HCI (HCI) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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		9,044,534

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Assets
Fixed-maturity securities, available for sale, at fair value (amortized cost: $403,844 and $41,953, respectively and allowance for credit losses: $0 and $0, respectively)		$ 398,571	$ 42,583
Equity securities, at fair value (cost: $38,065 and $46,276, respectively)		35,719	51,740
Limited partnership investments		26,695	28,133
Investment in unconsolidated joint venture, at equity	[1]	858	363
Real estate investments		72,723	73,896
Total investments		534,566	196,715
Cash and cash equivalents		360,488	628,943
Restricted cash		2,600	2,400
Accrued interest and dividends receivable		1,421	353
Income taxes receivable		1,789	4,084
Premiums receivable, net (allowance: $3,935 and $1,750, respectively)		52,302	68,157
Prepaid reinsurance premiums		81,023	26,355
Reinsurance recoverable, net of allowance for credit losses:
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)		11,134	11,985
Unpaid losses and loss adjustment expenses (allowance: $62 and $90, respectively)		42,348	64,665
Deferred policy acquisition costs		48,305	57,695
Property and equipment, net		17,244	14,232
Right-of-use assets - operating leases		1,861	2,204
Intangible assets, net		14,358	10,636
Funds withheld for assumed business		82,468	73,716
Other assets		28,796	14,717
Total assets		1,280,703	1,176,857
Liabilities and Equity
Losses and loss adjustment expenses		238,824	237,165
Unearned premiums		370,140	366,744
Advance premiums		25,428	13,771
Reinsurance payable on paid losses and loss adjustment expenses		4,302	4,017
Ceded reinsurance premiums payable		24,641	19,318
Accrued expenses		17,093	15,453
Deferred income taxes, net		6,168	11,739
Revolving credit facility		0	15,000
Long-term debt		211,648	45,504
Lease liabilities - operating leases		1,824	2,203
Other liabilities		48,737	31,485
Total liabilities		948,805	762,399
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest (Note 17)		91,963	89,955
Equity:
Common stock (no par value, 40,000,000 shares authorized, 9,047,972 and 10,131,399 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively)		0	0
Additional paid-in capital		12,887	76,077
Retained income		229,621	246,790
Accumulated other comprehensive income, net of taxes		(3,760)	498
Total stockholders’ equity		238,748	323,365
Noncontrolling interests		1,187	1,138
Total equity		239,935	324,503
Total liabilities, redeemable noncontrolling interest and equity		$ 1,280,703	$ 1,176,857
[1] Includes the 90 % share of FMKT Mel JV’s operating results.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Available-for-sale Debt securities, Amortized cost	$ 403,844	$ 41,953
Available-for-sale Debt securities, Allowance for credit losses	0	0
Equity Securities, Cost	38,065	46,276
Premiums Receivable, Allowance	3,935	1,750
Paid losses and loss adjustments allowance	0	0
Unpaid losses and loss adjustments allowance	$ 62	$ 90
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	9,047,972	10,131,399
Common stock, outstanding	9,047,972	10,131,399

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Gross premiums earned	$ 181,124	$ 139,440	$ 360,049	$ 270,382
Premiums ceded	(56,205)	(46,436)	(109,367)	(89,535)
Net premiums earned	124,919	93,004	250,682	180,847
Net investment income	3,684	2,635	6,552	7,229
Net realized investment (losses) gains	(6)	2,607	(320)	3,720
Net unrealized investment (losses) gains	(4,234)	1,489	(7,810)	1,220
Policy fee income	1,052	992	2,109	1,962
Other	511	777	1,753	1,400
Total revenue	125,926	101,504	252,966	196,378
Expenses
Losses and loss adjustment expenses	86,830	55,917	159,534	101,668
Policy acquisition and other underwriting expenses	26,863	23,169	56,271	46,234
General and administrative personnel expenses	15,301	10,546	29,335	20,196
Interest expense	1,515	2,000	2,116	4,079
Other operating expenses	6,977	4,775	13,269	9,002
Total expenses	137,486	96,407	260,525	181,179
(Loss) income before income taxes	(11,560)	5,097	(7,559)	15,199
Income tax (benefit) expense	(3,018)	1,267	(1,808)	4,524
Net (loss) income	(8,542)	3,830	(5,751)	10,675
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,268)	(2,179)	(4,516)	(2,973)
Net loss attributable to noncontrolling interests	829	266	1,189	363
Net (loss) income after noncontrolling interests	$ (9,981)	$ 1,917	$ (9,078)	$ 8,065
Basic (loss) earnings per share	$ (1.04)	$ 0.25	$ (0.92)	$ 1.02
Diluted (loss) earnings per share	$ (1.04)	$ 0.24	$ (0.92)	$ 0.98

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (8,542)	$ 3,830	$ (5,751)	$ 10,675
Other comprehensive loss:
Net unrealized (losses) gains arising during the period	(2,174)	99	(6,325)	(83)
Call and repayment gains charged to investment income	0	0	0	(2)
Reclassification adjustment for net realized (gains) losses	(8)	(576)	421	(577)
Net change in unrealized losses	(2,182)	(477)	(5,904)	(662)
Deferred income taxes on above change	553	117	1,491	162
Total other comprehensive loss, net of income taxes	(1,629)	(360)	(4,413)	(500)
Comprehensive (loss) income	(10,171)	3,470	(10,164)	10,175
Comprehensive loss attributable to noncontrolling interests	883	275	1,344	373
Comprehensive (loss) income after noncontrolling interests	$ (9,288)	$ 3,745	$ (8,820)	$ 10,548

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	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	$ 201,136,000				$ 199,592,000		$ 1,544,000	$ 201,136,000
Beginning Balance, shares at Dec. 31, 2020			7,785,617
Net income (loss)	10,675,000				11,038,000			11,038,000		$ (363,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,973,000)				(2,973,000)			(2,973,000)
Cumulative effect of change in accounting principle		$ (3,018,000)				$ (3,018,000)			$ (3,018,000)
Total other comprehensive income (loss), net of income taxes	(500,000)						(490,000)	(490,000)		(10,000)
Issuance of restricted stock, shares			551,086
Forfeiture of restricted stock, shares			(11,110)
Cancellation of restricted stock, shares			(142,760)
Repurchase and retirement of common stock, value	(1,308,000)			$ (1,308,000)				(1,308,000)
Repurchase and retirement of common stock, shares			(17,193)
Issuance of common stock	5,410,000			5,410,000				5,410,000
Issuance of common stock, shares			100,000
Dilution from subsidiary stock-based compensation	1,756,000									1,756,000
Issuance of warrants, net of issuance costs (Note 17)	8,640,000			8,640,000				8,640,000
Common stock dividends	(6,452,000)				(6,452,000)			(6,452,000)
Stock-based compensation	4,683,000			4,683,000				4,683,000
Additional paid-in capital shortfall adjustment allocated to retained income				(17,425,000)	17,425,000
Ending Balance at Jun. 30, 2021	218,049,000				215,612,000		1,054,000	216,666,000		1,383,000
Ending Balance, shares at Jun. 30, 2021			8,265,640
Beginning Balance at Mar. 31, 2021	217,608,000				216,086,000		1,405,000	217,491,000		117,000
Beginning Balance, shares at Mar. 31, 2021			8,289,682
Net income (loss)	3,830,000				4,096,000			4,096,000		(266,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,179,000)				(2,179,000)			(2,179,000)
Total other comprehensive income (loss), net of income taxes	(360,000)						(351,000)	(351,000)		(9,000)
Issuance of restricted stock, shares			3,000
Forfeiture of restricted stock, shares			(9,060)
Cancellation of restricted stock, shares			(1,160)
Repurchase and retirement of common stock, value	(1,288,000)			(1,288,000)				(1,288,000)
Repurchase and retirement of common stock, shares			(16,822)
Dilution from subsidiary stock-based compensation	1,541,000									1,541,000
Common stock dividends	(3,659,000)				(3,659,000)			(3,659,000)
Stock-based compensation	2,556,000			2,556,000				2,556,000
Additional paid-in capital shortfall adjustment allocated to retained income				(1,268,000)	1,268,000
Ending Balance at Jun. 30, 2021	218,049,000				215,612,000		1,054,000	216,666,000		1,383,000
Ending Balance, shares at Jun. 30, 2021			8,265,640
Beginning Balance at Dec. 31, 2021	324,503,000			76,077,000	246,790,000		498,000	323,365,000		1,138,000
Beginning Balance, shares at Dec. 31, 2021			10,131,399
Net income (loss)	(5,751,000)				(4,907,000)			(4,907,000)		(844,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(4,516,000)				(4,171,000)			(4,171,000)		(345,000)
Total other comprehensive income (loss), net of income taxes	(4,413,000)						(4,258,000)	(4,258,000)		(155,000)
Issuance of restricted stock, shares			7,000
Forfeiture of restricted stock, shares			(3,965)
Repurchase and retirement of common stock, value	(68,103,000)			(68,103,000)				(68,103,000)
Repurchase and retirement of common stock, shares			(1,056,997)
Repurchase and retirement of common stock under share repurchase plan, shares			(29,465)
Repurchase and retirement of common stock under share repurchase plan, value	(1,884,000)			(1,884,000)				(1,884,000)
Dilution from subsidiary stock-based compensation	1,393,000									1,393,000
Common stock dividends	(8,091,000)				(8,091,000)			(8,091,000)
Stock-based compensation	6,797,000			6,797,000				6,797,000
Ending Balance at Jun. 30, 2022	239,935,000			12,887,000	229,621,000		(3,760,000)	238,748,000		1,187,000
Ending Balance, shares at Jun. 30, 2022			9,047,972
Beginning Balance at Mar. 31, 2022	322,028,000			79,131,000	243,647,000		(2,185,000)	320,593,000		1,435,000
Beginning Balance, shares at Mar. 31, 2022			10,125,927
Net income (loss)	(8,542,000)				(7,885,000)			(7,885,000)		(657,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,268,000)				(2,096,000)			(2,096,000)		(172,000)
Total other comprehensive income (loss), net of income taxes	(1,629,000)						(1,575,000)	(1,575,000)		(54,000)
Issuance of restricted stock, shares			3,000
Forfeiture of restricted stock, shares			(700)
Repurchase and retirement of common stock, value	(67,705,000)			(67,705,000)				(67,705,000)
Repurchase and retirement of common stock, shares			(1,050,790)
Repurchase and retirement of common stock under share repurchase plan, shares			(29,465)
Repurchase and retirement of common stock under share repurchase plan, value	(1,884,000)			(1,884,000)				(1,884,000)
Dilution from subsidiary stock-based compensation	635,000									635,000
Common stock dividends	(4,045,000)				(4,045,000)			(4,045,000)
Stock-based compensation	3,345,000			3,345,000				3,345,000
Ending Balance at Jun. 30, 2022	$ 239,935,000			$ 12,887,000	$ 229,621,000		$ (3,760,000)	$ 238,748,000		$ 1,187,000
Ending Balance, shares at Jun. 30, 2022			9,047,972

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common stock dividends	$ 0.40	$ 0.40	$ 0.80	$ 0.80

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net (loss) income after noncontrolling interests	$ (9,078)	$ 8,065
Net income attributable to noncontrolling interests	3,327	2,610
Net (loss) income	(5,751)	10,675
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	8,579	6,497
Net (accretion of discount) amortization of premiums on investments in fixed-maturity securities	(189)	144
Depreciation and amortization	3,495	2,928
Deferred income tax benefit	(4,080)	(3,732)
Net realized investment losses (gains)	320	(3,720)
Net unrealized investment losses (gains)	7,810	(1,220)
Credit loss expense - reinsurance recoverable	(28)	(28)
Net (income) loss from unconsolidated joint venture	(495)	50
Net income from limited partnership interests	(1,799)	(2,359)
Distributions received from limited partnership interests	2,046	1,792
Foreign currency remeasurement loss	50	75
Other non-cash items	(405)	21
Changes in operating assets and liabilities:
Accrued interest and dividends receivable	(1,068)	258
Income taxes	2,295	7,106
Premiums receivable, net	15,855	(739)
Prepaid reinsurance premiums	(54,668)	35,614
Reinsurance recoverable	23,196	23,181
Deferred policy acquisition costs	9,390	(569)
Funds withheld for assumed business	(8,752)	(43,395)
Other assets	(12,707)	9,773
Losses and loss adjustment expenses	1,659	(8,384)
Unearned premiums	3,396	40,443
Advance premiums	11,657	9,855
Reinsurance payable on paid losses and loss adjustment expenses	285	7,398
Ceded reinsurance premiums payable	5,323	9,206
Accrued expenses and other liabilities	16,215	(5,223)
Net cash provided by operating activities	21,629	95,647
Cash flows from investing activities:
Investments in limited partnership interests	(1,144)	(700)
Distributions received from limited partnership interests	2,335	2,653
Purchase of property and equipment	(4,229)	(1,275)
Purchase of real estate investments	(111)	(331)
Purchase of intangible assets	(3,800)	0
Purchase of fixed-maturity securities	(377,638)	(6,338)
Purchase of equity securities	(16,383)	(45,040)
Purchase of short-term and other investments	0	(1,058)
Proceeds from sales of real estate investments	667	0
Proceeds from sales of fixed-maturity securities	11,494	14,680
Proceeds from calls, repayments and maturities of fixed-maturity securities	4,020	16,677
Proceeds from sales of equity securities	24,427	56,511
Proceeds from sales, redemptions and maturities of short-term and other investments	267	2,026
Net cash (used in) provided by investing activities	(360,095)	37,805
Cash flows from financing activities:
Cash dividends paid	(8,168)	(6,605)
Cash dividends received under share repurchase forward contract	77	153
Net repayment under revolving credit facility	(15,000)	(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
Proceeds from issuance of long-term debt	172,500	0
Repayment of long-term debt	(501)	(480)
Repurchases of common stock	(68,103)	(1,308)
Repurchases of common stock under share repurchase plan	(1,884)	0
Purchase of noncontrolling interests	(389)	(58)
Debt issuance costs	(5,757)	(152)
Net cash provided by financing activities	70,267	61,538
Effect of exchange rate changes on cash	(56)	(45)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(268,255)	194,945
Cash, cash equivalents, and restricted cash at beginning of period	631,343	433,741
Cash, cash equivalents, and restricted cash at end of period	363,088	628,686
Supplemental disclosure of cash flow information:
Cash paid for income taxes	55	1,150
Cash paid for interest	943	3,492
Non-cash investing and financing activities:
Unrealized loss on investments in available-for-sale securities, net of tax	(4,413)	(500)
Receivable from sales of equity securities	1,051	3,455
Payable on purchases of equity securities	1,050	32
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	6 Months Ended
	Jun. 30, 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, a third state in January 2022, and the fourth state in April 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 was set for June 1, 2022 or such other date as mutually agreed by both parties. In connection with the transaction, United agreed 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, and the aggregate ceding commission amount will not exceed $ 6,000 . See Note 7 -- “Intangible Assets, Net” for additional information. The Company began renewing United’s policies in South Carolina on June 1, 2022. The policy replacement date for Georgia and North Carolina policies has yet to be determined and the C ompany, through TypTap, entered into a new quota share reinsurance agreement in June 2022 to provide 100 % reinsurance on all of United’s in-force, new and renewal policies in the Southeast Region from June 1, 2022 through May 31, 2023. In exchange, TypTap pays United a ceding commission of 16 % of premium.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 June 30, 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, 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. Long-Term Debt Long-term debt includes debt instruments and finance lease obligations. A debt instrument is generally classified as a liability and carried at amortized cost, net of any issuance costs. Debt issuance costs are capitalized and amortized to interest expense over the expected life of the debt instrument using the effective interest method. At issuance, a debt instrument with embedded features such as conversion and redemption options is evaluated to determine whether bifurcation and derivative accounting is applicable. Any embedded feature other than the conversion option is evaluated at issuance to determine if it is probable that such embedded feature will be exercised. If the Company concludes that the exercisability of that embedded feature is not probable, the embedded feature is considered to be non-substantive and would not impact the initial measurement and expected life of the debt instrument. Revenue from Claims Processing Services Revenue related to claims processing services is included in other revenue in the consolidated statements of income. For the three and six months ended June 30, 2022, revenues from claims processing services were $ 372 and $ 1,379 , respectively. Revenues from claims processing services were $ 207 for the three and six months ended June 30, 2021. At June 30, 2022 and December 31, 2021 , other assets included $ 321 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 six months ended June 30, 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	6 Months Ended
	Jun. 30, 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. June 30, December 31, 2022 2021 Cash and cash equivalents $ 360,488 $ 628,943 Restricted cash 2,600 2,400 Total $ 363,088 $ 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2022 U.S. Treasury and U.S. government agencies $ 372,323 $ — $ 2 $ ( 4,762 ) $ 367,563 Corporate bonds 28,953 — 27 ( 556 ) 28,424 States, municipalities, and political subdivisions 1,761 — 8 ( 2 ) 1,767 Exchange-traded debt 700 — 14 ( 1 ) 713 Redeemable preferred stock 107 — — ( 3 ) 104 Total $ 403,844 $ — $ 51 $ ( 5,324 ) $ 398,571 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 June 30, 2022 and December 31, 2021 are as follows: June 30, 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 $ 167,143 $ 167,002 $ 10,734 $ 10,826 Due after one year through five years 232,353 227,637 19,222 19,820 Due after five years through ten years 3,854 3,427 11,503 11,403 Due after ten years 494 505 494 534 $ 403,844 $ 398,571 $ 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 and six months ended June 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2022 $ 2,436 $ 11 $ ( 3 ) Three months ended June 30, 2021 $ 14,644 $ 576 $ — Six months ended June 30, 2022 $ 11,494 $ 13 $ ( 434 ) Six months ended June 30, 2021 $ 14,680 $ 577 $ — Gross Unrealized Losses for Available-for-Sale Fixed-Maturity Securities Securities with gross unrealized loss positions at June 30, 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 June 30, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 4,664 ) $ 348,459 $ ( 98 ) $ 2,048 $ ( 4,762 ) $ 350,507 Corporate bonds ( 556 ) 23,828 — — ( 556 ) 23,828 States, municipalities, and political ( 2 ) 387 — — ( 2 ) 387 Exchange-traded debt ( 1 ) 23 — — ( 1 ) 23 Redeemable preferred stock ( 3 ) 104 — — ( 3 ) 104 Total available-for-sale securities $ ( 5,226 ) $ 372,801 $ ( 98 ) $ 2,048 $ ( 5,324 ) $ 374,849 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 June 30, 2022 and December 31, 2021 , there were 68 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 and six months ended June 30, 2022 and 2021: 2022 2021 Balance at January 1 $ — $ 588 Reductions for securities sold — ( 9 ) Balance at March 31 $ — $ 579 Reductions for securities exchanged — ( 579 ) Balance at June 30 $ — $ — b) Equity Securities The Company holds investments in equity securities measured at fair values which are readily determinable. At June 30, 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 June 30, 2022 $ 38,065 $ 2,073 $ ( 4,419 ) $ 35,719 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 related to equity securities still held. Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net (losses) gains recognized $ ( 4,323 ) $ 3,069 $ ( 7,865 ) $ 3,536 Exclude: Net realized (losses) gains ( 89 ) 1,580 ( 55 ) 2,316 Net unrealized (losses) gains recognized $ ( 4,234 ) $ 1,489 $ ( 7,810 ) $ 1,220 Sales of Equity Securities Proceeds received, and the gross realized gains and losses from sales of equity securities, for the three and six months ended June 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2022 $ 6,058 $ 433 $ ( 522 ) Three months ended June 30, 2021 $ 22,133 $ 1,983 $ ( 403 ) Six months ended June 30, 2022 $ 24,427 $ 1,853 $ ( 1,908 ) Six months ended June 30, 2021 $ 56,511 $ 3,125 $ ( 809 ) 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: June 30, 2022 December 31, 2021 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 4,613 $ — 15.37 $ 6,076 $ 2,085 15.37 Value creation through active distressed debt 3,347 — 1.67 3,423 — 1.69 High returns and long-term capital appreciation 5,723 — 0.18 6,270 1,401 0.18 Value-oriented investments in less liquid and 3,940 — 0.56 4,437 — 0.57 Value-oriented investments in mature real 6,417 3,881 1.34 5,977 4,537 1.36 Risk-adjusted returns on credit and equity 2,655 2,584 0.39 1,950 3,050 0.47 Total $ 26,695 $ 6,465 $ 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) The term is expected to be the later of ten years or two years following the maturity of the fund’s outstanding leverage. 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 second additional one-year period to June 30, 2023 . 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 an eight-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) The term is expected to end November 27, 2027 . The term may be extended for up to four additional one-year periods at the general partner’s discretion, and up to two additional one-year periods with the consent of the advisory committee. (k) Expected to have an eight-year term after the final admission date. The term may be extended for an additional one-year period at the general partner’s discretion, and up to two additional one-year periods with the consent of either the advisory committee or a majority of limited partners. 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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Operating results: Total income $ 179,117 $ 384,629 $ 515,945 $ 373,681 Total expenses ( 23,023 ) ( 25,208 ) ( 72,340 ) ( 80,720 ) Net income $ 156,094 $ 359,421 $ 443,605 $ 292,961 June 30, December 31, 2022 2021 Balance sheet: Total assets $ 5,899,813 $ 5,855,616 Total liabilities $ 408,725 $ 564,732 For the three and six months ended June 30, 2022 , the Company recognized net investment income of $ 19 and $ 1,799 , respectively. Included in the net investment income for the three and six months ended June 30, 2022 was an estimated unfavorable change in net asset value of $ 516 . During the three and six months ended June 30, 2022 , the Company received total cash distributions of $ 2,785 and $ 4,381 , respectively, including returns on investment of $ 1,235 and $ 2,046 , respectively. For the three and six months ended June 30, 2021 , the Company recognized net investment income of $ 1,572 and $ 2,359 , respectively. During the three and six months ended June 30, 2021 , the Company received total cash distributions of $ 2,421 and $ 4,445 , respectively, including returns on investment of $ 1,314 and $ 1,792 , respectively. At June 30, 2022 and December 31, 2021 , the Company’s net cumulative contributed capital to the partnerships at each respective balance sheet date totaled $ 27,180 and $ 28,371 , respectively, and the Company’s maximum exposure to loss aggregated $ 26,695 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 June 30, 2022 and December 31, 2021 , the Company’s maximum exposure to loss relating to the variable interest entity was $ 858 and $ 363 , respectively, representing the carrying value of the investment. In June 2022, the joint venture sold its last outparcel and recognized a gain of $ 572 . There we re no ca sh distributions during the six months ended June 30, 2022 and 2021. At June 30, 2022 , there was undistributed income of $ 488 as opposed to none at December 31, 2021 from this equity method investment. The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Operating results: Total revenues $ 572 $ — $ 572 $ — Total expenses ( 8 ) ( 28 ) ( 22 ) ( 56 ) Net income (loss) $ 564 $ ( 28 ) $ 550 $ ( 56 ) The Company’s share of net income (loss)* $ 508 $ ( 25 ) $ 495 $ ( 50 ) * Included in net investment income in the Company’s consolidated statements of income. June 30, December 31, 2022 2021 Balance sheet: Property and equipment, net $ — $ 357 Cash 953 29 Other 18 18 Total assets $ 971 $ 404 Other liabilities $ 17 $ — Members’ capital 954 404 Total liabilities and members’ capital $ 971 $ 404 Investment in unconsolidated joint venture, at equity** $ 858 $ 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 June 30, 2022 and December 31, 2021: June 30, December 31, 2022 2021 Land $ 39,425 $ 39,720 Land improvements 11,933 11,917 Buildings and building improvements 29,410 29,405 Tenant and leasehold improvements 1,548 1,511 Other 1,318 1,265 Total, at cost 83,634 83,818 Less: accumulated depreciation and amortization ( 10,911 ) ( 9,922 ) Real estate investments $ 72,723 $ 73,896 In May 2022, the Company sold one outparcel in Sorrento, Florida for net proceeds of $ 667 . See additional information under f) Net Investment Income (Loss) below. Depreciation and amortization expense related to real estate investments was $ 483 and $ 479 for the three months ended June 30, 2022 and 2021 , respectively, and $ 989 and $ 970 for the six months ended June 30, 2022 and 2021, respectively. f) Net Investment Income (Loss) Net investment income (loss), by source, is summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Available-for-sale fixed-maturity securities $ 1,137 $ 384 $ 1,585 $ 825 Equity securities 300 340 587 691 Investment expense ( 116 ) ( 129 ) ( 250 ) ( 254 ) Limited partnership investments 19 1,572 1,799 2,359 Real estate investments 1,538 344 1,885 3,341 Net income (loss) from unconsolidated 508 ( 25 ) 495 ( 50 ) Cash and cash equivalents 298 149 451 317 Net investment income $ 3,684 $ 2,635 $ 6,552 $ 7,229 For the three and six months ended June 30, 2022, income from real estate investments included a net gain of $ 376 resulting from the sale of the outparcel described in e) Real Estate Investments and $ 451 of income from selling the liquor license previously owned by the Company’s restaurant business which was discontinued in 2020. For the six months ended June 30, 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. g) 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 June 30, 2022 and 2021 , net realized gains related to other investments were $ 75 and $ 452 , respectively, and $ 156 and $ 827 for the six months ended June 30, 2022 and 2021 , respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 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 June 30, 2022 June 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized (losses) gains $ ( 2,174 ) $ ( 551 ) $ ( 1,623 ) $ 99 $ 25 $ 74 Call and repayment gains charged to — — — — ( 1 ) 1 Reclassification adjustment for realized ( 8 ) ( 2 ) ( 6 ) ( 576 ) ( 141 ) ( 435 ) Total other comprehensive loss $ ( 2,182 ) $ ( 553 ) $ ( 1,629 ) $ ( 477 ) $ ( 117 ) $ ( 360 ) Six Months Ended Six Months Ended June 30, 2022 June 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 6,325 ) $ ( 1,598 ) $ ( 4,727 ) $ ( 83 ) $ ( 20 ) $ ( 63 ) Call and repayment gains charged to — — — ( 2 ) ( 1 ) ( 1 ) Reclassification adjustment for realized 421 107 314 ( 577 ) ( 141 ) ( 436 ) Total other comprehensive loss $ ( 5,904 ) $ ( 1,491 ) $ ( 4,413 ) $ ( 662 ) $ ( 162 ) $ ( 500 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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 From time to time, the Company has an amount outstanding under a revolving credit facility. The interest rate is variable and is periodically adjusted based on the London Interbank Offered Rate plus a spread. As a result, carrying value, when outstanding, 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 4.75 % Convertible Senior Notes 2042 Quoted price 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 June 30, 2022 and December 31, 2021: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of June 30, 2022 Financial Assets: Cash and cash equivalents $ 360,488 $ — $ — $ 360,488 Restricted cash $ 2,600 $ — $ — $ 2,600 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 366,134 $ 1,429 $ — $ 367,563 Corporate bonds 28,424 — — 28,424 State, municipalities, and political subdivisions — 1,767 — 1,767 Exchange-traded debt 713 — — 713 Redeemable preferred stock 104 — — 104 Total available-for-sale securities $ 395,375 $ 3,196 $ — $ 398,571 Equity securities $ 35,719 $ — $ — $ 35,719 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 June 30, 2022 and December 31, 2021: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of June 30, 2022 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 166,596 $ — $ 178,522 $ — $ 178,522 4.25 % Convertible Senior Notes 23,916 — 27,143 — 27,143 3.90 % Promissory Note 9,117 — — 8,711 8,711 3.75 % Callable Promissory Note 6,973 — — 6,604 6,604 4.55 % Promissory Note 5,025 — — 4,959 4,959 Total long-term debt $ 211,627 $ — $ 205,665 $ 20,274 $ 225,939 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	6 Months Ended
	Jun. 30, 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: June 30, 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 ( 4,316 ) ( 3,169 ) Intangible assets, net $ 14,358 $ 10,636 (a) An anchor tenant is a tenant that attracted more customers than other tenants. (b) $ 119 was fully amortized in June 2022 and $ 195 was fully amortized in June 2021. The remaining weighted-average amortization periods for the intangible assets at June 30, 2022 are summarized in the table below: Anchor tenant relationships 11.9 years In-place leases 9.8 years Policy renewal rights - United 3.7 years 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 consideration consisting of a 6 % commission on any replacement premium which includes $ 3,800 of commission prepaid up-front. The consideration was estimated at $4,869 with a $ 1,069 contingent liability. At June 30, 2022 and December 31, 2021, contingent liabilities related to renewal rights intangible assets were $ 3,488 and $ 2,419 , respectively, with the contingent liabilities included in other liabilities on the consolidated balance sheets. 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	6 Months Ended
	Jun. 30, 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: June 30, December 31, 2022 2021 Benefits receivable related to retrospective reinsurance contracts $ 10,938 $ 3,064 Reimbursement receivable under TPA service 1,519 3,525 Prepaid expenses 4,560 2,853 Deposits 2,577 406 Lease acquisition costs, net 570 505 Other 8,632 4,364 Total other assets $ 28,796 $ 14,717

Revolving Credit Facility

Revolving Credit Facility	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 9 -- Revolving Credit Facility In May 2022, the Company repaid the entire credit facility balance of $ 15,000 . For the three months ended June 30, 2022 and 2021, interest expense was $ 62 a nd $ 25 , respectively, includi ng $ 24 a nd $ 24 of amortization of issuance costs, respectively. For the six months ended June 30, 2022 and 2021 , interest expense was $ 151 and $ 129 , respectively, including $ 49 and $ 49 of amortization of issuance costs, respectively. At June 30, 2022 , the Company was in compliance with all required covenants with no borrowings outstanding. The borrowing capacity of the facility is now $ 65,000 .

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Note 10 -- Long-Term Debt The following table summarizes the Company’s long-term debt: June 30, December 31, 2022 2021 4.75 % Convertible Senior Notes, due June 1, 2042 $ 172,500 $ — 4.25 % Convertible Senior Notes, due March 1, 2037 23,916 23,916 3.90 % Promissory Note, due through April 1, 2032 9,253 9,431 3.75 % Callable Promissory Note, due through September 1, 2036 7,060 7,246 4.55 % Promissory Note, due through August 1, 2036 5,098 5,225 Finance lease liabilities, due through October 15, 2024 21 31 Total principal amount 217,848 45,849 Less: unamortized issuance costs ( 6,200 ) ( 345 ) Total long-term debt $ 211,648 $ 45,504 The following table summarizes future maturities of long-term debt as of June 30, 2022 , which takes into consideration the assumption that the 4.75 % Convertible Senior Notes and 4.25 % Convertible Senior Notes are repurchased at their respective next earliest call dates: Due in 12 months following June 30, 2022 $ 1,026 2023 1,057 2024 1,096 2025 1,140 2026 197,603 Thereafter 15,926 Total $ 217,848 Information with respect to interest expense related to long-term debt is as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Interest Expense: Contractual interest $ 1,334 $ 1,704 $ 1,806 $ 3,411 Non-cash expense (a) 119 271 159 539 Total $ 1,453 $ 1,975 $ 1,965 $ 3,950 (a) Includes amortization of debt issuance costs. 4.75% Convertible Senior Notes In May 2022, the Company issued 4.75% Convertible Senior Notes in a private offering for an aggregate principal amount of $ 172,500 . The net proceeds of the 4.75% Convertible Senior Notes were $ 166,486 after $ 6,014 in related issuance and transaction costs. These notes mature June 1, 2042 and the cash interest is payable semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2022. The 4.75% Convertible Senior Notes rank equally in right of payment to the Company’s existing and future unsecured and unsubordinated obligations. The 4.75% Convertible Senior Notes do not contain any financial or operating covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by the Company or any of its subsidiaries. The 4.75% Convertible Senior Notes provide no protection to the note holders in the event of a fundamental change or other corporate transaction involving the Company except those described in the indenture. The 4.75% Convertible Senior Notes do not require a sinking fund to be established for the purpose of redemption. In conjunction with the issuance of the 4.75% Convertible Senior Notes, the Company entered into a share repurchase agreement providing for the repurchase of shares of the Company’s common stock. See Note 18 -- “Equity” under Share Repurchase Agreement for additional information. Embedded Conversion Feature The conversion feature of the 4.75 % Convertible Senior Notes is subject to conversion rate adjustments upon the occurrence of specified events (including payment of dividends above a specified amount) but will not be adjusted for any accrued and unpaid interest. The conversion rate of the 4.75 % Convertible Senior Notes is currently 12.4166 shares of common stock for each $1 in principal amount, which is the equivalent of approximately $ 80.54 per share. The holders of the 4.75% Convertible Senior Notes may convert all or a portion of their convertible senior notes during specified periods prior to the maturity date as follows: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2022, if the last reported sale price of the Company’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than 130 % of the conversion price on each applicable trading day; (2) during the five business-day period after any ten consecutive trading-day period in which the trading price per $1 principal amount of the 4.75% Convertible Senior Notes is less than 98 % of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such trading day; (3) if specified corporate events, including a change in control, occur; (4) if any or all of the 4.75% Convertible Senior Notes are called for redemption, at any time prior to the close of business on the business day prior to the redemption date; or (5) during either the period beginning on, and including, March 1, 2027 and ending at the close of business on the business day immediately preceding June 7, 2027 , or the period beginning on, and including, March 1, 2042 and ending at the close of business on the business day immediately preceding the maturity date. The note holders who elect to convert their convertible senior notes in connection with a fundamental change as described in the indenture will be entitled to a “make-whole” adjustment in the form of an increase in the conversion rate. Upon conversion, the Company has the option to satisfy its conversion obligation by paying or delivering cash, shares of its common stock or a combination of cash and shares of its common stock. As of June 30, 2022, none of the conditions allowing the holders of the 4.75% Convertible Senior Notes to convert had been met. The Company determined that the 4.75% Convertible Senior Notes’ embedded conversion feature is not a derivative financial instrument and does not require bifurcation. Embedded Redemption Feature – Fundamental Change The note holders have the right to require the Company to repurchase for cash all or any portion of the 4.75% Convertible Senior Notes at par prior to the maturity date should any of the fundamental change events described in the indenture occur. The Company concluded that this embedded redemption feature is not a derivative financial instrument, does not require bifurcation, and that it is not probable at issuance that any of the specified fundamental change events will occur. Therefore, this embedded redemption feature is not substantive and will not affect the expected life of the liability. Embedded Redemption Feature – Put Option of the Note Holder At the option of the holders of the 4.75% Convertible Senior Notes, the Company is required to repurchase for cash all or any portion of the 4.75% Convertible Senior Notes at par on June 1, 2027 , June 1, 2032 or June 1, 2037 . The Company concluded that this embedded feature is not a derivative financial instrument and does not require bifurcation. Due to this provision, the Company determined that it is appropriate to amortize the debt issuance costs from the date the debt is issued to the earliest date at which the holders of the 4.75% Convertible Senior Notes can demand payment. Thus, the Company amortizes the issuance costs associated with the 4.75% Convertible Senior Notes over the period from May 23, 2022 to June 1, 2027. The effective interest rate for the 4.75% Convertible Senior Notes, taking into account both cash and non-cash components, approximates 5.6 %. Had a 20-year term been used for the amortization of the issuance costs of the 4.75% Convertible Senior Notes, the annual effective interest rate charged to earnings would have decreased to approximately 5.0 %. As of June 30, 2022, the remaining amortization period of the debt issuance costs was expected to be 4.9 years for the 4.75% 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 June 30, 2022 , the conversion rate of the Company’s 4.25 % Convertible Senior Notes was 16.4976 shares of common stock for each $1 in principal amount, which was the equivalent of approximately $ 60.61 per share. The debt issuance costs for the 4.25% Convertible Senior Notes had been fully amortized as of February 2022.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Premiums Written: Direct $ 187,792 $ 143,224 $ 359,773 $ 253,355 Assumed ( 1,640 ) 41,754 3,673 57,471 Gross written 186,152 184,978 363,446 310,826 Ceded ( 56,205 ) ( 46,436 ) ( 109,367 ) ( 89,535 ) Net premiums written $ 129,947 $ 138,542 $ 254,079 $ 221,291 Premiums Earned: Direct $ 164,887 $ 115,733 $ 313,733 $ 226,025 Assumed 16,237 23,707 46,316 44,357 Gross earned 181,124 139,440 360,049 270,382 Ceded ( 56,205 ) ( 46,436 ) ( 109,367 ) ( 89,535 ) Net premiums earned $ 124,919 $ 93,004 $ 250,682 $ 180,847 During the three and six months ended June 30, 2022 , the Company recognized ceded losses of $ 2,517 and $ 3,387 , respectively, as reductions in losses and loss adjustment expenses. During the three and six months ended June 30, 2021 , the Company recognized ceded losses of $ 487 and $ 594 , respectively, as reductions in losses and loss adjustment expenses. At June 30, 2022 and December 31, 2021 , there were 45 and 55 reinsurers, respectively, participating in the Company’s reinsurance program. Total net amounts recoverable and receivable from reinsurers at June 30, 2022 and December 31, 2021 were $ 53,482 and $ 76,650 , respectively. Approximatel y 54.9 % of the reinsurance recoverable balance at June 30, 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 $ 17 and $ 28 for the three and six months ended June 30, 2022, respectively. For the three and six months ended June 30, 2021 , the Company derecognized credit loss expenses of $ 16 and $ 28 , respectively. Allowances for credit losses related to the reinsurance recoverable balance were $ 62 and $ 90 at June 30, 2022 and December 31, 2021, respectively. One of the existing reinsurance contracts includes retrospective provisions that adjust premiums in the event losses are minimal or zero. Prior to June 1, 2022, there were two reinsurance contracts with retrospective provisions. For the three and six months ended June 30, 2022 , the Company recognized reductions in premiums ceded of $ 6,390 and $ 7,874 , respectively, related to these adjustments in the consolidated statements of income. For the three and six months ended June 30, 2021 , the Company recognized reductions in premiums ceded of $ 3,575 and $ 8,255 , respectively. See Note 20 -- “Commitments and Contingencies” for additional information. Amounts receivable pursuant to retrospective provisions are reflected in other assets. At June 30, 2022 and December 31, 2021 , other assets included $ 10,938 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 reinsurers with good credit ratings 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 and six months ended June 30, 2022 , $ 20,639 and $ 27,488 , respectively, of assumed premiums written related to the Northeast Region’s insurance policies were 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 Massachusetts. For the three and six months ended June 30, 2021 , assumed premiums written were $ 41,754 and $ 57,471 , respectively. At June 30, 2022 , the Company had a net balance of $ 1,772 due to United related to the Northeast Region, consisting of payable on paid losses and loss adjustment expenses of $ 1,522 and premiums payable of $ 329 , offset by ceding commission receivable of $ 79 . 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 through May 31, 2022. Effective June 1, 2022, the Company entered into a new agreement to provide 100% quota share reinsurance on United’s personal lines insurance policies in the Southeast Region. For the three and six months ended June 30, 2022 , assumed premiums written related to the Southeast Region’s insurance policies were $ 18,999 and $ 31,161 , respectively. At June 30, 2022 , the Company had a net balance of $ 9,329 due to United, consisting of premiums payable of $ 14,027 and payable on paid losses and loss adjustment expenses of $ 2,780 , offset by ceding commission receivable of $ 4,861 and a catastrophe cost allowance receivable of $ 2,617 . 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 June 30, 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 $ 82,468 and $ 73,716 , respectively.

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net balance, beginning of period* $ 179,837 $ 144,630 $ 172,410 $ 141,065 Incurred, net of reinsurance, related to: Current period 78,448 51,310 148,524 93,230 Prior period 8,382 4,607 11,010 8,438 Total incurred, net of reinsurance 86,830 55,917 159,534 101,668 Paid, net of reinsurance, related to: Current period ( 37,627 ) ( 20,006 ) ( 56,423 ) ( 27,602 ) Prior period ( 32,626 ) ( 25,640 ) ( 79,107 ) ( 60,230 ) Total paid, net of reinsurance ( 70,253 ) ( 45,646 ) ( 135,530 ) ( 87,832 ) Net balance, end of period 196,414 154,901 196,414 154,901 Add: reinsurance recoverable before allowance for 42,410 48,884 42,410 48,884 Gross balance, end of period $ 238,824 $ 203,785 $ 238,824 $ 203,785 * 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 and six months ended June 30, 2022 , the Company recognized losses related to prior periods of $ 8,382 and $ 11,010 , respectively, primarily to increase the reserve resulting from increased litigation. Loss and LAE expenses for the three and six months ended June 30, 2022 included estimated losses, net of reinsurance, of approximately $ 10,438 and $ 23,399 , respectively, related to policies assumed from United. In addition, the Company recognized $ 5,811 and $ 11,932 , respectively, of losses related to weather events in Florida during the three and six months ended June 30, 2022.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 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 June 30, 2022 and 2021, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 69.8 % and 77.6 %, respectively, and revenues from the TypTap Group segment represented 27.9 % and 20.3 %, respectively, of total revenues of all operating segments. For the six months ended June 30, 2022 and 2021, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 69.8 % and 77.8 %, respectively, and revenues from the TypTap Group segment represented 28.1 % and 18.9 %, respectively, of total revenues of all operating segments. At June 30, 2022 and December 31, 2021 , HCPCI insurance operations’ total assets represented 55.2 % and 58.7 %, respectively, and TypTap Group’s total assets represented 33.1 % 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 June 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 115,636 $ 67,443 $ — $ — $ ( 1,955 ) $ 181,124 Premiums ceded ( 36,979 ) ( 20,629 ) — — 1,403 ( 56,205 ) Net premiums earned 78,657 46,814 — — ( 552 ) 124,919 Net (loss) income from investment portfolio ( 1,446 ) 283 — ( 1,228 ) 1,835 ( 556 ) Policy fee income 628 424 — — — 1,052 Other 414 532 2,765 1,472 ( 4,672 ) 511 Total revenue 78,253 48,053 2,765 244 ( 3,389 ) 125,926 Expenses: Losses and loss adjustment expenses 48,692 38,692 — — ( 554 ) 86,830 Amortization of deferred policy acquisition costs 15,904 7,167 — — — 23,071 Other policy acquisition expenses 679 3,135 — — — 3,814 Stock-based compensation expense 1,187 897 — 2,158 — 4,242 Interest expense — 211 224 1,291 ( 211 ) 1,515 Depreciation and amortization 153 774 606 302 ( 600 ) 1,235 Personnel and other operating expenses 7,738 8,526 626 1,913 ( 2,024 ) 16,779 Total expenses 74,353 59,402 1,456 5,664 ( 3,389 ) 137,486 Income (loss) before income taxes $ 3,900 $ ( 11,349 ) $ 1,309 $ ( 5,420 ) $ — $ ( 11,560 ) Total revenue from non-affiliates (d) $ 76,276 $ 49,009 $ 2,427 $ ( 359 ) Gross premiums written $ 113,139 $ 73,013 (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 under HCPCI Insurance Operations consist of $ 113,681 from HCPCI and $ 1,955 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 June 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 102,850 $ 39,000 $ — $ — $ ( 2,410 ) $ 139,440 Premiums ceded ( 36,101 ) ( 12,585 ) — — 2,250 ( 46,436 ) Net premiums earned 66,749 26,415 — — ( 160 ) 93,004 Net income from investment portfolio 3,550 495 — 2,392 294 6,731 Policy fee income 701 291 — — — 992 Other 812 475 2,379 267 ( 3,156 ) 777 Total revenue 71,812 27,676 2,379 2,659 ( 3,022 ) 101,504 Expenses: Losses and loss adjustment expenses 39,641 16,440 — — ( 164 ) 55,917 Amortization of deferred policy acquisition costs 20,540 5,553 — — — 26,093 Other policy acquisition expenses ( 5,070 ) 2,021 — — 125 ( 2,924 ) Stock-based compensation expense 937 1,600 — 1,618 — 4,155 Interest expense — — 259 1,766 ( 25 ) 2,000 Depreciation and amortization 18 312 574 364 ( 605 ) 663 Personnel and other operating expenses 4,665 6,233 1,317 641 ( 2,353 ) 10,503 Total expenses 60,731 32,159 2,150 4,389 ( 3,022 ) 96,407 Income (loss) before income taxes $ 11,081 $ ( 4,483 ) $ 229 $ ( 1,730 ) $ — $ 5,097 Total revenue from non-affiliates (d) $ 70,914 $ 27,813 $ 2,041 $ 2,715 Gross premiums written $ 124,222 $ 60,725 (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 under HCPCI Insurance Operations consist of $ 100,440 from HCPCI and $ 2,410 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 Six Months Ended June 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 234,941 $ 128,065 $ — $ — $ ( 2,957 ) $ 360,049 Premiums ceded ( 73,932 ) ( 37,562 ) — — 2,127 ( 109,367 ) Net premiums earned 161,009 90,503 — — ( 830 ) 250,682 Net (loss) income from investment portfolio ( 2,903 ) 267 — ( 912 ) 1,970 ( 1,578 ) Policy fee income 1,282 827 — — — 2,109 Other 1,661 1,001 5,168 2,308 ( 8,385 ) 1,753 Total revenue 161,049 92,598 5,168 1,396 ( 7,245 ) 252,966 Expenses: Losses and loss adjustment expenses 92,687 67,680 — — ( 833 ) 159,534 Amortization of deferred policy acquisition costs 35,006 16,589 — — — 51,595 Other policy acquisition expenses 1,342 3,418 — — — 4,760 Stock-based compensation expense 2,331 1,782 — 4,466 — 8,579 Interest expense — 411 451 1,665 ( 411 ) 2,116 Depreciation and amortization 267 1,335 1,211 474 ( 1,223 ) 2,064 Personnel and other operating expenses 15,056 16,019 1,933 3,647 ( 4,778 ) 31,877 Total expenses 146,689 107,234 3,595 10,252 ( 7,245 ) 260,525 Income (loss) before income taxes $ 14,360 $ ( 14,636 ) $ 1,573 $ ( 8,856 ) $ — $ ( 7,559 ) Total revenue from non-affiliates (d) $ 158,009 $ 93,832 $ 4,491 $ 90 Gross premiums written $ 204,280 $ 159,166 (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 under HCPCI Insurance Operations consist of $ 231,984 from HCPCI and $ 2,957 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 Six Months Ended June 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 207,371 $ 67,811 $ — $ — $ ( 4,800 ) $ 270,382 Premiums ceded ( 72,081 ) ( 22,094 ) — — 4,640 ( 89,535 ) Net premiums earned 135,290 45,717 — — ( 160 ) 180,847 Net income from investment portfolio 4,430 831 — 3,887 3,021 12,169 Policy fee income 1,413 549 — — — 1,962 Other 1,333 650 7,513 827 ( 8,923 ) 1,400 Total revenue 142,466 47,747 7,513 4,714 ( 6,062 ) 196,378 Expenses: Losses and loss adjustment expenses 73,080 28,752 — — ( 164 ) 101,668 Amortization of deferred policy acquisition costs 33,287 10,190 — — — 43,477 Other policy acquisition expenses ( 246 ) 3,062 — — ( 59 ) 2,757 Stock-based compensation expense 1,698 1,967 — 2,832 — 6,497 Interest expense — 90 741 3,518 ( 270 ) 4,079 Depreciation and amortization 38 600 1,161 540 ( 1,238 ) 1,101 Personnel and other operating expenses 9,723 11,355 2,518 2,335 ( 4,331 ) 21,600 Total expenses 117,580 56,016 4,420 9,225 ( 6,062 ) 181,179 Income (loss) before income taxes $ 24,886 $ ( 8,269 ) $ 3,093 $ ( 4,511 ) $ — $ 15,199 Total revenue from non-affiliates (d) $ 141,114 $ 48,192 $ 6,836 $ 4,239 Gross premiums written $ 205,210 $ 105,615 (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 under HCPCI Insurance Operations consist of $ 202,571 from HCPCI and $ 4,800 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: June 30, December 31, 2022 2021 Segments: HCPCI Insurance Operations $ 635,564 $ 676,509 TypTap Group 431,610 369,600 Real Estate Operations 127,953 127,651 Corporate and Other 176,474 65,349 Consolidation and Elimination ( 90,898 ) ( 62,252 ) Total assets $ 1,280,703 $ 1,176,857

Leases

Leases	6 Months Ended
	Jun. 30, 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: June 30, December 31, 2022 2021 Operating leases: ROU assets $ 1,861 $ 2,204 Liabilities $ 1,824 $ 2,203 Finance leases: ROU assets $ 80 $ 86 Liabilities $ 21 $ 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 June 30, 2022, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following June 30, 2022 $ 1,090 $ 16 2023 177 5 2024 98 1 2025 103 — 2026 109 — Thereafter 434 — Total lease payments 2,011 22 Less: interest 187 1 Total lease obligations $ 1,824 $ 21 The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Lease costs: Finance lease costs: Amortization – ROU assets* $ 5 $ 5 $ 10 $ 9 Interest expense — — — 1 Operating lease costs* 282 391 656 845 Short-term lease costs* 91 113 201 150 Total lease costs $ 378 $ 509 $ 867 $ 1,005 Cash paid for amounts included in the Operating cash flows – finance leases $ — $ 1 Operating cash flows – operating leases $ 648 $ 848 Financing cash flows – finance leases $ 10 $ 9 June 30, 2022 Weighted-average remaining lease term: Finance leases (in years) 1.5 Operating leases (in years) 4.2 Weighted-average discount rate: Finance leases (%) 3.4 % Operating leases (%) 3.9 % * 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	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 15 -- Income Taxes During the three months ended June 30, 2022, the Company recorded approximately $ 3,018 of income tax benefit, which resulted in an effective tax rate of 26.1 %. During the three months ended June 30, 2021, the Company recorded approximately $ 1,267 of income taxes, which resulted in an effective tax rate of 24.9 %. The increase in the effective tax rate as compared with the corresponding period in the prior year was primarily attributable to an increase in non-deductible compensation expense related to restricted stock granted to certain executives and the increased Florida corporate tax rate effective January 1, 2022. During the six months ended June 30, 2022, the Company recorded approximately $ 1,808 of income tax benefit, which resulted in an effective tax rate of 23.9 %. During the six months ended June 30, 2021, the Company recorded approximately $ 4,524 of income taxes, which resulted in an effective tax rate of 29.8 %. The de crease in the effective tax rate in 2022 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 and May 2022. T he 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	6 Months Ended
	Jun. 30, 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 (loss) 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 (loss) per share during periods of net income or loss. For a majority-owned subsidiary, its basic and diluted earnings (loss) 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 (loss) 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 June 30, 2022 June 30, 2021 Loss Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net (loss) income $ ( 8,542 ) $ 3,830 Less: Net income attributable to redeemable ( 2,268 ) ( 2,179 ) Less: TypTap Group’s net loss attributable 829 429 Net (loss) income attributable to HCI ( 9,981 ) 2,080 Less: Loss (income) attributable to 635 ( 168 ) Basic (Loss) Earnings Per Share: (Loss) income allocated to common ( 9,346 ) 9,022 $ ( 1.04 ) 1,912 7,526 $ 0.25 Effect of Dilutive Securities: * Stock options — — — 175 Warrants — — — 247 Diluted (Loss) Earnings Per Share: (Loss) income available to common $ ( 9,346 ) 9,022 $ ( 1.04 ) $ 1,912 7,948 $ 0.24 (a) Shares in thousands. * For the three months ended June 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the three months ended June 30, 2021, convertible senior notes were excluded due to anti-dilutive effect. Six Months Ended Six Months Ended June 30, 2022 June 30, 2021 Loss Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net (loss) income $ ( 5,751 ) $ 10,675 Less: Net income attributable to redeemable ( 4,516 ) ( 2,973 ) Less: TypTap Group’s net loss attributable 1,189 501 Net (loss) income attributable to HCI ( 9,078 ) 8,203 Less: Loss (income) attributable to 590 ( 569 ) Basic (Loss) Earnings Per Share: (Loss) income allocated to common ( 8,488 ) 9,249 $ ( 0.92 ) 7,634 7,500 $ 1.02 Effect of Dilutive Securities: * Stock options — — — 141 Warrants — — — 161 Diluted (Loss) Earnings Per Share: (Loss) income available to common $ ( 8,488 ) 9,249 $ ( 0.92 ) $ 7,634 7,802 $ 0.98 (a) Shares in thousands. * For the six months ended June 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the six months ended June 30, 2021, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 17 -- Redeemable Noncontrolling Interest The following table summarizes the activity of redeemable noncontrolling interest during the six months ended June 30, 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 Increase (decrease): Accrued cash dividends 1,500 1,250 Accretion - increasing dividend rates 768 929 Balance at June 30 $ 91,963 $ 88,071 *Net decrease related to warrants of $ 8,640 . For the three months ended June 30, 2022 and 2021 , net income attributable to redeemable noncontrolling interest was $ 2,268 and $ 2,179 , respectively, consisting of accrued cash dividends of $ 1,500 and $ 1,250 , respectively, and accretion related to increasing dividend rates of $ 768 and $ 929 , respectively. For the six months ended June 30, 2022 and 2021 , net income attributable to redeemable noncontrolling interest was $ 4,516 and $ 2,973 , respectively, consisting of accrued cash dividends of $ 2,842 and $ 1,708 , respectively, and accretion related to increasing dividend rates of $ 1,674 and $ 1,265 , respectively.

Equity

Equity	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022, the Company repurchased and retired a total of 29,465 shares at a weighted average price per share of $ 63.92 under this authorized repurchase plan. The total cost of shares repurchased, inclusive of fees and commissions, during the three and six months ended June 30, 2022 was $ 1,884 or $ 63.95 per share. On April 26, 2022 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends were paid on June 17, 2022 to stockholders of record on May 17, 2022 . Warrants At June 30, 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 . Share Repurchase Agreement In conjunction with the issuance of the 4.75 % Convertible Senior Notes as described in Note 10 -- “Long-Term Debt” under 4.75% Convertible Senior Notes , the Company used $ 66,853 of the net proceeds to repurchase and retire an aggregate of 1,037,600 shares of its common stock at a price of $ 64.43 per share from institutional investors. 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 June 30, 2022 , there were 81,138,380 shares of TTIG’s common stock outstanding, of which 6,138,380 shares were not owned by HCI. During the three and six months ended June 30, 2022, TTIG repurchased and retired a total of 45,239 and 66,983 shares, respectively, 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 during the three and six months ended June 30, 2022 w as $ 262 and $ 389 , respectively.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 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 June 30, 2022 , there were 1,108,940 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 and six months ended June 30, 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 Outstanding at June 30, 2022 440,000 $ 45.25 6.1 years $ 9,354 Exercisable at June 30, 2022 357,500 $ 44.23 5.8 years $ 7,965 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 Outstanding at June 30, 2021 440,000 $ 45.25 7.1 years $ 23,883 Exercisable at June 30, 2021 275,000 $ 43.40 6.6 years $ 15,436 There were no options exercised during the three and six months ended June 30, 2022 and 2021. For the three months ended June 30, 2022 and 2021 , the Company recognized $ 161 and $ 219 , respectively, of compensation expense which was included in general and administrative personnel expenses. For the six months ended June 30, 2022 and 2021 , the Company recognized $ 345 and $ 442 , respectively, of compensation expense. Deferred tax benefits related to stock options were $ 0 and $ 0 for the three months ended June 30, 2022 and 2021 , respectively, and $ 0 and $ 1 for the six months ended June 30, 2022 and 2021, respectively. At June 30, 2022 and December 31, 2021 , there was $ 660 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 1.3 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 and six months ended June 30, 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 Granted 3,000 $ 67.30 Vested ( 51,125 ) $ 45.04 Forfeited ( 700 ) $ 45.61 Nonvested at June 30, 2022 581,240 $ 38.61 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 Granted 3,000 $ 76.00 Vested ( 68,541 ) $ 43.80 Cancelled ( 1,160 ) $ 45.96 Forfeited ( 9,060 ) $ 46.44 Nonvested at June 30, 2021 711,212 $ 38.71 The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $ 3,184 and $ 2,336 for the three months ended June 30, 2022 and 2021 , respectively, and $ 6,452 and $ 4,241 for the six months ended June 30, 2022 and 2021, respectively. At June 30, 2022 and December 31, 2021 , there was approximately $ 12,845 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 2.1 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 and six months ended June 30, 2022 and 2021. Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Deferred tax benefits recognized $ 639 $ 495 $ 1,291 $ 459 Tax benefits realized for restricted stock and $ 902 $ 1,357 $ 1,304 $ 1,412 Fair value of vested restricted stock $ 2,303 $ 3,002 $ 4,871 $ 4,742 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 June 30, 2022 and 2021 , TypTap Group recognized compensation expense related to its stock-based awards of $ 897 and $ 1,599 , respectively. For the six months ended June 30, 2022 and 2021 , TypTap Group recognized compensation expense related to its stock-based awards of $ 1,782 and $ 1,814 , respectively. At June 30, 2022 and December 31, 2021 , there was $ 9,558 and $ 11,230 , respectively, of unrecognized compensation expense related to nonvested restricted stock and stock options.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 20 -- Commitments and Contingencies Agreement with Florida Department of Transportation In May 2022, the Company entered into an agreement to sell 1.5 acres of land in Tampa, Florida for net proceeds of $ 14,500 to the Florida Department of Transportation (“FDOT”) in connection with an eminent domain proceeding for a planned road improvement project. Upon the sale closing in July 2022, the Company will retain from its investment property an office building on approximately six acres of land. See Note 21 -- “Subsequent Events” for additional information. Obligations under Multi-Year Reinsurance Contracts As of June 30, 2022, the Company has a contractual obligation related to one multi-year reinsurance contract. The contract was entered into effective June 1, 2022 and the Company’s previous two multi-year reinsurance contracts were commuted effective May 31, 2022. The contract may be cancelled only with the other party’s consent or when its respective experience account is positive at the end of each contract year. The table below represents the future minimum aggregate premium amounts payable to the reinsurer. Due in 12 months following June 30, 2022 $ 91,350 2023 91,350 Total $ 182,700 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 June 30, 2022 , there was an aggregate unfunded balance of $ 6,465 . 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 June 30, 2022 , the FIGA assessments payable by the Company were $ 954 .

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 21 -- Subsequent Events On July 1, 2022, the Company closed on its agreement to sell 1.5 acres of land in Tampa, Florida for net proceeds of $ 14,500 to the FDOT in connection with the eminent domain proceeding for the planned road improvement project. This sale results in a net realized gain of $ 13,402 recognized in July 2022 which will be reflected in net investment income. Upon the close of the sale, the Company is retaining from its investment property an office building on approximately six acres of land. On July 14, 2022 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends are payable on September 16, 2022 to stockholders of record on August 19, 2022 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 June 30, 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, 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.
Long-Term Debt	Long-Term Debt Long-term debt includes debt instruments and finance lease obligations. A debt instrument is generally classified as a liability and carried at amortized cost, net of any issuance costs. Debt issuance costs are capitalized and amortized to interest expense over the expected life of the debt instrument using the effective interest method. At issuance, a debt instrument with embedded features such as conversion and redemption options is evaluated to determine whether bifurcation and derivative accounting is applicable. Any embedded feature other than the conversion option is evaluated at issuance to determine if it is probable that such embedded feature will be exercised. If the Company concludes that the exercisability of that embedded feature is not probable, the embedded feature is considered to be non-substantive and would not impact the initial measurement and expected life of the debt instrument.
Revenue from Claims Processing Services	Revenue from Claims Processing Services Revenue related to claims processing services is included in other revenue in the consolidated statements of income. For the three and six months ended June 30, 2022, revenues from claims processing services were $ 372 and $ 1,379 , respectively. Revenues from claims processing services were $ 207 for the three and six months ended June 30, 2021. At June 30, 2022 and December 31, 2021 , other assets included $ 321 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 six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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. June 30, December 31, 2022 2021 Cash and cash equivalents $ 360,488 $ 628,943 Restricted cash 2,600 2,400 Total $ 363,088 $ 631,343

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2022 U.S. Treasury and U.S. government agencies $ 372,323 $ — $ 2 $ ( 4,762 ) $ 367,563 Corporate bonds 28,953 — 27 ( 556 ) 28,424 States, municipalities, and political subdivisions 1,761 — 8 ( 2 ) 1,767 Exchange-traded debt 700 — 14 ( 1 ) 713 Redeemable preferred stock 107 — — ( 3 ) 104 Total $ 403,844 $ — $ 51 $ ( 5,324 ) $ 398,571 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 June 30, 2022 and December 31, 2021 are as follows: June 30, 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 $ 167,143 $ 167,002 $ 10,734 $ 10,826 Due after one year through five years 232,353 227,637 19,222 19,820 Due after five years through ten years 3,854 3,427 11,503 11,403 Due after ten years 494 505 494 534 $ 403,844 $ 398,571 $ 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 and six months ended June 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2022 $ 2,436 $ 11 $ ( 3 ) Three months ended June 30, 2021 $ 14,644 $ 576 $ — Six months ended June 30, 2022 $ 11,494 $ 13 $ ( 434 ) Six months ended June 30, 2021 $ 14,680 $ 577 $ —
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category	Securities with gross unrealized loss positions at June 30, 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 June 30, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 4,664 ) $ 348,459 $ ( 98 ) $ 2,048 $ ( 4,762 ) $ 350,507 Corporate bonds ( 556 ) 23,828 — — ( 556 ) 23,828 States, municipalities, and political ( 2 ) 387 — — ( 2 ) 387 Exchange-traded debt ( 1 ) 23 — — ( 1 ) 23 Redeemable preferred stock ( 3 ) 104 — — ( 3 ) 104 Total available-for-sale securities $ ( 5,226 ) $ 372,801 $ ( 98 ) $ 2,048 $ ( 5,324 ) $ 374,849 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 and six months ended June 30, 2022 and 2021: 2022 2021 Balance at January 1 $ — $ 588 Reductions for securities sold — ( 9 ) Balance at March 31 $ — $ 579 Reductions for securities exchanged — ( 579 ) Balance at June 30 $ — $ —
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 June 30, 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 June 30, 2022 $ 38,065 $ 2,073 $ ( 4,419 ) $ 35,719 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 related to equity securities still held. Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net (losses) gains recognized $ ( 4,323 ) $ 3,069 $ ( 7,865 ) $ 3,536 Exclude: Net realized (losses) gains ( 89 ) 1,580 ( 55 ) 2,316 Net unrealized (losses) gains recognized $ ( 4,234 ) $ 1,489 $ ( 7,810 ) $ 1,220
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 and six months ended June 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2022 $ 6,058 $ 433 $ ( 522 ) Three months ended June 30, 2021 $ 22,133 $ 1,983 $ ( 403 ) Six months ended June 30, 2022 $ 24,427 $ 1,853 $ ( 1,908 ) Six months ended June 30, 2021 $ 56,511 $ 3,125 $ ( 809 )
Schedule of Company's Investments in Limited Partnerships	The following table provides information related to the Company’s investments in limited partnerships: June 30, 2022 December 31, 2021 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 4,613 $ — 15.37 $ 6,076 $ 2,085 15.37 Value creation through active distressed debt 3,347 — 1.67 3,423 — 1.69 High returns and long-term capital appreciation 5,723 — 0.18 6,270 1,401 0.18 Value-oriented investments in less liquid and 3,940 — 0.56 4,437 — 0.57 Value-oriented investments in mature real 6,417 3,881 1.34 5,977 4,537 1.36 Risk-adjusted returns on credit and equity 2,655 2,584 0.39 1,950 3,050 0.47 Total $ 26,695 $ 6,465 $ 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) The term is expected to be the later of ten years or two years following the maturity of the fund’s outstanding leverage. 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 second additional one-year period to June 30, 2023 . 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 an eight-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) The term is expected to end November 27, 2027 . The term may be extended for up to four additional one-year periods at the general partner’s discretion, and up to two additional one-year periods with the consent of the advisory committee. (k) Expected to have an eight-year term after the final admission date. The term may be extended for an additional one-year period at the general partner’s discretion, and up to two additional one-year periods with the consent of either the advisory committee or a majority of limited partners.
Summary of Real Estate Investment	Real estate investments consist of the following as of June 30, 2022 and December 31, 2021: June 30, December 31, 2022 2021 Land $ 39,425 $ 39,720 Land improvements 11,933 11,917 Buildings and building improvements 29,410 29,405 Tenant and leasehold improvements 1,548 1,511 Other 1,318 1,265 Total, at cost 83,634 83,818 Less: accumulated depreciation and amortization ( 10,911 ) ( 9,922 ) Real estate investments $ 72,723 $ 73,896
Investment (Loss) Income Summarized	Net investment income (loss), by source, is summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Available-for-sale fixed-maturity securities $ 1,137 $ 384 $ 1,585 $ 825 Equity securities 300 340 587 691 Investment expense ( 116 ) ( 129 ) ( 250 ) ( 254 ) Limited partnership investments 19 1,572 1,799 2,359 Real estate investments 1,538 344 1,885 3,341 Net income (loss) from unconsolidated 508 ( 25 ) 495 ( 50 ) Cash and cash equivalents 298 149 451 317 Net investment income $ 3,684 $ 2,635 $ 6,552 $ 7,229
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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Operating results: Total income $ 179,117 $ 384,629 $ 515,945 $ 373,681 Total expenses ( 23,023 ) ( 25,208 ) ( 72,340 ) ( 80,720 ) Net income $ 156,094 $ 359,421 $ 443,605 $ 292,961 June 30, December 31, 2022 2021 Balance sheet: Total assets $ 5,899,813 $ 5,855,616 Total liabilities $ 408,725 $ 564,732 The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Operating results: Total revenues $ 572 $ — $ 572 $ — Total expenses ( 8 ) ( 28 ) ( 22 ) ( 56 ) Net income (loss) $ 564 $ ( 28 ) $ 550 $ ( 56 ) The Company’s share of net income (loss)* $ 508 $ ( 25 ) $ 495 $ ( 50 ) * Included in net investment income in the Company’s consolidated statements of income. June 30, December 31, 2022 2021 Balance sheet: Property and equipment, net $ — $ 357 Cash 953 29 Other 18 18 Total assets $ 971 $ 404 Other liabilities $ 17 $ — Members’ capital 954 404 Total liabilities and members’ capital $ 971 $ 404 Investment in unconsolidated joint venture, at equity** $ 858 $ 363 ** Includes the 90 % share of FMKT Mel JV’s operating results.

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 June 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized (losses) gains $ ( 2,174 ) $ ( 551 ) $ ( 1,623 ) $ 99 $ 25 $ 74 Call and repayment gains charged to — — — — ( 1 ) 1 Reclassification adjustment for realized ( 8 ) ( 2 ) ( 6 ) ( 576 ) ( 141 ) ( 435 ) Total other comprehensive loss $ ( 2,182 ) $ ( 553 ) $ ( 1,629 ) $ ( 477 ) $ ( 117 ) $ ( 360 ) Six Months Ended Six Months Ended June 30, 2022 June 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 6,325 ) $ ( 1,598 ) $ ( 4,727 ) $ ( 83 ) $ ( 20 ) $ ( 63 ) Call and repayment gains charged to — — — ( 2 ) ( 1 ) ( 1 ) Reclassification adjustment for realized 421 107 314 ( 577 ) ( 141 ) ( 436 ) Total other comprehensive loss $ ( 5,904 ) $ ( 1,491 ) $ ( 4,413 ) $ ( 662 ) $ ( 162 ) $ ( 500 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 4.75 % Convertible Senior Notes 2042 Quoted price 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 June 30, 2022 and December 31, 2021: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of June 30, 2022 Financial Assets: Cash and cash equivalents $ 360,488 $ — $ — $ 360,488 Restricted cash $ 2,600 $ — $ — $ 2,600 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 366,134 $ 1,429 $ — $ 367,563 Corporate bonds 28,424 — — 28,424 State, municipalities, and political subdivisions — 1,767 — 1,767 Exchange-traded debt 713 — — 713 Redeemable preferred stock 104 — — 104 Total available-for-sale securities $ 395,375 $ 3,196 $ — $ 398,571 Equity securities $ 35,719 $ — $ — $ 35,719 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 June 30, 2022 and December 31, 2021: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of June 30, 2022 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 166,596 $ — $ 178,522 $ — $ 178,522 4.25 % Convertible Senior Notes 23,916 — 27,143 — 27,143 3.90 % Promissory Note 9,117 — — 8,711 8,711 3.75 % Callable Promissory Note 6,973 — — 6,604 6,604 4.55 % Promissory Note 5,025 — — 4,959 4,959 Total long-term debt $ 211,627 $ — $ 205,665 $ 20,274 $ 225,939 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)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Details of Intangible Assets, Net	The Company’s intangible assets, net consist of the following: June 30, 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 ( 4,316 ) ( 3,169 ) Intangible assets, net $ 14,358 $ 10,636 (a) An anchor tenant is a tenant that attracted more customers than other tenants. (b) $ 119 was fully amortized in June 2022 and $ 195 was fully amortized in June 2021.
Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets	The remaining weighted-average amortization periods for the intangible assets at June 30, 2022 are summarized in the table below: Anchor tenant relationships 11.9 years In-place leases 9.8 years Policy renewal rights - United 3.7 years

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Assets	The following table summarizes the Company’s other assets: June 30, December 31, 2022 2021 Benefits receivable related to retrospective reinsurance contracts $ 10,938 $ 3,064 Reimbursement receivable under TPA service 1,519 3,525 Prepaid expenses 4,560 2,853 Deposits 2,577 406 Lease acquisition costs, net 570 505 Other 8,632 4,364 Total other assets $ 28,796 $ 14,717

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-term Debt	The following table summarizes the Company’s long-term debt: June 30, December 31, 2022 2021 4.75 % Convertible Senior Notes, due June 1, 2042 $ 172,500 $ — 4.25 % Convertible Senior Notes, due March 1, 2037 23,916 23,916 3.90 % Promissory Note, due through April 1, 2032 9,253 9,431 3.75 % Callable Promissory Note, due through September 1, 2036 7,060 7,246 4.55 % Promissory Note, due through August 1, 2036 5,098 5,225 Finance lease liabilities, due through October 15, 2024 21 31 Total principal amount 217,848 45,849 Less: unamortized issuance costs ( 6,200 ) ( 345 ) Total long-term debt $ 211,648 $ 45,504
Summary of Future Maturities of Long-Term Debt	The following table summarizes future maturities of long-term debt as of June 30, 2022 , which takes into consideration the assumption that the 4.75 % Convertible Senior Notes and 4.25 % Convertible Senior Notes are repurchased at their respective next earliest call dates: Due in 12 months following June 30, 2022 $ 1,026 2023 1,057 2024 1,096 2025 1,140 2026 197,603 Thereafter 15,926 Total $ 217,848
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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Interest Expense: Contractual interest $ 1,334 $ 1,704 $ 1,806 $ 3,411 Non-cash expense (a) 119 271 159 539 Total $ 1,453 $ 1,975 $ 1,965 $ 3,950 (a) Includes amortization of debt issuance costs.

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Premiums Written: Direct $ 187,792 $ 143,224 $ 359,773 $ 253,355 Assumed ( 1,640 ) 41,754 3,673 57,471 Gross written 186,152 184,978 363,446 310,826 Ceded ( 56,205 ) ( 46,436 ) ( 109,367 ) ( 89,535 ) Net premiums written $ 129,947 $ 138,542 $ 254,079 $ 221,291 Premiums Earned: Direct $ 164,887 $ 115,733 $ 313,733 $ 226,025 Assumed 16,237 23,707 46,316 44,357 Gross earned 181,124 139,440 360,049 270,382 Ceded ( 56,205 ) ( 46,436 ) ( 109,367 ) ( 89,535 ) Net premiums earned $ 124,919 $ 93,004 $ 250,682 $ 180,847

Losses and Loss Adjustment Ex_2

Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net balance, beginning of period* $ 179,837 $ 144,630 $ 172,410 $ 141,065 Incurred, net of reinsurance, related to: Current period 78,448 51,310 148,524 93,230 Prior period 8,382 4,607 11,010 8,438 Total incurred, net of reinsurance 86,830 55,917 159,534 101,668 Paid, net of reinsurance, related to: Current period ( 37,627 ) ( 20,006 ) ( 56,423 ) ( 27,602 ) Prior period ( 32,626 ) ( 25,640 ) ( 79,107 ) ( 60,230 ) Total paid, net of reinsurance ( 70,253 ) ( 45,646 ) ( 135,530 ) ( 87,832 ) Net balance, end of period 196,414 154,901 196,414 154,901 Add: reinsurance recoverable before allowance for 42,410 48,884 42,410 48,884 Gross balance, end of period $ 238,824 $ 203,785 $ 238,824 $ 203,785

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 115,636 $ 67,443 $ — $ — $ ( 1,955 ) $ 181,124 Premiums ceded ( 36,979 ) ( 20,629 ) — — 1,403 ( 56,205 ) Net premiums earned 78,657 46,814 — — ( 552 ) 124,919 Net (loss) income from investment portfolio ( 1,446 ) 283 — ( 1,228 ) 1,835 ( 556 ) Policy fee income 628 424 — — — 1,052 Other 414 532 2,765 1,472 ( 4,672 ) 511 Total revenue 78,253 48,053 2,765 244 ( 3,389 ) 125,926 Expenses: Losses and loss adjustment expenses 48,692 38,692 — — ( 554 ) 86,830 Amortization of deferred policy acquisition costs 15,904 7,167 — — — 23,071 Other policy acquisition expenses 679 3,135 — — — 3,814 Stock-based compensation expense 1,187 897 — 2,158 — 4,242 Interest expense — 211 224 1,291 ( 211 ) 1,515 Depreciation and amortization 153 774 606 302 ( 600 ) 1,235 Personnel and other operating expenses 7,738 8,526 626 1,913 ( 2,024 ) 16,779 Total expenses 74,353 59,402 1,456 5,664 ( 3,389 ) 137,486 Income (loss) before income taxes $ 3,900 $ ( 11,349 ) $ 1,309 $ ( 5,420 ) $ — $ ( 11,560 ) Total revenue from non-affiliates (d) $ 76,276 $ 49,009 $ 2,427 $ ( 359 ) Gross premiums written $ 113,139 $ 73,013 (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 under HCPCI Insurance Operations consist of $ 113,681 from HCPCI and $ 1,955 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 June 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 102,850 $ 39,000 $ — $ — $ ( 2,410 ) $ 139,440 Premiums ceded ( 36,101 ) ( 12,585 ) — — 2,250 ( 46,436 ) Net premiums earned 66,749 26,415 — — ( 160 ) 93,004 Net income from investment portfolio 3,550 495 — 2,392 294 6,731 Policy fee income 701 291 — — — 992 Other 812 475 2,379 267 ( 3,156 ) 777 Total revenue 71,812 27,676 2,379 2,659 ( 3,022 ) 101,504 Expenses: Losses and loss adjustment expenses 39,641 16,440 — — ( 164 ) 55,917 Amortization of deferred policy acquisition costs 20,540 5,553 — — — 26,093 Other policy acquisition expenses ( 5,070 ) 2,021 — — 125 ( 2,924 ) Stock-based compensation expense 937 1,600 — 1,618 — 4,155 Interest expense — — 259 1,766 ( 25 ) 2,000 Depreciation and amortization 18 312 574 364 ( 605 ) 663 Personnel and other operating expenses 4,665 6,233 1,317 641 ( 2,353 ) 10,503 Total expenses 60,731 32,159 2,150 4,389 ( 3,022 ) 96,407 Income (loss) before income taxes $ 11,081 $ ( 4,483 ) $ 229 $ ( 1,730 ) $ — $ 5,097 Total revenue from non-affiliates (d) $ 70,914 $ 27,813 $ 2,041 $ 2,715 Gross premiums written $ 124,222 $ 60,725 (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 under HCPCI Insurance Operations consist of $ 100,440 from HCPCI and $ 2,410 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 Six Months Ended June 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 234,941 $ 128,065 $ — $ — $ ( 2,957 ) $ 360,049 Premiums ceded ( 73,932 ) ( 37,562 ) — — 2,127 ( 109,367 ) Net premiums earned 161,009 90,503 — — ( 830 ) 250,682 Net (loss) income from investment portfolio ( 2,903 ) 267 — ( 912 ) 1,970 ( 1,578 ) Policy fee income 1,282 827 — — — 2,109 Other 1,661 1,001 5,168 2,308 ( 8,385 ) 1,753 Total revenue 161,049 92,598 5,168 1,396 ( 7,245 ) 252,966 Expenses: Losses and loss adjustment expenses 92,687 67,680 — — ( 833 ) 159,534 Amortization of deferred policy acquisition costs 35,006 16,589 — — — 51,595 Other policy acquisition expenses 1,342 3,418 — — — 4,760 Stock-based compensation expense 2,331 1,782 — 4,466 — 8,579 Interest expense — 411 451 1,665 ( 411 ) 2,116 Depreciation and amortization 267 1,335 1,211 474 ( 1,223 ) 2,064 Personnel and other operating expenses 15,056 16,019 1,933 3,647 ( 4,778 ) 31,877 Total expenses 146,689 107,234 3,595 10,252 ( 7,245 ) 260,525 Income (loss) before income taxes $ 14,360 $ ( 14,636 ) $ 1,573 $ ( 8,856 ) $ — $ ( 7,559 ) Total revenue from non-affiliates (d) $ 158,009 $ 93,832 $ 4,491 $ 90 Gross premiums written $ 204,280 $ 159,166 (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 under HCPCI Insurance Operations consist of $ 231,984 from HCPCI and $ 2,957 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 Six Months Ended June 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 207,371 $ 67,811 $ — $ — $ ( 4,800 ) $ 270,382 Premiums ceded ( 72,081 ) ( 22,094 ) — — 4,640 ( 89,535 ) Net premiums earned 135,290 45,717 — — ( 160 ) 180,847 Net income from investment portfolio 4,430 831 — 3,887 3,021 12,169 Policy fee income 1,413 549 — — — 1,962 Other 1,333 650 7,513 827 ( 8,923 ) 1,400 Total revenue 142,466 47,747 7,513 4,714 ( 6,062 ) 196,378 Expenses: Losses and loss adjustment expenses 73,080 28,752 — — ( 164 ) 101,668 Amortization of deferred policy acquisition costs 33,287 10,190 — — — 43,477 Other policy acquisition expenses ( 246 ) 3,062 — — ( 59 ) 2,757 Stock-based compensation expense 1,698 1,967 — 2,832 — 6,497 Interest expense — 90 741 3,518 ( 270 ) 4,079 Depreciation and amortization 38 600 1,161 540 ( 1,238 ) 1,101 Personnel and other operating expenses 9,723 11,355 2,518 2,335 ( 4,331 ) 21,600 Total expenses 117,580 56,016 4,420 9,225 ( 6,062 ) 181,179 Income (loss) before income taxes $ 24,886 $ ( 8,269 ) $ 3,093 $ ( 4,511 ) $ — $ 15,199 Total revenue from non-affiliates (d) $ 141,114 $ 48,192 $ 6,836 $ 4,239 Gross premiums written $ 205,210 $ 105,615 (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 under HCPCI Insurance Operations consist of $ 202,571 from HCPCI and $ 4,800 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: June 30, December 31, 2022 2021 Segments: HCPCI Insurance Operations $ 635,564 $ 676,509 TypTap Group 431,610 369,600 Real Estate Operations 127,953 127,651 Corporate and Other 176,474 65,349 Consolidation and Elimination ( 90,898 ) ( 62,252 ) Total assets $ 1,280,703 $ 1,176,857

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 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: June 30, December 31, 2022 2021 Operating leases: ROU assets $ 1,861 $ 2,204 Liabilities $ 1,824 $ 2,203 Finance leases: ROU assets $ 80 $ 86 Liabilities $ 21 $ 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 June 30, 2022, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following June 30, 2022 $ 1,090 $ 16 2023 177 5 2024 98 1 2025 103 — 2026 109 — Thereafter 434 — Total lease payments 2,011 22 Less: interest 187 1 Total lease obligations $ 1,824 $ 21
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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 Lease costs: Finance lease costs: Amortization – ROU assets* $ 5 $ 5 $ 10 $ 9 Interest expense — — — 1 Operating lease costs* 282 391 656 845 Short-term lease costs* 91 113 201 150 Total lease costs $ 378 $ 509 $ 867 $ 1,005 Cash paid for amounts included in the Operating cash flows – finance leases $ — $ 1 Operating cash flows – operating leases $ 648 $ 848 Financing cash flows – finance leases $ 10 $ 9 June 30, 2022 Weighted-average remaining lease term: Finance leases (in years) 1.5 Operating leases (in years) 4.2 Weighted-average discount rate: Finance leases (%) 3.4 % Operating leases (%) 3.9 % * 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)	6 Months Ended
	Jun. 30, 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 June 30, 2022 June 30, 2021 Loss Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net (loss) income $ ( 8,542 ) $ 3,830 Less: Net income attributable to redeemable ( 2,268 ) ( 2,179 ) Less: TypTap Group’s net loss attributable 829 429 Net (loss) income attributable to HCI ( 9,981 ) 2,080 Less: Loss (income) attributable to 635 ( 168 ) Basic (Loss) Earnings Per Share: (Loss) income allocated to common ( 9,346 ) 9,022 $ ( 1.04 ) 1,912 7,526 $ 0.25 Effect of Dilutive Securities: * Stock options — — — 175 Warrants — — — 247 Diluted (Loss) Earnings Per Share: (Loss) income available to common $ ( 9,346 ) 9,022 $ ( 1.04 ) $ 1,912 7,948 $ 0.24 (a) Shares in thousands. * For the three months ended June 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the three months ended June 30, 2021, convertible senior notes were excluded due to anti-dilutive effect. Six Months Ended Six Months Ended June 30, 2022 June 30, 2021 Loss Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net (loss) income $ ( 5,751 ) $ 10,675 Less: Net income attributable to redeemable ( 4,516 ) ( 2,973 ) Less: TypTap Group’s net loss attributable 1,189 501 Net (loss) income attributable to HCI ( 9,078 ) 8,203 Less: Loss (income) attributable to 590 ( 569 ) Basic (Loss) Earnings Per Share: (Loss) income allocated to common ( 8,488 ) 9,249 $ ( 0.92 ) 7,634 7,500 $ 1.02 Effect of Dilutive Securities: * Stock options — — — 141 Warrants — — — 161 Diluted (Loss) Earnings Per Share: (Loss) income available to common $ ( 8,488 ) 9,249 $ ( 0.92 ) $ 7,634 7,802 $ 0.98 (a) Shares in thousands. * For the six months ended June 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the six months ended June 30, 2021, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Summary of Activity of Redeemable Noncontrolling Interest	The following table summarizes the activity of redeemable noncontrolling interest during the six months ended June 30, 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 Increase (decrease): Accrued cash dividends 1,500 1,250 Accretion - increasing dividend rates 768 929 Balance at June 30 $ 91,963 $ 88,071 *Net decrease related to warrants of $ 8,640 .

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Summary of Company's Stock Option Plan Activity	A summary of the stock option activity for the three and six months ended June 30, 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 Outstanding at June 30, 2022 440,000 $ 45.25 6.1 years $ 9,354 Exercisable at June 30, 2022 357,500 $ 44.23 5.8 years $ 7,965 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 Outstanding at June 30, 2021 440,000 $ 45.25 7.1 years $ 23,883 Exercisable at June 30, 2021 275,000 $ 43.40 6.6 years $ 15,436
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 and six months ended June 30, 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 Granted 3,000 $ 67.30 Vested ( 51,125 ) $ 45.04 Forfeited ( 700 ) $ 45.61 Nonvested at June 30, 2022 581,240 $ 38.61 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 Granted 3,000 $ 76.00 Vested ( 68,541 ) $ 43.80 Cancelled ( 1,160 ) $ 45.96 Forfeited ( 9,060 ) $ 46.44 Nonvested at June 30, 2021 711,212 $ 38.71
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 and six months ended June 30, 2022 and 2021. Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Deferred tax benefits recognized $ 639 $ 495 $ 1,291 $ 459 Tax benefits realized for restricted stock and $ 902 $ 1,357 $ 1,304 $ 1,412 Fair value of vested restricted stock $ 2,303 $ 3,002 $ 4,871 $ 4,742

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Aggregate Premium Amounts Payable to Reinsurer	The table below represents the future minimum aggregate premium amounts payable to the reinsurer. Due in 12 months following June 30, 2022 $ 91,350 2023 91,350 Total $ 182,700

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Nature Of Operations [Line Items]
Commission percentage on aggregate replacement premium	6%
United [Member] | Renewal Rights Agreement [Member]
Nature Of Operations [Line Items]
Commission percentage on aggregate replacement premium	6%
United [Member] | Renewal Rights Agreement [Member] | Maximum [Member]
Nature Of Operations [Line Items]
Allowance paid for policy acquisition	$ 6,000
United [Member] | 85% Quota Share Reinsurance [Member]
Nature Of Operations [Line Items]
Quota share reinsurance percentage	85%
Deferred policy acquisition costs, percentage of provisional ceding commission of premium	25%
Percentage of maximum potential acquisition costs in reinsured business	32%
Rate of Cost Allowance	9%
United [Member] | 100% Quota Share Reinsurance [Member]
Nature Of Operations [Line Items]
Quota share reinsurance percentage	100%
Deferred policy acquisition costs, percentage of provisional ceding commission of premium	16%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Summary Of Significant Accounting Policies [Line Items]
Other	$ 511	$ 777	$ 1,753	$ 1,400
Other assets	28,796		28,796		$ 14,717
Claims handling services
Summary Of Significant Accounting Policies [Line Items]
Other	372	$ 207	1,379	$ 207
Other assets	$ 321		$ 321		$ 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	Jun. 30, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 360,488	$ 628,943
Restricted cash	2,600	2,400
Total	$ 363,088	$ 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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	$ 403,844		$ 41,953
Allowance for Credit Loss	0	$ 0	0	$ 0	$ (579)	$ (588)
Fixed-maturity securities, Gross Unrealized Gain	51		789
Fixed-maturity securities, Gross Unrealized Loss	(5,324)		(159)
Fixed-maturity securities, Estimated Fair Value	398,571		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	372,323		17,046
Fixed-maturity securities, Gross Unrealized Gain	2		64
Fixed-maturity securities, Gross Unrealized Loss	(4,762)		(86)
Fixed-maturity securities, Estimated Fair Value	367,563		17,024
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	28,953		21,913
Fixed-maturity securities, Gross Unrealized Gain	27		632
Fixed-maturity securities, Gross Unrealized Loss	(556)		(53)
Fixed-maturity securities, Estimated Fair Value	28,424		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	1,761		1,759
Fixed-maturity securities, Gross Unrealized Gain	8		49
Fixed-maturity securities, Gross Unrealized Loss	(2)
Fixed-maturity securities, Estimated Fair Value	1,767		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	700		767
Fixed-maturity securities, Gross Unrealized Gain	14		44
Fixed-maturity securities, Gross Unrealized Loss	(1)
Fixed-maturity securities, Estimated Fair Value	713		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	(3)		(20)
Fixed-maturity securities, Estimated Fair Value	$ 104		$ 448

Investments - Scheduled Contrac

Investments - Scheduled Contractual Maturities of Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Cost or Amortized Cost	$ 167,143	$ 10,734
Due after one year through five years, Cost or Amortized Cost	232,353	19,222
Due after five years through ten years, Cost or Amortized Cost	3,854	11,503
Due after ten years, Cost or Amortized Cost	494	494
Fixed-maturity securities, Cost or Amortized Cost	403,844	41,953
Due in one year or less, Estimated Fair Value	167,002	10,826
Due after one year through five years, Estimated Fair Value	227,637	19,820
Due after five years through ten years, Estimated Fair Value	3,427	11,403
Due after ten years, Estimated Fair Value	505	534
Estimated Fair Value Total	$ 398,571	$ 42,583

Investments - Summary of Sales

Investments - Summary of Sales of Available-for-sale Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of Available-for-sale Securities [Line Items]
Proceeds			$ 11,494	$ 14,680
Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 2,436	$ 14,644	11,494	14,680
Gross Realized Gains	11	576	13	$ 577
Gross Realized Losses	$ (3)	$ 0	$ (434)

Investments - Summary of Securi

Investments - Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	$ (5,226)	$ (146)
Estimated Fair Value, Less than Twelve Months	372,801	14,703
Gross Unrealized Loss, Twelve Months or Longer	(98)	(13)
Estimated Fair Value, Twelve Months or Longer	2,048	616
Gross Unrealized Loss, Total	(5,324)	(159)
Estimated Fair Value, Total	374,849	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	(4,664)	(73)
Estimated Fair Value, Less than Twelve Months	348,459	9,809
Gross Unrealized Loss, Twelve Months or Longer	(98)	(13)
Estimated Fair Value, Twelve Months or Longer	2,048	616
Gross Unrealized Loss, Total	(4,762)	(86)
Estimated Fair Value, Total	350,507	10,425
Corporate Bonds [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(556)	(53)
Estimated Fair Value, Less than Twelve Months	23,828	4,452
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(556)	(53)
Estimated Fair Value, Total	23,828	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	23
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	23
Redeemable Preferred Stock [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(3)	(20)
Estimated Fair Value, Less than Twelve Months	104	442
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(3)	(20)
Estimated Fair Value, Total	104	$ 442
State, Municipalities, and Political Subdivisions [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(2)
Estimated Fair Value, Less than Twelve Months	387
Gross Unrealized Loss, Twelve Months or Longer	0
Estimated Fair Value, Twelve Months or Longer	0
Gross Unrealized Loss, Total	(2)
Estimated Fair Value, Total	$ 387

Investments (Other-than-tempora

Investments (Other-than-temporary Impairment) - Additional Information (Detail) - Security	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Number of securities in an unrealized loss position	68	23

Investments - Summary of Allowa

Investments - Summary of Allowance for Credit Losses of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Beginning Balance	$ 0	$ 0	$ 579	$ 588
Reductions for securities sold		0		(9)
Reductions for securities exchanged	0		(579)
Ending Balance	$ 0	$ 0	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Cost	$ 38,065	$ 46,276
Gross Unrealized Gain	2,073	6,335
Gross Unrealized Loss	(4,419)	(871)
Estimated Fair Value	$ 35,719	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain (Loss) on Securities [Line Items]
Net unrealized (losses) gains recognized	$ (4,234)	$ 1,489	$ (7,810)	$ 1,220
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Net (losses) gains recognized	(4,323)	3,069	(7,865)	3,536
Exclude: Net realized (losses) gains recognized for securities sold	$ (89)	$ 1,580	$ (55)	$ 2,316

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt and Equity Securities, FV-NI [Line Items]
Proceeds			$ 24,427	$ 56,511
Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	$ 6,058	$ 22,133	24,427	56,511
Gross Realized Gains	433	1,983	1,853	3,125
Gross Realized Losses	$ (522)	$ (403)	$ (1,908)	$ (809)

Investments - Schedule of Compa

Investments - Schedule of Company's Investments in Limited Partnerships (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Investment Securities [Line Items]
Carrying Value	$ 26,695	$ 28,133
Unfunded Balance	6,465	11,073
Private US Lower Middle Market Companies [Member]
Investment Securities [Line Items]
Carrying Value	4,613	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	$ 3,347	$ 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	$ 5,723	$ 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	$ 3,940	$ 4,437
Unfunded Balance	$ 0	$ 0
Percentage investment held by the entity	0.56%	0.57%
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Investment Securities [Line Items]
Carrying Value	$ 6,417	$ 5,977
Unfunded Balance	$ 3,881	$ 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	$ 2,655	$ 1,950
Unfunded Balance	$ 2,584	$ 3,050
Percentage investment held by the entity	0.39%	0.47%

Investments - Schedule of Com_2

Investments - Schedule of Company's Investments in Limited Partnerships (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2022
Private US Lower Middle Market Companies [Member]
Schedule Of Investments [Line Items]
Expected term	10 years
Expected term	2 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
Maturity date	Jun. 30, 2023
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	8 years
Investment additional maturity term	2 years
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Schedule Of Investments [Line Items]
Maturity date	Nov. 27, 2027
Investment additional maturity term	2 years
Investment additional maturity term	4 years
Credit and Equity Investments, Primarily in Private Equity-Owned Companies [Member]
Schedule Of Investments [Line Items]
Expected term	8 years
Investment additional maturity term	1 year
Investment additional maturity term	2 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Total income	$ 125,926	$ 101,504	$ 252,966	$ 196,378
Net (loss) income	(8,542)	3,830	(5,751)	10,675
Balance sheet:
Total assets	1,280,703		1,280,703		$ 1,176,857
Total liabilities	948,805		948,805		762,399
Limited Partnership [Member]
Schedule Of Equity Method Investments [Line Items]
Total income	179,117	384,629	515,945	373,681
Total expenses	(23,023)	(25,208)	(72,340)	(80,720)
Net (loss) income	156,094	$ 359,421	443,605	$ 292,961
Balance sheet:
Total assets	5,899,813		5,899,813		5,855,616
Total liabilities	$ 408,725		$ 408,725		$ 564,732

Investments (Limited Partnershi

Investments (Limited Partnership Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule Of Investments [Line Items]
Recognized investment income (loss)	$ 19	$ 1,572	$ 1,799	$ 2,359
Return on investment			2,046	1,792
Limited Partnership [Member]
Schedule Of Investments [Line Items]
Limited partnership investment, estimated unfavorable change in net asset value	516		516
Cash distributions	2,785	2,421	4,381	4,445
Return on investment	1,235	$ 1,314	2,046	$ 1,792
Company's net cumulative contributed capital to the partnership	27,180		27,180		$ 28,371
Maximum exposure loss relating to VIE	$ 26,695		$ 26,695		$ 28,133

Investments (Investment in Unco

Investments (Investment in Unconsolidated Joint Venture) - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule Of Investments [Line Items]
Return on investment		$ 2,046	$ 1,792
FMKT Mel JV, LLC [Member]
Schedule Of Investments [Line Items]
Maximum exposure loss relating to VIE	$ 858	858		$ 363
Undistributed gain (loss) after equity distribution	488	488
Gain on sale	$ 572
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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Operating results:
Total revenues		$ 125,926	$ 101,504	$ 252,966	$ 196,378
Net income (loss)		(8,542)	3,830	(5,751)	10,675
The Company's share of net income (loss)*				495	(50)
Balance sheet:
Other		28,796		28,796		$ 14,717
Total assets		1,280,703		1,280,703		1,176,857
Other liabilities		48,737		48,737		31,485
Total liabilities, redeemable noncontrolling interest and equity		1,280,703		1,280,703		1,176,857
Investment in unconsolidated joint venture, at equity	[1]	858		858		363
Unconsolidated Joint Venture [Member]
Balance sheet:
Property and equipment, net		0		0		357
Cash		953		953		29
Other		18		18		18
Total assets		971		971		404
Other liabilities		17		17		0
Members’ capital		954		954		404
Total liabilities, redeemable noncontrolling interest and equity		971		971		$ 404
Unconsolidated Joint Venture [Member] | FMKT Mel JV, LLC [Member]
Operating results:
Total revenues		572		572
Total expenses		(8)	(28)	(22)	(56)
Net income (loss)		564	(28)	550	(56)
Operating Expense [Member] | FMKT Mel JV, LLC [Member]
Operating results:
The Company's share of net income (loss)*	[2]	$ 508	$ (25)	$ 495	$ (50)
[1] Includes the 90 % share of FMKT Mel JV’s operating results. Included in net investment income in the Company’s consolidated statements of income.

Investments - Summary of Unau_3

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Joint Venture (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2022
Unconsolidated Joint Venture [Member]
Variable Interest Entity [Line Items]
Percentage of operating results	90%

Investments - Summary of Real E

Investments - Summary of Real Estate Investment (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Real Estate [Abstract]
Land	$ 39,425	$ 39,720
Land improvements	11,933	11,917
Buildings and building improvements	29,410	29,405
Tenant and leasehold improvements	1,548	1,511
Other	1,318	1,265
Total, at cost	83,634	83,818
Less: accumulated depreciation and amortization	(10,911)	(9,922)
Real estate investments	$ 72,723	$ 73,896

Investments (Real Estate Invest

Investments (Real Estate Investments) - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Investments [Line Items]
Proceeds from sales of real estate investments				$ 667	$ 0
Depreciation and amortization expenses under real estate investments		$ 1,235	$ 663	2,064	1,101
Real Estate Investments [Member]
Schedule Of Investments [Line Items]
Proceeds from sales of real estate investments	$ 667
Depreciation and amortization expenses under real estate investments		$ 483	$ 479	$ 989	$ 970

Investments - Investment Income

Investments - Investment Income (Loss) Summarized (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Investments [Line Items]
Recognized investment income	$ 19	$ 1,572	$ 1,799	$ 2,359
Real estate investments	1,538	344	1,885	3,341
Net investment income	3,684	2,635	6,552	7,229
Available-for-Sale-Fixed-Maturity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	1,137	384	1,585	825
Equity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	300	340	587	691
Limited Partnership Investment [Member]
Schedule Of Investments [Line Items]
Recognized investment income	19	1,572	1,799	2,359
Cash and Cash Equivalents [Member]
Schedule Of Investments [Line Items]
Investment income	298	149	451	317
Investment Expense [Member]
Schedule Of Investments [Line Items]
Investment expense	(116)	(129)	(250)	(254)
Net income (loss) from unconsolidated joint venture [Member]
Schedule Of Investments [Line Items]
Investment income	$ 508	$ (25)	$ 495	$ (50)

Investments (Investment Income

Investments (Investment Income (Loss) Summarized) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Net Investment Income [Line Items]
Net gain from legal settlement of real estate investments			$ 2,790
Gain on sale of investment real estate	$ 376	$ 376
Real Estate Investments [Member]
Net Investment Income [Line Items]
Gain on sale of liquor license	$ 451	$ 451

Investments (Other Investments)

Investments (Other Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Investments [Member]
Schedule Of Investments [Line Items]
Net realized gains	$ 75	$ 452	$ 156	$ 827

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Before Tax
Net unrealized (losses) gains	$ (2,174)	$ 99	$ (6,325)	$ (83)
Call and repayment gains charged to investment income	0	0	0	(2)
Reclassification adjustment for net realized (gains) losses	(8)	(576)	421	(577)
Total other comprehensive loss	(2,182)	(477)	(5,904)	(662)
Income Tax Effect
Net unrealized (losses) gains	(551)	25	(1,598)	(20)
Call and repayment gains charged to investment income	0	(1)	0	(1)
Reclassification adjustment for realized (gains) losses	(2)	(141)	107	(141)
Total other comprehensive loss	(553)	(117)	(1,491)	(162)
Net of Tax
Net unrealized (losses) gains.	(1,623)	74	(4,727)	(63)
Call and repayment gains charged to investment income	0	1	0	(1)
Reclassification adjustment for realized (gains) losses	(6)	(435)	314	(436)
Total other comprehensive loss, net of income taxes	$ (1,629)	$ (360)	$ (4,413)	$ (500)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2022
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2037
Valuation Methodology	Quoted price
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2042
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)	Jun. 30, 2022
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.75%
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	Jun. 30, 2022	Dec. 31, 2021
Financial Assets:
Restricted cash	$ 2,600	$ 2,400
Debt Securities, Available-for-sale	398,571	42,583
Equity Securities, FV-NI, Current	35,719	51,740
Fair Value, Measurements, Recurring [Member]
Financial Assets:
Cash and cash equivalents	360,488	628,943
Restricted cash	2,600	2,400
Debt Securities, Available-for-sale	398,571	42,583
Equity Securities, FV-NI, Current	35,719	51,740
Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	360,488	628,943
Restricted cash	2,600	2,400
Debt Securities, Available-for-sale	395,375	39,287
Equity Securities, FV-NI, Current	35,719	51,740
Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-sale	3,196	3,296
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	367,563	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	366,134	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	1,429	1,488
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	28,424	22,492
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	28,424	22,492
State, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	1,767	1,808
State, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-sale	1,767	1,808
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	713	811
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	713	811
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-sale	104	448
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-sale	$ 104	$ 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	Jun. 30, 2022	Dec. 31, 2021
Financial Liabilities:
Revolving credit facility	$ 0	$ 15,000
Total long-term debt	211,648	45,504
Carrying Value [Member]
Financial Liabilities:
Revolving credit facility		15,000
Total long-term debt	211,627	45,473
Carrying Value [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	166,596
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	9,117	9,287
Carrying Value [Member] | 3.75% Callable Promissory Note
Financial Liabilities:
Total long-term debt	6,973	7,153
Carrying Value [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	5,025	5,148
Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Revolving credit facility		15,000
Total long-term debt	225,939	57,639
Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Revolving credit facility		15,000
Total long-term debt	205,665	33,248
Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	20,274	24,391
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	178,522
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	178,522
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	27,143	33,248
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	27,143	33,248
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	8,711	10,488
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	8,711	10,488
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note
Financial Liabilities:
Total long-term debt	6,604	7,852
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	6,604	7,852
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,959	6,051
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	$ 4,959	$ 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)	Jun. 30, 2022	Dec. 31, 2021
4.75% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.75%
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] | 4.75% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.75%
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		Jun. 30, 2022	Dec. 31, 2021
Finite Lived Intangible Assets [Line Items]
Total, at cost		$ 18,674	$ 13,805
Less: accumulated amortization		(4,316)	(3,169)
Intangible assets, net		14,358	10,636
Anchor Tenant Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	[1]	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	[2]	$ 314	$ 195
[1] An anchor tenant is a tenant that attracted more customers than other tenants. $ 119 was fully amortized in June 2022 and $ 195 was fully amortized in June 2021.

Intangible Assets, Net - Deta_2

Intangible Assets, Net - Details of Intangible Assets, Net (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 119	$ 195
Policy Renewal Rights [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	3 years 8 months 12 days

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets (Detail)	6 Months Ended
	Jun. 30, 2022
Anchor Tenant Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	11 years 10 months 24 days
In-Place Leases [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	9 years 9 months 18 days
Policy Renewal Rights [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	3 years 8 months 12 days

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 18,674	$ 13,805
Commission percentage on aggregate replacement premium	6%
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	3,488	$ 2,419
Renewal Rights and Non-compete Agreement [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets	4,869
Contingent consideration payable	$ 1,069

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Benefits receivable related to retrospective reinsurance contracts	$ 10,938	$ 3,064
Reimbursement receivable under TPA service	1,519	3,525
Prepaid expenses	4,560	2,853
Deposits	2,577	406
Lease acquisition costs, net	570	505
Other	8,632	4,364
Total other assets	$ 28,796	$ 14,717

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Line of Credit Facility [Line Items]
Interest Expense		$ 1,515	$ 2,000	$ 2,116	$ 4,079
Revolving credit facility		0		0		$ 15,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Repayment of revolving credit facility	$ 15,000
Interest Expense		62	25	151	129
Amortization of Debt Issuance Costs		24	$ 24	49	$ 49
Revolving credit facility		0		0
Credit facility, borrowing capacity		$ 65,000		$ 65,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total principal amount	$ 217,848	$ 45,849
Finance Lease, Liability	21	31
Less: unamortized issuance costs	(6,200)	(345)
Total long-term debt	211,648	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	9,253	9,431
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	7,060	7,246
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	5,098	5,225
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total principal amount	$ 172,500	$ 0

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2022
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%
Debt instrument, maturity date	Mar. 01, 2037
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.90%
Debt instrument, maturity date	Apr. 01, 2032
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.75%
Debt instrument, maturity date	Sep. 01, 2036
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.55%
Debt instrument, maturity date	Aug. 01, 2036
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.75%
Debt instrument, maturity date	Jun. 01, 2042
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) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2022 USD ($)	Jun. 30, 2022 $ / shares	Jun. 30, 2021 $ / shares	Jun. 30, 2022 USD ($) TradingDay $ / shares	Jun. 30, 2021 USD ($) $ / shares
Debt Instrument [Line Items]
Cash dividends on common stock | $ / shares		$ 0.40	$ 0.40	$ 0.80	$ 0.80
Debt Instrument, Principal Amount | $				$ 172,500	$ 0
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%		4.25%
Convertible debt, conversion ratio				16.4976
Convertible debt, conversion price | $ / shares		$ 60.61		$ 60.61
4.25% Convertible Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash dividends on common stock | $ / shares				$ 0.35
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.75%		4.75%
Convertible debt, conversion ratio				12.4166
Convertible debt, conversion price | $ / shares		$ 80.54		$ 80.54
Debt Instrument, Principal Amount | $	$ 172,500
Net proceeds | $	166,486
Issuance and transaction costs | $	$ 6,014
Convertible debt, conversion debt description				The holders of the 4.75% Convertible Senior Notes may convert all or a portion of their convertible senior notes during specified periods prior to the maturity date as follows: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2022, if the last reported sale price of the Company’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than 130% of the conversion price on each applicable trading day; (2) during the five business-day period after any ten consecutive trading-day period in which the trading price per $1 principal amount of the 4.75% Convertible Senior Notes is less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such trading day; (3) if specified corporate events, including a change in control, occur; (4) if any or all of the 4.75% Convertible Senior Notes are called for redemption, at any time prior to the close of business on the business day prior to the redemption date; or (5) during either the period beginning on, and including, March 1, 2027 and ending at the close of business on the business day immediately preceding June 7, 2027, or the period beginning on, and including, March 1, 2042 and ending at the close of business on the business day immediately preceding the maturity date.
Convertible debt, threshold percentage of stock trigger price				130%
Convertible debt, threshold percentage of stock trigger price				98%
Convertible debt, threshold trading days | TradingDay				20
Convertible debt, threshold consecutive trading days | TradingDay				30
Debt issuance costs, remaining amortization period				4 years 10 months 24 days
Debt instrument interest rate effective percentage till final maturity				5%
Debt instrument interest rate effective percentage		5.60%		5.60%
4.75% Convertible Senior Notes [Member] | Debt Instrument Redemption Period One Member
Debt Instrument [Line Items]
Debt instrument put date				Jun. 01, 2027
4.75% Convertible Senior Notes [Member] | Debt Instrument Redemption Period Two Member
Debt Instrument [Line Items]
Debt Instrument, Call Date, Earliest				Jun. 07, 2027
Debt instrument put date				Jun. 01, 2032
4.75% Convertible Senior Notes [Member] | Debt Instrument Redemption Period Three Member
Debt Instrument [Line Items]
Debt instrument put date				Jun. 01, 2037
4.75% Convertible Senior Notes [Member] | Convertible Debt Instrument Conversion Period Five [Member]
Debt Instrument [Line Items]
Debt Instrument, convertible, conversion date		Mar. 01, 2042		Mar. 01, 2042
Convertible debt, redemption date				Mar. 01, 2027

Long-Term Debt - Summary of Fut

Long-Term Debt - Summary of Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Long-term Debt, Rolling Maturity [Abstract]
2022	$ 1,026
2023	1,057
2024	1,096
2025	1,140
2026	197,603
Thereafter	15,926
Total	$ 217,848	$ 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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest Expense, Debt [Abstract]
Contractual interest		$ 1,334	$ 1,704	$ 1,806	$ 3,411
Non-cash expense	[1]	119	271	159	539
Total		$ 1,453	$ 1,975	$ 1,965	$ 3,950
[1] Includes amortization of debt issuance costs.

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) Reinsurer	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Reinsurer	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) Reinsurer
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of ceding commission on ceded premiums written			30%
Percentage of profit commission equal to net profit			10%
Reinsurance recoverable	$ 53,482		$ 53,482		$ 76,650
Ceded losses recognized as a reduction in losses and loss adjustment expenses	2,517	$ 487	3,387	$ 594
Decrease in credit loss expense	(17)	(16)	(28)	(28)
Allowances for credit losses related to the reinsurance recoverable balance	62		62		90
Reduction in premiums ceded	6,390	3,575	7,874	8,255
Other assets	28,796		28,796		14,717
Funds withheld for assumed business	82,468		82,468		73,716
Assumed premiums written	(1,640)	41,754	3,673	57,471
Premiums receivable	52,302		52,302		68,157
Reinsurance payable on paid losses and loss adjustment expenses	4,302		4,302		4,017
United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Funds withheld for assumed business	82,468		82,468		73,716
Northeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	1,772		1,772		4,486
Assumed premiums written	(20,639)	$ 41,754	(27,488)	$ 57,471
Premiums receivable					66
Ceding commission payable					535
Reinsurance payable on paid losses and loss adjustment expenses	1,522		1,522		4,017
Premiums payable	329		329
Ceding commission receivable	79		79
Southeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	9,329		9,329
Assumed premiums written	18,999		31,161
Cost allowance			(2,617)		3,181
Net amount receivable					23,325
Ceding commission payable					8,835
Reinsurance payable on paid losses and loss adjustment expenses	2,780		2,780
Premiums payable	14,027		14,027
Ceding commission receivable	4,861		4,861
Reinsurance [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Other assets	$ 10,938		$ 10,938		$ 3,064
Forty Five Reinsurers [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurer	45		45
Fifty Five Reinsurers [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurer					55
Reinsurance Recoverable [Member] | Reinsurer Concentration Risk [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurer	3		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			54.90%

Reinsurance - Impact of the Rei

Reinsurance - Impact of the Reinsurance Contracts on Premiums Written and Earned (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Premiums Written:
Direct	$ 187,792	$ 143,224	$ 359,773	$ 253,355
Assumed	(1,640)	41,754	3,673	57,471
Gross written	186,152	184,978	363,446	310,826
Ceded	(56,205)	(46,436)	(109,367)	(89,535)
Net premiums written	129,947	138,542	254,079	221,291
Premiums Earned:
Direct	164,887	115,733	313,733	226,025
Assumed	16,237	23,707	46,316	44,357
Gross premiums earned	181,124	139,440	360,049	270,382
Ceded	(56,205)	(46,436)	(109,367)	(89,535)
Net premiums earned	$ 124,919	$ 93,004	$ 250,682	$ 180,847

Losses and Loss Adjustment Ex_3

Losses and Loss Adjustment Expenses - Losses and LAE (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net balance, beginning of period*	$ 179,837	$ 144,630	$ 172,410	$ 141,065
Incurred, net of reinsurance, related to:
Current period	78,448	51,310	148,524	93,230
Prior period	8,382	4,607	11,010	8,438
Total incurred, net of reinsurance	86,830	55,917	159,534	101,668
Paid, net of reinsurance, related to:
Current period	(37,627)	(20,006)	(56,423)	(27,602)
Prior period	(32,626)	(25,640)	(79,107)	(60,230)
Total paid, net of reinsurance	(70,253)	(45,646)	(135,530)	(87,832)
Net balance, end of period	196,414	154,901	196,414	154,901
Add: reinsurance recoverable before allowance for credit losses	42,410	48,884	42,410	48,884
Gross balance, end of period	$ 238,824	$ 203,785	$ 238,824	$ 203,785	$ 237,165

Losses and Loss Adjustment Ex_4

Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses overall development	$ 8,382	$ 4,607	$ 11,010	$ 8,438
Current year claims and claims adjustment expense	78,448	$ 51,310	148,524	$ 93,230
Weather Events [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Current year claims and claims adjustment expense	5,811		11,932
United [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Current year claims and claims adjustment expense	10,438		23,399
Accident Year 2021 and Prior [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses overall development	$ 8,382		$ 11,010

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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	27.90%	20.30%	28.10%	18.90%
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	69.80%	77.60%	69.80%	77.80%
Assets [Member] | Segment Concentration Risk [Member] | TypTap [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			33.10%		29.30%
Assets [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			55.20%		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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue:
Gross premiums earned	$ 181,124	$ 139,440	$ 360,049	$ 270,382
Premiums ceded	(56,205)	(46,436)	(109,367)	(89,535)
Net premiums earned	124,919	93,004	250,682	180,847
Net income (loss) from investment portfolio	(556)	6,731	(1,578)	12,169
Policy fee income	1,052	992	2,109	1,962
Other	511	777	1,753	1,400
Total revenue	125,926	101,504	252,966	196,378
Expenses:
Losses and loss adjustment expenses	86,830	55,917	159,534	101,668
Amortization of deferred policy acquisition costs	23,071	26,093	51,595	43,477
Other policy acquisition expenses	3,814	(2,924)	4,760	2,757
Stock-based compensation expense	4,242	4,155	8,579	6,497
Interest expense	1,515	2,000	2,116	4,079
Depreciation and amortization	1,235	663	2,064	1,101
Personnel and other operating expenses	16,779	10,503	31,877	21,600
Total expenses	137,486	96,407	260,525	181,179
(Loss) income before income taxes	(11,560)	5,097	(7,559)	15,199
Gross premiums written	186,152	184,978	363,446	310,826
Operating Segments [Member] | HCPCI Insurance Operations [Member]
Revenue:
Gross premiums earned	115,636	102,850	234,941	207,371
Premiums ceded	(36,979)	(36,101)	(73,932)	(72,081)
Net premiums earned	78,657	66,749	161,009	135,290
Net income (loss) from investment portfolio	(1,446)	3,550	(2,903)	4,430
Policy fee income	628	701	1,282	1,413
Other	414	812	1,661	1,333
Total revenue	78,253	71,812	161,049	142,466
Expenses:
Losses and loss adjustment expenses	48,692	39,641	92,687	73,080
Amortization of deferred policy acquisition costs	15,904	20,540	35,006	33,287
Other policy acquisition expenses	679	(5,070)	1,342	(246)
Stock-based compensation expense	1,187	937	2,331	1,698
Interest expense
Depreciation and amortization	153	18	267	38
Personnel and other operating expenses	7,738	4,665	15,056	9,723
Total expenses	74,353	60,731	146,689	117,580
(Loss) income before income taxes	3,900	11,081	14,360	24,886
Total revenue from non-affiliates	76,276	70,914	158,009	141,114
Gross premiums written	113,139	124,222	204,280	205,210
Operating Segments [Member] | Real Estate Operations [Member]
Revenue:
Other	2,765	2,379	5,168	7,513
Total revenue	2,765	2,379	5,168	7,513
Expenses:
Interest expense	224	259	451	741
Depreciation and amortization	606	574	1,211	1,161
Personnel and other operating expenses	626	1,317	1,933	2,518
Total expenses	1,456	2,150	3,595	4,420
(Loss) income before income taxes	1,309	229	1,573	3,093
Total revenue from non-affiliates	2,427	2,041	4,491	6,836
Operating Segments [Member] | Corporate and Other [Member]
Revenue:
Net income (loss) from investment portfolio	(1,228)	2,392	(912)	3,887
Other	1,472	267	2,308	827
Total revenue	244	2,659	1,396	4,714
Expenses:
Stock-based compensation expense	2,158	1,618	4,466	2,832
Interest expense	1,291	1,766	1,665	3,518
Depreciation and amortization	302	364	474	540
Personnel and other operating expenses	1,913	641	3,647	2,335
Total expenses	5,664	4,389	10,252	9,225
(Loss) income before income taxes	(5,420)	(1,730)	(8,856)	(4,511)
Total revenue from non-affiliates	359	2,715	90	4,239
Operating Segments [Member] | TypTap [Member]
Revenue:
Gross premiums earned	67,443	39,000	128,065	67,811
Premiums ceded	(20,629)	(12,585)	(37,562)	(22,094)
Net premiums earned	46,814	26,415	90,503	45,717
Net income (loss) from investment portfolio	283	495	267	831
Policy fee income	424	291	827	549
Other	532	475	1,001	650
Total revenue	48,053	27,676	92,598	47,747
Expenses:
Losses and loss adjustment expenses	38,692	16,440	67,680	28,752
Amortization of deferred policy acquisition costs	7,167	5,553	16,589	10,190
Other policy acquisition expenses	3,135	2,021	3,418	3,062
Stock-based compensation expense	897	1,600	1,782	1,967
Interest expense	211		411	90
Depreciation and amortization	774	312	1,335	600
Personnel and other operating expenses	8,526	6,233	16,019	11,355
Total expenses	59,402	32,159	107,234	56,016
(Loss) income before income taxes	(11,349)	(4,483)	(14,636)	(8,269)
Total revenue from non-affiliates	49,009	27,813	93,832	48,192
Gross premiums written	73,013	60,725	159,166	105,615
Intersegment Eliminations [Member]
Revenue:
Gross premiums earned	(1,955)	(2,410)	(2,957)	(4,800)
Premiums ceded	1,403	2,250	2,127	4,640
Net premiums earned	(552)	(160)	(830)	(160)
Net income (loss) from investment portfolio	1,835	294	1,970	3,021
Other	(4,672)	(3,156)	(8,385)	(8,923)
Total revenue	(3,389)	(3,022)	(7,245)	(6,062)
Expenses:
Losses and loss adjustment expenses	(554)	(164)	(833)	(164)
Amortization of deferred policy acquisition costs
Other policy acquisition expenses		125		(59)
Stock-based compensation expense
Interest expense	(211)	(25)	(411)	(270)
Depreciation and amortization	(600)	(605)	(1,223)	(1,238)
Personnel and other operating expenses	(2,024)	(2,353)	(4,778)	(4,331)
Total expenses	$ (3,389)	$ (3,022)	$ (7,245)	$ (6,062)

Segment Information - Summary_2

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Gross premiums earned	$ 181,124	$ 139,440	$ 360,049	$ 270,382
Reinsurance [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	1,955	2,410	2,957	4,800
HCPCI [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	$ 113,681	$ 100,440	$ 231,984	$ 202,571

Segment Information - Summary_3

Segment Information - Summary of Segment Assets Reconciled to Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 1,280,703	$ 1,176,857
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(90,898)	(62,252)
HCPCI Insurance Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	635,564	676,509
Real Estate Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	127,953	127,651
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	176,474	65,349
TypTap [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 431,610	$ 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	Jun. 30, 2022	Dec. 31, 2021
Operating leases:
ROU Assets	$ 1,861	$ 2,204
Lease liabilities - operating leases	$ 1,824	$ 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	$ 80	$ 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	$ 21	$ 31

Leases - Summarizes the Company

Leases - Summarizes the Company's operating and finance leases in which the Company (Detail)	6 Months Ended
	Jun. 30, 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	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 1,090
2023	177
2024	98
2025	103
2026	109
Thereafter	434
Total lease payments	2,011
Less: interest	187
Total lease obligations	1,824	$ 2,203
2022	16
2023	5
2024	1
2025	0
2026	0
Thereafter	0
Total lease payments	22
Less: interest	1
Total lease obligations	$ 21	$ 31

Leases -The Company's operating

Leases -The Company's operating and finance leases (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance lease costs:
Amortization - ROU assets	$ 5	$ 5	$ 10	$ 9
Interest expense				1
Operating lease costs	282	391	656	845
Short-term lease costs	91	113	201	150
Total lease costs	$ 378	$ 509	867	1,005
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – finance leases				1
Operating cash flows – operating leases			648	848
Financing cash flows – finance leases			$ 10	$ 9
Weighted-average remaining lease term:
Finance leases (in years)	1 year 6 months		1 year 6 months
Operating leases (in years)	4 years 2 months 12 days		4 years 2 months 12 days
Weighted-average discount rate:
Finance leases	3.40%		3.40%
Operating leases	3.90%		3.90%

Leases - Summarizes the Compa_2

Leases - Summarizes the Company's operating leases (Detail)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (3,018)	$ 1,267	$ (1,808)	$ 4,524
Effective tax rate	26.10%	24.90%	23.90%	29.80%

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			6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021		Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (8,542)	$ 3,830		$ (5,751)	$ 10,675
Less: Net income attributable to redeemable noncontrolling interest	(2,268)	(2,179)		(4,516)	(2,973)
Less: TypTap Group's net loss attributable to non-HCI common stockholders and TypTap Group's participating securities	829	429		1,189	501
Net (loss) income attributable to HCI	(9,981)	2,080		(9,078)	8,203
Less: Loss (income) attributable to participating securities	635	(168)		590	(569)
Basic (Loss) Earnings Per Share:
(Loss) income allocated to common stockholders (Numerator)	$ (9,346)	$ 1,912		$ (8,488)	$ 7,634
(Loss) Income allocated to common stockholders, Shares (Denominator)	9,022	7,526		9,249	7,500
(Loss) Income allocated to common stockholders, Per Share Amount	$ (1.04)	$ 0.25		$ (0.92)	$ 1.02
Diluted Earnings Per Share:
(Loss) income available to common stockholders and assumed conversions, Income (Numerator)	$ (9,346)	$ 1,912		$ (8,488)	$ 7,634
(Loss) income available to common stockholders and assumed conversions, Shares (Denominator)	9,022	7,948		9,249	7,802
(Loss) income available to common stockholders and assumed conversions, Per Share Amount	$ (1.04)	$ 0.24		$ (0.92)	$ 0.98
Warrant [Member]
Diluted (Loss) Earnings Per Share:
Dilutive Securities, Shares (Denominator)		247	[1]		161	[2]
Stock Options [Member]
Diluted (Loss) Earnings Per Share:
Dilutive Securities, Shares (Denominator)		175	[1]		141	[2]
[1] (a) Shares in thousands. * For the three months ended June 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the three months ended June 30, 2021, convertible senior notes were excluded due to anti-dilutive effect. (a) Shares in thousands. * For the six months ended June 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the six months ended June 30, 2021, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Summary of Activity of Redeemable Noncontrolling Interest (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests [Abstract]
Beginning Balance		$ 89,695	$ 89,955	$ 85,892	$ 0	$ 89,955	$ 0
Initial proceeds from Centerbridge			0		100,000
Increase (decrease):
Proceeds allocated to warrants	[1]		0		(9,217)
Issuance costs			0		(6,262)
Issuance costs allocated to warrants	[1]		0		577
Accrued cash dividends		1,500	1,342	1,250	458	2,842	1,708
Accretion - increasing dividend rates		768	906	929	336	1,674	1,265
Cash dividends paid to redeemable noncontrolling interest			(2,508)		0	(2,508)	0
Ending Balance		$ 91,963	$ 89,695	$ 88,071	$ 85,892	$ 91,963	$ 88,071
[1] *Net decrease related to warrants of $ 8,640 .

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Summary of Activity of Redeemable Noncontrolling Interest (Parenthetical) (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
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				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Temporary Equity [Line Items]
Exercise price	$ 54.40				$ 54.40
Net income attributable to redeemable noncontrolling interest	$ 2,268		$ 2,179		$ 4,516	$ 2,973
Accrued cash dividends	1,500	$ 1,342	1,250	$ 458	2,842	1,708
Accretion - increasing dividend rates	$ 768	$ 906	$ 929	$ 336	$ 1,674	$ 1,265

Equity (Common Stock) - Additio

Equity (Common Stock) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 26, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Class of Stock [Line Items]
Common stock repurchase authorized amount						$ 20,000
Stock Repurchased and Retired During Period, Value		$ (67,705)	$ (1,288)	$ (68,103)	$ (1,308)
Dividends per common share	$ 0.40
Dividends, date of declared	Apr. 26, 2022
Dividends, date of record	May 17, 2022
Dividends, date of payment	Jun. 17, 2022
Share Repurchase Plan [Member]
Class of Stock [Line Items]
Retired Stock Acquired Average Cost Per Share		$ 63.92		$ 63.92
Stock Repurchased and Retired During Period, Value		$ (1,884)		$ (1,884)
Treasury Stock Acquired, Average Cost Per Share		$ 63.95		$ 63.95
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares		(1,050,790)	(16,822)	(1,056,997)	(17,193)
Common Stock [Member] | Share Repurchase Plan [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares		(29,465)		(29,465)

Equity (Warrants) - Additional

Equity (Warrants) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Class of Stock [Line Items]
Warrants	750,000		750,000
Debt Conversion, Converted Instrument, Rate			4.25%
Shares delivered under prepaid forward contract					191,100
Repurchase and retirement of common stock, value	$ 67,705	$ 1,288	$ 68,103	$ 1,308
Exercise price	$ 54.40		$ 54.40
Warrants Expiration Date	Feb. 26, 2025		Feb. 26, 2025
4.75% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%		4.75%
4.75% Convertible Senior Notes [Member] | Share Repurchase Agreement [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%		4.75%
Treasury Stock Acquired Average Cost Per Share			$ 64.43
Repurchase and retirement of common stock, value			$ (66,853)
Repurchase and retirement of common stock, shares			1,037,600

Equity (Noncontrolling Interest

Equity (Noncontrolling Interest) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Common stock, outstanding	9,047,972		9,047,972		10,131,399
Purchase of noncontrolling interests			$ (389)	$ (58)
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares	(1,050,790)	(16,822)	(1,056,997)	(17,193)
TTIG [Member]
Class of Stock [Line Items]
Common stock, outstanding	81,138,380		81,138,380
Common stock shares outstanding not owned by entity	6,138,380		6,138,380
Repurchase and retirement of common stock, shares	(45,239)		(66,983)
Purchase of noncontrolling interests	$ (262)		$ (389)

Stock-Based Compensation (2012

Stock-Based Compensation (2012 Omnibus Incentive Plan) - Additional Information (Detail)	Jun. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for grant	1,108,940

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Options) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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	$ 4,242	$ 4,155	$ 8,579	$ 6,497
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	161	219	345	442
Deferred tax benefits recognized	0	0	0	1
Unrecognized compensation expense related to nonvested stock options	660		$ 660		$ 1,005
Recognition of remaining compensation expense over a weighted-average period			1 year 3 months 18 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 3,184	$ 2,336	$ 6,452	$ 4,241
Recognition of remaining compensation expense over a weighted-average period			2 years 1 month 6 days
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		6 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 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	440,000	440,000
Exercised, Number of Options			0	0
Outstanding, Ending Balance, Number of Options	440,000	440,000	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	$ 45.25	$ 45.25
Outstanding, Ending Balance, Weighted Average Exercise Price	$ 45.25	$ 45.25	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 1 month 6 days	7 years 1 month 6 days	6 years 7 months 6 days	7 years 7 months 6 days
Exercisable, Weighted-Average Remaining Contractual Term			5 years 9 months 18 days	6 years 7 months 6 days
Outstanding, Aggregate Intrinsic Value	$ 10,494	$ 13,464	$ 9,354	$ 23,883	$ 18,119	$ 3,113
Exercisable, Aggregate Intrinsic Value			$ 7,965	$ 15,436

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	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	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		630,065	679,997	786,973	423,787
Granted, Number of Restricted Stock Awards		3,000	4,000	3,000	548,086
Vested, Number of Restricted Stock Awards		(51,125)	(50,667)	(68,541)	(41,250)
Cancelled, Number of Restricted Stock Awards				(1,160)	(141,600)
Forfeited, Number of Restricted Stock Awards		(700)	(3,265)	(9,060)	(2,050)
Ending balance, shares		581,240	630,065	711,212	786,973
Nonvested, Weighted-Average Grant Date Fair Value, Beginning balance		$ 39	$ 39.72	$ 39.11	$ 43.79
Granted, Weighted-Average Grant Date Fair Value		67.30	70.58	76	36.95
Vested, Weighted-Average Grant Date Fair Value		45.04	50.68	43.80	42.18
Cancelled, Weighted-Average Grant Date Fair Value				45.96	43.76
Forfeited, Weighted-Average Grant Date Fair Value		45.61	45.85	46.44	45.67
Nonvested, Weighted-Average Grant Date Fair Value, Ending balance		$ 38.61	$ 39	$ 38.71	$ 39.11

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended
	Feb. 28, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		$ 4,242	$ 4,155		$ 8,579	$ 6,497
Cancelled, Number of Restricted Stock Awards	(141,600)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		3,184	$ 2,336		6,452	4,241
Unrecognized compensation expense related to nonvested restricted stock		12,845			$ 12,845		$ 18,995
Recognition of remaining compensation expense over a weighted-average period					2 years 1 month 6 days
Cancelled, Number of Restricted Stock Awards			(1,160)	(141,600)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		$ 161	$ 219		$ 345	$ 442
Recognition of remaining compensation expense over a weighted-average period					1 year 3 months 18 days

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred tax benefits recognized (derecognized)	$ 639	$ 495	$ 1,291	$ 459
Tax benefits realized for restricted stock and paid dividends	902	1,357	1,304	1,412
Fair value of vested restricted stock	$ 2,303	$ 3,002	$ 4,871	$ 4,742

Stock-Based Compensation (Subsi

Stock-Based Compensation (Subsidiary Equity Plan) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 4,242		$ 4,155		$ 8,579	$ 6,497
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	3,000	4,000	3,000	548,086
Recognized compensation expenses	$ 3,184		$ 2,336		6,452	4,241
Unrecognized compensation expense related to nonvested restricted stock	12,845				12,845		$ 18,995
TTIG [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	897		$ 1,599		1,782	$ 1,814
Unrecognized compensation expense related to nonvested restricted stock and stock options	$ 9,558				$ 9,558		$ 11,230

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands		1 Months Ended	6 Months Ended
	May 31, 2022 USD ($) a	Oct. 31, 2021	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Area of land sell | a	1.5
Proceeds from sale of land	$ 14,500
Unfunded Balance			$ 6,465	$ 11,073
Percentage of FIGA Assessment levied on Collected Premium		0.70%	1.30%
Amount of FIGA Assessments payable			$ 954

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Future Minimum Aggregate Premium Amounts Payable to Reinsurer (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
2022	$ 91,350
2023	91,350
Total	$ 182,700

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands	Sep. 16, 2022	Aug. 19, 2022	Jul. 14, 2022 $ / shares	Jul. 01, 2022 USD ($) a	May 31, 2022 USD ($) a	Apr. 26, 2022 $ / shares
Subsequent Event [Line Items]
Dividends per common share | $ / shares						$ 0.40
Dividends, date of declared						Apr. 26, 2022
Dividends, date of record						May 17, 2022
Area of Land | a					1.5
Proceeds from sale of land					$ 14,500
Dividends, date of paid						Jun. 17, 2022
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends per common share | $ / shares			$ 0.40
Dividends, date of declared			Jul. 14, 2022
Dividends, date of record		Aug. 19, 2022
Area of Land | a				1.5
Proceeds from sale of land				$ 14,500
Gain (loss) on involuntary conversions				$ 13,402
Dividends, date of paid	Sep. 16, 2022