HCI (HCI) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 01, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
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		8,588,183

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Fixed-maturity securities, available for sale, at fair value (amortized cost: $427,063 and $494,197, respectively and allowance for credit losses: $0 and $0, respectively)	$ 418,676	$ 483,901
Equity securities, at fair value (cost: $41,244 and $36,272, respectively)	39,940	34,583
Limited partnership investments	23,174	25,702
Investment in unconsolidated joint venture, at equity	0	18
Real estate investments	45,269	71,388
Total investments	527,059	615,592
Cash and cash equivalents	324,019	234,863
Restricted cash	2,987	2,900
Receivable from maturities of fixed-maturity securities	53,000	0
Accrued interest and dividends receivable	3,891	1,952
Income taxes receivable	4,375	2,807
Premiums receivable, net (allowance: $3,581 and $5,362, respectively)	42,121	34,998
Prepaid reinsurance premiums	97,225	66,627
Reinsurance recoverable, net of allowance for credit losses:
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)	29,425	71,594
Unpaid losses and loss adjustment expenses (allowance: $319 and $454, respectively)	462,539	616,765
Deferred policy acquisition costs	45,032	45,522
Property and equipment, net	28,768	17,910
Right-of-use assets - operating leases	1,460	777
Intangible assets, net	8,272	10,578
Funds withheld for assumed business	44,761	48,772
Other assets	48,698	31,671
Total assets	1,723,632	1,803,328
Liabilities and Equity
Losses and loss adjustment expenses	709,089	863,765
Unearned premiums	395,827	368,047
Advance premiums	32,250	18,587
Reinsurance payable on paid losses and loss adjustment expenses	7,043	8,606
Ceded reinsurance premiums payable	3	17,646
Accrued expenses	25,934	14,534
Reinsurance recovered in advance on unpaid losses	0	19,863
Deferred income taxes, net	4,945	1,704
Long-term debt	208,331	211,687
Lease liabilities - operating leases	1,457	721
Other liabilities	43,895	23,361
Total liabilities	1,428,774	1,548,521
Commitments and contingencies (Note 21)
Redeemable noncontrolling interest (Note 18)	93,801	93,553
Equity:
Common stock (no par value, 40,000,000 shares authorized, 8,590,824 and 8,598,682 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively)	0	0
Additional paid-in capital	2,171	0
Retained income	203,766	172,482
Accumulated other comprehensive loss, net of taxes	(5,997)	(9,886)
Total stockholders’ equity	199,940	162,596
Noncontrolling interests	1,117	(1,342)
Total equity	201,057	161,254
Total liabilities, redeemable noncontrolling interest and equity	$ 1,723,632	$ 1,803,328

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Available-for-sale Debt securities, Amortized cost	$ 427,063	$ 494,197
Available-for-sale Debt securities, Allowance for credit losses	0	0
Equity securities, cost	41,244	36,272
Premiums Receivable, Allowance	3,581	5,362
Paid losses and loss adjustments allowance	0	0
Unpaid losses and loss adjustments allowance	$ 319	$ 454
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares Purchase	8,590,824	8,598,682
Common stock, outstanding	8,590,824	8,598,682

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Revenue
Gross premiums earned	$ 188,308	[1]	$ 181,713	[2]	$ 550,322	[3]	$ 541,762	[4]
Premiums ceded	(66,152)		(74,741)		(203,051)		(184,108)
Net premiums earned	122,156		106,972		347,271		357,654
Net investment income	9,384		18,530		35,893		25,082
Net realized investment losses	(207)		(884)		(1,586)		(1,204)
Net unrealized investment (losses) gains	(1,041)		(347)		385		(8,157)
Policy fee income	1,092		1,071		3,651		3,180
Other	260		1,312		2,386		3,065
Total revenue	131,644		126,654		388,000		379,620
Expenses
Losses and loss adjustment expenses	66,726		139,794		189,181		299,328
Policy acquisition and other underwriting expenses	22,768		24,678		68,106		80,949
General and administrative personnel expenses	13,864		15,848		41,638		45,183
Interest expense	2,827		2,813		8,295		4,929
Other operating expenses	5,371		7,123		17,290		20,392
Total expenses	111,556		190,256		324,510		450,781
Income (loss) before income taxes	20,088		(63,602)		63,490		(71,161)
Income tax expense (benefit)	4,419		(12,099)		15,146		(13,907)
Net income (loss)	15,669		(51,503)		48,344		(57,254)
Net income attributable to redeemable noncontrolling interest (Note 18)	(2,349)		(2,285)		(7,010)		(6,801)
Net (income) loss attributable to noncontrolling interests	(163)		2,829		(396)		4,018
Net income (loss) after noncontrolling interests	$ 13,157		$ (50,959)		$ 40,938		$ (60,037)
Basic earnings (loss) per share	$ 1.53		$ (5.66)		$ 4.76		$ (6.26)
Diluted earnings (loss) per share	$ 1.34		$ (5.66)		$ 4.16		$ (6.26)
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 102,075 from HCPCI and $ 5,815 from a reinsurance company. 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 $ 291,406 from HCPCI and $ 15,265 from a r einsurance 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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 15,669	$ (51,503)	$ 48,344	$ (57,254)
Other comprehensive income (loss):
Net unrealized gains (losses) arising during the period	850	(5,969)	1,002	(12,294)
Reclassification adjustment for net realized losses	157	5	907	426
Net change in unrealized gains (losses)	1,007	(5,964)	1,909	(11,868)
Deferred income taxes on above change	(255)	(1,337)	2,126	154
Total other comprehensive income (loss), net of income taxes	752	(7,301)	4,035	(11,714)
Comprehensive income (loss)	16,421	(58,804)	52,379	(68,968)
Comprehensive (income) loss attributable to noncontrolling interests	(194)	3,095	(542)	4,439
Comprehensive income (loss) after noncontrolling interests	$ 16,227	$ (55,709)	$ 51,837	$ (64,529)

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Income [Member]	Accumulated Other Comprehensive Income, Net of Tax [Member]	Total Stockholders' Equity [Member]	Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2021	$ 324,503		$ 76,077	$ 246,790	$ 498	$ 323,365	$ 1,138
Beginning Balance, shares at Dec. 31, 2021		10,131,399
Net income (loss)	(57,254)			(53,753)		(53,753)	(3,501)
Net income attributable to redeemable noncontrolling interest (Note 18)	(6,801)			(6,284)		(6,284)	(517)
Total other comprehensive income (loss), net of income taxes	(11,714)				(11,293)	(11,293)	(421)
Issuance of restricted stock, shares		7,000
Forfeiture of restricted stock, shares		(5,630)
Repurchase and retirement of common stock, value	(68,103)		(68,103)			(68,103)
Repurchase and retirement of common stock, shares		(1,056,997)
Repurchase and retirement of common stock under share repurchase plan, value	(8,063)		(8,063)			(8,063)
Repurchase and retirement of common stock under share repurchase plan, shares		(148,927)
Dilution from subsidiary stock-based compensation	2,245						2,245
Common stock dividends	(11,697)			(11,697)		(11,697)
Stock-based compensation	10,058		10,058			10,058
Ending Balance at Sep. 30, 2022	173,174		9,969	175,056	(10,795)	174,230	(1,056)
Ending Balance, shares at Sep. 30, 2022		8,926,845
Beginning Balance at Jun. 30, 2022	239,935		12,887	229,621	(3,760)	238,748	1,187
Beginning Balance, shares at Jun. 30, 2022		9,047,972
Net income (loss)	(51,503)			(48,846)		(48,846)	(2,657)
Net income attributable to redeemable noncontrolling interest (Note 18)	(2,285)			(2,113)		(2,113)	(172)
Total other comprehensive income (loss), net of income taxes	(7,301)				(7,035)	(7,035)	(266)
Forfeiture of restricted stock, shares		(1,665)
Repurchase and retirement of common stock under share repurchase plan, value	(6,179)		(6,179)			(6,179)
Repurchase and retirement of common stock under share repurchase plan, shares		(119,462)
Dilution from subsidiary stock-based compensation	852						852
Common stock dividends	(3,606)			(3,606)		(3,606)
Stock-based compensation	3,261		3,261			3,261
Ending Balance at Sep. 30, 2022	173,174		9,969	175,056	(10,795)	174,230	(1,056)
Ending Balance, shares at Sep. 30, 2022		8,926,845
Beginning Balance at Dec. 31, 2022	161,254			172,482	(9,886)	162,596	(1,342)
Beginning Balance, shares at Dec. 31, 2022		8,598,682
Net income (loss)	48,344			47,446		47,446	898
Net income attributable to redeemable noncontrolling interest (Note 18)	(7,010)			(6,508)		(6,508)	(502)
Total other comprehensive income (loss), net of income taxes	4,035				3,889	3,889	146
Issuance of restricted stock, shares		13,000
Forfeiture of restricted stock, shares		(6,360)
Repurchase and retirement of common stock, value	(784)		(784)			(784)
Repurchase and retirement of common stock, shares		(14,498)
Dilution from subsidiary stock-based compensation	1,917						1,917
Common stock dividends	(10,295)			(10,295)		(10,295)
Stock-based compensation	3,596		3,596			3,596
Additional paid-in capital shortfall adjustment allocated to retained income			(641)	641
Ending Balance at Sep. 30, 2023	201,057		2,171	203,766	(5,997)	199,940	1,117
Ending Balance, shares at Sep. 30, 2023		8,590,824
Beginning Balance at Jun. 30, 2023	188,634		1,062	194,034	(6,718)	188,378	256
Beginning Balance, shares at Jun. 30, 2023		8,594,764
Net income (loss)	15,669			15,345		15,345	324
Net income attributable to redeemable noncontrolling interest (Note 18)	(2,349)			(2,188)		(2,188)	(161)
Total other comprehensive income (loss), net of income taxes	752				721	721	31
Forfeiture of restricted stock, shares		(3,940)
Repurchase and retirement of common stock, shares		(43,511)
Dilution from subsidiary stock-based compensation	667						667
Common stock dividends	(3,426)			(3,426)		(3,426)
Stock-based compensation	1,110		1,110			1,110
Additional paid-in capital shortfall adjustment allocated to retained income			(1)	1
Ending Balance at Sep. 30, 2023	$ 201,057		$ 2,171	$ 203,766	$ (5,997)	$ 199,940	$ 1,117
Ending Balance, shares at Sep. 30, 2023		8,590,824

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Common stock dividends	$ 0.4	$ 0.4	$ 1.2	$ 1.2

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss) after noncontrolling interests	$ 40,938	$ (60,037)
Net income attributable to noncontrolling interests	7,406	2,783
Net income (loss)	48,344	(57,254)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense	5,813	12,709
Net accretion of discount on investments in fixed-maturity securities	(3,332)	(922)
Depreciation and amortization	6,201	5,659
Deferred income tax expense (benefit)	5,367	(9,880)
Net realized investment losses	1,586	1,204
Net unrealized investment (gains) losses	(385)	8,157
Credit loss (recovery) expense - reinsurance recoverable	(135)	361
Net income from unconsolidated joint venture	0	(495)
Distribution received from unconsolidated joint venture	0	489
Net income from limited partnership interests	(648)	(3,064)
Distributions received from limited partnership interests	844	2,417
Loss on extinguishment of debt	177	0
Gain on involuntary conversion	0	(13,402)
Gain on sales of real estate investments	(8,936)	(376)
Foreign currency remeasurement loss	49	91
Other non-cash items	72	(38)
Changes in operating assets and liabilities:
Accrued interest and dividends receivable	(1,939)	(1,679)
Income taxes	(1,568)	(4,050)
Premiums receivable, net	(7,123)	16,395
Prepaid reinsurance premiums	(30,598)	(78,184)
Reinsurance recoverable	196,530	(876,707)
Deferred policy acquisition costs	490	9,437
Funds withheld for assumed business	4,011	6,403
Other assets	(18,153)	(11,317)
Losses and loss adjustment expenses	(154,676)	964,677
Unearned premiums	27,780	12,865
Advance premiums	13,663	14,901
Reinsurance payable on paid losses and loss adjustment expenses	(1,563)	(971)
Reinsurance recovered in advance on unpaid losses	(19,863)	0
Ceded reinsurance premiums payable	(17,643)	(19,318)
Accrued expenses and other liabilities	32,956	3,631
Net cash provided by (used in) operating activities	77,321	(18,261)
Cash flows from investing activities:
Investments in limited partnership interests	(756)	(1,357)
Distributions received from limited partnership interests	3,088	4,732
Distribution received from unconsolidated joint venture	18	351
Purchase of property and equipment	(5,184)	(5,431)
Purchase of real estate investments	(2,320)	(445)
Purchase of intangible assets	(1,786)	(3,800)
Purchase of fixed-maturity securities	(264,504)	(393,145)
Purchase of equity securities	(15,989)	(20,921)
Purchase of short-term and other investments	(81)	(32)
Compensation received for property relinquished through eminent domain	0	14,500
Proceeds from sales of real estate investments	21,746	667
Proceeds from sales of fixed-maturity securities	17,409	11,694
Proceeds from calls, repayments and maturities of fixed-maturity securities	263,654	52,023
Proceeds from sales of equity securities	10,385	29,316
Proceeds from sales, redemptions and maturities of short-term and other investments	34	496
Net cash provided by (used in) investing activities	25,714	(311,352)
Cash flows from financing activities:
Cash dividends paid	(10,295)	(11,774)
Cash dividends received under share repurchase forward contract	0	77
Net repayment under revolving credit facility	0	(15,000)
Cash dividends paid to redeemable noncontrolling interest	(6,762)	(5,508)
Proceeds from issuance of long-term debt	12,000	172,500
Repayment of long-term debt	(437)	(754)
Redemption of long-term debt	(6,895)	0
Repurchases of common stock	(784)	(68,103)
Repurchases of common stock under share repurchase plan	0	(8,063)
Purchase of noncontrolling interests	(300)	(406)
Debt issuance costs	(279)	(6,014)
Net cash (used in) provided by financing activities	(13,752)	56,955
Effect of exchange rate changes on cash	(40)	(86)
Net increase (decrease) in cash, cash equivalents, and restricted cash	89,243	(272,744)
Cash, cash equivalents, and restricted cash at beginning of period	237,763	631,343
Cash, cash equivalents, and restricted cash at end of period	327,006	358,599
Supplemental disclosure of cash flow information:
Cash paid for income taxes	11,405	100
Cash paid for interest	4,933	1,665
Non-cash investing and financing activities:
Unrealized gain (loss) on investments in available-for-sale securities, net of tax	4,035	(11,714)
Sale of real estate investments:
Contingent consideration receivable	125	0
Long-term debt obligations assumed by the buyer	8,995	0
Receivable from maturities of fixed-maturity securities	(53,000)	0
Purchase of real estate investments and intangible assets:
Assumed liability	4	0
Acquisition of intangibles:
Contingent consideration payable	$ 0	$ 1,069

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 30, 2023
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 each insurance subsidiary are supported by HCI Group, Inc. and certain HCI subsidiaries. The operations of TypTap are also supported by TypTap Insurance Group, Inc. (“TTIG”), the Company’s majority-owned subsidiary, and certain TTIG subsidiaries. The Company emphasizes the use of internally developed technologies to collect and analyze claims and other supplemental data to assist in the underwriting process and generate savings as well as 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. On April 19, 2023, the Company incorporated a new property and casualty insurance subsidiary, Tailrow Insurance Company (“Tailrow”), in the State of Florida. Tailrow currently has no operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 -- Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements of 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, 2023 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, 2023. 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, 2022 included in the Company’s Form 10-K, which was filed with the SEC on March 10, 2023. 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, allowance for credit losses, and stock-based compensation expense involve significant judgments and estimates material to the Company’s consolidated financial statements. In the case of assumed business, the Company relies entirely on the ceding insurance company to provide information about premiums, losses, and loss adjustment expenses. When the information is not available at the reporting date, the Company will make estimates based on all recent available data. Accordingly, the actual results could differ significantly from those estimates. All significant intercompany balances and transactions have been eliminated. Revenue from Claims Processing Services Revenue related to claims processing services is included in other revenue in the consolidated statements of income. For the three and nine months ended September 30, 2023 , revenues from claims processing services were $ 4 and $ 708 , r espectively. For the three and nine months ended September 30, 2022 , revenues from claims processing services were $ 903 and $ 2,282 , respectively.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 3 -- Recent Accounting Pronouncements Accounting Standards Update No. 2023-01. In March 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-01 (“ASU 2023-01”) Leases (Topic 842): Common Control Arrangements. For public entities, this update amends the required amortization period for leasehold improvements associated with common control leases to be over the useful life of the leasehold improvements to the common control group, regardless of the lease term, as long as the lessee controls the use of the asset through a lease. In addition, if the lessor is sub-leasing the asset while simultaneously leasing the asset from an entity not within the same common control group, the amortization period may not exceed the amortization period of the common control group. Once the lessee no longer controls the use of the asset, the asset will be accounted for as a transfer between entities under common control through an adjustment to equity. ASU 2023-01 is effective for the Company beginning with the first quarter of 2024. The Company does not expect this update will have a material impact on its future financial position.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	9 Months Ended
	Sep. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Restricted Cash	Note 4 -- 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, 2023 2022 Cash and cash equivalents $ 324,019 $ 234,863 Restricted cash 2,987 2,900 Total $ 327,006 $ 237,763 Restricted cash represents funds in the Company’s sole ownership primarily held by certain states to meet regulatory requirements in which the Company’s insurance subsidiaries conduct business 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. In connection with the sale of the retail shopping center investment property in Melbourne, Florida as described in Note 5 -- “Investments” under Real Estate Investments , $ 87 of restricted cash was deposited in escrow in March 2023 with its release contingent on certain post-sale conditions being met.

Investments

Investments	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Note 5 -- 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, 2023 and December 31, 2022, 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, 2023 U.S. Treasury and U.S. government agencies $ 398,492 $ — $ 2 $ ( 6,923 ) $ 391,571 Corporate bonds 27,672 — 1 ( 1,425 ) 26,248 States, municipalities, and political subdivisions 405 — — — 405 Exchange-traded debt 494 — — ( 42 ) 452 Total $ 427,063 $ — $ 3 $ ( 8,390 ) $ 418,676 As of December 31, 2022 U.S. Treasury and U.S. government agencies $ 463,648 $ — $ 59 $ ( 9,105 ) $ 454,602 Corporate bonds 28,378 — 20 ( 1,205 ) 27,193 States, municipalities, and political subdivisions 1,389 — — ( 6 ) 1,383 Exchange-traded debt 683 — 2 ( 52 ) 633 Redeemable preferred stock 99 — — ( 9 ) 90 Total $ 494,197 $ — $ 81 $ ( 10,377 ) $ 483,901 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, 2023 and December 31, 2022 are as follows: September 30, 2023 December 31, 2022 Cost or Estimated Cost or Estimated Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale Due in one year or less $ 251,810 $ 250,533 $ 266,170 $ 265,353 Due after one year through five years 171,795 165,188 223,153 214,307 Due after five years through ten years 2,964 2,504 4,380 3,797 Due after ten years 494 451 494 444 $ 427,063 $ 418,676 $ 494,197 $ 483,901 Securities on Deposit The fair value of fixed-maturity securities on deposit with various regulatory authorities at September 30, 2023 and December 31, 2022 was $ 1,760 and $ 1,100 , respectively. 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, 2023 and 2022 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2023 $ 5,326 $ — $ ( 157 ) Three months ended September 30, 2022 $ 200 $ — $ ( 5 ) Nine months ended September 30, 2023 $ 17,409 $ — $ ( 907 ) Nine months ended September 30, 2022 $ 11,694 $ 13 $ ( 439 ) Gross Unrealized Losses for Available-for-Sale Fixed-Maturity Securities Securities with gross unrealized loss positions at September 30, 2023 and December 31, 2022, 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, 2023 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 387 ) $ 188,662 $ ( 6,536 ) $ 200,913 $ ( 6,923 ) $ 389,575 Corporate bonds ( 120 ) 5,835 ( 1,305 ) 20,278 ( 1,425 ) 26,113 Exchange-traded debt ( 42 ) 452 — — ( 42 ) 452 Total available-for-sale securities $ ( 549 ) $ 194,949 $ ( 7,841 ) $ 221,191 $ ( 8,390 ) $ 416,140 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, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 8,701 ) $ 269,116 $ ( 404 ) $ 4,644 $ ( 9,105 ) $ 273,760 Corporate bonds ( 909 ) 23,028 ( 296 ) 2,541 ( 1,205 ) 25,569 States, municipalities, and political ( 6 ) 1,383 — — ( 6 ) 1,383 Exchange-traded debt ( 52 ) 463 — — ( 52 ) 463 Redeemable preferred stock ( 9 ) 90 — — ( 9 ) 90 Total available-for-sale securities $ ( 9,677 ) $ 294,080 $ ( 700 ) $ 7,185 $ ( 10,377 ) $ 301,265 At September 30, 2023 and December 31, 2022, there we re 100 an d 84 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. There was no balance or activity in th e allowance for credit losses of available-for-sale fixed-maturity securities during the three and nine months ended September 30, 2023 and 2022. b) Equity Securities The Company holds investments in equity securities measured at fair values which are readily determinable. At September 30, 2023 and December 31, 2022, 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, 2023 $ 41,244 $ 2,538 $ ( 3,842 ) $ 39,940 December 31, 2022 $ 36,272 $ 2,078 $ ( 3,767 ) $ 34,583 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, 2023 2022 2023 2022 Net losses recognized $ ( 1,091 ) $ ( 1,279 ) $ ( 247 ) $ ( 9,144 ) Exclude: Net realized losses ( 50 ) ( 932 ) ( 632 ) ( 987 ) Net unrealized (losses) gains recognized $ ( 1,041 ) $ ( 347 ) $ 385 $ ( 8,157 ) 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, 2023 and 2022 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2023 $ 4,108 $ 215 $ ( 265 ) Three months ended September 30, 2022 $ 4,889 $ 135 $ ( 1,067 ) Nine months ended September 30, 2023 $ 10,385 $ 317 $ ( 949 ) Nine months ended September 30, 2022 $ 29,316 $ 1,988 $ ( 2,975 ) 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, 2023 December 31, 2022 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 3,385 $ — 15.37 $ 4,146 $ — 15.37 Value creation through active distressed debt 2,312 — 1.25 2,528 — 1.66 High returns and long-term capital appreciation 3,541 — 0.18 5,319 — 0.18 Value-oriented investments in less liquid and 3,269 — 0.55 3,470 — 0.56 Value-oriented investments in mature real 7,678 2,543 1.32 7,457 3,125 1.32 Risk-adjusted returns on credit and equity 2,989 2,388 0.55 2,782 2,536 0.98 Total $ 23,174 $ 4,931 $ 25,702 $ 5,661 (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 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) Effective July 1, 2023, this investment is in the process of winding down. 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, 2023 2022 2023 2022 Operating results: Total income $ 4,028 $ 208,468 $ 42,195 $ 724,413 Total expenses ( 24,066 ) ( 45,537 ) ( 51,163 ) ( 117,877 ) Net (loss) income $ ( 20,038 ) $ 162,931 $ ( 8,968 ) $ 606,536 September 30, December 31, 2023 2022 Balance sheet: Total assets $ 4,360,676 $ 5,119,695 Total liabilities $ 255,622 $ 430,354 For the three and nine months ended September 30, 2023 , the Company recognized net investment income from limited partnerships of $ 106 and $ 648 , respectively. During the three and nine months ended September 30, 2023 , the Company received total cash distributions of $ 915 and $ 3,932 , respectively, including returns on investment of $ 423 and $ 844 , respectively. 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. At September 30, 2023 and December 31, 2022 , the Company’s net cumulative contributed capital to the partnerships at each respective balance sheet date totaled $ 22,646 and $ 24,978 , respectively, and the Company’s maximum exposure to loss aggregated $ 23,174 and $ 25,702 , respectively. d) Investment in Unconsolidated Joint Venture Melbourne FMA, LLC, a wholly owned subsidiary, had an equity investment in FMKT Mel JV, a Florida limited liability company treated as a joint venture under U.S. GAAP. In January 2023, the Company received the final distribution of $ 18 from FMKT Mel JV, the unconsolidated joint venture that the Company had a 90 % equity interest in, which was liquidated on December 31, 2022. In June 2022, the joint venture sold its last remaining outparcel and recognized a gain on sale of $ 572 . e) Real Estate Investments Real estate investments consist of the following as of September 30, 2023 and December 31, 2022: September 30, December 31, 2023 2022 Land $ 31,052 $ 38,327 Land improvements 4,388 12,138 Buildings and building improvements 12,544 29,410 Tenant and leasehold improvements 1,846 1,742 Other 1,603 1,649 Total, at cost 51,433 83,266 Less: accumulated depreciation and amortization ( 6,164 ) ( 11,878 ) Real estate investments $ 45,269 $ 71,388 Since January 1, 2023, a Tampa office building property that was previously leased to an unaffiliated company has been used in operations by the Company and serves as TTIG’s corporate headquarters. As a result, in January 2023, $ 8,135 was reclassified out of real estate investments to property and equipment, net on the consolidated balance sheet. On March 31, 2023, the Company closed on its agreement to sell the retail shopping center investment property in Melbourne, Florida for a price of $ 18,500 , and also closed on its agreement to sell the retail shopping center investment property in Sorrento, Florida for a price of $ 13,418 . On September 19, 2023, Grove Haines City, LLC, a real estate subsidiary of Greenleaf Capital, LLC, acquired vacant land in Haines City, Florida and its associated leases for $ 3,393 , including acquisition costs of $ 100 , and assumed a liability of $ 4 . Of the total costs, $ 1,582 was recognized as real estate investments. See Note 8 -- “Intangible Assets, Net” for information about the acquired leases. The land will be developed into a retail shopping center to be anchored by a well-known grocery store chain. The transaction was determined to be an asset acquisition. Thus, acquisition-related costs were capitalized and allocated among the assets acquired. Depreciation and amortization expense related to real estate investments was $ 233 and $ 480 for the three months ended September 30, 2023 and 2022, respectively, and $ 914 and $ 1,469 for the nine months ended September 30, 2023 and 2022, respectively. f) Net Investment Income Net investment income (loss), by source, is summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Available-for-sale fixed-maturity $ 4,076 $ 2,125 $ 13,231 $ 3,710 Equity securities 397 288 1,071 875 Investment expense ( 126 ) ( 117 ) ( 380 ) ( 367 ) Limited partnership investments 106 1,265 648 3,064 Real estate investments 248 13,897 9,811 15,782 Net income from unconsolidated joint — — — 495 Cash and cash equivalents 4,683 1,072 11,512 1,523 Net investment income $ 9,384 $ 18,530 $ 35,893 $ 25,082 For the nine months ended September 30, 2023 , income from real estate investments included a net gain of $ 6,476 resulting from the sale of the retail shopping center investment property in Melbourne, Florida in March 2023 for a price of $ 18,500 , and also included a net gain of $ 2,460 resulting from the sale of the retail shopping center investment property in Sorrento, Florida in March 2023 for a price of $ 13,418 . For the three months ended September 30, 2022, income from real estate investments included a net 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 Florida Department of Transportation 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 and $ 451 of income from selling the liquor license previously owned by the Company’s discontinued restaurant business. g) Other Investments From time to time, the Company may invest in financial assets other than stocks, mutual funds, and bonds. For the three and nine months ended September 30, 2023, net realized losses relat ed to other investments were $ 0 and $ 47 , respectively. For the three and nine months ended September 30, 2022 , net realized gains were $ 53 and $ 209 , respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Comprehensive Income (Loss)	Note 6 -- 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 available-for-sale fixed-maturity securities 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, 2023 September 30, 2022 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains (losses) $ 850 $ 215 $ 635 $ ( 5,969 ) $ 1,336 $ ( 7,305 ) Reclassification adjustment for net 157 40 117 5 1 4 Total other comprehensive income $ 1,007 $ 255 $ 752 $ ( 5,964 ) $ 1,337 $ ( 7,301 ) Nine Months Ended Nine Months Ended September 30, 2023 September 30, 2022 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains (losses) $ 1,002 $ ( 2,356 ) $ 3,358 $ ( 12,294 ) $ ( 262 ) $ ( 12,032 ) Reclassification adjustment for net 907 230 677 426 108 318 Total other comprehensive income $ 1,909 $ ( 2,126 ) $ 4,035 $ ( 11,868 ) $ ( 154 ) $ ( 11,714 )

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7 -- 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 or deposited in escrow. Its 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 Secured Overnight Financing Rate (“SOFR”) plus a ten basis points adjustment plus a margin based on the debt-to-capital ratio. 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 * Discounted cash flow method/Level 3 inputs 3.75 % Callable Promissory Note * Discounted cash flow method/Level 3 inputs 4.55 % Promissory Note 2036 Discounted cash flow method/Level 3 inputs 5.50 % Promissory Note 2033 Discounted cash flow method/Level 3 inputs * Debt derecognized in March 2023. See Note 11 -- “Long-Term Debt” for additional information. 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, 2023 and December 31, 2022: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of September 30, 2023 Financial Assets: Cash and cash equivalents $ 324,019 $ — $ — $ 324,019 Restricted cash $ 2,987 $ — $ — $ 2,987 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 383,780 $ 7,791 $ — $ 391,571 Corporate bonds 26,248 — — 26,248 State, municipalities, and political subdivisions — 405 — 405 Exchange-traded debt 452 — — 452 Total available-for-sale securities $ 410,480 $ 8,196 $ — $ 418,676 Equity securities $ 39,940 $ — $ — $ 39,940 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2022 Financial Assets: Cash and cash equivalents $ 234,863 $ — $ — $ 234,863 Restricted cash $ 2,900 $ — $ — $ 2,900 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 446,233 $ 8,369 $ — $ 454,602 Corporate bonds 27,193 — — 27,193 State, municipalities, and political subdivisions — 1,383 — 1,383 Exchange-traded debt 633 — — 633 Redeemable preferred stock 90 — — 90 Total available-for-sale securities $ 474,149 $ 9,752 $ — $ 483,901 Equity securities $ 34,583 $ — $ — $ 34,583 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, 2023 and December 31, 2022: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of September 30, 2023 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 167,948 $ — $ 162,630 $ — $ 162,630 4.25 % Convertible Senior Notes 23,916 — 24,405 — 24,405 5.50 % Promissory Note 11,759 — — 10,955 10,955 4.55 % Promissory Note 4,706 — — 4,220 4,220 Total long-term debt $ 208,329 $ — $ 187,035 $ 15,175 $ 202,210 Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of December 31, 2022 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 167,126 $ — $ 133,167 $ — $ 133,167 4.25 % Convertible Senior Notes 23,916 — 19,473 — 19,473 3.90 % Promissory Note 8,943 — — 8,152 8,152 3.75 % Callable Promissory Note 6,789 — — 6,171 6,171 4.55 % Promissory Note 4,900 — — 4,642 4,642 Total long-term debt $ 211,674 $ — $ 152,640 $ 18,965 $ 171,605

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Note 8 -- Intangible Assets, Net The Company’s intangible assets, net consist of the following: September 30, December 31, 2023 2022 Anchor tenant relationships (a) $ — $ 1,761 In-place leases 2,221 3,579 Policy renewal rights 10,100 10,100 Non-compete agreements (b) 314 314 Total, at cost 12,635 15,754 Less: accumulated amortization ( 4,363 ) ( 5,176 ) Intangible assets, net $ 8,272 $ 10,578 (a) An anchor tenant is a tenant that attracts more customers than other tenants. (b) Fully amortized. The remaining weighted-average amortization periods for the intangible assets as of September 30, 2023 are summarized in the table below: In-place leases 11.6 years Policy renewal rights 2.6 years In connection with the sales of the retail shopping center investment properties in Melbourne, Florida and Sorrento, Florida as described in Note 5 -- “Investments” under Real Estate Investments , the Company derecognized $ 2,200 of intangible assets, net on March 31, 2023. In connection with the purchase of the investment property in Haines City, Florida as described in Note 5 -- “Investments” under Real Estate Investments , the Company recognized $ 1,811 of in-place lease intangible assets on September 19, 2023. At September 30, 2023 and December 31, 2022, contingent liabilities related to renewal rights intangible assets wer e $ 371 an d are included in other liabilities on the consolidated balance sheets.

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Note 9 -- Other Assets The following table summarizes the Company’s other assets: September 30, December 31, 2023 2022 Benefits receivable related to retrospective reinsurance contracts $ 37,296 $ 16,317 Reimbursement and fees receivable under TPA service 5,335 7,303 Prepaid expenses 3,376 2,826 Deposits 448 491 Lease acquisition costs, net 671 832 Other 1,572 3,902 Total other assets $ 48,698 $ 31,671 Management reviewed the collectability of the reimbursement and fees receivable under third-party administrator (“TPA”) service as of September 30, 2023 and, considering the net balance due to the counterparty as well as the balance of funds withheld for assumed business as of September 30, 2023 , determined that an allowance for credit losses is not necessary for the reimbursement and fees receivable under TPA service. See Note 23 -- “Subsequent Events” for additional information.

Revolving Credit Facility

Revolving Credit Facility	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 10 -- Revolving Credit Facility At September 30, 2023, the Company h ad no bor rowings outstanding under the credit facility. For the three months ended September 30, 2023 and 2022 , interest expense was $ 21 a nd $ 25 , respectively, includi ng $ 21 a nd $ 25 of amortization of issuance costs, respectively. For the nine months ended September 30, 2023 and 2022 , interest expense was $ 69 and $ 176 , respectively, including $ 68 and $ 74 of amortization of issuance costs, respectively. At September 30, 2023, the Company was in compliance with all required covenants and had available borrowing capacity of $ 50,000 . On June 2, 2023, the Company executed an Amended Credit Agreement. Under the terms of this agreement, the expiry date of the revolving commitment was extended to December 31, 2024 and the maximum debt-to-capital ratio as defined in the Amended Credit Agreement is set at 65 % beginning with the first quarter of 2024.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Note 11 -- Long-Term Debt The following table summarizes the Company’s long-term debt: September 30, December 31, 2023 2022 4.75 % Convertible Senior Notes, due June 1, 2042 $ 172,500 $ 172,500 4.25 % Convertible Senior Notes, due March 1, 2037 23,916 23,916 3.90 % Promissory Note, due through April 1, 2032 — 9,072 3.75 % Callable Promissory Note, due through September 1, 2036 — 6,871 4.55 % Promissory Note, due through August 1, 2036 4,768 4,968 5.50 % Promissory Note, due through July 1, 2033 11,963 — Finance lease liabilities, due through October 15, 2024 2 13 Total principal amount 213,149 217,340 Less: unamortized issuance costs ( 4,818 ) ( 5,653 ) Total long-term debt $ 208,331 $ 211,687 The following table summarizes future maturities of long-term debt as of September 30, 2023 , 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, 2023 $ 512 2024 536 2025 563 2026 197,008 2027 622 Thereafter 13,908 Total $ 213,149 Information with respect to interest expense related to long-term debt is as follows: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Interest Expense: Contractual interest $ 2,522 $ 2,516 $ 7,386 $ 4,322 Non-cash expense (a) 284 272 840 431 Total $ 2,806 $ 2,788 $ 8,226 $ 4,753 (a) Includes amortization of debt issuance costs. 4.25% Convertible Senior Notes 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, 2023 , the conversion rate of the Company’s 4.25 % Convertible Senior Notes was 16.578 shares of common stock for each $1 in principal amount, which was the equivalent of approximately $ 60.32 per share. There were no unamortized debt issuance costs for the 4.25% Convertible Senior Notes at September 30, 2023. 4.75% Convertible Senior Notes The conversion rate of the 4.75 % Convertible Senior Notes issued in May 2022 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 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, 2023 , the remaining amortization period of the debt issuance costs was expected to be 3.7 years for the 4.75% Convertible Senior Notes. 3.90% Promissory Note On March 31, 2023, in conjunction with the sale of the retail shopping center investment property in Melbourne, Florida for a price of $ 18,500 , the buyer assumed the 3.90% Promissory Note from the Company which consisted of the $ 8,979 principal balance plus $ 16 of accrued interest at March 31, 2023. 3.75% Callable Promissory Note On March 31, 2023, the Company made an early repayment of the entirety of its 3.75% Callable Promissory Note which included $ 6,775 of principal balance plus $ 22 of accrued interest. As a result, the Company incurred a $ 177 loss on extinguishment of debt. The note was collateralized by the retail shopping center investment property in Sorrento, Florida which was sold as described in Note 5 -- “Investments” under Real Estate Investments . 5.50% Promissory Note On June 26, 2023, Gulf to Bay LM, LLC, a subsidiary of the Company, entered into a ten-year secured loan agreement for proceeds of $ 12,000 . The loan is collateralized by the Company’s Clearwater, Florida real estate, which is owned by Gulf to Bay LM, LLC, and the lease agreements associated with this property. The loan bears a fixed annual interest rate of 5.50 %. Approximately $ 74 of principal and interest is payable in 120 monthly installments. The promissory note may be repaid in full or in part after August 1, 2025 as long as the Company provides at least 30 days’ written notice and pays a prepayment consideration as specified in the loan agreement. The proceeds are used for real estate development projects or other general business purposes.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Reinsurance	Note 12 -- 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. On January 12, 2023, HCPCI and TypTap received approval from the Florida Office of Insurance Regulation (“FLOIR”) to discontinue flood insurance policies written in Florida. Since the approval, the Company has cancelled or not renewed the majority of its flood insurance policies. However, the Company is required to continue providing flood insurance coverage to policyholders with open claims until criteria set by the FLOIR for cancellation and non-renewal are met. The reason for discontinuation is primarily attributable to the increased costs and reduced availability of flood reinsurance. The discontinuation does not have a material impact to the Company’s results of operations. 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, 2023 2022 2023 2022 Premiums Written: Direct $ 198,265 $ 182,039 $ 585,671 $ 541,812 Assumed — 9,142 ( 7,569 ) 12,815 Gross written 198,265 191,181 578,102 554,627 Ceded ( 66,152 ) ( 74,741 ) ( 203,051 ) ( 184,108 ) Net premiums written $ 132,113 $ 116,440 $ 375,051 $ 370,519 Premiums Earned: Direct $ 188,308 $ 166,116 $ 543,159 $ 479,849 Assumed — 15,597 7,163 61,913 Gross earned 188,308 181,713 550,322 541,762 Ceded ( 66,152 ) ( 74,741 ) ( 203,051 ) ( 184,108 ) Net premiums earned $ 122,156 $ 106,972 $ 347,271 $ 357,654 During the three and nine months ended September 30, 2023 , the Company recognized ceded losses of $ 2,911 and $ 6,771 , respectively, as reductions in losses and loss adjustment expenses. 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. At September 30, 2023 and December 31, 2022 , there were 33 and 45 reinsurers, respectively, participating in the Company’s reinsurance program. Total net amounts recoverable and receivable from reinsurers at September 30, 2023 and December 31, 2022 were $ 491,964 and $ 688,359 , respectively. Approximatel y 69.9 % of the reinsurance recoverable balance at September 30, 2023 was receivable from six reinsurers. Based on all available information considered in the rating-based method, the Company recogn ized decreases in credit loss expense of $ 33 and $ 135 for the three and nine months ended September 30, 2023, respectively. For the three and nine months ended September 30, 2022 , the Company recognized increases in credit loss expense of $ 389 and $ 361 , respectively. Allowances for credit losses related to the reinsurance recoverable balance were $ 319 and $ 454 at September 30, 2023 and December 31, 2022, respectively. One of the existing reinsurance contracts includes retrospective provisions that adjust premiums in the event losses are minimal or zero. Prior to June 1, 2022, there were two reinsurance contracts with retrospective provisions. For the three and nine months ended September 30, 2023 , the Company recognized reductions in premiums ceded of $ 6,993 and $ 20,979 , respectively, related to these adjustments in the consolidated statements of income. Due to the impact of Hurricane Ian during the third quarter of 2022, the balance of previously accrued benefits under the multi-year reinsurance contract with retrospective provisions was decreased by $ 12,600 . For the three and nine months ended September 30, 2022 , the Company recognized reductions in premiums ceded of $ 3,843 and $ 11,717 , respectively. See Note 21 -- “Commitments and Contingencies” for additional information. Amounts receivable pursuant to retrospective provisions are reflected in other assets. At September 30, 2023 and December 31, 2022 , other assets included $ 37,296 and $ 16,317 , respectively, of amounts receivable pursuant to retrospective provisions. Management believes the credit risk associated with the collectability of these accrued benefits is minimal as the amount receivable is concentrated wit h one reinsurer with a good credit rating and the Company monitors the creditworthiness of this reinsurer based on available information about the reinsurer’s financial condition. Reinsurance provided to other insurance companies In 2022, the Company provided quota share reinsurance on all 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”) and the states of Georgia, North Carolina, and South Carolina (collectively “Southeast Region”). These policies were renewed and/or replaced by the Company. As of the financial reporting date, there was no reinsurance provided to United by the Company. However, additional losses may be incurred pertaining to the previous coverage periods of the quota share reinsurance agreements. For the three and nine months ended September 30, 2023, assumed premiums written related to the Northeast Region’s insurance policies were $ 0 , wh ereas for the three and nine months ended September 30, 2022 , $ 0 and $ 27,488 , respectively, of assumed premiums written related to the Northeast Region’s insurance policies were derecognized, which primarily resulted from the return of the unearned portion of assumed written premiums subsequent to the Company’s renewal and/or replacement of insurance policies in Massachusetts. At September 30, 2023, the Company had a net balance of $ 1,207 due to United related to the Northeast Region, consisting of payable on paid losses and loss adjustment expenses of $ 626 and ceding commission payable of $ 581 . At December 31, 2022 , the Company had a net balance of $ 1,581 due to United related to the Northeast Region, consisting of payable on paid losses and loss adjustment expenses of $ 1,000 and ceding commission payable of $ 581 . Effective December 30, 2022, the Company’s quota share reinsurance agreement to provide 100% reinsurance on United’s policies in the Northeast Region was commuted. For the three and nine months ended September 30, 2023 , $ 0 and $ 7,569 , respectively, of assumed premiums written related to the Southeast 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 the Southeast Region, whereas 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, 2023 , the Company had a net balance of $ 14,402 due to United related to the Southeast Region, consisting of premiums payable of $ 9,506 and payable on paid losses and loss adjustment expenses of $ 6,417 , offset by ceding commission receivable of $ 1,521 . At December 31, 2022 , the Company had a net balance of $ 7,521 due to United related to the Southeast Region, consisting of payable on paid losses and loss adjustment expenses of $ 7,606 and ceding commission payable of $ 16 , offset by premiums receivable of $ 101 . On February 27, 2023, United’s Florida-domiciled residential insurance subsidiary was placed into receivership by the State of Florida due to its financial insolvency. At September 30, 2023, the Company had a net amount due to United of $ 10,274 and funds withheld for assumed business in trust accounts totaling $ 44,761 for the benefit of policies assumed from United. The Company ceased providing TPA services to United in March 2023. The Company cannot predict the actions a receiver might take, which may include restrictions on, or use of, funds held in trust. Any such actions could have a material adverse effect on the Company’s financial position and results of operations. See Note 23 -- “Subsequent Events” for additional information. At September 30, 2023 and December 31, 2022 , the balance of funds withheld for assumed business related to the Company’s quota share reinsurance agreements with United was $ 44,761 and $ 48,772 , respectively.

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Losses and Loss Adjustment Expenses	Note 13 -- 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 claims 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, 2023 2022 2023 2022 Net balance, beginning of period* $ 243,586 $ 196,414 $ 246,546 $ 172,410 Incurred, net of reinsurance, related to: Current period 58,621 126,486 176,287 275,010 Prior periods 8,105 13,308 12,894 24,318 Total incurred, net of reinsurance 66,726 139,794 189,181 299,328 Paid, net of reinsurance, related to: Current period ( 36,299 ) ( 45,732 ) ( 74,514 ) ( 102,155 ) Prior periods ( 27,782 ) ( 27,489 ) ( 114,982 ) ( 106,596 ) Total paid, net of reinsurance ( 64,081 ) ( 73,221 ) ( 189,496 ) ( 208,751 ) Net balance, end of period 246,231 262,987 246,231 262,987 Add: reinsurance recoverable before allowance for 462,858 938,855 462,858 938,855 Gross balance, end of period $ 709,089 $ 1,201,842 $ 709,089 $ 1,201,842 * 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, 2023 , the Company recognized losses related to prior periods of $ 8,105 and $ 12,894 , respectively, primarily to increase reserves in response to litigation. Losses and LAE for the three and nine months ended September 30, 2023 included net estimated losses of approximately $ 16,225 and $ 51,560 , respectively, related to United policies assumed, renewed and/or replaced. Lower losses and LAE for the three and nine months ended September 30, 2023 primarily resulted from a decrease in claims and litigation related to Florida policies. During the third quarter of 2022, the Company incurred approximately $ 65,000 of losses resulting from Hurricane Ian.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 14 -- Segment Information The Company identifies its operating divisions or segments based on managerial emphasis, organizational structure and revenue source. 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, 2023 and 2022, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 64.4 % and 60.5 %, respectively, and revenues from the TypTap Group segment represented 34.1 % and 29.9 %, respectively, of total revenues of all operating segments. For the nine months ended September 30, 2023 and 2022, revenues from the HCPCI insurance operations segment before intracompany elimination represented 63.7 % an d 66.6 %, respectively, and revenues from the TypTap Group segment represented 34.6 % a nd 28.7 %, respectively, of total revenues of all operating segments. At September 30, 2023 and December 31, 2022, HCPCI insurance operations’ total assets represent ed 56.6 % and 53.4 %, respectively, and TypTap Group’s total assets represented 34.6 % and 37.9 %, 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, 2023 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 107,890 $ 86,233 $ — $ — $ ( 5,815 ) $ 188,308 Premiums ceded ( 43,751 ) ( 28,216 ) — — 5,815 ( 66,152 ) Net premiums earned 64,139 58,017 — — — 122,156 Net income from investment portfolio 3,373 3,210 — 1,735 ( 182 ) 8,136 Policy fee income 533 559 — — — 1,092 Other 3,949 1,184 2,355 526 ( 7,754 ) 260 Total revenue 71,994 62,970 2,355 2,261 ( 7,936 ) 131,644 Expenses: Losses and loss adjustment expenses 29,819 37,324 — — ( 417 ) 66,726 Amortization of deferred policy acquisition costs 10,313 11,373 — — — 21,686 Other policy acquisition expenses 581 527 — — ( 26 ) 1,082 Stock-based compensation expense 419 730 — 691 — 1,840 Interest expense — 431 226 2,601 ( 431 ) 2,827 Depreciation and amortization 141 1,036 329 160 ( 238 ) 1,428 Personnel and other operating expenses 10,137 9,317 1,486 1,851 ( 6,824 ) 15,967 Total expenses 51,410 60,738 2,041 5,303 ( 7,936 ) 111,556 Income (loss) before income taxes $ 20,584 $ 2,232 $ 314 $ ( 3,042 ) $ — $ 20,088 Total revenue from non-affiliates (d) $ 62,418 $ 63,957 $ 1,519 $ 1,692 Gross premiums written $ 127,334 $ 70,931 (a) Other revenue under real estate primarily consisted of rental income from investment properties. (b) Other revenue under corporate and other primarily consisted o f revenue from marina business. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 102,075 from HCPCI and $ 5,815 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, 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 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Policy fee income 613 458 — — — 1,071 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 Nine Months Ended September 30, 2023 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 306,671 $ 258,916 $ — $ — $ ( 15,265 ) $ 550,322 Premiums ceded ( 124,399 ) ( 93,887 ) — — 15,235 ( 203,051 ) Net premiums earned 182,272 165,029 — — ( 30 ) 347,271 Net income from investment portfolio 10,720 10,191 — 5,262 8,519 34,692 Gain from sales of real estate investments — — 8,936 — ( 8,936 ) — Policy fee income 1,647 2,004 — — — 3,651 Other 12,319 4,017 7,410 1,798 ( 23,158 ) 2,386 Total revenue 206,958 181,241 16,346 7,060 ( 23,605 ) 388,000 Expenses: Losses and loss adjustment expenses 86,254 105,317 — — ( 2,390 ) 189,181 Amortization of deferred policy acquisition costs 29,934 34,658 — — — 64,592 Other policy acquisition expenses 1,853 1,735 — — ( 74 ) 3,514 Stock-based compensation expense 1,413 2,217 — 2,183 — 5,813 Interest expense — 1,292 496 7,799 ( 1,292 ) 8,295 Depreciation and amortization 421 3,022 1,282 566 ( 1,011 ) 4,280 Loss on extinguishment of debt — — 177 — ( 177 ) — Personnel and other operating expenses 28,972 28,688 4,541 5,295 ( 18,661 ) 48,835 Total expenses 148,847 176,929 6,496 15,843 ( 23,605 ) 324,510 Income (loss) before income taxes $ 58,111 $ 4,312 $ 9,850 $ ( 8,783 ) $ — $ 63,490 Total revenue from non-affiliates (d) $ 181,587 $ 192,654 $ 13,895 $ 5,353 Gross premiums written $ 353,032 $ 225,070 (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 $ 291,406 from HCPCI and $ 15,265 from a r einsurance 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, 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 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Policy fee income 1,895 1,285 — — — 3,180 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 Income (loss) 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. The following table presents segment assets reconciled to the Company’s total assets on the consolidated balance sheets: September 30, December 31, 2023 2022 Segments: HCPCI Insurance Operations $ 935,294 $ 912,233 TypTap Group 632,103 704,429 Real Estate Operations 109,246 126,001 Corporate and Other 191,084 159,378 Consolidation and Elimination ( 144,095 ) ( 98,713 ) Total assets $ 1,723,632 $ 1,803,328

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Leases	Note 15 -- 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, 2023 2022 Operating leases: ROU assets $ 1,460 $ 777 Liabilities $ 1,457 $ 721 Finance leases: ROU assets $ 6 $ 80 Liabilities $ 2 $ 13 The Company entered into a new lease effective March 2023 for its office space in Plantation, Florida which relates to its claims related administration. The lease has an initial term of 5.25 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 36 to 63 months Yes (a) Office space 5 to 9 years Yes (a), (b) Finance lease: Office equipment 3 to 5 years Not applicable (c) (a) There are no variable lease payments. (b) Rent escalation provisions exist. (c) There is a bargain purchase option. As of September 30, 2023, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following September 30, 2023 $ 283 $ 2 2024 292 — 2025 302 — 2026 311 — 2027 246 — Thereafter 278 — Total lease payments 1,712 2 Less: interest 255 — Total lease obligations $ 1,457 $ 2 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, 2023 2022 2023 2022 Lease costs: Finance lease costs: Amortization – ROU assets* $ 6 $ 4 $ 14 $ 14 Operating lease costs* 74 281 203 937 Short-term lease costs* 94 105 261 306 Total lease costs $ 174 $ 390 $ 478 $ 1,257 Cash paid for amounts included in the Operating cash flows – operating leases $ 144 $ 924 Financing cash flows – finance leases $ 11 $ 14 September 30, 2023 Weighted-average remaining lease term: Finance leases (in years) 1.0 Operating leases (in years) 5.9 Weighted-average discount rate: Finance leases (%) 2.4 % Operating leases (%) 6.1 % * Included in other operating expenses on the consolidated statements of income. The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms Class of Assets Initial Term Option and Conditions Operating lease: Retail space 3 to 15 years Yes (d) Boat docks/wet slips 1 to 12 months Yes (d) (d) There are no purchase options.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 16 -- Income Taxes 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. As of December 31, 2022, management concluded that it was more likely than not that the deferred tax assets would not be realized and therefore recorded a valuation allowance. The Company evaluates the realizability of its deferred tax assets each quarter, and during the first quarter of 2023, based on all of the available evidence, management concluded that it is more likely than not that the deferred tax assets will be realized and therefore is releasing the entire valuation allowance in 2023, as a part of the effective tax rate. During the three and nine months ended September 30, 2023, approximate ly $ 657 and $ 1,841 , re spectively, of valuation allowance was released through income tax expense. During the three months ended September 30, 2023 , the Company recorded approximately $ 4,419 of income tax expense, which resulted in an effective tax rate o f 22.0 % . During the three months ended September 30, 2022 , the Company recorded approximately $ 12,099 of income tax benefit, which resulted in an effective tax rate of 19.0 %. The increase in the effective tax rate as compared with the corresponding period in the prior year was primarily attributable to the increase in non-deductible compensation, partially offset by the release of the valuation allowance established in 2022 during the third quarter of 2023. During the nine months ended September 30, 2023 , the Company recorded approximately $ 15,146 of income tax expense, which resulted in an effective tax rate of 23.9 %. 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 %. The increase in the effective tax rate in 2023 as compared with the corresponding period in the prior year was primarily attributable to the increase in non-deductible compensation, partially offset by the release of valuation allowance established in 2022 during the nine months of 2023 and the recognition of tax benefits attributable to restricted stock that vested in February and May 2023. 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 non-deductible and tax-exempt items.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 17 -- 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, 2023 September 30, 2022 Income Shares (a) Per Share Loss Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income (loss) $ 15,669 $ ( 51,503 ) Less: Net income attributable to redeemable ( 2,349 ) ( 2,285 ) Less: TypTap Group’s net (income) loss ( 163 ) 2,829 Net income (loss) attributable to HCI 13,157 ( 50,959 ) Less: (Income) loss attributable to ( 411 ) 3,289 Basic Earnings (Loss) Per Share: Income (loss) allocated to common 12,746 8,317 $ 1.53 ( 47,670 ) 8,427 $ ( 5.66 ) Effect of Dilutive Securities: * Stock options — 88 — — Convertible senior notes 1,927 2,538 — — Warrants — 32 — — Diluted Earnings (Loss) Per Share: Income (loss) available to common $ 14,673 10,975 $ 1.34 $ ( 47,670 ) 8,427 $ ( 5.66 ) (a) Shares in thousands . * For the three months ended September 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. Nine Months Ended Nine Months Ended September 30, 2023 September 30, 2022 Income Shares (a) Per Share Loss Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income (loss) $ 48,344 $ ( 57,254 ) Less: Net income attributable to redeemable ( 7,010 ) ( 6,801 ) Less: TypTap Group’s net (income) loss ( 396 ) 4,018 Net income (loss) attributable to HCI 40,938 ( 60,037 ) Less: (Income) loss attributable to ( 1,395 ) 3,855 Basic Earnings (Loss) Per Share: Income (loss) allocated to common 39,543 8,299 $ 4.76 ( 56,182 ) 8,972 $ ( 6.26 ) Effect of Dilutive Securities: * Stock options — 68 — — Convertible senior notes 5,771 2,538 — — Diluted Earnings (Loss) Per Share: Income (loss) available to common $ 45,314 10,905 $ 4.16 $ ( 56,182 ) 8,972 $ ( 6.26 ) (a) Shares in thousands . * For the nine months ended September 30, 2023, warrants were excluded due to anti-dilutive effect. For the nine months ended September 30, 2022 , convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2023
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 18 -- Redeemable Noncontrolling Interest The following table summarizes the activity of redeemable noncontrolling interest during the nine months ended September 30, 2023 and 2022: 2023 2022 Balance at January 1 $ 93,553 $ 89,955 Increase (decrease): Accrued cash dividends 1,637 1,342 Accretion - increasing dividend rates 687 906 Dividends paid ( 3,012 ) ( 2,508 ) Balance at March 31 $ 92,865 $ 89,695 Increase (decrease): Accrued cash dividends 1,875 1,500 Accretion - increasing dividend rates 462 768 Balance at June 30 $ 95,202 $ 91,963 Increase (decrease): Accrued cash dividends 1,876 1,499 Accretion - increasing dividend rates 473 786 Dividends paid ( 3,750 ) ( 3,000 ) Balance at September 30 $ 93,801 $ 91,248 On July 3, 2023, 1,000,000 voting shares of TTIG's Series A-1 Preferred Stock were exchanged for 1,000,000 non-voting shares of TTIG's Series A-2 Preferred Stock. The exchange did not change the number of shares of TTIG capital stock issued and outstanding. For the three months ended September 30, 2023 and 2022 , net income attributable to redeemable noncontrolling interest was $ 2,349 and $ 2,285 , respectively, consisting of accrued cash dividends of $ 1,876 and $ 1,499 , respectively, and accretion related to increasing dividend rates of $ 473 and $ 786 , respectively. For the nine months ended September 30, 2023 and 2022 , net income attributable to redeemable noncontrolling interest was $ 7,010 and $ 6,801 , respectively, consisting of accrued cash dividends of $ 5,388 and $ 4,341 , respectively, and accretion related to increasing dividend rates of $ 1,622 and $ 2,460 , respectively.

Equity

Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Equity	Note 19 -- Equity Stockholders’ Equity Common Stock The Company’s 2022 stock repurchase plan was completed and no new stock repurchase plan has been approved by the Board of Directors. 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 3, 2023 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends were paid on September 15, 2023 to stockholders of record on August 18, 2023 . Warrants At September 30, 2023 , 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 in May 2022, the Company used $ 66,853 of the net proceeds to repurchase and retire an aggregate of 1,037,600 shares of its common stock from institutional investors at a price of $ 64.43 per share. Noncontrolling Interests At September 30, 2023, there w ere 80,471,174 s hares of TTIG’s common stock outstanding, of which 5,471,174 shares were not owned by HCI. During the three and nine months ended September 30, 2023, TTIG repurchased and retired a total of 2,343 and 65,151 shar es, 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, 2023 wa s $ 3 and $ 240 , r espectively. 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. The total cost of purchasing noncontrolling interests during the three and nine months ended September 30, 2022 w as $ 17 and $ 406 , respectively. Furthermore, TTIG repurchased and retired a total of 43,511 shares of its common stock from former TTIG employees for a total cost of $ 85 during the three months ended September 30, 2023 . The total cost included the fair value of TTIG common stock and the $ 26 inducement cost aiming to curtail the spread of share ownership.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 20 -- 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, 2023 , there were 959,565 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, 2023 and 2022 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, 2023 440,000 $ 45.25 5.6 years $ — Outstanding at March 31, 2023 440,000 $ 45.25 5.3 years $ 3,146 Outstanding at June 30, 2023 440,000 $ 45.25 5.1 years $ 7,863 Grant 150,000 $ 70.00 Outstanding at September 30, 2023 590,000 $ 51.54 6.1 years $ 3,978 Exercisable at September 30, 2023 412,500 $ 45.07 4.7 years $ 3,805 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 On September 15, 2023, the Company awarded its chief executive officer, Paresh Patel, an option with market-based vesting conditions to purchase 150,000 shares of its common stock. There wer e no o ptions exercised during the three and nine months ended September 30, 2023 and 2022. For the three months ended September 30, 2023 and 2022, the Company recognized $ 133 and $ 162 , respectively, of compensation expense related to stock options which is included in general and administrative personnel expenses. For the nine months ended September 30, 2023 and 2022 , the Company recognized $ 299 and $ 507 , respectively, of compensation expense. Deferred tax benefits related to stock options were $ 0 fo r the three and nine months ended September 30, 2023 and 2022. At September 30, 2023 and December 31, 2022 , there was $ 1,911 and $ 336 , 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 1.4 years. The following table provides assumptions used in the pricing model to estimate the fair value of the stock options granted during the three and nine months ended September 30, 2023: 2023 Expected dividend yield (%) 3.05 Expected volatility (%) 44.63 - 46.55 Risk-free interest rate (%) 4.49 - 5.49 Expected life (in years) 5 Restricted Stock Awards From time to time, the Company has granted and may grant restricted stock awards to certain executive officers, other employees, and non-employee 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, 2023 and 2022 is as follows: Number of Weighted Restricted Average Stock Grant Date Awards Fair Value Nonvested at January 1, 2023 342,459 $ 39.86 Granted 6,000 $ 51.76 Vested ( 40,352 ) $ 54.83 Forfeited ( 2,125 ) $ 40.33 Nonvested at March 31, 2023 305,982 $ 38.11 Granted 7,000 $ 58.52 Vested ( 34,689 ) $ 45.56 Forfeited ( 295 ) $ 55.41 Nonvested at June 30, 2023 277,998 $ 37.68 Forfeited ( 3,940 ) $ 66.73 Nonvested at September 30, 2023 274,058 $ 37.26 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 The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $ 977 and $ 3,099 for the three months ended September 30, 2023 and 2022 , respectively, and $ 3,297 and $ 9,551 for the nine months ended September 30, 2023 and 2022, respectively. At September 30, 2023 and December 31, 2022 , there was approximately $ 5,106 and $ 8,048 , 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 o f 1.7 yea rs. 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, 2023 and 2022. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Deferred tax benefits recognized $ 214 $ 230 $ 731 $ 1,521 Tax benefits realized for restricted stock and $ 28 $ 56 $ 848 $ 1,360 Fair value of vested restricted stock $ — $ — $ 3,793 $ 4,871 Subsidiary Equity Plan For the three months ended September 30, 2023 and 2022 , TypTap Group recognized compensation expense related to its stock-based awards of $ 730 and $ 869 , respectively. For the nine months ended September 30, 2023 and 2022 , TypTap Group recognized compensation expense related to its stock-based awards of $ 2,217 and $ 2,651 , respectively. At September 30, 2023 and December 31, 2022 , there was $ 5,206 and $ 7,876 , respectively, of unrecognized compensation expense related to nonvested subsidiary restricted stock and stock options.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 21 -- Commitments and Contingencies Obligations under One Multi-Year Reinsurance Contract As of September 30, 2023 , the Company has a contractual obligation related to one multi-year reinsurance contract entered into effective June 1, 2022. The contract may be cancelled only with the other party’s consent or when its experience account is positive at the end of each contract year. The future minimum aggregate premium amount payable to the reinsurer is $ 91,350 due in the 12 months following September 30, 2023. Capital Commitments As described in Note 5 -- “Investments” under Limited Partnership Investments , the Company is contractually committed to capital contributions for limited partnership interests. At September 30, 2023 , there was an aggregate unfunded balance of $ 4,931 . FIGA Assessments During 2022, the FLOIR approved assessments for the Florida Insurance Guaranty Association (“FIGA”) in order to secure funds for the payment of covered claims relating to the liquidation of three insurance companies. The FIGA assessments are levied on collected premiums of all covered lines of business except auto insurance. The surcharges, which are collectible from a policyholder, are assessed on new and renewal policies with specified effective dates. In April 2023, the FLOIR approved an assessment for FIGA in order to secure funds for the payment of covered claims relating to the liquidation of one insurance company. The FIGA assessment will be levied at 1 % 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 October 1, 2023 through September 30, 2024 and continuing until the end of the assessment year in which the Series 2023A Bonds issued by the Florida Insurance Assistance Interlocal Agency have been paid in full. 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, 2023 , the FIGA assessments payable by the Company were $ 1,226 .

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 22 -- Related Party Transaction HCPCI and TypTap have reinstatement premium protection reinsurance contracts (“RPP”) with various reinsurers. For one of the RPP contracts, Oxbridge Reinsurance Limited (“Oxbridge”) participates as a subscribing reinsurer. One of the Company’s non-employee directors, Jay Madhu, serves as Oxbridge’s chairman of its board of directors and chief executive officer and is an investor in that company. Under the contracts, Oxbridge agrees to indemnify HCPCI and TypTap for a portion of reinstatement premium which HCPCI or TypTap pays or becomes liable to pay to reinstate reinsurance protection. The $ 1,099 premium, a competitive market rate, will be paid over four installments, each of which is to be deposited into a trust account in order to fully collateralize Oxbridge’s obligations. Trust assets may be withdrawn by HCPCI and TypTap or the trust beneficiaries in the event amounts are due under the 2023-2024 RPP contracts.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 23 -- Subsequent Events On October 2, 2023, a $ 53,000 receivable from maturities of fixed-maturity securities was collected by the Company. On October 13 , 2023 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends are payable on Decemb er 15, 2023 to stockholders of record on November 17, 2023 . In connection with the Southeast Region quota share reinsurance provided to United by the Company, the receiver of United had requested a total withdrawal of $ 13,482 from a trust account holding funds withheld for assumed business. The withdrawal was in settlement of unearned premiums of $ 7,496 , losses and LAE of $ 2,310 , claims handling fees of $ 4,875 , less ceding commission of $ 1,199 . Of the total withdrawal, the Company received $ 4,875 in payment for reimbursement and fees receivable under TPA service on October 26, 2023. On November 3, 2023, the Company executed a Second Amended and Restated Credit Agreement with Fifth Third Bank, National Association. The amendment extends the term of the line of credit until November 3, 2028 and increases the borrowing capacity to $ 75,000 , $ 50,000 of which may be used to refinance the Company’s redeemable noncontrolling interest on or prior to March 31, 2025. The maximum debt-to-capital ratio is set at 67.5 %.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of 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, 2023 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, 2023. 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, 2022 included in the Company’s Form 10-K, which was filed with the SEC on March 10, 2023. 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, allowance for credit losses, and stock-based compensation expense involve significant judgments and estimates material to the Company’s consolidated financial statements. In the case of assumed business, the Company relies entirely on the ceding insurance company to provide information about premiums, losses, and loss adjustment expenses. When the information is not available at the reporting date, the Company will make estimates based on all recent available data. Accordingly, the actual results could differ significantly from those estimates. All significant intercompany balances and transactions have been eliminated.
Revenue from Claims Processing Services	Revenue from Claims Processing Services Revenue related to claims processing services is included in other revenue in the consolidated statements of income. For the three and nine months ended September 30, 2023 , revenues from claims processing services were $ 4 and $ 708 , r espectively. For the three and nine months ended September 30, 2022 , revenues from claims processing services were $ 903 and $ 2,282 , respectively.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 2022 Cash and cash equivalents $ 324,019 $ 234,863 Restricted cash 2,987 2,900 Total $ 327,006 $ 237,763

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and December 31, 2022, 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, 2023 U.S. Treasury and U.S. government agencies $ 398,492 $ — $ 2 $ ( 6,923 ) $ 391,571 Corporate bonds 27,672 — 1 ( 1,425 ) 26,248 States, municipalities, and political subdivisions 405 — — — 405 Exchange-traded debt 494 — — ( 42 ) 452 Total $ 427,063 $ — $ 3 $ ( 8,390 ) $ 418,676 As of December 31, 2022 U.S. Treasury and U.S. government agencies $ 463,648 $ — $ 59 $ ( 9,105 ) $ 454,602 Corporate bonds 28,378 — 20 ( 1,205 ) 27,193 States, municipalities, and political subdivisions 1,389 — — ( 6 ) 1,383 Exchange-traded debt 683 — 2 ( 52 ) 633 Redeemable preferred stock 99 — — ( 9 ) 90 Total $ 494,197 $ — $ 81 $ ( 10,377 ) $ 483,901
Scheduled Contractual Maturities of Fixed-Maturity Securities	The scheduled contractual maturities of fixed-maturity securities as of September 30, 2023 and December 31, 2022 are as follows: September 30, 2023 December 31, 2022 Cost or Estimated Cost or Estimated Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale Due in one year or less $ 251,810 $ 250,533 $ 266,170 $ 265,353 Due after one year through five years 171,795 165,188 223,153 214,307 Due after five years through ten years 2,964 2,504 4,380 3,797 Due after ten years 494 451 494 444 $ 427,063 $ 418,676 $ 494,197 $ 483,901
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, 2023 and 2022 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2023 $ 5,326 $ — $ ( 157 ) Three months ended September 30, 2022 $ 200 $ — $ ( 5 ) Nine months ended September 30, 2023 $ 17,409 $ — $ ( 907 ) Nine months ended September 30, 2022 $ 11,694 $ 13 $ ( 439 )
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category	Securities with gross unrealized loss positions at September 30, 2023 and December 31, 2022, 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, 2023 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 387 ) $ 188,662 $ ( 6,536 ) $ 200,913 $ ( 6,923 ) $ 389,575 Corporate bonds ( 120 ) 5,835 ( 1,305 ) 20,278 ( 1,425 ) 26,113 Exchange-traded debt ( 42 ) 452 — — ( 42 ) 452 Total available-for-sale securities $ ( 549 ) $ 194,949 $ ( 7,841 ) $ 221,191 $ ( 8,390 ) $ 416,140 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, 2022 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 8,701 ) $ 269,116 $ ( 404 ) $ 4,644 $ ( 9,105 ) $ 273,760 Corporate bonds ( 909 ) 23,028 ( 296 ) 2,541 ( 1,205 ) 25,569 States, municipalities, and political ( 6 ) 1,383 — — ( 6 ) 1,383 Exchange-traded debt ( 52 ) 463 — — ( 52 ) 463 Redeemable preferred stock ( 9 ) 90 — — ( 9 ) 90 Total available-for-sale securities $ ( 9,677 ) $ 294,080 $ ( 700 ) $ 7,185 $ ( 10,377 ) $ 301,265
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Equity Securities	At September 30, 2023 and December 31, 2022, 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, 2023 $ 41,244 $ 2,538 $ ( 3,842 ) $ 39,940 December 31, 2022 $ 36,272 $ 2,078 $ ( 3,767 ) $ 34,583
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, 2023 2022 2023 2022 Net losses recognized $ ( 1,091 ) $ ( 1,279 ) $ ( 247 ) $ ( 9,144 ) Exclude: Net realized losses ( 50 ) ( 932 ) ( 632 ) ( 987 ) Net unrealized (losses) gains recognized $ ( 1,041 ) $ ( 347 ) $ 385 $ ( 8,157 )
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, 2023 and 2022 were as follows: Gross Gross Proceeds Gains Losses Three months ended September 30, 2023 $ 4,108 $ 215 $ ( 265 ) Three months ended September 30, 2022 $ 4,889 $ 135 $ ( 1,067 ) Nine months ended September 30, 2023 $ 10,385 $ 317 $ ( 949 ) Nine months ended September 30, 2022 $ 29,316 $ 1,988 $ ( 2,975 )
Schedule of Company's Investments in Limited Partnerships	The following table provides information related to the Company’s investments in limited partnerships: September 30, 2023 December 31, 2022 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 3,385 $ — 15.37 $ 4,146 $ — 15.37 Value creation through active distressed debt 2,312 — 1.25 2,528 — 1.66 High returns and long-term capital appreciation 3,541 — 0.18 5,319 — 0.18 Value-oriented investments in less liquid and 3,269 — 0.55 3,470 — 0.56 Value-oriented investments in mature real 7,678 2,543 1.32 7,457 3,125 1.32 Risk-adjusted returns on credit and equity 2,989 2,388 0.55 2,782 2,536 0.98 Total $ 23,174 $ 4,931 $ 25,702 $ 5,661 (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 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) Effective July 1, 2023, this investment is in the process of winding down. 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 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, 2023 2022 2023 2022 Operating results: Total income $ 4,028 $ 208,468 $ 42,195 $ 724,413 Total expenses ( 24,066 ) ( 45,537 ) ( 51,163 ) ( 117,877 ) Net (loss) income $ ( 20,038 ) $ 162,931 $ ( 8,968 ) $ 606,536 September 30, December 31, 2023 2022 Balance sheet: Total assets $ 4,360,676 $ 5,119,695 Total liabilities $ 255,622 $ 430,354
Summary of Real Estate Investments	Real estate investments consist of the following as of September 30, 2023 and December 31, 2022: September 30, December 31, 2023 2022 Land $ 31,052 $ 38,327 Land improvements 4,388 12,138 Buildings and building improvements 12,544 29,410 Tenant and leasehold improvements 1,846 1,742 Other 1,603 1,649 Total, at cost 51,433 83,266 Less: accumulated depreciation and amortization ( 6,164 ) ( 11,878 ) Real estate investments $ 45,269 $ 71,388
Investment Income (Loss) Summarized	Net investment income (loss), by source, is summarized as follows: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Available-for-sale fixed-maturity $ 4,076 $ 2,125 $ 13,231 $ 3,710 Equity securities 397 288 1,071 875 Investment expense ( 126 ) ( 117 ) ( 380 ) ( 367 ) Limited partnership investments 106 1,265 648 3,064 Real estate investments 248 13,897 9,811 15,782 Net income from unconsolidated joint — — — 495 Cash and cash equivalents 4,683 1,072 11,512 1,523 Net investment income $ 9,384 $ 18,530 $ 35,893 $ 25,082

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 September 30, 2022 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains (losses) $ 850 $ 215 $ 635 $ ( 5,969 ) $ 1,336 $ ( 7,305 ) Reclassification adjustment for net 157 40 117 5 1 4 Total other comprehensive income $ 1,007 $ 255 $ 752 $ ( 5,964 ) $ 1,337 $ ( 7,301 ) Nine Months Ended Nine Months Ended September 30, 2023 September 30, 2022 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains (losses) $ 1,002 $ ( 2,356 ) $ 3,358 $ ( 12,294 ) $ ( 262 ) $ ( 12,032 ) Reclassification adjustment for net 907 230 677 426 108 318 Total other comprehensive income $ 1,909 $ ( 2,126 ) $ 4,035 $ ( 11,868 ) $ ( 154 ) $ ( 11,714 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
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 * Discounted cash flow method/Level 3 inputs 3.75 % Callable Promissory Note * Discounted cash flow method/Level 3 inputs 4.55 % Promissory Note 2036 Discounted cash flow method/Level 3 inputs 5.50 % Promissory Note 2033 Discounted cash flow method/Level 3 inputs * Debt derecognized in March 2023. See Note 11 -- “Long-Term Debt” for additional information.
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, 2023 and December 31, 2022: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of September 30, 2023 Financial Assets: Cash and cash equivalents $ 324,019 $ — $ — $ 324,019 Restricted cash $ 2,987 $ — $ — $ 2,987 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 383,780 $ 7,791 $ — $ 391,571 Corporate bonds 26,248 — — 26,248 State, municipalities, and political subdivisions — 405 — 405 Exchange-traded debt 452 — — 452 Total available-for-sale securities $ 410,480 $ 8,196 $ — $ 418,676 Equity securities $ 39,940 $ — $ — $ 39,940 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2022 Financial Assets: Cash and cash equivalents $ 234,863 $ — $ — $ 234,863 Restricted cash $ 2,900 $ — $ — $ 2,900 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 446,233 $ 8,369 $ — $ 454,602 Corporate bonds 27,193 — — 27,193 State, municipalities, and political subdivisions — 1,383 — 1,383 Exchange-traded debt 633 — — 633 Redeemable preferred stock 90 — — 90 Total available-for-sale securities $ 474,149 $ 9,752 $ — $ 483,901 Equity securities $ 34,583 $ — $ — $ 34,583
Schedule of Fair Value Information for Financial Liabilities Carried on Balance Sheet	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, 2023 and December 31, 2022: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of September 30, 2023 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 167,948 $ — $ 162,630 $ — $ 162,630 4.25 % Convertible Senior Notes 23,916 — 24,405 — 24,405 5.50 % Promissory Note 11,759 — — 10,955 10,955 4.55 % Promissory Note 4,706 — — 4,220 4,220 Total long-term debt $ 208,329 $ — $ 187,035 $ 15,175 $ 202,210 Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of December 31, 2022 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 167,126 $ — $ 133,167 $ — $ 133,167 4.25 % Convertible Senior Notes 23,916 — 19,473 — 19,473 3.90 % Promissory Note 8,943 — — 8,152 8,152 3.75 % Callable Promissory Note 6,789 — — 6,171 6,171 4.55 % Promissory Note 4,900 — — 4,642 4,642 Total long-term debt $ 211,674 $ — $ 152,640 $ 18,965 $ 171,605

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Net	The Company’s intangible assets, net consist of the following: September 30, December 31, 2023 2022 Anchor tenant relationships (a) $ — $ 1,761 In-place leases 2,221 3,579 Policy renewal rights 10,100 10,100 Non-compete agreements (b) 314 314 Total, at cost 12,635 15,754 Less: accumulated amortization ( 4,363 ) ( 5,176 ) Intangible assets, net $ 8,272 $ 10,578 (a) An anchor tenant is a tenant that attracts more customers than other tenants. (b) Fully amortized.
Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets	The remaining weighted-average amortization periods for the intangible assets as of September 30, 2023 are summarized in the table below: In-place leases 11.6 years Policy renewal rights 2.6 years

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 2022 Benefits receivable related to retrospective reinsurance contracts $ 37,296 $ 16,317 Reimbursement and fees receivable under TPA service 5,335 7,303 Prepaid expenses 3,376 2,826 Deposits 448 491 Lease acquisition costs, net 671 832 Other 1,572 3,902 Total other assets $ 48,698 $ 31,671

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-term Debt	The following table summarizes the Company’s long-term debt: September 30, December 31, 2023 2022 4.75 % Convertible Senior Notes, due June 1, 2042 $ 172,500 $ 172,500 4.25 % Convertible Senior Notes, due March 1, 2037 23,916 23,916 3.90 % Promissory Note, due through April 1, 2032 — 9,072 3.75 % Callable Promissory Note, due through September 1, 2036 — 6,871 4.55 % Promissory Note, due through August 1, 2036 4,768 4,968 5.50 % Promissory Note, due through July 1, 2033 11,963 — Finance lease liabilities, due through October 15, 2024 2 13 Total principal amount 213,149 217,340 Less: unamortized issuance costs ( 4,818 ) ( 5,653 ) Total long-term debt $ 208,331 $ 211,687
Summary of Future Maturities of Long-Term Debt	The following table summarizes future maturities of long-term debt as of September 30, 2023 , 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, 2023 $ 512 2024 536 2025 563 2026 197,008 2027 622 Thereafter 13,908 Total $ 213,149
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, 2023 2022 2023 2022 Interest Expense: Contractual interest $ 2,522 $ 2,516 $ 7,386 $ 4,322 Non-cash expense (a) 284 272 840 431 Total $ 2,806 $ 2,788 $ 8,226 $ 4,753 (a) Includes amortization of debt issuance costs.

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 2022 2023 2022 Premiums Written: Direct $ 198,265 $ 182,039 $ 585,671 $ 541,812 Assumed — 9,142 ( 7,569 ) 12,815 Gross written 198,265 191,181 578,102 554,627 Ceded ( 66,152 ) ( 74,741 ) ( 203,051 ) ( 184,108 ) Net premiums written $ 132,113 $ 116,440 $ 375,051 $ 370,519 Premiums Earned: Direct $ 188,308 $ 166,116 $ 543,159 $ 479,849 Assumed — 15,597 7,163 61,913 Gross earned 188,308 181,713 550,322 541,762 Ceded ( 66,152 ) ( 74,741 ) ( 203,051 ) ( 184,108 ) Net premiums earned $ 122,156 $ 106,972 $ 347,271 $ 357,654

Losses and Loss Adjustment Ex_2

Losses and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 2022 2023 2022 Net balance, beginning of period* $ 243,586 $ 196,414 $ 246,546 $ 172,410 Incurred, net of reinsurance, related to: Current period 58,621 126,486 176,287 275,010 Prior periods 8,105 13,308 12,894 24,318 Total incurred, net of reinsurance 66,726 139,794 189,181 299,328 Paid, net of reinsurance, related to: Current period ( 36,299 ) ( 45,732 ) ( 74,514 ) ( 102,155 ) Prior periods ( 27,782 ) ( 27,489 ) ( 114,982 ) ( 106,596 ) Total paid, net of reinsurance ( 64,081 ) ( 73,221 ) ( 189,496 ) ( 208,751 ) Net balance, end of period 246,231 262,987 246,231 262,987 Add: reinsurance recoverable before allowance for 462,858 938,855 462,858 938,855 Gross balance, end of period $ 709,089 $ 1,201,842 $ 709,089 $ 1,201,842 * Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 107,890 $ 86,233 $ — $ — $ ( 5,815 ) $ 188,308 Premiums ceded ( 43,751 ) ( 28,216 ) — — 5,815 ( 66,152 ) Net premiums earned 64,139 58,017 — — — 122,156 Net income from investment portfolio 3,373 3,210 — 1,735 ( 182 ) 8,136 Policy fee income 533 559 — — — 1,092 Other 3,949 1,184 2,355 526 ( 7,754 ) 260 Total revenue 71,994 62,970 2,355 2,261 ( 7,936 ) 131,644 Expenses: Losses and loss adjustment expenses 29,819 37,324 — — ( 417 ) 66,726 Amortization of deferred policy acquisition costs 10,313 11,373 — — — 21,686 Other policy acquisition expenses 581 527 — — ( 26 ) 1,082 Stock-based compensation expense 419 730 — 691 — 1,840 Interest expense — 431 226 2,601 ( 431 ) 2,827 Depreciation and amortization 141 1,036 329 160 ( 238 ) 1,428 Personnel and other operating expenses 10,137 9,317 1,486 1,851 ( 6,824 ) 15,967 Total expenses 51,410 60,738 2,041 5,303 ( 7,936 ) 111,556 Income (loss) before income taxes $ 20,584 $ 2,232 $ 314 $ ( 3,042 ) $ — $ 20,088 Total revenue from non-affiliates (d) $ 62,418 $ 63,957 $ 1,519 $ 1,692 Gross premiums written $ 127,334 $ 70,931 (a) Other revenue under real estate primarily consisted of rental income from investment properties. (b) Other revenue under corporate and other primarily consisted o f revenue from marina business. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 102,075 from HCPCI and $ 5,815 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, 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 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Policy fee income 613 458 — — — 1,071 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 Nine Months Ended September 30, 2023 Operations Group Estate (a) Other (b) Elimination Consolidated Revenue: Gross premiums earned (c) $ 306,671 $ 258,916 $ — $ — $ ( 15,265 ) $ 550,322 Premiums ceded ( 124,399 ) ( 93,887 ) — — 15,235 ( 203,051 ) Net premiums earned 182,272 165,029 — — ( 30 ) 347,271 Net income from investment portfolio 10,720 10,191 — 5,262 8,519 34,692 Gain from sales of real estate investments — — 8,936 — ( 8,936 ) — Policy fee income 1,647 2,004 — — — 3,651 Other 12,319 4,017 7,410 1,798 ( 23,158 ) 2,386 Total revenue 206,958 181,241 16,346 7,060 ( 23,605 ) 388,000 Expenses: Losses and loss adjustment expenses 86,254 105,317 — — ( 2,390 ) 189,181 Amortization of deferred policy acquisition costs 29,934 34,658 — — — 64,592 Other policy acquisition expenses 1,853 1,735 — — ( 74 ) 3,514 Stock-based compensation expense 1,413 2,217 — 2,183 — 5,813 Interest expense — 1,292 496 7,799 ( 1,292 ) 8,295 Depreciation and amortization 421 3,022 1,282 566 ( 1,011 ) 4,280 Loss on extinguishment of debt — — 177 — ( 177 ) — Personnel and other operating expenses 28,972 28,688 4,541 5,295 ( 18,661 ) 48,835 Total expenses 148,847 176,929 6,496 15,843 ( 23,605 ) 324,510 Income (loss) before income taxes $ 58,111 $ 4,312 $ 9,850 $ ( 8,783 ) $ — $ 63,490 Total revenue from non-affiliates (d) $ 181,587 $ 192,654 $ 13,895 $ 5,353 Gross premiums written $ 353,032 $ 225,070 (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 $ 291,406 from HCPCI and $ 15,265 from a r einsurance 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, 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 Gain on involuntary conversion — — 13,402 — ( 13,402 ) — Policy fee income 1,895 1,285 — — — 3,180 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 Income (loss) 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.
Summary of Segment Assets Reconciled to Consolidated Balance Sheets	The following table presents segment assets reconciled to the Company’s total assets on the consolidated balance sheets: September 30, December 31, 2023 2022 Segments: HCPCI Insurance Operations $ 935,294 $ 912,233 TypTap Group 632,103 704,429 Real Estate Operations 109,246 126,001 Corporate and Other 191,084 159,378 Consolidation and Elimination ( 144,095 ) ( 98,713 ) Total assets $ 1,723,632 $ 1,803,328

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 2022 Operating leases: ROU assets $ 1,460 $ 777 Liabilities $ 1,457 $ 721 Finance leases: ROU assets $ 6 $ 80 Liabilities $ 2 $ 13
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 36 to 63 months Yes (a) Office space 5 to 9 years Yes (a), (b) Finance lease: Office equipment 3 to 5 years Not applicable (c) (a) There are no variable lease payments. (b) Rent escalation provisions exist. (c) There is a bargain purchase option.
Disclosure of lease liabilities maturities	As of September 30, 2023, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following September 30, 2023 $ 283 $ 2 2024 292 — 2025 302 — 2026 311 — 2027 246 — Thereafter 278 — Total lease payments 1,712 2 Less: interest 255 — Total lease obligations $ 1,457 $ 2
Disclosure of quantitative information of operating and finance leases	The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Lease costs: Finance lease costs: Amortization – ROU assets* $ 6 $ 4 $ 14 $ 14 Operating lease costs* 74 281 203 937 Short-term lease costs* 94 105 261 306 Total lease costs $ 174 $ 390 $ 478 $ 1,257 Cash paid for amounts included in the Operating cash flows – operating leases $ 144 $ 924 Financing cash flows – finance leases $ 11 $ 14 September 30, 2023 Weighted-average remaining lease term: Finance leases (in years) 1.0 Operating leases (in years) 5.9 Weighted-average discount rate: Finance leases (%) 2.4 % Operating leases (%) 6.1 % * Included in other operating expenses on the consolidated statements of income.
Disclosure of operating leases of lessor entity	The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms Class of Assets Initial Term Option and Conditions Operating lease: Retail space 3 to 15 years Yes (d) Boat docks/wet slips 1 to 12 months Yes (d) (d) There are no purchase options.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 September 30, 2022 Income Shares (a) Per Share Loss Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income (loss) $ 15,669 $ ( 51,503 ) Less: Net income attributable to redeemable ( 2,349 ) ( 2,285 ) Less: TypTap Group’s net (income) loss ( 163 ) 2,829 Net income (loss) attributable to HCI 13,157 ( 50,959 ) Less: (Income) loss attributable to ( 411 ) 3,289 Basic Earnings (Loss) Per Share: Income (loss) allocated to common 12,746 8,317 $ 1.53 ( 47,670 ) 8,427 $ ( 5.66 ) Effect of Dilutive Securities: * Stock options — 88 — — Convertible senior notes 1,927 2,538 — — Warrants — 32 — — Diluted Earnings (Loss) Per Share: Income (loss) available to common $ 14,673 10,975 $ 1.34 $ ( 47,670 ) 8,427 $ ( 5.66 ) (a) Shares in thousands . * For the three months ended September 30, 2022, convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect. Nine Months Ended Nine Months Ended September 30, 2023 September 30, 2022 Income Shares (a) Per Share Loss Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income (loss) $ 48,344 $ ( 57,254 ) Less: Net income attributable to redeemable ( 7,010 ) ( 6,801 ) Less: TypTap Group’s net (income) loss ( 396 ) 4,018 Net income (loss) attributable to HCI 40,938 ( 60,037 ) Less: (Income) loss attributable to ( 1,395 ) 3,855 Basic Earnings (Loss) Per Share: Income (loss) allocated to common 39,543 8,299 $ 4.76 ( 56,182 ) 8,972 $ ( 6.26 ) Effect of Dilutive Securities: * Stock options — 68 — — Convertible senior notes 5,771 2,538 — — Diluted Earnings (Loss) Per Share: Income (loss) available to common $ 45,314 10,905 $ 4.16 $ ( 56,182 ) 8,972 $ ( 6.26 ) (a) Shares in thousands . * For the nine months ended September 30, 2023, warrants were excluded due to anti-dilutive effect. For the nine months ended September 30, 2022 , convertible senior notes, stock options, and warrants were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022: 2023 2022 Balance at January 1 $ 93,553 $ 89,955 Increase (decrease): Accrued cash dividends 1,637 1,342 Accretion - increasing dividend rates 687 906 Dividends paid ( 3,012 ) ( 2,508 ) Balance at March 31 $ 92,865 $ 89,695 Increase (decrease): Accrued cash dividends 1,875 1,500 Accretion - increasing dividend rates 462 768 Balance at June 30 $ 95,202 $ 91,963 Increase (decrease): Accrued cash dividends 1,876 1,499 Accretion - increasing dividend rates 473 786 Dividends paid ( 3,750 ) ( 3,000 ) Balance at September 30 $ 93,801 $ 91,248 On July 3, 2023, 1,000,000 voting shares of TTIG's Series A-1 Preferred Stock were exchanged for 1,000,000 non-voting shares of TTIG's Series A-2 Preferred Stock. The exchange did not change the number of shares of TTIG capital stock issued and outstanding.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 and 2022 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, 2023 440,000 $ 45.25 5.6 years $ — Outstanding at March 31, 2023 440,000 $ 45.25 5.3 years $ 3,146 Outstanding at June 30, 2023 440,000 $ 45.25 5.1 years $ 7,863 Grant 150,000 $ 70.00 Outstanding at September 30, 2023 590,000 $ 51.54 6.1 years $ 3,978 Exercisable at September 30, 2023 412,500 $ 45.07 4.7 years $ 3,805 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
Assumptions Used to Estimate the Fair Value of Stock Options Granted	The following table provides assumptions used in the pricing model to estimate the fair value of the stock options granted during the three and nine months ended September 30, 2023: 2023 Expected dividend yield (%) 3.05 Expected volatility (%) 44.63 - 46.55 Risk-free interest rate (%) 4.49 - 5.49 Expected life (in years) 5
Information with Respect to Unvested Restricted Stock Awards and Incentive Plan	Information with respect to the activity of unvested restricted stock awards during the three and nine months ended September 30, 2023 and 2022 is as follows: Number of Weighted Restricted Average Stock Grant Date Awards Fair Value Nonvested at January 1, 2023 342,459 $ 39.86 Granted 6,000 $ 51.76 Vested ( 40,352 ) $ 54.83 Forfeited ( 2,125 ) $ 40.33 Nonvested at March 31, 2023 305,982 $ 38.11 Granted 7,000 $ 58.52 Vested ( 34,689 ) $ 45.56 Forfeited ( 295 ) $ 55.41 Nonvested at June 30, 2023 277,998 $ 37.68 Forfeited ( 3,940 ) $ 66.73 Nonvested at September 30, 2023 274,058 $ 37.26 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
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, 2023 and 2022. Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Deferred tax benefits recognized $ 214 $ 230 $ 731 $ 1,521 Tax benefits realized for restricted stock and $ 28 $ 56 $ 848 $ 1,360 Fair value of vested restricted stock $ — $ — $ 3,793 $ 4,871

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($)
Nature Of Operations [Line Items]
Net increase in premiums ceded	$ 12,600

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Summary Of Significant Accounting Policies [Line Items]
Other	$ 260	$ 1,312	$ 2,386	$ 3,065
Claims processing services
Summary Of Significant Accounting Policies [Line Items]
Other	$ 4	$ 903	$ 708	$ 2,282

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, 2023	Dec. 31, 2022
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 324,019	$ 234,863
Restricted cash	2,987	2,900
Total	$ 327,006	$ 237,763

Cash, Cash Equivalents, and R_4

Cash, Cash Equivalents, and Restricted Cash (Additional Information) (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Restricted cash	$ 2,987	$ 2,900
Pineda Landings Melbourne [Member]
Restricted cash	$ 87

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, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	$ 427,063	$ 494,197
Allowance for Credit Loss	0	0
Fixed-maturity securities, Gross Unrealized Gain	3	81
Fixed-maturity securities, Gross Unrealized Loss	(8,390)	(10,377)
Fixed-maturity securities, Estimated Fair Value	418,676	483,901
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	398,492	463,648
Fixed-maturity securities, Gross Unrealized Gain	2	59
Fixed-maturity securities, Gross Unrealized Loss	(6,923)	(9,105)
Fixed-maturity securities, Estimated Fair Value	391,571	454,602
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	27,672	28,378
Fixed-maturity securities, Gross Unrealized Gain	1	20
Fixed-maturity securities, Gross Unrealized Loss	(1,425)	(1,205)
Fixed-maturity securities, Estimated Fair Value	26,248	27,193
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	405	1,389
Fixed-maturity securities, Gross Unrealized Loss	0	(6)
Fixed-maturity securities, Estimated Fair Value	405	1,383
Fixed-Maturity Securities [Member] | Exchange-Traded Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	494	683
Fixed-maturity securities, Gross Unrealized Gain		2
Fixed-maturity securities, Gross Unrealized Loss	(42)	(52)
Fixed-maturity securities, Estimated Fair Value	$ 452	633
Fixed-Maturity Securities [Member] | Redeemable Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost		99
Fixed-maturity securities, Gross Unrealized Loss		(9)
Fixed-maturity securities, Estimated Fair Value		$ 90

Investments - Scheduled Contrac

Investments - Scheduled Contractual Maturities of Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Cost or Amortized Cost	$ 251,810	$ 266,170
Due after one year through five years, Cost or Amortized Cost	171,795	223,153
Due after five years through ten years, Cost or Amortized Cost	2,964	4,380
Due after ten years, Cost or Amortized Cost	494	494
Fixed-maturity securities, Cost or Amortized Cost	427,063	494,197
Due in one year or less, Estimated Fair Value	250,533	265,353
Due after one year through five years, Estimated Fair Value	165,188	214,307
Due after five years through ten years, Estimated Fair Value	2,504	3,797
Due after ten years, Estimated Fair Value	451	444
Estimated Fair Value Total	$ 418,676	$ 483,901

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Schedule of Available-for-sale Securities [Line Items]
Proceeds			$ 17,409	$ 11,694
Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 5,326	$ 200	17,409	11,694
Gross Realized Gains	0	0	0	13
Gross Realized Losses	$ (157)	$ (5)	$ (907)	$ (439)

Investments - Summary of Securi

Investments - Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	$ (549)	$ (9,677)
Estimated Fair Value, Less than Twelve Months	194,949	294,080
Gross Unrealized Loss, Twelve Months or Longer	(7,841)	(700)
Estimated Fair Value, Twelve Months or Longer	221,191	7,185
Gross Unrealized Loss, Total	(8,390)	(10,377)
Estimated Fair Value, Total	416,140	301,265
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	(387)	(8,701)
Estimated Fair Value, Less than Twelve Months	188,662	269,116
Gross Unrealized Loss, Twelve Months or Longer	(6,536)	(404)
Estimated Fair Value, Twelve Months or Longer	200,913	4,644
Gross Unrealized Loss, Total	(6,923)	(9,105)
Estimated Fair Value, Total	389,575	273,760
Corporate Bonds [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(120)	(909)
Estimated Fair Value, Less than Twelve Months	5,835	23,028
Gross Unrealized Loss, Twelve Months or Longer	(1,305)	(296)
Estimated Fair Value, Twelve Months or Longer	20,278	2,541
Gross Unrealized Loss, Total	(1,425)	(1,205)
Estimated Fair Value, Total	26,113	25,569
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		(6)
Estimated Fair Value, Less than Twelve Months		1,383
Gross Unrealized Loss, Twelve Months or Longer		0
Estimated Fair Value, Twelve Months or Longer		0
Gross Unrealized Loss, Total		(6)
Estimated Fair Value, Total		1,383
Exchange-Traded Debt [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(42)	(52)
Estimated Fair Value, Less than Twelve Months	452	463
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(42)	(52)
Estimated Fair Value, Total	$ 452	463
Redeemable Preferred Stock [Member] | Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months		(9)
Estimated Fair Value, Less than Twelve Months		90
Gross Unrealized Loss, Twelve Months or Longer		0
Estimated Fair Value, Twelve Months or Longer		0
Gross Unrealized Loss, Total		(9)
Estimated Fair Value, Total		$ 90

Investments (Securities with Gr

Investments (Securities with Gross Unrealized Loss Positions) - Additional Information (Detail) $ in Thousands	Sep. 30, 2023 USD ($) Security	Dec. 31, 2022 USD ($) Security
Investments, Debt and Equity Securities [Abstract]
Number of securities in an unrealized loss position | Security	100	84
Fair valu of assets held by insurance regulators | $	$ 1,760	$ 1,100

Investments (Allowance for Cred

Investments (Allowance for Credit Losses of Available-for-Sale Fixed-Maturity Securities) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Allowance for credit losses of available-for-sale debt securities	$ 0	$ 0	$ 0	$ 0

Investments - Summary of Cost,

Investments - Summary of 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, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Cost	$ 41,244	$ 36,272
Gross Unrealized Gain	2,538	2,078
Gross Unrealized Loss	(3,842)	(3,767)
Equity Securities	$ 39,940	$ 34,583

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Gain (Loss) on Securities [Line Items]
Net unrealized (losses) gains recognized	$ (1,041)	$ (347)	$ 385	$ (8,157)
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Net losses recognized	(1,091)	(1,279)	(247)	(9,144)
Exclude: Net realized losses recognized for securities sold	$ (50)	$ (932)	$ (632)	$ (987)

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Debt and Equity Securities, FV-NI [Line Items]
Proceeds			$ 10,385	$ 29,316
Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	$ 4,108	$ 4,889	10,385	29,316
Gross Realized Gains	215	135	317	1,988
Gross Realized Losses	$ (265)	$ (1,067)	$ (949)	$ (2,975)

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, 2023	Dec. 31, 2022
Investment Securities [Line Items]
Carrying Value		$ 23,174	$ 25,702
Unfunded balance		4,931	5,661
Private US Lower Middle Market Companies [Member]
Investment Securities [Line Items]
Carrying Value	[1],[2],[3]	3,385	4,146
Unfunded balance	[1],[2],[3]	$ 0	$ 0
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]	$ 2,312	$ 2,528
Unfunded balance	[1],[2],[5]	$ 0	$ 0
Percentage investment held by the entity	[1],[2],[4],[5]	1.25%	1.66%
Power Utility and Energy Industries and Infrastructure [Member]
Investment Securities [Line Items]
Carrying Value	[2],[6],[7]	$ 3,541	$ 5,319
Unfunded balance	[2],[6],[7]	$ 0	$ 0
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]	$ 3,269	$ 3,470
Unfunded balance	[2],[8],[9]	$ 0	$ 0
Percentage investment held by the entity	[2],[4],[8],[9]	0.55%	0.56%
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Investment Securities [Line Items]
Carrying Value	[2],[10]	$ 7,678	$ 7,457
Unfunded balance	[2],[10]	$ 2,543	$ 3,125
Percentage investment held by the entity	[2],[4],[10]	1.32%	1.32%
Credit and Equity Investments, Primarily in Private Equity-Owned Companies [Member]
Investment Securities [Line Items]
Carrying Value	[2],[11]	$ 2,989	$ 2,782
Unfunded balance	[2],[11]	$ 2,388	$ 2,536
Percentage investment held by the entity	[2],[4],[11]	0.55%	0.98%
[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 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. Effective July 1, 2023, this investment is in the process of winding down. 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, 2023
Private US Lower Middle Market Companies [Member]
Schedule Of Investments [Line Items]
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
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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule Of Equity Method Investments [Line Items]
Total income	$ 131,644	$ 126,654	$ 388,000	$ 379,620
Net (loss) income	15,669	(51,503)	48,344	(57,254)
Balance sheet:
Total assets	1,723,632		1,723,632		$ 1,803,328
Total liabilities	1,428,774		1,428,774		1,548,521
Limited Partnership [Member]
Schedule Of Equity Method Investments [Line Items]
Total income	4,028	208,468	42,195	724,413
Total expenses	(24,066)	(45,537)	(51,163)	(117,877)
Net (loss) income	(20,038)	$ 162,931	(8,968)	$ 606,536
Balance sheet:
Total assets	4,360,676		4,360,676		5,119,695
Total liabilities	$ 255,622		$ 255,622		$ 430,354

Investments (Limited Partnershi

Investments (Limited Partnership Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Schedule Of Investments [Line Items]
Gains Losses On Limited Partnerships Interest			$ 648	$ 3,064
Distributions received from limited partnership interests			844	2,417
Limited Partnership [Member]
Schedule Of Investments [Line Items]
Gains Losses On Limited Partnerships Interest	$ 106	$ 1,265	648	3,064
Cash distributions	915	2,768	3,932	7,149
Distributions received from limited partnership interests	423	$ 371	844	$ 2,417
Company's net cumulative contributed capital to the partnership	22,646		22,646		$ 24,978
Maximum exposure loss relating to VIE	$ 23,174		$ 23,174		$ 25,702

Investments (Investment in Unco

Investments (Investment in Unconsolidated Joint Venture) - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Jan. 31, 2023	Jun. 30, 2022	Dec. 31, 2022
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule Of Investments [Line Items]
Percentage of equity interest			90%
FMKT Mel JV, LLC [Member]
Schedule Of Investments [Line Items]
Gain on sale		$ 572
Cash distribution	$ 18

Investments - Summary of Real E

Investments - Summary of Real Estate Investments (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Real Estate [Abstract]
Land	$ 31,052	$ 38,327
Land improvements	4,388	12,138
Buildings and building improvements	12,544	29,410
Tenant and leasehold improvements	1,846	1,742
Other	1,603	1,649
Total, at cost	51,433	83,266
Less: accumulated depreciation and amortization	(6,164)	(11,878)
Real estate investments	$ 45,269	$ 71,388

Investments (Real Estate Invest

Investments (Real Estate Investments) - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 19, 2023	Jan. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Investments [Line Items]
Real estate investments to property and equipment, net		$ 8,135
Liabilities Assumed					$ 4	$ 0
Real estate investments			$ 45,269		45,269			$ 71,388
Pineda Landings Melbourne [Member]
Schedule Of Investments [Line Items]
Real estate investments sale price							$ 18,500
Real Estate Investments [Member]
Schedule Of Investments [Line Items]
Depreciation and amortization expenses under real estate investments			233	$ 480	914	$ 1,469
Real Estate Investments [Member] | Pineda Landings Melbourne [Member]
Schedule Of Investments [Line Items]
Real estate investments sale price			$ 18,500		$ 18,500		18,500
Real Estate Investments [Member] | Sorrento Hills Village Sorrento [Member]
Schedule Of Investments [Line Items]
Real estate investments sale price							$ 13,418
Proceeds from sale of land				$ 14,500
Real Estate Investments [Member] | Haines City, Florida [Member]
Schedule Of Investments [Line Items]
Asset Acquisition, Consideration Transferred	$ 3,393
Acquisition costs	100
Liabilities Assumed	4
Real estate investments	$ 1,582

Investments - Investment Income

Investments - Investment Income (Loss) Summarized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Schedule Of Investments [Line Items]
Net income from limited partnership interests			$ 648	$ 3,064
Real estate investments	$ 248	$ 13,897	9,811	15,782
Net Investment Income	9,384	18,530	35,893	25,082
Available-for-Sale-Fixed-Maturity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	4,076	2,125	13,231	3,710
Equity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	397	288	1,071	875
Investment Expense [Member]
Schedule Of Investments [Line Items]
Investment expense	(126)	(117)	(380)	(367)
Limited Partnership Investment [Member]
Schedule Of Investments [Line Items]
Net income from limited partnership interests	106	1,265	648	3,064
Net Income From Unconsolidated Joint Venture [Member]
Schedule Of Investments [Line Items]
Investment income	0	0	0	495
Cash and Cash Equivalents [Member]
Schedule Of Investments [Line Items]
Investment income	$ 4,683	$ 1,072	$ 11,512	$ 1,523

Investments (Investment Income

Investments (Investment Income (Loss) Summarized) - Additional Information (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Mar. 31, 2023 USD ($)	Jul. 01, 2022 a
Net Investment Income [Line Items]
Gain on involuntary conversions		$ 0	$ 13,402
Gain on sale of investment real estate		8,936	376
Gain (loss) on involuntary conversions		0	13,402
Pineda Landings Melbourne [Member]
Net Investment Income [Line Items]
Real Estate Investments Sale Price				$ 18,500
Real Estate Investments [Member] | Pineda Landings Melbourne [Member]
Net Investment Income [Line Items]
Gain on involuntary conversions	$ 13,402
Gain on sale of investment real estate		6,476	376
Real Estate Investments Sale Price		18,500		18,500
Gain (loss) on involuntary conversions	13,402
Gain on sale of liquor license			$ 451
Real Estate Investments [Member] | Sorrento Hills Village Sorrento [Member]
Net Investment Income [Line Items]
Gain on sale of investment real estate		$ 2,460
Real Estate Investments Sale Price				$ 13,418
Proceeds from sale of land	$ 14,500
Real Estate Investments [Member] | FDOT [Member]
Net Investment Income [Line Items]
Area of land sell | a					1.5

Investments (Other Investments)

Investments (Other Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Investments [Member]
Schedule Of Investments [Line Items]
Net realized gains	$ 0	$ 53	$ 47	$ 209

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Before Tax
Net unrealized gains (losses)	$ 850	$ (5,969)	$ 1,002	$ (12,294)
Reclassification adjustment for net realized losses	157	5	907	426
Net change in unrealized gains (losses)	1,007	(5,964)	1,909	(11,868)
Income Tax Effect
Net unrealized gains (losses)	215	1,336	(2,356)	(262)
Reclassification adjustment for net realized losses	40	1	230	108
Total other comprehensive income (loss)	255	1,337	(2,126)	(154)
Net of Tax
Net unrealized gains (losses)	635	(7,305)	3,358	(12,032)
Reclassification adjustment for net realized losses	117	4	677	318
Total other comprehensive income (loss), net of income taxes	$ 752	$ (7,301)	$ 4,035	$ (11,714)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2023
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, 2023
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2042
Valuation Methodology	Quoted price
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2037
Valuation Methodology	Quoted price
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Valuation Methodology	Discounted cash flow method/Level 3 inputs
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
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
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2033
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, 2023
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%
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	5.50%

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets Measured at Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financial Assets:
Restricted cash	$ 2,987	$ 2,900
Debt Securities, Available-for-Sale	418,676	483,901
Equity Securities	39,940	34,583
Fair Value, Measurements, Recurring [Member]
Financial Assets:
Cash and cash equivalents	324,019	234,863
Restricted cash	2,987	2,900
Debt Securities, Available-for-Sale	418,676	483,901
Equity Securities	39,940	34,583
Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	324,019	234,863
Restricted cash	2,987	2,900
Debt Securities, Available-for-Sale	410,480	474,149
Equity Securities	39,940	34,583
Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	8,196	9,752
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	391,571	454,602
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	383,780	446,233
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	7,791	8,369
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	26,248	27,193
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	26,248	27,193
States, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	405	1,383
States, Municipalities, and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	405	1,383
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale	452	633
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale	$ 452	633
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale		90
Redeemable Preferred Stock [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		$ 90

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Information for Financial Liabilities Carried on Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Financial Liabilities:
Total long-term debt	$ 208,331	$ 211,687
Carrying Value [Member]
Financial Liabilities:
Total long-term debt	208,329	211,674
Carrying Value [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	167,948	167,126
Carrying Value [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	23,916	23,916
Carrying Value [Member] | 3.90% Promissory Note [Member]
Financial Liabilities:
Total long-term debt		8,943
Carrying Value [Member] | 3.75% Callable Promissory Note [Member]
Financial Liabilities:
Total long-term debt		6,789
Carrying Value [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,706	4,900
Carrying Value [Member] | 5.50% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	11,759
Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt	202,210	171,605
Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	187,035	152,640
Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	15,175	18,965
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	162,630	133,167
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	162,630	133,167
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	24,405	19,473
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	24,405	19,473
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member]
Financial Liabilities:
Total long-term debt		8,152
Estimate of Fair Value Measurement [Member] | 3.90% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt		8,152
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note [Member]
Financial Liabilities:
Total long-term debt		6,171
Estimate of Fair Value Measurement [Member] | 3.75% Callable Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt		6,171
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,220	4,642
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	4,220	$ 4,642
Estimate of Fair Value Measurement [Member] | 5.50% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	10,955
Estimate of Fair Value Measurement [Member] | 5.50% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	$ 10,955

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Information for Financial Liabilities Carried on Consolidated Balance Sheets (Parenthetical) (Detail)	Sep. 30, 2023	Jun. 26, 2023	Dec. 31, 2022
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%
3.75% Callable Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.75%
4.55% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.55%
5.50% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	5.50%	5.50%
Carrying Value [Member] | 4.75% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.75%		4.75%
Carrying Value [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%
Carrying Value [Member] | 3.90% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate			3.90%
Carrying Value [Member] | 3.75% Callable Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate			3.75%
Carrying Value [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%
Carrying Value [Member] | 5.50% Promissory Note [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	5.50%

Intangible Assets, Net - Detail

Intangible Assets, Net - Details of Intangible Assets, Net (Detail) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Total, at cost		$ 12,635	$ 15,754
Less: accumulated amortization		(4,363)	(5,176)
Intangible assets, net		8,272	10,578
Anchor Tenant Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	[1]	0	1,761
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost		2,221	3,579
Policy Renewal Rights [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost		10,100	10,100
Non-compete agreements [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	[2]	$ 314	$ 314
[1] An anchor tenant is a tenant that attracts more customers than other tenants. Fully amortized.

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets (Detail)	Sep. 30, 2023
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	11 years 7 months 6 days
Policy Renewal Rights [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	2 years 7 months 6 days

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended
	Sep. 19, 2023	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Intangible assets			$ 12,635	$ 15,754
Intangible Assets Derecognized In Property Sale		$ 2,200
Other Liabilities [Member]
Finite Lived Intangible Assets [Line Items]
Asset Acquisition, Contingent Consideration, Liability			$ 371	$ 371
Real Estate Investments [Member]
Finite Lived Intangible Assets [Line Items]
Asset Acquisition Recognized Intangible Assets	$ 1,811

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Benefits receivable related to retrospective reinsurance contracts	$ 37,296	$ 16,317
Reimbursement and fees receivable under TPA service	5,335	7,303
Prepaid expenses	3,376	2,826
Deposits	448	491
Lease acquisition costs, net	671	832
Other	1,572	3,902
Total other assets	$ 48,698	$ 31,671

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Interest Expense		$ 2,827	$ 2,813	$ 8,295	$ 4,929
Amortization of Debt Issuance Costs	[1]	$ 284	272	$ 840	431
Maximum [Member]
Line of Credit Facility [Line Items]
Debt-to-capital ratio		65		65
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest Expense		$ 21	25	$ 69	176
Amortization of Debt Issuance Costs		21	$ 25	68	$ 74
Revolving credit facility		0		0
Credit facility, maximum borrowing capacity		$ 50,000		$ 50,000
Credit facility, expiration date				Dec. 31, 2024
[1] Includes amortization of debt issuance costs.

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Finance Lease, Liability	$ 2	$ 13
Total principal amount	213,149	217,340
Less: unamortized issuance costs	(4,818)	(5,653)
Total long-term debt	208,331	211,687
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total principal amount	172,500	172,500
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total principal amount	23,916	23,916
Less: unamortized issuance costs	0
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	0	9,072
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	0	6,871
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	4,768	4,968
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	$ 11,963	$ 0

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2023	Jun. 26, 2023
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.75%
Debt instrument, maturity date	Jun. 01, 2042
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
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	5.50%	5.50%
Debt instrument, maturity date	Jul. 01, 2033
Finance Lease Liabilities [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	Oct. 15, 2024

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ / shares in Units, $ in Thousands			3 Months Ended			9 Months Ended
	Jun. 26, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2023 USD ($) $ / shares	Mar. 31, 2023 USD ($)	Sep. 30, 2022 $ / shares	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2022 USD ($) $ / shares	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt						$ 177	$ 0
Cash dividends on common stock | $ / shares			$ 0.4		$ 0.4	$ 1.2	$ 1.2
Less: unamortized issuance costs			$ 4,818			$ 4,818		$ 5,653
Pineda Landings Melbourne [Member]
Debt Instrument [Line Items]
Real Estate Investments Sale Price		$ 18,500		$ 18,500
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate			4.25%			4.25%
Convertible debt, conversion ratio						16.578
Convertible debt, conversion price | $ / shares			$ 60.32			$ 60.32
Less: unamortized issuance costs			$ 0			$ 0
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 issuance costs, remaining amortization period						3 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%
3.90% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate			3.90%			3.90%
Decrease in Interest Payable, Net		16
Notes Reduction				$ 8,979
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate			3.75%			3.75%
Loss on extinguishment of debt		177
Repayments of Long-Term Debt		6,775
Decrease in Interest Payable, Net		$ 22
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	5.50%		5.50%			5.50%
Proceeds from Secured Debt	$ 12,000
Principal & Interest, Amount	$ 74
Number of Monthly Installments	120
Debt Instrument Repayment terms Description	The promissory note may be repaid in full or in part after August 1, 2025 as long as the Company provides at least 30 days’ written notice and pays a prepayment consideration as specified in the loan agreement.

Long-Term Debt - Summary of Fut

Long-Term Debt - Summary of Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Long-Term Debt, Rolling Maturity [Abstract]
2023	$ 512
2024	536
2025	563
2026	197,008
2027	622
Thereafter	13,908
Total	$ 213,149	$ 217,340

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest Expense, Debt [Abstract]
Contractual interest		$ 2,522	$ 2,516	$ 7,386	$ 4,322
Non-cash expense (a)	[1]	284	272	840	431
Total		$ 2,806	$ 2,788	$ 8,226	$ 4,753
[1] Includes amortization of debt issuance costs.

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) Reinsurer	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Reinsurer	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) Reinsurer
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of ceding commission on ceded premiums written			30%
Profit commission on net profit			10%
Reinsurance recoverable	$ 491,964		$ 491,964		$ 688,359
Ceded losses recognized as a reduction in losses and loss adjustment expenses	2,911	$ 907,541	6,771	$ 910,928
Decrease in credit loss expense	(33)	(389)	135	(361)
Allowances for credit losses related to the reinsurance recoverable balance	319		319		454
Reduction in premiums ceded	6,993	3,843	20,979	11,717
Net increase in premiums ceded		12,600
Other Assets	48,698		48,698		31,671
Benefits receivable related to retrospective reinsurance contracts	37,296		37,296		16,317
Funds withheld for assumed business	44,761		44,761		48,772
Assumed premiums written	0	9,142	(7,569)	12,815
Premiums receivable	42,121		42,121		34,998
Reinsurance payable on paid losses and loss adjustment expenses	7,043		7,043		8,606
Funds Held under Reinsurance Agreements, Liability	44,761		44,761
United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Funds withheld for assumed business	44,761		44,761		48,772
Net amount due to entity	10,274		10,274
Northeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	1,207		1,207		1,581
Assumed premiums written	0	0	0	(27,488)
Ceding commission payable	581		581		581
Reinsurance payable on paid losses and loss adjustment expenses	626		626		1,000
Southeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	14,402		14,402		7,521
Assumed premiums written	0	$ 9,142	(7,569)	$ 40,303
Premiums receivable	1,521		1,521		101
Ceding commission payable	9,506		9,506		16
Reinsurance payable on paid losses and loss adjustment expenses	$ 6,417		$ 6,417		$ 7,606
Participating Reinsurers [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurer	33		33		45
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments [Member] | Reinsurer Concentration Risk [Member] | Reinsurance [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of reinsurance recoverable major reinsurers			69.90%

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, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Premiums Written:
Direct	$ 198,265		$ 182,039		$ 585,671		$ 541,812
Assumed	0		9,142		(7,569)		12,815
Gross written	198,265		191,181		578,102		554,627
Ceded	(66,152)		(74,741)		(203,051)		(184,108)
Net premiums written	132,113		116,440		375,051		370,519
Premiums Earned:
Direct	188,308		166,116		543,159		479,849
Assumed	0		15,597		7,163		61,913
Gross earned	188,308	[1]	181,713	[2]	550,322	[3]	541,762	[4]
Ceded	(66,152)		(74,741)		(203,051)		(184,108)
Net premiums earned	$ 122,156		$ 106,972		$ 347,271		$ 357,654
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 102,075 from HCPCI and $ 5,815 from a reinsurance company. 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 $ 291,406 from HCPCI and $ 15,265 from a r einsurance 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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net balance, beginning of period	[1]	$ 243,586	$ 196,414	$ 246,546	$ 172,410
Incurred, net of reinsurance, related to:
Current period		58,621	126,486	176,287	275,010
Prior periods		8,105	13,308	12,894	24,318
Total incurred, net of reinsurance		66,726	139,794	189,181	299,328
Paid, net of reinsurance, related to:
Current period		(36,299)	(45,732)	(74,514)	(102,155)
Prior periods		(27,782)	(27,489)	(114,982)	(106,596)
Total paid, net of reinsurance		(64,081)	(73,221)	(189,496)	(208,751)
Net balance, end of period		246,231	262,987	246,231	262,987
Add: reinsurance recoverable before allowance for credit losses		462,858	938,855	462,858	938,855
Gross balance, end of period		$ 709,089	$ 1,201,842	$ 709,089	$ 1,201,842	$ 863,765
[1] Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE.

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses prior period development	$ 8,105	$ 13,308	$ 12,894	$ 24,318
Total incurred, net of reinsurance	66,726	139,794	189,181	$ 299,328
Hurricane [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Total incurred, net of reinsurance		$ 65,000
United [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Total incurred, net of reinsurance	16,225		51,560
Accident Year 2022 and Prior [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Claims and claim adjustment expenses prior period development	$ 8,105		$ 12,894

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Number of operating divisions			4
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	64.40%	60.50%	63.70%	66.60%
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | TypTap Insurance Group [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	34.10%	29.90%	34.60%	28.70%
Assets [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			56.60%		53.40%
Assets [Member] | Segment Concentration Risk [Member] | TypTap Insurance Group [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			34.60%		37.90%

Segment Information - Summary o

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($)		3 Months Ended				9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Revenue:
Gross premiums earned		$ 188,308,000	[1]	$ 181,713,000	[2]	$ 550,322,000	[3]	$ 541,762,000	[4]
Premiums ceded		(66,152,000)		(74,741,000)		(203,051,000)		(184,108,000)
Net premiums earned		122,156,000		106,972,000		347,271,000		357,654,000
Net income (loss) from investment portfolio		8,136,000		17,299,000		34,692,000		15,721,000
Gain from sales of real estate investments						8,936,000		376,000
Policy fee income		1,092,000		1,071,000		3,651,000		3,180,000
Gain on involuntary conversions						0		13,402,000
Other		260,000		1,312,000		2,386,000		3,065,000
Total revenue		131,644,000		126,654,000		388,000,000		379,620,000
Expenses:
Losses and loss adjustment expenses		66,726,000		139,794,000		189,181,000		299,328,000
Amortization of deferred policy acquisition costs		21,686,000		23,509,000		64,592,000		77,742,000
Other policy acquisition expenses		1,082,000		1,169,000		3,514,000		3,207,000
Stock-based compensation expense		1,840,000		4,130,000		5,813,000		12,709,000
Interest expense		2,827,000		2,813,000		8,295,000		4,929,000
Depreciation and amortization		1,428,000		1,272,000		4,280,000		3,336,000
Loss on extinguishment of debt						177,000		0
Personnel and other operating expenses		15,967,000		17,569,000		48,835,000		49,530,000
Total expenses		111,556,000		190,256,000		324,510,000		450,781,000
Income (loss) before income taxes		20,088,000		(63,602,000)		63,490,000		(71,161,000)
Gross premiums written		198,265,000		191,181,000		578,102,000		554,627,000
Corporate and Other [Member]
Revenue:
Other	[5]			717,000
Operating Segments [Member] | HCPCI Insurance Operations [Member]
Revenue:
Gross premiums earned		107,890,000	[1]	104,671,000	[2]	306,671,000	[3]	339,612,000	[4]
Premiums ceded		(43,751,000)		(46,157,000)		(124,399,000)		(120,089,000)
Net premiums earned		64,139,000		58,514,000		182,272,000		219,523,000
Net income (loss) from investment portfolio		3,373,000		1,143,000		10,720,000		(1,760,000)
Policy fee income		533,000		613,000		1,647,000		1,895,000
Other		3,949,000		1,246,000		12,319,000		2,907,000
Total revenue		71,994,000		61,516,000		206,958,000		222,565,000
Expenses:
Losses and loss adjustment expenses		29,819,000		73,228,000		86,254,000		165,915,000
Amortization of deferred policy acquisition costs		10,313,000		11,333,000		29,934,000		46,339,000
Other policy acquisition expenses		581,000		748,000		1,853,000		2,090,000
Stock-based compensation expense		419,000		1,049,000		1,413,000		3,380,000
Depreciation and amortization		141,000		166,000		421,000		433,000
Personnel and other operating expenses		10,137,000		14,240,000		28,972,000		29,296,000
Total expenses		51,410,000		100,764,000		148,847,000		247,453,000
Income (loss) before income taxes		20,584,000		(39,248,000)		58,111,000		(24,888,000)
Total revenue from non-affiliates		62,418,000	[6]	55,801,000	[7]	181,587,000	[8]	213,810,000	[9]
Gross premiums written		127,334,000		119,400,000		353,032,000		323,680,000
Operating Segments [Member] | TypTap Insurance Group [Member]
Revenue:
Gross premiums earned		86,233,000	[1]	82,728,000	[2]	258,916,000	[3]	210,793,000	[4]
Premiums ceded		(28,216,000)		(33,236,000)		(93,887,000)		(70,798,000)
Net premiums earned		58,017,000		49,492,000		165,029,000		139,995,000
Net income (loss) from investment portfolio		3,210,000		1,144,000		10,191,000		1,411,000
Policy fee income		559,000		458,000		2,004,000		1,285,000
Other		1,184,000		512,000		4,017,000		1,513,000
Total revenue		62,970,000		51,606,000		181,241,000		144,204,000
Expenses:
Losses and loss adjustment expenses		37,324,000		62,153,000		105,317,000		129,833,000
Amortization of deferred policy acquisition costs		11,373,000		12,176,000		34,658,000		31,403,000
Other policy acquisition expenses		527,000		450,000		1,735,000		1,230,000
Stock-based compensation expense		730,000		869,000		2,217,000		2,651,000
Interest expense		431,000		222,000		1,292,000		633,000
Depreciation and amortization		1,036,000		865,000		3,022,000		2,200,000
Personnel and other operating expenses		9,317,000		8,497,000		28,688,000		24,516,000
Total expenses		60,738,000		85,232,000		176,929,000		192,466,000
Income (loss) before income taxes		2,232,000		(33,626,000)		4,312,000		(48,262,000)
Total revenue from non-affiliates		63,957,000	[6]	55,803,000	[7]	192,654,000	[8]	149,635,000	[9]
Gross premiums written		70,931,000		71,781,000		225,070,000		230,947,000
Operating Segments [Member] | Real Estate Operations [Member]
Revenue:
Gain from sales of real estate investments	[10]					8,936,000
Gain on involuntary conversions	[11]			13,402				13,402,000
Other		2,355,000	[11]	2,785,000	[12]	7,410,000	[10]	7,953,000	[13]
Total revenue		2,355,000	[11]	16,187,000	[12]	16,346,000	[10]	21,355,000	[13]
Expenses:
Interest expense		226,000	[12]	221,000	[12]	496,000	[10]	672,000	[13]
Depreciation and amortization		329,000	[11]	651,000	[12]	1,282,000	[10]	1,862,000	[13]
Loss on extinguishment of debt	[10]					177,000
Personnel and other operating expenses		1,486,000	[11]	1,583,000	[12]	4,541,000	[10]	3,516,000	[13]
Total expenses		2,041,000	[11]	2,455,000	[12]	6,496,000	[10]	6,050,000	[13]
Income (loss) before income taxes		314,000	[11]	13,732,000	[12]	9,850,000	[10]	15,305,000	[13]
Total revenue from non-affiliates		1,519,000	[7],[12]	15,848,000	[7],[12]	13,895,000	[8],[10]	20,339,000	[9],[13]
Operating Segments [Member] | Corporate and Other [Member]
Revenue:
Net income (loss) from investment portfolio		1,735,000	[5]	1,338,000	[14]	5,262,000	[15]	426,000	[16]
Other		526,000	[5]			1,798,000	[15]	3,025,000	[16]
Total revenue		2,261,000	[5]	2,055,000	[14]	7,060,000	[15]	3,451,000	[16]
Expenses:
Stock-based compensation expense		691,000	[5]	2,212,000	[14]	2,183,000	[15]	6,678,000	[16]
Interest expense		2,601,000	[5]	2,591,000	[14]	7,799,000	[15]	4,256,000	[16]
Depreciation and amortization		160,000	[5]	186,000	[14]	566,000	[15]	660,000	[16]
Personnel and other operating expenses		1,851,000	[5]	1,526,000	[14]	5,295,000	[15]	5,173,000	[16]
Total expenses		5,303,000	[14]	6,515,000	[14]	15,843,000	[15]	16,767,000	[16]
Income (loss) before income taxes		(3,042,000)	[5]	(4,460,000)	[14]	(8,783,000)	[15]	(13,316,000)	[16]
Total revenue from non-affiliates		1,692,000	[5],[6]	1,440,000	[7],[14]	5,353,000	[8],[15]	1,530,000	[9],[16]
Intersegment Eliminations [Member]
Revenue:
Gross premiums earned		(5,815,000)	[1]	(5,686,000)	[2]	(15,265,000)	[3]	(8,643,000)	[4]
Premiums ceded		5,815,000		4,652,000		15,235,000		6,779,000
Net premiums earned		0		(1,034,000)		30,000		(1,864,000)
Net income (loss) from investment portfolio		(182,000)		13,674,000		8,519,000		15,644,000
Gain from sales of real estate investments						(8,936,000)
Gain on involuntary conversions				(13,402,000)				(13,402,000)
Other		(7,754,000)		(3,948,000)		(23,158,000)		(12,333,000)
Total revenue		(7,936,000)		(4,710,000)		(23,605,000)		(11,955,000)
Expenses:
Losses and loss adjustment expenses		(417,000)		4,413,000		(2,390,000)		(3,580,000)
Other policy acquisition expenses		(26,000)		(29,000)		(74,000)		(113,000)
Interest expense		(431,000)		(221,000)		(1,292,000)		(632,000)
Depreciation and amortization		(238,000)		(596,000)		(1,011,000)		(1,819,000)
Loss on extinguishment of debt						(177,000)
Personnel and other operating expenses		(6,824,000)		(8,277,000)		(18,661,000)		(12,971,000)
Total expenses		(7,936,000)		(4,710,000)		(23,605,000)		(11,955,000)
Income (loss) before income taxes		$ 0		$ 0		$ 0		$ 0
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 102,075 from HCPCI and $ 5,815 from a reinsurance company. 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 $ 291,406 from HCPCI and $ 15,265 from a r einsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 330,969 from HCPCI and $ 8,643 from a reinsurance company. Other revenue under corporate and other primarily consisted o f revenue from marina business. 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.

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, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Segment Reporting Information [Line Items]
Gross premiums earned	$ 188,308	[1]	$ 181,713	[2]	$ 550,322	[3]	$ 541,762	[4]
Reinsurance [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	5,815		5,686		15,265		8,643
HCPCI [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	$ 102,075		$ 98,985		$ 291,406		$ 330,969
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 102,075 from HCPCI and $ 5,815 from a reinsurance company. 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 $ 291,406 from HCPCI and $ 15,265 from a r einsurance 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, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total assets	$ 1,723,632	$ 1,803,328
Consolidation and Elimination [Member]
Segment Reporting Information [Line Items]
Total assets	(144,095)	(98,713)
HCPCI Insurance Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	935,294	912,233
TypTap Insurance Group [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	632,103	704,429
Real Estate Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	109,246	126,001
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 191,084	$ 159,378

Leases - Summary of Right-of-us

Leases - Summary of Right-of-use Assets and Liabilities for Operating and Finance Leases (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Operating leases:
ROU Assets	$ 1,460	$ 777
Liabilities	$ 1,457	$ 721
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	$ 6	$ 80
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	$ 2	$ 13

Leases - Summary of the Company

Leases - Summary of the Company's operating and finance leases - the Company is lessee (Detail)	9 Months Ended
	Sep. 30, 2023
Office Equipment [Member]
Operating lease:
Renewal Option	true	[1]
Office Equipment [Member] | Minimum [Member]
Operating lease:
Initial Term	36 months	[1]
Finance lease:
Initial Term	3 years	[2]
Office Equipment [Member] | Maximum [Member]
Operating lease:
Initial Term	63 months	[1]
Finance lease:
Initial Term	5 years	[2]
Office space [Member]
Operating lease:
Renewal Option	true	[1],[3]
Office space [Member] | Minimum [Member]
Operating lease:
Initial Term	5 years	[1],[3]
Office space [Member] | Maximum [Member]
Operating lease:
Initial Term	9 years	[1],[3]
[1] There are no variable lease payments. There is a bargain purchase option. Rent escalation provisions exist.

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Leases [Abstract]
2023	$ 283
2024	292
2025	302
2026	311
2027	246
Thereafter	278
Total lease payments	1,712
Less: interest	255
Total lease obligations	1,457	$ 721
2023	2
2024	0
2025	0
2026	0
2027	0
Thereafter	0
Total lease payments	2
Less: interest	0
Total lease obligations	$ 2	$ 13

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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Finance lease costs:
Amortization - ROU assets	[1]	$ 6	$ 4	$ 14	$ 14
Operating lease costs	[1]	74	281	203	937
Short-term lease costs	[1]	94	105	261	306
Total lease costs		$ 174	$ 390	478	1,257
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases				144	924
Financing cash flows – finance leases				$ 11	$ 14
Weighted-average remaining lease term:
Finance leases (in years)		1 year		1 year
Operating leases (in years)		5 years 10 months 24 days		5 years 10 months 24 days
Weighted-average discount rate:
Finance leases		2.40%		2.40%
Operating leases		6.10%		6.10%
[1] Included in other operating expenses on the consolidated statements of income.

Leases - Summary of the Compa_2

Leases - Summary of the Company's operating leases - the Company is lessor (Detail)	9 Months Ended
	Sep. 30, 2023	[1]
Retail space [Member]
Operating lease:
Renewal Option	true
Retail Site [Member] | Minimum [Member]
Operating lease:
Initial Term	3 years
Retail Site [Member] | Maximum [Member]
Operating lease:
Initial Term	15 years
Boat docks/wet slips [Member]
Operating lease:
Renewal Option	true
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
[1] There are no purchase options.

Leases (Additional Information)

Leases (Additional Information) (Details)	Mar. 31, 2023
Five Point Two Five Years [Member]
Disclosure Of Leases [Line Items]
Initial Term	5 years 3 months

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 4,419	$ (12,099)	$ 15,146	$ (13,907)
Reduction in income tax expense attributable to decrease in valuation allowance	$ (657)		$ (1,841)
Effective tax rate	22%	19%	23.90%	19.50%

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, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 15,669		$ (51,503)		$ 48,344		$ (57,254)
Less: Net income attributable to redeemable noncontrolling interest	(2,349)		(2,285)		(7,010)		(6,801)
Less: TypTap Group's net (income) loss attributable to non-HCI common stockholders and TypTap Group's participating securities	(163)		2,829		(396)		4,018
Net income (loss) after noncontrolling interests	13,157		(50,959)		40,938		(60,037)
Less: Income attributable to participating securities	(411)		3,289		(1,395)		3,855
Basic Earnings (Loss) Per Share:
Income (loss) allocated to common stockholders (Numerator)	$ 12,746		$ (47,670)		$ 39,543		$ (56,182)
Income (loss) allocated to common stockholders (Denominator)	8,317	[1]	8,427	[1]	8,299		8,972
Basic earnings (loss) per share	$ 1.53		$ (5.66)		$ 4.76		$ (6.26)
Diluted Earnings (Loss) Per Share:
Income (loss) available to common stockholders and assumed conversions (Numerator)	$ 14,673		$ (47,670)		$ 45,314		$ (56,182)
Income (loss) available to common stockholders and assumed conversions (Denominator)	10,975	[1]	8,427	[1]	10,905	[2]	8,972	[2]
Diluted earnings (loss) per share	$ 1.34		$ (5.66)		$ 4.16		$ (6.26)
Warrant [Member]
Diluted Earnings Per Share:
Dilutive Securities, Shares (Denominator)	32	[1]	0	[1]			0
Convertible Senior Notes [Member]
Diluted Earnings Per Share:
Convertible senior notes (Numerator)	$ 1,927				$ 5,771
Dilutive Securities, Shares (Denominator)	2,538	[1]			2,538
Stock Options [Member]
Diluted Earnings Per Share:
Dilutive Securities, Shares (Denominator)	88	[1]	0	[1]	68		0
[1] Shares in thousands Shares in thousands

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, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests [Abstract]
Beginning Balance	$ 95,202	$ 92,865	$ 93,553	$ 91,963	$ 89,695	$ 89,955	$ 93,553	$ 89,955
Increase (decrease):
Accrued cash dividends	1,876	1,875	1,637	1,499	1,500	1,342	5,388	4,341
Accretion - increasing dividend rates	473	462	687	786	768	906	1,622	2,460
Cash dividends paid to redeemable noncontrolling interest	(3,750)		(3,012)	(3,000)		(2,508)	(6,762)	(5,508)
Ending Balance	$ 93,801	$ 95,202	$ 92,865	$ 91,248	$ 91,963	$ 89,695	$ 93,801	$ 91,248

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Jul. 03, 2023
Temporary Equity [Line Items]
Net income attributable to redeemable noncontrolling interest (Note 18)	$ (2,349)			$ (2,285)			$ (7,010)	$ (6,801)
Accrued cash dividends	1,876	$ 1,875	$ 1,637	1,499	$ 1,500	$ 1,342	5,388	4,341
Accretion - increasing dividend rates	$ 473	$ 462	$ 687	$ 786	$ 768	$ 906	$ 1,622	$ 2,460
TTIG [Member] | Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock voting shares issued									1,000,000
Preferred stock non-voting shares issued									1,000,000

Equity (Common Stock) - Additio

Equity (Common Stock) - Additional Information (Detail) - USD ($)		3 Months Ended		9 Months Ended
	Jul. 03, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2022
Class of Stock [Line Items]
Common stock repurchase authorized amount						$ 20,000,000
Stock Repurchased and Retired During Period, Value				$ (784,000)	$ (68,103,000)
Dividends per common share	$ 0.4
Dividends, date of declared	Jul. 03, 2023
Dividends, date of record	Aug. 18, 2023
Dividends, date of payment	Sep. 15, 2023
Share Repurchase Plan [Member]
Class of Stock [Line Items]
Stock Repurchased and Retired During Period, Value			$ 6,179,000		$ 8,063,000
Shares acquired, average cost per share			$ 51.72		$ 54.14
Common stock repurchased and retired, weighted average price, including fees and commissions			$ 51.72		$ 54.14
Common Stock [Member]
Class of Stock [Line Items]
Stock Repurchased and Retired During Period, Shares		43,511		14,498	1,056,997
Common Stock [Member] | Share Repurchase Plan [Member]
Class of Stock [Line Items]
Stock Repurchased and Retired During Period, Shares			119,462		148,927
Stock repurchased and retired, weighted average price, excluding fees and commissions			$ 51.69		$ 54.11

Equity (Warrants) - Additional

Equity (Warrants) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Class of Stock [Line Items]
Warrants	750,000
Exercise price	$ 54.4
Warrants Expiration Date	Feb. 26, 2025
Stock Repurchased and Retired During Period, Value	$ (784)	$ (68,103)
4.75% Convertible Senior Notes [Member]
Class of Stock [Line Items]
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, Interest Rate, Stated Percentage	4.75%
Repurchase and retirement of common stock, shares	1,037,600
Common stock repurchased and retired, weighted average price, including fees and commissions	$ 64.43

Equity (Share Repurchase Agreem

Equity (Share Repurchase Agreement) (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Class of Stock [Line Items]
Stock repurchased and retired, total costs	$ 784	$ 68,103
4.75% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%
4.75% Convertible Senior Notes [Member] | Share Repurchase Agreement [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%
Stock repurchased and retired, total costs	$ 66,853
Repurchase and retirement of common stock, shares	1,037,600
Common stock repurchased and retired, weighted average price, including fees and commissions	$ 64.43

Equity (Noncontrolling Interest

Equity (Noncontrolling Interest) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Class of Stock [Line Items]
Common stock, outstanding	8,590,824		8,590,824		8,598,682
Purchase of noncontrolling interests			$ (300)	$ (406)
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares	43,511		14,498	1,056,997
TTIG [Member]
Class of Stock [Line Items]
Common stock, outstanding	80,471,174		80,471,174
Repurchase and retirement of common stock, shares	2,343	2,893	65,151	69,876
Purchase of noncontrolling interests	$ 3	$ 17	$ 240	$ 406
TTIG [Member] | Common Stock [Member]
Class of Stock [Line Items]
Purchase of noncontrolling interests	$ 85
TTIG [Member] | Noncontrolling Interests [Member]
Class of Stock [Line Items]
Common stock, outstanding	5,471,174		5,471,174
Purchase of noncontrolling interests	$ 26

Stock-Based Compensation (2012

Stock-Based Compensation (2012 Omnibus Incentive Plan) - Additional Information (Detail)	Sep. 30, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for grant	959,565

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Options) - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 15, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares, Issued		8,590,824		8,590,824		8,598,682
Options granted to purchase common stock		150,000
Options exercised		0	0	0	0
Recognized compensation expenses		$ 1,840	$ 4,130	$ 5,813	$ 12,709
Recognition of remaining compensation expense over a weighted-average period				1 year 4 months 24 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period				4 years
Options granted to purchase common stock	150,000
Stock options exercisable contractual term				10 years
Recognized compensation expenses		133	162	$ 299	507
Deferred tax benefits recognized		0	$ 0	0	$ 0
Unrecognized compensation expense related to nonvested stock options		$ 1,911		$ 1,911		$ 336

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, 2023	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
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
Grant Number of Options	150,000
Outstanding, Ending Balance, Number of Options	590,000	440,000	440,000	440,000	440,000	590,000	440,000	440,000	440,000
Exercisable, Number of Options	412,500					412,500	357,500
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 45.25	$ 45.25	$ 45.25	$ 45.25	$ 45.25	$ 45.25	$ 45.25	$ 45.25
Grant Weighted Average Exercise Price	70
Outstanding, Ending Balance, Weighted Average Exercise Price	51.54	$ 45.25	$ 45.25	$ 45.25	$ 45.25	51.54	45.25	$ 45.25	$ 45.25
Exercisable, Weighted-Average Exercise Price	$ 45.07					$ 45.07	$ 44.23
Outstanding, Weighted-Average Remaining Contractual Term		5 years 3 months 18 days	6 years 3 months 18 days	5 years 1 month 6 days	6 years 1 month 6 days	6 years 1 month 6 days	5 years 9 months 18 days	5 years 7 months 6 days	6 years 7 months 6 days
Exercisable, Weighted-Average Remaining Contractual Term						4 years 8 months 12 days	5 years 6 months
Outstanding, Aggregate Intrinsic Value	$ 3,978	$ 3,146	$ 10,494	$ 7,863	$ 9,354	$ 3,978	$ 117	$ 0	$ 18,119
Exercisable, Aggregate Intrinsic Value	$ 3,805					$ 3,805	$ 117

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used to Estimate the Fair Value of Stock Options Granted (Detail)	9 Months Ended
	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected dividend yield	3.05%
Expected life (in years)	5 years
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected volatility	44.63%
Risk-free interest rate	4.49%
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected volatility	46.55%
Risk-free interest rate	5.49%

Stock Based Compensation - Info

Stock Based Compensation - Information with Respect to Unvested Restricted Stock Awards and Incentive Plan (Detail) - Restricted Stock [Member] - $ / shares	3 Months Ended		6 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, shares	342,459	679,997	342,459	679,997	342,459	679,997
Granted, Number of Restricted Stock Awards	6,000	4,000	7,000	3,000
Vested, Number of Restricted Stock Awards	(40,352)	(50,667)	(34,689)	(51,125)
Forfeited, Number of Restricted Stock Awards	(2,125)	(3,265)	(295)	(700)	(3,940)	(1,665)
Ending balance, shares	305,982	630,065	277,998	581,240	274,058	579,575
Nonvested, Weighted-Average Grant Date Fair Value, Beginning balance	$ 39.86	$ 39.72	$ 39.86	$ 39.72	$ 39.86	$ 39.72
Granted, Weighted-Average Grant Date Fair Value	51.76	70.58	58.52	67.3
Vested, Weighted-Average Grant Date Fair Value	54.83	50.68	45.56	45.04
Forfeited, Weighted-Average Grant Date Fair Value	40.33	45.85	55.41	45.61	66.73	45.56
Nonvested, Weighted-Average Grant Date Fair Value, Ending balance	$ 38.11	$ 39	$ 37.68	$ 38.61	$ 37.26	$ 38.59

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 1,840	$ 4,130	$ 5,813	$ 12,709
Recognition of remaining compensation expense over a weighted-average period			1 year 4 months 24 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	977	$ 3,099	$ 3,297	$ 9,551
Unrecognized compensation expense related to nonvested restricted stock	$ 5,106		$ 5,106		$ 8,048
Recognition of remaining compensation expense over a weighted-average period			1 year 8 months 12 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, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred tax benefits recognized	$ 214	$ 230	$ 731	$ 1,521
Tax benefits realized for restricted stock and paid dividends	28	56	848	1,360
Fair value of vested restricted stock	$ 0	$ 0	$ 3,793	$ 4,871

Stock-Based Compensation (Subsi

Stock-Based Compensation (Subsidiary Equity Plan) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 1,840	$ 4,130	$ 5,813	$ 12,709
TTIG [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	730	$ 869	2,217	$ 2,651
Unrecognized compensation expense related to nonvested restricted stock and stock options	$ 5,206		$ 5,206		$ 7,876

Commitments and Contingencies -

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

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation		$ 91,350
Unfunded balance		4,931	$ 5,661
Percentage of FIGA assessment levied on collected premium	1%
Amount of FIGA assessments payable		$ 1,226

Related Party Transaction (Addi

Related Party Transaction (Additional Information) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Related Party Transactions [Abstract]
Premium protection reinsurance	$ 1,099

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands					9 Months Ended
	Oct. 26, 2023 USD ($)	Oct. 13, 2023 $ / shares	Oct. 02, 2023 USD ($)	Jul. 03, 2023 $ / shares	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Nov. 03, 2023 USD ($)	Dec. 31, 2022 USD ($)
Subsequent Event [Line Items]
Dividends per common share | $ / shares				$ 0.4
Receivable from maturities of fixed-maturity securities					$ (53,000)	$ 0
Dividends, date of declared				Jul. 03, 2023
Dividends, date of record				Aug. 18, 2023
Dividends, date of paid				Sep. 15, 2023
Unearned premiums					$ 395,827			$ 368,047
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends per common share | $ / shares		$ 0.4
Receivable from maturities of fixed-maturity securities			$ 53,000
Dividends, date of declared		Oct. 13, 2023
Dividends, date of record		Nov. 17, 2023
Dividends, date of paid		Dec. 15, 2023
Net withdrawal from funds held under reinsurance agreement.	$ 13,482
Received payment for reimbursement and fees receivable under TPA service	4,875
Borrowing capacity increased amount							$ 75,000
Line of credit facility capacity available for specific purpose							$ 50,000
Debt-to-capital ratio							0.675
Subsequent Event [Member] | Losses and LAE [Member]
Subsequent Event [Line Items]
Net withdrawal from funds held under reinsurance agreement.	2,310
Subsequent Event [Member] | Claims Handling Fees [Member]
Subsequent Event [Line Items]
Net withdrawal from funds held under reinsurance agreement.	4,875
Subsequent Event [Member] | Ceding Commission [Member]
Subsequent Event [Line Items]
Net withdrawal from funds held under reinsurance agreement.	1,199
Subsequent Event [Member] | Unearned Premiums [Member]
Subsequent Event [Line Items]
Net withdrawal from funds held under reinsurance agreement.	$ 7,496