HCI (HCI) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 01, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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		8,756,970

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Assets
Fixed-maturity securities, available for sale, at fair value (amortized cost: $371,877 and $41,953, respectively and allowance for credit losses: $0 and $0, respectively)		$ 360,639	$ 42,583
Equity securities, at fair value (cost: $36,639 and $46,276, respectively)		33,946	51,740
Limited partnership investments		25,405	28,133
Investment in unconsolidated joint venture, at equity	[1]	18	363
Real estate investments		71,500	73,896
Total investments		491,508	196,715
Cash and cash equivalents		355,699	628,943
Restricted cash		2,900	2,400
Accrued interest and dividends receivable		2,032	353
Income taxes receivable		8,134	4,084
Premiums receivable, net (allowance: $4,573 and $1,750, respectively)		51,762	68,157
Prepaid reinsurance premiums		104,539	26,355
Reinsurance recoverable, net of allowance for credit losses:
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)		14,592	11,985
Unpaid losses and loss adjustment expenses (allowance: $451 and $90, respectively)		938,404	64,665
Deferred policy acquisition costs		48,258	57,695
Property and equipment, net		17,749	14,232
Right-of-use assets - operating leases		1,597	2,204
Intangible assets, net		13,651	10,636
Funds withheld for assumed business		67,313	73,716
Other assets		26,605	14,717
Total assets		2,144,743	1,176,857
Liabilities and Equity
Losses and loss adjustment expenses		1,201,842	237,165
Unearned premiums		379,609	366,744
Advance premiums		28,672	13,771
Reinsurance payable on paid losses and loss adjustment expenses		3,046	4,017
Ceded reinsurance premiums payable		0	19,318
Accrued expenses		18,788	15,453
Deferred income taxes, net		1,705	11,739
Revolving credit facility		0	15,000
Long-term debt		211,667	45,504
Lease liabilities - operating leases		1,539	2,203
Other liabilities		33,453	31,485
Total liabilities		1,880,321	762,399
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest (Note 17)		91,248	89,955
Equity:
Common stock (no par value, 40,000,000 shares authorized, 8,926,845 and 10,131,399 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively)		0	0
Additional paid-in capital		9,969	76,077
Retained income		175,056	246,790
Accumulated other comprehensive income, net of taxes		(10,795)	498
Total stockholders’ equity		174,230	323,365
Noncontrolling interests		(1,056)	1,138
Total equity		173,174	324,503
Total liabilities, redeemable noncontrolling interest and equity		$ 2,144,743	$ 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	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Available-for-sale Debt securities, Amortized cost	$ 371,877	$ 41,953
Available-for-sale Debt securities, Allowance for credit losses	0	0
Equity securities , cost	36,639	46,276
Premiums Receivable, Allowance	4,573	1,750
Paid losses and loss adjustments allowance	0	0
Unpaid losses and loss adjustments allowance	$ 451	$ 90
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	8,926,845	10,131,399
Common stock, outstanding	8,926,845	10,131,399

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Revenue
Gross premiums earned	$ 181,713	[1]	$ 149,809	$ 541,762	[2]	$ 420,191
Premiums ceded	(74,741)		(55,577)	(184,108)		(145,112)
Net premiums earned	106,972		94,232	357,654		275,079
Net investment income	18,530		2,520	25,082		9,749
Net realized investment (losses) gains	(884)		1,232	(1,204)		4,952
Net unrealized investment losses	(347)		(1,869)	(8,157)		(649)
Policy fee income	1,071		1,000	3,180		2,962
Other	1,312		2,102	3,065		3,502
Total revenue	126,654		99,217	379,620		295,595
Expenses
Losses and loss adjustment expenses	139,794		62,664	299,328		164,332
Policy acquisition and other underwriting expenses	24,678		23,340	80,949		69,574
General and administrative personnel expenses	15,848		11,537	45,183		31,733
Interest expense	2,813		1,664	4,929		5,743
Debt conversion expense	0		1,273	0		1,273
Other operating expenses	7,123		5,243	20,392		14,245
Total expenses	190,256		105,721	450,781		286,900
(Loss) income before income taxes	(63,602)		(6,504)	(71,161)		8,695
Income tax (benefit) expense	(12,099)		(1,636)	(13,907)		2,888
Net (loss) income	(51,503)		(4,868)	(57,254)		5,807
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,285)		(2,202)	(6,801)		(5,175)
Net loss attributable to noncontrolling interests	2,829		833	4,018		1,196
Net (loss) income after noncontrolling interests	$ (50,959)		$ (6,237)	$ (60,037)		$ 1,828
Basic (loss) earnings per share	$ (5.66)		$ (0.72)	$ (6.26)		$ 0.23
Diluted (loss) earnings per share	$ (5.66)		$ (0.72)	$ (6.26)		$ 0.22
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 98,985 from HCPCI and $ 5,686 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 330,969 from HCPCI and $ 8,643 from a reinsurance company.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (51,503)	$ (4,868)	$ (57,254)	$ 5,807
Other comprehensive loss:
Net unrealized losses arising during the period	(5,969)	(258)	(12,294)	(341)
Call and repayment gains charged to investment income	0	0	0	(2)
Reclassification adjustment for net realized losses (gains)	5	(88)	426	(665)
Net change in unrealized losses	(5,964)	(346)	(11,868)	(1,008)
Deferred income taxes on above change	(1,337)	85	154	247
Total other comprehensive loss, net of income taxes	(7,301)	(261)	(11,714)	(761)
Comprehensive (loss) income	(58,804)	(5,129)	(68,968)	5,046
Comprehensive loss attributable to noncontrolling interests	3,095	839	4,439	1,212
Comprehensive (loss) income after noncontrolling interests	$ (55,709)	$ (4,290)	$ (64,529)	$ 6,258

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)	5,807,000				6,692,000			6,692,000		$ (885,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(5,175,000)				(4,864,000)			(4,864,000)		(311,000)
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	(761,000)						(745,000)	(745,000)		(16,000)
Issuance of restricted stock, shares			553,426
Forfeiture of restricted stock, shares			(49,965)
Common stock issued on conversions of 4.25% senior notes	82,339,000			$ 82,339,000				82,339,000
Common stock issued on conversions of 4.25% senior notes, Share			1,361,954
Cancellation of restricted stock, shares			(142,760)
Stock repurchased and retired, total costs	(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	2,228,000									2,228,000
Issuance of warrants, net of issuance costs (Note 17)	8,640,000			8,640,000				8,640,000
Common stock dividends	(9,713,000)				(9,713,000)			(9,713,000)
Stock-based compensation	6,943,000			6,943,000				6,943,000
Additional paid-in capital shortfall adjustment allocated to retained income				(62,119,000)	62,119,000
Ending Balance at Sep. 30, 2021	292,528,000			39,905,000	250,808,000		799,000	291,512,000		1,016,000
Ending Balance, shares at Sep. 30, 2021			9,591,079
Beginning Balance at Jun. 30, 2021	218,049,000				215,612,000		1,054,000	216,666,000		1,383,000
Beginning Balance, shares at Jun. 30, 2021			8,265,640
Net income (loss)	(4,868,000)				(4,346,000)			(4,346,000)		(522,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,202,000)				(1,891,000)			(1,891,000)		(311,000)
Total other comprehensive income (loss), net of income taxes	(261,000)						(255,000)	(255,000)		(6,000)
Issuance of restricted stock, shares			2,340
Forfeiture of restricted stock, shares			(38,855)
Common stock issued on conversions of 4.25% senior notes	82,339,000			82,339,000				82,339,000
Common stock issued on conversions of 4.25% senior notes, Share			1,361,954
Dilution from subsidiary stock-based compensation	472,000									472,000
Common stock dividends	(3,261,000)				(3,261,000)			(3,261,000)
Stock-based compensation	2,260,000			2,260,000				2,260,000
Additional paid-in capital shortfall adjustment allocated to retained income				(44,694,000)	44,694,000
Ending Balance at Sep. 30, 2021	292,528,000			39,905,000	250,808,000		799,000	291,512,000		1,016,000
Ending Balance, shares at Sep. 30, 2021			9,591,079
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)	(57,254,000)				(53,753,000)			(53,753,000)		(3,501,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(6,801,000)				(6,284,000)			(6,284,000)		(517,000)
Total other comprehensive income (loss), net of income taxes	(11,714,000)						(11,293,000)	(11,293,000)		(421,000)
Issuance of restricted stock, shares			7,000
Forfeiture of restricted stock, shares			(5,630)
Common stock issued on conversions of 4.25% senior notes	0
Stock repurchased and retired, total costs	(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			(148,927)
Repurchase and retirement of common stock under share repurchase plan, value	(8,063,000)			(8,063,000)				(8,063,000)
Dilution from subsidiary stock-based compensation	2,245,000									2,245,000
Common stock dividends	(11,697,000)				(11,697,000)			(11,697,000)
Stock-based compensation	10,058,000			10,058,000				10,058,000
Ending Balance at Sep. 30, 2022	173,174,000			9,969,000	175,056,000		(10,795,000)	174,230,000		(1,056,000)
Ending Balance, shares at Sep. 30, 2022			8,926,845
Beginning Balance at Jun. 30, 2022	239,935,000			12,887,000	229,621,000		(3,760,000)	238,748,000		1,187,000
Beginning Balance, shares at Jun. 30, 2022			9,047,972
Net income (loss)	(51,503,000)				(48,846,000)			(48,846,000)		(2,657,000)
Net income attributable to redeemable noncontrolling interest (Note 17)	(2,285,000)				(2,113,000)			(2,113,000)		(172,000)
Total other comprehensive income (loss), net of income taxes	(7,301,000)						(7,035,000)	(7,035,000)		(266,000)
Forfeiture of restricted stock, shares			(1,665)
Repurchase and retirement of common stock under share repurchase plan, shares			(119,462)
Repurchase and retirement of common stock under share repurchase plan, value	(6,179,000)			(6,179,000)				(6,179,000)
Dilution from subsidiary stock-based compensation	852,000									852,000
Common stock dividends	(3,606,000)				(3,606,000)			(3,606,000)
Stock-based compensation	3,261,000			3,261,000				3,261,000
Ending Balance at Sep. 30, 2022	$ 173,174,000			$ 9,969,000	$ 175,056,000		$ (10,795,000)	$ 174,230,000		$ (1,056,000)
Ending Balance, shares at Sep. 30, 2022			8,926,845

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common stock dividends	$ 0.40	$ 0.40	$ 1.20	$ 1.20
Debt instrument stated interest rate	4.25%	4.25%	4.25%	4.25%

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net (loss) income after noncontrolling interests	$ (60,037)	$ 1,828
Net income attributable to noncontrolling interests	2,783	3,979
Net (loss) income	(57,254)	5,807
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Stock-based compensation expense	12,709	9,229
Net (accretion of discount) amortization of premiums on investments in fixed-maturity securities	(922)	180
Depreciation and amortization	5,659	4,276
Deferred income tax benefit	(9,880)	(6,989)
Net realized investment losses (gains)	1,204	(4,952)
Net unrealized investment losses	8,157	649
Credit loss expense - reinsurance recoverable	361	(41)
Net income from unconsolidated joint venture	(495)	(423)
Distributions received from unconsolidated joint venture	489	114
Net income from limited partnership interests	(3,064)	(3,491)
Distributions received from limited partnership interests	2,417	2,345
Debt conversion expense	0	1,273
Gain on involuntary conversion	(13,402)	0
Gain on sale of real estate investment	(376)	0
Foreign currency remeasurement loss	91	48
Other non-cash items	(38)	37
Changes in operating assets and liabilities:
Accrued interest and dividends receivable	(1,679)	125
Income taxes	(4,050)	8,128
Premiums receivable, net	16,395	25,304
Prepaid reinsurance premiums	(78,184)	(11,592)
Reinsurance recoverable	(876,707)	36,061
Deferred policy acquisition costs	9,437	(3,271)
Funds withheld for assumed business	6,403	(79,965)
Other assets	(11,317)	5,727
Losses and loss adjustment expenses	964,677	(8,992)
Unearned premiums	12,865	64,900
Advance premiums	14,901	7,692
Assumed reinsurance balances payable	0	1
Reinsurance payable on paid losses and loss adjustment expenses	(971)	4,727
Ceded reinsurance premiums payable	(19,318)	(7,447)
Accrued expenses and other liabilities	3,631	(789)
Net cash (used in) provided by operating activities	(18,261)	48,671
Cash flows from investing activities:
Investments in limited partnership interests	(1,357)	(837)
Distributions received from limited partnership interests	4,732	3,635
Distribution received from unconsolidated joint venture	351	623
Purchase of property and equipment	(5,431)	(2,583)
Purchase of real estate investments	(445)	(657)
Purchase of intangible assets	(3,800)	0
Purchase of fixed-maturity securities	(393,145)	(10,504)
Purchase of equity securities	(20,921)	(72,707)
Purchase of short-term and other investments	(32)	(1,161)
Compensation Received for Property Relinquished through Eminent Domain	14,500	0
Proceeds from sales of real estate investments	667	0
Proceeds from sales of fixed-maturity securities	11,694	18,838
Proceeds from calls, repayments and maturities of fixed-maturity securities	52,023	16,734
Proceeds from sales of equity securities	29,316	81,292
Proceeds from sales, redemptions and maturities of short-term and other investments	496	2,414
Net cash (used in) provided by investing activities	(311,352)	35,087
Cash flows from financing activities:
Cash dividends paid	(11,774)	(9,943)
Cash dividends received under share repurchase forward contract	77	230
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	(5,508)	(2,542)
Proceeds from issuance of long-term debt	172,500	0
Repayment of long-term debt	(754)	(724)
Repurchases of common stock	(68,103)	(1,308)
Repurchases of common stock under share repurchase plan	(8,063)	0
Purchase of noncontrolling interests	(406)	(58)
Debt conversion expense paid	0	(1,414)
Debt issuance costs	(6,014)	(152)
Net cash provided by financing activities	56,955	54,077
Effect of exchange rate changes on cash	(86)	(42)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(272,744)	137,793
Cash, cash equivalents, and restricted cash at beginning of period	631,343	433,741
Cash, cash equivalents, and restricted cash at end of period	358,599	571,534
Supplemental disclosure of cash flow information:
Cash paid for income taxes	100	1,748
Cash paid for interest	1,665	6,686
Non-cash investing and financing activities:
Unrealized loss on investments in available-for-sale securities, net of tax	(11,714)	(761)
Receivable from maturities of fixed-maturity securities	0	18
Common stock issued on conversions of 4.25% senior notes	0	82,339
Warrants issued in Centerbridge transaction	0	9,217
Asset acquired under finance lease	0	7
Acquisition of intangibles:
Common stock issued	0	5,410
Contingent consideration payable	$ 1,069	$ 2,419

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
Debt instrument stated interest rate	4.25%	4.25%

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 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. Impact of Hurricane Ian On September 28, 2022, Hurricane Ian made landfall in southwestern Florida as a dangerous, high-end Category 4 storm. After crossing the Florida peninsula, it made a second landfall on September 30, 2022 in coastal South Carolina. On a pre-tax consolidated basis, estimated gross losses related to Hurricane Ian totaled $ 970,000 . After anticipated reinsurance recoveries, the Company incurred a net estimated loss of approximately $ 65,000 . Gross loss estimates, including loss adjustment expenses, for HCPCI and TypTap were $ 550,518 and $ 419,482 , respectively. As a result of Hurricane Ian, the balance of previously accrued benefits under one multi-year reinsurance contract with retrospective provisions was decreased by $ 12,600 during the third quarter of 2022. In addition, the Company recognized an allowance for credit losses of approximately $ 399 related to Hurricane Ian’s unpaid ceded reinsurance recoverable. On September 28, 2022, the Florida Office of Insurance Regulation issued an emergency order in response to Hurricane Ian preventing insurers regulated under the Florida Insurance Code from cancelling or non-renewing a policy as well as issuing a notice of cancellation or nonrenewal of a policy between September 28, 2022 and November 28, 2022, except at the written request of the policyholder. This rule does not apply to new policies effective on or after September 28, 2022. 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. 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 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. See Note 21 -- “Subsequent Events” for additional information.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 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 September 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. Allowance for Credit Losses Allowance for credit losses represents an estimation of potential losses that the Company may experience due to credit risk. The allowance for credit losses account is a contra account of a financial asset to reflect the net amount expected to be collected. For certain financial assets related to insurance business such as reinsurance recoverable and reinsurance receivable for premium refund, the Company uses a rating-based method, which is a modified version of the probability of default method. It requires two key inputs: a) the liquidation rate and b) the amount of loss exposure. The liquidation rate, which is published annually, is the ratio of impaired insurance companies that were eventually liquidated to the group of insurance companies considered by A.M. Best in its study. The amount of loss exposure represents the future billing balance, net of any collateral, spread over the projected periods that are based on the Company’s historical claim payment pattern. The rating-based method measures credit losses by multiplying the future billings grouped by insurance rating over the projected periods by their corresponding liquidation rates by insurance rating. For paid reinsurance recoverable which is due within 90 days after billing, the Company will rely heavily on each reinsurer’s current rating, recent financial condition, and historical collection problems, if any, in determining the expected credit loss. For risk attributable to disagreements between an insurer and reinsurer regarding a difference in interpretation of provisions in a reinsurance agreement (“dispute risk”), the Company will continue to use an incurred loss method to estimate losses. At September 30, 2022, there was no dispute risk associated with the reinsurance recoverable balance. 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 nine months ended September 30, 2022 , revenues from claims processing services were $ 903 and $ 2,282 , respectively. For the three and nine months ended September 30, 2021 , revenues from claims processing services were $ 1,709 and $ 1,916 , respectively. At September 30, 2022 and December 31, 2021 , other assets included $ 1,418 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 for the nine months ended September 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	9 Months Ended
	Sep. 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. September 30, December 31, 2022 2021 Cash and cash equivalents $ 355,699 $ 628,943 Restricted cash 2,900 2,400 Total $ 358,599 $ 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 and are included in funds withheld for assumed business on the consolidated balance sheets.

Investments

Investments	9 Months Ended
	Sep. 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 September 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 September 30, 2022 U.S. Treasury and U.S. government agencies $ 339,666 $ — $ 1 $ ( 9,814 ) $ 329,853 Corporate bonds 29,642 — — ( 1,410 ) 28,232 States, municipalities, and political subdivisions 1,762 — — ( 11 ) 1,751 Exchange-traded debt 700 — 3 ( 2 ) 701 Redeemable preferred stock 107 — — ( 5 ) 102 Total $ 371,877 $ — $ 4 $ ( 11,242 ) $ 360,639 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 September 30, 2022 and December 31, 2021 are as follows: September 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 $ 124,676 $ 124,402 $ 10,734 $ 10,826 Due after one year through five years 242,499 232,166 19,222 19,820 Due after five years through ten years 4,208 3,577 11,503 11,403 Due after ten years 494 494 494 534 $ 371,877 $ 360,639 $ 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 nine months ended September 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2022 $ 200 $ — $ ( 5 ) Three months ended September 30, 2021 $ 4,158 $ 94 $ ( 6 ) Nine months ended September 30, 2022 $ 11,694 $ 13 $ ( 439 ) Nine months ended September 30, 2021 $ 18,838 $ 671 $ ( 6 ) Gross Unrealized Losses for Available-for-Sale Fixed-Maturity Securities Securities with gross unrealized loss positions at September 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 September 30, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 9,677 ) $ 324,643 $ ( 137 ) $ 2,233 $ ( 9,814 ) $ 326,876 Corporate bonds ( 1,164 ) 26,947 ( 246 ) 1,285 ( 1,410 ) 28,232 States, municipalities, and political ( 11 ) 1,751 — — ( 11 ) 1,751 Exchange-traded debt ( 2 ) 517 — — ( 2 ) 517 Redeemable preferred stock ( 5 ) 102 — — ( 5 ) 102 Total available-for-sale securities $ ( 10,859 ) $ 353,960 $ ( 383 ) $ 3,518 $ ( 11,242 ) $ 357,478 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 September 30, 2022 and December 31, 2021 , there were 88 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 nine months ended September 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 $ — $ — Balance at September 30 $ — $ — b) Equity Securities The Company holds investments in equity securities measured at fair values which are readily determinable. At September 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 September 30, 2022 $ 36,639 $ 1,873 $ ( 4,566 ) $ 33,946 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net (losses) gains recognized $ ( 1,279 ) $ ( 916 ) $ ( 9,144 ) $ 2,620 Exclude: Net realized (losses) gains ( 932 ) 953 ( 987 ) 3,269 Net unrealized losses recognized $ ( 347 ) $ ( 1,869 ) $ ( 8,157 ) $ ( 649 ) Sales of Equity Securities Proceeds received, and the gross realized gains and losses from sales of equity securities, for the three and nine months ended September 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2022 $ 4,889 $ 135 $ ( 1,067 ) Three months ended September 30, 2021 $ 24,781 $ 1,141 $ ( 188 ) Nine months ended September 30, 2022 $ 29,316 $ 1,988 $ ( 2,975 ) Nine months ended September 30, 2021 $ 81,292 $ 4,266 $ ( 997 ) 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: September 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 $ 4,120 $ — 15.37 $ 6,076 $ 2,085 15.37 Value creation through active distressed debt 3,312 — 1.67 3,423 — 1.69 High returns and long-term capital appreciation 4,421 — 0.18 6,270 1,401 0.18 Value-oriented investments in less liquid and 3,757 — 0.57 4,437 — 0.57 Value-oriented investments in mature real 7,103 3,633 1.32 5,977 4,537 1.36 Risk-adjusted returns on credit and equity 2,692 2,629 1.07 1,950 3,050 0.47 Total $ 25,405 $ 6,262 $ 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Operating results: Total income $ 208,468 $ ( 13,796 ) $ 724,413 $ 359,885 Total expenses ( 45,537 ) ( 24,828 ) ( 117,877 ) ( 105,548 ) Net income (loss) $ 162,931 $ ( 38,624 ) $ 606,536 $ 254,337 September 30, December 31, 2022 2021 Balance sheet: Total assets $ 5,488,857 $ 5,855,616 Total liabilities $ 409,604 $ 564,732 For the three and nine months ended September 30, 2022 , the Company recognized net investment income of $ 1,265 and $ 3,064 , respectively. During the three and nine months ended September 30, 2022 , the Company received total cash distributions of $ 2,768 and $ 7,149 , respectively, including returns on investment of $ 371 and $ 2,417 , respectively. For the three and nine months ended September 30, 2021 , the Company recognized net investment income of $ 1,132 and $ 3,491 , respectively. During the three and nine months ended September 30, 2021 , the Company received total cash distributions of $ 1,535 and $ 5,980 , respectively, including returns on investment of $ 553 and $ 2,345 , respectively. At September 30, 2022 and December 31, 2021 , the Company’s net cumulative contributed capital to the partnerships at each respective balance sheet date totaled $ 24,996 and $ 28,371 , respectively, and the Company’s maximum exposure to loss aggregated $ 25,405 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 September 30, 2022 and December 31, 2021 , the Company’s maximum exposure to loss relating to the variable interest entity was $ 18 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 . During the three and nine months ended September 30, 2022, the Company received a cash distribution of $ 840 , including return on investment of $ 489 . During the three and nine months ended September 30, 2021, the Company received a cash distribution of $ 737 , including return on investment of $ 114 . At September 30, 2022 and December 31, 2021, there wa s no undistributed income from this equity method investment. The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Operating results: Total revenues $ — $ 540 $ 572 $ 540 Total expenses — ( 14 ) ( 22 ) ( 70 ) Net income $ — $ 526 $ 550 $ 470 The Company’s share of net income* $ — $ 473 $ 495 $ 423 * Included in net investment income in the Company’s consolidated statements of income. September 30, December 31, 2022 2021 Balance sheet: Property and equipment, net $ — $ 357 Cash 2 29 Other 18 18 Total assets $ 20 $ 404 Members’ capital $ 20 $ 404 Total members’ capital $ 20 $ 404 Investment in unconsolidated joint venture, at equity** $ 18 $ 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 September 30, 2022 and December 31, 2021: September 30, December 31, 2022 2021 Land $ 38,327 $ 39,720 Land improvements 12,138 11,917 Buildings and building improvements 29,410 29,405 Tenant and leasehold improvements 1,554 1,511 Other 1,462 1,265 Total, at cost 82,891 83,818 Less: accumulated depreciation and amortization ( 11,391 ) ( 9,922 ) Real estate investments $ 71,500 $ 73,896 In May 2022, the Company sold one outparcel in Sorrento, Florida for net proceeds of $ 667 . 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 Florida Department of Transportation (“FDOT”) in connection with an eminent domain proceeding for a planned road improvement project. See additional information under f) Net Investment Income (Loss) below. Depreciation and amortization expense related to real estate investments was $ 480 and $ 475 for the three months ended September 30, 2022 and 2021 , respectively, and $ 1,469 and $ 1,445 for the nine months ended September 30, 2022 and 2021, respectively. f) Net Investment Income (Loss) Net investment income (loss), by source, is summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Available-for-sale fixed-maturity securities $ 2,125 $ 266 $ 3,710 $ 1,091 Equity securities 288 322 875 1,013 Investment expense ( 117 ) ( 134 ) ( 367 ) ( 388 ) Limited partnership investments 1,265 1,132 3,064 3,491 Real estate investments 13,897 305 15,782 3,646 Net income from unconsolidated joint — 473 495 423 Cash and cash equivalents 1,072 156 1,523 473 Net investment income $ 18,530 $ 2,520 $ 25,082 $ 9,749 For the three months ended September 30, 2022, income from real estate investments included a net realized gain of $ 13,402 resulting from the sale of 1.5 acres of land in Tampa, Florida in July 2022 for net proceeds of $ 14,500 to the FDOT in connection with an eminent domain proceeding for a planned road improvement project. For the nine months ended September 30, 2022, in addition to the aforementioned sale of land, 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 nine months ended September 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 September 30, 2022 and 2021 , net realized gains related to other investments were $ 53 and $ 191 , respectively, and $ 209 and $ 1,018 for the nine months ended September 30, 2022 and 2021 , respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Sep. 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 any 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 September 30, 2022 September 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 5,969 ) $ 1,336 $ ( 7,305 ) $ ( 258 ) $ ( 63 ) $ ( 195 ) Reclassification adjustment for realized 5 1 4 ( 88 ) ( 22 ) ( 66 ) Total other comprehensive loss $ ( 5,964 ) $ 1,337 $ ( 7,301 ) $ ( 346 ) $ ( 85 ) $ ( 261 ) Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 12,294 ) $ ( 262 ) $ ( 12,032 ) $ ( 341 ) $ ( 83 ) $ ( 258 ) Call and repayment gains charged to — — — ( 2 ) ( 1 ) ( 1 ) Reclassification adjustment for realized 426 108 318 ( 665 ) ( 163 ) ( 502 ) Total other comprehensive loss $ ( 11,868 ) $ ( 154 ) $ ( 11,714 ) $ ( 1,008 ) $ ( 247 ) $ ( 761 )

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of September 30, 2022 Financial Assets: Cash and cash equivalents $ 355,699 $ — $ — $ 355,699 Restricted cash $ 2,900 $ — $ — $ 2,900 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 321,520 $ 8,333 $ — $ 329,853 Corporate bonds 28,232 — — 28,232 State, municipalities, and political subdivisions — 1,751 — 1,751 Exchange-traded debt 701 — — 701 Redeemable preferred stock 102 — — 102 Total available-for-sale securities $ 350,555 $ 10,084 $ — $ 360,639 Equity securities $ 33,946 $ — $ — $ 33,946 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 September 30, 2022 and December 31, 2021: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of September 30, 2022 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 166,859 $ — $ 134,388 $ — $ 134,388 4.25 % Convertible Senior Notes 23,916 — 20,527 — 20,527 3.90 % Promissory Note 9,031 — — 8,058 8,058 3.75 % Callable Promissory Note 6,881 — — 6,137 6,137 4.55 % Promissory Note 4,963 — — 4,610 4,610 Total long-term debt $ 211,650 $ — $ 154,915 $ 18,805 $ 173,720 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	9 Months Ended
	Sep. 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: September 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 ( 5,023 ) ( 3,169 ) Intangible assets, net $ 13,651 $ 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 September 30, 2022 are summarized in the table below: Anchor tenant relationships 11.7 years In-place leases 9.8 years Policy renewal rights - United 3.6 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 September 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	9 Months Ended
	Sep. 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: September 30, December 31, 2022 2021 Benefits receivable related to retrospective reinsurance contracts $ 14,781 $ 3,064 Reimbursement receivable under TPA service 801 3,525 Prepaid expenses 3,384 2,853 Deposits 3,592 406 Lease acquisition costs, net 665 505 Other 3,382 4,364 Total other assets $ 26,605 $ 14,717

Revolving Credit Facility

Revolving Credit Facility	9 Months Ended
	Sep. 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 and at September 30, 2022 had no borrowings under the credit facility. For the three months ended September 30, 2022 and 2021, interest expense was $ 25 a nd $ 24 , respectively, includi ng $ 25 a nd $ 25 of amortization of issuance costs, respectively. For the nine months ended September 30, 2022 and 2021 , interest expense was $ 176 and $ 153 , respectively, including $ 74 and $ 74 of amortization of issuance costs, respectively. At September 30, 2022 , the Company was in compliance with all required covenants and had available borrowing capacity of $ 65,000 . See Note 21 -- “Subsequent Events” for information with regards to amendments to the terms of the credit agreement.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Note 10 -- Long-Term Debt The following table summarizes the Company’s long-term debt: September 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 9,163 9,431 3.75 % Callable Promissory Note, due through September 1, 2036 6,966 7,246 4.55 % Promissory Note, due through August 1, 2036 5,033 5,225 Finance lease liabilities, due through October 15, 2024 17 31 Total principal amount 217,595 45,849 Less: unamortized issuance costs ( 5,928 ) ( 345 ) Total long-term debt $ 211,667 $ 45,504 The following table summarizes future maturities of long-term debt as of September 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 September 30, 2022 $ 1,036 2023 1,065 2024 1,106 2025 1,151 2026 197,615 Thereafter 15,622 Total $ 217,595 Information with respect to interest expense related to long-term debt is as follows: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Interest Expense: Contractual interest $ 2,516 $ 1,421 $ 4,322 $ 4,832 Non-cash expense (a) 272 219 431 758 Total $ 2,788 $ 1,640 $ 4,753 $ 5,590 (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 September 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 September 30, 2022 , the remaining amortization period of the debt issuance costs was expected to be 4.7 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 September 30, 2022 , the conversion rate of the Company’s 4.25 % Convertible Senior Notes was 16.5108 shares of common stock for each $1 in principal amount, which was the equivalent of approximately $ 60.57 per share. The debt issuance costs for the 4.25% Convertible Senior Notes had been fully amortized as of February 2022.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Premiums Written: Direct $ 182,039 $ 143,426 $ 541,812 $ 396,781 Assumed 9,142 30,840 12,815 88,311 Gross written 191,181 174,266 554,627 485,092 Ceded ( 74,741 ) ( 55,577 ) ( 184,108 ) ( 145,112 ) Net premiums written $ 116,440 $ 118,689 $ 370,519 $ 339,980 Premiums Earned: Direct $ 166,116 $ 120,763 $ 479,849 $ 346,788 Assumed 15,597 29,046 61,913 73,403 Gross earned 181,713 149,809 541,762 420,191 Ceded ( 74,741 ) ( 55,577 ) ( 184,108 ) ( 145,112 ) Net premiums earned $ 106,972 $ 94,232 $ 357,654 $ 275,079 During the three and nine months ended September 30, 2022 , the Company recognized ceded losses of $ 907,541 and $ 910,928 , respectively, as reductions in losses and loss adjustment expenses. During the three and nine months ended September 30, 2021 , the Company recognized ceded losses of $ 1,830 and $ 2,424 , respectively, as reductions in losses and loss adjustment expenses. At September 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 September 30, 2022 and December 31, 2021 were $ 952,996 and $ 76,650 , respectively. Approximatel y 74.7 % of the reinsurance recoverable balance at September 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 increases in credit loss expense of $ 389 and $ 361 for the three and nine months ended September 30, 2022, respectively. For the three and nine months ended September 30, 2021 , the Company derecognized credit loss expenses of $ 13 and $ 41 , respectively. Allowances for credit losses related to the reinsurance recoverable balance were $ 451 and $ 90 at September 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. As a result of Hurricane Ian, the balance of previously accrued benefits under the multi-year reinsurance contract with retrospective provisions was decreased by $ 12,600 during the third quarter of 2022. For the three and nine months ended September 30, 2022 , the Company recognized reductions in premiums ceded of $ 3,843 and $ 11,717 , respectively, related to these adjustments in the consolidated statements of income. For the three and nine months ended September 30, 2021 , the Company recognized reductions in premiums ceded of $ 1,364 and $ 9,619 , respectively. See Note 20 -- “Commitments and Contingencies” for additional information. Amounts receivable pursuant to retrospective provisions are reflected in other assets. At September 30, 2022 and December 31, 2021 , other assets included $ 14,781 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. See Note 21 -- “Subsequent Events” for information on collection. Reinsurance provided to other insurance companies For the three months ended September 30, 2022, assumed premiums written related to the Northeast Region’s insurance policies were $ 0 , whereas for the nine months ended September 30, 2022, $ 27,488 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 and New Jersey. For the three and nine months ended September 30, 2021 , assumed premiums written were $ 30,840 and $ 88,311 , respectively. At September 30, 2022 , the Company had a net balance of $ 1,301 due to United related to the Northeast Region, consisting of ceding commission payable of $ 865 and payable on paid losses and loss adjustment expenses of $ 436 . 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 nine months ended September 30, 2022 , assumed premiums written related to the Southeast Region’s insurance policies were $ 9,142 and $ 40,303 , respectively. At September 30, 2022 , the Company had a net balance of $ 8,038 receivable from United, consisting of premiums receivable of $ 12,676 , offset by payable on paid losses and loss adjustment expenses of $ 2,610 and ceding commission payable of $ 2,028 . 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 September 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 $ 67,313 and $ 73,716 , respectively.

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net balance, beginning of period* $ 196,414 $ 154,901 $ 172,410 $ 141,065 Incurred, net of reinsurance, related to: Current period 126,486 53,834 275,010 147,064 Prior period 13,308 8,830 24,318 17,268 Total incurred, net of reinsurance 139,794 62,664 299,328 164,332 Paid, net of reinsurance, related to: Current period ( 45,732 ) ( 31,663 ) ( 102,155 ) ( 59,265 ) Prior period ( 27,489 ) ( 22,237 ) ( 106,596 ) ( 82,467 ) Total paid, net of reinsurance ( 73,221 ) ( 53,900 ) ( 208,751 ) ( 141,732 ) Net balance, end of period 262,987 163,665 262,987 163,665 Add: reinsurance recoverable before allowance for 938,855 39,512 938,855 39,512 Gross balance, end of period $ 1,201,842 $ 203,177 $ 1,201,842 $ 203,177 * 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 nine months ended September 30, 2022 , the Company recognized losses related to prior periods of $ 13,308 and $ 24,318 , respectively, primarily to increase the reserve resulting fro m increased litigation. The Company incurred a net estimated loss of approximately $ 65,000 resulting from Hurricane Ian during the third quarter of 2022. L oss and LAE expenses for the three and nine months ended September 30, 2022 included net estimated losses of approximately $ 18,715 and $ 42,114 , respectively, related to policies assumed from United.

Segment Information

Segment Information	9 Months Ended
	Sep. 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 September 30, 2022 and 2021, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 60.5 % and 73.9 %, respectively, and revenues from the TypTap Group segment represented 29.9 % and 24.0 %, respectively, of total revenues of all operating segments. For the nine months ended September 30, 2022 and 2021, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 66.6 % and 76.4 %, respectively, and revenues from the TypTap Group segment represented 28.7 % and 20.7 %, respectively, of total revenues of all operating segments. At September 30, 2022 and December 31, 2021, HCPCI insurance operations’ total assets represente d 55.9 % and 58.7 %, respectively, and TypTap Group’s total assets represented 36.7 % a nd 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 September 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 104,671 $ 82,728 $ — $ — $ ( 5,686 ) $ 181,713 Premiums ceded ( 46,157 ) ( 33,236 ) — — 4,652 ( 74,741 ) Net premiums earned 58,514 49,492 — — ( 1,034 ) 106,972 Net income from investment portfolio 1,143 1,144 — 1,338 13,674 17,299 Policy fee income 613 458 — — — 1,071 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Other 1,246 512 2,785 717 ( 3,948 ) 1,312 Total revenue 61,516 51,606 16,187 2,055 ( 4,710 ) 126,654 Expenses: Losses and loss adjustment expenses 73,228 62,153 — — 4,413 139,794 Amortization of deferred policy acquisition costs 11,333 12,176 — — — 23,509 Other policy acquisition expenses 748 450 — — ( 29 ) 1,169 Stock-based compensation expense 1,049 869 — 2,212 — 4,130 Interest expense — 222 221 2,591 ( 221 ) 2,813 Depreciation and amortization 166 865 651 186 ( 596 ) 1,272 Personnel and other operating expenses 14,240 8,497 1,583 1,526 ( 8,277 ) 17,569 Total expenses 100,764 85,232 2,455 6,515 ( 4,710 ) 190,256 (Loss) income before income taxes $ ( 39,248 ) $ ( 33,626 ) $ 13,732 $ ( 4,460 ) $ — $ ( 63,602 ) Total revenue from non-affiliates (d) $ 55,801 $ 55,803 $ 15,848 $ 1,440 Gross premiums written $ 119,400 $ 71,781 (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 $ 98,985 from HCPCI and $ 5,686 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 September 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned $ 98,256 $ 51,553 $ — $ — $ — $ 149,809 Premiums ceded ( 36,955 ) ( 20,135 ) — — 1,513 ( 55,577 ) Net premiums earned 61,301 31,418 — — 1,513 94,232 Net income from investment portfolio 831 102 — 172 778 1,883 Policy fee income 693 307 — — — 1,000 Other 2,087 480 2,336 489 ( 3,290 ) 2,102 Total revenue 64,912 32,307 2,336 661 ( 999 ) 99,217 Expenses: Losses and loss adjustment expenses 36,928 24,224 — — 1,512 62,664 Amortization of deferred policy acquisition costs 12,402 9,250 — — — 21,652 Other policy acquisition expenses 633 1,110 — — ( 55 ) 1,688 Stock-based compensation expense 662 471 — 1,599 — 2,732 Interest expense — 1 231 1,432 — 1,664 Depreciation and amortization 18 342 576 171 ( 603 ) 504 Debt conversion expense — — — 1,273 — 1,273 Personnel and other operating expenses 5,234 7,214 814 2,135 ( 1,853 ) 13,544 Total expenses 55,877 42,612 1,621 6,610 ( 999 ) 105,721 Income (loss) before income taxes $ 9,035 $ ( 10,305 ) $ 715 $ ( 5,949 ) $ — $ ( 6,504 ) Total revenue from non-affiliates (c) $ 65,629 $ 32,701 $ 1,997 $ 402 Gross premiums written $ 118,280 $ 55,987 (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) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. HCPCI Insurance TypTap Real Corporate/ Reclassification/ For Nine Months Ended September 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 339,612 $ 210,793 $ — $ — $ ( 8,643 ) $ 541,762 Premiums ceded ( 120,089 ) ( 70,798 ) — — 6,779 ( 184,108 ) Net premiums earned 219,523 139,995 — — ( 1,864 ) 357,654 Net (loss) income from investment portfolio ( 1,760 ) 1,411 — 426 15,644 15,721 Policy fee income 1,895 1,285 — — — 3,180 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Other 2,907 1,513 7,953 3,025 ( 12,333 ) 3,065 Total revenue 222,565 144,204 21,355 3,451 ( 11,955 ) 379,620 Expenses: Losses and loss adjustment expenses 165,915 129,833 — — 3,580 299,328 Amortization of deferred policy acquisition costs 46,339 31,403 — — — 77,742 Other policy acquisition expenses 2,090 1,230 — — ( 113 ) 3,207 Stock-based compensation expense 3,380 2,651 — 6,678 — 12,709 Interest expense — 633 672 4,256 ( 632 ) 4,929 Depreciation and amortization 433 2,200 1,862 660 ( 1,819 ) 3,336 Personnel and other operating expenses 29,296 24,516 3,516 5,173 ( 12,971 ) 49,530 Total expenses 247,453 192,466 6,050 16,767 ( 11,955 ) 450,781 (Loss) income before income taxes $ ( 24,888 ) $ ( 48,262 ) $ 15,305 $ ( 13,316 ) $ — $ ( 71,161 ) Total revenue from non-affiliates (d) $ 213,810 $ 149,635 $ 20,339 $ 1,530 Gross premiums written $ 323,680 $ 230,947 (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 $ 330,969 from HCPCI and $ 8,643 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 Nine Months Ended September 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned $ 300,827 $ 119,364 $ — $ — $ — $ 420,191 Premiums ceded ( 104,236 ) ( 42,229 ) — — 1,353 ( 145,112 ) Net premiums earned 196,591 77,135 — — 1,353 275,079 Net income from investment portfolio 5,261 933 — 4,059 3,799 14,052 Policy fee income 2,106 856 — — — 2,962 Other 3,420 1,130 9,849 1,316 ( 12,213 ) 3,502 Total revenue 207,378 80,054 9,849 5,375 ( 7,061 ) 295,595 Expenses: Losses and loss adjustment expenses 110,008 52,976 — — 1,348 164,332 Amortization of deferred policy acquisition costs 43,906 20,541 — — — 64,447 Other policy acquisition expenses 2,170 3,071 — — ( 114 ) 5,127 Stock-based compensation expense 2,360 2,438 — 4,431 — 9,229 Interest expense — 91 972 4,950 ( 270 ) 5,743 Depreciation and amortization 56 942 1,737 711 ( 1,841 ) 1,605 Debt conversion expense — — — 1,273 — 1,273 Personnel and other operating expenses 14,957 18,569 3,332 4,470 ( 6,184 ) 35,144 Total expenses 173,457 98,628 6,041 15,835 ( 7,061 ) 286,900 Income (loss) before income taxes $ 33,921 $ ( 18,574 ) $ 3,808 $ ( 10,460 ) $ — $ 8,695 Total revenue from non-affiliates (c) $ 206,743 $ 80,893 $ 8,833 $ 4,641 Gross premiums written $ 323,490 $ 161,602 (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) 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: September 30, December 31, 2022 2021 Segments: HCPCI Insurance Operations $ 1,141,660 $ 676,509 TypTap Group 813,543 369,600 Real Estate Operations 125,992 127,651 Corporate and Other 159,569 65,349 Consolidation and Elimination ( 96,021 ) ( 62,252 ) Total assets $ 2,144,743 $ 1,176,857

Leases

Leases	9 Months Ended
	Sep. 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: September 30, December 31, 2022 2021 Operating leases: ROU assets $ 1,597 $ 2,204 Liabilities $ 1,539 $ 2,203 Finance leases: ROU assets $ 80 $ 86 Liabilities $ 17 $ 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 September 30, 2022, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following September 30, 2022 $ 917 $ 15 2023 92 2 2024 96 — 2025 101 — 2026 106 — Thereafter 393 — Total lease payments 1,705 17 Less: interest 166 — Total lease obligations $ 1,539 $ 17 The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Lease costs: Finance lease costs: Amortization – ROU assets* $ 4 $ 4 $ 14 $ 13 Interest expense — — — 1 Operating lease costs* 281 386 937 1,231 Short-term lease costs* 105 100 306 250 Total lease costs $ 390 $ 490 $ 1,257 $ 1,495 Cash paid for amounts included in the Operating cash flows – finance leases $ — $ 1 Operating cash flows – operating leases $ 924 $ 1,237 Financing cash flows – finance leases $ 14 $ 14 September 30, 2022 Weighted-average remaining lease term: Finance leases (in years) 1.3 Operating leases (in years) 4.3 Weighted-average discount rate: Finance leases (%) 3.4 % Operating leases (%) 4.0 % * 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	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 15 -- Income Taxes During the three months ended September 30, 2022 and 2021, the Company recorded approximately $ 12,099 and $ 1,636 , respectively, of income tax benefits, which resulted in effective tax rates of 19.0 % and 25.2 %, respectively. The decrease in the effective tax rate as compared with the corresponding period in the prior year was primarily attributable to a valuation allowance established during the third quarter of 2022 and an increase in non-deductible compensation expense related to restricted stock granted to certain executives, offset by the increased Florida corporate tax rate effective January 1, 2022. A valuation allowance must be established for deferred tax assets when it is more likely than not that the deferred tax assets will not be realized based on available evidence both positive and negative, including recent operating results, available tax planning strategies, and projected future taxable income. Management concluded that the negative evidence outweighed the positive evidence and therefore recorded a valuation allowance on the Company’s deferred tax assets as of September 30, 2022. During the nine months ended September 30, 2022, the Company recorded approximately $ 13,907 of income tax benefit, which resulted in an effective tax rate of 19.5 %. During the nine months ended September 30, 2021, the Company recorded approximately $ 2,888 of income tax expense, which resulted in an effective tax rate of 33.2 %. The decrease 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 of 2022 and the valuation allowance as described above. 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	9 Months Ended
	Sep. 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 September 30, 2022 September 30, 2021 Loss Shares (a) Per Share Loss Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net loss $ ( 51,503 ) $ ( 4,868 ) Less: Net income attributable to redeemable ( 2,285 ) ( 2,202 ) Less: TypTap Group’s net loss attributable 2,829 774 Net loss attributable to HCI ( 50,959 ) ( 6,296 ) Less: Loss attributable to participating 3,289 537 Basic Loss Per Share: Loss allocated to common stockholders ( 47,670 ) 8,427 $ ( 5.66 ) ( 5,759 ) 8,023 $ ( 0.72 ) Effect of Dilutive Securities: * Stock options — — — — Convertible senior notes — — — — Warrants — — — — Diluted Loss Per Share: Loss available to common stockholders and $ ( 47,670 ) 8,427 $ ( 5.66 ) $ ( 5,759 ) 8,023 $ ( 0.72 ) (a) Shares in thousands. * For the three months ended September 30, 2022 and 2021, respectively, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Loss Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net (loss) income $ ( 57,254 ) $ 5,807 Less: Net income attributable to redeemable ( 6,801 ) ( 5,175 ) Less: TypTap Group’s net loss attributable 4,018 1,191 Net (loss) income attributable to HCI ( 60,037 ) 1,823 Less: Loss (income) attributable to 3,855 ( 37 ) Basic (Loss) Earnings Per Share: (Loss) income allocated to common ( 56,182 ) 8,972 $ ( 6.26 ) 1,786 7,676 $ 0.23 Effect of Dilutive Securities: * Stock options — — — 182 Convertible senior notes — — — — Warrants — — — 234 Diluted (Loss) Earnings Per Share: (Loss) income available to common $ ( 56,182 ) 8,972 $ ( 6.26 ) $ 1,786 8,092 $ 0.22 (a) Shares in thousands. * For the nine months ended September 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the nine months ended September 30, 2021, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 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 nine months ended September 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 Increase (decrease): Accrued cash dividends 1,499 1,250 Accretion - increasing dividend rates 786 952 Dividends paid ( 3,000 ) ( 2,542 ) Balance at September 30 $ 91,248 $ 87,731 *Net decrease related to warrants of $ 8,640 . For the three months ended September 30, 2022 and 2021 , net income attributable to redeemable noncontrolling interest was $ 2,285 and $ 2,202 , respectively, consisting of accrued cash dividends of $ 1,499 and $ 1,250 , respectively, and accretion related to increasing dividend rates of $ 786 and $ 952 , respectively. For the nine months ended September 30, 2022 and 2021 , net income attributable to redeemable noncontrolling interest was $ 6,801 and $ 5,175 , respectively, consisting of accrued cash dividends of $ 4,341 and $ 2,958 , respectively, and accretion related to increasing dividend rates of $ 2,460 and $ 2,217 , respectively.

Equity

Equity	9 Months Ended
	Sep. 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 months ended September 30, 2022, the Company repurchased and retired a total of 119,462 shares at a weighted average price per share of $ 51.69 under this authorized repurchase plan. The total cost of shares repurchased, inclusive of fees and commissions, during the three months ended September 30, 2022 was $ 6,179 or $ 51.72 per share. During the nine months ended September 30, 2022, the Company repurchased and retired a total of 148,927 shares at a weighted average price per share of $ 54.11 under this authorized repurchase plan. The total cost of shares repurchased, inclusive of fees and commissions, during the nine months ended September 30, 2022 was $ 8,063 or $ 54.14 per share. On July 14, 2022 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends were paid on September 16, 2022 to stockholders of record on August 19, 2022 . Warrants At September 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 September 30, 2022 , there were 81,139,221 shares of TTIG’s common stock outstanding, of which 6,139,221 shares were not owned by HCI. During the three and nine months ended September 30, 2022, TTIG repurchased and retired a total of 2,893 and 69,876 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 nine months ended September 30, 2022 w as $ 17 and $ 406 , respectively.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 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 September 30, 2022 , there were 1,110,605 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 nine months ended September 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 Outstanding at September 30, 2022 440,000 $ 45.25 5.8 years $ 117 Exercisable at September 30, 2022 357,500 $ 44.23 5.5 years $ 117 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 Outstanding at September 30, 2021 440,000 $ 45.25 6.8 years $ 29,238 Exercisable at September 30, 2021 275,000 $ 43.40 6.3 years $ 18,782 There wer e no o ptions exercised during the three and nine months ended September 30, 2022 and 2021. For the three months ended September 30, 2022 and 2021 , the Company recognized $ 162 and $ 221 , respectively, of compensation expense which was included in general and administrative personnel expenses. For the nine months ended September 30, 2022 and 2021 , the Company recognized $ 507 and $ 663 , respectively, of compensation expense. Deferred tax benefits related to stock options were $ 0 and $ 3 for the three months ended September 30, 2022 and 2021 , respectively, and $ 0 and $ 4 for the nine months ended September 30, 2022 and 2021, respectively. At September 30, 2022 and December 31, 2021 , there was $ 498 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 1.1 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 nine months ended September 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 Forfeited ( 1,665 ) $ 45.56 Nonvested at September 30, 2022 579,575 $ 38.59 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 Granted 2,340 $ 96.60 Forfeited ( 38,855 ) $ 38.05 Nonvested at September 30, 2021 674,697 $ 38.95 The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $ 3,099 and $ 2,039 for the three months ended September 30, 2022 and 2021 , respectively, and $ 9,551 and $ 6,280 for the nine months ended September 30, 2022 and 2021, respectively. At September 30, 2022 and December 31, 2021 , there was approximately $ 9,670 and $ 18,995 , respectively, of total unrecognized compensation expense related to nonvested restricted stock arrangements. The Company expects to recognize the remaining compensation expense over a weighted-average period of 2.2 years. The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three and nine months ended September 30, 2022 and 2021. Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Deferred tax benefits recognized $ 230 $ 420 $ 1,521 $ 879 Tax benefits realized for restricted stock and $ 56 $ 70 $ 1,360 $ 1,482 Fair value of vested restricted stock $ — $ — $ 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 September 30, 2022 and 2021 , TypTap Group recognized compensation expense related to its stock-based awards of $ 869 and $ 472 , respectively. For the nine months ended September 30, 2022 and 2021 , TypTap Group recognized compensation expense related to its stock-based awards of $ 2,651 and $ 2,286 , respectively. At September 30, 2022 and December 31, 2021 , there was $ 8,780 and $ 11,230 , respectively, of unrecognized compensation expense related to nonvested restricted stock and stock options.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 20 -- Commitments and Contingencies Obligations under Multi-Year Reinsurance Contracts As of September 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 September 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 September 30, 2022 , there was an aggregate unfunded balance of $ 6,262 . 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. In August 2022, the Florida Office of Insurance Regulation approved a 2023 assessment for FIGA which is necessary to secure funds for the payment of covered claims relating to the liquidation of two insurance companies. The 2023 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, 2023 through December 31, 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 September 30, 2022 , the FIGA assessments payable by the Company were $ 2,858 .

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 21 -- Subsequent Events In connection with the Company’s quota share reinsurance agreement 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, the Company began renewing and/or replacing United’s policies in Georgia on October 1, 2022. On October 5, 2022, 231,516 shares of restricted stock issued to employees vested one year subsequent to satisfaction of a market-based vesting condition on October 5, 2021. The restricted shares were granted in February 2021 with a grant date fair value of $ 36.57 per share. The Company repurchased and retired a total of 80,339 shares surrendered to satisfy payroll tax liabilities associated with the vesting of these restricted shares. On October 7, 2022, the Company received the entirety of the $ 5,457 amount receivable pursuant to retrospective provisions under the Company’s previous two multi-year reinsurance contracts which were commuted effective May 31, 2022. On October 13, 2022 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends are payable on December 16, 2022 to stockholders of record on November 18, 2022 . On November 7, 2022, the Company executed an amendment to the revolving credit facility with Fifth Third Bank. Under the terms of the amendment, the maximum debt-to-capital ratio as defined in the credit agreement is set at 67.5 % and the borrowing capacity of the line of credit is set at $ 50,000 . This summary of the amendment is qualified in its entirety by reference to the Fourth Amendment to Credit Agreement, which is filed as Exhibit 10.61 to this Quarterly Report on Form 10-Q.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 September 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.
Allowance for Credit Losses	Allowance for Credit Losses Allowance for credit losses represents an estimation of potential losses that the Company may experience due to credit risk. The allowance for credit losses account is a contra account of a financial asset to reflect the net amount expected to be collected. For certain financial assets related to insurance business such as reinsurance recoverable and reinsurance receivable for premium refund, the Company uses a rating-based method, which is a modified version of the probability of default method. It requires two key inputs: a) the liquidation rate and b) the amount of loss exposure. The liquidation rate, which is published annually, is the ratio of impaired insurance companies that were eventually liquidated to the group of insurance companies considered by A.M. Best in its study. The amount of loss exposure represents the future billing balance, net of any collateral, spread over the projected periods that are based on the Company’s historical claim payment pattern. The rating-based method measures credit losses by multiplying the future billings grouped by insurance rating over the projected periods by their corresponding liquidation rates by insurance rating. For paid reinsurance recoverable which is due within 90 days after billing, the Company will rely heavily on each reinsurer’s current rating, recent financial condition, and historical collection problems, if any, in determining the expected credit loss. For risk attributable to disagreements between an insurer and reinsurer regarding a difference in interpretation of provisions in a reinsurance agreement (“dispute risk”), the Company will continue to use an incurred loss method to estimate losses. At September 30, 2022, there was no dispute risk associated with the reinsurance recoverable balance.
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 nine months ended September 30, 2022 , revenues from claims processing services were $ 903 and $ 2,282 , respectively. For the three and nine months ended September 30, 2021 , revenues from claims processing services were $ 1,709 and $ 1,916 , respectively. At September 30, 2022 and December 31, 2021 , other assets included $ 1,418 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 for the nine months ended September 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)	9 Months Ended
	Sep. 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. September 30, December 31, 2022 2021 Cash and cash equivalents $ 355,699 $ 628,943 Restricted cash 2,900 2,400 Total $ 358,599 $ 631,343

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 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 September 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 September 30, 2022 U.S. Treasury and U.S. government agencies $ 339,666 $ — $ 1 $ ( 9,814 ) $ 329,853 Corporate bonds 29,642 — — ( 1,410 ) 28,232 States, municipalities, and political subdivisions 1,762 — — ( 11 ) 1,751 Exchange-traded debt 700 — 3 ( 2 ) 701 Redeemable preferred stock 107 — — ( 5 ) 102 Total $ 371,877 $ — $ 4 $ ( 11,242 ) $ 360,639 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 September 30, 2022 and December 31, 2021 are as follows: September 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 $ 124,676 $ 124,402 $ 10,734 $ 10,826 Due after one year through five years 242,499 232,166 19,222 19,820 Due after five years through ten years 4,208 3,577 11,503 11,403 Due after ten years 494 494 494 534 $ 371,877 $ 360,639 $ 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 nine months ended September 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2022 $ 200 $ — $ ( 5 ) Three months ended September 30, 2021 $ 4,158 $ 94 $ ( 6 ) Nine months ended September 30, 2022 $ 11,694 $ 13 $ ( 439 ) Nine months ended September 30, 2021 $ 18,838 $ 671 $ ( 6 )
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category	Securities with gross unrealized loss positions at September 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 September 30, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 9,677 ) $ 324,643 $ ( 137 ) $ 2,233 $ ( 9,814 ) $ 326,876 Corporate bonds ( 1,164 ) 26,947 ( 246 ) 1,285 ( 1,410 ) 28,232 States, municipalities, and political ( 11 ) 1,751 — — ( 11 ) 1,751 Exchange-traded debt ( 2 ) 517 — — ( 2 ) 517 Redeemable preferred stock ( 5 ) 102 — — ( 5 ) 102 Total available-for-sale securities $ ( 10,859 ) $ 353,960 $ ( 383 ) $ 3,518 $ ( 11,242 ) $ 357,478 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 nine months ended September 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 $ — $ — Balance at September 30 $ — $ —
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Equity Securities	At September 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 September 30, 2022 $ 36,639 $ 1,873 $ ( 4,566 ) $ 33,946 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net (losses) gains recognized $ ( 1,279 ) $ ( 916 ) $ ( 9,144 ) $ 2,620 Exclude: Net realized (losses) gains ( 932 ) 953 ( 987 ) 3,269 Net unrealized losses recognized $ ( 347 ) $ ( 1,869 ) $ ( 8,157 ) $ ( 649 )
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 nine months ended September 30, 2022 and 2021 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2022 $ 4,889 $ 135 $ ( 1,067 ) Three months ended September 30, 2021 $ 24,781 $ 1,141 $ ( 188 ) Nine months ended September 30, 2022 $ 29,316 $ 1,988 $ ( 2,975 ) Nine months ended September 30, 2021 $ 81,292 $ 4,266 $ ( 997 )
Schedule of Company's Investments in Limited Partnerships	The following table provides information related to the Company’s investments in limited partnerships: September 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 $ 4,120 $ — 15.37 $ 6,076 $ 2,085 15.37 Value creation through active distressed debt 3,312 — 1.67 3,423 — 1.69 High returns and long-term capital appreciation 4,421 — 0.18 6,270 1,401 0.18 Value-oriented investments in less liquid and 3,757 — 0.57 4,437 — 0.57 Value-oriented investments in mature real 7,103 3,633 1.32 5,977 4,537 1.36 Risk-adjusted returns on credit and equity 2,692 2,629 1.07 1,950 3,050 0.47 Total $ 25,405 $ 6,262 $ 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 Unaudited Financial Information and Unaudited Financial Position	The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Operating results: Total revenues $ — $ 540 $ 572 $ 540 Total expenses — ( 14 ) ( 22 ) ( 70 ) Net income $ — $ 526 $ 550 $ 470 The Company’s share of net income* $ — $ 473 $ 495 $ 423 * Included in net investment income in the Company’s consolidated statements of income. September 30, December 31, 2022 2021 Balance sheet: Property and equipment, net $ — $ 357 Cash 2 29 Other 18 18 Total assets $ 20 $ 404 Members’ capital $ 20 $ 404 Total members’ capital $ 20 $ 404 Investment in unconsolidated joint venture, at equity** $ 18 $ 363 ** Includes the 90 % share of FMKT Mel JV’s operating results.
Summary of Real Estate Investment	Real estate investments consist of the following as of September 30, 2022 and December 31, 2021: September 30, December 31, 2022 2021 Land $ 38,327 $ 39,720 Land improvements 12,138 11,917 Buildings and building improvements 29,410 29,405 Tenant and leasehold improvements 1,554 1,511 Other 1,462 1,265 Total, at cost 82,891 83,818 Less: accumulated depreciation and amortization ( 11,391 ) ( 9,922 ) Real estate investments $ 71,500 $ 73,896
Investment (Loss) Income Summarized	Net investment income (loss), by source, is summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Available-for-sale fixed-maturity securities $ 2,125 $ 266 $ 3,710 $ 1,091 Equity securities 288 322 875 1,013 Investment expense ( 117 ) ( 134 ) ( 367 ) ( 388 ) Limited partnership investments 1,265 1,132 3,064 3,491 Real estate investments 13,897 305 15,782 3,646 Net income from unconsolidated joint — 473 495 423 Cash and cash equivalents 1,072 156 1,523 473 Net investment income $ 18,530 $ 2,520 $ 25,082 $ 9,749
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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Operating results: Total income $ 208,468 $ ( 13,796 ) $ 724,413 $ 359,885 Total expenses ( 45,537 ) ( 24,828 ) ( 117,877 ) ( 105,548 ) Net income (loss) $ 162,931 $ ( 38,624 ) $ 606,536 $ 254,337 September 30, December 31, 2022 2021 Balance sheet: Total assets $ 5,488,857 $ 5,855,616 Total liabilities $ 409,604 $ 564,732

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 September 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 5,969 ) $ 1,336 $ ( 7,305 ) $ ( 258 ) $ ( 63 ) $ ( 195 ) Reclassification adjustment for realized 5 1 4 ( 88 ) ( 22 ) ( 66 ) Total other comprehensive loss $ ( 5,964 ) $ 1,337 $ ( 7,301 ) $ ( 346 ) $ ( 85 ) $ ( 261 ) Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized losses $ ( 12,294 ) $ ( 262 ) $ ( 12,032 ) $ ( 341 ) $ ( 83 ) $ ( 258 ) Call and repayment gains charged to — — — ( 2 ) ( 1 ) ( 1 ) Reclassification adjustment for realized 426 108 318 ( 665 ) ( 163 ) ( 502 ) Total other comprehensive loss $ ( 11,868 ) $ ( 154 ) $ ( 11,714 ) $ ( 1,008 ) $ ( 247 ) $ ( 761 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of September 30, 2022 Financial Assets: Cash and cash equivalents $ 355,699 $ — $ — $ 355,699 Restricted cash $ 2,900 $ — $ — $ 2,900 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 321,520 $ 8,333 $ — $ 329,853 Corporate bonds 28,232 — — 28,232 State, municipalities, and political subdivisions — 1,751 — 1,751 Exchange-traded debt 701 — — 701 Redeemable preferred stock 102 — — 102 Total available-for-sale securities $ 350,555 $ 10,084 $ — $ 360,639 Equity securities $ 33,946 $ — $ — $ 33,946 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 September 30, 2022 and December 31, 2021: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of September 30, 2022 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 166,859 $ — $ 134,388 $ — $ 134,388 4.25 % Convertible Senior Notes 23,916 — 20,527 — 20,527 3.90 % Promissory Note 9,031 — — 8,058 8,058 3.75 % Callable Promissory Note 6,881 — — 6,137 6,137 4.55 % Promissory Note 4,963 — — 4,610 4,610 Total long-term debt $ 211,650 $ — $ 154,915 $ 18,805 $ 173,720 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)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Details of Intangible Assets, Net	The Company’s intangible assets, net consist of the following: September 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 ( 5,023 ) ( 3,169 ) Intangible assets, net $ 13,651 $ 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 September 30, 2022 are summarized in the table below: Anchor tenant relationships 11.7 years In-place leases 9.8 years Policy renewal rights - United 3.6 years

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Assets	The following table summarizes the Company’s other assets: September 30, December 31, 2022 2021 Benefits receivable related to retrospective reinsurance contracts $ 14,781 $ 3,064 Reimbursement receivable under TPA service 801 3,525 Prepaid expenses 3,384 2,853 Deposits 3,592 406 Lease acquisition costs, net 665 505 Other 3,382 4,364 Total other assets $ 26,605 $ 14,717

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-term Debt	The following table summarizes the Company’s long-term debt: September 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 9,163 9,431 3.75 % Callable Promissory Note, due through September 1, 2036 6,966 7,246 4.55 % Promissory Note, due through August 1, 2036 5,033 5,225 Finance lease liabilities, due through October 15, 2024 17 31 Total principal amount 217,595 45,849 Less: unamortized issuance costs ( 5,928 ) ( 345 ) Total long-term debt $ 211,667 $ 45,504
Summary of Future Maturities of Long-Term Debt	The following table summarizes future maturities of long-term debt as of September 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 September 30, 2022 $ 1,036 2023 1,065 2024 1,106 2025 1,151 2026 197,615 Thereafter 15,622 Total $ 217,595
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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Interest Expense: Contractual interest $ 2,516 $ 1,421 $ 4,322 $ 4,832 Non-cash expense (a) 272 219 431 758 Total $ 2,788 $ 1,640 $ 4,753 $ 5,590

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Premiums Written: Direct $ 182,039 $ 143,426 $ 541,812 $ 396,781 Assumed 9,142 30,840 12,815 88,311 Gross written 191,181 174,266 554,627 485,092 Ceded ( 74,741 ) ( 55,577 ) ( 184,108 ) ( 145,112 ) Net premiums written $ 116,440 $ 118,689 $ 370,519 $ 339,980 Premiums Earned: Direct $ 166,116 $ 120,763 $ 479,849 $ 346,788 Assumed 15,597 29,046 61,913 73,403 Gross earned 181,713 149,809 541,762 420,191 Ceded ( 74,741 ) ( 55,577 ) ( 184,108 ) ( 145,112 ) Net premiums earned $ 106,972 $ 94,232 $ 357,654 $ 275,079

Losses and Loss Adjustment Ex_2

Losses and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net balance, beginning of period* $ 196,414 $ 154,901 $ 172,410 $ 141,065 Incurred, net of reinsurance, related to: Current period 126,486 53,834 275,010 147,064 Prior period 13,308 8,830 24,318 17,268 Total incurred, net of reinsurance 139,794 62,664 299,328 164,332 Paid, net of reinsurance, related to: Current period ( 45,732 ) ( 31,663 ) ( 102,155 ) ( 59,265 ) Prior period ( 27,489 ) ( 22,237 ) ( 106,596 ) ( 82,467 ) Total paid, net of reinsurance ( 73,221 ) ( 53,900 ) ( 208,751 ) ( 141,732 ) Net balance, end of period 262,987 163,665 262,987 163,665 Add: reinsurance recoverable before allowance for 938,855 39,512 938,855 39,512 Gross balance, end of period $ 1,201,842 $ 203,177 $ 1,201,842 $ 203,177

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 104,671 $ 82,728 $ — $ — $ ( 5,686 ) $ 181,713 Premiums ceded ( 46,157 ) ( 33,236 ) — — 4,652 ( 74,741 ) Net premiums earned 58,514 49,492 — — ( 1,034 ) 106,972 Net income from investment portfolio 1,143 1,144 — 1,338 13,674 17,299 Policy fee income 613 458 — — — 1,071 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Other 1,246 512 2,785 717 ( 3,948 ) 1,312 Total revenue 61,516 51,606 16,187 2,055 ( 4,710 ) 126,654 Expenses: Losses and loss adjustment expenses 73,228 62,153 — — 4,413 139,794 Amortization of deferred policy acquisition costs 11,333 12,176 — — — 23,509 Other policy acquisition expenses 748 450 — — ( 29 ) 1,169 Stock-based compensation expense 1,049 869 — 2,212 — 4,130 Interest expense — 222 221 2,591 ( 221 ) 2,813 Depreciation and amortization 166 865 651 186 ( 596 ) 1,272 Personnel and other operating expenses 14,240 8,497 1,583 1,526 ( 8,277 ) 17,569 Total expenses 100,764 85,232 2,455 6,515 ( 4,710 ) 190,256 (Loss) income before income taxes $ ( 39,248 ) $ ( 33,626 ) $ 13,732 $ ( 4,460 ) $ — $ ( 63,602 ) Total revenue from non-affiliates (d) $ 55,801 $ 55,803 $ 15,848 $ 1,440 Gross premiums written $ 119,400 $ 71,781 (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 $ 98,985 from HCPCI and $ 5,686 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 September 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned $ 98,256 $ 51,553 $ — $ — $ — $ 149,809 Premiums ceded ( 36,955 ) ( 20,135 ) — — 1,513 ( 55,577 ) Net premiums earned 61,301 31,418 — — 1,513 94,232 Net income from investment portfolio 831 102 — 172 778 1,883 Policy fee income 693 307 — — — 1,000 Other 2,087 480 2,336 489 ( 3,290 ) 2,102 Total revenue 64,912 32,307 2,336 661 ( 999 ) 99,217 Expenses: Losses and loss adjustment expenses 36,928 24,224 — — 1,512 62,664 Amortization of deferred policy acquisition costs 12,402 9,250 — — — 21,652 Other policy acquisition expenses 633 1,110 — — ( 55 ) 1,688 Stock-based compensation expense 662 471 — 1,599 — 2,732 Interest expense — 1 231 1,432 — 1,664 Depreciation and amortization 18 342 576 171 ( 603 ) 504 Debt conversion expense — — — 1,273 — 1,273 Personnel and other operating expenses 5,234 7,214 814 2,135 ( 1,853 ) 13,544 Total expenses 55,877 42,612 1,621 6,610 ( 999 ) 105,721 Income (loss) before income taxes $ 9,035 $ ( 10,305 ) $ 715 $ ( 5,949 ) $ — $ ( 6,504 ) Total revenue from non-affiliates (c) $ 65,629 $ 32,701 $ 1,997 $ 402 Gross premiums written $ 118,280 $ 55,987 (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) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. HCPCI Insurance TypTap Real Corporate/ Reclassification/ For Nine Months Ended September 30, 2022 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 339,612 $ 210,793 $ — $ — $ ( 8,643 ) $ 541,762 Premiums ceded ( 120,089 ) ( 70,798 ) — — 6,779 ( 184,108 ) Net premiums earned 219,523 139,995 — — ( 1,864 ) 357,654 Net (loss) income from investment portfolio ( 1,760 ) 1,411 — 426 15,644 15,721 Policy fee income 1,895 1,285 — — — 3,180 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Other 2,907 1,513 7,953 3,025 ( 12,333 ) 3,065 Total revenue 222,565 144,204 21,355 3,451 ( 11,955 ) 379,620 Expenses: Losses and loss adjustment expenses 165,915 129,833 — — 3,580 299,328 Amortization of deferred policy acquisition costs 46,339 31,403 — — — 77,742 Other policy acquisition expenses 2,090 1,230 — — ( 113 ) 3,207 Stock-based compensation expense 3,380 2,651 — 6,678 — 12,709 Interest expense — 633 672 4,256 ( 632 ) 4,929 Depreciation and amortization 433 2,200 1,862 660 ( 1,819 ) 3,336 Personnel and other operating expenses 29,296 24,516 3,516 5,173 ( 12,971 ) 49,530 Total expenses 247,453 192,466 6,050 16,767 ( 11,955 ) 450,781 (Loss) income before income taxes $ ( 24,888 ) $ ( 48,262 ) $ 15,305 $ ( 13,316 ) $ — $ ( 71,161 ) Total revenue from non-affiliates (d) $ 213,810 $ 149,635 $ 20,339 $ 1,530 Gross premiums written $ 323,680 $ 230,947 (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 $ 330,969 from HCPCI and $ 8,643 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 Nine Months Ended September 30, 2021 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned $ 300,827 $ 119,364 $ — $ — $ — $ 420,191 Premiums ceded ( 104,236 ) ( 42,229 ) — — 1,353 ( 145,112 ) Net premiums earned 196,591 77,135 — — 1,353 275,079 Net income from investment portfolio 5,261 933 — 4,059 3,799 14,052 Policy fee income 2,106 856 — — — 2,962 Other 3,420 1,130 9,849 1,316 ( 12,213 ) 3,502 Total revenue 207,378 80,054 9,849 5,375 ( 7,061 ) 295,595 Expenses: Losses and loss adjustment expenses 110,008 52,976 — — 1,348 164,332 Amortization of deferred policy acquisition costs 43,906 20,541 — — — 64,447 Other policy acquisition expenses 2,170 3,071 — — ( 114 ) 5,127 Stock-based compensation expense 2,360 2,438 — 4,431 — 9,229 Interest expense — 91 972 4,950 ( 270 ) 5,743 Depreciation and amortization 56 942 1,737 711 ( 1,841 ) 1,605 Debt conversion expense — — — 1,273 — 1,273 Personnel and other operating expenses 14,957 18,569 3,332 4,470 ( 6,184 ) 35,144 Total expenses 173,457 98,628 6,041 15,835 ( 7,061 ) 286,900 Income (loss) before income taxes $ 33,921 $ ( 18,574 ) $ 3,808 $ ( 10,460 ) $ — $ 8,695 Total revenue from non-affiliates (c) $ 206,743 $ 80,893 $ 8,833 $ 4,641 Gross premiums written $ 323,490 $ 161,602 (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) 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: September 30, December 31, 2022 2021 Segments: HCPCI Insurance Operations $ 1,141,660 $ 676,509 TypTap Group 813,543 369,600 Real Estate Operations 125,992 127,651 Corporate and Other 159,569 65,349 Consolidation and Elimination ( 96,021 ) ( 62,252 ) Total assets $ 2,144,743 $ 1,176,857

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 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: September 30, December 31, 2022 2021 Operating leases: ROU assets $ 1,597 $ 2,204 Liabilities $ 1,539 $ 2,203 Finance leases: ROU assets $ 80 $ 86 Liabilities $ 17 $ 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 September 30, 2022, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following September 30, 2022 $ 917 $ 15 2023 92 2 2024 96 — 2025 101 — 2026 106 — Thereafter 393 — Total lease payments 1,705 17 Less: interest 166 — Total lease obligations $ 1,539 $ 17
Disclosure of quantitative information of operating and finance leases	Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Lease costs: Finance lease costs: Amortization – ROU assets* $ 4 $ 4 $ 14 $ 13 Interest expense — — — 1 Operating lease costs* 281 386 937 1,231 Short-term lease costs* 105 100 306 250 Total lease costs $ 390 $ 490 $ 1,257 $ 1,495 Cash paid for amounts included in the Operating cash flows – finance leases $ — $ 1 Operating cash flows – operating leases $ 924 $ 1,237 Financing cash flows – finance leases $ 14 $ 14 September 30, 2022 Weighted-average remaining lease term: Finance leases (in years) 1.3 Operating leases (in years) 4.3 Weighted-average discount rate: Finance leases (%) 3.4 % Operating leases (%) 4.0 %
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)	9 Months Ended
	Sep. 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 September 30, 2022 September 30, 2021 Loss Shares (a) Per Share Loss Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net loss $ ( 51,503 ) $ ( 4,868 ) Less: Net income attributable to redeemable ( 2,285 ) ( 2,202 ) Less: TypTap Group’s net loss attributable 2,829 774 Net loss attributable to HCI ( 50,959 ) ( 6,296 ) Less: Loss attributable to participating 3,289 537 Basic Loss Per Share: Loss allocated to common stockholders ( 47,670 ) 8,427 $ ( 5.66 ) ( 5,759 ) 8,023 $ ( 0.72 ) Effect of Dilutive Securities: * Stock options — — — — Convertible senior notes — — — — Warrants — — — — Diluted Loss Per Share: Loss available to common stockholders and $ ( 47,670 ) 8,427 $ ( 5.66 ) $ ( 5,759 ) 8,023 $ ( 0.72 ) (a) Shares in thousands. * For the three months ended September 30, 2022 and 2021, respectively, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Loss Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net (loss) income $ ( 57,254 ) $ 5,807 Less: Net income attributable to redeemable ( 6,801 ) ( 5,175 ) Less: TypTap Group’s net loss attributable 4,018 1,191 Net (loss) income attributable to HCI ( 60,037 ) 1,823 Less: Loss (income) attributable to 3,855 ( 37 ) Basic (Loss) Earnings Per Share: (Loss) income allocated to common ( 56,182 ) 8,972 $ ( 6.26 ) 1,786 7,676 $ 0.23 Effect of Dilutive Securities: * Stock options — — — 182 Convertible senior notes — — — — Warrants — — — 234 Diluted (Loss) Earnings Per Share: (Loss) income available to common $ ( 56,182 ) 8,972 $ ( 6.26 ) $ 1,786 8,092 $ 0.22 (a) Shares in thousands. * For the nine months ended September 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the nine months ended September 30, 2021, convertible senior notes were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Summary of Activity of Redeemable Noncontrolling Interest	The following table summarizes the activity of redeemable noncontrolling interest during the nine months ended September 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 Increase (decrease): Accrued cash dividends 1,499 1,250 Accretion - increasing dividend rates 786 952 Dividends paid ( 3,000 ) ( 2,542 ) Balance at September 30 $ 91,248 $ 87,731 *Net decrease related to warrants of $ 8,640 .

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 Outstanding at September 30, 2022 440,000 $ 45.25 5.8 years $ 117 Exercisable at September 30, 2022 357,500 $ 44.23 5.5 years $ 117 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 Outstanding at September 30, 2021 440,000 $ 45.25 6.8 years $ 29,238 Exercisable at September 30, 2021 275,000 $ 43.40 6.3 years $ 18,782
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 nine months ended September 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 Forfeited ( 1,665 ) $ 45.56 Nonvested at September 30, 2022 579,575 $ 38.59 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 Granted 2,340 $ 96.60 Forfeited ( 38,855 ) $ 38.05 Nonvested at September 30, 2021 674,697 $ 38.95
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 nine months ended September 30, 2022 and 2021. Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Deferred tax benefits recognized $ 230 $ 420 $ 1,521 $ 879 Tax benefits realized for restricted stock and $ 56 $ 70 $ 1,360 $ 1,482 Fair value of vested restricted stock $ — $ — $ 4,871 $ 4,742

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 $ 91,350 2023 91,350 Total $ 182,700

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	5 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	May 31, 2022	Sep. 30, 2022	May 31, 2023	Jun. 01, 2022	Dec. 31, 2021
Nature Of Operations [Line Items]
Commission percentage on aggregate replacement premium			6%
Unpaid losses and loss adjustments allowance	$ 451		$ 451			$ 90
Hurricane [Member]
Nature Of Operations [Line Items]
Net increase in premiums ceded	12,600
Unpaid losses and loss adjustments allowance	399		399
Preliminary gross loss estimated			970,000
Preliminary net loss estimated	$ 65,000		65,000
HCPCI [Member] | Hurricane [Member]
Nature Of Operations [Line Items]
Preliminary gross loss estimated			550,518
TypTap [Member] | Hurricane [Member]
Nature Of Operations [Line Items]
Preliminary gross loss estimated			$ 419,482
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]
Aggregate ceding commission			$ 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%
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 ceding commission of premium				16%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Summary Of Significant Accounting Policies [Line Items]
Other	$ 1,312	$ 2,102	$ 3,065	$ 3,502
Other assets	26,605		26,605		$ 14,717
Claims handling services
Summary Of Significant Accounting Policies [Line Items]
Other	903	$ 1,709	2,282	$ 1,916
Other assets	$ 1,418		$ 1,418		$ 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	Sep. 30, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 355,699	$ 628,943
Restricted cash	2,900	2,400
Total	$ 358,599	$ 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	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 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	$ 371,877			$ 41,953
Allowance for Credit Loss	0	$ 0	$ 0	0	$ 0	$ 0	$ (579)	$ (588)
Fixed-maturity securities, Gross Unrealized Gain	4			789
Fixed-maturity securities, Gross Unrealized Loss	(11,242)			(159)
Fixed-maturity securities, Estimated Fair Value	360,639			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	339,666			17,046
Fixed-maturity securities, Gross Unrealized Gain	1			64
Fixed-maturity securities, Gross Unrealized Loss	(9,814)			(86)
Fixed-maturity securities, Estimated Fair Value	329,853			17,024
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	29,642			21,913
Fixed-maturity securities, Gross Unrealized Gain				632
Fixed-maturity securities, Gross Unrealized Loss	(1,410)			(53)
Fixed-maturity securities, Estimated Fair Value	28,232			22,492
Fixed-Maturity Securities [Member] | States, Municipalities, and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	1,762			1,759
Fixed-maturity securities, Gross Unrealized Gain				49
Fixed-maturity securities, Gross Unrealized Loss	(11)
Fixed-maturity securities, Estimated Fair Value	1,751			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	3			44
Fixed-maturity securities, Gross Unrealized Loss	(2)
Fixed-maturity securities, Estimated Fair Value	701			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
Fixed-maturity securities, Gross Unrealized Loss	(5)			(20)
Fixed-maturity securities, Estimated Fair Value	$ 102			$ 448

Investments - Scheduled Contrac

Investments - Scheduled Contractual Maturities of Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Cost or Amortized Cost	$ 124,676	$ 10,734
Due after one year through five years, Cost or Amortized Cost	242,499	19,222
Due after five years through ten years, Cost or Amortized Cost	4,208	11,503
Due after ten years, Cost or Amortized Cost	494	494
Fixed-maturity securities, Cost or Amortized Cost	371,877	41,953
Due in one year or less, Estimated Fair Value	124,402	10,826
Due after one year through five years, Estimated Fair Value	232,166	19,820
Due after five years through ten years, Estimated Fair Value	3,577	11,403
Due after ten years, Estimated Fair Value	494	534
Estimated Fair Value Total	$ 360,639	$ 42,583

Investments - Summary of Sales

Investments - Summary of Sales of Available-for-sale Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule of Available-for-sale Securities [Line Items]
Proceeds			$ 11,694	$ 18,838
Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 200	$ 4,158	11,694	18,838
Gross Realized Gains	0	94	13	671
Gross Realized Losses	$ (5)	$ (6)	$ (439)	$ (6)

Investments - Summary of Securi

Investments - Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	$ (10,859)	$ (146)
Estimated Fair Value, Less than Twelve Months	353,960	14,703
Gross Unrealized Loss, Twelve Months or Longer	(383)	(13)
Estimated Fair Value, Twelve Months or Longer	3,518	616
Gross Unrealized Loss, Total	(11,242)	(159)
Estimated Fair Value, Total	357,478	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	(9,677)	(73)
Estimated Fair Value, Less than Twelve Months	324,643	9,809
Gross Unrealized Loss, Twelve Months or Longer	(137)	(13)
Estimated Fair Value, Twelve Months or Longer	2,233	616
Gross Unrealized Loss, Total	(9,814)	(86)
Estimated Fair Value, Total	326,876	10,425
Corporate Bonds [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(1,164)	(53)
Estimated Fair Value, Less than Twelve Months	26,947	4,452
Gross Unrealized Loss, Twelve Months or Longer	(246)	0
Estimated Fair Value, Twelve Months or Longer	1,285	0
Gross Unrealized Loss, Total	(1,410)	(53)
Estimated Fair Value, Total	28,232	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	(2)
Estimated Fair Value, Less than Twelve Months	517
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	517
Redeemable Preferred Stock [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(5)	(20)
Estimated Fair Value, Less than Twelve Months	102	442
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(5)	(20)
Estimated Fair Value, Total	102	$ 442
States, Municipalities, and Political Subdivisions [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(11)
Estimated Fair Value, Less than Twelve Months	1,751
Gross Unrealized Loss, Twelve Months or Longer	0
Estimated Fair Value, Twelve Months or Longer	0
Gross Unrealized Loss, Total	(11)
Estimated Fair Value, Total	$ 1,751

Investments (Other-than-tempora

Investments (Other-than-temporary Impairment) - Additional Information (Detail) - Security	Sep. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Number of securities in an unrealized loss position	88	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	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Cost	$ 36,639	$ 46,276
Gross Unrealized Gain	1,873	6,335
Gross Unrealized Loss	(4,566)	(871)
Estimated Fair Value	$ 33,946	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Net unrealized losses recognized	$ (347)	$ (1,869)	$ (8,157)	$ (649)
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Net (losses) gains recognized	(1,279)	(916)	(9,144)	2,620
Exclude: Net realized (losses) gains recognized for securities sold	$ (932)	$ 953	$ (987)	$ 3,269

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt and Equity Securities, FV-NI [Line Items]
Proceeds			$ 29,316	$ 81,292
Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	$ 4,889	$ 24,781	29,316	81,292
Gross Realized Gains	135	1,141	1,988	4,266
Gross Realized Losses	$ (1,067)	$ (188)	$ (2,975)	$ (997)

Investments - Schedule of Compa

Investments - Schedule of Company's Investments in Limited Partnerships (Detail) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Investment Securities [Line Items]
Carrying Value		$ 25,405	$ 28,133
Unfunded Balance		6,262	11,073
Private US Lower Middle Market Companies [Member]
Investment Securities [Line Items]
Carrying Value	[1],[2],[3]	4,120	6,076
Unfunded Balance	[1],[2],[3]	$ 0	$ 2,085
Percentage investment held by the entity	[1],[2],[3],[4]	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	[1],[2],[5]	$ 3,312	$ 3,423
Unfunded Balance	[1],[2],[5]	$ 0	$ 0
Percentage investment held by the entity	[1],[2],[4],[5]	1.67%	1.69%
Power Utility and Energy Industries and Infrastructure [Member]
Investment Securities [Line Items]
Carrying Value	[2],[6],[7]	$ 4,421	$ 6,270
Unfunded Balance	[2],[6],[7]	$ 0	$ 1,401
Percentage investment held by the entity	[2],[4],[6],[7]	0.18%	0.18%
Senior and Junior Debts of Private Equity-Backed Companies [Member]
Investment Securities [Line Items]
Carrying Value	[2],[8],[9]	$ 3,757	$ 4,437
Unfunded Balance	[2],[8],[9]	$ 0	$ 0
Percentage investment held by the entity	[2],[4],[8],[9]	0.57%	0.57%
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Investment Securities [Line Items]
Carrying Value	[2],[10]	$ 7,103	$ 5,977
Unfunded Balance	[2],[10]	$ 3,633	$ 4,537
Percentage investment held by the entity	[2],[4],[10]	1.32%	1.36%
Credit and Equity Investments, Primarily in Private Equity-Owned Companies [Member]
Investment Securities [Line Items]
Carrying Value	[2],[11]	$ 2,692	$ 1,950
Unfunded Balance	[2],[11]	$ 2,629	$ 3,050
Percentage investment held by the entity	[2],[4],[11]	1.07%	0.47%
[1] At the fund manager’s discretion, the term of the fund may be extended for up to two additional one-year periods. 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. 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. Represents the Company’s percentage investment in the fund at each balance sheet date. 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. 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. With the consent of a supermajority of partners, the term of the fund may be extended for up to three additional one-year periods. 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. The capital commitment period has ended but an additional funding may be requested. 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. 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.

Investments - Schedule of Com_2

Investments - Schedule of Company's Investments in Limited Partnerships (Parenthetical) (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Total income	$ 126,654	$ 99,217	$ 379,620	$ 295,595
Net (loss) income	(51,503)	(4,868)	(57,254)	5,807
Balance sheet:
Total assets	2,144,743		2,144,743		$ 1,176,857
Total liabilities	1,880,321		1,880,321		762,399
Limited Partnership [Member]
Schedule Of Equity Method Investments [Line Items]
Total income	208,468	(13,796)	724,413	359,885
Total expenses	(45,537)	(24,828)	(117,877)	(105,548)
Net (loss) income	162,931	$ (38,624)	606,536	$ 254,337
Balance sheet:
Total assets	5,488,857		5,488,857		5,855,616
Total liabilities	$ 409,604		$ 409,604		$ 564,732

Investments (Limited Partnershi

Investments (Limited Partnership Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Investments [Line Items]
Recognized investment income (loss)			$ 3,064	$ 3,491
Return on investment			2,417	2,345
Limited Partnership [Member]
Schedule Of Investments [Line Items]
Recognized investment income (loss)	$ 1,265	$ 1,132	3,064	3,491
Cash distributions	2,768	1,535	7,149	5,980
Return on investment	371	$ 553	2,417	$ 2,345
Company's net cumulative contributed capital to the partnership	24,996		24,996		$ 28,371
Maximum exposure loss relating to VIE	$ 25,405		$ 25,405		$ 28,133

Investments (Investment in Unco

Investments (Investment in Unconsolidated Joint Venture) - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Investments [Line Items]
Return on investment				$ 2,417	$ 2,345
Return on investment				489	114
FMKT Mel JV, LLC [Member]
Schedule Of Investments [Line Items]
Maximum exposure loss relating to VIE		$ 18		18		$ 363
Undistributed gain (loss) after equity distribution		0		0		$ 0
Return on investment		489	$ 114	489	114
Gain on sale	$ 572
Cash distributions		$ 840	$ 737	$ 840	$ 737

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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating results:
Total revenues		$ 126,654	$ 99,217	$ 379,620	$ 295,595
Net income		(51,503)	(4,868)	(57,254)	5,807
The Company's share of net income*				495	423
Balance sheet:
Other		26,605		26,605		$ 14,717
Total assets		2,144,743		2,144,743		1,176,857
Other liabilities		33,453		33,453		31,485
Total liabilities, redeemable noncontrolling interest and equity		2,144,743		2,144,743		1,176,857
Investment in unconsolidated joint venture, at equity	[1]	18		18		363
Unconsolidated Joint Venture [Member]
Balance sheet:
Property and equipment, net		0		0		357
Cash		2		2		29
Other		18		18		18
Total assets		20		20		404
Total members capital		20		20		$ 404
Unconsolidated Joint Venture [Member] | FMKT Mel JV, LLC [Member]
Operating results:
Total revenues		0	540	572	540
Total expenses		0	(14)	(22)	(70)
Net income		0	526	550	470
Investment Income (Expense) [Member] | FMKT Mel JV, LLC [Member]
Operating results:
The Company's share of net income*	[2]	$ 0	$ 473	$ 495	$ 423
[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)	9 Months Ended
	Sep. 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	Sep. 30, 2022	Dec. 31, 2021
Real Estate [Abstract]
Land	$ 38,327	$ 39,720
Land improvements	12,138	11,917
Buildings and building improvements	29,410	29,405
Tenant and leasehold improvements	1,554	1,511
Other	1,462	1,265
Total, at cost	82,891	83,818
Less: accumulated depreciation and amortization	(11,391)	(9,922)
Real estate investments	$ 71,500	$ 73,896

Investments (Real Estate Invest

Investments (Real Estate Investments) - Additional Information (Detail) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 01, 2022 USD ($) a	May 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Schedule Of Investments [Line Items]
Proceeds from sales of real estate investments					$ 667	$ 0
Depreciation and amortization expenses under real estate investments			$ 1,272	$ 504	3,336	1,605
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			480	$ 475	$ 1,469	$ 1,445
Area of land sell | a	1.5
Proceeds from sale of land	$ 14,500		$ 14,500

Investments - Investment Income

Investments - Investment Income (Loss) Summarized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule Of Investments [Line Items]
Recognized investment income			$ 3,064	$ 3,491
Real estate investments	$ 13,897	$ 305	15,782	3,646
Net investment income	18,530	2,520	25,082	9,749
Available-for-Sale-Fixed-Maturity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	2,125	266	3,710	1,091
Equity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	288	322	875	1,013
Limited Partnership Investment [Member]
Schedule Of Investments [Line Items]
Recognized investment income	1,265	1,132	3,064	3,491
Cash and Cash Equivalents [Member]
Schedule Of Investments [Line Items]
Investment income	1,072	156	1,523	473
Investment Expense [Member]
Schedule Of Investments [Line Items]
Investment expense	(117)	(134)	(367)	(388)
Net income (loss) from unconsolidated joint venture [Member]
Schedule Of Investments [Line Items]
Investment income	$ 0	$ 473	$ 495	$ 423

Investments (Investment Income

Investments (Investment Income (Loss) Summarized) - Additional Information (Detail) $ in Thousands		3 Months Ended	9 Months Ended
	Jul. 01, 2022 USD ($) a	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Net Investment Income [Line Items]
Net gain from legal settlement of real estate investments				$ 2,790
Gain on sale of investment real estate			$ 376	0
Gain (loss) on involuntary conversions			13,402	$ 0
Real Estate Investments [Member]
Net Investment Income [Line Items]
Gain (loss) on involuntary conversions		$ 13,402
Gain on sale of liquor license			$ 451
Area of land sell | a	1.5
Proceeds from sale of land	$ 14,500	$ 14,500

Investments (Other Investments)

Investments (Other Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Investments [Member]
Schedule Of Investments [Line Items]
Net realized gains	$ 53	$ 191	$ 209	$ 1,018

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Before Tax
Net unrealized losses	$ (5,969)	$ (258)	$ (12,294)	$ (341)
Call and repayment gains charged to investment income			0	(2)
Reclassification adjustment for net realized losses (gains)	5	(88)	426	(665)
Total other comprehensive loss	(5,964)	(346)	(11,868)	(1,008)
Income Tax Effect
Net unrealized losses	1,336	(63)	(262)	(83)
Call and repayment gains charged to investment income			0	(1)
Reclassification adjustment for realized losses (gains)	1	(22)	108	(163)
Total other comprehensive loss	1,337	(85)	(154)	(247)
Net of Tax
Net unrealized losses	(7,305)	(195)	(12,032)	(258)
Call and repayment gains charged to investment income			0	(1)
Reclassification adjustment for realized (gains) losses	4	(66)	318	(502)
Total other comprehensive loss, net of income taxes	$ (7,301)	$ (261)	$ (11,714)	$ (761)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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)	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
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	Sep. 30, 2022	Dec. 31, 2021
Financial Assets:
Restricted cash	$ 2,900	$ 2,400
Debt Securities, Available-for-Sale	360,639	42,583
Equity Securities, FV-NI, Current	33,946	51,740
Fair Value, Measurements, Recurring [Member]
Financial Assets:
Cash and cash equivalents	355,699	628,943
Restricted cash	2,900	2,400
Debt Securities, Available-for-Sale	360,639	42,583
Equity Securities, FV-NI, Current	33,946	51,740
Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	355,699	628,943
Restricted cash	2,900	2,400
Debt Securities, Available-for-Sale	350,555	39,287
Equity Securities, FV-NI, Current	33,946	51,740
Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	10,084	3,296
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	329,853	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	321,520	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	8,333	1,488
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	28,232	22,492
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	28,232	22,492
States, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	1,751	1,808
States, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	1,751	1,808
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	701	811
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	701	811
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	102	448
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	$ 102	$ 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	Sep. 30, 2022	Dec. 31, 2021
Financial Liabilities:
Revolving credit facility	$ 0	$ 15,000
Total long-term debt	211,667	45,504
Carrying Value [Member]
Financial Liabilities:
Revolving credit facility		15,000
Total long-term debt	211,650	45,473
Carrying Value [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	166,859
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	9,031	9,287
Carrying Value [Member] | 3.75% Callable Promissory Note
Financial Liabilities:
Total long-term debt	6,881	7,153
Carrying Value [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,963	5,148
Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Revolving credit facility		15,000
Total long-term debt	173,720	57,639
Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Revolving credit facility		15,000
Total long-term debt	154,915	33,248
Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	18,805	24,391
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	134,388
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	134,388
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	20,527	33,248
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	20,527	33,248
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	8,058	10,488
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	8,058	10,488
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note
Financial Liabilities:
Total long-term debt	6,137	7,852
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	6,137	7,852
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,610	6,051
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	$ 4,610	$ 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)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%		4.25%
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		Sep. 30, 2022	Dec. 31, 2021
Finite Lived Intangible Assets [Line Items]
Total, at cost		$ 18,674	$ 13,805
Less: accumulated amortization		(5,023)	(3,169)
Intangible assets, net		13,651	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	1 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 119	$ 195

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets (Detail)	9 Months Ended
	Sep. 30, 2022
Anchor Tenant Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	11 years 8 months 12 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 7 months 6 days

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 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	Sep. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Benefits receivable related to retrospective reinsurance contracts	$ 14,781	$ 3,064
Reimbursement receivable under TPA service	801	3,525
Prepaid expenses	3,384	2,853
Deposits	3,592	406
Lease acquisition costs, net	665	505
Other	3,382	4,364
Total other assets	$ 26,605	$ 14,717

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Line of Credit Facility [Line Items]
Interest Expense		$ 2,813	$ 1,664	$ 4,929	$ 5,743
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		25	24	176	153
Amortization of Debt Issuance Costs		25	$ 25	74	$ 74
Revolving credit facility		0		0
Credit facility, maximum borrowing capacity		$ 65,000		$ 65,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total principal amount	$ 217,595	$ 45,849
Finance Lease, Liability	17	31
Less: unamortized issuance costs	(5,928)	(345)
Total long-term debt	211,667	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	9,163	9,431
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	6,966	7,246
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	5,033	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)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
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		9 Months Ended
	May 31, 2022 USD ($)	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($) $ / shares	Sep. 30, 2022 USD ($) TradingDay $ / shares	Sep. 30, 2021 USD ($) $ / shares
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%	4.25%	4.25%	4.25%
Cash dividends on common stock | $ / shares		$ 0.40	$ 0.40	$ 1.20	$ 1.20
Debt Instrument, Principal Amount				$ 172,500	$ 0
Convertible notes cash consideration				0	1,414
Debt conversion expense		$ 0	$ 1,273	$ 0	$ 1,273
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%		4.25%
Convertible debt, conversion ratio				16.5108
Convertible debt, conversion price | $ / shares		$ 60.57		$ 60.57
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 8 months 12 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	Sep. 30, 2022	Dec. 31, 2021
Long-Term Debt, Rolling Maturity [Abstract]
2022	$ 1,036
2023	1,065
2024	1,106
2025	1,151
2026	197,615
Thereafter	15,622
Total	$ 217,595	$ 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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest Expense, Debt [Abstract]
Contractual interest		$ 2,516	$ 1,421	$ 4,322	$ 4,832
Non-cash expense	[1]	272	219	431	758
Total		$ 2,788	$ 1,640	$ 4,753	$ 5,590
[1] Includes amortization of debt issuance costs.

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) Reinsurer	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) Reinsurer	Sep. 30, 2021 USD ($)	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	$ 952,996		$ 952,996		$ 76,650
Ceded losses recognized as a reduction in losses and loss adjustment expenses	907,541	$ 1,830	910,928	$ 2,424
Increase in credit loss expense	389	(13)	361	(41)
Allowances for credit losses related to the reinsurance recoverable balance	451		451		90
Reduction in premiums ceded	3,843	1,364	11,717	9,619
Other assets	26,605		26,605		14,717
Funds withheld for assumed business	67,313		67,313		73,716
Assumed premiums written	9,142	30,840	12,815	88,311
Premiums receivable	51,762		51,762		68,157
Reinsurance payable on paid losses and loss adjustment expenses	3,046		3,046		4,017
Hurricane [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net increase in premiums ceded	12,600
United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Funds withheld for assumed business	67,313		67,313		73,716
Southeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Assumed premiums written	9,142		40,303
Cost allowance					3,181
Net amount receivable			8,038		23,325
Premiums receivable	12,676		12,676
Ceding commission payable	2,028		2,028		8,835
Reinsurance payable on paid losses and loss adjustment expenses	2,610		2,610
Northeast Regions [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	1,301		1,301		4,486
Assumed premiums written	0	$ 30,840	27,488	$ 88,311
Premiums receivable					66
Ceding commission payable	865		865		535
Reinsurance payable on paid losses and loss adjustment expenses	436		436		4,017
Reinsurance [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Other assets	$ 14,781		$ 14,781		$ 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			74.70%

Reinsurance - Impact of the Rei

Reinsurance - Impact of the Reinsurance Contracts on Premiums Written and Earned (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Premiums Written:
Direct	$ 182,039		$ 143,426	$ 541,812		$ 396,781
Assumed	9,142		30,840	12,815		88,311
Gross written	191,181		174,266	554,627		485,092
Ceded	(74,741)		(55,577)	(184,108)		(145,112)
Net premiums written	116,440		118,689	370,519		339,980
Premiums Earned:
Direct	166,116		120,763	479,849		346,788
Assumed	15,597		29,046	61,913		73,403
Gross premiums earned	181,713	[1]	149,809	541,762	[2]	420,191
Ceded	(74,741)		(55,577)	(184,108)		(145,112)
Net premiums earned	$ 106,972		$ 94,232	$ 357,654		$ 275,079
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 98,985 from HCPCI and $ 5,686 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 330,969 from HCPCI and $ 8,643 from a reinsurance company.

Losses and Loss Adjustment Ex_3

Losses and Loss Adjustment Expenses - Losses and LAE (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net balance, beginning of period*	$ 196,414	$ 154,901	$ 172,410	$ 141,065
Incurred, net of reinsurance, related to:
Current period	126,486	53,834	275,010	147,064
Prior period	13,308	8,830	24,318	17,268
Total incurred, net of reinsurance	139,794	62,664	299,328	164,332
Paid, net of reinsurance, related to:
Current period	(45,732)	(31,663)	(102,155)	(59,265)
Prior period	(27,489)	(22,237)	(106,596)	(82,467)
Total paid, net of reinsurance	(73,221)	(53,900)	(208,751)	(141,732)
Net balance, end of period	262,987	163,665	262,987	163,665
Add: reinsurance recoverable before allowance for credit losses	938,855	39,512	938,855	39,512
Gross balance, end of period	$ 1,201,842	$ 203,177	$ 1,201,842	$ 203,177	$ 237,165

Losses and Loss Adjustment Ex_4

Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses overall development	$ 13,308	$ 8,830	$ 24,318	$ 17,268
Current year claims and claims adjustment expense	126,486	$ 53,834	275,010	$ 147,064
Hurricane [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Preliminary net loss estimated	65,000		65,000
United [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Current year claims and claims adjustment expense	18,715		42,114
Accident Year 2021 and Prior [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses overall development	$ 13,308		$ 24,318

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	29.90%	24%	28.70%	20.70%
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	60.50%	73.90%	66.60%	76.40%
Assets [Member] | Segment Concentration Risk [Member] | TypTap [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			36.70%		29.30%
Assets [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			55.90%		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				9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022		Sep. 30, 2021
Revenue:
Gross premiums earned	$ 181,713	[1]	$ 149,809		$ 541,762	[2]	$ 420,191
Premiums ceded	(74,741)		(55,577)		(184,108)		(145,112)
Net premiums earned	106,972		94,232		357,654		275,079
Net income (loss) from investment portfolio	17,299		1,883		15,721		14,052
Policy fee income	1,071		1,000		3,180		2,962
Gain on involuntary conversions					13,402		0
Other	1,312		2,102		3,065		3,502
Total revenue	126,654		99,217		379,620		295,595
Expenses:
Losses and loss adjustment expenses	139,794		62,664		299,328		164,332
Amortization of deferred policy acquisition costs	23,509		21,652		77,742		64,447
Other policy acquisition expenses	1,169		1,688		3,207		5,127
Stock-based compensation expense	4,130		2,732		12,709		9,229
Interest expense	2,813		1,664		4,929		5,743
Depreciation and amortization	1,272		504		3,336		1,605
Debt conversion expense	0		1,273		0		1,273
Personnel and other operating expenses	17,569		13,544		49,530		35,144
Total expenses	190,256		105,721		450,781		286,900
(Loss) income before income taxes	(63,602)		(6,504)		(71,161)		8,695
Gross premiums written	191,181		174,266		554,627		485,092
Operating Segments [Member] | HCPCI Insurance Operations [Member]
Revenue:
Gross premiums earned	104,671	[1]	98,256		339,612	[2]	300,827
Premiums ceded	(46,157)		(36,955)		(120,089)		(104,236)
Net premiums earned	58,514		61,301		219,523		196,591
Net income (loss) from investment portfolio	1,143		831		(1,760)		5,261
Policy fee income	613		693		1,895		2,106
Other	1,246		2,087		2,907		3,420
Total revenue	61,516		64,912		222,565		207,378
Expenses:
Losses and loss adjustment expenses	73,228		36,928		165,915		110,008
Amortization of deferred policy acquisition costs	11,333		12,402		46,339		43,906
Other policy acquisition expenses	748		633		2,090		2,170
Stock-based compensation expense	1,049		662		3,380		2,360
Interest expense
Depreciation and amortization	166		18		433		56
Personnel and other operating expenses	14,240		5,234		29,296		14,957
Total expenses	100,764		55,877		247,453		173,457
(Loss) income before income taxes	(39,248)		9,035		(24,888)		33,921
Total revenue from non-affiliates	55,801	[3]	65,629	[4]	213,810	[5]	206,743	[6]
Gross premiums written	119,400		118,280		323,680		323,490
Operating Segments [Member] | Real Estate Operations [Member]
Revenue:
Gain on involuntary conversions	13,402	[7]			13,402	[8]
Other	2,785	[7]	2,336	[9]	7,953	[8]	9,849	[10]
Total revenue	16,187	[7]	2,336	[9]	21,355	[8]	9,849	[10]
Expenses:
Interest expense	221	[7]	231	[9]	672	[8]	972	[10]
Depreciation and amortization	651	[7]	576	[9]	1,862	[8]	1,737	[10]
Personnel and other operating expenses	1,583	[7]	814	[9]	3,516	[8]	3,332	[10]
Total expenses	2,455	[7]	1,621	[9]	6,050	[8]	6,041	[10]
(Loss) income before income taxes	13,732	[7]	715	[9]	15,305	[8]	3,808	[10]
Total revenue from non-affiliates	15,848	[3],[7]	1,997	[4],[9]	20,339	[5],[8]	8,833	[6],[10]
Operating Segments [Member] | Corporate and Other [Member]
Revenue:
Net income (loss) from investment portfolio	1,338	[11]	172	[12]	426	[13]	4,059	[14]
Other	717	[11]	489	[12]	3,025	[13]	1,316	[14]
Total revenue	2,055	[11]	661	[12]	3,451	[13]	5,375	[14]
Expenses:
Stock-based compensation expense	2,212	[11]	1,599	[12]	6,678	[13]	4,431	[14]
Interest expense	2,591	[11]	1,432	[12]	4,256	[13]	4,950	[14]
Depreciation and amortization	186	[11]	171	[12]	660	[13]	711	[14]
Debt conversion expense			1,273	[12]			1,273	[14]
Personnel and other operating expenses	1,526	[11]	2,135	[12]	5,173	[13]	4,470	[14]
Total expenses	6,515	[11]	6,610	[12]	16,767	[13]	15,835	[14]
(Loss) income before income taxes	(4,460)	[11]	(5,949)	[12]	(13,316)	[13]	(10,460)	[14]
Total revenue from non-affiliates	1,440	[3],[11]	402	[4],[12]	1,530	[5],[13]	4,641	[6],[14]
Operating Segments [Member] | TypTap [Member]
Revenue:
Gross premiums earned	82,728	[1]	51,553		210,793	[2]	119,364
Premiums ceded	(33,236)		(20,135)		(70,798)		(42,229)
Net premiums earned	49,492		31,418		139,995		77,135
Net income (loss) from investment portfolio	1,144		102		1,411		933
Policy fee income	458		307		1,285		856
Other	512		480		1,513		1,130
Total revenue	51,606		32,307		144,204		80,054
Expenses:
Losses and loss adjustment expenses	62,153		24,224		129,833		52,976
Amortization of deferred policy acquisition costs	12,176		9,250		31,403		20,541
Other policy acquisition expenses	450		1,110		1,230		3,071
Stock-based compensation expense	869		471		2,651		2,438
Interest expense	222		1		633		91
Depreciation and amortization	865		342		2,200		942
Personnel and other operating expenses	8,497		7,214		24,516		18,569
Total expenses	85,232		42,612		192,466		98,628
(Loss) income before income taxes	(33,626)		(10,305)		(48,262)		(18,574)
Total revenue from non-affiliates	55,803	[3]	32,701	[4]	149,635	[5]	80,893	[6]
Gross premiums written	71,781		55,987		230,947		161,602
Intersegment Eliminations [Member]
Revenue:
Gross premiums earned	(5,686)	[1]			(8,643)	[2]
Premiums ceded	4,652		1,513		6,779		1,353
Net premiums earned	(1,034)		1,513		(1,864)		1,353
Net income (loss) from investment portfolio	13,674		778		15,644		3,799
Gain on involuntary conversions	(13,402)				(13,402)
Other	(3,948)		(3,290)		(12,333)		(12,213)
Total revenue	(4,710)		(999)		(11,955)		(7,061)
Expenses:
Losses and loss adjustment expenses	4,413		1,512		3,580		1,348
Amortization of deferred policy acquisition costs
Other policy acquisition expenses	(29)		(55)		(113)		(114)
Stock-based compensation expense
Interest expense	(221)				(632)		(270)
Depreciation and amortization	(596)		(603)		(1,819)		(1,841)
Personnel and other operating expenses	(8,277)		(1,853)		(12,971)		(6,184)
Total expenses	$ (4,710)		$ (999)		$ (11,955)		$ (7,061)
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 98,985 from HCPCI and $ 5,686 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 330,969 from HCPCI and $ 8,643 from a reinsurance company. Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Other revenue under real estate primarily consisted of rental income from investment properties. Other revenue under real estate primarily consisted of rental income from investment properties. Other revenue under real estate primarily consisted of rental income from investment properties. Other revenue under real estate primarily consisted of rental income from investment properties Other revenue under corporate and other primarily consisted of revenue from marina business. Other revenue under corporate and other primarily consisted of revenue from marina business. Other revenue under corporate and other primarily consisted of revenue from marina business. Other revenue under corporate and other primarily consisted of revenue from marina business.

Segment Information - Summary_2

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Segment Reporting Information [Line Items]
Gross premiums earned	$ 181,713	[1]	$ 149,809	$ 541,762	[2]	$ 420,191
Reinsurance [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	5,686			8,643
HCPCI [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	$ 98,985			$ 330,969
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 98,985 from HCPCI and $ 5,686 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 330,969 from HCPCI and $ 8,643 from a reinsurance company.

Segment Information - Summary_3

Segment Information - Summary of Segment Assets Reconciled to Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 2,144,743	$ 1,176,857
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(96,021)	(62,252)
HCPCI Insurance Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	1,141,660	676,509
Real Estate Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	125,992	127,651
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	159,569	65,349
TypTap [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 813,543	$ 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	Sep. 30, 2022	Dec. 31, 2021
Operating leases:
ROU Assets	$ 1,597	$ 2,204
Lease liabilities - operating leases	$ 1,539	$ 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	$ 17	$ 31

Leases - Summarizes the Company

Leases - Summarizes the Company's operating and finance leases in which the Company (Detail)	9 Months Ended
	Sep. 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	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 917
2023	92
2024	96
2025	101
2026	106
Thereafter	393
Total lease payments	1,705
Less: interest	166
Total lease obligations	1,539	$ 2,203
2022	15
2023	2
2024	0
2025	0
2026	0
Thereafter	0
Total lease payments	17
Less: interest	0
Total lease obligations	$ 17	$ 31

Leases -The Company's operating

Leases -The Company's operating and finance leases (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finance lease costs:
Amortization - ROU assets	$ 4	$ 4	$ 14	$ 13
Interest expense				1
Operating lease costs	281	386	937	1,231
Short-term lease costs	105	100	306	250
Total lease costs	$ 390	$ 490	1,257	1,495
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – finance leases				1
Operating cash flows – operating leases			924	1,237
Financing cash flows – finance leases			$ 14	$ 14
Weighted-average remaining lease term:
Finance leases (in years)	1 year 3 months 18 days		1 year 3 months 18 days
Operating leases (in years)	4 years 3 months 18 days		4 years 3 months 18 days
Weighted-average discount rate:
Finance leases	3.40%		3.40%
Operating leases	4%		4%

Leases - Summarizes the Compa_2

Leases - Summarizes the Company's operating leases (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (12,099)	$ (1,636)	$ (13,907)	$ 2,888
Effective tax rate	19%	25.20%	19.50%	33.20%

Earnings Per Share - Summary of

Earnings Per Share - Summary of Numerator and Denominator of Basic and Fully Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021		Sep. 30, 2022		Sep. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (51,503)		$ (4,868)		$ (57,254)		$ 5,807
Less: Net income attributable to redeemable noncontrolling interest	(2,285)		(2,202)		(6,801)		(5,175)
Less: TypTap Group's net loss attributable to non-HCI common stockholders and TypTap Group's participating securities	2,829		774		4,018		1,191
Net (loss) income attributable to HCI	(50,959)		(6,296)		(60,037)		1,823
Less: Loss (income) attributable to participating securities	3,289		537		3,855		(37)
Basic (Loss) Earnings Per Share:
(Loss) income allocated to common stockholders (Numerator)	$ (47,670)		$ (5,759)		$ (56,182)		$ 1,786
(Loss) Income allocated to common stockholders, Shares (Denominator)	8,427	[1]	8,023	[1]	8,972	[2]	7,676	[2]
(Loss) Income allocated to common stockholders, Per Share Amount	$ (5.66)		$ (0.72)		$ (6.26)		$ 0.23
Diluted Earnings Per Share:
(Loss) income available to common stockholders and assumed conversions, Income (Numerator)	$ (47,670)		$ (5,759)		$ (56,182)		$ 1,786
(Loss) income available to common stockholders and assumed conversions, Shares (Denominator)	8,427	[1]	8,023	[1]	8,972	[2]	8,092	[2]
(Loss) income available to common stockholders and assumed conversions, Per Share Amount	$ (5.66)		$ (0.72)		$ (6.26)		$ 0.22
Warrant [Member]
Diluted (Loss) Earnings Per Share:
Dilutive Securities, Shares (Denominator)	0	[1]	0	[1]	0	[2]	234	[2]
Stock Options [Member]
Diluted (Loss) Earnings Per Share:
Dilutive Securities, Shares (Denominator)	0	[1]	0	[1]	0	[2]	182	[2]
[1] (a) Shares in thousands. * For the three months ended September 30, 2022 and 2021, respectively, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. (a) Shares in thousands. * For the nine months ended September 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. For the nine months ended September 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						9 Months Ended
		Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests [Abstract]
Beginning Balance		$ 91,963	$ 89,695	$ 89,955	$ 88,071	$ 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		1,499	1,500	1,342	1,250	1,250	458	4,341	2,958
Accretion - increasing dividend rates		786	768	906	952	929	336	2,460	2,217
Cash dividends paid to redeemable noncontrolling interest		(3,000)		(2,508)	(2,542)		0	(5,508)	(2,542)
Ending Balance		$ 91,248	$ 91,963	$ 89,695	$ 87,731	$ 88,071	$ 85,892	$ 91,248	$ 87,731
[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	9 Months Ended
	Sep. 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						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Temporary Equity [Line Items]
Exercise price	$ 54.40						$ 54.40
Net income attributable to redeemable noncontrolling interest	$ 2,285			$ 2,202			$ 6,801	$ 5,175
Accrued cash dividends	1,499	$ 1,500	$ 1,342	1,250	$ 1,250	$ 458	4,341	2,958
Accretion - increasing dividend rates	$ 786	$ 768	$ 906	$ 952	$ 929	$ 336	$ 2,460	$ 2,217

Equity (Common Stock) - Additio

Equity (Common Stock) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended	9 Months Ended
	Sep. 16, 2022	Aug. 19, 2022	Jul. 14, 2022	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Class of Stock [Line Items]
Common stock repurchase authorized amount							$ 20,000
Stock repurchased and retired, total costs					$ (68,103)	$ (1,308)
Dividends per common share			$ 0.40
Dividends, date of declared			Jul. 14, 2022
Dividends, date of record		Aug. 19, 2022
Dividends, date of payment	Sep. 16, 2022
Share Repurchase Plan [Member]
Class of Stock [Line Items]
Common stock repurchased and retired, weighted average price, excluding fees and commissions				$ 51.69	$ 54.11
Stock repurchased and retired, total costs				$ (6,179)	$ (8,063)
Common stock repurchased and retired, weighted average price, including fees and commissions				$ 51.72	$ 54.14
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares					(1,056,997)	(17,193)
Common Stock [Member] | Share Repurchase Plan [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares				119,462	148,927

Equity (Warrants) - Additional

Equity (Warrants) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2022
Class of Stock [Line Items]
Warrants	750,000
Debt instrument stated interest rate	4.25%	4.25%
Debt Instrument, Interest Rate, Stated Percentage	4.25%	4.25%
Shares delivered under prepaid forward contract			191,100
Repurchase and retirement of common stock, value	$ 68,103	$ 1,308
Exercise price	$ 54.40
Warrants Expiration Date	Feb. 26, 2025
4.75% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%
Debt Instrument, Interest Rate, Stated Percentage	4.75%
4.75% Convertible Senior Notes [Member] | Share Repurchase Agreement [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%
Debt Instrument, Interest Rate, Stated Percentage	4.75%
Common stock repurchased and retired, weighted average price, including fees and commissions	$ 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	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Common stock, outstanding	8,926,845	8,926,845		10,131,399
Purchase of noncontrolling interests		$ (406)	$ (58)
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares		(1,056,997)	(17,193)
TTIG [Member]
Class of Stock [Line Items]
Common stock, outstanding	81,139,221	81,139,221
Common stock shares outstanding not owned by entity	6,139,221	6,139,221
Repurchase and retirement of common stock, shares	(2,893)	(69,876)
Purchase of noncontrolling interests	$ (17)	$ (406)

Stock-Based Compensation (2012

Stock-Based Compensation (2012 Omnibus Incentive Plan) - Additional Information (Detail)	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for grant	1,110,605

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Options) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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	0	0
Recognized compensation expenses	$ 4,130	$ 2,732	$ 12,709	$ 9,229
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	162	221	507	663
Deferred tax benefits recognized	0	3	0	4
Unrecognized compensation expense related to nonvested stock options	498		$ 498		$ 1,005
Recognition of remaining compensation expense over a weighted-average period			1 year 1 month 6 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 3,099	$ 2,039	$ 9,551	$ 6,280
Recognition of remaining compensation expense over a weighted-average period			2 years 2 months 12 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		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Sep. 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	440,000	440,000	440,000	440,000
Exercised, Number of Options	0		0				0	0
Outstanding, Ending Balance, Number of Options	440,000	440,000	440,000	440,000	440,000	440,000	440,000	440,000	440,000	440,000
Exercisable, Number of Options	357,500		275,000				357,500	275,000
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 45.25	$ 45.25	$ 45.25	$ 45.25	$ 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	45.25	45.25	$ 45.25	$ 45.25
Exercisable, Weighted-Average Exercise Price	$ 44.23		$ 43.40				$ 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	5 years 9 months 18 days	6 years 9 months 18 days	6 years 7 months 6 days	7 years 7 months 6 days
Exercisable, Weighted-Average Remaining Contractual Term							5 years 6 months	6 years 3 months 18 days
Outstanding, Aggregate Intrinsic Value	$ 117	$ 10,494	$ 29,238	$ 13,464	$ 9,354	$ 23,883	$ 117	$ 29,238	$ 18,119	$ 3,113
Exercisable, Aggregate Intrinsic Value	$ 117		$ 18,782				$ 117	$ 18,782

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	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	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		581,240	630,065	679,997	711,212	786,973	423,787
Granted, Number of Restricted Stock Awards			3,000	4,000	2,340	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		(1,665)	(700)	(3,265)	(38,855)	(9,060)	(2,050)
Ending balance, shares		579,575	581,240	630,065	674,697	711,212	786,973
Nonvested, Weighted-Average Grant Date Fair Value, Beginning balance		$ 38.61	$ 39	$ 39.72	$ 38.71	$ 39.11	$ 43.79
Granted, Weighted-Average Grant Date Fair Value			67.30	70.58	96.60	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		45.56	45.61	45.85	38.05	46.44	45.67
Nonvested, Weighted-Average Grant Date Fair Value, Ending balance		$ 38.59	$ 38.61	$ 39	$ 38.95	$ 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				9 Months Ended
	Feb. 28, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		$ 4,130	$ 2,732			$ 12,709	$ 9,229
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		3,099	2,039			9,551	6,280
Unrecognized compensation expense related to nonvested restricted stock		9,670				$ 9,670		$ 18,995
Recognition of remaining compensation expense over a weighted-average period						2 years 2 months 12 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		$ 162	$ 221			$ 507	$ 663
Recognition of remaining compensation expense over a weighted-average period						1 year 1 month 6 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred tax benefits recognized	$ 230	$ 420	$ 1,521	$ 879
Tax benefits realized for restricted stock and paid dividends	56	70	1,360	1,482
Fair value of vested restricted stock	$ 0	$ 0	$ 4,871	$ 4,742

Stock-Based Compensation (Subsi

Stock-Based Compensation (Subsidiary Equity Plan) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 4,130			$ 2,732			$ 12,709	$ 9,229
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		3,000	4,000	2,340	3,000	548,086
Recognized compensation expenses	3,099			$ 2,039			9,551	6,280
Unrecognized compensation expense related to nonvested restricted stock	9,670						9,670		$ 18,995
TTIG [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	869			$ 472			2,651	$ 2,286
Unrecognized compensation expense related to nonvested restricted stock and stock options	$ 8,780						$ 8,780		$ 11,230

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2022	Mar. 31, 2022	Oct. 31, 2021	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Unfunded Balance				$ 6,262	$ 11,073
Percentage of FIGA Assessment levied on Collected Premium	0.70%	1.30%	0.70%
Amount of FIGA Assessments payable				$ 2,858

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Future Minimum Aggregate Premium Amounts Payable to Reinsurer (Detail) $ in Thousands	Sep. 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

3 Months Ended

9 Months Ended

Dec. 16, 2022

Nov. 18, 2022

Oct. 13, 2022 $ / shares

Oct. 07, 2022 USD ($)

Oct. 05, 2022 $ / shares shares

Sep. 16, 2022

Aug. 19, 2022

Jul. 14, 2022 $ / shares

Jun. 30, 2022 $ / shares shares

Mar. 31, 2022 $ / shares shares

Jun. 30, 2021 $ / shares shares

Mar. 31, 2021 $ / shares shares

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

May 31, 2023

Nov. 07, 2022 USD ($)

Jun. 01, 2022

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

Gain on involuntary conversions | $

$ 13,402

$ 0

Dividends, date of paid

Sep. 16, 2022

Revolving Credit Facility [Member]

Subsequent Event [Line Items]

Credit facility, maximum borrowing capacity | $

$ 65,000

Restricted Stock [Member]

Subsequent Event [Line Items]

Number of restricted stock award shares vested | shares

51,125

50,667

68,541

41,250

Weighted average grant date fair value of restricted stock award shares vested | $ / shares

$ 45.04

$ 50.68

$ 43.80

$ 42.18

United Insurance Holdings Corporation [Member] | Hundred Percent Quota Share Reinsurance [Member]

Subsequent Event [Line Items]

Quota share reinsurance percentage

100%

Subsequent Event [Member]

Subsequent Event [Line Items]

Dividends per common share | $ / shares

$ 0.40

Dividends, date of declared

Oct. 13, 2022

Dividends, date of record

Nov. 18, 2022

Dividends, date of paid

Dec. 16, 2022

Premium Refund From Reinsurance Contract | $

$ 5,457

Subsequent Event [Member] | Revolving Credit Facility [Member]

Subsequent Event [Line Items]

Credit facility, maximum borrowing capacity | $

$ 50,000

Subsequent Event [Member] | Maximum [Member] | Revolving Credit Facility [Member]

Subsequent Event [Line Items]

Revolving credit facility maximum debt-to-capital ratio

67.5

Subsequent Event [Member] | Restricted Stock [Member]

Subsequent Event [Line Items]

Number of restricted stock award shares vested | shares

231,516

Weighted average grant date fair value of restricted stock award shares vested | $ / shares

$ 36.57

Stock Repurchased and Retired During Period, Shares | shares

80,339

Subsequent Event [Member] | United Insurance Holdings Corporation [Member] | Hundred Percent Quota Share Reinsurance [Member]

Subsequent Event [Line Items]

Quota share reinsurance percentage

100%