term	3 years
Retail space [Member]
Operating lease:
Renewal Option	Yes
Retail space [Member] | Minimum [Member]
Operating lease:
Initial Term	3 years
Retail space [Member] | Maximum [Member]
Operating lease:
Initial Term	20 years
Boat docks/wet slips [Member]
Operating lease:
Renewal Option	Yes
Boat docks/wet slips [Member] | Minimum [Member]
Operating lease:
Initial Term	1 month
Boat docks/wet slips [Member] | Maximum [Member]
Operating lease:
Initial Term	12 months

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 1,210	$ 3,257
Effective tax rate	30.20%	32.20%

Earnings Per Share - Summary of

Earnings Per Share - Summary of Numerator and Denominator of Basic and Fully Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 2,791	$ 6,845
Less: Net income attributable to redeemable noncontrolling interest	(2,248)	(794)
Less: TypTap Group's net loss attributable to non-HCI common stockholders and TypTap Group's participating securities	360	97
Net income attributable to HCI	903	6,148
Less: Income attributable to participating securities	(52)	(18)
Basic Earnings Per Share:
Income allocated to common stockholders, Income (Numerator)	$ 851	$ 6,130
Income allocated to common stockholders, Shares (Denominator)	9,479	7,474
Income allocated to common stockholders, Per Share Amount	$ 0.09	$ 0.82
Diluted Earnings Per Share:
Income available to common stockholders and assumed conversions, Income (Numerator)	$ 851	$ 7,442
Income available to common stockholders and assumed conversions, Shares (Denominator)	9,767	9,930
Income available to common stockholders and assumed conversions, Per Share Amount	$ 0.09	$ 0.75
Warrant [Member]
Effect of Dilutive Securities:
Dilutive Securities, Shares (Denominator)	153	72
Convertible Senior Notes [Member]
Effect of Dilutive Securities:
Dilutive Securities, Income (Numerator)		$ 1,312
Dilutive Securities, Shares (Denominator)		2,288
Stock Options [Member]
Effect of Dilutive Securities:
Dilutive Securities, Shares (Denominator)	135	96

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Summary of Activity of Redeemable Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests [Abstract]
Beginning Balance	$ 89,955	$ 0
Initial proceeds from Centerbridge	0	100,000
Increase (decrease):
Proceeds allocated to warrants	0	(9,217)
Issuance costs	0	(6,262)
Issuance costs allocated to warrants	0	577
Accrued cash dividends	1,342	458
Accretion - increasing dividend rates	906	336
Cash dividends paid to redeemable noncontrolling interest	(2,508)	0
Ending Balance	$ 89,695	$ 85,892

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Summary of Activity of Redeemable Noncontrolling Interest (Parenthetical) (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests [Abstract]
Net decrease related to warrants	$ 8,640

Redeemable Noncontrolling Int_5

Redeemable Noncontrolling Interest - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Temporary Equity [Line Items]
Exercise price	$ 54.40
Net income attributable to redeemable noncontrolling interest	$ 2,248	$ 794
Accrued cash dividends	1,342	458
Accretion - increasing dividend rates	$ 906	$ 336

Equity (Common Stock) - Additio

Equity (Common Stock) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jan. 20, 2022	Mar. 31, 2022
Class of Stock [Line Items]
Common stock repurchase authorized amount		$ 20,000
Dividends per common share	$ 0.40
Dividends, date of declared	Jan. 20, 2022
Dividends, date of record	Feb. 18, 2022
Dividends, date of payment	Mar. 18, 2022

Equity (Warrants) - Additional

Equity (Warrants) - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Equity [Abstract]
Warrants	750,000
Debt Conversion, Converted Instrument, Rate	4.25%
Shares delivered under prepaid forward contract	191,100
Exercise price | $ / shares	$ 54.40
Warrants Expiration Date	Feb. 26, 2025

Equity (Noncontrolling Interest

Equity (Noncontrolling Interest) - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 28, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Common stock, outstanding		10,125,927		10,131,399
Purchase of noncontrolling interests		$ (127)	$ 0
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares		6,207	371
TTIG [Member]
Class of Stock [Line Items]
Common stock, outstanding		81,132,790
Common stock shares outstanding not owned by entity		6,132,790
Repurchase and retirement of common stock, shares	21,744
Purchase of noncontrolling interests	$ (127)

Stock-Based Compensation (2012

Stock-Based Compensation (2012 Omnibus Incentive Plan) - Additional Information (Detail)	Mar. 31, 2022shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for grant	1,111,240

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Options) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercisable contractual term	10 years
Options exercised	0	0
Recognized compensation expenses	$ 4,337	$ 2,342
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	184	223
Deferred tax benefits recognized	0	$ 1
Unrecognized compensation expense related to nonvested stock options	$ 821		$ 1,005
Recognition of remaining compensation expense over a weighted-average period	1 year 6 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options maximum vesting period	4 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Company's Stock Option Plan Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, Beginning Balance, Number of Options	440,000	440,000	440,000
Exercised, Number of Options	0	0
Outstanding, Ending Balance, Number of Options	440,000	440,000	440,000	440,000
Exercisable, Number of Options	357,500	275,000
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 45.25	$ 45.25	$ 45.25
Outstanding, Ending Balance, Weighted Average Exercise Price	45.25	45.25	$ 45.25	$ 45.25
Exercisable, Weighted-Average Exercise Price	$ 44.23	$ 43.40
Outstanding, Weighted-Average Remaining Contractual Term	6 years 3 months 18 days	7 years 3 months 18 days	6 years 7 months 6 days	7 years 7 months 6 days
Exercisable, Weighted-Average Remaining Contractual Term	6 years	6 years 9 months 18 days
Outstanding, Aggregate Intrinsic Value	$ 10,494	$ 13,464	$ 18,119	$ 3,113
Exercisable, Aggregate Intrinsic Value	$ 8,891	$ 8,924

Stock Based Compensation - Info

Stock Based Compensation - Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan (Detail) - $ / shares	1 Months Ended	3 Months Ended
	Feb. 28, 2021	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancelled, Number of Restricted Stock Awards	(141,600)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, shares		679,997	423,787
Granted, Number of Restricted Stock Awards		4,000	548,086
Vested, Number of Restricted Stock Awards		(50,667)	(41,250)
Cancelled, Number of Restricted Stock Awards			(141,600)
Forfeited, Number of Restricted Stock Awards		(3,265)	(2,050)
Ending balance, shares		630,065	786,973
Nonvested, Weighted-Average Grant Date Fair Value, Beginning balance		$ 39.72	$ 43.79
Granted, Weighted-Average Grant Date Fair Value		70.58	36.95
Vested, Weighted-Average Grant Date Fair Value		50.68	42.18
Cancelled, Weighted-Average Grant Date Fair Value			43.76
Forfeited, Weighted-Average Grant Date Fair Value		45.85	45.67
Nonvested, Weighted-Average Grant Date Fair Value, Ending balance		$ 39	$ 39.11

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 28, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		$ 4,337	$ 2,342
Number of cancelled shares	141,600
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		3,268	$ 1,905
Unrecognized compensation expense related to nonvested restricted stock		$ 15,859		$ 18,995
Recognition of remaining compensation expense over a weighted-average period		2 years 2 months 12 days
Number of cancelled shares			141,600
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		$ 184	$ 223
Recognition of remaining compensation expense over a weighted-average period		1 year 6 months

Stock-Based Compensation - Info

Stock-Based Compensation - Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock (Detail) - Restricted Stock [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred tax benefits recognized (derecognized)	$ 652	$ (36)
Tax benefits realized for restricted stock and paid dividends	402	55
Fair value of vested restricted stock	$ 2,568	$ 1,740

Stock-Based Compensation (Subsi

Stock-Based Compensation (Subsidiary Equity Plan) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 4,337	$ 2,342
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	4,000	548,086
Recognized compensation expenses	$ 3,268	$ 1,905
Unrecognized compensation expense related to nonvested restricted stock	15,859		$ 18,995
TTIG [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	885	$ 215
Unrecognized compensation expense related to nonvested restricted stock and stock options	$ 10,189		$ 11,230

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	1 Months Ended	3 Months Ended
	Oct. 31, 2021	Mar. 31, 2022USD ($)Reinsurance	Dec. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of multi-year reinsurance contracts | Reinsurance		2
Unfunded Balance		$ 7,750	$ 11,073
Percentage of FIGA Assessment levied on Collected Premium	0.70%	1.30%
Amount of FIGA Assessments payable		$ 983

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Apr. 26, 2022	Jan. 20, 2022
Subsequent Event [Line Items]
Dividends per common share		$ 0.40
Dividends, date of declared		Jan. 20, 2022
Dividends, date of record		Feb. 18, 2022
Dividends, date of paid		Mar. 18, 2022
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends per common share	$ 0.40
Dividends, date of declared	Apr. 26, 2022
Dividends, date of record	May 17, 2022
Dividends, date of paid	Jun. 17, 2022