HCI (HCI) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 01, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Trading Symbol	HCI
Entity Registrant Name	HCI Group, Inc.
Entity Central Index Key	0001400810
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Shares
Security Exchange Name	NYSE
Entity File Number	001-34126
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	20-5961396
Entity Address, Address Line One	3802 Coconut Palm Drive
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33619
City Area Code	813
Local Phone Number	849-9500
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		10,472,741

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Assets
Fixed-maturity securities, available for sale, at fair value (amortized cost: $643,892 and $387,687, respectively and allowance for credit losses: $0 and $0, respectively)		$ 640,242	$ 383,238
Equity securities, at fair value (cost: $49,192 and $44,011 respectively)		53,886	45,537
Limited partnership investments		21,856	23,583
Real estate investments		73,507	67,893
Total investments		789,491	520,251
Cash and cash equivalents (a)	[1]	445,829	536,478
Restricted cash (a)	[1]	3,303	3,287
Receivable from maturities of fixed-maturity securities		500	91,085
Accrued interest and dividends receivable		7,067	3,507
Income taxes receivable (a)	[1]	2,820	0
Deferred income taxes, net		0	512
Premiums receivable, net (allowance: $4,321 and $3,152, respectively) (a)	[1]	58,114	38,037
Assumed premiums receivable (a)	[1]	7,562	19,954
Prepaid reinsurance premiums (a)	[1]	123,955	86,232
Reinsurance recoverable, net of allowance for credit losses:
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)		23,367	19,690
Unpaid losses and loss adjustment expenses (allowance: $66 and $118, respectively)		279,795	330,604
Deferred policy acquisition costs (a)	[1]	52,564	42,910
Property and equipment, net		29,449	29,251
Right-of-use assets - operating leases		1,296	1,407
Intangible assets, net		6,432	7,659
Funds withheld for assumed business		14,353	30,087
Other assets (a)	[1]	65,484	50,365
Total assets		1,911,381	1,811,316
Liabilities and Equity
Losses and loss adjustment expenses (a)	[1]	571,646	585,073
Unearned premiums (a)	[1]	542,839	501,157
Advance premiums (a)	[1]	24,119	15,895
Reinsurance payable on paid losses and loss adjustment expenses		0	3,145
Ceded reinsurance premiums payable (a)	[1]	7,950	8,921
Assumed premiums payable		0	850
Accrued expenses (a)	[1]	27,860	19,722
Income tax payable		8,962	7,702
Deferred income taxes, net (a)	[1]	4,328	0
Revolving credit facility		48,000	0
Long-term debt		184,912	208,495
Lease liabilities - operating leases		1,305	1,408
Other liabilities (a)	[1]	35,426	35,623
Total liabilities		1,457,347	1,387,991
Commitments and contingencies (Note 21)
Redeemable noncontrolling interest (Note 18)		791	96,160
Equity:
Common stock (no par value, 40,000,000 shares authorized, 10,472,741 and 9,738,183 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively)		0	0
Additional paid-in capital		117,968	89,568
Retained income		331,960	238,438
Accumulated other comprehensive loss, net of taxes		(2,579)	(3,163)
Total stockholders’ equity		447,349	324,843
Noncontrolling interests		5,894	2,322
Total equity		453,243	327,165
Total liabilities, redeemable noncontrolling interest and equity		$ 1,911,381	$ 1,811,316
[1] See Note 13 for details of balances associated with consolidated variable interest entity.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Available-for-sale Debt securities, Amortized cost	$ 643,892	$ 387,687
Available-for-sale Debt securities, Allowance for credit losses	0	0
Equity securities, cost	49,192	44,011
Premiums Receivable, Allowance	4,321	3,152
Paid losses and loss adjustments allowance	0	0
Unpaid losses and loss adjustments allowance	$ 66	$ 118
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	10,472,741	9,738,183
Common stock, outstanding	10,472,741	9,738,183

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2024		Jun. 30, 2023
Revenue
Gross premiums earned	$ 263,561	[1]	$ 181,946	[2]	$ 520,205	[3]	$ 362,014	[4]
Premiums ceded	(76,713)		(66,390)		(144,819)		(136,899)
Net premiums earned	186,848		115,556		375,386		225,115
Net investment income	16,881		8,794		30,948		26,509
Net realized investment gains (losses)	212		(230)		212		(1,379)
Net unrealized investment gains	533		897		3,168		1,426
Policy fee income	1,089		1,469		2,108		2,559
Other	682		841		1,037		2,126
Total revenue	206,245		127,327		412,859		256,356
Expenses
Losses and loss adjustment expenses	78,324		61,890		158,246		122,455
Policy acquisition and other underwriting expenses	23,452		22,618		45,591		45,338
General and administrative personnel expenses	17,471		14,272		33,745		27,774
Interest expense	3,452		2,667		6,601		5,468
Other operating expenses	7,520		5,614		15,220		11,919
Total expenses	130,219		107,061		259,403		212,954
Income before income taxes	76,026	[5]	20,266		153,456	[6]	43,402
Income tax expense	18,927		5,384		39,401		10,727
Net income	57,099		14,882		114,055		32,675
Net income attributable to redeemable noncontrolling interests (Note 18)	0		(2,337)		(10,149)		(4,661)
Net income attributable to noncontrolling interests	(3,023)		(102)		(2,219)		(233)
Net income after noncontrolling interests	$ 54,076		$ 12,443		$ 101,687		$ 27,781
Basic earnings per share	$ 5.18		$ 1.45		$ 9.95		$ 3.23
Diluted earnings per share	$ 4.24		$ 1.28		$ 8.04		$ 2.81
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 143,702 from HCPCI and $ 6,655 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 96,875 from HCPCI and $ 4,915 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 292,973 from HCPCI and $ 12,766 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 189,331 from HCPCI and $ 9,450 from a reinsurance company. The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 57,099	$ 14,882	$ 114,055	$ 32,675
Other comprehensive income (loss):
Net unrealized gains (losses) arising during the period	705	(2,263)	757	152
Reclassification adjustment for net realized losses (gains)	10	12	42	750
Net change in unrealized gains (losses)	715	(2,251)	799	902
Deferred income taxes on above change	(179)	571	(200)	2,381
Total other comprehensive income (loss), net of income taxes	536	(1,680)	599	3,283
Comprehensive income	57,635	13,202	114,654	35,958
Comprehensive income attributable to noncontrolling interests	(3,036)	(42)	(2,234)	(348)
Comprehensive income after noncontrolling interests	$ 54,599	$ 13,160	$ 112,420	$ 35,610

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, 2022	$ 161,254			$ 172,482	$ (9,886)	$ 162,596	$ (1,342)
Beginning Balance, shares at Dec. 31, 2022		8,598,682
Ending Balance at Mar. 31, 2023	179,857		$ 332	185,028	(5,098)	180,262	(405)
Ending Balance, shares at Mar. 31, 2023		8,596,673
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)	32,675			32,101		32,101	574
Net income attributable to redeemable noncontrolling interests (Note 18)	(4,661)			(4,320)		(4,320)	(341)
Total other comprehensive income (loss), net of income taxes	3,283				3,168	3,168	115
Issuance of restricted stock, shares		13,000
Forfeiture of restricted stock, shares		(2,420)
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	1,250						1,250
Common stock dividends	(6,869)			(6,869)		(6,869)
Stock-based compensation	2,486		2,486			2,486
Additional paid-in capital shortfall adjustment allocated to retained income			(640)	640
Ending Balance at Jun. 30, 2023	188,634		1,062	194,034	(6,718)	188,378	256
Ending Balance, shares at Jun. 30, 2023		8,594,764
Beginning Balance at Mar. 31, 2023	179,857		332	185,028	(5,098)	180,262	(405)
Beginning Balance, shares at Mar. 31, 2023		8,596,673
Net income (loss)	14,882			14,613		14,613	269
Net income attributable to redeemable noncontrolling interests (Note 18)	(2,337)			(2,170)		(2,170)	(167)
Total other comprehensive income (loss), net of income taxes	(1,680)				(1,620)	(1,620)	(60)
Issuance of restricted stock, shares		7,000
Forfeiture of restricted stock, shares		(295)
Repurchase and retirement of common stock, value	(479)		(479)			(479)
Repurchase and retirement of common stock, shares		(8,614)
Dilution from subsidiary stock-based compensation	619						619
Common stock dividends	(3,437)			(3,437)		(3,437)
Stock-based compensation	1,209		1,209			1,209
Ending Balance at Jun. 30, 2023	188,634		1,062	194,034	(6,718)	188,378	256
Ending Balance, shares at Jun. 30, 2023		8,594,764
Beginning Balance at Dec. 31, 2023	327,165		89,568	238,438	(3,163)	324,843	2,322
Beginning Balance, shares at Dec. 31, 2023		9,738,183
Ending Balance at Mar. 31, 2024	397,870		116,728	282,056	(3,102)	395,682	2,188
Ending Balance, shares at Mar. 31, 2024		10,276,463
Beginning Balance at Dec. 31, 2023	327,165		89,568	238,438	(3,163)	324,843	2,322
Beginning Balance, shares at Dec. 31, 2023		9,738,183
Net income (loss)	114,055			111,161		111,161	2,894
Net income attributable to redeemable noncontrolling interests (Note 18)	(10,149)			(9,474)		(9,474)	(675)
Total other comprehensive income (loss), net of income taxes	599				584	584	15
Cashless exercise of common stock warrants		155,049
Issuance of restricted stock, shares		204,500
Forfeiture of restricted stock, shares		(3,700)
Repurchase and retirement of common stock, value	(1,036)		(1,036)			(1,036)
Repurchase and retirement of common stock, shares		(10,378)
Conversion of senior notes to common stock, shares		389,087
Conversion of senior notes to common stock	23,449		23,449			23,449
Dilution from subsidiary stock-based compensation	1,265						1,265
Common stock dividends	(8,165)			(8,165)		(8,165)
Stock-based compensation	2,601		2,601			2,601
Deemed Dividend From Warrant Modification	3,386		3,386			3,386
Subscriber surplus contribution	73						73
Ending Balance at Jun. 30, 2024	453,243		117,968	331,960	(2,579)	447,349	5,894
Ending Balance, shares at Jun. 30, 2024		10,472,741
Beginning Balance at Mar. 31, 2024	397,870		116,728	282,056	(3,102)	395,682	2,188
Beginning Balance, shares at Mar. 31, 2024		10,276,463
Net income (loss)	57,099			54,076		54,076	3,023
Net income attributable to redeemable noncontrolling interests (Note 18)	0
Total other comprehensive income (loss), net of income taxes	536				523	523	13
Issuance of restricted stock, shares		204,500
Forfeiture of restricted stock, shares		(3,500)
Repurchase and retirement of common stock, value	(480)		(480)			(480)
Repurchase and retirement of common stock, shares		(4,722)
Dilution from subsidiary stock-based compensation	597						597
Common stock dividends	(4,172)			(4,172)		(4,172)
Stock-based compensation	1,720		1,720			1,720
Subscriber surplus contribution	73						73
Ending Balance at Jun. 30, 2024	$ 453,243		$ 117,968	$ 331,960	$ (2,579)	$ 447,349	$ 5,894
Ending Balance, shares at Jun. 30, 2024		10,472,741

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Common stock dividends	$ 0.4	$ 0.4	$ 0.8	$ 0.8
Debt instrument stated interest rate	4.25%	4.25%	4.25%	4.25%

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income after noncontrolling interests	$ 101,687	$ 27,781
Net income attributable to noncontrolling interests	12,368	4,894
Net income	114,055	32,675
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	3,958	3,973
Net accretion of discount on investments in fixed-maturity securities	(2,436)	(1,671)
Depreciation and amortization	(46)	4,229
Deferred income tax expense	4,640	3,810
Net realized investment (gains) losses	(212)	1,379
Net unrealized investment gains	(3,168)	(1,426)
Credit loss expense - reinsurance recoverable	(52)	(102)
Net income from limited partnership interests	(85)	(542)
Distributions received from limited partnership interests	626	421
Loss on extinguishment of debt	0	177
Gain on sales of real estate investments	0	(8,936)
Foreign currency remeasurement loss (gain)	31	(1)
Other non-cash items	332	87
Changes in operating assets and liabilities:
Accrued interest and dividends receivable	(3,560)	(338)
Income taxes	(1,560)	3,017
Premiums receivable, net	(20,077)	(5,308)
Assumed premiums receivable	12,392	0
Prepaid reinsurance premiums	(37,723)	(48,035)
Reinsurance recoverable	47,184	137,770
Deferred policy acquisition costs	(9,654)	415
Funds withheld for assumed business	15,734	3,005
Other assets	(15,082)	(14,614)
Losses and loss adjustment expenses	(13,427)	(114,810)
Unearned premiums	41,682	17,823
Advance premiums	8,224	8,250
Assumed reinsurance balances payable	(850)	0
Reinsurance payable on paid losses and loss adjustment expenses	(3,145)	(1,563)
Reinsurance recovered in advance on unpaid losses	0	(19,863)
Ceded reinsurance premiums payable	(971)	(12,255)
Accrued expenses and other liabilities	16,175	18,377
Net cash provided by operating activities	152,985	5,944
Cash flows from investing activities:
Investments in limited partnership interests	(1,106)	0
Return of excess investments in limited partnership interests	0	112
Distributions received from limited partnership interests	2,292	2,596
Distribution received from unconsolidated joint venture	0	18
Purchase of property and equipment	(2,039)	(2,762)
Purchase of real estate investments	(9,909)	(744)
Purchase of fixed-maturity securities	(494,390)	(227,540)
Purchase of equity securities	(12,048)	(10,271)
Purchase of short-term and other investments	0	(81)
Proceeds from sales of real estate investments	0	21,746
Proceeds from sales of fixed-maturity securities	7,646	12,083
Proceeds from calls, repayments and maturities of fixed-maturity securities	323,568	258,207
Proceeds from sales of equity securities	6,553	6,277
Proceeds from sales, redemptions and maturities of short-term and other investments	0	34
Net cash (used in) provided by investing activities	(179,433)	59,675
Cash flows from financing activities:
Cash dividends paid	(8,165)	(6,869)
Cash dividends paid to redeemable noncontrolling interest	(2,923)	(3,012)
Net borrowing under revolving credit facility	48,000	0
Proceeds from issuance of long-term debt	0	12,000
Net surplus contribution from subscribers	864	0
Repayment of long-term debt	(256)	(328)
Redemption of long-term debt	(466)	(6,895)
Repurchases of common stock	(1,037)	(784)
Redemption of redeemable noncontrolling interests	(100,000)	0
Purchase of noncontrolling interests	(92)	(237)
Debt issuance costs	(99)	(277)
Net cash used in financing activities	(64,174)	(6,402)
Effect of exchange rate changes on cash	(11)	(2)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(90,633)	59,215
Cash, cash equivalents, and restricted cash at beginning of period	539,765	237,763
Cash, cash equivalents, and restricted cash at end of period	449,132	296,978
Supplemental disclosure of cash flow information:
Cash paid for income taxes	37,818	3,958
Cash paid for interest	5,680	4,370
Non-cash investing and financing activities:
Unrealized gain on investments in available-for-sale securities, net of tax	599	3,283
Conversion of 4.25% Convertible Senior Notes	23,450	0
Sale of real estate investments:
Contingent consideration receivable	0	125
Long-term debt obligations assumed by the buyer	0	8,995
Receivable from sales of equity securities	189	488
Receivable from maturities of fixed-maturity securities	500	0
Payable on purchases of equity securities	0	757
Payable on purchases of fixed-maturity securities	$ 50	$ 0

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Debt instrument stated interest rate	4.25%	4.25%

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 30, 2024
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 and other insurance-related businesses. The Company also provides an attorney-in-fact (“AIF”) service. The Company's subsidiary, Core Risk Managers, LLC (“CRM”), serves as the AIF for Condo Owners Reciprocal Exchange (“CORE”), a reciprocal insurance exchange owned by its policyholders. Although the Company does not have any equity interest in CORE, the Company is required to consolidate CORE as its primary beneficiary. See Note 13 -- “Variable Interest Entity” for additional information. In addition, Greenleaf Capital, LLC, the Company’s real estate subsidiary, is primarily engaged in the business of owning and leasing real estate and operating marina facilities. Assumed Business Citizens Assumption During the second quarter of 2024, the Company continued to participate in a take-out program through which the Company assumed insurance policies held by Citizens Property Insurance Corporation (“Citizens”), a Florida state-supported insurer. During the three and six months ended June 30, 2024 , approximately 300 and 10,100 policies, respectively, were assumed by TypTap and CORE. These policies represent approximately $ 120,100 in annualized premiums written.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 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, 2024. 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, 2023 included in the Company’s Form 10-K, which was filed with the SEC on March 8, 2024. 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 six months ended June 30, 2024 , revenues from claims processing services were $ 0 in each period. For the three and six months ended June 30, 2023 , revenues from claims processing services were $ 177 and $ 704 , respectively. Redeemable Noncontrolling Interests Redeemable noncontrolling interests represent economic interests in TTIG and CORE not held by HCI. They are presented in the temporary equity (mezzanine) section of the consolidated balance sheets. TTIG The interest in TTIG contains rights in dividends, voting, conversion, participation, liquidation preference and redemption. The redemption feature is not solely within the control of TTIG. The interest is initially recorded at fair value and is decreased by related issuance costs. The fair value is estimated using a residual fair value approach. The effect of increasing dividend rates is accreted to the redeemable noncontrolling interest with a corresponding reduction in retained income. The effective interest method is used for accretion over the period of the increasing dividend rates. The carrying value of the interest is also subsequently adjusted for accrued dividends and dividend payments. The Company has an option to pay the dividends in cash or make a payment-in-kind. The dividends are accrued monthly assuming they will be settled in cash. When the interest is probable of becoming redeemable, the Company elects to recognize changes in the redemption value immediately as it occurs and adjusts the carrying value of the interest to the maximum redemption value which is the higher of the redemption price or fair market value at the reporting date. Such changes in the redemption value are treated as dividends when calculating income available to common stockholders. CORE The interest in CORE represents a refundable portion of CORE’s subscriber surplus contributions. CORE, a reciprocal insurance exchange, collects surplus contributions in addition to policy premiums from its policyholders referred to as subscribers. The purpose of the surplus contribution is to support CORE’s financial strength and lower CORE’s cost of capital. The surplus contribution made during a policy term may be returned on a pro-rata basis to a subscriber in the event of policy cancellation. As the term of an insurance policy progresses, a portion of the surplus contribution is reclassified from the redeemable noncontrolling interest to the noncontrolling interest. Noncontrolling Interests The Company has noncontrolling interests attributable to TTIG and CORE. A noncontrolling interest arises when the Company has less than 100 % of the voting rights and economic interests in a subsidiary or a consolidated variable interest entity. The noncontrolling interest in TTIG is periodically adjusted for the expensing of TTIG’s stock-based awards granted to its employees, the interest’s share of TTIG’s net income or loss attributable to common stockholders and the change in other comprehensive income or loss. The noncontrolling interest in CORE is periodically adjusted for the interest’s share of CORE’s net income or loss attributable to common stockholders and the reclassification of surplus contributions from refundable to nonrefundable amount.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Restricted Cash	Note 3 -- Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. June 30, December 31, 2024 2023 Cash and cash equivalents $ 445,829 $ 536,478 Restricted cash 3,303 3,287 Total $ 449,132 $ 539,765 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 to a non-affiliate, $ 87 of restricted cash was deposited in escrow in March 2023 and released in February 2024 as post-sale conditions were met.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Note 4 -- Investments a) Available-for-Sale Fixed-Maturity Securities The Company holds investments in fixed-maturity securities that are classified as available-for-sale. At June 30, 2024 and December 31, 2023, the cost or amortized cost, allowance for credit loss, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows: Cost or Allowance Gross Gross Estimated Cost Loss Gain Loss Value As of June 30, 2024 U.S. Treasury and U.S. government agencies $ 612,692 $ — $ 284 $ ( 2,999 ) $ 609,977 Corporate bonds 30,705 — 35 ( 948 ) 29,792 Exchange-traded debt 495 — — ( 22 ) 473 Total $ 643,892 $ — $ 319 $ ( 3,969 ) $ 640,242 As of December 31, 2023 U.S. Treasury and U.S. government agencies $ 359,630 $ — $ 224 $ ( 3,800 ) $ 356,054 Corporate bonds 27,563 — 116 ( 975 ) 26,704 Exchange-traded debt 494 — — ( 14 ) 480 Total $ 387,687 $ — $ 340 $ ( 4,789 ) $ 383,238 Expected maturities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without penalties. The scheduled contractual maturities of fixed-maturity securities as of June 30, 2024 and December 31, 2023 are as follows: June 30, 2024 December 31, 2023 Cost or Estimated Cost or Estimated Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale Due in one year or less $ 232,194 $ 229,497 $ 234,992 $ 234,025 Due after one year through five years 408,367 407,792 148,935 145,758 Due after five years through ten years 2,837 2,480 3,266 2,974 Due after ten years 494 473 494 481 $ 643,892 $ 640,242 $ 387,687 $ 383,238 Securities on Deposit The fair value of fixed-maturity securities on deposit with various regulatory authorities at June 30, 2024 and December 31, 2023 was $ 1,776 and $ 1,660 , 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 six months ended June 30, 2024 and 2023 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2024 $ 1,616 $ 1 $ ( 11 ) Three months ended June 30, 2023 $ 1,023 $ — $ ( 12 ) Six months ended June 30, 2024 $ 7,646 $ 13 $ ( 55 ) Six months ended June 30, 2023 $ 12,083 $ — $ ( 750 ) Gross Unrealized Losses for Available-for-Sale Fixed-Maturity Securities Securities with gross unrealized loss positions at June 30, 2024 and December 31, 2023, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows: Less Than Twelve Months Twelve Months or Longer Total Gross Estimated Gross Estimated Gross Estimated Unrealized Fair Unrealized Fair Unrealized Fair As of June 30, 2024 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 351 ) $ 279,112 $ ( 2,648 ) $ 131,989 $ ( 2,999 ) $ 411,101 Corporate bonds ( 32 ) 6,291 ( 916 ) 19,910 ( 948 ) 26,201 Exchange-traded debt ( 22 ) 473 — — ( 22 ) 473 Total available-for-sale securities $ ( 405 ) $ 285,876 $ ( 3,564 ) $ 151,899 $ ( 3,969 ) $ 437,775 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, 2023 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 22 ) $ 3,464 $ ( 3,778 ) $ 181,463 $ ( 3,800 ) $ 184,927 Corporate bonds ( 8 ) 1,941 ( 967 ) 19,418 ( 975 ) 21,359 Exchange-traded debt ( 14 ) 481 — — ( 14 ) 481 Total available-for-sale securities $ ( 44 ) $ 5,886 $ ( 4,745 ) $ 200,881 $ ( 4,789 ) $ 206,767 At June 30, 2024 and December 31, 2023 , there were 93 and 65 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 wa s no balance or activity in th e allowance for credit losses of available-for-sale fixed-maturity securities during the three and six months ended June 30, 2024 and 2023. b) Equity Securities The Company holds investments in equity securities measured at fair values which are readily determinable. At June 30, 2024 and December 31, 2023, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows: Gross Gross Estimated Cost Gain Loss Value June 30, 2024 $ 49,192 $ 6,708 $ ( 2,014 ) $ 53,886 December 31, 2023 $ 44,011 $ 3,945 $ ( 2,419 ) $ 45,537 The table below presents the portion of unrealized gains and losses in the Company’s consolidated statements of income related to equity securities still held. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net gains recognized $ 755 $ 730 $ 3,422 $ 844 Exclude: Net realized gains (losses) 222 ( 167 ) 254 ( 582 ) Net unrealized gains recognized $ 533 $ 897 $ 3,168 $ 1,426 Sales of Equity Securities Proceeds received, and the gross realized gains and losses from sales of equity securities, for the three and six months ended June 30, 2024 and 2023 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2024 $ 3,037 $ 389 $ ( 167 ) Three months ended June 30, 2023 $ 2,523 $ 85 $ ( 252 ) Six months ended June 30, 2024 $ 6,553 $ 562 $ ( 308 ) Six months ended June 30, 2023 $ 6,277 $ 102 $ ( 684 ) c) Limited Partnership Investments The Company has interests in limited partnerships that are not registered or readily tradeable on a securities exchange. These partnerships are private equity funds managed by general partners who make decisions with regard to financial policies and operations. As such, the Company is not the primary beneficiary and does not consolidate these partnerships. The following table provides information related to the Company’s investments in limited partnerships: June 30, 2024 December 31, 2023 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 2,742 $ — 15.37 $ 3,295 $ — 15.37 Value creation through active distressed debt 1,866 — 1.26 2,271 — 1.25 High returns and long-term capital appreciation 3,064 — 0.17 3,400 — 0.18 Value-oriented investments in less liquid and 2,578 — 0.55 3,306 — 0.55 Value-oriented investments in mature real 6,797 2,543 1.32 7,590 2,543 1.32 Risk-adjusted returns on credit and equity 4,809 810 0.55 3,721 1,662 0.55 Total $ 21,856 $ 3,353 $ 23,583 $ 4,205 (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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating results: Total income $ 16,173 $ ( 144,193 ) $ 19,239 $ 38,167 Total expenses ( 17,675 ) ( 24,840 ) ( 43,276 ) ( 27,097 ) Net (loss) income $ ( 1,502 ) $ ( 169,033 ) $ ( 24,037 ) $ 11,070 June 30, December 31, 2024 2023 Balance sheet: Total assets $ 4,101,810 $ 4,072,501 Total liabilities $ 202,337 $ 220,525 For the three and six months ended June 30, 2024 , the Company recognized net investment loss of $ 110 and net investment income of $ 85 , respectively . During the three and six months ended June 30, 2024 , the Company received total cash distributions of $ 2,756 and $ 2,918 , respectively, including returns on investment of $ 626 . For the three months ended June 30, 2023 , the Company recognized net investment loss of $ 11 . For the six months ended June 30, 2023 , the Company recognized net investment income of $ 542 . During the three and six months ended June 30, 2023 , the Company received total cash distributions of $ 1,112 and $ 3,017 , respectively, including returns on investment of $ 118 and $ 421 , respectively. At June 30, 2024 and December 31, 2023 , the Company’s net cumulative contributed capital to the partnerships at each respective balance sheet date totaled $ 22,160 and $ 23,346 , respectively, and the Company’s maximum exposure to loss aggregated $ 21,856 and $ 23,583 , respectively. d) Real Estate Investments Real estate investments consist of the following as of June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 Land $ 42,272 $ 42,272 Land improvements 4,842 4,387 Buildings and building improvements 18,593 18,594 Tenant and leasehold improvements 2,265 1,869 Other 12,480 7,168 Total, at cost 80,452 74,290 Less: accumulated depreciation and amortization ( 6,945 ) ( 6,397 ) Real estate investments $ 73,507 $ 67,893 Depreciation and amortization expense related to real estate investments was $ 279 and $ 228 for the three months ended June 30, 2024 and 2023 , respectively, and $ 548 and $ 681 for the six months ended June 30, 2024 and 2023, respectively. e) Net Investment Income Net investment income (loss), by source, is summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Available-for-sale fixed-maturity securities $ 6,020 $ 5,120 $ 10,848 $ 9,155 Equity securities 511 378 952 674 Investment expense ( 141 ) ( 125 ) ( 220 ) ( 254 ) Limited partnership investments ( 110 ) ( 11 ) 85 542 Real estate investments 3,783 270 5,276 9,563 Cash and cash equivalents 6,818 3,162 14,007 6,829 Net investment income $ 16,881 $ 8,794 $ 30,948 $ 26,509 In connection with the purchase of commercial real estate in Tampa, Florida in December 2023, the Company leased the property back to the seller for a lease term expiring on December 31, 2024. The lease was considered to be at a below market rate. The value of the below market lease was recognized as deferred rent and amortized to rental income over the lease term. In June 2024, the tenant occupying the property under a sublease agreement with the seller vacated the property. As a result, the Company derecognized the remaining deferred rent to rental income. For the three and six months ended June 30, 2024 , income from real estate investments included rental income of $ 2,497 resulting from such derecognition of deferred rent. For the six months ended June 30, 2023 , income from real estate investments included a net realized 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 realized gain of $ 2,460 resulting from the sale of retail shopping center investment property in Sorrento, Florida in March 2023 for a price of $ 13,418 . f) Other Investments From time to time, the Company may invest in financial assets other than stocks, mutual funds, and bonds. For the three and six months ended June 30, 2024 , net realized gains related to other investments were $ 0 in each period. For the three and six months ended June 30, 2023 , net realized losses were $ 51 and $ 47 , respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Comprehensive Income (Loss)	Note 5 -- Comprehensive Income (Loss) Comprehensive income (loss) includes net income and other comprehensive income or loss, which for the Company includes changes in unrealized gains or losses of 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 June 30, 2024 June 30, 2023 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains (losses) $ 705 $ 177 $ 528 $ ( 2,263 ) $ ( 574 ) $ ( 1,689 ) Reclassification adjustment for net 10 2 8 12 3 9 Total other comprehensive income $ 715 $ 179 $ 536 $ ( 2,251 ) $ ( 571 ) $ ( 1,680 ) Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains $ 757 $ 190 $ 567 $ 152 $ ( 2,571 ) $ 2,723 Reclassification adjustment for net 42 10 32 750 190 560 Total other comprehensive income $ 799 $ 200 $ 599 $ 902 $ ( 2,381 ) $ 3,283

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 6 -- Fair Value Measurements The Company records and discloses certain financial assets at their estimated fair values. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as follows: Level 1 – Unadjusted quoted prices in active markets for identical assets. Level 2 – Other inputs that are observable for the asset, either directly or indirectly such as quoted prices for identical assets that are not observable throughout the full term of the asset. Level 3 – Inputs that are unobservable. Valuation Methodology Cash and Cash Equivalents Cash and cash equivalents primarily consist of money-market funds and certificates of deposit maturing within 90 days. Their carrying value approximates fair value due to the short maturity and high liquidity of these funds. Restricted Cash Restricted cash represents cash held by state authorities and the carrying value approximates fair value. Fixed-Maturity and Equity Securities Estimated fair values of the Company’s fixed-maturity and equity securities are determined in accordance with U.S. GAAP, using valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Fair values are generally measured using quoted prices in active markets for identical securities or other inputs that are observable either directly or indirectly, such as quoted prices for similar securities. In those instances where observable inputs are not available, fair values are measured using unobservable inputs. Unobservable inputs reflect the Company’s own assumptions about the assumptions that market participants would use in pricing the security and are developed based on the best information available in the circumstances. Fair value estimates derived from unobservable inputs are significantly affected by the assumptions used, including the discount rates and the estimated amounts and timing of future cash flows. The derived fair value estimates cannot be substantiated by comparison to independent markets and are not necessarily indicative of the amounts that would be realized in a current market exchange. The estimated fair values for securities that do not trade on a daily basis are determined by management, utilizing prices obtained from an independent pricing service and information provided by brokers, which are level 2 inputs. Management reviews the assumptions and methods utilized by the pricing service and then compares the relevant data and pricing to broker-provided data. The Company gains assurance of the overall reasonableness and consistent application of the assumptions and methodologies, and compliance with accounting standards for fair value determination through ongoing monitoring of the reported fair values. Revolving Credit Facility From time to time, the Company has an amount outstanding under a revolving credit facility. The interest rate is variable and is periodically adjusted based on the 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 * Quoted price 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 2024. See Note 10 -- “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 June 30, 2024 and December 31, 2023: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of June 30, 2024 Financial Assets: Cash and cash equivalents $ 445,829 $ — $ — $ 445,829 Restricted cash $ 3,303 $ — $ — $ 3,303 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 602,042 $ 7,935 $ — $ 609,977 Corporate bonds 23,339 6,453 — 29,792 Exchange-traded debt 473 — — 473 Total available-for-sale securities $ 625,854 $ 14,388 $ — $ 640,242 Equity securities $ 53,886 $ — $ — $ 53,886 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2023 Financial Assets: Cash and cash equivalents $ 536,478 $ — $ — $ 536,478 Restricted cash $ 3,287 $ — $ — $ 3,287 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 348,145 $ 7,909 $ — $ 356,054 Corporate bonds 20,267 6,437 — 26,704 Exchange-traded debt 480 — — 480 Total available-for-sale securities $ 368,892 $ 14,346 $ — $ 383,238 Equity securities $ 45,537 $ — $ — $ 45,537 Liabilities Carried at Other Than Fair Value The following tables present fair value information for financial liabilities that are carried on the consolidated balance sheets at amounts other than fair value as of June 30, 2024 and December 31, 2023: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of June 30, 2024 Financial Liabilities: Revolving credit facility $ 48,000 $ — $ 48,000 $ — $ 48,000 Long-term debt: 4.75 % Convertible Senior Notes $ 168,806 $ — $ 224,909 $ — $ 224,909 5.50 % Promissory Note 11,600 — — 11,290 11,290 4.55 % Promissory Note 4,504 — — 4,180 4,180 Total long-term debt $ 184,910 $ — $ 224,909 $ 15,470 $ 240,379 Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of December 31, 2023 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 168,230 $ — $ 215,114 $ — $ 215,114 4.25 % Convertible Senior Notes 23,916 — 34,545 — 34,545 5.50 % Promissory Note 11,707 — — 11,512 11,512 4.55 % Promissory Note 4,640 — — 4,349 4,349 Total long-term debt $ 208,493 $ — $ 249,659 $ 15,861 $ 265,520

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Note 7 -- Intangible Assets, Net The Company’s intangible assets, net consist of the following: June 30, December 31, 2024 2023 In-place leases (a) 2,220 2,221 Policy renewal rights - United 10,100 10,100 Non-compete agreements - United (b) 314 314 Total, at cost 12,634 12,635 Less: accumulated amortization ( 6,202 ) ( 4,976 ) Intangible assets, net $ 6,432 $ 7,659 (a) Amortization related to the Haines City property is expected to start in November 2024. (b) Fully amortized. The remaining weighted-average amortization periods for the intangible assets as of June 30, 2024 are summarized in the table below: In-place leases 18.2 years Policy renewal rights - United 1.8 years At June 30, 2024 and December 31, 2023, 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	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Note 8 -- Other Assets The following table summarizes the Company’s other assets: June 30, December 31, 2024 2023 Benefits receivable related to retrospective reinsurance contract $ 58,275 $ 44,289 Reimbursement and fees receivable under TPA services — 629 Prepaid expenses 4,296 2,882 Deposits 401 409 Lease acquisition costs, net 849 833 Other 1,663 1,323 Total other assets $ 65,484 $ 50,365 During the three and six months ended June 30, 2024 , the Company recognized credit loss expense of $ 351 related to the reimbursement and fees receivable under TPA services.

Revolving Credit Facility

Revolving Credit Facility	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 9 -- Revolving Credit Facility At June 30, 2024, the Company h ad $ 48,000 outstanding under the credit facility, which was used to partially fund the redemption of the TTIG Series A Preferred Stock held by Centerbridge Partners, L.P. (“Centerbridge”) on January 22, 2024. See Note 18 -- “Redeemable Noncontrolling Interest” for additional information. For the three months ended June 30, 2024 and 2023, interest expense was $ 892 a nd $ 23 , respectively, includi ng $ 15 a nd $ 22 of amortization of issuance costs, respectively. For the six months ended June 30, 2024 and 2023 , interest expense was $ 1,630 and $ 48 , respectively, including $ 30 and $ 47 of amortization of issuance costs, respectively. At June 30, 2024, the Company was in compliance with all required covenants and had available borrowing capacity of $ 27,000 .

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Note 10 -- Long-Term Debt The following table summarizes the Company’s long-term debt: June 30, December 31, 2024 2023 4.75 % Convertible Senior Notes, due June 1, 2042 $ 172,500 $ 172,500 4.25 % Convertible Senior Notes, due March 1, 2037 (a) — 23,916 4.55 % Promissory Note, due through August 1, 2036 4,561 4,700 5.50 % Promissory Note, due through July 1, 2033 11,790 11,906 Finance lease liabilities, due through October 15, 2024 1 2 Total principal amount 188,852 213,024 Less: unamortized issuance costs ( 3,940 ) ( 4,529 ) Total long-term debt $ 184,912 $ 208,495 (a) Notes converted or redeemed during the first quarter of 2024 The following table summarizes future maturities of long-term debt as of June 30, 2024 , which takes into consideration the assumption that the 4.75 % Convertible Senior Notes are repurchased at their next earliest call date: Due in 12 months following June 30, 2024 $ 530 2025 556 2026 585 2027 173,114 2028 646 Thereafter 13,421 Total $ 188,852 Information with respect to interest expense related to long-term debt is as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Interest Expense: Contractual interest $ 2,264 $ 2,367 $ 4,382 $ 4,864 Non-cash expense (b) 296 277 589 556 Total $ 2,560 $ 2,644 $ 4,971 $ 5,420 (b) Includes amortization of debt issuance costs. 4.25% Convertible Senior Notes During the first quarter of 2024, the Company notified the holders of its outstanding 4.25 % Convertible Senior Notes due 2037 that the Company had elected to redeem the remaining $ 23,916 principal balance of the 4.25 % Convertible Senior Notes. As a result of this notice, the 4.25 % Convertible Senior Notes became immediately convertible into the Company’s common shares, with a redemption date of March 15, 2024. The conversion rate of the Company’s 4.25 % Convertible Senior Notes was 16.5892 shares of common stock for each $ 1 in principal amount, which was the equivalent of approximately $ 60.25 per share. The Company converted $ 23,450 in aggregate principal of 4.25 % Convertible Senior Notes for aggregate consideration of 389,087 shares of HCI’s common stock plus $ 1 cash consideration in lieu of fractional shares. The remaining 4.25 % Convertible Senior Notes were redeemed for $ 466 on March 15, 2024. 4.75% Convertible Senior Notes The conversion rate of the 4.75 % Convertible Senior Notes is currently 12.4166 shares of common stock for each $1 in principal amount, which is the equivalent of approximately $ 80.54 per share. The effective interest rate for the 4.75 % Convertible Senior Notes, taking into account both cash and non-cash components, approximates 5.6 %. Had a 20-year term been used for the amortization of the issuance costs of the 4.75 % Convertible Senior Notes, the annual effective interest rate charged to earnings would have decreased to approximately 5.0 %. As of June 30, 2024 , the remaining amortization period of the debt issuance costs was expected to be 2.92 years.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Reinsurance	Note 11 -- Reinsurance Reinsurance obtained from other insurance companies The Company cedes a portion of its homeowners’ insurance exposure to other entities under catastrophe excess of loss reinsurance contracts and a portion of its flood insurance exposure under one quota share reinsurance agreement. Ceded premiums under most catastrophe excess of loss reinsurance contracts are subject to revision resulting from subsequent adjustments in total insured value. Under the terms of the quota share reinsurance agreement, the Company is entitled to a 30 % ceding commission on ceded premiums written and a profit commission equal to 10 % of net profit. The Company remains liable for claims payments in the event that any reinsurer is unable to meet its obligations under the reinsurance agreements. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. The Company contracts with a number of reinsurers to secure its annual reinsurance coverage, which generally becomes effective June 1 st of each year. The Company purchases reinsurance each year taking into consideration probable maximum losses and reinsurance market conditions. The impact of the reinsurance contracts on premiums written and earned is as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Premiums Written: Direct $ 284,289 $ 179,983 $ 496,184 $ 387,406 Assumed 22,613 — 65,704 ( 7,569 ) Gross written 306,902 179,983 561,888 379,837 Ceded ( 76,713 ) ( 66,390 ) ( 144,819 ) ( 136,899 ) Net premiums written $ 230,189 $ 113,593 $ 417,069 $ 242,938 Premiums Earned: Direct $ 201,791 $ 181,946 $ 391,466 $ 354,851 Assumed 61,770 — 128,739 7,163 Gross earned 263,561 181,946 520,205 362,014 Ceded ( 76,713 ) ( 66,390 ) ( 144,819 ) ( 136,899 ) Net premiums earned $ 186,848 $ 115,556 $ 375,386 $ 225,115 During the three and six months ended June 30, 2024 , the Company recognized ceded losses of $ 2,672 in each period as reductions in losses and loss adjustment expenses. During the three and six months ended June 30, 2023 , the Company recognized ceded losses of $ 1,109 and $ 3,860 , respectively, as reductions in losses and loss adjustment expenses. At June 30, 2024 and December 31, 2023 , there were 44 and 33 reinsurers, respectively, participating in the Company’s reinsurance program. Total net amounts recoverable and receivable from reinsurers at June 30, 2024 and December 31, 2023 were $ 303,162 and $ 350,294 , respectively. Approximately 71.4 % of the reinsurance recoverable balance at June 30, 2024 was receivable from six reinsurers. Based on all available information considered in the rating-based method, the Company recognize d decreases in credit loss expense of $ 3 and $ 52 for the three and six months ended June 30, 2024, respectively. For the three and six months ended June 30, 2023 , the Company recognized decreases in credit loss expense of $ 101 and $ 102 , respectively. Allowances for credit losses related to the reinsurance recoverable balance were $ 66 and $ 118 at June 30, 2024 and December 31, 2023, respectively. One of the existing reinsurance contracts includes retrospective provisions that adjust premiums in the event losses are minimal or zero. For the three and six months ended June 30, 2024 , the Company recognized reductions in premiums ceded of $ 6,993 and $ 13,986 , respectively, related to these adjustments in the consolidated statements of income. For the three and six months ended June 30, 2023 , the Company recognized reductions in premiums ceded of $ 6,993 and $ 13,986 , respectively. See Note 21 -- “Commitments and Contingencies” for additional information. Amounts receivable pursuant to retrospective provisions are reflected in other assets. At June 30, 2024 and December 31, 2023 , other assets included $ 58,275 and $ 44,289 , 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 United From 2021 to 2022, the Company, through HCPCI and TypTap, provided quota share reinsurance on all in-force, new and renewal policies issued by United Property & Casualty Insurance Company, an insurance subsidiary of United Insurance Holdings Corporation (“United”), in the states of Connecticut, New Jersey, Massachusetts, and Rhode Island (collectively “Northeast Region”). From 2022 to 2023, the Company’s insurance subsidiaries also provided quota share reinsurance on all of United’s personal lines insurance business in the states of Georgia, North Carolina, and South Carolina (collectively “Southeast Region”). In conjunction with these reinsurance agreements, the Company entered into renewal rights agreements with United which provided the Company with the right to renew and/or replace United’s insurance policies at the end of their respective policy periods. In February 2023, United’s Florida-domiciled residential insurance subsidiary was placed into receivership by the State of Florida due to its financial insolvency and, as a result, the Company ceased providing quota share reinsurance on United policies. The majority of the policies under these reinsurance agreements have been renewed and/or replaced by the Company. At June 30, 2024 and December 31, 2023 , the Company had a net balance of $ 582 due to United related to the Northeast Region, representing ceding commission payable. For the three and six months ended June 30, 2023 , $ 0 and $ 7,569 , respectively, of assu med 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. At June 30, 2024 , the Company had a net balance of $ 1,438 due to United related to the Southeast Region, consisting of premiums payable of $ 1,712 offset by ceding commission receivable of $ 274 . At December 31, 2023 , the Company had a net balance of $ 4,203 due to United related to the Southeast Region, consisting of premiums payable of $ 1,712 and payable on paid losses and loss adjustment expenses of $ 2,765 , offset by ceding commission receivable of $ 274 . At June 30, 2024 , the Company had a net amount due to United of $ 2,020 and funds withheld for assumed business in trust accounts totaling $ 14,353 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. At June 30, 2024 and December 31, 2023 , the balance of funds withheld for assumed business related to the Company’s quota share reinsurance agreements with United was $ 14,353 and $ 30,087 , respectively. Citizens Assumption Assumed premiums written related to Citizens policies were $ 22,613 and $ 65,704 for the three and six months ended June 30, 2024 , respectively, in comparison with $ 0 for the three and six months ended June 30, 2023 .

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Losses and Loss Adjustment Expenses	Note 12 -- Losses and Loss Adjustment Expenses The liability for losses and loss adjustment expenses (“LAE”) is determined on an individual case basis for all claims reported. The liability also includes amounts for unallocated expenses, anticipated future 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 Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net balance, beginning of period* $ 273,425 $ 246,051 $ 254,351 $ 246,546 Incurred, net of reinsurance, related to: Current period 73,506 60,968 153,428 117,666 Prior periods 4,818 922 4,818 4,789 Total incurred, net of reinsurance 78,324 61,890 158,246 122,455 Paid, net of reinsurance, related to: Current period ( 31,771 ) ( 27,105 ) ( 49,560 ) ( 38,215 ) Prior periods ( 28,193 ) ( 37,250 ) ( 71,252 ) ( 87,200 ) Total paid, net of reinsurance ( 59,964 ) ( 64,355 ) ( 120,812 ) ( 125,415 ) Net balance, end of period 291,785 243,586 291,785 243,586 Add: reinsurance recoverable before allowance for 279,861 505,369 279,861 505,369 Gross balance, end of period $ 571,646 $ 748,955 $ 571,646 $ 748,955 * Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE. The establishment of loss and LAE reserves is an inherently uncertain process and changes in loss and LAE reserve estimates are expected as these estimates are subject to the outcome of future events. Changes in estimates, or differences between estimates and amounts ultimately paid, are reflected in the operating results of the period during which such estimates are adjusted. During the three and six months ended June 30, 2024, the Company recognized losses related to prior periods of $ 4,818 in each period, primarily to increase reserves in response to litigation. Losses and LAE for the three and six months ended June 30, 2024 included net estimated losses of approximately $ 16,782 and $ 38,460 , respectively, related to Citizens policies assumed. Excluding Citizens-related losses, lower losses and LAE for the three and six months ended June 30, 2024 primarily resulted from a decrease in claims and litigation related to Florida policies.

Variable Interest Entity

Variable Interest Entity	6 Months Ended
	Jun. 30, 2024
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entity	Note 13 -- Variable Interest Entity CORE, a Florida-domiciled reciprocal insurance exchange, is owned by its policyholders, referred to as subscribers, and was organized to offer commercial residential multiple peril and wind insurance products. Each subscriber owns part of CORE by buying an insurance policy and making a surplus contribution. CORE is managed by CRM, an AIF company which is a wholly-owned subsidiary of HCI. At the formation date of CORE, management determined that CORE is a variable interest entity (“VIE”). HCI is required to assess whether it has a controlling financial interest in CORE. A controlling financial interest exists if an entity has both: 1) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and 2) the obligation to absorb losses from or the right to receive benefits of the VIE that could potentially be significant to the VIE. Under U.S. GAAP, an entity meeting these requirements is considered to be the primary beneficiary of a VIE and is required to consolidate the VIE. Since in the judgment of management, HCI meets these requirements via the management and service agreements and the subordinated surplus note, HCI is required to consolidate CORE. Further, as HCI has no equity at risk, CORE’s equity and results of operations are included in noncontrolling interests. In the event of dissolution, subscribers will participate in the distribution of any remaining equity without being liable for any shortfall in CORE's equity. CORE’s assets are legally restricted for the purpose of fulfilling obligations specific to CORE. The creditors of CORE have no legal right to pursue additional sources of payment from the Company. The following table summarizes the assets and liabilities related to CORE, a consolidated VIE, which are included in the accompanying consolidated balance sheets: June 30, December 31, 2024 2023 Assets: Cash and cash equivalents $ 48,109 $ 24,635 Restricted cash 302 300 Income taxes receivable 2,820 — Premiums receivable 3,792 — Assumed premiums receivable 11,014 — Prepaid reinsurance premium 6,512 — Deferred policy acquisition costs 1,426 — Other assets 504 65 Total assets $ 74,479 $ 25,000 Liabilities: Losses and loss adjustment expenses $ 1,111 $ — Unearned premiums 39,093 — Advance premiums 265 — Ceded reinsurance premiums payable 796 — Accrued expenses 1,128 — Deferred income taxes, net 1,440 — Other liabilities 165 — Total liabilities $ 43,998 $ —

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	Note 14 -- Segment Information The Company identifies its operating divisions based on managerial emphasis, organizational structure and revenue source. The Company has five reportable segments: HCPCI insurance operations, TypTap Group, reciprocal exchange operations, 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 and reciprocal exchange operations, 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 reciprocal exchange segment represents the insurance operations of CORE, a consolidated VIE. 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, such as CRM, that do not meet the quantitative and qualitative thresholds for a reportable segment. The determination of segments may change over time due to changes in operational emphasis, revenues, and results of operations. The Company’s chief executive officer, who serves as the Company’s chief operating decision maker, evaluates each division’s financial and operating performance based on revenue and operating income. For the three months ended June 30, 2024 and 2023, revenues from the HCPCI insurance operations segment before intracompany elimination represente d 57.3 % and 65.1 %, respectively, and revenues from the TypTap Group segment represented 37.2 % and 33.4 %, respectively, of total revenues of all operating segments. For the six months ended June 30, 2024 and 2023 , revenues from the HCPCI insurance operations segment before intracompany elimination represented 60.2 % and 63.3 %, respectively, and revenues from the TypTap Group segment represented 35.7 % and 34.9 %, respectively, of total revenues of all operating segments. At June 30, 2024 and December 31, 2023, HCPCI insurance operations’ total assets represente d 54.9 % and 55.3 %, respectively, and TypTap Group’s total assets represented 32.0 % a nd 33.6 %, 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. For Three Months Ended HCPCI TypTap Reciprocal Real Corporate/ Reclassification/ Elimination Consolidated Revenue: Gross premiums earned (c) $ 150,357 $ 107,055 $ 12,804 $ — $ — $ ( 6,655 ) $ 263,561 Premiums ceded ( 46,828 ) ( 30,271 ) ( 6,269 ) — — 6,655 ( 76,713 ) Net premiums earned 103,529 76,784 6,535 — — — 186,848 Net income from investment portfolio 7,087 5,008 139 — 3,975 1,417 17,626 Policy fee income 571 518 — — — — 1,089 Other 3,689 3,556 9 5,834 3,611 ( 16,017 ) 682 Total revenue 114,876 85,866 6,683 5,834 7,586 ( 14,600 ) 206,245 Expenses: Losses and loss adjustment expenses 37,856 38,790 1,605 — — 73 78,324 Amortization of deferred policy 11,017 10,846 88 — — — 21,951 Other policy acquisition expenses 609 514 1,805 — — ( 1,427 ) 1,501 Stock-based compensation expense 319 656 — — 1,401 — 2,376 Interest expense — 1,806 559 221 3,231 ( 2,365 ) 3,452 Depreciation and amortization 139 1,130 — 418 162 ( 285 ) 1,564 Personnel and other operating expenses 14,457 10,210 52 1,629 4,140 ( 9,437 ) 21,051 Total expenses 64,397 63,952 4,109 2,268 8,934 ( 13,441 ) 130,219 Income (loss) before income taxes (d) $ 50,479 $ 21,914 $ 2,574 $ 3,566 $ ( 1,348 ) $ ( 1,159 ) $ 76,026 Total revenue from non-affiliates (e) $ 105,143 $ 89,947 $ 7,895 $ 4,992 $ 2,265 Gross premiums written $ 191,774 $ 79,093 $ 36,035 (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 operations and management fees for attorney-in-fact services. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 143,702 from HCPCI and $ 6,655 from a reinsurance company. (d) The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. (e) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. For Three Months Ended June 30, 2023 HCPCI TypTap Real Corporate/ Reclassification/ Consolidated Revenue: Gross premiums earned (c) $ 101,790 $ 85,071 $ — $ — $ ( 4,915 ) $ 181,946 Premiums ceded ( 40,453 ) ( 30,848 ) — — 4,911 ( 66,390 ) Net premiums earned 61,337 54,223 — — ( 4 ) 115,556 Net income from investment portfolio 4,393 3,602 — 1,627 ( 161 ) 9,461 Policy fee income 551 918 — — — 1,469 Other 3,717 1,190 2,132 677 ( 6,875 ) 841 Total revenue 69,998 59,933 2,132 2,304 ( 7,040 ) 127,327 Expenses: Losses and loss adjustment expenses 27,653 34,937 — — ( 700 ) 61,890 Amortization of deferred policy acquisition 10,000 11,422 — — — 21,422 Other policy acquisition expenses 617 597 — — ( 18 ) 1,196 Stock-based compensation expense 498 658 — 711 — 1,867 Interest expense — 430 67 2,600 ( 430 ) 2,667 Depreciation and amortization 141 1,030 326 204 ( 236 ) 1,465 Personnel and other operating expenses 8,916 9,938 1,501 1,855 ( 5,656 ) 16,554 Total expenses 47,825 59,012 1,894 5,370 ( 7,040 ) 107,061 Income (loss) before income taxes $ 22,173 $ 921 $ 238 $ ( 3,066 ) $ — $ 20,266 Total revenue from non-affiliates (d) $ 62,240 $ 67,411 $ 1,325 $ 1,735 Gross premiums written $ 140,545 $ 39,438 (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 operations. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 96,875 from HCPCI and $ 4,915 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. For Six Months Ended HCPCI TypTap Reciprocal Real Corporate/ Reclassification/ Consolidated Revenue: Gross premiums earned (c) $ 305,739 $ 210,803 $ 16,429 $ — $ — $ ( 12,766 ) $ 520,205 Premiums ceded ( 90,154 ) ( 58,944 ) ( 8,487 ) — — 12,766 ( 144,819 ) Net premiums earned 215,585 151,859 7,942 — — — 375,386 Net income from investment portfolio 15,315 9,551 195 — 8,669 598 34,328 Policy fee income 1,075 1,033 — — — — 2,108 Other 7,227 5,051 9 9,281 4,641 ( 25,172 ) 1,037 Total revenue 239,202 167,494 8,146 9,281 13,310 ( 24,574 ) 412,859 Expenses: Losses and loss adjustment expenses 76,870 79,343 2,873 — — ( 840 ) 158,246 Amortization of deferred policy 21,153 21,641 88 — — — 42,882 Other policy acquisition expenses 1,188 1,033 2,351 — — ( 1,863 ) 2,709 Stock-based compensation expense 688 1,357 — — 1,913 — 3,958 Interest expense — 3,306 1,371 444 6,157 ( 4,677 ) 6,601 Depreciation and amortization 277 2,218 — 798 322 ( 561 ) 3,054 Personnel and other operating expenses 26,205 20,180 106 3,063 7,873 ( 15,474 ) 41,953 Total expenses 126,381 129,078 6,789 4,305 16,265 ( 23,415 ) 259,403 Income (loss) before income taxes (d) $ 112,821 $ 38,416 $ 1,357 $ 4,976 $ ( 2,955 ) $ ( 1,159 ) $ 153,456 Total revenue from non-affiliates (e) $ 220,099 $ 178,030 $ 9,811 $ 7,598 $ 6,350 Gross premiums written $ 283,649 $ 222,717 $ 55,522 (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 operations and management fees for attorney-in-fact services. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 292,973 from HCPCI and $ 12,766 from a reinsurance company. (d) The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. (e) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. For Six Months Ended June 30, 2023 HCPCI TypTap Real Corporate/ Reclassification/ Consolidated Revenue: Gross premiums earned (c) $ 198,781 $ 172,683 $ — $ — $ ( 9,450 ) $ 362,014 Premiums ceded ( 80,648 ) ( 65,671 ) — — 9,420 ( 136,899 ) Net premiums earned 118,133 107,012 — — ( 30 ) 225,115 Net income from investment portfolio 7,347 6,981 — 3,527 8,701 26,556 Gain from sales of real estate investments — — 8,936 — ( 8,936 ) — Policy fee income 1,114 1,445 — — — 2,559 Other 8,370 2,833 5,055 1,272 ( 15,404 ) 2,126 Total revenue 134,964 118,271 13,991 4,799 ( 15,669 ) 256,356 Expenses: Losses and loss adjustment expenses 56,435 67,993 — — ( 1,973 ) 122,455 Amortization of deferred policy acquisition 19,621 23,285 — — — 42,906 Other policy acquisition expenses 1,272 1,208 — — ( 48 ) 2,432 Stock-based compensation expense 994 1,487 — 1,492 — 3,973 Interest expense — 861 270 5,198 ( 861 ) 5,468 Depreciation and amortization 280 1,986 953 406 ( 773 ) 2,852 Loss on extinguishment of debt — — 177 — ( 177 ) — Personnel and other operating expenses 18,835 19,371 3,055 3,444 ( 11,837 ) 32,868 Total expenses 97,437 116,191 4,455 10,540 ( 15,669 ) 212,954 Income (loss) before income taxes $ 37,527 $ 2,080 $ 9,536 $ ( 5,741 ) $ — $ 43,402 Total revenue from non-affiliates (d) $ 119,169 $ 128,697 $ 12,376 $ 3,661 Gross premiums written $ 225,698 $ 154,139 (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 operations. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 189,331 from HCPCI and $ 9,450 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. The following table presents segment assets reconciled to the Company’s total assets on the consolidated balance sheets: June 30, December 31, 2024 2023 Segments: HCPCI Insurance Operations $ 1,021,739 $ 933,116 TypTap Group 665,767 623,366 Reciprocal Exchange Operations 79,756 25,000 Real Estate Operations 136,895 132,257 Corporate and Other 324,136 233,952 Consolidation and Elimination ( 316,912 ) ( 136,375 ) Total assets $ 1,911,381 $ 1,811,316

Leases

Leases	6 Months Ended
	Jun. 30, 2024
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: June 30, December 31, 2024 2023 Operating leases: ROU assets $ 1,296 $ 1,407 Liabilities $ 1,305 $ 1,408 Finance leases: ROU assets $ — $ 1 Liabilities $ 1 $ 2 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 3.25 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 June 30, 2024, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following June 30, 2024 $ 289 $ 1 2025 299 — 2026 308 — 2027 303 — 2028 123 — Thereafter 190 — Total lease payments 1,512 1 Less: interest 207 — Total lease obligations $ 1,305 $ 1 The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Lease costs: Finance lease costs: Amortization – ROU assets* $ — $ 4 $ — $ 8 Operating lease costs* 76 77 145 129 Short-term lease costs* 83 74 175 167 Total lease costs $ 159 $ 155 $ 320 $ 304 Cash paid for amounts included in the Operating cash flows – operating leases $ 142 $ 73 Financing cash flows – finance leases $ 1 $ 7 June 30, 2024 Weighted-average remaining lease term: Finance leases (in years) 0.3 Operating leases (in years) 5.1 Weighted-average discount rate: Finance leases (%) 2.4 % Operating leases (%) 6.0 % * Included in other operating expenses on the consolidated statements of income. The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms Class of Assets Initial Term Option and Conditions Operating lease: Office space 1 to 3 years Yes (d) Retail space 3 to 20 years Yes (d) Boat docks/wet slips 1 to 12 months Yes (d) (d) There are no purchase options.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
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, 2023, management concluded, based on the evaluation of the positive and negative evidence, that is more likely than not that the deferred tax assets will be realized and therefore no valuation allowance on the Company’s deferred tax assets is required. The Company evaluates the realizability of its deferred tax assets each quarter, and as of June 30, 2024, based on all of the available evidence, management concluded that it is more likely than not that the deferred tax assets will be realized. During the three months ended June 30, 2024 and 2023 , the Company recorded income tax expenses of $ 18,927 and $ 5,384 , respectively, resulting in effective tax rates of 24.9 % and 26.6 %, respectively. The decrease in the effective tax rate as compared with the corresponding period in the prior year was primarily attributable to the recognition of tax benefits related to restricted stock that vested in February and May 2024. During the six months ended June 30, 2024 and 2023 , the Company recorded approximately $ 39,401 and $ 10,727 , respectively, resulting in effective tax rates of 25.7 % and 24.7 %, respectively. The increase in the effective tax rate as compared with the corresponding period in the prior year was primarily attributable to a lower prior year effective tax rate resulting from the release of the valuation allowance during 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	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 June 30, 2023 Income Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income $ 57,099 $ 14,882 Less: Net income attributable to — ( 2,337 ) Less: Net income attributable ( 3,023 ) ( 102 ) Net income attributable to HCI 54,076 12,443 Less: Income attributable to ( 2,052 ) ( 427 ) Basic Earnings Per Share: Income allocated to common 52,024 10,041 $ 5.18 12,016 8,302 $ 1.45 Effect of Dilutive Securities: Stock options — 298 — 74 Convertible senior notes 1,753 2,142 1,924 2,538 Warrants — 215 — 7 Diluted Earnings Per Share: Income available to common $ 53,777 12,696 $ 4.24 $ 13,940 10,921 $ 1.28 (a) Shares in thousands. Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 Income Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income $ 114,055 $ 32,675 Less: Net income attributable to ( 10,149 ) ( 4,661 ) Less: Net income attributable ( 2,219 ) ( 233 ) Net income attributable to HCI 101,687 27,781 Less: Income attributable to ( 3,243 ) ( 985 ) Basic Earnings Per Share: Income allocated to common 98,444 9,897 $ 9.95 26,796 8,290 $ 3.23 Effect of Dilutive Securities: * Stock options — 290 — 58 Convertible senior notes 3,393 2,212 3,844 2,538 Warrants — 262 — — Diluted Earnings Per Share: Income available to common $ 101,837 12,661 $ 8.04 $ 30,640 10,886 $ 2.81 (a) Shares in thousands. * For the six months ended June 30, 2023 , warrants were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 18 -- Redeemable Noncontrolling Interests The following table summarizes the redeemable noncontrolling interest balances at June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 TTIG - Series A Preferred Stock $ — $ 96,160 Subscriber surplus contribution 791 — 'Total redeemable noncontrolling interests $ 791 $ 96,160 TTIG - Series A Preferred Stock On January 22, 2024, TTIG entered into a Stock Redemption Agreement with Centerbridge which allowed TTIG to redeem all of the TTIG Series A Preferred Stock held by Centerbridge. The redemption totaled $ 100,000 plus accrued and unpaid dividends of approximately $ 2,923 . At redemption, the difference between the consideration transferred of $ 102,923 and the redemption date carrying value of $ 96,695 is recorded as a deemed dividend and is included in net income attributable to redeemable noncontrolling interest which is subtracted from net income when calculating income available to common stockholders. The following table summarizes the activity of TTIG Series A Preferred Stock during the six months ended June 30, 2024 and 2023: 2024 2023 Balance at January 1 $ 96,160 $ 93,553 Increase (decrease): Accrued cash dividends 424 1,637 Accretion - increasing dividend rates 111 687 Adjustment to maximum redemption value 6,228 — Dividends paid ( 2,923 ) ( 3,012 ) Redemption ( 100,000 ) — Balance at March 31 $ — $ 92,865 Increase (decrease): Accrued cash dividends — 1,875 Accretion - increasing dividend rates — 462 Balance at June 30 $ — $ 95,202 For the three months ended June 30, 2024 , net income attributable to redeemable noncontrolling interest was $ 0 , compared with $ 2,337 for the three months ended June 30, 2023 , consisting of accrued cash dividends of $ 1,875 and accretion related to increasing dividend rates of $ 462 . For the six months ended June 30, 2024 , net income attributable to redeemable noncontrolling interest was $ 10,149 , consisting of accrued cash dividends of $ 424 , accretion related to increasing dividend rates of $ 111 , an adjustment to maximum redemption value of $ 6,228 , and a deemed dividend resulting from warrant modifications of $ 3,386 . For the six months ended June 30, 2023 , net income attributable to redeemable noncontrolling interest was $ 4,661 , consisting of accrued cash dividends $ 3,512 and accretion related to increasing dividend rates $ 1,149 . CORE - Subscriber Surplus Contribution Subscriber surplus contributions in redeemable noncontrolling interests represent a refundable portion of the surplus contributions received from CORE policyholders. The following table summarizes the activity of the subscriber surplus contribution during the six months ended June 30, 2024 and 2023: 2024 2023 Balance at January 1 $ — $ — Cash contribution — — Return of contribution — — Noncash reclassification — — Balance at March 31 — — Cash contribution 864 — Return of contribution — — Noncash reclassification ( 73 ) — Balance at June 30 $ 791 $ —

Equity

Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Equity	Note 19 -- Equity Stockholders’ Equity Common Stock On January 22, 2024, a new shelf registration statement on Form S-3 (the “Shelf Registration”) was filed, replacing the Company’s old universal shelf registration statement filed in September 2023. The new Shelf Registration permits the Company to offer and sell its common stock, preferred stock, debt securities, warrants, and stock purchase contracts and units, from time to time, subject to market conditions and its capital needs. The Shelf Registration will also enable Centerbridge to sell all or a portion of the amended and restated warrant or the shares issuable pursuant to the warrant. As a part of the Shelf Registration, the Company also announced the implementation of an “at-the-market” facility (the “ATM facility”) under which the Company would have the ability to raise up to $ 75,000 through the issuance of new shares of common stock into the market if it were to so choose. On April 24, 2024 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends were paid on June 21 , 2024 to stockholders of record on May 17 , 2024 . Warrants In connection with the redemption of the TTIG Series A Preferred Stock held by Centerbridge in January 2024, HCI, for the benefit of TTIG, extended the expiration dates of 450,000 of the underlying warrant shares, which will now expire in 150,000 share increments on December 31, 2026 , December 31, 2027 , and December 31, 2028 . The remaining 300,000 share warrants retained their original expiration date of February 26, 2025 and were exercised on March 11, 2024 through a cashless transaction. The warrant modifications resulted in a $ 3,386 increase in the fair value of the warrants, which is recorded as a deemed dividend by decreasing retained income and increasing additional paid-in capital. The amount of deemed dividend is included in net income attributable to redeemable noncontrolling interest which is subtracted from net income when calculating net income available to common stockholders At June 30, 2024, there were warrants outstanding and exercisable, held by Centerbridge, to purchase 450,000 shares of HCI common stock at an exercise price of $ 54.40 . The warrants expire in 150,000 share increments on December 31, 2026 , December 31, 2027 , and December 31, 2028 . Noncontrolling Interests TTIG During the three and six months ended June 30, 2024 , TTIG repurchased and retired a total of 23,071 and 45,858 shares, respectively, of its common stock surrendered by its employees to satisfy payroll tax liabilities associated with the vesting of restricted shares. The total cost of purchasing noncontrolling interests during the three and six months ended June 30, 2024 w as $ 49 and $ 82 , respectively. During the three and six months ended June 30, 2023 , TTIG repurchased and retired a total of 28,700 and 62,808 shares, respectively, of its common stock. The total cost of purchasing noncontrolling interests during the three and six months ended June 30, 2023 w as $ 39 and $ 237 , respectively. In addition, TTIG repurchased and retired a total of 6,830 shares of its common stock from former TTIG employees for a total cost of $ 12 for the three and six months ended June 30, 2024 . The total cost included the fair value of TTIG common stock and a $ 2 inducement cost for the purpose of curtailing the spread of share ownership. At June 30, 2024 , there were 80,292,834 shares of TTIG’s common stock outstanding, of which 5,292,834 shares were not owned by HCI. CORE As described in Note 13 -- “V ariable Interest Entity,” the Company has no equity interest at risk in CORE and CORE receives surplus contributions from its subscribers in addition to policy premiums. The surplus contribution is payable to CORE on or prior to the initial effective date of coverage and on or prior to the effective date of all endorsements generating an additional premium. CORE wrote 81 policies during the three and six months ended June 30, 2024 .

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 , there were 761,406 shares available for grant. Stock Options Stock options granted and outstanding under the incentive plan vest over a period of four years and are exercisable over the contractual term of ten years . A summary of the stock option activity for the three and six months ended June 30, 2024 and 2023 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, 2024 590,000 $ 51.54 5.9 years $ 21,156 Outstanding at March 31, 2024 590,000 $ 51.54 5.6 years $ 38,077 Outstanding at June 30, 2024 590,000 $ 51.54 5.4 years $ 23,970 Exercisable at June 30, 2024 590,000 $ 51.54 5.4 years $ 23,970 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 Exercisable at June 30, 2023 412,500 $ 45.07 5.0 years $ 7,447 There wer e no options exercised during the three and six months ended June 30, 2024 and 2023. For the three months ended June 30, 2024 and 2023 , the Company recognized $ 0 and $ 76 , respectively, of compensation expense related to stock options which is included in general and administrative personnel expenses. For the six months ended June 30, 2024 and 2023 , the Company recognized $ 14 and $ 166 , respectively, of compensation expense. There we re no deferred tax benefits r elated to stock options recognized for the three and six months ended June 30, 2024 and 2023. At June 30, 2024 and December 31, 2023 , there was $ 0 and $ 14 , respectively, of unrecognized compensation expense related to nonvested stock options. 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. On April 17, 2024, the Company awarded Paresh Patel, its Chief Executive Officer, 200,000 restricted shares of common stock. The shares will vest equally over a period of four years, with vesting dates of March 15, 2025, 2026, 2027, and 2028, under the condition that the price per share reaches $ 200 for a period of 30 consecutive trading days. Information with respect to the activity of unvested restricted stock awards during the three and six months ended June 30, 2024 and 2023 is as follows: Number of Weighted Restricted Average Stock Grant Date Awards Fair Value Nonvested at January 1, 2024 271,417 $ 37.12 Vested ( 29,690 ) $ 56.05 Forfeited ( 200 ) $ 51.87 Nonvested at March 31, 2024 241,527 $ 34.78 Granted 204,500 $ 79.33 Vested ( 19,637 ) $ 48.17 Forfeited ( 3,500 ) $ 34.58 Nonvested at June 30, 2024 422,890 $ 55.70 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 The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $ 1,720 a nd $ 1,133 for the three months ended June 30, 2024 and 2023, respectively, and $ 2,587 a nd $ 2,320 for the six months ended June 30, 2024 and 2023, respectively. At June 30, 2024 and December 31, 2023 , there was approximately $ 17,547 , and $ 4,043 , respectively, of total unrecognized compensation expense related to nonvested restricted stock arrangements. The Company expects to recognize the remaining compensation expense over a weighted-average period of 2.8 years. The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three and six months ended June 30, 2024 and 2023. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Deferred tax benefits recognized $ 61 $ 254 $ 160 $ 517 Tax benefits realized for restricted stock and $ 543 $ 521 $ 1,054 $ 820 Fair value of vested restricted stock $ 946 $ 1,580 $ 2,610 $ 3,793 Subsidiary Equity Plan For the three months ended June 30, 2024 and 2023 , TypTap Group recognized compensation expense related to its stock-based awards of $ 656 and $ 658 , respectively. For the six months ended June 30, 2024 and 2023 , TypTap Group recognized compensation expense related to its stock-based awards of $ 1,357 and $ 1,487 , respectively. At June 30, 2024 and December 31, 2023 , there was $ 3,022 and $ 4,438 , respectively, of unrecognized compensation expense related to nonvested subsidiary restricted stock and stock options.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 21 -- Commitments and Contingencies 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 June 30, 2024 , there was an aggregate unfunded balance of $ 3,353 . FIGA Assessments The Company’s insurance subsidiaries, as member insurers, are required to collect and remit the pass-through assessments to FIGA on a quarterly basis. As of June 30, 2024 , the FIGA assessments payable by the Company were $ 2,378 .

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 22 -- Related Party Transactions 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 is 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 2024-2025 RPP contracts.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 23 -- Subsequent Events On July 1, 2024, HCI entered into a Stock Purchase Agreement (“Purchase Agreement”) with TTIG, its majority-owned subsidiary. Pursuant to the Purchase Agreement, TTIG transferred to HCI 2,500,000 shares of TypTap Insurance Company (“TTIC”)’s $ 1.00 par value common stock which represented all of the issued and outstanding capital stock of TTIC. In exchange, HCI agreed to consider three promissory notes issued by TTIG, totaling $ 117,994 in principal, as fully repaid with the exception of a 2.00 % promissory note due June 1, 2025 . This promissory note will remain in effect with its principal balance reduced from $ 40,000 to $ 2,994 . As there was no change in control, the purchase was accounted for as a common control transaction. The net assets of TTIC were derecognized by TTIG and recognized by HCI at their carrying amounts on the date of the purchase. The difference between the consideration transferred and the carrying amounts of the net assets was recognized in equity. Further, the sale triggers a change in control clause within TTIG’s equity incentive plan, causing all unvested stock-based awards to vest immediately except for TTIG restricted stock and stock options issued to Paresh Patel who is also the Chief Executive Officer of HCI. The expense from immediate vesting approximated $ 1,087 . On July 3 , 2024 , the Company’s Board of Directors declared a quarterly dividend of $ 0.40 per common share. The dividends are payable on September 20, 2024 to stockholders of record on August 16, 2024 .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 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, 2024. 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, 2023 included in the Company’s Form 10-K, which was filed with the SEC on March 8, 2024. 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 six months ended June 30, 2024 , revenues from claims processing services were $ 0 in each period. For the three and six months ended June 30, 2023 , revenues from claims processing services were $ 177 and $ 704 , respectively.
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests Redeemable noncontrolling interests represent economic interests in TTIG and CORE not held by HCI. They are presented in the temporary equity (mezzanine) section of the consolidated balance sheets. TTIG The interest in TTIG contains rights in dividends, voting, conversion, participation, liquidation preference and redemption. The redemption feature is not solely within the control of TTIG. The interest is initially recorded at fair value and is decreased by related issuance costs. The fair value is estimated using a residual fair value approach. The effect of increasing dividend rates is accreted to the redeemable noncontrolling interest with a corresponding reduction in retained income. The effective interest method is used for accretion over the period of the increasing dividend rates. The carrying value of the interest is also subsequently adjusted for accrued dividends and dividend payments. The Company has an option to pay the dividends in cash or make a payment-in-kind. The dividends are accrued monthly assuming they will be settled in cash. When the interest is probable of becoming redeemable, the Company elects to recognize changes in the redemption value immediately as it occurs and adjusts the carrying value of the interest to the maximum redemption value which is the higher of the redemption price or fair market value at the reporting date. Such changes in the redemption value are treated as dividends when calculating income available to common stockholders. CORE The interest in CORE represents a refundable portion of CORE’s subscriber surplus contributions. CORE, a reciprocal insurance exchange, collects surplus contributions in addition to policy premiums from its policyholders referred to as subscribers. The purpose of the surplus contribution is to support CORE’s financial strength and lower CORE’s cost of capital. The surplus contribution made during a policy term may be returned on a pro-rata basis to a subscriber in the event of policy cancellation. As the term of an insurance policy progresses, a portion of the surplus contribution is reclassified from the redeemable noncontrolling interest to the noncontrolling interest.
Noncontrolling Interests	Noncontrolling Interests The Company has noncontrolling interests attributable to TTIG and CORE. A noncontrolling interest arises when the Company has less than 100 % of the voting rights and economic interests in a subsidiary or a consolidated variable interest entity. The noncontrolling interest in TTIG is periodically adjusted for the expensing of TTIG’s stock-based awards granted to its employees, the interest’s share of TTIG’s net income or loss attributable to common stockholders and the change in other comprehensive income or loss. The noncontrolling interest in CORE is periodically adjusted for the interest’s share of CORE’s net income or loss attributable to common stockholders and the reclassification of surplus contributions from refundable to nonrefundable amount.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Summary of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. June 30, December 31, 2024 2023 Cash and cash equivalents $ 445,829 $ 536,478 Restricted cash 3,303 3,287 Total $ 449,132 $ 539,765

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Summary of Amortized Cost, Allowance for Credit Loss, Gross Unrealized Gains and Losses, and Estimated Fair Value of Available-for-Sale Securities	The Company holds investments in fixed-maturity securities that are classified as available-for-sale. At June 30, 2024 and December 31, 2023, the cost or amortized cost, allowance for credit loss, gross unrealized gains and losses, and estimated fair value of the Company’s available-for-sale securities by security type were as follows: Cost or Allowance Gross Gross Estimated Cost Loss Gain Loss Value As of June 30, 2024 U.S. Treasury and U.S. government agencies $ 612,692 $ — $ 284 $ ( 2,999 ) $ 609,977 Corporate bonds 30,705 — 35 ( 948 ) 29,792 Exchange-traded debt 495 — — ( 22 ) 473 Total $ 643,892 $ — $ 319 $ ( 3,969 ) $ 640,242 As of December 31, 2023 U.S. Treasury and U.S. government agencies $ 359,630 $ — $ 224 $ ( 3,800 ) $ 356,054 Corporate bonds 27,563 — 116 ( 975 ) 26,704 Exchange-traded debt 494 — — ( 14 ) 480 Total $ 387,687 $ — $ 340 $ ( 4,789 ) $ 383,238
Scheduled Contractual Maturities of Fixed-Maturity Securities	The scheduled contractual maturities of fixed-maturity securities as of June 30, 2024 and December 31, 2023 are as follows: June 30, 2024 December 31, 2023 Cost or Estimated Cost or Estimated Amortized Cost Fair Value Amortized Cost Fair Value Available-for-sale Due in one year or less $ 232,194 $ 229,497 $ 234,992 $ 234,025 Due after one year through five years 408,367 407,792 148,935 145,758 Due after five years through ten years 2,837 2,480 3,266 2,974 Due after ten years 494 473 494 481 $ 643,892 $ 640,242 $ 387,687 $ 383,238
Summary of Proceeds Received and Gross Realized Gains and Losses from Sales of Available-for-Sale Securities	Proceeds received, and the gross realized gains and losses from sales of available-for-sale fixed-maturity securities, for the three and six months ended June 30, 2024 and 2023 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2024 $ 1,616 $ 1 $ ( 11 ) Three months ended June 30, 2023 $ 1,023 $ — $ ( 12 ) Six months ended June 30, 2024 $ 7,646 $ 13 $ ( 55 ) Six months ended June 30, 2023 $ 12,083 $ — $ ( 750 )
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category	Securities with gross unrealized loss positions at June 30, 2024 and December 31, 2023, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows: Less Than Twelve Months Twelve Months or Longer Total Gross Estimated Gross Estimated Gross Estimated Unrealized Fair Unrealized Fair Unrealized Fair As of June 30, 2024 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 351 ) $ 279,112 $ ( 2,648 ) $ 131,989 $ ( 2,999 ) $ 411,101 Corporate bonds ( 32 ) 6,291 ( 916 ) 19,910 ( 948 ) 26,201 Exchange-traded debt ( 22 ) 473 — — ( 22 ) 473 Total available-for-sale securities $ ( 405 ) $ 285,876 $ ( 3,564 ) $ 151,899 $ ( 3,969 ) $ 437,775 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, 2023 Loss Value Loss Value Loss Value U.S. Treasury and U.S. government $ ( 22 ) $ 3,464 $ ( 3,778 ) $ 181,463 $ ( 3,800 ) $ 184,927 Corporate bonds ( 8 ) 1,941 ( 967 ) 19,418 ( 975 ) 21,359 Exchange-traded debt ( 14 ) 481 — — ( 14 ) 481 Total available-for-sale securities $ ( 44 ) $ 5,886 $ ( 4,745 ) $ 200,881 $ ( 4,789 ) $ 206,767
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Equity Securities	At June 30, 2024 and December 31, 2023, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows: Gross Gross Estimated Cost Gain Loss Value June 30, 2024 $ 49,192 $ 6,708 $ ( 2,014 ) $ 53,886 December 31, 2023 $ 44,011 $ 3,945 $ ( 2,419 ) $ 45,537
Summary of Unrealized Gains and Losses for Equity Securities	The table below presents the portion of unrealized gains and losses in the Company’s consolidated statements of income related to equity securities still held. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net gains recognized $ 755 $ 730 $ 3,422 $ 844 Exclude: Net realized gains (losses) 222 ( 167 ) 254 ( 582 ) Net unrealized gains recognized $ 533 $ 897 $ 3,168 $ 1,426
Summary of Proceeds Received, Gross Realized Gains and Losses from Sales of Equity Securities	Proceeds received, and the gross realized gains and losses from sales of equity securities, for the three and six months ended June 30, 2024 and 2023 were as follows: Gross Gross Proceeds Gains Losses Three months ended June 30, 2024 $ 3,037 $ 389 $ ( 167 ) Three months ended June 30, 2023 $ 2,523 $ 85 $ ( 252 ) Six months ended June 30, 2024 $ 6,553 $ 562 $ ( 308 ) Six months ended June 30, 2023 $ 6,277 $ 102 $ ( 684 )
Schedule of Company's Investments in Limited Partnerships	The following table provides information related to the Company’s investments in limited partnerships: June 30, 2024 December 31, 2023 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a $ 2,742 $ — 15.37 $ 3,295 $ — 15.37 Value creation through active distressed debt 1,866 — 1.26 2,271 — 1.25 High returns and long-term capital appreciation 3,064 — 0.17 3,400 — 0.18 Value-oriented investments in less liquid and 2,578 — 0.55 3,306 — 0.55 Value-oriented investments in mature real 6,797 2,543 1.32 7,590 2,543 1.32 Risk-adjusted returns on credit and equity 4,809 810 0.55 3,721 1,662 0.55 Total $ 21,856 $ 3,353 $ 23,583 $ 4,205 (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 table summarizes the assets and liabilities related to CORE, a consolidated VIE, which are included in the accompanying consolidated balance sheets: June 30, December 31, 2024 2023 Assets: Cash and cash equivalents $ 48,109 $ 24,635 Restricted cash 302 300 Income taxes receivable 2,820 — Premiums receivable 3,792 — Assumed premiums receivable 11,014 — Prepaid reinsurance premium 6,512 — Deferred policy acquisition costs 1,426 — Other assets 504 65 Total assets $ 74,479 $ 25,000 Liabilities: Losses and loss adjustment expenses $ 1,111 $ — Unearned premiums 39,093 — Advance premiums 265 — Ceded reinsurance premiums payable 796 — Accrued expenses 1,128 — Deferred income taxes, net 1,440 — Other liabilities 165 — Total liabilities $ 43,998 $ —
Summary of Real Estate Investments	Real estate investments consist of the following as of June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 Land $ 42,272 $ 42,272 Land improvements 4,842 4,387 Buildings and building improvements 18,593 18,594 Tenant and leasehold improvements 2,265 1,869 Other 12,480 7,168 Total, at cost 80,452 74,290 Less: accumulated depreciation and amortization ( 6,945 ) ( 6,397 ) Real estate investments $ 73,507 $ 67,893
Investment Income (Loss) Summarized	Net investment income (loss), by source, is summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Available-for-sale fixed-maturity securities $ 6,020 $ 5,120 $ 10,848 $ 9,155 Equity securities 511 378 952 674 Investment expense ( 141 ) ( 125 ) ( 220 ) ( 254 ) Limited partnership investments ( 110 ) ( 11 ) 85 542 Real estate investments 3,783 270 5,276 9,563 Cash and cash equivalents 6,818 3,162 14,007 6,829 Net investment income $ 16,881 $ 8,794 $ 30,948 $ 26,509
Limited Partnership [Member]
Summary of Unaudited Financial Information and Unaudited Financial Position	The following is the summary of aggregated unaudited financial information of limited partnerships included in the investment strategy table above, which in certain cases is presented on a three-month lag due to the unavailability of information at the Company’s respective balance sheet dates. The financial statements of these limited partnerships are audited annually. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating results: Total income $ 16,173 $ ( 144,193 ) $ 19,239 $ 38,167 Total expenses ( 17,675 ) ( 24,840 ) ( 43,276 ) ( 27,097 ) Net (loss) income $ ( 1,502 ) $ ( 169,033 ) $ ( 24,037 ) $ 11,070 June 30, December 31, 2024 2023 Balance sheet: Total assets $ 4,101,810 $ 4,072,501 Total liabilities $ 202,337 $ 220,525

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Components of Other Comprehensive Income or Loss and Related Tax Effects Allocated to Each Component	The components of other comprehensive income or loss and the related tax effects allocated to each component were as follows: Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains (losses) $ 705 $ 177 $ 528 $ ( 2,263 ) $ ( 574 ) $ ( 1,689 ) Reclassification adjustment for net 10 2 8 12 3 9 Total other comprehensive income $ 715 $ 179 $ 536 $ ( 2,251 ) $ ( 571 ) $ ( 1,680 ) Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 Before Income Net of Before Income Net of Tax Tax Effect Tax Tax Tax Effect Tax Net unrealized gains $ 757 $ 190 $ 567 $ 152 $ ( 2,571 ) $ 2,723 Reclassification adjustment for net 42 10 32 750 190 560 Total other comprehensive income $ 799 $ 200 $ 599 $ 902 $ ( 2,381 ) $ 3,283

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
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 * Quoted price 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 2024. See Note 10 -- “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 June 30, 2024 and December 31, 2023: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of June 30, 2024 Financial Assets: Cash and cash equivalents $ 445,829 $ — $ — $ 445,829 Restricted cash $ 3,303 $ — $ — $ 3,303 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 602,042 $ 7,935 $ — $ 609,977 Corporate bonds 23,339 6,453 — 29,792 Exchange-traded debt 473 — — 473 Total available-for-sale securities $ 625,854 $ 14,388 $ — $ 640,242 Equity securities $ 53,886 $ — $ — $ 53,886 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2023 Financial Assets: Cash and cash equivalents $ 536,478 $ — $ — $ 536,478 Restricted cash $ 3,287 $ — $ — $ 3,287 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 348,145 $ 7,909 $ — $ 356,054 Corporate bonds 20,267 6,437 — 26,704 Exchange-traded debt 480 — — 480 Total available-for-sale securities $ 368,892 $ 14,346 $ — $ 383,238 Equity securities $ 45,537 $ — $ — $ 45,537
Schedule of Fair Value Information for Financial Liabilities Carried on Balance Sheet	The following tables present fair value information for financial liabilities that are carried on the consolidated balance sheets at amounts other than fair value as of June 30, 2024 and December 31, 2023: Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of June 30, 2024 Financial Liabilities: Revolving credit facility $ 48,000 $ — $ 48,000 $ — $ 48,000 Long-term debt: 4.75 % Convertible Senior Notes $ 168,806 $ — $ 224,909 $ — $ 224,909 5.50 % Promissory Note 11,600 — — 11,290 11,290 4.55 % Promissory Note 4,504 — — 4,180 4,180 Total long-term debt $ 184,910 $ — $ 224,909 $ 15,470 $ 240,379 Carrying Fair Value Measurements Using Estimated Value (Level 1) (Level 2) (Level 3) Fair Value As of December 31, 2023 Financial Liabilities: Long-term debt: 4.75 % Convertible Senior Notes $ 168,230 $ — $ 215,114 $ — $ 215,114 4.25 % Convertible Senior Notes 23,916 — 34,545 — 34,545 5.50 % Promissory Note 11,707 — — 11,512 11,512 4.55 % Promissory Note 4,640 — — 4,349 4,349 Total long-term debt $ 208,493 $ — $ 249,659 $ 15,861 $ 265,520

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Net	The Company’s intangible assets, net consist of the following: June 30, December 31, 2024 2023 In-place leases (a) 2,220 2,221 Policy renewal rights - United 10,100 10,100 Non-compete agreements - United (b) 314 314 Total, at cost 12,634 12,635 Less: accumulated amortization ( 6,202 ) ( 4,976 ) Intangible assets, net $ 6,432 $ 7,659 (a) Amortization related to the Haines City property is expected to start in November 2024. (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 June 30, 2024 are summarized in the table below: In-place leases 18.2 years Policy renewal rights - United 1.8 years

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Assets	The following table summarizes the Company’s other assets: June 30, December 31, 2024 2023 Benefits receivable related to retrospective reinsurance contract $ 58,275 $ 44,289 Reimbursement and fees receivable under TPA services — 629 Prepaid expenses 4,296 2,882 Deposits 401 409 Lease acquisition costs, net 849 833 Other 1,663 1,323 Total other assets $ 65,484 $ 50,365

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Summary of Long-term Debt	The following table summarizes the Company’s long-term debt: June 30, December 31, 2024 2023 4.75 % Convertible Senior Notes, due June 1, 2042 $ 172,500 $ 172,500 4.25 % Convertible Senior Notes, due March 1, 2037 (a) — 23,916 4.55 % Promissory Note, due through August 1, 2036 4,561 4,700 5.50 % Promissory Note, due through July 1, 2033 11,790 11,906 Finance lease liabilities, due through October 15, 2024 1 2 Total principal amount 188,852 213,024 Less: unamortized issuance costs ( 3,940 ) ( 4,529 ) Total long-term debt $ 184,912 $ 208,495 (a) Notes converted or redeemed during the first quarter of 2024
Summary of Future Maturities of Long-Term Debt	The following table summarizes future maturities of long-term debt as of June 30, 2024 , which takes into consideration the assumption that the 4.75 % Convertible Senior Notes are repurchased at their next earliest call date: Due in 12 months following June 30, 2024 $ 530 2025 556 2026 585 2027 173,114 2028 646 Thereafter 13,421 Total $ 188,852
Schedule of Interest Expense Related to Long-Term Debt	Information with respect to interest expense related to long-term debt is as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Interest Expense: Contractual interest $ 2,264 $ 2,367 $ 4,382 $ 4,864 Non-cash expense (b) 296 277 589 556 Total $ 2,560 $ 2,644 $ 4,971 $ 5,420

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Impact of the Reinsurance Contracts on Premiums Written and Earned	The impact of the reinsurance contracts on premiums written and earned is as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Premiums Written: Direct $ 284,289 $ 179,983 $ 496,184 $ 387,406 Assumed 22,613 — 65,704 ( 7,569 ) Gross written 306,902 179,983 561,888 379,837 Ceded ( 76,713 ) ( 66,390 ) ( 144,819 ) ( 136,899 ) Net premiums written $ 230,189 $ 113,593 $ 417,069 $ 242,938 Premiums Earned: Direct $ 201,791 $ 181,946 $ 391,466 $ 354,851 Assumed 61,770 — 128,739 7,163 Gross earned 263,561 181,946 520,205 362,014 Ceded ( 76,713 ) ( 66,390 ) ( 144,819 ) ( 136,899 ) Net premiums earned $ 186,848 $ 115,556 $ 375,386 $ 225,115

Losses and Loss Adjustment Ex_2

Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Liability for Unpaid Losses and Loss Adjustment Expenses	Activity in the liability for losses and LAE is summarized as follows: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net balance, beginning of period* $ 273,425 $ 246,051 $ 254,351 $ 246,546 Incurred, net of reinsurance, related to: Current period 73,506 60,968 153,428 117,666 Prior periods 4,818 922 4,818 4,789 Total incurred, net of reinsurance 78,324 61,890 158,246 122,455 Paid, net of reinsurance, related to: Current period ( 31,771 ) ( 27,105 ) ( 49,560 ) ( 38,215 ) Prior periods ( 28,193 ) ( 37,250 ) ( 71,252 ) ( 87,200 ) Total paid, net of reinsurance ( 59,964 ) ( 64,355 ) ( 120,812 ) ( 125,415 ) Net balance, end of period 291,785 243,586 291,785 243,586 Add: reinsurance recoverable before allowance for 279,861 505,369 279,861 505,369 Gross balance, end of period $ 571,646 $ 748,955 $ 571,646 $ 748,955 * Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE.

Variable Interest Entity (Table

Variable Interest Entity (Tables)	6 Months Ended
	Jun. 30, 2024
Variable Interest Entity, Measure of Activity [Abstract]
Summary of Unaudited Financial Information and Unaudited Financial Position	The following table summarizes the assets and liabilities related to CORE, a consolidated VIE, which are included in the accompanying consolidated balance sheets: June 30, December 31, 2024 2023 Assets: Cash and cash equivalents $ 48,109 $ 24,635 Restricted cash 302 300 Income taxes receivable 2,820 — Premiums receivable 3,792 — Assumed premiums receivable 11,014 — Prepaid reinsurance premium 6,512 — Deferred policy acquisition costs 1,426 — Other assets 504 65 Total assets $ 74,479 $ 25,000 Liabilities: Losses and loss adjustment expenses $ 1,111 $ — Unearned premiums 39,093 — Advance premiums 265 — Ceded reinsurance premiums payable 796 — Accrued expenses 1,128 — Deferred income taxes, net 1,440 — Other liabilities 165 — Total liabilities $ 43,998 $ —

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
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. For Three Months Ended HCPCI TypTap Reciprocal Real Corporate/ Reclassification/ Elimination Consolidated Revenue: Gross premiums earned (c) $ 150,357 $ 107,055 $ 12,804 $ — $ — $ ( 6,655 ) $ 263,561 Premiums ceded ( 46,828 ) ( 30,271 ) ( 6,269 ) — — 6,655 ( 76,713 ) Net premiums earned 103,529 76,784 6,535 — — — 186,848 Net income from investment portfolio 7,087 5,008 139 — 3,975 1,417 17,626 Policy fee income 571 518 — — — — 1,089 Other 3,689 3,556 9 5,834 3,611 ( 16,017 ) 682 Total revenue 114,876 85,866 6,683 5,834 7,586 ( 14,600 ) 206,245 Expenses: Losses and loss adjustment expenses 37,856 38,790 1,605 — — 73 78,324 Amortization of deferred policy 11,017 10,846 88 — — — 21,951 Other policy acquisition expenses 609 514 1,805 — — ( 1,427 ) 1,501 Stock-based compensation expense 319 656 — — 1,401 — 2,376 Interest expense — 1,806 559 221 3,231 ( 2,365 ) 3,452 Depreciation and amortization 139 1,130 — 418 162 ( 285 ) 1,564 Personnel and other operating expenses 14,457 10,210 52 1,629 4,140 ( 9,437 ) 21,051 Total expenses 64,397 63,952 4,109 2,268 8,934 ( 13,441 ) 130,219 Income (loss) before income taxes (d) $ 50,479 $ 21,914 $ 2,574 $ 3,566 $ ( 1,348 ) $ ( 1,159 ) $ 76,026 Total revenue from non-affiliates (e) $ 105,143 $ 89,947 $ 7,895 $ 4,992 $ 2,265 Gross premiums written $ 191,774 $ 79,093 $ 36,035 (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 operations and management fees for attorney-in-fact services. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 143,702 from HCPCI and $ 6,655 from a reinsurance company. (d) The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. (e) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. For Three Months Ended June 30, 2023 HCPCI TypTap Real Corporate/ Reclassification/ Consolidated Revenue: Gross premiums earned (c) $ 101,790 $ 85,071 $ — $ — $ ( 4,915 ) $ 181,946 Premiums ceded ( 40,453 ) ( 30,848 ) — — 4,911 ( 66,390 ) Net premiums earned 61,337 54,223 — — ( 4 ) 115,556 Net income from investment portfolio 4,393 3,602 — 1,627 ( 161 ) 9,461 Policy fee income 551 918 — — — 1,469 Other 3,717 1,190 2,132 677 ( 6,875 ) 841 Total revenue 69,998 59,933 2,132 2,304 ( 7,040 ) 127,327 Expenses: Losses and loss adjustment expenses 27,653 34,937 — — ( 700 ) 61,890 Amortization of deferred policy acquisition 10,000 11,422 — — — 21,422 Other policy acquisition expenses 617 597 — — ( 18 ) 1,196 Stock-based compensation expense 498 658 — 711 — 1,867 Interest expense — 430 67 2,600 ( 430 ) 2,667 Depreciation and amortization 141 1,030 326 204 ( 236 ) 1,465 Personnel and other operating expenses 8,916 9,938 1,501 1,855 ( 5,656 ) 16,554 Total expenses 47,825 59,012 1,894 5,370 ( 7,040 ) 107,061 Income (loss) before income taxes $ 22,173 $ 921 $ 238 $ ( 3,066 ) $ — $ 20,266 Total revenue from non-affiliates (d) $ 62,240 $ 67,411 $ 1,325 $ 1,735 Gross premiums written $ 140,545 $ 39,438 (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 operations. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 96,875 from HCPCI and $ 4,915 from a reinsurance company. (d) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. For Six Months Ended HCPCI TypTap Reciprocal Real Corporate/ Reclassification/ Consolidated Revenue: Gross premiums earned (c) $ 305,739 $ 210,803 $ 16,429 $ — $ — $ ( 12,766 ) $ 520,205 Premiums ceded ( 90,154 ) ( 58,944 ) ( 8,487 ) — — 12,766 ( 144,819 ) Net premiums earned 215,585 151,859 7,942 — — — 375,386 Net income from investment portfolio 15,315 9,551 195 — 8,669 598 34,328 Policy fee income 1,075 1,033 — — — — 2,108 Other 7,227 5,051 9 9,281 4,641 ( 25,172 ) 1,037 Total revenue 239,202 167,494 8,146 9,281 13,310 ( 24,574 ) 412,859 Expenses: Losses and loss adjustment expenses 76,870 79,343 2,873 — — ( 840 ) 158,246 Amortization of deferred policy 21,153 21,641 88 — — — 42,882 Other policy acquisition expenses 1,188 1,033 2,351 — — ( 1,863 ) 2,709 Stock-based compensation expense 688 1,357 — — 1,913 — 3,958 Interest expense — 3,306 1,371 444 6,157 ( 4,677 ) 6,601 Depreciation and amortization 277 2,218 — 798 322 ( 561 ) 3,054 Personnel and other operating expenses 26,205 20,180 106 3,063 7,873 ( 15,474 ) 41,953 Total expenses 126,381 129,078 6,789 4,305 16,265 ( 23,415 ) 259,403 Income (loss) before income taxes (d) $ 112,821 $ 38,416 $ 1,357 $ 4,976 $ ( 2,955 ) $ ( 1,159 ) $ 153,456 Total revenue from non-affiliates (e) $ 220,099 $ 178,030 $ 9,811 $ 7,598 $ 6,350 Gross premiums written $ 283,649 $ 222,717 $ 55,522 (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 operations and management fees for attorney-in-fact services. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 292,973 from HCPCI and $ 12,766 from a reinsurance company. (d) The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. (e) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. For Six Months Ended June 30, 2023 HCPCI TypTap Real Corporate/ Reclassification/ Consolidated Revenue: Gross premiums earned (c) $ 198,781 $ 172,683 $ — $ — $ ( 9,450 ) $ 362,014 Premiums ceded ( 80,648 ) ( 65,671 ) — — 9,420 ( 136,899 ) Net premiums earned 118,133 107,012 — — ( 30 ) 225,115 Net income from investment portfolio 7,347 6,981 — 3,527 8,701 26,556 Gain from sales of real estate investments — — 8,936 — ( 8,936 ) — Policy fee income 1,114 1,445 — — — 2,559 Other 8,370 2,833 5,055 1,272 ( 15,404 ) 2,126 Total revenue 134,964 118,271 13,991 4,799 ( 15,669 ) 256,356 Expenses: Losses and loss adjustment expenses 56,435 67,993 — — ( 1,973 ) 122,455 Amortization of deferred policy acquisition 19,621 23,285 — — — 42,906 Other policy acquisition expenses 1,272 1,208 — — ( 48 ) 2,432 Stock-based compensation expense 994 1,487 — 1,492 — 3,973 Interest expense — 861 270 5,198 ( 861 ) 5,468 Depreciation and amortization 280 1,986 953 406 ( 773 ) 2,852 Loss on extinguishment of debt — — 177 — ( 177 ) — Personnel and other operating expenses 18,835 19,371 3,055 3,444 ( 11,837 ) 32,868 Total expenses 97,437 116,191 4,455 10,540 ( 15,669 ) 212,954 Income (loss) before income taxes $ 37,527 $ 2,080 $ 9,536 $ ( 5,741 ) $ — $ 43,402 Total revenue from non-affiliates (d) $ 119,169 $ 128,697 $ 12,376 $ 3,661 Gross premiums written $ 225,698 $ 154,139 (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 operations. (c) Gross premiums earned under HCPCI Insurance Operations consist of $ 189,331 from HCPCI and $ 9,450 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: June 30, December 31, 2024 2023 Segments: HCPCI Insurance Operations $ 1,021,739 $ 933,116 TypTap Group 665,767 623,366 Reciprocal Exchange Operations 79,756 25,000 Real Estate Operations 136,895 132,257 Corporate and Other 324,136 233,952 Consolidation and Elimination ( 316,912 ) ( 136,375 ) Total assets $ 1,911,381 $ 1,811,316

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure Of Leases [Abstract]
Disclosure of right-of-use assets and liabilities for operating and finance leases	The table below summarizes the Company’s right-of-use (“ROU”) assets and corresponding liabilities for operating and finance leases: June 30, December 31, 2024 2023 Operating leases: ROU assets $ 1,296 $ 1,407 Liabilities $ 1,305 $ 1,408 Finance leases: ROU assets $ — $ 1 Liabilities $ 1 $ 2
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 3.25 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 June 30, 2024, maturities of lease liabilities were as follows: Leases Operating Finance Due in 12 months following June 30, 2024 $ 289 $ 1 2025 299 — 2026 308 — 2027 303 — 2028 123 — Thereafter 190 — Total lease payments 1,512 1 Less: interest 207 — Total lease obligations $ 1,305 $ 1
Disclosure of quantitative information of operating and finance leases	The following table provides quantitative information with regards to the Company’s operating and finance leases: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Lease costs: Finance lease costs: Amortization – ROU assets* $ — $ 4 $ — $ 8 Operating lease costs* 76 77 145 129 Short-term lease costs* 83 74 175 167 Total lease costs $ 159 $ 155 $ 320 $ 304 Cash paid for amounts included in the Operating cash flows – operating leases $ 142 $ 73 Financing cash flows – finance leases $ 1 $ 7 June 30, 2024 Weighted-average remaining lease term: Finance leases (in years) 0.3 Operating leases (in years) 5.1 Weighted-average discount rate: Finance leases (%) 2.4 % Operating leases (%) 6.0 % * 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: Office space 1 to 3 years Yes (d) Retail space 3 to 20 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)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Summary of Numerator and Denominator of Basic and Diluted Earnings Per Common Share	A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below: Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Income Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income $ 57,099 $ 14,882 Less: Net income attributable to — ( 2,337 ) Less: Net income attributable ( 3,023 ) ( 102 ) Net income attributable to HCI 54,076 12,443 Less: Income attributable to ( 2,052 ) ( 427 ) Basic Earnings Per Share: Income allocated to common 52,024 10,041 $ 5.18 12,016 8,302 $ 1.45 Effect of Dilutive Securities: Stock options — 298 — 74 Convertible senior notes 1,753 2,142 1,924 2,538 Warrants — 215 — 7 Diluted Earnings Per Share: Income available to common $ 53,777 12,696 $ 4.24 $ 13,940 10,921 $ 1.28 (a) Shares in thousands. Six Months Ended Six Months Ended June 30, 2024 June 30, 2023 Income Shares (a) Per Share Income Shares (a) Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Net income $ 114,055 $ 32,675 Less: Net income attributable to ( 10,149 ) ( 4,661 ) Less: Net income attributable ( 2,219 ) ( 233 ) Net income attributable to HCI 101,687 27,781 Less: Income attributable to ( 3,243 ) ( 985 ) Basic Earnings Per Share: Income allocated to common 98,444 9,897 $ 9.95 26,796 8,290 $ 3.23 Effect of Dilutive Securities: * Stock options — 290 — 58 Convertible senior notes 3,393 2,212 3,844 2,538 Warrants — 262 — — Diluted Earnings Per Share: Income available to common $ 101,837 12,661 $ 8.04 $ 30,640 10,886 $ 2.81 (a) Shares in thousands. * For the six months ended June 30, 2023 , warrants were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2024
Redeemable Noncontrolling Interest [Line Items]
Summary of Activity of Redeemable Noncontrolling Interest	The following table summarizes the redeemable noncontrolling interest balances at June 30, 2024 and December 31, 2023: June 30, December 31, 2024 2023 TTIG - Series A Preferred Stock $ — $ 96,160 Subscriber surplus contribution 791 — 'Total redeemable noncontrolling interests $ 791 $ 96,160
TTIG [Member]
Redeemable Noncontrolling Interest [Line Items]
Summary of Activity of Redeemable Noncontrolling Interest	The following table summarizes the activity of TTIG Series A Preferred Stock during the six months ended June 30, 2024 and 2023: 2024 2023 Balance at January 1 $ 96,160 $ 93,553 Increase (decrease): Accrued cash dividends 424 1,637 Accretion - increasing dividend rates 111 687 Adjustment to maximum redemption value 6,228 — Dividends paid ( 2,923 ) ( 3,012 ) Redemption ( 100,000 ) — Balance at March 31 $ — $ 92,865 Increase (decrease): Accrued cash dividends — 1,875 Accretion - increasing dividend rates — 462 Balance at June 30 $ — $ 95,202
CORE Policyholders [Member]
Redeemable Noncontrolling Interest [Line Items]
Summary of Activity of Redeemable Noncontrolling Interest	The following table summarizes the activity of the subscriber surplus contribution during the six months ended June 30, 2024 and 2023: 2024 2023 Balance at January 1 $ — $ — Cash contribution — — Return of contribution — — Noncash reclassification — — Balance at March 31 — — Cash contribution 864 — Return of contribution — — Noncash reclassification ( 73 ) — Balance at June 30 $ 791 $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Company's Stock Option Plan Activity	A summary of the stock option activity for the three and six months ended June 30, 2024 and 2023 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, 2024 590,000 $ 51.54 5.9 years $ 21,156 Outstanding at March 31, 2024 590,000 $ 51.54 5.6 years $ 38,077 Outstanding at June 30, 2024 590,000 $ 51.54 5.4 years $ 23,970 Exercisable at June 30, 2024 590,000 $ 51.54 5.4 years $ 23,970 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 Exercisable at June 30, 2023 412,500 $ 45.07 5.0 years $ 7,447
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 six months ended June 30, 2024 and 2023 is as follows: Number of Weighted Restricted Average Stock Grant Date Awards Fair Value Nonvested at January 1, 2024 271,417 $ 37.12 Vested ( 29,690 ) $ 56.05 Forfeited ( 200 ) $ 51.87 Nonvested at March 31, 2024 241,527 $ 34.78 Granted 204,500 $ 79.33 Vested ( 19,637 ) $ 48.17 Forfeited ( 3,500 ) $ 34.58 Nonvested at June 30, 2024 422,890 $ 55.70 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
Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock	The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three and six months ended June 30, 2024 and 2023. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Deferred tax benefits recognized $ 61 $ 254 $ 160 $ 517 Tax benefits realized for restricted stock and $ 543 $ 521 $ 1,054 $ 820 Fair value of vested restricted stock $ 946 $ 1,580 $ 2,610 $ 3,793

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024 InsurancePolicy	Jun. 30, 2024 USD ($) InsurancePolicy
Nature Of Operations [Line Items]
Assumed Policies	81	81
Annualized Premiums Written | $		$ 120,100
TTIG [Member] | Citizens [Member]
Nature Of Operations [Line Items]
Assumed Policies	300
CORE [Member] | Citizens [Member]
Nature Of Operations [Line Items]
Assumed Policies		10,100

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Summary Of Significant Accounting Policies [Line Items]
Other	$ 682	$ 841	$ 1,037	$ 2,126
Claims processing services
Summary Of Significant Accounting Policies [Line Items]
Other	$ 0	$ 177	$ 0	$ 704
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of voting rights and economic interests in subsidiary			100%

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash - Summary of Cash, Cash Equivalents, and Restricted Cash (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	[1]	$ 445,829	$ 536,478
Restricted cash	[1]	3,303	3,287
Total		$ 449,132	$ 539,765
[1] See Note 13 for details of balances associated with consolidated variable interest entity.

Cash, Cash Equivalents, and R_4

Cash, Cash Equivalents, and Restricted Cash (Additional Information) (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Restricted cash (a)	[1]	$ 3,303	$ 3,287
Pineda Landings Melbourne [Member]
Restricted cash (a)		$ 87
[1] See Note 13 for details of balances associated with consolidated variable interest entity.

Investments - Summary of Amorti

Investments - Summary of Amortized Cost, Allowance for Credit Loss, Gross Unrealized Gains and Losses, and Estimated Fair Value of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	$ 643,892	$ 387,687
Allowance for Credit Loss	0	0
Fixed-maturity securities, Gross Unrealized Gain	319	340
Fixed-maturity securities, Gross Unrealized Loss	(3,969)	(4,789)
Fixed-maturity securities, Estimated Fair Value	640,242	383,238
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	612,692	359,630
Fixed-maturity securities, Gross Unrealized Gain	284	224
Fixed-maturity securities, Gross Unrealized Loss	(2,999)	(3,800)
Fixed-maturity securities, Estimated Fair Value	609,977	356,054
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	30,705	27,563
Fixed-maturity securities, Gross Unrealized Gain	35	116
Fixed-maturity securities, Gross Unrealized Loss	(948)	(975)
Fixed-maturity securities, Estimated Fair Value	29,792	26,704
Fixed-Maturity Securities [Member] | Exchange-Traded Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	495	494
Fixed-maturity securities, Gross Unrealized Gain	0
Fixed-maturity securities, Gross Unrealized Loss	(22)	(14)
Fixed-maturity securities, Estimated Fair Value	$ 473	$ 480

Investments - Scheduled Contrac

Investments - Scheduled Contractual Maturities of Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Cost or Amortized Cost	$ 232,194	$ 234,992
Due after one year through five years, Cost or Amortized Cost	408,367	148,935
Due after five years through ten years, Cost or Amortized Cost	2,837	3,266
Due after ten years, Cost or Amortized Cost	494	494
Fixed-maturity securities, Cost or Amortized Cost	643,892	387,687
Due in one year or less, Estimated Fair Value	229,497	234,025
Due after one year through five years, Estimated Fair Value	407,792	145,758
Due after five years through ten years, Estimated Fair Value	2,480	2,974
Due after ten years, Estimated Fair Value	473	481
Estimated Fair Value Total	$ 640,242	$ 383,238

Investments - Summary of Sales

Investments - Summary of Sales of Available-for-sale Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Available-for-sale Securities [Line Items]
Proceeds			$ 7,646	$ 12,083
Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 1,616	$ 1,023	7,646	12,083
Gross Realized Gains	1	0	13	0
Gross Realized Losses	$ (11)	$ (12)	$ (55)	$ (750)

Investments - Summary of Securi

Investments - Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	$ (405)	$ (44)
Estimated Fair Value, Less than Twelve Months	285,876	5,886
Gross Unrealized Loss, Twelve Months or Longer	(3,564)	(4,745)
Estimated Fair Value, Twelve Months or Longer	151,899	200,881
Gross Unrealized Loss, Total	(3,969)	(4,789)
Estimated Fair Value, Total	437,775	206,767
Fixed-Maturity Securities [Member] | U.S. Treasury and U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(351)	(22)
Estimated Fair Value, Less than Twelve Months	279,112	3,464
Gross Unrealized Loss, Twelve Months or Longer	(2,648)	(3,778)
Estimated Fair Value, Twelve Months or Longer	131,989	181,463
Gross Unrealized Loss, Total	(2,999)	(3,800)
Estimated Fair Value, Total	411,101	184,927
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(32)	(8)
Estimated Fair Value, Less than Twelve Months	6,291	1,941
Gross Unrealized Loss, Twelve Months or Longer	(916)	(967)
Estimated Fair Value, Twelve Months or Longer	19,910	19,418
Gross Unrealized Loss, Total	(948)	(975)
Estimated Fair Value, Total	26,201	21,359
Fixed-Maturity Securities [Member] | Exchange-Traded Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(22)	(14)
Estimated Fair Value, Less than Twelve Months	473	481
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(22)	(14)
Estimated Fair Value, Total	$ 473	$ 481

Investments (Securities with Gr

Investments (Securities with Gross Unrealized Loss Positions) - Additional Information (Detail) $ in Thousands	Jun. 30, 2024 USD ($) Security	Dec. 31, 2023 USD ($) Security
Investments, Debt and Equity Securities [Abstract]
Number of securities in an unrealized loss position | Security	93	65
Fair value of assets held by insurance regulators | $	$ 1,776	$ 1,660

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
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	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Cost	$ 49,192	$ 44,011
Gross Unrealized Gain	6,708	3,945
Gross Unrealized Loss	(2,014)	(2,419)
Equity Securities	$ 53,886	$ 45,537

Investments - Summary of Unreal

Investments - Summary of Unrealized Gains and Losses in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Gain (Loss) on Securities [Line Items]
Net unrealized gains recognized	$ 533	$ 897	$ 3,168	$ 1,426
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Net gains recognized	755	730	3,422	844
Exclude: Net realized gains (losses) recognized for securities sold	$ 222	$ (167)	$ 254	$ (582)

Investments - Summary of Procee

Investments - Summary of Proceeds Received and The Gross Realized Gains and Losses From Sales of Equity Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt and Equity Securities, FV-NI [Line Items]
Proceeds			$ 6,553	$ 6,277
Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	$ 3,037	$ 2,523	6,553	6,277
Gross Realized Gains	389	85	562	102
Gross Realized Losses	$ (167)	$ (252)	$ (308)	$ (684)

Investments - Schedule of Compa

Investments - Schedule of Company's Investments in Limited Partnerships (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023
Investment Securities [Line Items]
Carrying Value		$ 21,856	$ 23,583
Unfunded balance		3,353	4,205
Private US Lower Middle Market Companies [Member]
Investment Securities [Line Items]
Carrying Value	[1],[2],[3]	2,742	3,295
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]	$ 1,866	$ 2,271
Unfunded balance	[1],[2],[5]	$ 0	$ 0
Percentage investment held by the entity	[1],[2],[4],[5]	1.26%	1.25%
Power Utility and Energy Industries and Infrastructure [Member]
Investment Securities [Line Items]
Carrying Value	[2],[6],[7]	$ 3,064	$ 3,400
Unfunded balance	[2],[6],[7]	$ 0	$ 0
Percentage investment held by the entity	[2],[4],[6],[7]	0.17%	0.18%
Senior and Junior Debts of Private Equity-Backed Companies [Member]
Investment Securities [Line Items]
Carrying Value	[2],[8],[9]	$ 2,578	$ 3,306
Unfunded balance	[2],[8],[9]	$ 0	$ 0
Percentage investment held by the entity	[2],[4],[8],[9]	0.55%	0.55%
Mature Real Estate Private Equity Funds And Portfolios Globally [Member]
Investment Securities [Line Items]
Carrying Value	[2],[10]	$ 6,797	$ 7,590
Unfunded balance	[2],[10]	$ 2,543	$ 2,543
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]	$ 4,809	$ 3,721
Unfunded balance	[2],[11]	$ 810	$ 1,662
Percentage investment held by the entity	[2],[4],[11]	0.55%	0.55%
[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)	6 Months Ended
	Jun. 30, 2024
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]
Total income	$ 206,245	$ 127,327	$ 412,859	$ 256,356
Net income	57,099	14,882	114,055	32,675
Balance sheet:
Total assets	1,911,381		1,911,381		$ 1,811,316
Total liabilities	1,457,347		1,457,347		1,387,991
Limited Partnership [Member]
Schedule Of Equity Method Investments [Line Items]
Total income	16,173	(144,193)	19,239	38,167
Total expenses	(17,675)	(24,840)	(43,276)	(27,097)
Net income	(1,502)	$ (169,033)	(24,037)	$ 11,070
Balance sheet:
Total assets	4,101,810		4,101,810		4,072,501
Total liabilities	$ 202,337		$ 202,337		$ 220,525

Investments (Limited Partnershi

Investments (Limited Partnership Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule Of Investments [Line Items]
Net income from limited partnership interests			$ (85)	$ (542)
Distributions received from limited partnership interests			626	421
Limited Partnership [Member]
Schedule Of Investments [Line Items]
Net income from limited partnership interests	$ 110	$ 11		(542)
Cash distributions	2,756	1,112	2,918	3,017
Distributions received from limited partnership interests	626	$ 118	626	$ 421
Company's net cumulative contributed capital to the partnership	22,160		22,160		$ 23,346
Maximum exposure loss relating to VIE	$ 21,856		$ 21,856		$ 23,583

Investments - Summary of Real E

Investments - Summary of Real Estate Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Real Estate [Abstract]
Land	$ 42,272	$ 42,272
Land improvements	4,842	4,387
Buildings and building improvements	18,593	18,594
Tenant and leasehold improvements	2,265	1,869
Other	12,480	7,168
Total, at cost	80,452	74,290
Less: accumulated depreciation and amortization	(6,945)	(6,397)
Real estate investments	$ 73,507	$ 67,893

Investments (Real Estate Invest

Investments (Real Estate Investments) - Additional Information (Detail) - Real Estate Investments [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Investments [Line Items]
Depreciation and amortization expenses under real estate investments	$ 279	$ 228	$ 548	$ 681
Pineda Landings Melbourne [Member]
Schedule Of Investments [Line Items]
Real estate investments sale price		$ 18,500		$ 18,500
Sorrento Hills Village Sorrento [Member]
Schedule Of Investments [Line Items]
Real estate investments sale price	$ 13,418		$ 13,418

Investments - Investment Income

Investments - Investment Income (Loss) Summarized (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule Of Investments [Line Items]
Net income from limited partnership interests			$ 85	$ 542
Real estate investments	$ 3,783	$ 270	5,276	9,563
Net Investment Income	16,881	8,794	30,948	26,509
Available-for-Sale-Fixed-Maturity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	6,020	5,120	10,848	9,155
Equity Securities [Member]
Schedule Of Investments [Line Items]
Investment income	511	378	952	674
Investment Expense [Member]
Schedule Of Investments [Line Items]
Investment expense	(141)	(125)	(220)	(254)
Limited Partnership Investment [Member]
Schedule Of Investments [Line Items]
Net income from limited partnership interests	(110)	(11)	85	542
Cash and Cash Equivalents [Member]
Schedule Of Investments [Line Items]
Investment income	$ 6,818	$ 3,162	$ 14,007	$ 6,829

Investments (Investment Income

Investments (Investment Income (Loss) Summarized) - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net Investment Income [Line Items]
Gain on sale of investment real estate	$ 0	$ 8,936
Real Estate Investments [Member] | Pineda Landings Melbourne [Member]
Net Investment Income [Line Items]
Gain on sale of investment real estate		6,476
Real Estate Investments Sale Price		18,500
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
Real Estate Investments [Member] | HCI Corporate Oaks [Member]
Net Investment Income [Line Items]
Gain on sale of investment real estate	$ 2,497

Investments (Other Investments)

Investments (Other Investments) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Investments [Member]
Schedule Of Investments [Line Items]
Net realized losses	$ 0	$ 51	$ 0	$ 47

Comprehensive Income (Loss) - S

Comprehensive Income (Loss) - Schedule of Components of Other Comprehensive Income or Loss and Related Tax Effects Allocated to Each Component (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Before Tax
Net unrealized gains (losses)	$ 705	$ (2,263)	$ 757	$ 152
Reclassification adjustment for net realized losses (gains)	10	12	42	750
Net change in unrealized gains (losses)	715	(2,251)	799	902
Income Tax Effect
Net unrealized gains (losses)	177	(574)	190	(2,571)
Reclassification adjustment for net realized (gains) losses	2	3	10	190
Total other comprehensive income (loss)	179	(571)	200	(2,381)
Net of Tax
Net unrealized gains (losses)	528	(1,689)	567	2,723
Reclassification adjustment for net realized (gains) losses	8	9	32	560
Total other comprehensive income (loss), net of income taxes	$ 536	$ (1,680)	$ 599	$ 3,283

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Money Market Funds and Certificate Of Deposit Maturity Period	90 days

Fair Value Measurements - Compo

Fair Value Measurements - Components of Long-Term Debt and Methods Used in Estimating Fair Values (Detail)	6 Months Ended
	Jun. 30, 2024
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
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)	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.75%
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%
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		Jun. 30, 2024	Dec. 31, 2023
Financial Assets:
Restricted cash	[1]	$ 3,303	$ 3,287
Debt Securities, Available-for-Sale		640,242	383,238
Equity Securities		53,886	45,537
Fair Value, Measurements, Recurring [Member]
Financial Assets:
Cash and cash equivalents		445,829	536,478
Restricted cash		3,303	3,287
Debt Securities, Available-for-Sale		640,242	383,238
Equity Securities		53,886	45,537
Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Cash and cash equivalents		445,829	536,478
Restricted cash		3,303	3,287
Debt Securities, Available-for-Sale		625,854	368,892
Equity Securities		53,886	45,537
Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		14,388	14,346
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale		609,977	356,054
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		602,042	348,145
U.S. Treasury and U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		7,935	7,909
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale		29,792	26,704
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		23,339	20,267
Corporate Bonds [Member] | Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		6,453	6,437
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member]
Financial Assets:
Debt Securities, Available-for-Sale		473	480
Exchange-Traded Debt [Member] | Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Debt Securities, Available-for-Sale		$ 473	$ 480
[1] See Note 13 for details of balances associated with consolidated variable interest entity.

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Information for Financial Liabilities Carried on Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial Liabilities:
Revolving credit facility	$ 48,000	$ 0
Total long-term debt	184,912	208,495
Carrying Value [Member]
Financial Liabilities:
Revolving credit facility	48,000
Total long-term debt	184,910	208,493
Carrying Value [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	168,806	168,230
Carrying Value [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt		23,916
Carrying Value [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,504	4,640
Carrying Value [Member] | 5.50% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	11,600	11,707
Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Revolving credit facility	48,000
Total long-term debt	240,379	265,520
Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Revolving credit facility	48,000
Total long-term debt	224,909	249,659
Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	15,470	15,861
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt	224,909	215,114
Estimate of Fair Value Measurement [Member] | 4.75% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	224,909	215,114
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Financial Liabilities:
Total long-term debt		34,545
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt		34,545
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt		4,349
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	4,180	4,349
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	4,180
Estimate of Fair Value Measurement [Member] | 5.50% Promissory Note [Member]
Financial Liabilities:
Total long-term debt	11,290	11,512
Estimate of Fair Value Measurement [Member] | 5.50% Promissory Note [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	$ 11,290	$ 11,512

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Information for Financial Liabilities Carried on Consolidated Balance Sheets (Parenthetical) (Detail)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%		4.25%
4.75% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.75%
4.25% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%
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%
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%
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%	5.50%

Intangible Assets, Net - Detail

Intangible Assets, Net - Details of Intangible Assets, Net (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Total, at cost		$ 12,634	$ 12,635
Less: accumulated amortization		(6,202)	(4,976)
Intangible assets, net		6,432	7,659
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	[1]	2,220	2,221
Policy Renewal Rights [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost		10,100	10,100
Noncompete Agreements [Member] | United [Member]
Finite Lived Intangible Assets [Line Items]
Total, at cost	[2]	$ 314	$ 314
[1] Amortization related to the Haines City property is expected to start in November 2024. Fully amortized.

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Remaining Weighted-Average Amortization Period for Intangible Assets (Detail)	Jun. 30, 2024
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	18 years 2 months 12 days
Policy Renewal Rights [Member]
Finite Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	1 year 9 months 18 days

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 12,634	$ 12,635
Other Liabilities [Member]
Finite Lived Intangible Assets [Line Items]
Asset Acquisition, Contingent Consideration, Liability	$ 371	$ 371

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Benefits receivable related to retrospective reinsurance contracts		$ 58,275	$ 44,289
Reimbursement and fees receivable under TPA services		0	629
Prepaid expenses		4,296	2,882
Deposits		401	409
Lease acquisition costs, net		849	833
Other		1,663	1,323
Total other assets	[1]	$ 65,484	$ 50,365
[1] See Note 13 for details of balances associated with consolidated variable interest entity.

Other Assets (Additional Inform

Other Assets (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Credit Loss Expense	$ 351	$ 351

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Line of Credit Facility [Line Items]
Interest Expense	$ 3,452	$ 2,667	$ 6,601	$ 5,468
Revolving credit facility	48,000		48,000		$ 0
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest Expense	892	23	1,630	48
Amortization of Debt Issuance Costs	15	$ 22	30	$ 47
Revolving credit facility	48,000		48,000
Credit facility, maximum borrowing capacity	$ 27,000		$ 27,000

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Finance Lease, Liability		$ 1	$ 2
Total		188,852	213,024
Less: unamortized issuance costs		(3,940)	(4,529)
Total long-term debt		184,912	208,495
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total		172,500	172,500
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total	[1]	0	23,916
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Total		4,561	4,700
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Total		$ 11,790	$ 11,906
[1] Notes converted or redeemed during the first quarter of 2024

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.75%
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
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%
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		6 Months Ended
	Mar. 15, 2024 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%	4.25%	4.25%	4.25%
Loss on extinguishment of debt				$ 0	$ 177
Cash dividends on common stock | $ / shares		$ 0.4	$ 0.4	$ 0.8	$ 0.8
Less: unamortized issuance costs		$ 3,940		$ 3,940		$ 4,529
Redemption of long term debt				$ 466	$ 6,895
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%		4.25%
Debt instrument, maturity date				2037
Convertible debt, conversion ratio				16.5892
Debt Instrument, Convertible Senior Notes, Per Share in Principal Amount | $ / shares		$ 1		$ 1
Convertible debt, conversion price | $ / shares		$ 60.25		$ 60.25
Debt instrument, principal amount		$ 23,916		$ 23,916
Convertible note conversion amount				$ 23,450
Number of stock issued upon conversion of convertible note | shares				389,087
Cash consideration in lieu of fractional shares				$ 1
Redemption of long term debt	$ 466
4.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.75%		4.75%
Debt instrument, maturity date				2042
Convertible debt, conversion ratio				12.4166
Convertible debt, conversion price | $ / shares		$ 80.54		$ 80.54
Debt issuance costs, remaining amortization period				2 years 11 months 1 day
Debt instrument interest rate effective percentage till final maturity				5%
Debt instrument interest rate effective percentage		5.60%		5.60%
5.50% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		5.50%		5.50%

Long-Term Debt - Summary of Fut

Long-Term Debt - Summary of Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Long-Term Debt, Rolling Maturity [Abstract]
2024	$ 530
2025	556
2026	585
2027	173,114
2028	646
Thereafter	13,421
Total	$ 188,852	$ 213,024

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense Related to Long-Term Debt (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest Expense, Debt [Abstract]
Contractual interest		$ 2,264	$ 2,367	$ 4,382	$ 4,864
Non-cash expense (b)	[1]	296	277	589	556
Total		$ 2,560	$ 2,644	$ 4,971	$ 5,420
[1] Includes amortization of debt issuance costs.

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) Reinsurance	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Reinsurance	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) Reinsurance
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	$ 303,162		$ 303,162		$ 350,294
Ceded losses recognized as a reduction in losses and loss adjustment expenses	2,672	$ 1,109	2,672	$ 3,860
Decrease in credit loss expense	3	101	52	102
Allowances for credit losses related to the reinsurance recoverable balance	66		66		118
Reduction in premiums ceded	6,993	6,993	13,986	13,986
Benefits receivable related to retrospective reinsurance contracts	58,275		58,275		44,289
Funds withheld for assumed business	14,353		14,353		30,087
Assumed premiums written	22,613	0	65,704	(7,569)
Reinsurance payable on paid losses and loss adjustment expenses	0		0		3,145
Citizens [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Assumed premiums written	22,613	0	65,704	0
United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Funds withheld for assumed business	14,353		14,353
Net amount due to entity	2,020		2,020
Northeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	582		582		582
Southeast Region [Member] | United [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Net amount payable	1,438		1,438		4,203
Assumed premiums written payable	1,712		1,712		1,712
Assumed premiums written		$ 0		$ 7,569
Reinsurance payable on paid losses and loss adjustment expenses					2,765
Ceding commission receivable	$ 274		$ 274		$ 274
Participating Reinsurers [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Number of reinsurers | Reinsurance	44		44		33
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			71.40%

Reinsurance - Impact of the Rei

Reinsurance - Impact of the Reinsurance Contracts on Premiums Written and Earned (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2024		Jun. 30, 2023
Premiums Written:
Direct	$ 284,289		$ 179,983		$ 496,184		$ 387,406
Assumed	22,613		0		65,704		(7,569)
Gross written	306,902		179,983		561,888		379,837
Ceded	(76,713)		(66,390)		(144,819)		(136,899)
Net premiums written	230,189		113,593		417,069		242,938
Premiums Earned:
Direct	201,791		181,946		391,466		354,851
Assumed	61,770		0		128,739		7,163
Gross earned	263,561	[1]	181,946	[2]	520,205	[3]	362,014	[4]
Ceded	(76,713)		(66,390)		(144,819)		(136,899)
Net premiums earned	$ 186,848		$ 115,556		$ 375,386		$ 225,115
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 143,702 from HCPCI and $ 6,655 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 96,875 from HCPCI and $ 4,915 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 292,973 from HCPCI and $ 12,766 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 189,331 from HCPCI and $ 9,450 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			6 Months Ended
		Jun. 30, 2024		Jun. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net balance, beginning of period*	[1]	$ 273,425		$ 246,051	$ 254,351		$ 246,546
Incurred, net of reinsurance, related to:
Current period		73,506		60,968	153,428		117,666
Prior periods		4,818		922	4,818		4,789
Total incurred, net of reinsurance		78,324		61,890	158,246		122,455
Paid, net of reinsurance, related to:
Current period		(31,771)		(27,105)	(49,560)		(38,215)
Prior periods		(28,193)		(37,250)	(71,252)		(87,200)
Total paid, net of reinsurance		(59,964)		(64,355)	(120,812)		(125,415)
Net balance, end of period		291,785		243,586	291,785		243,586
Add: reinsurance recoverable before allowance for credit losses		279,861		505,369	279,861		505,369
Gross balance, end of period		$ 571,646	[2]	$ 748,955	$ 571,646	[2]	$ 748,955
[1] Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE. See Note 13 for details of balances associated with consolidated variable interest entity.

Losses and Loss Adjustment Ex_4

Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Prior periods	$ 4,818	$ 922	$ 4,818	$ 4,789
Total incurred, net of reinsurance	78,324	$ 61,890	158,246	$ 122,455
Citizens [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Total incurred, net of reinsurance	16,782		38,460
Accident Year 2023 and Prior [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Prior periods	$ 4,818		$ 4,818

Variable Interest Entity - Summ

Variable Interest Entity - Summary of Unaudited Financial Information and Unaudited Financial Position (Details) - USD ($) $ in Thousands		Jun. 30, 2024		Dec. 31, 2023		Jun. 30, 2023
Assets [Abstract]
Cash and cash equivalents	[1]	$ 445,829		$ 536,478
Income taxes receivable	[1]	2,820		0
Premiums receivable	[1]	58,114		38,037
Assumed premiums receivable	[1]	7,562		19,954
Prepaid reinsurance premium	[1]	123,955		86,232
Deferred policy acquisition costs	[1]	52,564		42,910
Other Assets	[1]	65,484		50,365
Total assets		1,911,381		1,811,316
Liabilities [Abstract]
Losses and loss adjustment expenses		571,646	[1]	585,073	[1]	$ 748,955
Unearned premiums	[1]	542,839		501,157
Advance premiums	[1]	24,119		15,895
Ceded reinsurance premiums payable	[1]	7,950		8,921
Accrued expenses	[1]	27,860		19,722
Deferred income taxes, net	[1]	4,328		0
Other liabilities	[1]	35,426		35,623
Total liabilities		1,457,347		1,387,991
CORE [Member]
Assets [Abstract]
Cash and cash equivalents		48,109		24,635
Restricted cash		302		300
Income taxes receivable		2,820		0
Premiums receivable		3,792		0
Assumed premiums receivable		11,014		0
Prepaid reinsurance premium		6,512		0
Deferred policy acquisition costs		1,426		0
Other Assets		504		65
Total assets		74,479		25,000
Liabilities [Abstract]
Losses and loss adjustment expenses		1,111		0
Unearned premiums		39,093		0
Advance premiums		265		0
Ceded reinsurance premiums payable		796		0
Accrued expenses		1,128		0
Deferred income taxes, net		1,440		0
Other liabilities		165		0
Total liabilities		$ 43,998		$ 0
[1] See Note 13 for details of balances associated with consolidated variable interest entity.

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Number of operating divisions			5
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	57.30%	65.10%	60.20%	63.30%
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | TypTap Group [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	37.20%	33.40%	35.70%	34.90%
Assets [Member] | Segment Concentration Risk [Member] | HCPCI Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			54.90%		55.30%
Assets [Member] | Segment Concentration Risk [Member] | TypTap Group [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage			32%		33.60%

Segment Information - Summary o

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2024		Jun. 30, 2023
Revenue:
Gross premiums earned		$ 263,561	[1]	$ 181,946	[2]	$ 520,205	[3]	$ 362,014	[4]
Premiums ceded		(76,713)		(66,390)		(144,819)		(136,899)
Net premiums earned		186,848		115,556		375,386		225,115
Net income from investment portfolio		17,626		9,461		34,328		26,556
Gain from sales of real estate investments								0
Policy fee income		1,089		1,469		2,108		2,559
Other		682		841		1,037		2,126
Total revenue		206,245		127,327		412,859		256,356
Expenses:
Losses and loss adjustment expenses		78,324		61,890		158,246		122,455
Amortization of deferred policy acquisition costs		21,951		21,422		42,882		42,906
Other policy acquisition expenses		1,501		1,196		2,709		2,432
Stock-based compensation expense		2,376		1,867		3,958		3,973
Interest expense		3,452		2,667		6,601		5,468
Depreciation and amortization		1,564		1,465		3,054		2,852
Loss on extinguishment of debt						0		(177)
Personnel and other operating expenses		21,051		16,554		41,953		32,868
Total expenses		130,219		107,061		259,403		212,954
Income before income taxes		76,026	[5]	20,266		153,456	[6]	43,402
Gross premiums written		306,902		179,983		561,888		379,837
Operating Segments [Member] | HCPCI Insurance Operations [Member]
Revenue:
Gross premiums earned		150,357	[1]	101,790	[2]	305,739	[3]	198,781	[4]
Premiums ceded		(46,828)		(40,453)		(90,154)		(80,648)
Net premiums earned		103,529		61,337		215,585		118,133
Net income from investment portfolio		7,087		4,393		15,315		7,347
Gain from sales of real estate investments								0
Policy fee income		571		551		1,075		1,114
Other		3,689		3,717		7,227		8,370
Total revenue		114,876		69,998		239,202		134,964
Expenses:
Losses and loss adjustment expenses		37,856		27,653		76,870		56,435
Amortization of deferred policy acquisition costs		11,017		10,000		21,153		19,621
Other policy acquisition expenses		609		617		1,188		1,272
Stock-based compensation expense		319		498		688		994
Interest expense		0		0		0		0
Depreciation and amortization		139		141		277		280
Loss on extinguishment of debt								0
Personnel and other operating expenses		14,457		8,916		26,205		18,835
Total expenses		64,397		47,825		126,381		97,437
Income before income taxes		50,479	[5]	22,173		112,821	[6]	37,527
Total revenue from non-affiliates		105,143	[7]	62,240	[8]	220,099	[9]	119,169	[10]
Gross premiums written		191,774		140,545		283,649		225,698
Operating Segments [Member] | TypTap Group [Member]
Revenue:
Gross premiums earned		107,055	[1]	85,071	[2]	210,803	[3]	172,683	[4]
Premiums ceded		(30,271)		(30,848)		(58,944)		(65,671)
Net premiums earned		76,784		54,223		151,859		107,012
Net income from investment portfolio		5,008		3,602		9,551		6,981
Gain from sales of real estate investments								0
Policy fee income		518		918		1,033		1,445
Other		3,556		1,190		5,051		2,833
Total revenue		85,866		59,933		167,494		118,271
Expenses:
Losses and loss adjustment expenses		38,790		34,937		79,343		67,993
Amortization of deferred policy acquisition costs		10,846		11,422		21,641		23,285
Other policy acquisition expenses		514		597		1,033		1,208
Stock-based compensation expense		656		658		1,357		1,487
Interest expense		1,806		430		3,306		861
Depreciation and amortization		1,130		1,030		2,218		1,986
Loss on extinguishment of debt								0
Personnel and other operating expenses		10,210		9,938		20,180		19,371
Total expenses		63,952		59,012		129,078		116,191
Income before income taxes		21,914	[5]	921		38,416	[6]	2,080
Total revenue from non-affiliates		89,947	[7]	67,411	[8]	178,030	[9]	128,697	[10]
Gross premiums written		79,093		39,438		222,717		154,139
Operating Segments [Member] | Reciprocal Exchange Operation [Member]
Revenue:
Gross premiums earned		12,804	[1]			16,429	[3]
Premiums ceded		(6,269)				(8,487)
Net premiums earned		6,535				7,942
Net income from investment portfolio		139				195
Policy fee income		0				0
Other		9				9
Total revenue		6,683				8,146
Expenses:
Losses and loss adjustment expenses		1,605				2,873
Amortization of deferred policy acquisition costs		88				88
Other policy acquisition expenses		1,805				2,351
Stock-based compensation expense		0				0
Interest expense		559				1,371
Depreciation and amortization		0				0
Personnel and other operating expenses		52				106
Total expenses		4,109				6,789
Income before income taxes		2,574	[5]			1,357	[6]
Total revenue from non-affiliates		7,895	[7]			9,811	[9]
Gross premiums written		36,035				55,522
Operating Segments [Member] | Real Estate Operations [Member]
Revenue:
Gross premiums earned		0	[1],[11]	0	[2],[12]	0	[3],[13]	0	[4],[14]
Premiums ceded		0	[11]	0	[12]	0	[13]	0	[14]
Net premiums earned		0	[11]	0	[12]	0	[13]	0	[14]
Net income from investment portfolio		0	[11]	0	[12]	0	[13]	0	[14]
Gain from sales of real estate investments	[14]							8,936
Policy fee income		0	[11]	0	[12]	0	[13]	0	[14]
Other		5,834	[11]	2,132	[12]	9,281	[13]	5,055	[14]
Total revenue		5,834	[11]	2,132	[12]	9,281	[13]	13,991	[14]
Expenses:
Losses and loss adjustment expenses		0	[11]	0	[12]	0	[13]	0	[14]
Amortization of deferred policy acquisition costs		0	[11]	0	[12]	0	[13]	0	[14]
Other policy acquisition expenses		0	[11]	0	[12]	0	[13]	0	[14]
Stock-based compensation expense		0	[11]	0	[12]	0	[13]	0	[14]
Interest expense		221	[11]	67	[12]	444	[13]	270	[14]
Depreciation and amortization		418	[11]	326	[12]	798	[13]	953	[14]
Loss on extinguishment of debt	[14]							177
Personnel and other operating expenses		1,629	[11]	1,501	[12]	3,063	[13]	3,055	[14]
Total expenses		2,268	[11]	1,894	[12]	4,305	[13]	4,455	[14]
Income before income taxes		3,566	[5],[11]	238	[12]	4,976	[6],[13]	9,536	[14]
Total revenue from non-affiliates		4,992	[7],[11]	1,325	[8],[12]	7,598	[9],[13]	12,376	[10],[14]
Operating Segments [Member] | Corporate and Other [Member]
Revenue:
Gross premiums earned		0	[1],[15]	0	[2],[16]	0	[3],[17]	0	[4],[18]
Premiums ceded		0	[15]	0	[16]	0	[17]	0	[18]
Net premiums earned		0	[15]	0	[16]	0	[17]	0	[18]
Net income from investment portfolio		3,975	[15]	1,627	[16]	8,669	[17]	3,527	[18]
Gain from sales of real estate investments	[18]							0
Policy fee income		0	[15]	0	[16]	0	[17]	0	[18]
Other		3,611	[15]	677	[16]	4,641	[17]	1,272	[18]
Total revenue		7,586	[15]	2,304	[16]	13,310	[17]	4,799	[18]
Expenses:
Losses and loss adjustment expenses		0	[15]	0	[16]	0	[17]	0	[18]
Amortization of deferred policy acquisition costs		0	[15]	0	[16]	0	[17]	0	[18]
Other policy acquisition expenses		0	[15]	0	[16]	0	[17]	0	[18]
Stock-based compensation expense		1,401	[15]	711	[16]	1,913	[17]	1,492	[18]
Interest expense		3,231	[15]	2,600	[16]	6,157	[17]	5,198	[18]
Depreciation and amortization		162	[15]	204	[16]	322	[17]	406	[18]
Loss on extinguishment of debt	[18]							0
Personnel and other operating expenses		4,140	[15]	1,855	[16]	7,873	[17]	3,444	[18]
Total expenses		8,934	[15]	5,370	[16]	16,265	[17]	10,540	[18]
Income before income taxes		(1,348)	[5],[15]	(3,066)	[16]	(2,955)	[6],[17]	(5,741)	[18]
Total revenue from non-affiliates		2,265	[7],[15]	1,735	[8],[16]	6,350	[9],[17]	3,661	[10],[18]
Intersegment Eliminations [Member]
Revenue:
Gross premiums earned		(6,655)	[1]	(4,915)	[2]	(12,766)	[3]	(9,450)	[4]
Premiums ceded		6,655		4,911		12,766		9,420
Net premiums earned		0		(4)		0		(30)
Net income from investment portfolio		1,417		(161)		598		8,701
Gain from sales of real estate investments								(8,936)
Policy fee income		0		0		0		0
Other		(16,017)		(6,875)		(25,172)		(15,404)
Total revenue		(14,600)		(7,040)		(24,574)		(15,669)
Expenses:
Losses and loss adjustment expenses		73		(700)		(840)		(1,973)
Amortization of deferred policy acquisition costs		0		0		0		0
Other policy acquisition expenses		(1,427)		(18)		(1,863)		(48)
Stock-based compensation expense		0		0		0		0
Interest expense		(2,365)		(430)		(4,677)		(861)
Depreciation and amortization		(285)		(236)		(561)		(773)
Loss on extinguishment of debt								(177)
Personnel and other operating expenses		(9,437)		(5,656)		(15,474)		(11,837)
Total expenses		(13,441)		(7,040)		(23,415)		(15,669)
Income before income taxes		$ (1,159)	[5]	$ 0		$ (1,159)	[6]	$ 0
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 143,702 from HCPCI and $ 6,655 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 96,875 from HCPCI and $ 4,915 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 292,973 from HCPCI and $ 12,766 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 189,331 from HCPCI and $ 9,450 from a reinsurance company. The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions between the reciprocal exchange operations and the AIF operations. The reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while the AIF operations recognize service fee revenues according to U.S. GAAP revenue recognition standards. Although both service fee expenses and revenues are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition. 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 operations and management fees for attorney-in-fact services. Other revenue under corporate and other primarily consisted of revenue from marina operations. Other revenue under corporate and other primarily consisted of revenue from marina operations and management fees for attorney-in-fact services. Other revenue under corporate and other primarily consisted of revenue from marina operations.

Segment Information - Summary_2

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2024		Jun. 30, 2023
Segment Reporting Information [Line Items]
Gross premiums earned	$ 263,561	[1]	$ 181,946	[2]	$ 520,205	[3]	$ 362,014	[4]
Reinsurance [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	6,655		4,915		12,766		9,450
HCPCI [Member]
Segment Reporting Information [Line Items]
Gross premiums earned	$ 143,702		$ 96,875		$ 292,973		$ 189,331
[1] Gross premiums earned under HCPCI Insurance Operations consist of $ 143,702 from HCPCI and $ 6,655 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 96,875 from HCPCI and $ 4,915 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 292,973 from HCPCI and $ 12,766 from a reinsurance company. Gross premiums earned under HCPCI Insurance Operations consist of $ 189,331 from HCPCI and $ 9,450 from a reinsurance company.

Segment Information - Summary_3

Segment Information - Summary of Segment Assets Reconciled to Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 1,911,381	$ 1,811,316
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(316,912)	(136,375)
HCPCI Insurance Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	1,021,739	933,116
TypTap Group [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	665,767	623,366
Reciprocal Exchange Operation [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	79,756	25,000
Real Estate Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	136,895	132,257
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 324,136	$ 233,952

Leases - Summary of Right-of-us

Leases - Summary of Right-of-use Assets and Liabilities for Operating and Finance Leases (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Operating leases:
ROU Assets	$ 1,296	$ 1,407
Liabilities	$ 1,305	$ 1,408
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	$ 0	$ 1
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	$ 1	$ 2

Leases - Summary of the Company

Leases - Summary of the Company's operating and finance leases - the Company is lessee (Detail)	6 Months Ended
	Jun. 30, 2024
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 3 months	[2]
Office Equipment [Member] | Maximum [Member]
Operating lease:
Initial Term	63 months	[1]
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	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
2024	$ 289
2025	299
2026	308
2027	303
2028	123
Thereafter	190
Total lease payments	1,512
Less: interest	207
Total lease obligations	1,305	$ 1,408
2024	1
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total lease payments	1
Less: interest	0
Total lease obligations	$ 1	$ 2

Leases -The Company's operating

Leases -The Company's operating and finance leases (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finance lease costs:
Amortization - ROU assets	[1]	$ 0	$ 4	$ 0	$ 8
Operating lease costs	[1]	76	77	145	129
Short-term lease costs	[1]	83	74	175	167
Total lease costs		$ 159	$ 155	320	304
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases				142	73
Financing cash flows – finance leases				$ 1	$ 7
Weighted-average remaining lease term:
Finance leases (in years)		3 months 18 days		3 months 18 days
Operating leases (in years)		5 years 1 month 6 days		5 years 1 month 6 days
Weighted-average discount rate:
Finance leases (%)		2.40%		2.40%
Operating leases (%)		6%		6%
[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)	6 Months Ended
	Jun. 30, 2024	[1]
Office space [Member]
Operating lease:
Renewal Option	true
Office space [Member] | Minimum [Member]
Operating lease:
Initial Term	1 year
Office space [Member] | Maximum [Member]
Operating lease:
Initial Term	3 years
Retail space [Member]
Operating lease:
Renewal Option	true
Retail space [Member] | Minimum [Member]
Operating lease:
Initial Term	3 years
Retail space [Member] | Maximum [Member]
Operating lease:
Initial Term	20 years
Boat docks/wet slips [Member]
Operating lease:
Renewal Option	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.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 18,927	$ 5,384	$ 39,401	$ 10,727
Effective tax rate	24.90%	26.60%	25.70%	24.70%

Earnings Per Share - Summary of

Earnings Per Share - Summary of Numerator and Denominator of Basic and Fully Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income		$ 57,099	$ 14,882	$ 114,055		$ 32,675
Less: Net income attributable to redeemable noncontrolling interest		0	(2,337)	(10,149)		(4,661)
Less: Net income attributable to noncontrolling interests		(3,023)	(102)	(2,219)		(233)
Net income attributable to HCI		54,076	12,443	101,687		27,781
Less: Income attributable to participating securities		(2,052)	(427)	(3,243)		(985)
Basic Earnings Per Share:
Income allocated to common stockholders (Numerator)		$ 52,024	$ 12,016	$ 98,444		$ 26,796
Income allocated to common stockholders, Shares (Denominator)	[1]	10,041	8,302	9,897		8,290
Basic earnings per share		$ 5.18	$ 1.45	$ 9.95		$ 3.23
Diluted Earnings Per Share:
(Loss) income available to common stockholders and assumed conversions, Income (Numerator)		$ 53,777	$ 13,940	$ 101,837		$ 30,640
Income available to common stockholders and assumed conversions (Denominator)	[1]	12,696	10,921	12,661		10,886
Diluted earnings per share		$ 4.24	$ 1.28	$ 8.04		$ 2.81
Warrant [Member]
Diluted Earnings Per Share:
Dilutive Securities, Shares (Denominator)	[1]	215	7	262
Convertible Senior Notes [Member]
Diluted Earnings Per Share:
Convertible senior notes (Numerator)		$ 1,753	$ 1,924	$ 3,393	[1]	$ 3,844	[1]
Dilutive Securities, Shares (Denominator)	[1]	2,142	2,538	2,212		2,538
Stock Options [Member]
Diluted Earnings Per Share:
Dilutive Securities, Shares (Denominator)	[1]	298	74	290		58
[1] For the six months ended June 30, 2023 , warrants were excluded due to anti-dilutive effect.

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interests - Summary of Activity of Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Jan. 22, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Temporary Equity [Line Items]
Redeemable noncontrolling interest	$ 791		$ 96,695	$ 96,160
Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Redeemable noncontrolling interest	0	$ 0		96,160	$ 95,202	$ 92,865	$ 93,553
TTIG [Member] | Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Redeemable noncontrolling interest	0			96,160
Subscriber surplus contribution
Temporary Equity [Line Items]
Redeemable noncontrolling interest	$ 791	$ 0		$ 0	$ 0	$ 0	$ 0

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
	Jan. 22, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Temporary Equity [Line Items]
Preferred Stock, Redemption Amount	$ 102,923
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests, Total	96,695	$ 791				$ 791		$ 96,160
Fair Value Adjustment Of Warrant	3,386					3,386
Temporary Equity, Accretion to Redemption Value, Adjustment						6,228
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest, Total		0		$ 2,337		10,149	$ 4,661
Accrued cash dividends				1,875		424	3,512
Accretion - increasing dividend rates				462		111	1,149
Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred Stock, Redemption Amount			$ 100,000		$ 0
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests, Total		0	0	95,202	92,865	0	$ 95,202	96,160	$ 93,553
Temporary Equity, Accretion to Redemption Value, Adjustment			6,228		0
Accrued cash dividends		0	424	1,875	1,637
Accretion - increasing dividend rates		0	$ 111	$ 462	$ 687
TTIG [Member] | Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests, Total		$ 0				$ 0		$ 96,160
Preferred Stock - Par Value [Member] | Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred Stock, Redemption Amount	100,000
Unpaid Dividends [Member] | Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred Stock, Redemption Amount	$ 2,923

Redeemable Noncontrolling Int_5

Redeemable Noncontrolling Interest - Summary of Activity of Redeemable Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 22, 2024
Beginning Balance		$ 96,160			$ 96,160
Increase (decrease):
Accrued cash dividends			$ 1,875		424	$ 3,512
Accretion - increasing dividend rates			462		111	1,149
Adjustment to maximum redemption value					6,228
Cash dividends paid to redeemable noncontrolling interest					(2,923)	(3,012)
Redemption							$ (102,923)
Ending Balance	$ 791				791
Series A Preferred Stock [Member]
Beginning Balance	0	96,160	92,865	$ 93,553	96,160	93,553
Increase (decrease):
Accrued cash dividends	0	424	1,875	1,637
Accretion - increasing dividend rates	0	111	462	687
Adjustment to maximum redemption value		6,228		0
Cash dividends paid to redeemable noncontrolling interest		(2,923)		(3,012)
Redemption		(100,000)		0
Ending Balance	$ 0	$ 0	$ 95,202	$ 92,865	$ 0	$ 95,202

Redeemable Noncontrolling Int_6

Redeemable Noncontrolling Interests - Subscriber Surplus Contributions in Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024
Temporary Equity [Line Items]
Beginning Balance		$ 96,160			$ 96,160
Noncash reclassification	$ 73				73
Ending Balance	791				791
Subscriber surplus contribution
Temporary Equity [Line Items]
Beginning Balance	0	0	$ 0	$ 0	0
Cash contribution	864	0	0	0
Return of contribution	0	0	0	0
Noncash reclassification	(73)	0	0	0
Ending Balance	$ 791	$ 0	$ 0	$ 0	$ 791

Equity (Common Stock) - Additio

Equity (Common Stock) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Apr. 24, 2024	Jan. 22, 2024
Class of Stock [Line Items]
Dividends per common share	$ 0.4
Dividends, date of declared	Apr. 24, 2024
Dividends, date of record	May 17, 2024
Dividends, date of payment	Jun. 21, 2024
Maximum [Member]
Class of Stock [Line Items]
Capital Raise From Common Stock Issuance		$ 75,000

Equity (Warrants) - Additional

Equity (Warrants) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Jan. 22, 2024	Jun. 30, 2024
Class of Stock [Line Items]
Warrants		450,000
Exercise price		$ 54.4
Remaining Warrants	450,000
Warrants Expiration Date	Feb. 26, 2025
Warrants Exercised Date	Mar. 11, 2024
Fair value of the warrants	$ 3,386	$ 3,386
Original Warrants [Member]
Class of Stock [Line Items]
Underlying Warrants	300,000
Warrant Increment One [Member]
Class of Stock [Line Items]
Warrants Expiration Date	Dec. 31, 2026	Dec. 31, 2026
Warrant Increment One [Member] | Amended Warrants [Member]
Class of Stock [Line Items]
Warrants Outstanding One	150,000	150,000
Warrant Increment Two [Member]
Class of Stock [Line Items]
Warrants Expiration Date	Dec. 31, 2027	Dec. 31, 2027
Warrant Increment Two [Member] | Amended Warrants [Member]
Class of Stock [Line Items]
Warrants Outstanding Two	150,000	150,000
Warrant Increment Three [Member]
Class of Stock [Line Items]
Warrants Expiration Date	Dec. 31, 2028	Dec. 31, 2028
Warrant Increment Three [Member] | Amended Warrants [Member]
Class of Stock [Line Items]
Warrants Outstanding Three	150,000	150,000

Equity (Share Repurchase Agreem

Equity (Share Repurchase Agreement) (Additional Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Class of Stock [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
Stock repurchased and retired, total costs	$ 1,037	$ 784
4.75% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.75%

Equity (Noncontrolling Interest

Equity (Noncontrolling Interest) - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) InsurancePolicy shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2024 USD ($) InsurancePolicy shares	Jun. 30, 2023 USD ($) shares	Dec. 31, 2023 shares
Class of Stock [Line Items]
Common stock, outstanding	10,472,741		10,472,741		9,738,183
Purchase of noncontrolling interests | $			$ 92	$ 237
Assumed Policies | InsurancePolicy	81		81
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares	4,722	8,614	10,378	14,498
TTIG [Member]
Class of Stock [Line Items]
Common stock, outstanding	80,292,834		80,292,834
Purchase of noncontrolling interests | $	$ 49	$ 39	$ 82	$ 237
TTIG [Member] | Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares	23,071	28,700	45,858	62,808
TTIG [Member] | Noncontrolling Interests [Member]
Class of Stock [Line Items]
Common stock, outstanding	5,292,834		5,292,834
TTIG [Member] | Former Employee [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares	6,830		6,830
Purchase of noncontrolling interests | $	$ 12		$ 12
TTIG [Member] | Former Employee [Member] | Inducement Costs [Member]
Class of Stock [Line Items]
Purchase of noncontrolling interests | $			$ 2

Stock-Based Compensation (2012

Stock-Based Compensation (2012 Omnibus Incentive Plan) - Additional Information (Detail)	Jun. 30, 2024 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares available for grant	761,406

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Options) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised	0	0	0	0
Recognized compensation expenses	$ 2,376	$ 1,867	$ 3,958	$ 3,973
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period				4 years
Stock options exercisable contractual term				10 years
Recognized compensation expenses	0	76	14	$ 166
Deferred tax benefits recognized	0	$ 0	0	$ 0
Unrecognized compensation expense related to nonvested stock options	$ 0		$ 0		$ 14

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Company's Stock Option Plan Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, Beginning Balance, Number of Options	590,000	440,000	590,000	440,000	440,000
Outstanding, Ending Balance, Number of Options	590,000	440,000	590,000	440,000	590,000	440,000
Exercisable, Number of Options			590,000	412,500
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 51.54	$ 45.25	$ 51.54	$ 45.25	$ 45.25
Outstanding, Ending Balance, Weighted Average Exercise Price	$ 51.54	$ 45.25	51.54	45.25	$ 51.54	$ 45.25
Exercisable, Weighted-Average Exercise Price			$ 51.54	$ 45.07
Outstanding, Weighted-Average Remaining Contractual Term	5 years 7 months 6 days	5 years 3 months 18 days	5 years 4 months 24 days	5 years 1 month 6 days	5 years 10 months 24 days	5 years 7 months 6 days
Exercisable, Weighted-Average Remaining Contractual Term			5 years 4 months 24 days	5 years
Outstanding, Aggregate Intrinsic Value	$ 38,077	$ 3,146	$ 23,970	$ 7,863	$ 21,156	$ 0
Exercisable, Aggregate Intrinsic Value			$ 23,970	$ 7,447

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
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, shares	241,527	271,417	305,982	342,459
Granted, Number of Restricted Stock Awards	204,500		7,000	6,000
Vested, Number of Restricted Stock Awards	(19,637)	(29,690)	(34,689)	(40,352)
Forfeited, Number of Restricted Stock Awards	(3,500)	(200)	(295)	(2,125)
Ending balance, shares	422,890	241,527	277,998	305,982
Nonvested, Weighted-Average Grant Date Fair Value, Beginning balance	$ 34.78	$ 37.12	$ 38.11	$ 39.86
Granted, Weighted-Average Grant Date Fair Value	79.33		58.52	51.76
Vested, Weighted-Average Grant Date Fair Value	48.17	56.05	45.56	54.83
Forfeited, Weighted-Average Grant Date Fair Value	34.58	51.87	55.41	40.33
Nonvested, Weighted-Average Grant Date Fair Value, Ending balance	$ 55.7	$ 34.78	$ 37.68	$ 38.11

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) - Additional Information (Detail) $ / shares in Units, $ in Thousands		3 Months Ended			6 Months Ended
	Apr. 17, 2024 TradingDay $ / shares shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares	Mar. 31, 2023 shares	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		$ 2,376	$ 1,867		$ 3,958	$ 3,973
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses		1,720	$ 1,133		2,587	$ 2,320
Unrecognized compensation expense related to nonvested restricted stock		$ 17,547			$ 17,547		$ 4,043
Number of shares issued | shares		204,500	7,000	6,000
Recognition of remaining compensation expense over a weighted-average period					2 years 9 months 18 days
04-17-2024 Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued | shares	200,000
Vesting period, description	The shares will vest equally over a period of four years, with vesting dates of March 15, 2025, 2026, 2027, and 2028, under the condition that the price per share reaches $200 for a period of 30 consecutive trading days.
Common Stock Target Price | $ / shares	$ 200
Number of consecutive trading days required for shares to vest | TradingDay	30
Common stock target price | $ / shares	$ 200

Stock-Based Compensation - Info

Stock-Based Compensation - Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock (Detail) - Restricted Stock [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred tax benefits recognized	$ 61	$ 254	$ 160	$ 517
Tax benefits realized for restricted stock and paid dividends	543	521	1,054	820
Fair value of vested restricted stock	$ 946	$ 1,580	$ 2,610	$ 3,793

Stock-Based Compensation (Subsi

Stock-Based Compensation (Subsidiary Equity Plan) - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	$ 2,376	$ 1,867	$ 3,958	$ 3,973
TTIG [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expenses	656	$ 658	1,357	$ 1,487
Unrecognized compensation expense related to nonvested restricted stock and stock options	$ 3,022		$ 3,022		$ 4,438

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Unfunded balance	$ 3,353	$ 4,205
Amount of FIGA assessments payable	$ 2,378

Related Party Transaction (Addi

Related Party Transaction (Additional Information) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Related Party Transactions [Abstract]
Premium protection reinsurance	$ 1,099

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands				3 Months Ended		6 Months Ended
	Jul. 03, 2024 $ / shares	Jul. 01, 2024 USD ($) PromissoryNotes $ / shares shares	Apr. 24, 2024 $ / shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 shares
Subsequent Event [Line Items]
Common stock, shares issued | shares				10,472,741		10,472,741		9,738,183
Common stock, outstanding | shares				10,472,741		10,472,741		9,738,183
Stock-based compensation expense				$ 2,376	$ 1,867	$ 3,958	$ 3,973
Debt instrument stated interest rate				4.25%	4.25%	4.25%	4.25%
Dividends per common share | $ / shares			$ 0.4
Dividends, date of declared			Apr. 24, 2024
Dividends, date of record			May 17, 2024
Dividends, date of paid			Jun. 21, 2024
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, shares issued | shares		2,500,000
Common stock, outstanding | shares		2,500,000
Common stock par value | $ / shares		$ 1
Promissory note, value		$ 117,994
Stock-based compensation expense		$ 1,087
Debt instrument stated interest rate		2%
Debt conversion, converted instrument, due date		Jun. 01, 2025
Dividends per common share | $ / shares	$ 0.4
Number of promissory note issued | PromissoryNotes		3
Dividends, date of declared	Jul. 03, 2024
Dividends, date of record	Aug. 16, 2024
Dividends, date of paid	Sep. 20, 2024
Subsequent Event [Member] | 2% Promissory Note [Member] | Before Reduction [Member]
Subsequent Event [Line Items]
Promissory note, value		$ 40,000
Subsequent Event [Member] | 2% Promissory Note [Member] | After Reduction [Member]
Subsequent Event [Line Items]
Promissory note, value		$ 2,994