HCI (HCI) 10-K 6 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Feb. 26, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
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	5300 West Cypress Street
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33607
City Area Code	813
Local Phone Number	849-9500
Document Annual Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		7,962,414
Entity Public Float			$ 263,602,883
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Documents Incorporated by Reference	The information required by Part III of this Form 10-K is incorporated by reference from the registrant’s definitive proxy statement which will be filed not later than 120 days after the end of the fiscal year covered by this Form 10-K.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Fixed-maturity securities, available for sale, at fair value (amortized cost: $199,954 and $184,670, respectively)	$ 202,839	$ 182,723
Equity securities, at fair value (cost: $31,863 and $45,671, respectively)	35,285	41,143
Short-term investments	491	66,479
Limited partnership investments, at equity	28,346	32,293
Investment in unconsolidated joint venture, at equity	762	845
Assets held for sale		9,810
Real estate investments	73,763	54,490
Total investments	341,486	387,783
Cash and cash equivalents	229,218	239,458
Restricted cash	700	700
Accrued interest and dividends receivable	1,616	1,792
Income taxes receivable	1,040	971
Premiums receivable	20,255	16,667
Prepaid reinsurance premiums	17,983	17,932
Reinsurance recoverable:
Paid losses and loss adjustment expenses	16,155	11,151
Unpaid losses and loss adjustment expenses	116,523	112,760
Deferred policy acquisition costs	21,663	16,507
Property and equipment, net	14,698	13,338
Intangible assets, net	4,192	4,800
Other assets	17,080	9,004
Total assets	802,609	832,863
Liabilities and Stockholders’ Equity
Losses and loss adjustment expenses	214,697	207,586
Unearned premiums	181,163	157,729
Advance premiums	5,589	6,192
Assumed reinsurance balances payable	76	14
Accrued expenses	10,059	6,483
Deferred income taxes, net	4,008	1,068
Revolving credit facility	9,750
Long-term debt	163,695	250,150
Other liabilities	28,029	22,200
Total liabilities	617,066	651,422
Commitments and contingencies (Note 23)
Stockholders’ equity:
Preferred stock
Common stock (no par value, 40,000,000 shares authorized, 7,764,564 and 8,356,730 shares issued and outstanding in 2019 and 2018, respectively)
Additional paid-in capital
Retained income	183,365	182,894
Accumulated other comprehensive income (loss) , net of taxes	2,178	(1,453)
Total stockholders’ equity	185,543	181,441
Total liabilities and stockholders’ equity	802,609	832,863
7% Series A Cumulative Convertible Preferred Stock [Member]
Stockholders’ equity:
Preferred stock
Series B Preferred Stock [Member]
Stockholders’ equity:
Preferred stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Debt securities, Amortized cost	$ 199,954	$ 184,670
Equity Securities, Cost	$ 31,863	$ 45,671
Preferred stock, no par value
Preferred stock, authorized	18,100,000	18,100,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, no par value
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	7,764,564	8,356,730
Common stock, outstanding	7,764,564	8,356,730
7% Series A Cumulative Convertible Preferred Stock [Member]
Preferred stock, no par value
Preferred stock, authorized	1,500,000	1,500,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, no par value
Preferred stock, authorized	400,000	400,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue
Gross premiums earned	$ 342,079	$ 343,065	$ 358,253
Premiums ceded	(125,765)	(129,643)	(133,635)
Net premiums earned	216,314	213,422	224,618
Net investment income	13,642	16,581	11,439
Net realized investment (losses) gains	(254)	6,183	4,346
Net unrealized investment gains (losses)	7,950	(10,202)	92
Net other-than-temporary impairment losses recognized in income:
Total other-than-temporary impairment losses	(289)	(80)	(1,116)
Portion of loss recognized in other comprehensive income, before taxes			(351)
Net other-than-temporary impairment losses	(289)	(80)	(1,467)
Policy fee income	3,229	3,389	3,622
Other	1,882	1,999	1,756
Total revenue	242,474	231,292	244,406
Expenses
Losses and loss adjustment expenses	107,514	109,328	165,629
Policy acquisition and other underwriting expenses	42,497	38,943	39,663
General and administrative personnel expenses	31,112	25,908	25,127
Interest expense	13,055	18,096	16,767
Loss on repurchases of senior notes			743
Impairment loss			38
Other operating expenses	12,203	12,115	12,063
Total operating expenses	206,381	204,390	260,030
Income (loss) before income taxes	36,093	26,902	(15,624)
Income tax expense (benefit)	9,517	9,177	(8,731)
Net income (loss)	$ 26,576	$ 17,725	$ (6,893)
Basic earnings (loss) per share	$ 3.32	$ 2.34	$ (0.75)
Diluted earnings (loss) per share	$ 3.31	$ 2.34	$ (0.75)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 26,576	$ 17,725	$ (6,893)
Change in unrealized gain (loss) on investments:
Net unrealized gains (losses) arising during the period	4,902	(3,137)	5,996
Other-than-temporary impairment loss charged to investment income	289	80	1,467
Call and repayment (gains) losses charged to investment income	(141)	(18)	14
Reclassification adjustment for net realized gains	(218)	(723)	(4,346)
Net change in unrealized gains (losses)	4,832	(3,798)	3,131
Deferred income taxes on above change	(1,201)	963	(1,208)
Total other comprehensive income (loss), net of income taxes	3,631	(2,835)	1,923
Comprehensive income (loss)	$ 30,207	$ 14,890	$ (4,970)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Share Repurchase Plan [Member]	Common Stock [Member]	Common Stock [Member]Share Repurchase Plan [Member]	Additional Paid-In Capital [Member]	Additional Paid-In Capital [Member]Share Repurchase Plan [Member]	Retained Income [Member]	Accumulated Other Comprehensive (Loss) Income, Net of Tax [Member]
Beginning Balance at Dec. 31, 2016	$ 243,746				$ 8,139		$ 232,964	$ 2,643
Beginning Balance, shares at Dec. 31, 2016			9,662,761
Net income (loss)	(6,893)						(6,893)
Total other comprehensive income (loss), net of income taxes	1,923							1,923
Issuance of restricted stock	0		$ 0		0		0	0
Issuance of restricted stock, shares			154,936
Exercise of common stock options, value	$ 75				75
Exercise of common stock options, shares	30,000		30,000
Forfeiture of restricted stock, value	$ 0		$ 0		0		0	0
Forfeiture of restricted stock, shares			(23,766)
Repurchase and retirement of common stock, value	(21,318)	$ (15,154)			(21,318)	$ (15,154)
Repurchase and retirement of common stock, shares			(437,240)	(433,175)
Repurchase of common stock under prepaid forward contract, value	(9,400)				(9,400)
Repurchase of common stock under prepaid forward contract, shares			(191,100)
Equity component on 4.25% convertible senior notes (net of offering costs of $543)	15,151				15,151
Deferred taxes on debt discount	(5,845)				(5,845)
Common stock dividends	(12,833)						(12,833)
Stock-based compensation	4,523				4,523
Additional paid-in capital shortfall allocated to retained income					23,829		(23,829)
Ending Balance at Dec. 31, 2017	193,975						189,409	4,566
Ending Balance, shares at Dec. 31, 2017			8,762,416
Net income (loss)	17,725						17,725
Total other comprehensive income (loss), net of income taxes	(2,835)							(2,835)
Reclassification of after-tax net unrealized holding gains related to equity securities							4,168	(4,168)
Reclassification of stranded tax effects related to available-for-sale fixed-maturity and equity securities							(984)	984
Issuance of restricted stock	$ 0		$ 0		0		0	0
Issuance of restricted stock, shares			189,860
Exercise of common stock options, shares	0
Forfeiture of restricted stock, value	$ 0		$ 0		0		0	0
Forfeiture of restricted stock, shares			(56,637)
Repurchase and retirement of common stock, value	(1,151)	(20,015)			(1,151)	(20,015)
Repurchase and retirement of common stock, shares			(27,281)	(511,628)
Purchase of noncontrolling interest	(539)				(539)
Common stock dividends	(10,351)						(10,351)
Stock-based compensation	4,632				4,632
Additional paid-in capital shortfall allocated to retained income					17,073		(17,073)
Ending Balance at Dec. 31, 2018	181,441				0		182,894	(1,453)
Ending Balance, shares at Dec. 31, 2018			8,356,730
Net income (loss)	26,576						26,576
Total other comprehensive income (loss), net of income taxes	3,631							3,631
Issuance of restricted stock	0		$ 0		0		0	0
Issuance of restricted stock, shares			180,404
Exercise of common stock options, value	$ 63				63
Exercise of common stock options, shares	10,000		10,000
Forfeiture of restricted stock, value	$ 0		$ 0		0		0	0
Forfeiture of restricted stock, shares			(299,776)
Repurchase and retirement of common stock, value	(1,203)	$ (18,851)			(1,203)	$ (18,851)
Repurchase and retirement of common stock, shares			(28,784)	(454,010)
Common stock dividends	(12,706)						(12,706)
Stock-based compensation	6,460				6,460
Tax basis adjustment on equity method investment	132				132
Additional paid-in capital shortfall allocated to retained income					$ 13,399		(13,399)
Ending Balance at Dec. 31, 2019	$ 185,543						$ 183,365	$ 2,178
Ending Balance, shares at Dec. 31, 2019			7,764,564

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / shares
Common stock dividends | $ / shares	$ 1.40
Additional Paid-In Capital [Member]
Stated interest rate on convertible senior notes	4.25%
Offering costs for convertible senior notes | $	$ 543

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 26,576	$ 17,725	$ (6,893)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation	6,460	4,632	4,523
Net amortization of premiums on investments in fixed-maturity securities	50	761	1,252
Depreciation and amortization	8,942	10,996	9,591
Deferred income tax expense (benefit)	1,871	141	(4,913)
Net realized investment losses (gains)	254	(6,183)	(4,346)
Net unrealized investment (gains) losses	(7,950)	10,202	(92)
Other-than-temporary impairment losses	289	80	1,467
Loss (income) from unconsolidated joint venture	83	(304)	234
Distribution received from unconsolidated joint venture		68	147
Loss on repurchases of senior notes			743
Impairment loss			38
Net income from limited partnership interests	(1,176)	(4,430)	(2,334)
Distributions received from limited partnership interests	4,176	2,345	881
Foreign currency remeasurement loss (gain)	57	135	(60)
Other non-cash items	290	72	134
Changes in operating assets and liabilities:
Accrued interest and dividends receivable	176	191	(329)
Income taxes	(69)	15,221	(13,381)
Premiums receivable	(3,588)	1,140	(531)
Prepaid reinsurance premiums	(51)	4,354	2,268
Reinsurance recoverable	(8,767)	(20,807)	(103,104)
Deferred policy acquisition costs	(5,156)	205	(73)
Other assets	(7,837)	408	783
Losses and loss adjustment expenses	7,111	9,008	128,086
Unearned premiums	23,434	(7,167)	(10,907)
Advance premiums	(603)	1,244	297
Assumed reinsurance balances payable	62	(1)	(3,279)
Reinsurance recovered in advance on unpaid losses		(13,885)	13,885
Accrued expenses and other liabilities	9,413	2,444	2,548
Net cash provided by operating activities	54,047	28,595	16,635
Cash flows from investing activities:
Investments in limited partnership interests	(1,174)	(7,182)	(4,226)
Distributions received from limited partnership interests	2,121	158	11,758
Distribution from unconsolidated joint venture		695	417
Purchase of property and equipment	(2,887)	(2,187)	(2,340)
Purchase of intangible assets		(409)	(637)
Purchase of real estate investments	(11,481)	(7,472)	(11,878)
Purchase of fixed-maturity securities	(82,662)	(113,174)	(114,743)
Purchase of equity securities	(24,637)	(52,250)	(50,453)
Purchase of short-term and other investments	(1,178)	(201,538)
Proceeds from sales of fixed-maturity securities	7,947	81,809	31,759
Proceeds from calls, repayments and maturities of fixed-maturity securities	59,343	82,177	14,897
Proceeds from sales of equity securities	37,669	66,439	45,282
Proceeds from sales, redemptions and maturities of short-term and other investments	67,398	135,256
Net cash provided by (used in) investing activities	50,459	(17,678)	(80,164)
Cash flows from financing activities:
Cash dividends paid	(13,012)	(11,318)	(13,906)
Cash dividends received under share repurchase forward contract	306	967	1,073
Proceeds from revolving credit facility	9,750
Proceeds from exercise of common stock options	63		75
Proceeds from the issuance of long-term debt		6,000	143,859
Repurchases of senior notes			(40,250)
Repayment of long-term debt	(91,318)	(1,127)	(974)
Repurchases of common stock	(1,203)	(1,151)	(30,718)
Repurchases of common stock under share repurchase plan	(18,851)	(20,015)	(15,154)
Purchase of non-controlling interest		(539)
Debt issuance costs	(459)	(105)	(4,975)
Net cash (used in) provided by financing activities	(114,724)	(27,288)	39,030
Effect of exchange rate changes on cash	(22)	(164)	61
Net decrease in cash, cash equivalents and restricted cash	(10,240)	(16,535)	(24,438)
Cash, cash equivalents and restricted cash at beginning of year	240,158	256,693	281,131
Cash, cash equivalents and restricted cash at end of year	229,918	240,158	256,693
Supplemental disclosure of cash flow information:
Cash paid for income taxes	7,713	3,655	11,506
Cash paid for interest	9,386	10,720	8,906
Non-cash investing and financing activities:
Unrealized gain (loss) on investments in available-for-sale securities, net of tax	3,631	(2,835)	1,923
Conversion of revolving credit facility to long-term debt			9,441
Receivable from sales of available-for-sale securities			255
Payable on purchases of available-for-sale securities			$ 4
Addition to property and equipment under finance lease	$ 18	$ 61

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations	Note 1 -- Nature 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”). HCPCI is authorized to underwrite various homeowners’ property and casualty insurance products and allied lines business in the state of Florida. HCPCI also offers flood-endorsed and wind-only policies to Florida customers and has regulatory approval to underwrite residential property and casualty insurance in the states of Arkansas, California, Maryland, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina and Texas. However, Florida is still HCPCI’s primary market. TypTap offers standalone flood and homeowners multi-peril policies to Florida homeowners. The operations of both insurance subsidiaries are supported by HCI Group, Inc. and certain HCI subsidiaries. In particular, the Company is developing technologies to collect and analyze claims and other supplemental data to generate savings and efficiency for the operations of the insurance subsidiaries. In addition, Greenleaf Capital, LLC, the Company’s real estate subsidiary, is primarily engaged in the businesses of owning and leasing real estate and operating marina facilities and one restaurant. See Note 16 -- “Segment Information.”

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 -- Summary of Significant Accounting Policies Basis of Presentation. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Adoption of New Accounting Standards. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02 (“ASU 2016-02”), Leases (Topic 842). The guidance establishes new principles that lessees and lessors will apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. ASU 2016-02 is effective for the Company January 1, 2019 and supersedes accounting for leases prescribed in Topic 840, Leases. ASU 2016-02 leaves lessor accounting substantially unchanged. The key change affecting the Company is the requirement that operating leases be recorded on the balance sheet. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; ASU No. 2018-11, Targeted Improvements; ASU No. 2018-20, Narrow-Scope Improvements for Lessors; and ASU No. 2019-01, Codification Improvements to Topic 842. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company was initially required to use a modified retrospective method and apply this standard at the beginning of the earliest comparative period presented in the financial statements. Subsequently, the FASB permitted the application of this standard at the beginning of the adoption period as an alternative. Effective January 1, 2019, the Company adopted the new standard using the effective date as its date of initial application. As a result, financial information is not updated and the disclosures required under the new standard are not provided for dates and periods prior to January 1, 2019. The Company elected a package of practical expedients, which permits the Company to not reassess under the new standard its prior conclusions about lease identification, lease classification, and initial direct costs. Upon adoption, the Company, as a lessee, recognized ROU assets of approximately $771 and lease liabilities of approximately $812 for all operating leases except for those that have a lease term of 12 months or less. Principles of Consolidation. The accompanying consolidated financial statements include the accounts of HCI Group, Inc. and its majority-owned and controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Company evaluates its relationships or investments for consolidation pursuant to authoritative accounting guidance related to the consolidation of variable interest entities under the Variable Interest Model prescribed by the FASB. A variable interest entity is consolidated when the Company has the power to direct activities that most significantly impact the economic performance of the variable interest entity and has the obligation to absorb losses or the right to receive benefits from the variable interest entity that could potentially be significant to the variable interest entity. When a variable interest entity is not consolidated, the Company uses the equity method to account for the investment. Under this method, the carrying value is generally the Company’s share of the net asset value of the unconsolidated entity, and changes in the Company’s share of the net asset value are recorded in net investment income. Use of Estimates. The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from these estimates. Material estimates that are particularly susceptible to significant change in the near term are primarily related to losses and loss adjustment expenses, reinsurance with retrospective provisions, reinsurance recoverable, deferred income taxes, and stock-based compensation expense. Cash and Cash Equivalents. The Company considers all short-term highly liquid investments with original maturities of less than three months to be cash and cash equivalents. At December 31, 2019 and 2018, cash and cash equivalents consisted of cash on deposit with financial institutions and securities brokerage firms, commercial paper, and certificates of deposit. Available-for-Sale Fixed-Maturity Securities . Fixed-maturity securities include debt securities and redeemable preferred stock. The Company’s available-for-sale securities are carried at fair value. Temporary changes in the fair value of available-for-sale securities are excluded from net investment income and reported in stockholders’ equity as a component of accumulated other comprehensive income, net of deferred income taxes. Realized investment gains and losses from sales are recorded on the trade date and are determined using the first-in first-out (FIFO) method. Investment income is recognized as earned and discounts or premiums arising from the purchase of debt securities are recognized in investment income using the interest method over the estimated remaining term of the security. Gains and losses from call redemptions and repayments are charged to investment income. The Company reviews fixed-maturity securities for other-than-temporary impairment on a monthly basis. When the fair value of any investment is lower than its cost, an assessment is made to determine whether the decline is temporary or other-than-temporary. If the decline is determined to be other-than-temporary, the investment is written down to fair value and an impairment loss is recognized in income in the period in which the Company makes such determination. When reviewing impaired securities, the Company considers its ability and intent to hold these securities and whether it is probable that the Company will be required to sell these securities prior to their anticipated recovery or maturity. For the fixed-maturity securities that the Company intends to sell or it is probable that the Company will have to sell before recovery or maturity, the unrealized losses are recognized as other-than-temporary losses in income. In instances where there are credit related losses associated with the impaired fixed-maturity securities for which the Company asserts that it does not have the intent to sell, and it is probable that the Company will not be required to sell until a market price recovery or maturity, the amount of the other-than-temporary impairment loss related to credit losses is recognized in income, and the amount of the other-than-temporary impairment loss related to other non-credit factors such as changes in interest rates or market conditions is recorded as a component of accumulated other comprehensive income. When determining impairment due to a credit related loss, the Company carefully considers factors such as the issuer’s financial ratios and condition, the security’s current ratings and maturity date, and overall market conditions in estimating the cash flows expected to be collected. The expected cash flows discounted at the effective interest rate of the security implicit at the date of acquisition is then compared with the security’s amortized cost at the measurement date. A credit loss is incurred when the present value of the expected cash flows is less than the security’s amortized cost. The Company considers various factors in determining whether an individual security is other-than-temporarily impaired (see Available-for-Sale Fixed-Maturity Securities Equity Securities. Equity securities represent ownership interests held by the Company in entities for investment purposes. Unrealized holding gains and losses related to equity securities are reported in the consolidated statement of income as net unrealized investment gains and losses. Realized investment gains and losses from sales are recorded on the trade date and are determined using the first-in first-out method (see Equity Securities in Note 5 -- “Investments”). Prior to January 1, 2018, these equity securities were classified as either available-for-sale or trading and were carried at fair value on the Company’s consolidated balance sheet. Unrealized holding gains and losses from the changes in the fair values of available-for-sale equity securities were reported in accumulated other comprehensive income. Short-Term Investments. Short-term investments include certificates of deposit issued by financial institutions and commercial paper with original maturities of more than three months but less than one year at date of acquisition. These short-term investments are carried at cost or amortized cost, which approximates fair value. Limited Partnership Investments. The Company has interests in limited partnerships that are not registered under the United Stated Securities Act of 1933, as amended, the securities laws of any state or the securities laws of any other jurisdictions. The partnership interests cannot be resold in the public market and any withdrawal is subject to the terms and conditions of the partnership agreement. The Company has no influence over partnership operating and financial policies. The Company did not elect the fair value option and, therefore, uses the equity method to account for these investments (see Limited Partnership Investments in Note 5 -- “Investments”). The Company generally recognizes its share of the limited partnership’s earnings or losses on a three-month lag. Pursuant to U.S. GAAP, these limited partnerships which are private equity funds must measure their investments at fair value and reflect the unrealized gains and losses in the fair value of their investments on their statement of income. As a result, the carrying value of limited partnership investments at each reporting date approximates their estimated fair value. Investment in Unconsolidated Joint Venture. The Company has a 90% equity interest in a limited liability company (treated as a joint venture under U.S. GAAP) that owns land for lease or for sale. The joint venture was determined to be a variable interest entity as it lacks sufficient equity to finance its activities without additional subordinated financial support. Despite having a majority equity interest, the Company does not have the power to direct the activities that most significantly impact the economic performance of the joint venture and, accordingly, is not required to consolidate the joint venture as its primary beneficiary. As a result, the Company uses the equity method to account for this investment. When evidence indicates an impairment may occur, the Company evaluates whether a decline in value is other than temporary. Evidence may include continuing operating losses of the joint venture, a declining occupancy rate, a decrease in real estate value, and an oversupply of rental property in close vicinity to the investment property. Should available evidence indicate the recovery of the initial investment is less likely, the Company would compare the carrying value of the investment with its expected residual value and recognize an impairment loss in earnings. Assets Held for Sale. Assets held for sale are valued at the lower of the carrying value or fair value less costs to sell. Assets are classified as held for sale when the following criteria are met: (i) management has the authority and commits to a plan to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) there is an active program to locate a buyer and the plan to sell the asset has been initiated; (iv) the sale of the asset is probable within one year; (v) the property is being actively marketed at a reasonable sale price relative to its current fair value; and (vi) it is unlikely that the plan to sell will be withdrawn or that significant changes to the plan will be made. In determining the fair value of the assets less costs to sell, the Company primarily relies on the value determined by an independent appraiser. If the estimated fair value less costs to sell is less than the carrying value of the asset, the asset is written down to its estimated fair value less costs to sell and an impairment loss is recognized in the consolidated statement of income. Depreciation is not recorded while assets are classified as held for sale. Real Estate Investments . Real estate investments include real estate and the related assets purchased for investment purposes (see Note 5 -- “Investments”). Real estate and the related depreciable assets are carried at cost, net of accumulated depreciation, which is included in net investment income and allocated over the estimated useful life of the asset using the straight-line method of depreciation. Land is not depreciated. Real estate is evaluated for impairment when events or circumstances indicate the carrying value of the real estate may not be recoverable. Deferred policy acquisition costs. Deferred policy acquisition costs (“DAC”) represent direct costs to acquire insurance contracts and consist of premium taxes and commissions paid to outside agents at the time of collection of the policy premium. DAC is amortized over the life of the related policy in relation to the amount of gross premiums earned. The method followed in computing DAC limits the amount of such deferred costs to their estimated realizable value, which gives effect to the gross premium earned, related investment income, unpaid losses and loss adjustment expenses and certain other costs expected to be incurred as the premium is earned. DAC is reviewed to determine if it is recoverable from future premium income, including investment income. If such costs are determined to be unrecoverable, they are expensed at the time of determination. The amount of DAC considered recoverable could be reduced in the near term if the estimates of total revenues discussed above are reduced or permanently impaired as a result of the disposition of a line of business. The amount of amortization of DAC could be revised in the near term if any of the estimates discussed above are revised. Property and Equipment. Property and equipment is stated at cost less accumulated depreciation and amortization, which is included in other operating expenses. Depreciation is calculated on a straight-line basis over the estimated useful lives as follows: building, 39 years; computer hardware and software, 3 years; and office and furniture equipment, 3 to 7 years. Leasehold improvements are amortized over the shorter of the lease term or the asset’s useful life. Land is not depreciated. Expenditures for improvements are capitalized to the property accounts. Replacements and maintenance and repairs that do not improve or extend the life of the respective assets are expensed as incurred. The Company capitalizes both internal and external costs for internally developed software during the application development stage. During the preliminary project and post-implementation stage, internal-use software development costs are expensed as incurred. Capitalized software costs are depreciated on a straight-line basis over the estimated useful life of 7 years. Impairment of Long-Lived Assets. Long-lived assets, such as property and equipment, are reviewed for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company assesses the recoverability of long-lived assets by determining whether the assets can be recovered from undiscounted future cash flows. Recoverability of long-lived assets is dependent upon, among other things, the Company’s ability to maintain profitability, so as to be able to meet its obligations when they become due. In the opinion of management, based upon current information and projections, long-lived assets will be recovered over the period of benefit. Intangible Assets. Intangibles consist of the value attributable to the acquired in-place leases and the primary, or anchor, tenant relationships. The value attributable to the anchor tenant relationship represents the economic benefits of having a nationally recognized retailer as the lead tenant, which draws consumer traffic and other tenants to the retail center. These intangibles are amortized to expense over the related lease term. Amortization of the intangibles related to real estate investments is reflected in net investment income in the consolidated statement of income. The Company reviews these intangible assets for impairment annually or when events or changes in circumstances indicate the carrying value may not be recoverable. In the event the Company determines the carrying value is not recoverable, an impairment loss is recorded in the Company’s consolidated statement of income. Leases. The Company leases office equipment, storage units, and office space from non-affiliates under terms ranging from one month up to ten years. In assessing whether a contract is or contains a lease, the Company first determines whether there is an identified asset in the contract. The Company then determines whether the contract conveys the right to obtain substantially all of the economic benefits from use of the identified asset or the right to direct the use of the identified asset. The Company elects not to record any lease with a term of 12 months or less on the consolidated balance sheet. For such short-term leases, the Company recognizes the lease payments in expense on a straight-line basis over the lease term. If the contract is or contains a lease and the Company has the right to control the use of the identified asset, the ROU asset and the lease liability is measured from the lease component of the contract and recognized on the consolidated balance sheet. In measuring the lease liability, the Company uses its incremental borrowing rate for a loan secured by a similar asset that has a term similar to the lease term to discount the lease payments. The contract is further evaluated to determine the classification of the lease as to whether it is finance or operating. If the lease is a finance lease, the ROU asset is depreciated to depreciation expense over the shorter of the useful life of the asset or the lease term. Interest expense is recorded in connection with the lease liability using the effective interest method. If the lease is an operating lease, the ROU asset is amortized to lease expense on a straight-line basis over the lease term. For the presentation of finance leases on the Company’s consolidated balance sheet, ROU assets and corresponding lease liabilities are included with property and equipment, net, and long-term debt, respectively. For the presentation of operating leases on the Company’s consolidated balance sheet, ROU assets and corresponding lease liabilities are included with other assets and other liabilities, respectively. The Company as a lessor leases its commercial and retail properties, boat slips, and docks to non-affiliates at various terms. If the contract gives the Company’s customer the right to control the use of the identified asset, revenue is recognized on a straight-line basis over the lease term. Initial direct costs incurred by the Company are deferred and amortized on a straight-line basis over the lease term. The Company also records an unbilled receivable, which is the amount by which straight-line revenue exceeds the amount billed in accordance with the lease. Lease Acquisition Costs. Lease acquisition costs represent capitalized costs of finding and acquiring tenants such as leasing commissions, legal, and marketing expenses. The costs are included in other assets in the consolidated balance sheet. The Company amortizes these costs in other operating expenses on a straight-line basis over the term of a lease. Long-Term Debt. Long-term debt includes debt instruments and finance lease obligations. A debt instrument is generally classified as a liability and carried at amortized cost, net of any discount and issuance costs. At issuance, a debt instrument with embedded features such as conversion and redemption options is evaluated to determine whether bifurcation and derivative accounting is applicable. If such instrument is not subject to derivative accounting, it is further evaluated to determine if the Company is required to separately account for the liability and equity components. To determine the carrying values of the liability and equity components at issuance, the Company measures the fair value of a similar liability, including any embedded features other than the conversion option, and assigns such value to the liability component. The liability component’s fair value is then subtracted from the initial proceeds to determine the carrying value of the debt instrument’s equity component, which is included in additional paid-in capital. Any embedded feature other than the conversion option is evaluated at issuance to determine if it is probable that such embedded feature will be exercised. If the Company concludes that the exercisability of that embedded feature is not probable, the embedded feature is considered to be non-substantive and would not impact the initial measurement and expected life of the debt instrument’s liability component. Transaction costs related to issuing a debt instrument that embodies both liability and equity components are allocated to the liability and equity components in proportion to the allocation of the proceeds and accounted for as debt issuance costs and equity issuance costs, respectively. Debt issuance costs are capitalized and presented as a deduction from the carrying value of the debt. Both debt discount and deferred debt issuance costs are amortized to interest expense over the expected life of the debt instrument using the effective interest method. Equity issuance costs are a reduction to the proceeds allocated to the equity component. Prepaid Share Repurchase Forward Contract. A prepaid share repurchase forward contract is generally a contract that allows the Company to buy from the counterparty a specified number of common shares at a specific time at a given forward price. The Company entered into such a contract and evaluated the characteristics of the forward contract to determine whether it met the definition of a derivative financial instrument pursuant to U.S. GAAP. The Company determined the forward contract is an equity contract on the Company’s common shares requiring physical settlement in common shares of the Company. As such, the transaction is recognized as a component of stockholders’ equity with a charge to additional paid-in capital equal to the prepayment amount, which represents the cash paid to the counterparty. There will be no recognition in earnings for changes in fair value in subsequent periods. Losses and Loss Adjustment Expenses. Reserves for losses and loss adjustment expenses (“LAE”) are determined by establishing liabilities in amounts estimated to cover incurred losses and LAE. Such reserves are determined based on the assessment of claims reported and the development of pending claims. These reserves are based on individual case estimates for the reported losses and LAE and estimates of such amounts that are incurred but not reported. Changes in the estimated liability are charged or credited to income as the losses and LAE are settled. The estimates of unpaid losses and LAE are subject to trends in claim severity and frequency and are continually reviewed. As part of the process, the Company reviews historical data and considers various factors, including known and anticipated regulatory and legal developments, changes in social attitudes, inflation and economic conditions. As experience develops and other data becomes available, these estimates are revised, as required, resulting in increases or decreases to the existing unpaid losses and LAE. Adjustments are reflected in the results of operations in the period in which they are made and the liabilities may deviate substantially from prior estimates. Losses and LAE ceded to or recovered from reinsurers are recorded as a reduction to losses and LAE on the consolidated statement of income. Advance Premiums . Premium payments received prior to the policy effective date are recorded as advance premiums. Once the policy is in force, the premiums are recorded as described under “ Premium Revenue ” below. Reinsurance . In the normal course of business, the Company seeks to reduce the loss that may arise from catastrophes or other events by reinsuring certain levels of risk in various areas of exposure with other insurance enterprises or reinsurers. The Company contracts with a number of reinsurers to secure its annual reinsurance coverage, which generally becomes effective June 1st each year. The Company purchases reinsurance each year taking into consideration probable maximum losses and reinsurance market conditions. Amounts recoverable from reinsurers are estimated in a manner consistent with the applicable reinsurance contract or contracts. Reinsurance premiums and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums ceded to other companies have been reported as a reduction of gross premiums earned. Prepaid reinsurance premiums represent the unexpired portion of premiums ceded to reinsurers. One of the Company’s current reinsurance contracts contains retrospective provisions including terms and conditions that adjust premiums based on the loss experience under the contracts. In such cases, a with-and-without method is used to estimate the asset or liability amount to be recognized at each reporting date. The amount of the estimate is the difference between the net contract costs before and after the loss experience under the contract. Estimates related to premium adjustments are recognized in ceded premiums earned. These estimates are reviewed monthly based on the loss experience to date and as adjustments become necessary. Such adjustments are reflected in the Company’s current operations and recorded in other assets until received upon the expiration of the contracts. The Company receives ceding commissions from ceding gross written premiums to a third-party reinsurer under one flood quota share reinsurance contract. The ceding commissions represent the reimbursement of the Company’s policy acquisition, underwriting and other operating expenses. Ceding commissions received cover a portion of premium taxes and agent commissions capitalized by the Company and a portion of non-capitalized acquisition costs and other underwriting expenses. Ceding commissions are recognized to income on a pro-rata basis over the terms of the policies reinsured, the amount of which is included in policy acquisition and other underwriting expenses in the consolidated statement of income. The unearned portion of ceding commissions that represents recovery of capitalized acquisition costs is classified as a reduction of deferred policy acquisition costs whereas the remaining unearned balance is classified as deferred revenue in other liabilities. Premium Revenue. Premium revenue is earned on a daily pro-rata basis over the term of the policies and is included in gross premiums earned. Unearned premiums represent the portion of the premiums attributable to the unexpired policy term. The Company reviews its policy detail and establishes an allowance for any amount outstanding for more than 90 days. At December 31, 2019 and 2018, allowances for uncollectible premiums were $528 and $558, respectively. Policy Fees. Policy fees represent nonrefundable fees for insurance coverage, which are intended to reimburse a portion of the costs incurred to underwrite the policy. Policy fees are recognized ratably over the policy coverage period. Florida Insurance Guaranty Association Assessments. The Company’s Florida insurance subsidiaries may be assessed by the state guaranty association. The assessments are intended to be used for the payment of covered claims of insolvent insurance entities. The assessments are generally based on a percentage of premiums written during or following the year of insolvency. Liabilities are recognized when the assessments are probable to be imposed on the premiums on which they are expected to be based and the amounts can be reasonably estimated. The insurer is permitted by Florida statutes to recover the entire amount of assessments from in-force and future policyholders through policy surcharges. U.S. GAAP provides that the Company should record an asset based on the amount of written or obligated-to-write premiums and limited to the amounts recoverable over the life of the in-force policies. Foreign Currency. The functional currency of the Company’s Indian subsidiary is the U.S. dollar. As such, the monetary assets and liabilities of this subsidiary are remeasured into U.S. dollars at the exchange rate in effect on the balance sheet date. Non-monetary assets and liabilities are remeasured using historical rates. Expenses recorded in the local currency are remeasured at the prevailing exchange rate. Exchange gains and losses resulting from these remeasurements are included in other operating expenses. Income Taxes. The Company files consolidated federal and state income tax returns and allocates taxes among its wholly owned subsidiaries in accordance with a written tax-allocation agreement. The Company accounts for income taxes in accordance with U.S. GAAP, resulting in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term “more likely than not” means a likelihood of more than fifty percent; the terms “examined” and “upon examination” also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than fifty percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. As of December 31, 2019, management is not aware of any uncertain tax positions that would have a material effect on the Company’s consolidated financial statements. Fair Value of Financial Instruments. The carrying amounts for the Company’s cash and cash equivalents approximate their fair values at December 31, 2019 and 2018. Fair values for securities or financial instruments are based on the framework for measuring fair value established by U.S. GAAP (see Note 7 -- “Fair Value Measurements”). Stock-Based Compensation. The Company accounts for stock-based compensation under the fair value recogni

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 3 -- Recent Accounting Pronouncements Accounting Standards Update No. In December 2019, the FASB issued Accounting Standards Update No. 2019-12 (“ASU 2019-12”), Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. It eliminates certain exceptions to the guidance in ASC 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. It also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill, along with other clarifications. ASU 2019-12 is effective for the Company beginning with the first quarter of 2021. Early adoption is permitted. This guidance will not have a material impact on the Company’s consolidated financial statements. However, it will impact the Company’s future income tax disclosures in its notes to the consolidated financial statements. Accounting Standard to be Adopted in Fiscal Year 2020 In June 2016, the FASB issued Accounting Standards Update No. 2016-13 (“ASU 2016-13”), Financial Instruments - Credit Losses (Topic 326), effective January 1, 2020. This update amends guidance on the recognition and measurement of credit losses for assets held at amortized cost and available-for-sale debt securities. For assets held at amortized cost, ASU 2016-13 eliminates the probable initial recognition threshold and, instead, requires credit losses to be measured using the Current Expected Credit Loss (“CECL”) model. The CECL model requires the measurement of all expected credit losses based on historical experience, current conditions, and reasonable and supportable forecasts which incorporate forward-looking information. For available-for-sale debt securities, credit losses will continue to be measured in a manner similar to the current standard. ASU 2016-13 requires a valuation allowance, rather than a write-down, to be recognized for the Company’s expected credit losses. The valuation allowance account is a deduction from the amortized cost basis of the financial assets to reflect the net amount expected to be collected. Any subsequent changes to the expected credit losses of the financial assets will be recorded in earnings. The Company is required to use the modified-retrospective method by recognizing a cumulative-effect adjustment to the beginning retained income of fiscal year 2020. As for debt securities in which an other-than-temporary impairment had been recognized before the effective date, the prospective transition method will be used. On January 1, 2020, a cumulative-effect adjustment of $453 related to reinsurance recoverable was recognized to beginning retained income with a corresponding entry to an allowance for credit losses account.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	12 Months Ended
	Dec. 31, 2019
Cash And Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Restricted Cash	Note 4 -- Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows. December 31, 2019 2018 Cash and cash equivalents $ 229,218 $ 239,458 Restricted cash 700 700 Total $ 229,918 $ 240,158 Restricted cash primarily represents funds held by certain states in which the Company’s insurance subsidiaries conduct business to meet regulatory requirements.

Investments

Investments	12 Months Ended
	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Investments	Note 5 -- Investments a) Available-for-Sale Fixed-Maturity Securities The Company holds investments in fixed-maturity securities that are classified as available-for-sale. At December 31, 2019 and 2018, the cost or amortized cost, 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 Amortized Gross Unrealized Gross Unrealized Estimated Fair Cost Gain Loss Value As of December 31, 2019 U.S. Treasury and U.S. government agencies $ 26,220 $ 78 $ (3 ) $ 26,295 Corporate bonds 157,155 2,212 (3 ) 159,364 State, municipalities, and political subdivisions 7,763 149 — 7,912 Exchange-traded debt 8,698 462 (15 ) 9,145 Redeemable preferred stock 118 5 — 123 Total $ 199,954 $ 2,906 $ (21 ) $ 202,839 As of December 31, 2018 U.S. Treasury and U.S. government agencies $ 61,979 $ 24 $ (206 ) $ 61,797 Corporate bonds 103,580 134 (1,809 ) 101,905 State, municipalities, and political subdivisions 10,567 98 (3 ) 10,662 Exchange-traded debt 8,426 82 (261 ) 8,247 Redeemable preferred stock 118 — (6 ) 112 Total $ 184,670 $ 338 $ (2,285 ) $ 182,723 Expected maturities will 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 at December 31, 2019 and 2018 are as follows: December 31, 2019 2018 Cost or Estimated Cost or Estimated Amortized Fair Amortized Fair Cost Value Cost Value Available-for-sale Due in one year or less $ 63,135 $ 63,429 $ 50,659 $ 50,574 Due after one year through five years 125,833 127,660 117,826 116,498 Due after five years through ten years 6,896 7,350 11,602 11,253 Due after ten years 4,090 4,400 4,583 4,398 $ 199,954 $ 202,839 $ 184,670 $ 182,723 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 years ended December 31, 2019, 2018 and 2017 were as follows: Gross Gross Realized Realized Proceeds Gains Losses Year ended December 31, 2019 $ 7,947 $ 221 $ (3 ) Year ended December 31, 2018 $ 81,809 $ 1,293 $ (570 ) Year ended December 31, 2017 $ 31,759 $ 2,176 $ (181 ) Other-than-temporary Impairment The Company regularly reviews its individual investment securities for other-than-temporary impairment. The Company considers various factors in determining whether each individual security is other-than-temporarily impaired, including- • the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or earnings; • the length of time and the extent to which the market value of the security has been below its cost or amortized cost; • general market conditions and industry or sector specific factors and other qualitative factors; • nonpayment by the issuer of its contractually obligated interest and principal payments; and • the Company’s intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs. The Company recognized $289 of credit-related impairment loss on one fixed-maturity security for the year ended December 31, 2019 in the consolidated statement of income compared with $80 of non-credit related impairment loss pertaining to one fixed-maturity security for the year ended December 31, 2018. For the year ended December 31, 2017, the Company recognized impairment losses of $428 related to the sale of four intent-to-sell fixed-maturity securities. The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in income for available-for-sale fixed-maturity securities: 2019 2018 2017 Balance at January 1 $ — $ — $ 475 Credit impairments on impaired securities 289 — — Credit impaired security fully disposed of for which there was no prior intent or requirement to sell — — (475 ) Balance at December 31 $ 289 $ — $ — There was no activity related to cumulative credit losses during 2018. During 2017, the Company sold two fixed-maturity securities with cumulative credit losses totaling $475. Securities with gross unrealized loss positions at December 31, 2019 and 2018, 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 As of December 31, 2019 Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value U.S. Treasury and U.S. government agencies $ (3 ) $ 2,292 $ — $ — $ (3 ) $ 2,292 Corporate bonds (3 ) 4,597 — — (3 ) 4,597 Exchange-traded debt (15 ) 345 — — (15 ) 345 Total available-for-sale securities $ (21 ) $ 7,234 $ — $ — $ (21 ) $ 7,234 At December 31, 2019, there were eight securities in an unrealized loss position. Of these securities, none Less Than Twelve Months Twelve Months or Longer Total As of December 31, 2018 Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value U.S. Treasury and U.S. government agencies $ (59 ) $ 21,031 $ (147 ) $ 35,393 $ (206 ) $ 56,424 Corporate bonds (542 ) 19,932 (1,267 ) 36,682 (1,809 ) 56,614 State, municipalities, and political subdivisions (3 ) 715 — — (3 ) 715 Exchange-traded debt (261 ) 5,275 — — (261 ) 5,275 Redeemable preferred stock (6 ) 112 — — (6 ) 112 Total available-for-sale securities $ (871 ) $ 47,065 $ (1,414 ) $ 72,075 $ (2,285 ) $ 119,140 At December 31, 2018, there were 82 securities in an unrealized loss position. Of these securities, 35 securities had been in an unrealized loss position for 12 months or longer. b) Equity Securities The Company holds investments in equity securities measured at fair values which are readily determinable. At December 31, 2019 and 2018, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows: Gross Unrealized Gross Unrealized Estimated Fair Cost Gain Loss Value December 31, 2019 $ 31,863 $ 3,652 $ (230 ) $ 35,285 December 31, 2018 $ 45,671 $ 1,059 $ (5,587 ) $ 41,143 The table below presents the portion of unrealized gains and losses in the Company’s consolidated statement of income for the periods related to equity securities still held. Years Ended December 31, 2019 2018 Net gains (losses) recognized $ 7,424 $ (4,811 ) Exclude: Net realized (losses) gains recognized for securities sold (526 ) 5,391 Net unrealized gains (losses) recognized* $ 7,950 $ (10,202 ) * Unrealized holding gains and losses for the comparative year in 2017 were reported in accumulated other comprehensive income. Sales of Equity Securities Proceeds received, and the gross realized gains and losses from sales of equity securities, for the years ended December 31, 2019, 2018 and 2017 were as follows: Gross Realized Gross Realized Proceeds Gains Losses Year ended December 31, 2019 $ 37,669 $ 2,448 $ (2,974 ) Year ended December 31, 2018 $ 66,439 $ 7,324 $ (1,933 ) Year ended December 31, 2017 $ 45,282 $ 3,993 $ (1,642 ) Other-than-temporary Impairment before 2018 Prior to 2018, equity securities classified as available-for-sale were evaluated for other-than-temporary impairment. When the impairment existed, an impairment loss was recognized in the consolidated statement of income. For the year ended December 31, 2017, the Company recognized impairment losses of $1,039 related to available-for-sale equity securities. 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: December 31, 2019 December 31, 2018 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a limited extent, in other debt and equity securities of private U.S. lower-middle- market companies. (b)(c)(e) $ 9,659 $ 2,085 15.37 $ 10,169 $ 2,577 15.37 Value creation through active distressed debt investing primarily in bank loans, public and private corporate bonds, asset- backed securities, and equity securities received in connection with debt restructuring. (b)(d)(e) 5,985 — 1.76 9,219 — 1.76 High returns and long-term capital appreciation through investments in the power, utility and energy industries, and in the infrastructure sector. (b)(f)(g) 9,188 1,391 0.18 9,023 2,329 0.18 Value-oriented investments in less liquid and mispriced senior and junior debts of private equity-backed companies. (b)(h)(i) 1,602 3,106 0.47 1,156 3,706 0.47 Value-oriented investments in mature real estate private equity funds and portfolios globally. (b)(j) 1,912 8,548 2.24 2,726 7,692 3.28 Total $ 28,346 $ 15,130 $ 32,293 $ 16,304 (a) Represents the Company’s percentage investment in the fund at each balance sheet date. (b) Except under certain circumstances, withdrawals from the funds or any assignments are not permitted. Distributions, except income from late admission of a new limited partner, will be received when underlying investments of the funds are liquidated. (c) Expected to have a ten-year term. Although the capital commitment has expired, follow-on investments and pending commitments may require additional fundings. (d) Expected to have a three-year term from June 30, 2018. Although the capital commitment period has ended, the general partner could still request an additional funding of approximately $843 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 and the capital commitment is expected to expire on June 30, 2020. (g) With the consent of a supermajority of partners, the term of the fund may be extended for up to three additional one-year periods. (h) Expected to have a six-year term from the commencement date, which can be extended for up to two additional one-year periods with the consent of either the advisory committee or a majority of limited partners. ( i ) The capital commitment was extended and is now expected to expire on December 1, 2020. (j) Expected to have an eight-year term from November 27, 2019. The following is the aggregated summarized 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. In applying the equity method of accounting, the Company uses the most recently available financial information provided by the general partner of each of these partnerships. The financial statements of these limited partnerships are audited annually. Years Ended December 31, 2019 2018 2017 Operating results: Total income $ 27,171 $ 1,821,935 $ 409,169 Total expenses 139,252 146,079 105,281 Net (loss) income $ (112,081 ) $ 1,675,856 $ 303,888 December 31, 2019 2018 Balance Sheet: Total assets $ 6,850,913 $ 6,689,792 Total liabilities $ 549,562 $ 394,029 For the years ended December 31, 2019, 2018 and 2017, the Company recognized net investment income of $1,176, $4,430 and $2,334, respectively, for these investments. At December 31, 2019 and 2018, the Company’s cumulative contributed capital to the partnerships existing at each respective balance sheet date totaled $29,528 and $28,354, respectively, and the Company’s maximum exposure to loss aggregated $28,346 and $32,293, respectively. During the year ended December 31, 2019, the Company received in cash a return on investment of $4,176 and a return of capital of $2,121 compared with a return on investment of $2,345 and a return of capital of $158 during the year ended December 31, 2018. During the year ended December 31, 2017, the Company received total cash distributions of $12,639, representing $11,758 of returned capital and $881 of return on investment. Included in the return of capital was $11,626 from one limited partnership the Company withdrew from in February 2017. For the years ended December 31, 2019, 2018 and 2017, the Company recognized its share of earnings or losses based on the respective partnership’s statement of income. The carrying value of these investments approximates the amount the Company expected to recover at December 31, 2019 and 2018. d) Investment in Unconsolidated Joint Venture Melbourne FMA, LLC, a wholly owned subsidiary, currently has an equity investment in FMKT Mel JV, a Florida limited liability company treated as a joint venture under U.S. GAAP. For the year ended December 31, 2019, the Company did not receive any cash distributions. For the year ended December 31, 2018, the Company received a cash distribution of $763, representing a combined distribution of $68 in earnings and $695 in capital. For the year ended December 31, 2017, the Company received a cash distribution of $564, representing a combined distribution of $147 in earnings and $417 in capital. The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Years Ended December 31, 2019 2018 2017 Operating results: Total revenues $ 2 $ 438 $ 331 Total expenses 93 100 483 Net income (loss) $ (91 ) $ 338 $ (152 ) The Company’s share of net income (loss) * $ (83 ) $ 304 $ (234 ) * Included in net investment income in the Company’s consolidated statements of income. December 31, 2019 2018 Balance Sheet: Property and equipment, net 741 787 Cash 102 149 Other 4 5 Total assets $ 847 $ 941 Other liabilities $ — $ 3 Members’ capital 847 938 Total liabilities and members’ capital $ 847 $ 941 Investment in unconsolidated joint venture, at equity** $ 762 $ 845 * * Includes the 90% share of FMKT Mel JV’s operating results. e) Assets Held for Sale In November 2018, Greenleaf Capital, LLC, the Company’s wholly owned subsidiary, listed for sale its 10-acre waterfront property, consisting of land, commercial and marina buildings in Treasure Island, Florida. With the expectation of a sale within a year, the property was reclassified in the Company’s consolidated balance sheet from real estate investments to assets held for sale, and depreciation ceased. Although this property has drawn interest from several potential buyers since the listing, the Company has yet to receive an offer with acceptable terms. The Company will continue to market the property but can no longer reasonably assume a sale will occur within a year. Accordingly, in December 2019 the property was reclassified back to real estate investments at its carrying value before it was classified as held for sale. The carrying value of $10,031, including additional improvement costs of $221, was then adjusted for catch-up depreciation expense of $261, which is included in net investment income in the Company’s consolidated statement of income. f) Real Estate Investments Real estate investments include land, buildings with office and retail space for lease, outparcels, and marinas. Real estate investments consist of the following as of December 31, 2019 and 2018: December 31, 2019 2018 Land $ 39,511 $ 23,884 Land improvements 11,907 8,717 Building 24,086 19,201 Tenant and leasehold improvements 1,487 1,261 Other 3,489 5,266 Total, at cost 80,480 58,329 Less: accumulated depreciation and amortization (6,717 ) (3,839 ) Real estate investments $ 73,763 $ 54,490 On February 27, 2019, the Company acquired approximately nine acres of undeveloped land located near its current headquarters in Tampa, Florida for a purchase price of $8,500, which was primarily financed by the Company’s revolving credit facility. The transaction was accounted for as an asset acquisition. As such, all acquisition-related costs were capitalized. Depreciation and amortization expense related to real estate investments was $1,782, $1,536 and $1,447, respectively, for the years ended December 31, 2019, 2018 and 2017. g) Net Investment Income Net investment income (loss), by source, is summarized as follows: Years Ended December 31, 2019 2018 2017 Available-for-sale fixed-maturity securities $ 6,506 $ 5,097 $ 5,689 Equity securities 1,333 2,131 3,318 Investment expense (465 ) (581 ) (726 ) Limited partnership investments 1,176 4,430 2,334 Real estate investments (211 ) 340 (1,018 ) (Loss) income from unconsolidated joint venture (83 ) 304 (234 ) Cash and cash equivalents 4,970 3,485 2,069 Short-term investments 416 1,375 — Other — — 7 Net investment income $ 13,642 $ 16,581 $ 11,439 At December 31, 2019, $126,347 or 55.1% of the Company’s cash and cash equivalents were deposited at three national banks and included $12,188 in two custodial accounts. At December 31, 2018, $180,508 or 75.4% of the Company’s cash and cash equivalents were deposited at three national banks and included $73,511 in two custodial accounts. At December 31, 2019 and 2018, the Company’s cash deposits at any one bank generally exceed the Federal Deposit Insurance Corporation’s $250 coverage limit for insured deposit accounts. h) Other Investments From time to time, the Company may invest in financial assets other than stocks, mutual funds and bonds. For the years ended December 31, 2019, 2018, and 2017, net realized gains related to other investments were $54, $69, and $0, respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Comprehensive Income (Loss)	Note 6 -- Comprehensive Income (Loss) Comprehensive income (loss) includes net income (loss) and other comprehensive income or loss, which for the Company includes changes in unrealized gains or losses of investments carried at fair value and changes in the other-than-temporary impairment 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: Year Ended December 31, 2019 Before Tax Income Tax Expense (Benefit) Net of Tax Unrealized gain arising during the period $ 4,902 $ 1,219 $ 3,683 Other-than-temporary impairment loss 289 71 218 Call and repayment gains charged to investment income (141 ) (35 ) (106 ) Reclassification adjustment for realized gains (218 ) (54 ) (164 ) Total other comprehensive gain $ 4,832 $ 1,201 $ 3,631 Year Ended December 31, 2018 Income Tax Before Tax Expense (Benefit) Net of Tax Unrealized loss arising during the period $ (3,137 ) $ (795 ) $ (2,342 ) Other-than-temporary impairment loss 80 20 60 Call and repayment gains charged to investment income (18 ) (5 ) (13 ) Reclassification adjustment for realized gains (723 ) (183 ) (540 ) Total other comprehensive loss $ (3,798 ) $ (963 ) $ (2,835 ) Year Ended December 31, 2017 Income Tax Before Tax Expense (Benefit) Net of Tax Unrealized gain arising during the period $ 5,996 $ 2,313 $ 3,683 Other-than-temporary impairment loss 1,467 566 901 Call and repayment losses charged to investment income 14 5 9 Reclassification adjustment for realized gains (4,346 ) (1,676 ) (2,670 ) Total other comprehensive income $ 3,131 $ 1,208 $ 1,923

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7 -- Fair Value Measurements The Company records and discloses certain financial assets at their estimated fair value. 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 assets, 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. Short-term investments Short-term investments consist of certificates of deposit and zero-coupon commercial paper with maturities of 91 to 365 days. Due to their short maturity, the carrying value approximates fair value. Fixed-maturity and equity securities Estimated fair values 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. Limited Partnership Investments As described in Note 5 -- “Investments” under Limited Partnership Investments 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 3.875% Convertible Senior Notes 2019 Quoted price 4.25% Convertible Senior Notes 2037 Quoted price 3.95% Promissory Note 2020 Discounted cash flow method/Level 3 inputs 4% Promissory Note 2031 Discounted cash flow method/Level 3 inputs 3.75% Callable Promissory Note 2036 Discounted cash flow method/Level 3 inputs 4.55% Promissory Note 2036 Discounted cash flow method/Level 3 inputs Assets Measured at Estimated Fair Value on a Recurring Basis: The following tables present information about the Company’s financial assets measured at estimated fair value on a recurring basis. The table indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of December 31, 2019 and 2018: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2019 Financial Assets: Cash and cash equivalents $ 229,218 $ — $ — $ 229,218 Restricted cash $ 700 $ — $ — $ 700 Short-term investments $ 491 $ — $ — $ 491 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 25,294 $ 1,001 $ — $ 26,295 Corporate bonds 159,364 — — 159,364 State, municipalities, and political subdivisions — 7,912 — 7,912 Exchange-traded debt 9,145 — — 9,145 Redeemable preferred stock 123 — — 123 Total available-for-sale securities $ 193,926 $ 8,913 $ — $ 202,839 Equity securities $ 35,285 $ — $ — $ 35,285 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2018 Financial Assets: Cash and cash equivalents $ 239,458 $ — $ — $ 239,458 Restricted cash $ 700 $ — $ — $ 700 Short-term investments $ 66,479 $ — $ — $ 66,479 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 60,297 $ 1,500 $ — $ 61,797 Corporate bonds 101,905 — — 101,905 State, municipalities, and political subdivisions — 10,662 — 10,662 Exchange-traded debt 8,247 — — 8,247 Redeemable preferred stock 112 — — 112 Total available-for-sale securities $ 170,561 $ 12,162 $ — $ 182,723 Equity securities $ 41,143 $ — $ — $ 41,143 There were no Assets and Liabilities Carried at Other Than Fair Value The following tables present fair value information for assets and liabilities that are carried on the balance sheet at amounts other than fair value as of December 31, 2019 and 2018: Carrying Value Fair Value Measurements Using Estimated Fair Value (Level 1) (Level 2) (Level 3) As of December 31, 2019 Financial Assets: Limited partnership investments $ 28,346 $ — $ — $ 28,346 $ 28,346 Financial Liabilities: Revolving credit facility $ 9,750 $ — $ 9,750 $ — $ 9,750 Long-term debt: 4.25% Convertible senior notes $ 134,075 $ — $ 147,375 $ — $ 147,375 3.95% Promissory note 8,875 — — 8,887 8,887 4% Promissory note 7,237 — — 7,409 7,409 3.75% Promissory note 7,837 — — 7,861 7,861 4.55% Promissory note 5,611 — — 5,802 5,802 Total long-term debt $ 163,635 $ — $ 147,375 $ 29,959 $ 177,334 Carrying Value Fair Value Measurements Using Estimated Fair Value (Level 1) (Level 2) (Level 3) As of December 31, 2018 Financial Assets: Limited partnership investments $ 32,293 $ — $ — $ 32,293 $ 32,293 Financial Liabilities: Long-term debt: 3.875% Convertible senior notes $ 89,181 $ — $ 89,824 $ — $ 89,824 4.25% Convertible senior notes 130,120 — 145,617 — 145,617 3.95% Promissory note 9,077 — — 9,128 9,128 4% Promissory note 7,732 — — 7,788 7,788 3.75% Promissory note 8,159 — — 8,001 8,001 4.55% Promissory note 5,826 — — 6,025 6,025 Total long-term debt $ 250,095 $ — $ 235,441 $ 30,942 $ 266,383

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Deferred Policy Acquisition Costs	Note 8 -- Deferred Policy Acquisition Costs The following table summarizes the activity with respect to deferred policy acquisition costs: December 31, 2019 2018 Beginning balance $ 16,507 $ 16,712 Policy acquisition costs deferred 42,302 34,999 Amortization (37,146 ) (35,204 ) Ending balance $ 21,663 $ 16,507 The amount of policy acquisition costs amortized and included in policy acquisition and other underwriting expenses for the years ended December 31, 2019, 2018 and 2017 was $37,146, $35,204 and $35,663, respectively.

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment, net	Note 9 -- Property and Equipment, net Property and equipment, net consists of the following: December 31, 2019 2018 Land $ 1,642 $ 1,642 Building 8,101 7,959 Computer hardware and software 6,770 6,480 Office furniture and equipment 2,154 2,061 Tenant and leasehold improvements 3,388 3,345 Other 3,377 1,035 Total, at cost 25,432 22,522 Less: accumulated depreciation and amortization (10,734 ) (9,184 ) Property and equipment, net $ 14,698 $ 13,338 Depreciation and amortization expense under property and equipment was $1,550, $1,370 and $1,237, respectively, for the years ended December 31, 2019, 2018 and 2017.

Intangible Assets, net

Intangible Assets, net	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Note 10 -- Intangible Assets, net The Company’s intangible assets, net consist of the following: December 31, 2019 2018 Anchor tenant relationships $ 1,761 $ 1,761 In-place leases 4,215 4,215 Total, at cost 5,976 5,976 Less: accumulated amortization (1,784 ) (1,176 ) Intangible assets, net $ 4,192 $ 4,800 For the years ended December 31, 2019, 2018 and 2017, amortization expense associated with intangible assets was $608, $604 and $503, respectively. The remaining weighted-average amortization period as of December 31, 2019 was 14.2 years and 10.0 years for anchor tenant relationships and in-place leases, respectively, or a combined weighted average of 11.4 years. Amortization expense for intangible assets after December 31, 2019 is as follows: Year Amount 2020 $ 624 2021 519 2022 445 2023 337 2024 333 Thereafter 1,934 Total $ 4,192

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2019
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Assets	Note 11 -- Other Assets The following table summarizes the Company’s other assets: December 31, 2019 2018 Benefits receivable related to retrospective reinsurance contracts $ 9,480 $ 3,136 Prepaid expenses 2,107 2,069 Deposits 1,678 1,413 Lease acquisition costs, net 566 620 Other 3,249 1,766 Total other assets $ 17,080 $ 9,004

Revolving Credit Facility

Revolving Credit Facility	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 12 -- Revolving Credit Facility The Company has a three-year secured revolving credit agreement (“Credit Agreement”) with Fifth Third Bank that expires on December 5, 2021. The Credit Agreement provides the Company with borrowing capacity of up to $65,000 and bears interest at an annual rate equal to monthly-determined LIBOR plus a margin based on the type of collateral used to secure each borrowing. The interest payment is due quarterly in arrears on January 1, April 1, July 1, and October 1. The Credit Agreement contains affirmative and negative covenants as well as customary events of defaults. Under the terms of the Credit Agreement, the Company must comply with certain financial and non-financial covenants and agree to pay a fee equal to the product of the unused line fee rate and the average of the daily unused available credit balances. The unused line fee rate is determined monthly based on the average daily deposit balances. In February 2019, the Company borrowed $8,000 to fund the purchase of the undeveloped land as described in Note 5 -- “Investments” under Real Estate Investments

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Note 13 -- Long-Term Debt The following table summarizes the Company’s long-term debt: December 31, 2019 2018 3.875% Convertible Senior Notes, due March 15, 2019 $ — $ 89,990 4.25% Convertible Senior Notes, due March 1, 2037 143,750 143,750 3.95% Promissory note, due through February 17, 2020 8,881 9,125 4% Promissory note, due through February 1, 2031 7,345 7,857 3.75% Promissory note, due through September 1, 2036 7,955 8,290 4.55% Promissory note, due through August 1, 2036 5,704 5,928 Finance lease liabilities, due through August 15, 2023 60 55 Total principal amount 173,695 264,995 Less: unamortized discount and issuance costs (10,000 ) (14,845 ) Total long-term debt $ 163,695 $ 250,150 The following table summarizes future maturities of long-term debt as of December 31, 2019, which takes into consideration the assumption that the 4.25% Convertible Senior Notes are repurchased at the earliest call date. Year 2020 $ 10,013 2021 1,178 2022 144,974 2023 1,267 2024 1,310 Thereafter 14,953 Total $ 173,695 Information with respect to interest expense related to long-term debt is as follows: Years Ended December 31, 2019 2018 2017 Interest Expense: Contractual interest $ 8,061 $ 10,740 $ 10,424 Non-cash expense (a) 4,845 7,487 6,404 Capitalized interest (b) (303 ) (131 ) (61 ) Total $ 12,603 $ 18,096 $ 16,767 (a) Represents amortization of debt discount and issuance costs. (b) Interest was capitalized for construction projects. Convertible Senior Notes 3.875% Convertible Senior Notes On March 15, 2019, the Company repaid the outstanding principal balance of its notes totaling $89,990 plus accrued interest of $1,744. Prior to the repayment, the conversion rate was 16.4074 shares of common stock for each $1 in principal amount, which was the equivalent of approximately $60.95 per share. 4.25% Convertible Senior Notes On March 3, 2017, the Company issued 4.25% Convertible Senior Notes in a private offering for an aggregate principal amount of $143,750. The net proceeds were $138,775 after $4,975 in related issuance and transaction costs. The notes mature March 1, 2037 and the cash interest is payable semiannually in arrears on March 1 and September 1 of each year. The Convertible Senior Notes rank equally in right of payment to the Company’s existing and future unsecured and unsubordinated obligations. These Convertible Senior Notes do not contain any financial or operating covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by the Company or any of its subsidiaries. The Convertible Senior Notes provide no protection to the note holders in the event of a fundamental change or other corporate transaction involving the Company except those described in the indenture. These Convertible Senior Notes do not require a sinking fund to be established for the purpose of redemption. Embedded Conversion Feature The conversion feature of these Convertible Senior Notes is subject to conversion rate adjustments upon the occurrence of specified events (including payment of dividends above a specified amount) but will not be adjusted for any accrued and unpaid interest. Since May 2018, the Company’s cash dividends on common stock have exceeded $0.35 per share, resulting in adjustments to the conversion rate of the 4.25% Convertible Notes. Accordingly, as of December 31, 2019, the conversion rate of the Company’s 4.25% Convertible Notes was 16.3667 shares of common stock for each $1 in principal amount, which was the equivalent of approximately $61.10 per share. The holders of the Convertible Senior Notes may convert all or a portion of their Convertible Senior Notes during specified periods as follows: (1) during any calendar quarter commencing after the calendar quarter ending on the dates specified in the indenture, if the last reported sale price of the Company’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than 130% of the conversion price on each applicable trading day; (2) during the five business-day period after any ten consecutive trading-day period in which the trading price per $1 principal amount of the Convertible Senior Notes is less than 98% of the product of the last reported sale price and the conversion rate on each such trading day; (3) if specified corporate events, including a change in control, occur; or (4) at any time on or after the dates specified in the indenture. The note holders who elect to convert their Convertible Senior Notes in connection with a fundamental change as described in the indentures will be entitled to a “make-whole” adjustment in the form of an increase in the conversion rate. Upon conversion, the Company has options to satisfy its conversion obligation by paying or delivering cash, shares of its common stock or a combination of cash and shares of its common stock. As of December 31, 2019, none of the conditions allowing the holders of the Convertible Senior Notes to convert had been met. The Company determined that the Convertible Senior Notes’ embedded conversion feature is not a derivative financial instrument but rather is required to be separately accounted for in equity because the Company may elect to settle the conversion option entirely or partially in cash. At issuance, the Company accounted for the equity component of the embedded conversion feature as a reduction in the carrying amount of the debt and an increase in additional paid-in capital. Embedded Redemption Feature – Fundamental Change The note holders have the right to require the Company to repurchase for cash all or any portion of the Convertible Senior Notes at par prior to the maturity date should any of the fundamental change events described in the indenture occur. The Company concluded that this embedded redemption feature is not a derivative financial instrument and that it is not probable at issuance that any of the specified fundamental change events will occur. Therefore, this embedded redemption feature is not substantive and will not affect the expected life of the liability component. Embedded Redemption Feature – Put Option of the Note Holder At the option of the holders of the Convertible Senior Notes, the Company is required to repurchase for cash all or any portion of the Convertible Senior Notes at par on March 1, 2022, March 1, 2027 or March 1, 2032. The Company concluded that this embedded feature is not a derivative financial instrument. In addition, based on economic factors at the time when the Convertible Senior Notes were issued, the Company determined it is probable that the note holders will exercise this option. Thus, the Company amortizes the liability component and related issuance costs associated with the Convertible Senior Notes over the period from March 3, 2017 to March 1, 2022. The effective interest rate for the Convertible Senior Notes, taking into account both cash and non-cash components, approximates 7.6%. Had a 20-year term been used for the amortization of the liability component and issuance costs, the annual effective interest rate charged to earnings would have decreased to approximately 5.4%. As of December 31, 2019, the remaining amortization period of the debt discount was expected to be 2.2 years. The following table summarizes information regarding the equity and liability components of the Convertible Senior Notes: December 31, 2019 2018 Principal amount $ 143,750 $ 233,740 Unamortized discount (7,545 ) (11,316 ) Liability component – net carrying value before issuance costs $ 136,205 $ 222,424 Equity component – conversion, net of offering costs $ 15,151 $ 31,051 Promissory Notes 3.95% Promissory Note On February 27, 2017, the Company converted its outstanding revolving credit facility of $9,441 into a three-year mortgage loan primarily collateralized by a retail shopping center in Melbourne, Florida. Shortly after the loan conversion, the Company withdrew an additional amount of $109, thereby increasing the loan amount to $9,550. The loan bore a fixed annual interest rate of 3.95%. Approximately $50 of principal and interest was payable in 35 monthly installments beginning March 17, 2017 plus a final balloon payment of $8,891 including principal and unpaid interest payable on February 17, 2020. 3.75% Callable Promissory Note The loan bears interest at a fixed annual rate of 3.75% and is collateralized by a retail shopping center in Sorrento, Florida and the lease agreements associated with this property. Approximately $53 of principal and interest is payable in 240 monthly installments. The promissory note may be repaid in full as long as the Company provides at least 60 days’ written notice and pays a prepayment premium as specified in the loan agreement. In addition, the lender may require full payment of the outstanding principal and unpaid interest on September 1, 2031 provided a written notice of its intention to call the note is given at least six months in advance. 4% Promissory Note The loan is collateralized by the Company’s Tampa, Florida headquarters, which is owned by HCPCI Holdings, LLC, and the lease agreements associated with this property. The loan bears interest at a fixed annual rate of 4%. Approximately $68 of principal and interest is payable in 180 monthly installments. The promissory note may be repaid in full as long as the Company provides at least 60 days’ written notice and pays a prepayment premium as specified in the loan agreement. 4.55% Promissory Note On July 6, 2018, Century Park Holdings, LLC, a subsidiary of the Company, entered into a 18-year loan agreement for $6,000 secured by commercial real estate in Tampa, Florida and an associated lease agreement. The loan bears interest at a fixed annual rate of 4.55%. Approximately $41 of principal and interest is payable in 216 monthly installments. The promissory note may be repaid in full or in part after September 1, 2020 as long as the Company provides at least 30 days’ written notice and pays a prepayment consideration as specified in the loan agreement.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Reinsurance	Note 14 -- Reinsurance The Company cedes a portion of its homeowners’ insurance exposure to other entities under catastrophe excess of loss reinsurance contracts and 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. The reinsurance premiums under one multi-year flood catastrophe excess of loss reinsurance contract are generally determined on a quarterly basis based on the premiums associated with the applicable flood total insured value in force on the last day of the preceding quarter. 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 1st each year. The Company purchases reinsurance each year taking into consideration probable maximum losses and reinsurance market conditions. The impact of the reinsurance treaties on premiums written and earned is as follows: Years Ended December 31, 2019 2018 2017 Premiums Written: Direct $ 360,525 $ 336,565 $ 346,188 Assumed 4,430 (109 ) 1,158 Gross written 364,955 336,456 347,346 Ceded (125,765 ) (129,643 ) (133,635 ) Net premiums written $ 239,190 $ 206,813 $ 213,711 Premiums Earned: Direct $ 340,656 $ 340,966 $ 347,235 Assumed 1,423 2,099 11,018 Gross earned 342,079 343,065 358,253 Ceded (125,765 ) (129,643 ) (133,635 ) Net premiums earned $ 216,314 $ 213,422 $ 224,618 During the years ended December 31, 2019, 2018, and 2017, ceded losses of $114,443, $149,120, and $214,082, respectively, were recognized as reductions in losses and LAE. Ceded losses related to Hurricane Irma, Hurricane Michael, other non-catastrophe claims were $103,613, $10,750, and $80, respectively, for 2019 and $143,890 and $5,230, respectively, for 2018. For 2017, the reduction in losses and LAE entirely related to Hurricane Irma. Ceded losses recognized in 2018 included $7,400 attributable to Oxbridge Reinsurance Limited, a related party. At December 31, 2019 and 2018, there were 31 and 38 reinsurers, respectively, participating in the Company’s reinsurance program. Amounts receivable with respect to reinsurers at December 31, 2019 and 2018 were $132,678 and $123,911, respectively. Approximately 61.4% of the reinsurance recoverable balance at December 31, 2019 was receivable from the Florida Hurricane Catastrophe Fund, a tax-exempt state trust fund. Based on the insurance ratings, the payment history and the financial strength of the reinsurers, management believes there was no significant credit risk associated with its reinsurers’ obligation to perform on any prepaid reinsurance contract and to fund any reinsurance recoverable balance as of December 31, 2019. The ratio of assumed premiums earned to net premiums earned for the years ended December 31, 2019, 2018 and 2017 was 0.66%, 0.98%, and 4.9%, respectively. One of the reinsurance contracts includes retrospective provisions that adjust premiums in the event losses are minimal or zero. For the year ended December 31, 2019, the Company recognized a reduction in ceded premiums of $6,778. For the year ended December 31, 2018, the Company recognized a net reduction in ceded premiums of $485 in contrast with a net increase in ceded premiums of $5,740 for the year ended December 31, 2017. Included in these adjustments attributable to the Company’s contract with Oxbridge for the years ended December 31, 2018 and 2017 were $448 and $933, respectively, of net increase in ceded premiums. In addition, adjustments related to retrospective provisions are reflected in other assets. At December 31, 2019 and 2018, other assets included $9,480 and $3,136, respectively. Management believes the credit risk associated with the collectability of these accrued benefits is minimal as the amount receivable is concentrated with one reinsurer and the Company monitors the creditworthiness of this reinsurer based on available information about the reinsurer’s financial condition.

Losses and Loss Adjustment Expe

Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Losses and Loss Adjustment Expenses	Note 15 -- Losses and Loss Adjustment Expenses The liability for losses and LAE is determined on an individual case basis for all claims reported. The liability also includes amounts for unallocated expenses, anticipated future claim development and losses incurred, but not reported. See Loss and Loss Adjustment Expenses The Company writes insurance primarily in the state of Florida, 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: Years Ended December 31, 2019 2018 2017 Net balance, beginning of year* $ 94,826 $ 97,818 $ 70,492 Incurred, net of reinsurance, related to: Current year 96,955 96,860 146,922 Prior years 10,559 12,468 18,707 Total incurred, net of reinsurance 107,514 109,328 165,629 Paid, net of reinsurance, related to: Current year (48,456 ) (54,698 ) (87,770 ) Prior years (55,710 ) (57,622 ) (50,533 ) Total paid, net of reinsurance (104,166 ) (112,320 ) (138,303 ) Net balance, end of year 98,174 94,826 97,818 Add: reinsurance recoverable 116,523 112,760 100,760 Gross balance, end of year $ 214,697 $ 207,586 $ 198,578 * 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 reserves is an inherently uncertain process and changes in loss 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 adjustments are adjusted. During the year ended December 31, 2019, the Company recognized losses related to prior years of $10,559, which were primarily attributable to unfavorable development resulting from litigation. Included in adverse development for 2019 were losses related to Hurricane Matthew of $1,923. Losses for the 2019 loss year included estimated losses of $7,400 pertaining to one severe storm event during the first quarter. During 2019, the Company increased its estimated gross losses for Hurricane Irma from $411,000 to $514,000 and for Hurricane Michael from $22,250 to $33,000 due to an increase in the number of claims and lawsuits. These increases had no impact on the Company’s results of operations as these additional losses were entirely ceded. The following is information about incurred and paid claims development as of December 31, 2019, net of reinsurance, as well as cumulative claim frequency and the total of incurred-but-not-reported liabilities plus expected development on reported claims included within the net incurred claims amounts. The information about incurred and paid claims development for the years ended December 31, 2015 to 2012 is presented as supplementary information and is unaudited. Homeowners Multi-peril and Dwelling Fire Insurance (a) As of December 31, 2019 Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Total of IBNR Plus Expected Development Reported Cumulative Number of Reported Claims (Not in Dollar Year 2012 2013 2014 2015 2016 2017 2018 2019 Claims Amounts)(b) 2012 $ 66,425 $ 62,742 $ 64,083 $ 66,505 $ 67,058 $ 66,465 $ 67,220 $ 67,469 $ 137 6,620 2013 — 67,579 69,932 69,906 72,015 71,604 73,763 74,043 306 7,008 2014 — — 75,810 81,773 84,917 88,053 90,084 92,454 805 7,659 2015 — — — 78,017 90,902 96,173 101,272 102,149 1,489 7,660 2016 — — — — 81,446 90,879 92,684 92,986 2,795 6,922 2017 — — — — — 91,443 88,937 89,652 8,567 5,748 2018 — — — — — — 79,436 83,976 16,499 4,657 2019 — — — — — — — 95,467 37,702 4,393 Total $ 698,196 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Year 2012 2013 2014 2015 2016 2017 2018 2019 2012 $ 36,914 $ 53,225 $ 59,041 $ 62,836 $ 64,667 $ 65,903 $ 67,059 $ 67,203 2013 — 40,240 57,374 64,257 68,106 70,224 72,492 73,420 2014 — — 47,650 68,897 77,712 82,463 87,125 90,707 2015 — — — 50,939 76,042 87,784 95,179 99,200 2016 — — — — 51,663 73,037 83,311 89,144 2017 — — — — — 43,039 66,996 78,808 2018 — — — — — — 41,014 63,958 2019 — — — — — — — 47,471 Total $ 609,911 All outstanding liabilities before 2012, net of reinsurance 298 Liabilities for LAE, net of reinsurance $ 88,583 (a) Excludes losses from Wind-only insurance (2012 through 2019) and any hurricane event prior to 2019. (b)  The cumulative number of reported claims is measured as the number of per-policyholder, per-event claims for all coverages regardless of whether the claim results in loss or expense to the Company. Homeowners Wind-only Insurance (a) * As of December 31, 2019 Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Total of IBNR Plus Expected Development Reported Cumulative Number of Reported Claims (Not in Dollar Year 2012 2013 2014 2015 2016 2017 2018 2019 Claims Amounts)(b) 2015 $ — $ — $ — $ 308 $ 401 $ 569 $ 692 $ 605 $ 24 100 2016 — — — — 1,005 1,314 1,814 1,853 77 228 2017 — — — — — 1,529 1,119 815 26 155 2018 — — — — — — 798 708 28 130 2019 — — — — — — — 1,132 46 134 Total $ 5,113 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Year 2012 2013 2014 2015 2016 2017 2018 2019 2015 $ — $ — $ — $ 156 $ 332 $ 465 $ 582 $ 582 2016 — — — — 689 1,155 1,405 1,772 2017 — — — — — 484 786 789 2018 — — — — — — 216 607 2019 — — — — — — — 828 Total $ 4,578 All outstanding liabilities before 2012, net of reinsurance — Liabilities for LAE, net of reinsurance $ 535 * The Company began writing Homeowners Wind-only insurance in 2015. (a)  Excludes losses from multi-peril and dwelling fire insurance (2012 through 2019) and any hurricane event prior to 2019. (b)  The cumulative number of reported claims is measured as the number of per-policyholder, per-event claims for all coverages regardless of whether the claim results in loss or expense to the Company. Losses Specific to Any Hurricane Event prior to 2019 As of December 31, 2019 Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Total of IBNR Plus Expected Development Reported Cumulative Number of Reported Claims (Not in Dollar Year 2012 2013 2014 2015 2016 2017 2018 2019 Claims Amounts)(b) 2016 $ — $ — $ — $ — $ 21,414 $ 24,126 $ 26,211 $ 28,133 $ 1,824 2,418 2017 — — — — — 53,602 54,080 53,557 5,992 20,867 2018 — — — — — — 16,543 16,532 432 1,699 2019 — — — — — — — — 35 136 Total $ 98,222 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Year 2012 2013 2014 2015 2016 2017 2018 2019 2016 $ — $ — $ — $ — $ 12,227 $ 20,025 $ 23,316 $ 25,849 2017 — — — — — 43,905 47,514 47,524 2018 — — — — — — 13,391 15,992 2019 — — — — — — — — Total $ 89,365 All outstanding liabilities before 2012, net of reinsurance — Liabilities for LAE, net of reinsurance $ 8,857 (b)  The cumulative number of reported claims is measured as the number of per-policyholder, per-event claims for all coverages regardless of whether the claim results in loss or expense to the Company. The reconciliation of the net incurred and paid loss development tables to the liability for losses and loss adjustment expenses is as follows: December 31, 2019 2018 Net outstanding liabilities Homeowners multi-peril and dwelling fire insurance $ 88,583 $ 80,767 Homeowners Wind-only insurance 535 1,434 Losses specific to any hurricane event prior to 2019 8,857 12,612 Other short-duration insurance lines 199 13 Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance 98,174 94,826 Reinsurance recoverables 116,523 112,760 Total gross liability for unpaid losses and loss adjustment expenses $ 214,697 $ 207,586 The following is supplementary and unaudited information about average historical claims duration as of December 31, 2019: Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance Years 1 2 3 4 5 6 7 8 Homeowners multi-peril and dwelling fire insurance 51.4 % 21.2 % 7.9 % 0.7 % 1.8 % 1.0 % 0.3 % 0.0 % Homeowners Wind-only insurance 46.4 % 26.1 % 7.5 % 1.9 % 0.0 % * * * Losses specific to any hurricane prior to 2019 70.6 % 14.4 % 3.4 % 2.6 % — — — — * The Company began writing Homeowners Wind-only insurance in 2015.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Information	Note 16 -- Segment Information The Company identifies its operating divisions based on organizational structure and revenue source. Currently, the Company has three reportable segments: insurance operations, real estate operations, and corporate and other. Due to their economic characteristics, the Company’s property and casualty insurance division and reinsurance division are grouped together into one reportable segment under insurance operations. 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, the information technology division, and other companies that do not meet the quantitative 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 years ended December 31, 2019, 2018 and 2017, revenues from the Company’s insurance operations before intracompany elimination represented 95.0%, 95.0% and 96.2%, respectively, of total revenues of all operating segments. At December 31, 2019 and 2018, insurance operations’ total assets represented 85.5% and 85.9%, respectively, of the combined assets of all operating segments. See Note 1 -- “Nature of Operations” for a description of the Company’s insurance operations. 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. Insurance Operations Real Estate(a) Corporate/ Other(b) Reclassification/ Elimination Consolidated For the Year Ended December 31, 2019 Revenue: Net premiums earned $ 216,314 $ — $ — $ — $ 216,314 Net investment income 12,230 1 2,348 (937 ) 13,642 Net realized investment gains (losses) 286 — (540 ) — (254 ) Net unrealized investment gains 6,565 — 1,385 — 7,950 Net other-than-temporary impairment losses (289 ) — — — (289 ) Policy fee income 3,229 — — — 3,229 Other 762 9,366 5,738 (13,984 ) 1,882 Total revenue 239,097 9,367 8,931 (14,921 ) 242,474 Expenses: Losses and loss adjustment expenses 107,514 — — — 107,514 Amortization of deferred policy acquisition costs 37,146 — — — 37,146 Interest expense 2 1,653 12,043 (643 ) 13,055 Depreciation and amortization 113 2,542 1,285 (2,390 ) 1,550 Other 30,590 5,168 23,246 (11,888 ) 47,116 Total expenses 175,365 9,363 36,574 (14,921 ) 206,381 Income (loss) before income taxes $ 63,732 $ 4 $ (27,643 ) $ — $ 36,093 Total revenue from non-affiliates(c) $ 239,097 $ 7,738 $ 7,176 (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 restaurant and marina businesses. (c) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Insurance Operations Real Estate(a) Corporate/ Other(b) Reclassification/ Elimination Consolidated For the Year Ended December 31, 2018 Revenue: Net premiums earned $ 213,422 $ — $ — $ — $ 213,422 Net investment income 10,862 1 5,554 164 16,581 Net realized investment gains 4,639 — 1,544 — 6,183 Net unrealized investment gains (8,688 ) — (1,514 ) — (10,202 ) Net other-than-temporary impairment losses — — (80 ) — (80 ) Policy fee income 3,389 — — — 3,389 Other 583 9,324 4,999 (12,907 ) 1,999 Total revenue 224,207 9,325 10,503 (12,743 ) 231,292 Expenses: Losses and loss adjustment expenses 109,328 — — — 109,328 Amortization of deferred policy acquisition costs 35,204 — — — 35,204 Interest expense 1 1,568 17,008 (481 ) 18,096 Depreciation and amortization 125 2,373 1,011 (2,140 ) 1,369 Other 25,797 4,254 20,464 (10,122 ) 40,393 Total expenses 170,455 8,195 38,483 (12,743 ) 204,390 Income (loss) before income taxes $ 53,752 $ 1,130 $ (27,980 ) $ — $ 26,902 Total revenue from non-affiliates(c) $ 224,207 $ 7,718 $ 9,331 (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 restaurant and marina businesses. (c) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Insurance Operations Real Estate(a) Corporate/ Other(b) Reclassification/ Elimination Consolidated For the Year Ended December 31, 2017 Revenue: Net premiums earned $ 224,618 $ — $ — $ — $ 224,618 Net investment income 9,898 6 2,974 (1,439 ) 11,439 Net realized investment gains 3,978 — 368 — 4,346 Net unrealized investment gains — — 92 — 92 Net other-than-temporary impairment losses (1,258 ) — (209 ) — (1,467 ) Policy fee income 3,622 — — — 3,622 Other 693 7,046 4,417 (10,400 ) 1,756 Total revenue 241,551 7,052 7,642 (11,839 ) 244,406 Expenses: Losses and loss adjustment expenses 165,629 — — — 165,629 Amortization of deferred policy acquisition costs 35,663 — — — 35,663 Interest expense — 1,250 15,704 (187 ) 16,767 Loss on repurchase of senior notes — — 743 — 743 Depreciation and amortization 128 2,121 939 (1,950 ) 1,238 Other 27,547 4,022 18,123 (9,702 ) 39,990 Total expenses 228,967 7,393 35,509 (11,839 ) 260,030 Income (loss) before income taxes $ 12,584 $ (341 ) $ (27,867 ) $ — $ (15,624 ) Total revenue from non-affiliates(c) $ 241,551 $ 5,525 $ 6,958 (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 restaurant and marina businesses. (c) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. The following table presents segment assets reconciled to the Company’s total assets in the consolidated balance sheets. December 31, 2019 2018 Segment: Insurance Operations $ 663,280 $ 615,983 Real Estate Operations 93,727 83,828 Corporate and Other 60,662 146,651 Consolidation and Elimination (15,060 ) (13,599 ) Total assets $ 802,609 $ 832,863

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Note 17 -- Leases At December 31, 2019, the Company had operating leases’ ROU assets and corresponding liabilities of $484 and $513, respectively. In addition, the Company had finance leases with ROU assets of $79 and corresponding lease liabilities of $60 at December 31, 2019. The following table summarizes the Company’s operating and finance leases in which the Company is a lessee: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office equipment 1 to 63 months Yes (a), (b) Storage units 2 years Yes (b) Office space 3 to 10 years Yes (b), (c) Finance lease: Office equipment 3 to 5 years Not applicable (d) (a) At the end of the lease term, the Company can purchase the equipment at fair market value. (b) There are no variable lease payments. (c) Rent escalation provisions exist. (d) There is a bargain purchase option. As of December 31, 2019, maturities of lease liabilities were as follows: Leases Operating Finance Due in Year 2020 $ 327 $ 19 2021 208 19 2022 17 17 2023 — 9 Total lease payments 552 64 Less: interest and foreign taxes 39 4 Total lease obligations $ 513 $ 60 The following table provides quantitative information with regard to the Company’s operating and finance leases. Year Ended December 31, 2019 Lease costs: Finance lease costs: Amortization – ROU assets* $ 15 Interest expense 2 Operating lease costs* 314 Short-term lease costs* 198 Total lease costs $ 529 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – finance leases $ 2 Operating cash flows – operating leases $ 318 Financing cash flows – finance leases $ 14 December 31, 2019 Weighted-average remaining lease term: Finance leases (in years) 3.7 Operating leases (in years) 1.7 Weighted-average discount rate: Finance leases 3.7 % Operating leases 4.0 % * Included in other operating expenses of the consolidated statement of income. The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office space 1 to 3 years Yes (e) Retail space 3 to 20 years Yes (e) Boat docks/wet slips 1 to 12 months Yes (e) (e) There are no purchase options.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 18 -- Income Taxes A summary of income tax expense is as follows: Years Ended December 31, 2019 2018 2017 Current: Federal $ 6,177 $ 7,443 $ (3,933 ) State 1,362 1,490 34 Foreign 107 104 81 Total current taxes 7,646 9,037 (3,818 ) Deferred: Federal 1,586 (245 ) (4,144 ) State 287 392 (757 ) Foreign (2 ) (7 ) (12 ) Total deferred taxes 1,871 140 (4,913 ) Income tax expense (benefit) $ 9,517 $ 9,177 $ (8,731 ) The reasons for the differences between the statutory Federal income tax rate and the effective tax rate are summarized as follows: Years Ended December 31, 2019 2018 2017 Amount % Amount % Amount % Income taxes at statutory rate $ 7,579 21.0 $ 5,649 21.0 $ (5,468 ) 35.0 Increase (decrease) in income taxes resulting from: State income taxes, net of federal tax benefits 1,362 3.8 1,303 4.8 (657 ) 4.2 Effects of tax rate changes (37 ) — — — (1,400 ) 9.0 Share-based compensation (159 ) (0.4 ) 2,156 8.0 (705 ) 4.5 Non-deductible executive compensation 685 1.9 306 1.1 244 (1.6 ) Other 87 0.1 (237 ) (0.8 ) (745 ) 4.8 Income tax (benefit) expense $ 9,517 26.4 $ 9,177 34.1 $ (8,731 ) 55.9 The Company has no uncertain tax positions or unrecognized tax benefits that, if recognized, would impact the effective income tax rate. The tax returns filed for the years ending December 31, 2018, 2017, and 2016 remain subject to examination by the Company’s major taxing jurisdictions. The Company elected to classify interest and penalties, if any, arising from uncertain tax positions as income tax expense as permitted by current accounting standards. There have been no material amounts of interest or penalties for the years ended December 31, 2019, 2018 and 2017. On December 22, 2017, the Tax Cuts and Jobs Act (the “2017 Tax Act”) was passed and signed into law. Key components of the 2017 Tax Act are: a permanent reduction to the federal corporate income tax rate from a bracket system with a top tax rate of 35% to a flat rate of 21% beginning on January 1, 2018; implementation of a territorial tax system; an amendment to Internal Revenue Code Section 965 that requires U.S. shareholders (10% or greater) of controlled foreign corporations and other specified foreign corporations to include in income, for the last taxable year of such foreign corporation beginning before January 1, 2018, such U.S. shareholder’s pro rata share of a deemed repatriation amount; and changes to carryback and carryforward rules for net operating losses arising after December 31, 2017. Under U.S. GAAP, the tax effects of changes in tax laws or rates need to be recognized in the period in which the law is enacted. For the years ended December 31, 2019 and 2018, the Company recorded income taxes of $9,517 and $9,177, respectively, resulting in effective tax rates of 26.4% and 34.1%, respectively. For the year ended December 31, 2017, the Company recorded approximately $8,731 of income tax benefits, which resulted in an effective tax rate of 55.9%. The decrease in the effective tax rate in 2019 as compared with 2018 was primarily attributable to the unfavorable factors in 2018 consisting of the negative effect of the derecognition of deferred tax assets of $1,825 for restricted stock awards of which market conditions would not be met prior to their expiry date, the disallowance of the deductibility of the $1,887 expense representing dividends cumulatively paid on such restricted stock awards which were reclassified from retained income (see Restricted Stock Awards in Note 21 -- “Stock-Based Compensation”), offset by an increase in nondeductible performance-based compensation expenses for 2019. The decrease in the effective tax rate in 2018 as compared with 2017 was primarily attributable to the reduction of the federal corporate income tax rate from 35% to 21%, offset by the opposing factors in 2018 as described earlier. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s net deferred income tax assets are as follows: December 31, 2019 2018 Deferred tax assets: Unearned premiums $ 6,272 $ 5,455 Losses and loss adjustment expenses 2,838 3,001 Stock-based compensation 878 716 Net unrealized investment losses — 1,641 Other-than-temporary impairment losses 77 6 Organizational costs 63 76 Accrued expenses 86 78 Unearned revenue 120 231 Bad debt reserve 9 20 Other — 26 Total deferred tax assets 10,343 11,250 Deferred tax liabilities: Property and equipment (1,661 ) (1,430 ) Intangible assets (2,214 ) (1,841 ) Deferred policy acquisition costs (5,469 ) (4,347 ) Net unrealized investment gains (1,547 ) — Basis difference related to partnership investments (1,188 ) (1,193 ) Basis difference related to convertible senior notes (1,256 ) (2,429 ) Prepaid expenses (392 ) (394 ) Other (624 ) (684 ) Total deferred tax liabilities (14,351 ) (12,318 ) Net deferred tax liabilities $ (4,008 ) $ (1,068 ) State net operating loss carryforwards were fully utilized in 2018 and as such, there are no state net operating loss carryforwards as of December 31, 2018. A valuation allowance is established if, based upon the relevant facts and circumstances, management believes any portion of the deferred tax assets will not be realized. Although realization of deferred income tax assets is not certain, management believes it is more likely than not that deferred tax assets will be realized. Thus, the Company did not have a valuation allowance established as of December 31, 2019 or 2018. The 2017 Tax Act implemented a mandatory one-time tax of eight percent on illiquid assets and 15.5% percent on cash and cash equivalents attributable to the accumulated earnings of controlled foreign companies and other specified foreign corporations on U.S. shareholders owning ten percent or greater of the foreign company. The Company included this one-time federal income tax and the corresponding state taxes attributable to this deemed repatriation amount in the net income tax benefit for the year ended December 31, 2017. In addition to this mandatory one-time deemed repatriation, the 2017 Tax Act also implemented a territorial system which exempts U.S. corporations from U.S. taxes on most future foreign profits. Since all accumulated earnings of the Company’s foreign subsidiary at December 31, 2017 were subjected to federal and state income taxes as a result of the one-time mandatory deemed repatriation and all earnings of its foreign subsidiaries after December 31, 2017 will not be subject to U.S. income taxes, the Company will no longer be required to consider the establishment of a deferred tax liability related to the undistributed earnings of its foreign subsidiary.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 19 -- 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 (loss). A summary of the numerator and denominator of the basic and fully diluted earnings (loss) per common share is presented below: Income (Numerator) Shares (a) (Denominator) Per Share Amount Year Ended December 31, 2019 Net income $ 26,576 Less: Income attributable to participating securities (1,448 ) Basic Earnings Per Share: Income allocated to common stockholders 25,128 7,580 $ 3.32 Effect of Dilutive Securities: Stock options — 12 Convertible senior notes 8,748 2,646 Diluted Earnings Per Share: Income available to common stockholders and assumed conversions $ 33,876 10,238 $ 3.31 (a) Shares in thousands. Loss (Numerator) Shares (a) (Denominator) Per Share Amount Year Ended December 31, 2018 Net income $ 17,725 Less: Loss attributable to participating securities* 717 Basic Earnings Per Share: Income allocated to common stockholders 18,442 7,878 $ 2.34 Effect of Dilutive Securities:** Stock options — 17 Diluted Earnings Per Share: Income available to common stockholders and assumed conversions $ 18,442 7,895 $ 2.34 (a) Shares in thousands. * Loss attributable to participating securities included the reclassification of cumulative dividends paid on certain restricted stock with market based vesting conditions from retained income to expense. See Restricted Stock Awards in Note 21 -- “Stock-Based Compensation” for additional information. ** Convertible senior notes were excluded due to antidilutive effect. Income (Loss) (Numerator) Shares (a) (Denominator) Per Share Amount Year Ended December 31, 2017 Net loss $ (6,893 ) Less: Loss attributable to participating securities 481 Basic and Diluted Loss Per Share: Loss available to common stockholders*** $ (6,412 ) 8,558 $ (0.75 ) (a) Shares in thousands. *** Stock options and convertible senior notes were excluded due to antidilutive effect.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	Note 20 -- Stockholders’ Equity Common Stock For each of the last two years, the Company’s Board of Directors authorized a one-year plan to repurchase up to $20,000 of the Company’s common shares before commissions and fees. The shares may be purchased for cash in open market purchases, block transactions and privately negotiated transactions in accordance with applicable federal securities laws. The share repurchase plan may be modified, suspended, terminated or extended by the Company any time without prior notice. During the years ended December 31, 2019 and 2018, the Company repurchased and retired 454,010 and 511,628 shares, respectively, at weighted average prices per share of $41.49 and $39.09, respectively. The total costs of shares repurchased, inclusive of fees and commissions, during the years ended December 31, 2019 and 2018 were $18,851 and $20,015, respectively, or $41.52 and $39.12 per share, respectively. On December 19, 2019, the Board decided to extend the repurchase plan to March 15, 2020. Series B Junior Participating Preferred Share Purchase Right On April 18, 2017, the Company’s Board of Directors terminated the Company’s shareholder rights plan by amending the share purchase right’s expiration date to April 18, 2017. Prior to the amended expiration date, one preferred share purchase right entitled a common shareholder to purchase from the Company one one-hundredth of a share of Series B Junior Participating Preferred Stock, no par value, at a price of $125.00 per one one-hundredth of such preferred share. Share Repurchase Agreements In conjunction with the issuance of the 4.25% Convertible Notes in March 2017 as described in Note 13 -- “Long-Term Debt” under Convertible Senior Notes Prepaid Share Repurchase Forward Contracts The Company has one outstanding prepaid share repurchase forward contract entered into with Societe Generale, a forward counterparty. The Company entered into this forward contract in conjunction with the March 2017 issuance of the 4.25% Convertible Notes as described in Note 13 -- “Long-Term Debt” under Convertible Senior Notes The forward contract is subject to early settlement, in whole or in part, at any time prior to the final settlement date at the option of the forward counterparty, as well as early settlement or settlement with alternative consideration in the event of certain corporate transactions. In the event the Company pays any cash dividends on its common shares, the forward counterparty will pay an equivalent amount to the Company. The shares to be purchased under the forward contract will be treated as retired for financial statement purposes as of the effective date of the forward contract, but will remain outstanding for corporate law purposes, including for purposes of any future stockholder votes. The Company determined that the forward contract does not meet the characteristics of a derivative instrument and, as such, the transaction resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for both basic and diluted earnings (loss) per share. In November 2018, the Company’s share repurchase forward contract with Deutsche Bank AG, London Branch, entered into in conjunction with the 2013 issuance of the 3.875% Convertible Notes, was settled with the delivery of 622,751 shares of the Company’s common stock. Preferred Stock Series A Cumulative Convertible Preferred Stock At December 31, 2019 and 2018, there were no Series A Cumulative Convertible Preferred Stock issued or outstanding. Series B Junior Participating Preferred Stock (“Series B Preferred”) At December 31, 2019 and 2018, there were no Series B Preferred issued or outstanding. Undesignated Preferred Stock The Company is authorized to issue up to an additional 18,100,000 shares of preferred stock, no par value. The authorized but unissued and undesignated preferred stock may be issued in one or more series and the shares of each series shall have such rights as determined by the Company’s Board of Directors subject to the rights of the holders of the Series A Cumulative Convertible Preferred Stock and Series B Preferred.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note 21 -- Stock-Based Compensation Incentive Plan The Company currently has outstanding stock-based awards granted under its 2007 Stock Option and Incentive Plan and 2012 Omnibus Incentive Plan. Only the 2012 Plan is active and available for future grants. With respect to the 2012 Plan, the Company may grant stock-based awards to employees, directors, consultants, and advisors of the Company. At December 31, 2019, there were 1,761,804 shares available for grant. Stock Options Stock options granted and outstanding under the incentive plans vest over periods ranging from immediately vested to five years and are exercisable over the contractual term of ten years. A summary of the stock option activity for the years ended December 31, 2019, 2018 and 2017 is as follows (option amounts not in thousands): Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at January 1, 2017 50,000 $ 4.02 2.3 years $ 1,773 Granted 110,000 $ 40.00 Exercised (30,000 ) $ 2.50 Outstanding at December 31, 2017 130,000 $ 34.82 8.2 years $ 472 Granted 110,000 $ 40.00 Outstanding at December 31, 2018 240,000 $ 37.19 8.8 years $ 3,278 Granted 110,000 $ 53.00 Exercised (10,000 ) $ 6.30 Outstanding at December 31, 2019 340,000 $ 43.21 7.9 years $ 1,657 Exercisable at December 31, 2019 92,500 $ 36.36 6.8 years $ 868 The following table summarizes information about options exercised for the years ended December 31, 2019, 2018 and 2017 (option amounts not in thousands): 2019 2018 2017 Options exercised 10,000 — 30,000 Total intrinsic value of exercised options $ 347 $ — $ 1,319 Tax benefits realized $ 85 $ — $ 509 For the years ended December 31, 2019, 2018 and 2017, the Company recognized $870, $521 and $306, respectively, of compensation expense which was included in general and administrative personnel expenses. Deferred tax benefits related to stock options were $22, $79 and $78 for the years ended December 31, 2019, 2018 and 2017, respectively. At December 31, 2019 and 2018, there was $1,835 and $1,359, respectively, of unrecognized compensation expense related to nonvested stock options. The Company expects to recognize the remaining compensation expense over a weighted-average period of 2.4 years. The following table provides assumptions used in the Black-Scholes option-pricing model to estimate the fair value of the stock options granted during the years ended December 31, 2019, 2018 and 2017: 2019 2018 2017 Expected dividend yield 3.34 % 4.00 % 3.53 % Expected volatility 40.17 % 42.22 % 42.86 % Risk-free interest rate 2.53 % 2.57 % 1.92 % Expected life (in years) 5 5 5 Restricted Stock Awards From time to time, the Company has granted and may grant restricted stock awards to certain executive officers, other employees and nonemployee directors in connection with their service to the Company. The terms of the Company’s outstanding restricted stock grants include only service conditions. The determination of fair value with respect to the awards with only service-based conditions is based on the market value of the Company’s stock on the grant date. Information with respect to the activity of unvested restricted stock awards during the years ended December 31, 2019, 2018 and 2017 is as follows: Number of Restricted Stock Awards Weighted Average Grant Date Fair Value Nonvested at January 1, 2017 542,503 $ 30.81 Granted 154,936 $ 42.92 Vested (75,983 ) $ 37.95 Forfeited (23,766 ) $ 36.32 Nonvested at December 31, 2017 597,690 $ 32.82 Granted 189,860 $ 41.81 Vested (98,617 ) $ 40.82 Forfeited (56,637 ) $ 36.46 Nonvested at December 31, 2018 632,296 $ 33.33 Granted 180,404 $ 42.79 Vested (116,164 ) $ 40.10 Forfeited (299,776 ) $ 25.31 Nonvested at December 31, 2019 396,760 $ 41.71 The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $5,590, $4,111 and $4,217 for the years ended December 31, 2019, 2018 and 2017, respectively. At December 31, 2019 and 2018, there was approximately $12,661 and $11,199, 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 2.6 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 years ended December 31, 2019, 2018 and 2017. 2019 2018 2017 Deferred tax benefits recognized $ 1,075 $ 862 $ 970 Tax benefits realized for restricted stock and paid dividends $ 1,129 $ 1,086 $ 1,396 Fair value of vested restricted stock $ 4,658 $ 4,025 $ 2,884 During 2019, 284,000 shares of the Company’s restricted stock awards granted to employee and nonemployee directors were forfeited for not meeting their market-based vesting conditions. Any dividend payment associated with these awards during 2019 was expensed when declared. As a result, for the year ended December 31, 2019, the Company recognized dividends of $237 in general and administrative personnel expenses for $170 and in other operating expenses for $67. During 2018, the Company reclassified from retained income dividends of $1,887 cumulatively paid on unvested restricted stock awards with market based vesting conditions to general and administrative personnel expenses for $1,346 and to other operating expenses for $541. These awards, of which the market conditions would not have been met, were granted to the Company’s employee and nonemployee directors during 2013. As a result, for the year ended December 31, 2018, the Company recognized dividends of $195 related to these awards in general and administrative personnel expenses for $159 and in other operating expenses for $36. During the years ended December 31, 2019, 2018 and 2017, no awards were issued with other than service-based vesting conditions.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plan	Note 22 -- Employee Benefit Plan The Company has a 401(k) Safe Harbor Profit Sharing Plan (“401(k) Plan”) that qualifies as a defined contribution plan under Section 401(k) of the Internal Revenue Code. Under the 401(k) Plan, participating employees are eligible for company matching and discretionary profit sharing contributions. Plan participants may elect to defer up to one hundred percent of their pre-tax gross wages, subject to annual limitations. The Company matching contribution is limited to a maximum of four percent of the employee’s annual salary or wage and is fully vested when contributed. Eligibility and vesting of the Company’s discretionary profit sharing contribution is subject to the plan participant’s years of service. During the years ended December 31, 2019, 2018 and 2017, the Company contributed approximately $638, $536 and $560, respectively, in matching contributions, which are included in general and administrative personnel expenses. There has been no discretionary profit sharing contribution since the plan’s inception. The Company also maintains benefit plans for its employees in India including a statutory post-employment benefit plan, or gratuity plan, providing defined, lump-sum benefits. The Company’s liability for the gratuity plan reflects the undiscounted benefit obligation payable as of the balance sheet date, which was based upon the employees’ salary and years of service. At December 31, 2019 and 2018, the amounts accrued under the gratuity plan were $89 and $72, respectively. In addition, the Company provides matching contributions with respect to two defined contribution plans: the Provident Fund and the Employees State Insurance Fund, both of which are available to qualifying employees in India. Expense recognized by the Company for all benefit plans in India was $17, $14 and $17, respectively, for the years ended December 31, 2019, 2018 and 2017.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 23 -- Commitments and Contingencies Obligations under Multi-Year Reinsurance Contract As of December 31, 2019, the Company has a contractual obligation related to one multi-year reinsurance contract. This contract may be cancelled only with the other party’s consent. The future minimum aggregate premium amounts payable to the reinsurer is $2,024 due in 12 months following December 31, 2019. Reinsurance premiums payable after March 31, 2020 are estimated and subject to subsequent revision as the premiums are determined on a quarterly basis based on the premiums associated with the applicable flood total insured value on the last day of the preceding quarter. Rental Income The Company leases available space at the Company’s headquarters and at its various investment properties to non-affiliates at various terms. In addition, the Company leases boat slips and docks on a long-term basis. Expected annual rental income due under non-cancellable operating leases for all properties owned at December 31, 2019 is as follows: Year Amount 2020 $ 4,164 2021 3,699 2022 3,188 2023 2,709 2024 2,683 Thereafter 11,720 Total $ 28,163 Capital Commitment As described in Note 5 -- “Investments” under Limited Partnership Investments

Quarterly Results of Operations

Quarterly Results of Operations	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results of Operations	Note 24 -- Quarterly Results of Operations (Unaudited) The tables below summarize unaudited quarterly results of operations for 2019, 2018 and 2017. Three Months Ended 03/31/19 06/30/19 09/30/19 12/31/19 Net premiums earned $ 51,184 $ 51,998 $ 54,434 $ 58,698 Total revenue 60,634 58,630 59,979 63,231 Losses and loss adjustment expenses 26,996 24,293 27,327 28,898 Policy acquisition and other underwriting expenses 9,673 10,077 10,988 11,759 Interest expense 4,337 2,884 2,907 2,927 Total expenses 51,351 48,315 52,260 54,455 Income (loss) before income taxes 9,283 10,315 7,719 8,776 Net income (loss) 6,738 7,553 5,853 6,432 Comprehensive income (loss) 8,732 8,767 6,189 6,519 Earnings per share: Basic $ 0.82 $ 0.93 $ 0.73 $ 0.84 Diluted* $ 0.82 $ 0.90 $ 0.73 $ 0.82 * During the quarters ended March 31, 2019 and September 30, 2019, the convertible senior notes were antidilutive. Three Months Ended 03/31/18 06/30/18 09/30/18 12/31/18 Net premiums earned $ 53,522 $ 52,965 $ 54,177 $ 52,758 Total revenue 57,739 58,813 61,743 52,997 Losses and loss adjustment expenses 19,655 21,803 25,769 42,101 Policy acquisition and other underwriting expenses 9,360 9,959 9,829 9,795 Interest expense 4,470 4,505 4,552 4,569 Total expenses 42,935 47,293 49,820 64,342 Income (loss) before income taxes 14,804 11,520 11,923 (11,345 ) Net income (loss) 10,791 6,403 8,997 (8,466 ) Comprehensive income (loss) 8,340 6,413 8,955 (8,818 ) Earnings (loss) per share: Basic $ 1.25 $ 0.96 $ 1.08 $ (0.95 ) Diluted** $ 1.11 $ 0.92 $ 1.00 $ (0.95 ) * * During the quarter ended December 31, 2018, the convertible senior notes and stock options were antidilutive. Three Months Ended 03/31/17 06/30/17 09/30/17 12/31/17 Net premiums earned $ 63,036 $ 61,847 $ 43,964 $ 55,771 Total revenue 67,713 67,580 47,490 61,623 Losses and loss adjustment expenses 25,529 27,665 89,231 23,204 Policy acquisition and other underwriting expenses 9,649 10,070 9,926 10,018 Interest expense 3,542 4,378 4,408 4,439 Total expenses 48,571 53,275 113,508 44,676 Income (loss) before income taxes 19,142 14,305 (66,018 ) 16,947 Net income (loss) 12,020 9,542 (40,546 ) 12,091 Comprehensive income (loss) 12,949 8,959 (38,792 ) 11,914 Earnings (loss) per share: Basic $ 1.27 $ 1.05 $ (4.44 ) $ 1.37 Diluted*** $ 1.15 $ 0.93 $ (4.44 ) $ 1.14 * ** During the quarter ended September 30, 2017, the convertible senior notes and stock options were antidilutive.

Regulatory Requirements and Res

Regulatory Requirements and Restrictions	12 Months Ended
	Dec. 31, 2019
Text Block [Abstract]
Regulatory Requirements and Restrictions	Note 25 -- Regulatory Requirements and Restrictions The Company has no restrictions on the payment of dividends to its shareholders except those restrictions imposed by the Florida Business Corporation Act and those restrictions imposed by insurance statutes and regulations applicable to the Company’s insurance subsidiaries. As of December 2019, without prior regulatory approval, $88,780 of the Company’s consolidated retained earnings was free from restriction under the insurance statutes and regulations and available for the payment of dividends in 2020. The following briefly describes certain related and other requirements and restrictions imposed by the states or jurisdiction in which the Company’s insurance subsidiaries are incorporated. Florida HCPCI and TypTap, which are domiciled in Florida, prepare their statutory financial statements in accordance with accounting principles and practices prescribed or permitted by the Florida Department of Financial Services, Office of Insurance Regulation, which Florida utilizes for determining solvency under the Florida Insurance Code (the “Code”). The commissioner of the FLOIR has the right to permit other practices that may deviate from prescribed practices. Prescribed statutory accounting practices are those practices that are incorporated directly or by reference in state laws, regulations, and general administrative rules applicable to all insurance enterprises domiciled in Florida. Permitted statutory accounting practices encompass all accounting practices that are not prescribed; such practices differ from state to state, may differ from entity to entity within a state, and may change in the future. The Code requires HCPCI and TypTap to maintain capital and surplus equal to the greater of 10% of their respective liabilities or a statutory minimum as defined in the Code. TypTap, the Company’s insurance subsidiary organized in 2015, was subject to a consent order that required TypTap to maintain minimum capital and surplus of $20,000 during the year ending December 31, 2018. At December 31, 2019, HCPCI and TypTap were required to maintain minimum capital and surplus of $21,700 and $10,000, respectively. At December 31, 2018, HCPCI was required to maintain minimum capital and surplus of $21,700. HCPCI and TypTap were in compliance with these requirements at December 31, 2019 and 2018. U.S. GAAP differs in certain respects from the accounting practices prescribed or permitted by insurance regulatory authorities (statutory-basis). These entities’ statutory-basis financial statements are presented on the basis of accounting practices prescribed or permitted by the FLOIR. The FLOIR has adopted the National Association of Insurance Commissioner’s (“NAIC”) Accounting Practices and Procedures Manual Since inception, HCPCI and TypTap have each maintained a cash deposit with the Insurance Commissioner of the state of Florida in the amount of $300 to meet regulatory requirements. Under Florida law, a domestic insurer may not pay any dividend or distribute cash or other property to its stockholders except out of that part of its available and accumulated capital and surplus funds which is derived from realized net operating profits on its business and net realized capital gains. A Florida domestic insurer may not make dividend payments or distributions to stockholders without prior approval of the FLOIR if the dividend or distribution would exceed the larger of (1) the lesser of (a) 10.0% of its capital surplus or (b) net income, not including realized capital gains, plus a two year carry forward, (2) 10.0% of capital surplus with dividends payable constrained to unassigned funds minus 25% of unrealized capital gains or (3) the lesser of (a) 10.0% of capital surplus or (b) net investment income plus a three year carry forward with dividends payable constrained to unassigned funds minus 25% of unrealized capital gains. Alternatively, a Florida domestic insurer may pay a dividend or distribution without the prior written approval of the FLOIR if (1) the dividend is equal to or less than the greater of (a) 10.0% of the insurer’s capital surplus as regards to policyholders derived from realized net operating profits on its business and net realized capital gains or (b) the insurer’s entire net operating profits and realized net capital gains derived during the immediately preceding calendar year, (2) the insurer will have policy holder capital surplus equal to or exceeding 115.0% of the minimum required statutory capital surplus after the dividend or distribution, (3) the insurer files a notice of the dividend or distribution with the FLOIR at least ten business days prior to the dividend payment or distribution and (4) the notice includes a certification by an officer of the insurer attesting that, after the payment of the dividend or distribution, the insurer will have at least 115% of required statutory capital surplus as to policyholders. Except as provided above, a Florida domiciled insurer may only pay a dividend or make a distribution (1) subject to prior approval by the FLOIR or (2) 30 days after the FLOIR has received notice of such dividend or distribution and has not disapproved it within such time. As a result, HCPCI was qualified to make dividend payments at December 31, 2019, 2018 and 2017. In addition, Florida property and casualty insurance companies are required to adhere to prescribed premium-to-capital surplus ratios. Florida state law requires that the ratio of 90% of written premiums divided by surplus as to policyholders does not exceed 10 to 1 for gross written premiums or 4 to 1 for net written premiums. The required ratio of gross and net written premium to surplus, which the Company’s insurance companies had exceeded, is summarized below: Years Ended December 31, 2019 2018 2017 HCPCI: Gross 1.92 to 1 2.17 to 1 2.01 to 1 Net 1.15 to 1 1.27 to 1 1.11 to 1 TypTap: Gross 2.23 to 1 0.57 to 1 0.33 to 1 Net 1.63 to 1 0.38 to 1 0.27 to 1 Bermuda The Bermuda Monetary Authority requires Claddaugh Casualty Insurance Company, Ltd. (“Claddaugh”), the Company’s Bermuda domiciled reinsurance subsidiary, to maintain minimum capital and surplus of $2,000. At December 31, 2019 and 2018, Claddaugh’s statutory capital and surplus was approximately $34,500 and $45,000, respectively. For the years ended December 31, 2019, 2018 and 2017, Claddaugh reported statutory net losses of approximately $4,400, $8,100 and $5,200, respectively. During 2019 and 2018, Claddaugh made returns of capital distribution of $6,000 and $10,000, respectively, to the Company. During 2017, Claddaugh made a dividend payment of $20,000 to the Company. HCPCI and TypTap are subject to risk-based capital (“RBC”) requirements as specified by the NAIC. Under those requirements, the amount of minimum capital and surplus maintained by a property and casualty insurance company is to be determined based on the various risks related to it. Pursuant to the RBC requirements, insurers having less statutory capital than required by the RBC calculation will be subject to varying degrees of regulatory action, depending on the level of capital inadequacy. At December 31, 2019 and 2018, the Company’s insurance subsidiaries individually exceeded any applicable minimum risk-based capital requirements and no corrective actions have been required. As of December 31, 2019, the combined statutory capital and surplus and minimum capital and surplus of the Company’s U.S. insurance subsidiaries were approximately $186,446 and $95,318, respectively. At December 31, 2019 and 2018, restricted net assets represented by the Company’s insurance subsidiaries amounted to $191,210 and $181,571, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 26 -- Related Party Transactions Claddaugh had a reinsurance agreement with Oxbridge Reinsurance Limited (“Oxbridge”) whereby a portion of the business assumed from the Company’s insurance subsidiary, HCPCI, was ceded by Claddaugh to Oxbridge. On May 28, 2018, Claddaugh terminated its multi-year reinsurance contract with Oxbridge, effective June 1, 2018. Upon termination, Claddaugh agreed to pay Oxbridge a settlement fee of $600 and derecognized the benefits accrued in connection with retrospective provisions. The settlement fee and the derecognition of the $622 of accrued benefits were recorded in premiums ceded. With respect to the period from June 1, 2016 through May 31, 2017, Oxbridge assumed $6,000 of the total covered exposure for approximately $3,400 in premiums. With respect to the period from June 1, 2017 through May 31, 2018, Oxbridge assumed $7,400 of the total covered exposure for approximately $3,400 in premiums. Among the Oxbridge shareholders are Paresh Patel, the Company’s chief executive officer, and members of his immediate family and three of the Company’s non-employee directors including Sanjay Madhu who serves as Oxbridge’s president and chief executive officer. In March 2018, the Company purchased six-month certificates of deposit totaling approximately $15,094 from First Home Bank, a local bank in the Tampa Bay area where two of the Company’s directors are members of the bank’s board of directors. In May 2018, the Company moved the funds from the certificate of deposit accounts to a money market account. The interest rates and terms of the accounts were comparable to those offered at the time to other clients of the bank. At December 31, 2019, all accounts with this bank were closed.

Condensed Financial Information

Condensed Financial Information of HCI Group, Inc.	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of HCI Group, Inc.	Note 27 -- Condensed Financial Information of HCI Group, Inc. Condensed financial information of HCI Group, Inc. is as follows: Balance Sheets December 31, 2019 2018 Assets Cash and cash equivalents $ 17,738 $ 42,292 Fixed-maturity securities, available for sale, at fair value 745 38,224 Equity securities, at fair value 6,689 7,299 Short-term investments — 25,275 Limited partnership investments, at equity 21,405 21,711 Note receivable – related party 1,280 1,280 Investment in subsidiaries 290,675 290,469 Property and equipment, net 345 445 Income tax receivable — 3,019 Other assets 4,466 1,136 Total assets $ 343,343 $ 431,150 Liabilities and Stockholders’ Equity Accrued expenses and other liabilities $ 6,526 $ 4,772 Income tax payable 1,443 — Deferred income taxes, net 2,587 3,594 Revolving credit facility 9,750 — Long-term debt 134,080 219,301 Due to related parties 3,414 22,042 Total liabilities 157,800 249,709 Total stockholders’ equity 185,543 181,441 Total liabilities and stockholders’ equity $ 343,343 $ 431,150 Statements of Income Years Ended December 31, 2019 2018 2017 Net investment income $ 2,295 $ 5,348 $ 2,799 Net realized investment (losses) gains (541 ) 1,544 367 Net unrealized investment gains (losses) 1,385 (1,514 ) 92 Other-than-temporary impairment losses — (80 ) (209 ) Loss on repurchases of senior notes — — (743 ) Interest expense (12,042 ) (17,007 ) (15,704 ) Operating expenses (6,353 ) (5,429 ) (5,489 ) Loss before income tax benefit and equity in income of subsidiaries (15,256 ) (17,138 ) (18,887 ) Income tax benefit 3,092 1,856 9,605 Net loss before equity in income of subsidiaries (12,164 ) (15,282 ) (9,282 ) Equity in income of subsidiaries 38,740 33,007 2,389 Net income (loss) $ 26,576 $ 17,725 $ (6,893 ) Statements of Cash Flows Years Ended December 31, 2019 2018 2017 Cash flows from operating activities: Net income (loss) $ 26,576 $ 17,725 $ (6,893 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Stock-based compensation 3,638 2,550 2,630 Net realized investment losses (gains) 541 (1,544 ) (367 ) Net unrealized investment (gains) losses (1,385 ) 1,514 (92 ) Amortization of premiums (discounts) on investments in fixed-maturity securities 66 (3 ) 51 Depreciation and amortization 5,194 7,737 6,673 Net income from limited partnership investments (701 ) (3,007 ) (1,354 ) Distributions from limited partnership interests 1,661 1,495 881 Other-than-temporary impairment losses — 80 209 Loss on repurchases of senior notes — — 743 Loss from disposal of property and equipment — — 17 Equity in income of subsidiaries (38,740 ) (33,007 ) (2,389 ) Deferred income taxes (916 ) 1,075 (4,224 ) Changes in operating assets and liabilities: Income taxes 4,462 4 (1,461 ) Other assets (3,042 ) (144 ) (106 ) Accrued expenses and other liabilities 1,750 273 1,544 Due to related parties (16,754 ) (2,600 ) (54,896 ) Net cash used in operating activities (17,650 ) (7,852 ) (59,034 ) Cash flows from investing activities: Investment in limited partnership interest (1,602 ) (5,125 ) (4,611 ) Investment in note receivable – related party — — (7,280 ) Purchase of fixed-maturity securities (234 ) (5,864 ) (31,034 ) Purchase of equity securities (8,733 ) (16,913 ) (12,483 ) Purchase of short-term and other investments (187 ) (50,510 ) — Purchase of property and equipment (176 ) (154 ) (306 ) Proceeds from sales of fixed-maturity securities 477 2,215 667 Proceeds from calls, repayments and maturities of fixed-maturity securities 35,361 — — Proceeds from sales of equity securities 9,906 20,698 8,886 Proceeds from sales, redemptions and maturities of short-term and other investments 25,733 25,401 — Collection of note receivable – related party — 6,000 — Distributions from limited partnership interests 948 158 11,758 Dividends received from subsidiary 44,000 42,000 105,000 Return of capital from subsidiary 6,000 10,000 — Investment in subsidiaries (5,000 ) — — Net cash provided by investing activities 106,493 27,906 70,597 Statements of Cash Flows (Continued) Years Ended December 31, 2019 2018 2017 Cash flows from financing activities: Repurchases of common stock (1,203 ) (1,151 ) (30,718 ) Repurchases of common stock under share repurchase plan (18,851 ) (20,015 ) (15,154 ) Repurchases of senior notes — — (40,250 ) Debt issuance costs paid (459 ) — (4,975 ) Cash dividends paid to stockholders (13,012 ) (11,318 ) (13,906 ) Cash dividends received under share repurchase forward contract 306 967 1,073 Proceeds from revolving credit facility 9,750 — — Proceeds from exercise of stock options 63 — 75 Proceeds from issuance of long-term debt — — 143,750 Repayment of long-term debt (89,991 ) — — Net cash (used in) provided by financing activities (113,397 ) (31,517 ) 39,895 Net (decrease) increase in cash and cash equivalents (24,554 ) (11,463 ) 51,458 Cash and cash equivalents at beginning of year 42,292 53,755 2,297 Cash and cash equivalents at end of year $ 17,738 $ 42,292 $ 53,755

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 28 -- Subsequent Events On February 28, 2020, the Company entered into a loan agreement with American Equity Investment Life Insurance Company for gross proceeds of $10,000. The agreement bears interest at a fixed rate of 3.90% and is secured by the property in Melbourne, Florida and the assignment of associated lease agreements. Approximately $60 of principal and interest is payable in 143 monthly installments beginning April 1, 2020 plus a final balloon payment of $5,007 including principal and unpaid interest payable on March 1, 2032. The promissory note may be repaid in full at any time as long as the Company provides at least 60 days’ written notice and pays a prepayment premium and a processing fee. The proceeds were primarily used to repay the 3.95% Promissory Note due in February 2020. On February 5, 2020, HCPCI entered into a policy replacement agreement with Anchor Property & Casualty Insurance Company (“Anchor”). Under the agreement, Anchor will cancel all its policies as of April 1, 2020 and HCPCI will offer short-term replacement policies to those policyholders, who are under no obligation to accept them. The replacement policies will have substantially the same terms and rates as the cancelled polices and will expire on the same dates the cancelled policies would have expired had they not been cancelled. Upon expiration of the replacement policies, HCPCI will offer renewals to those policyholders at its own rates and terms. At April 1, 2020, HCPCI expects to offer up to approximately 43,000 replacement policies, representing annualized premiums of up to $69,000. In addition, HCPCI will pay a cash bonus at the agreed rate ($50 per $1,000 of premium in force), provided that Anchor is in compliance with the covenants specified in the agreement. On January 21, 2020, the Company’s Board of Directors declared a quarterly dividend of $0.40 per common share. The dividends are scheduled for payment on March 20, 2020 to stockholders of record on February 21, 2020. On January 16, 2020, the Company granted 40,000 shares of restricted stock and 110,000 options to purchase the Company’s common shares at an exercise price of $48 per share to its chief executive officer, Paresh Patel. The options will expire on January 16, 2030. These share-based awards were granted pursuant to the 2012 Plan and will vest in equal annual installments over four years, so long as Mr. Patel remains employed by the Company. The grant date fair values of the restricted stock and options were $1,839 and $1,234, respectively.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Adoption of New Accounting Standards	Adoption of New Accounting Standards. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02 (“ASU 2016-02”), Leases (Topic 842). The guidance establishes new principles that lessees and lessors will apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. ASU 2016-02 is effective for the Company January 1, 2019 and supersedes accounting for leases prescribed in Topic 840, Leases. ASU 2016-02 leaves lessor accounting substantially unchanged. The key change affecting the Company is the requirement that operating leases be recorded on the balance sheet. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; ASU No. 2018-11, Targeted Improvements; ASU No. 2018-20, Narrow-Scope Improvements for Lessors; and ASU No. 2019-01, Codification Improvements to Topic 842. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company was initially required to use a modified retrospective method and apply this standard at the beginning of the earliest comparative period presented in the financial statements. Subsequently, the FASB permitted the application of this standard at the beginning of the adoption period as an alternative. Effective January 1, 2019, the Company adopted the new standard using the effective date as its date of initial application. As a result, financial information is not updated and the disclosures required under the new standard are not provided for dates and periods prior to January 1, 2019. The Company elected a package of practical expedients, which permits the Company to not reassess under the new standard its prior conclusions about lease identification, lease classification, and initial direct costs. Upon adoption, the Company, as a lessee, recognized ROU assets of approximately $771 and lease liabilities of approximately $812 for all operating leases except for those that have a lease term of 12 months or less.
Principles of Consolidation	Principles of Consolidation. The accompanying consolidated financial statements include the accounts of HCI Group, Inc. and its majority-owned and controlled subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Company evaluates its relationships or investments for consolidation pursuant to authoritative accounting guidance related to the consolidation of variable interest entities under the Variable Interest Model prescribed by the FASB. A variable interest entity is consolidated when the Company has the power to direct activities that most significantly impact the economic performance of the variable interest entity and has the obligation to absorb losses or the right to receive benefits from the variable interest entity that could potentially be significant to the variable interest entity. When a variable interest entity is not consolidated, the Company uses the equity method to account for the investment. Under this method, the carrying value is generally the Company’s share of the net asset value of the unconsolidated entity, and changes in the Company’s share of the net asset value are recorded in net investment income.
Use of Estimates	Use of Estimates. The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from these estimates. Material estimates that are particularly susceptible to significant change in the near term are primarily related to losses and loss adjustment expenses, reinsurance with retrospective provisions, reinsurance recoverable, deferred income taxes, and stock-based compensation expense.
Cash and Cash Equivalents	Cash and Cash Equivalents. The Company considers all short-term highly liquid investments with original maturities of less than three months to be cash and cash equivalents. At December 31, 2019 and 2018, cash and cash equivalents consisted of cash on deposit with financial institutions and securities brokerage firms, commercial paper, and certificates of deposit.
Available-for-Sale Fixed-Maturity Securities	Available-for-Sale Fixed-Maturity Securities . Fixed-maturity securities include debt securities and redeemable preferred stock. The Company’s available-for-sale securities are carried at fair value. Temporary changes in the fair value of available-for-sale securities are excluded from net investment income and reported in stockholders’ equity as a component of accumulated other comprehensive income, net of deferred income taxes. Realized investment gains and losses from sales are recorded on the trade date and are determined using the first-in first-out (FIFO) method. Investment income is recognized as earned and discounts or premiums arising from the purchase of debt securities are recognized in investment income using the interest method over the estimated remaining term of the security. Gains and losses from call redemptions and repayments are charged to investment income. The Company reviews fixed-maturity securities for other-than-temporary impairment on a monthly basis. When the fair value of any investment is lower than its cost, an assessment is made to determine whether the decline is temporary or other-than-temporary. If the decline is determined to be other-than-temporary, the investment is written down to fair value and an impairment loss is recognized in income in the period in which the Company makes such determination. When reviewing impaired securities, the Company considers its ability and intent to hold these securities and whether it is probable that the Company will be required to sell these securities prior to their anticipated recovery or maturity. For the fixed-maturity securities that the Company intends to sell or it is probable that the Company will have to sell before recovery or maturity, the unrealized losses are recognized as other-than-temporary losses in income. In instances where there are credit related losses associated with the impaired fixed-maturity securities for which the Company asserts that it does not have the intent to sell, and it is probable that the Company will not be required to sell until a market price recovery or maturity, the amount of the other-than-temporary impairment loss related to credit losses is recognized in income, and the amount of the other-than-temporary impairment loss related to other non-credit factors such as changes in interest rates or market conditions is recorded as a component of accumulated other comprehensive income. When determining impairment due to a credit related loss, the Company carefully considers factors such as the issuer’s financial ratios and condition, the security’s current ratings and maturity date, and overall market conditions in estimating the cash flows expected to be collected. The expected cash flows discounted at the effective interest rate of the security implicit at the date of acquisition is then compared with the security’s amortized cost at the measurement date. A credit loss is incurred when the present value of the expected cash flows is less than the security’s amortized cost. The Company considers various factors in determining whether an individual security is other-than-temporarily impaired (see Available-for-Sale Fixed-Maturity Securities
Equity Securities	Equity Securities. Equity securities represent ownership interests held by the Company in entities for investment purposes. Unrealized holding gains and losses related to equity securities are reported in the consolidated statement of income as net unrealized investment gains and losses. Realized investment gains and losses from sales are recorded on the trade date and are determined using the first-in first-out method (see Equity Securities in Note 5 -- “Investments”). Prior to January 1, 2018, these equity securities were classified as either available-for-sale or trading and were carried at fair value on the Company’s consolidated balance sheet. Unrealized holding gains and losses from the changes in the fair values of available-for-sale equity securities were reported in accumulated other comprehensive income.
Short Term Investment	Short-Term Investments. Short-term investments include certificates of deposit issued by financial institutions and commercial paper with original maturities of more than three months but less than one year at date of acquisition. These short-term investments are carried at cost or amortized cost, which approximates fair value.
Limited Partnerships Investments	Limited Partnership Investments. The Company has interests in limited partnerships that are not registered under the United Stated Securities Act of 1933, as amended, the securities laws of any state or the securities laws of any other jurisdictions. The partnership interests cannot be resold in the public market and any withdrawal is subject to the terms and conditions of the partnership agreement. The Company has no influence over partnership operating and financial policies. The Company did not elect the fair value option and, therefore, uses the equity method to account for these investments (see Limited Partnership Investments in Note 5 -- “Investments”). The Company generally recognizes its share of the limited partnership’s earnings or losses on a three-month lag. Pursuant to U.S. GAAP, these limited partnerships which are private equity funds must measure their investments at fair value and reflect the unrealized gains and losses in the fair value of their investments on their statement of income. As a result, the carrying value of limited partnership investments at each reporting date approximates their estimated fair value.
Investment in Unconsolidated Joint Venture	Investment in Unconsolidated Joint Venture. The Company has a 90% equity interest in a limited liability company (treated as a joint venture under U.S. GAAP) that owns land for lease or for sale. The joint venture was determined to be a variable interest entity as it lacks sufficient equity to finance its activities without additional subordinated financial support. Despite having a majority equity interest, the Company does not have the power to direct the activities that most significantly impact the economic performance of the joint venture and, accordingly, is not required to consolidate the joint venture as its primary beneficiary. As a result, the Company uses the equity method to account for this investment. When evidence indicates an impairment may occur, the Company evaluates whether a decline in value is other than temporary. Evidence may include continuing operating losses of the joint venture, a declining occupancy rate, a decrease in real estate value, and an oversupply of rental property in close vicinity to the investment property. Should available evidence indicate the recovery of the initial investment is less likely, the Company would compare the carrying value of the investment with its expected residual value and recognize an impairment loss in earnings.
Assets Held For Sale	Assets Held for Sale. Assets held for sale are valued at the lower of the carrying value or fair value less costs to sell. Assets are classified as held for sale when the following criteria are met: (i) management has the authority and commits to a plan to sell the asset; (ii) the asset is available for immediate sale in its present condition; (iii) there is an active program to locate a buyer and the plan to sell the asset has been initiated; (iv) the sale of the asset is probable within one year; (v) the property is being actively marketed at a reasonable sale price relative to its current fair value; and (vi) it is unlikely that the plan to sell will be withdrawn or that significant changes to the plan will be made. In determining the fair value of the assets less costs to sell, the Company primarily relies on the value determined by an independent appraiser. If the estimated fair value less costs to sell is less than the carrying value of the asset, the asset is written down to its estimated fair value less costs to sell and an impairment loss is recognized in the consolidated statement of income. Depreciation is not recorded while assets are classified as held for sale.
Real Estate Investments	Real Estate Investments . Real estate investments include real estate and the related assets purchased for investment purposes (see Note 5 -- “Investments”). Real estate and the related depreciable assets are carried at cost, net of accumulated depreciation, which is included in net investment income and allocated over the estimated useful life of the asset using the straight-line method of depreciation. Land is not depreciated. Real estate is evaluated for impairment when events or circumstances indicate the carrying value of the real estate may not be recoverable.
Deferred Policy Acquisition Costs	Deferred policy acquisition costs. Deferred policy acquisition costs (“DAC”) represent direct costs to acquire insurance contracts and consist of premium taxes and commissions paid to outside agents at the time of collection of the policy premium. DAC is amortized over the life of the related policy in relation to the amount of gross premiums earned. The method followed in computing DAC limits the amount of such deferred costs to their estimated realizable value, which gives effect to the gross premium earned, related investment income, unpaid losses and loss adjustment expenses and certain other costs expected to be incurred as the premium is earned. DAC is reviewed to determine if it is recoverable from future premium income, including investment income. If such costs are determined to be unrecoverable, they are expensed at the time of determination. The amount of DAC considered recoverable could be reduced in the near term if the estimates of total revenues discussed above are reduced or permanently impaired as a result of the disposition of a line of business. The amount of amortization of DAC could be revised in the near term if any of the estimates discussed above are revised.
Property and Equipment	Property and Equipment. Property and equipment is stated at cost less accumulated depreciation and amortization, which is included in other operating expenses. Depreciation is calculated on a straight-line basis over the estimated useful lives as follows: building, 39 years; computer hardware and software, 3 years; and office and furniture equipment, 3 to 7 years. Leasehold improvements are amortized over the shorter of the lease term or the asset’s useful life. Land is not depreciated. Expenditures for improvements are capitalized to the property accounts. Replacements and maintenance and repairs that do not improve or extend the life of the respective assets are expensed as incurred. The Company capitalizes both internal and external costs for internally developed software during the application development stage. During the preliminary project and post-implementation stage, internal-use software development costs are expensed as incurred. Capitalized software costs are depreciated on a straight-line basis over the estimated useful life of 7 years.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets. Long-lived assets, such as property and equipment, are reviewed for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company assesses the recoverability of long-lived assets by determining whether the assets can be recovered from undiscounted future cash flows. Recoverability of long-lived assets is dependent upon, among other things, the Company’s ability to maintain profitability, so as to be able to meet its obligations when they become due. In the opinion of management, based upon current information and projections, long-lived assets will be recovered over the period of benefit.
Intangible Assets	Intangible Assets. Intangibles consist of the value attributable to the acquired in-place leases and the primary, or anchor, tenant relationships. The value attributable to the anchor tenant relationship represents the economic benefits of having a nationally recognized retailer as the lead tenant, which draws consumer traffic and other tenants to the retail center. These intangibles are amortized to expense over the related lease term. Amortization of the intangibles related to real estate investments is reflected in net investment income in the consolidated statement of income. The Company reviews these intangible assets for impairment annually or when events or changes in circumstances indicate the carrying value may not be recoverable. In the event the Company determines the carrying value is not recoverable, an impairment loss is recorded in the Company’s consolidated statement of income.
Leases	Leases. The Company leases office equipment, storage units, and office space from non-affiliates under terms ranging from one month up to ten years. In assessing whether a contract is or contains a lease, the Company first determines whether there is an identified asset in the contract. The Company then determines whether the contract conveys the right to obtain substantially all of the economic benefits from use of the identified asset or the right to direct the use of the identified asset. The Company elects not to record any lease with a term of 12 months or less on the consolidated balance sheet. For such short-term leases, the Company recognizes the lease payments in expense on a straight-line basis over the lease term. If the contract is or contains a lease and the Company has the right to control the use of the identified asset, the ROU asset and the lease liability is measured from the lease component of the contract and recognized on the consolidated balance sheet. In measuring the lease liability, the Company uses its incremental borrowing rate for a loan secured by a similar asset that has a term similar to the lease term to discount the lease payments. The contract is further evaluated to determine the classification of the lease as to whether it is finance or operating. If the lease is a finance lease, the ROU asset is depreciated to depreciation expense over the shorter of the useful life of the asset or the lease term. Interest expense is recorded in connection with the lease liability using the effective interest method. If the lease is an operating lease, the ROU asset is amortized to lease expense on a straight-line basis over the lease term. For the presentation of finance leases on the Company’s consolidated balance sheet, ROU assets and corresponding lease liabilities are included with property and equipment, net, and long-term debt, respectively. For the presentation of operating leases on the Company’s consolidated balance sheet, ROU assets and corresponding lease liabilities are included with other assets and other liabilities, respectively. The Company as a lessor leases its commercial and retail properties, boat slips, and docks to non-affiliates at various terms. If the contract gives the Company’s customer the right to control the use of the identified asset, revenue is recognized on a straight-line basis over the lease term. Initial direct costs incurred by the Company are deferred and amortized on a straight-line basis over the lease term. The Company also records an unbilled receivable, which is the amount by which straight-line revenue exceeds the amount billed in accordance with the lease.
Lease Acquisition Costs	Lease Acquisition Costs. Lease acquisition costs represent capitalized costs of finding and acquiring tenants such as leasing commissions, legal, and marketing expenses. The costs are included in other assets in the consolidated balance sheet. The Company amortizes these costs in other operating expenses on a straight-line basis over the term of a lease.
Long-Term Debt	Long-Term Debt. Long-term debt includes debt instruments and finance lease obligations. A debt instrument is generally classified as a liability and carried at amortized cost, net of any discount and issuance costs. At issuance, a debt instrument with embedded features such as conversion and redemption options is evaluated to determine whether bifurcation and derivative accounting is applicable. If such instrument is not subject to derivative accounting, it is further evaluated to determine if the Company is required to separately account for the liability and equity components. To determine the carrying values of the liability and equity components at issuance, the Company measures the fair value of a similar liability, including any embedded features other than the conversion option, and assigns such value to the liability component. The liability component’s fair value is then subtracted from the initial proceeds to determine the carrying value of the debt instrument’s equity component, which is included in additional paid-in capital. Any embedded feature other than the conversion option is evaluated at issuance to determine if it is probable that such embedded feature will be exercised. If the Company concludes that the exercisability of that embedded feature is not probable, the embedded feature is considered to be non-substantive and would not impact the initial measurement and expected life of the debt instrument’s liability component. Transaction costs related to issuing a debt instrument that embodies both liability and equity components are allocated to the liability and equity components in proportion to the allocation of the proceeds and accounted for as debt issuance costs and equity issuance costs, respectively. Debt issuance costs are capitalized and presented as a deduction from the carrying value of the debt. Both debt discount and deferred debt issuance costs are amortized to interest expense over the expected life of the debt instrument using the effective interest method. Equity issuance costs are a reduction to the proceeds allocated to the equity component.
Prepaid Stock Repurchase Forward Contract	Prepaid Share Repurchase Forward Contract. A prepaid share repurchase forward contract is generally a contract that allows the Company to buy from the counterparty a specified number of common shares at a specific time at a given forward price. The Company entered into such a contract and evaluated the characteristics of the forward contract to determine whether it met the definition of a derivative financial instrument pursuant to U.S. GAAP. The Company determined the forward contract is an equity contract on the Company’s common shares requiring physical settlement in common shares of the Company. As such, the transaction is recognized as a component of stockholders’ equity with a charge to additional paid-in capital equal to the prepayment amount, which represents the cash paid to the counterparty. There will be no recognition in earnings for changes in fair value in subsequent periods.
Losses and Loss Adjustment Expenses	Losses and Loss Adjustment Expenses. Reserves for losses and loss adjustment expenses (“LAE”) are determined by establishing liabilities in amounts estimated to cover incurred losses and LAE. Such reserves are determined based on the assessment of claims reported and the development of pending claims. These reserves are based on individual case estimates for the reported losses and LAE and estimates of such amounts that are incurred but not reported. Changes in the estimated liability are charged or credited to income as the losses and LAE are settled. The estimates of unpaid losses and LAE are subject to trends in claim severity and frequency and are continually reviewed. As part of the process, the Company reviews historical data and considers various factors, including known and anticipated regulatory and legal developments, changes in social attitudes, inflation and economic conditions. As experience develops and other data becomes available, these estimates are revised, as required, resulting in increases or decreases to the existing unpaid losses and LAE. Adjustments are reflected in the results of operations in the period in which they are made and the liabilities may deviate substantially from prior estimates. Losses and LAE ceded to or recovered from reinsurers are recorded as a reduction to losses and LAE on the consolidated statement of income.
Advance Premiums	Advance Premiums . Premium payments received prior to the policy effective date are recorded as advance premiums. Once the policy is in force, the premiums are recorded as described under “ Premium Revenue ” below.
Reinsurance	Reinsurance . In the normal course of business, the Company seeks to reduce the loss that may arise from catastrophes or other events by reinsuring certain levels of risk in various areas of exposure with other insurance enterprises or reinsurers. The Company contracts with a number of reinsurers to secure its annual reinsurance coverage, which generally becomes effective June 1st each year. The Company purchases reinsurance each year taking into consideration probable maximum losses and reinsurance market conditions. Amounts recoverable from reinsurers are estimated in a manner consistent with the applicable reinsurance contract or contracts. Reinsurance premiums and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums ceded to other companies have been reported as a reduction of gross premiums earned. Prepaid reinsurance premiums represent the unexpired portion of premiums ceded to reinsurers. One of the Company’s current reinsurance contracts contains retrospective provisions including terms and conditions that adjust premiums based on the loss experience under the contracts. In such cases, a with-and-without method is used to estimate the asset or liability amount to be recognized at each reporting date. The amount of the estimate is the difference between the net contract costs before and after the loss experience under the contract. Estimates related to premium adjustments are recognized in ceded premiums earned. These estimates are reviewed monthly based on the loss experience to date and as adjustments become necessary. Such adjustments are reflected in the Company’s current operations and recorded in other assets until received upon the expiration of the contracts. The Company receives ceding commissions from ceding gross written premiums to a third-party reinsurer under one flood quota share reinsurance contract. The ceding commissions represent the reimbursement of the Company’s policy acquisition, underwriting and other operating expenses. Ceding commissions received cover a portion of premium taxes and agent commissions capitalized by the Company and a portion of non-capitalized acquisition costs and other underwriting expenses. Ceding commissions are recognized to income on a pro-rata basis over the terms of the policies reinsured, the amount of which is included in policy acquisition and other underwriting expenses in the consolidated statement of income. The unearned portion of ceding commissions that represents recovery of capitalized acquisition costs is classified as a reduction of deferred policy acquisition costs whereas the remaining unearned balance is classified as deferred revenue in other liabilities.
Premium Revenue	Premium Revenue. Premium revenue is earned on a daily pro-rata basis over the term of the policies and is included in gross premiums earned. Unearned premiums represent the portion of the premiums attributable to the unexpired policy term. The Company reviews its policy detail and establishes an allowance for any amount outstanding for more than 90 days. At December 31, 2019 and 2018, allowances for uncollectible premiums were $528 and $558, respectively.
Policy Fees	Policy Fees. Policy fees represent nonrefundable fees for insurance coverage, which are intended to reimburse a portion of the costs incurred to underwrite the policy. Policy fees are recognized ratably over the policy coverage period.
Florida Insurance Guaranty Association Assessments	Florida Insurance Guaranty Association Assessments. The Company’s Florida insurance subsidiaries may be assessed by the state guaranty association. The assessments are intended to be used for the payment of covered claims of insolvent insurance entities. The assessments are generally based on a percentage of premiums written during or following the year of insolvency. Liabilities are recognized when the assessments are probable to be imposed on the premiums on which they are expected to be based and the amounts can be reasonably estimated. The insurer is permitted by Florida statutes to recover the entire amount of assessments from in-force and future policyholders through policy surcharges. U.S. GAAP provides that the Company should record an asset based on the amount of written or obligated-to-write premiums and limited to the amounts recoverable over the life of the in-force policies.
Foreign Currency	Foreign Currency. The functional currency of the Company’s Indian subsidiary is the U.S. dollar. As such, the monetary assets and liabilities of this subsidiary are remeasured into U.S. dollars at the exchange rate in effect on the balance sheet date. Non-monetary assets and liabilities are remeasured using historical rates. Expenses recorded in the local currency are remeasured at the prevailing exchange rate. Exchange gains and losses resulting from these remeasurements are included in other operating expenses.
Income Taxes	Income Taxes. The Company files consolidated federal and state income tax returns and allocates taxes among its wholly owned subsidiaries in accordance with a written tax-allocation agreement. The Company accounts for income taxes in accordance with U.S. GAAP, resulting in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term “more likely than not” means a likelihood of more than fifty percent; the terms “examined” and “upon examination” also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than fifty percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. As of December 31, 2019, management is not aware of any uncertain tax positions that would have a material effect on the Company’s consolidated financial statements.
Fair Value of Financial Instruments	Fair Value of Financial Instruments. The carrying amounts for the Company’s cash and cash equivalents approximate their fair values at December 31, 2019 and 2018. Fair values for securities or financial instruments are based on the framework for measuring fair value established by U.S. GAAP (see Note 7 -- “Fair Value Measurements”).
Stock-Based Compensation	Stock-Based Compensation. The Company accounts for stock-based compensation under the fair value recognition provisions of U.S. GAAP which requires the measurement and recognition of compensation for all stock-based awards made to employees and directors based on estimated fair values. In accordance with U.S. GAAP, the fair value of stock-based awards is generally recognized as compensation expense over the requisite service period, which is defined as the period during which a recipient is required to provide service in exchange for an award. Forfeitures of the Company’s stock-based awards are accounted for as they occur. The Company uses a straight-line attribution method for all grants that include only a service condition. The Company’s outstanding stock-based awards include stock options and restricted stock awards with service conditions. Compensation expense related to all awards is included in general and administrative personnel expenses. The Company receives a windfall tax benefit for certain stock option exercises and for restricted stock awards if these awards vest at a higher value than the value used to recognize compensation expense. In the event the restricted stock awards vest at a lower value than the value used to recognize compensation expense, the Company experiences a tax shortfall. The Company recognizes tax windfalls and shortfalls in the consolidated statement of income.
Basic and diluted earnings (loss) per common share	Basic and diluted earnings (loss) per common share. Basic earnings (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period. U.S. GAAP requires the inclusion of restricted stock as participating securities since holders of the Company’s restricted stock have the right to share in dividends, if declared, equally with common stockholders. In addition, the intrinsic value of restricted stock declines when the Company experiences operating losses. As a result, holders of the Company’s restricted stock are allocated a proportional share of net income and loss determined by dividing total weighted-average shares of restricted stock by the sum of total weighted-average common shares and shares of restricted stock (the “two-class method”). Diluted earnings (loss) per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted as well as participating equities. During loss periods, common stock equivalents such as stock options and convertible debt are excluded from the calculation of diluted loss per share, as the inclusion would have an anti-dilutive effect. See Note 19 -- “Earnings Per Share” for potentially dilutive securities at December 31, 2019, 2018 and 2017.
Statutory Accounting Practices	Statutory Accounting Practices. The Company’s U.S. insurance subsidiaries comply with statutory accounting practices prescribed by the National Association of Insurance Commissioners. There are no state prescribed or permitted practices that have been adopted by the Company’s U.S. subsidiaries. In addition, the Company’s Bermuda insurance subsidiary prepares and files financial statements in accordance with the prescribed regulatory accounting practices of the Bermuda Monetary Authority.

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2019
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. December 31, 2019 2018 Cash and cash equivalents $ 229,218 $ 239,458 Restricted cash 700 700 Total $ 229,918 $ 240,158

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Summary of Amortized Cost, 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 December 31, 2019 and 2018, the cost or amortized cost, 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 Amortized Gross Unrealized Gross Unrealized Estimated Fair Cost Gain Loss Value As of December 31, 2019 U.S. Treasury and U.S. government agencies $ 26,220 $ 78 $ (3 ) $ 26,295 Corporate bonds 157,155 2,212 (3 ) 159,364 State, municipalities, and political subdivisions 7,763 149 — 7,912 Exchange-traded debt 8,698 462 (15 ) 9,145 Redeemable preferred stock 118 5 — 123 Total $ 199,954 $ 2,906 $ (21 ) $ 202,839 As of December 31, 2018 U.S. Treasury and U.S. government agencies $ 61,979 $ 24 $ (206 ) $ 61,797 Corporate bonds 103,580 134 (1,809 ) 101,905 State, municipalities, and political subdivisions 10,567 98 (3 ) 10,662 Exchange-traded debt 8,426 82 (261 ) 8,247 Redeemable preferred stock 118 — (6 ) 112 Total $ 184,670 $ 338 $ (2,285 ) $ 182,723
Scheduled Contractual Maturities of Fixed-Maturity Securities	The scheduled contractual maturities of fixed-maturity securities at December 31, 2019 and 2018 are as follows: December 31, 2019 2018 Cost or Estimated Cost or Estimated Amortized Fair Amortized Fair Cost Value Cost Value Available-for-sale Due in one year or less $ 63,135 $ 63,429 $ 50,659 $ 50,574 Due after one year through five years 125,833 127,660 117,826 116,498 Due after five years through ten years 6,896 7,350 11,602 11,253 Due after ten years 4,090 4,400 4,583 4,398 $ 199,954 $ 202,839 $ 184,670 $ 182,723
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 years ended December 31, 2019, 2018 and 2017 were as follows: Gross Gross Realized Realized Proceeds Gains Losses Year ended December 31, 2019 $ 7,947 $ 221 $ (3 ) Year ended December 31, 2018 $ 81,809 $ 1,293 $ (570 ) Year ended December 31, 2017 $ 31,759 $ 2,176 $ (181 )
Rollforward of Cumulative Credit Losses in Other-Than-Temporary Impairments Recognized in Income for Available for Sale Fixed-Maturity Securities	The following table presents a rollforward of the cumulative credit losses in other-than-temporary impairments recognized in income for available-for-sale fixed-maturity securities: 2019 2018 2017 Balance at January 1 $ — $ — $ 475 Credit impairments on impaired securities 289 — — Credit impaired security fully disposed of for which there was no prior intent or requirement to sell — — (475 ) Balance at December 31 $ 289 $ — $ —
Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category	Securities with gross unrealized loss positions at December 31, 2019 and 2018, 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 As of December 31, 2019 Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value U.S. Treasury and U.S. government agencies $ (3 ) $ 2,292 $ — $ — $ (3 ) $ 2,292 Corporate bonds (3 ) 4,597 — — (3 ) 4,597 Exchange-traded debt (15 ) 345 — — (15 ) 345 Total available-for-sale securities $ (21 ) $ 7,234 $ — $ — $ (21 ) $ 7,234 At December 31, 2019, there were eight securities in an unrealized loss position. Of these securities, none Less Than Twelve Months Twelve Months or Longer Total As of December 31, 2018 Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value U.S. Treasury and U.S. government agencies $ (59 ) $ 21,031 $ (147 ) $ 35,393 $ (206 ) $ 56,424 Corporate bonds (542 ) 19,932 (1,267 ) 36,682 (1,809 ) 56,614 State, municipalities, and political subdivisions (3 ) 715 — — (3 ) 715 Exchange-traded debt (261 ) 5,275 — — (261 ) 5,275 Redeemable preferred stock (6 ) 112 — — (6 ) 112 Total available-for-sale securities $ (871 ) $ 47,065 $ (1,414 ) $ 72,075 $ (2,285 ) $ 119,140
Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value Of Equity Securities	The Company holds investments in equity securities measured at fair values which are readily determinable. At December 31, 2019 and 2018, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows: Gross Unrealized Gross Unrealized Estimated Fair Cost Gain Loss Value December 31, 2019 $ 31,863 $ 3,652 $ (230 ) $ 35,285 December 31, 2018 $ 45,671 $ 1,059 $ (5,587 ) $ 41,143
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 statement of income for the periods related to equity securities still held. Years Ended December 31, 2019 2018 Net gains (losses) recognized $ 7,424 $ (4,811 ) Exclude: Net realized (losses) gains recognized for securities sold (526 ) 5,391 Net unrealized gains (losses) recognized* $ 7,950 $ (10,202 ) * Unrealized holding gains and losses for the comparative year in 2017 were reported in accumulated other comprehensive income.
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 years ended December 31, 2019, 2018 and 2017 were as follows: Gross Realized Gross Realized Proceeds Gains Losses Year ended December 31, 2019 $ 37,669 $ 2,448 $ (2,974 ) Year ended December 31, 2018 $ 66,439 $ 7,324 $ (1,933 ) Year ended December 31, 2017 $ 45,282 $ 3,993 $ (1,642 )
Schedule of Company's Investments in Limited Partnerships	The following table provides information related to the Company’s investments in limited partnerships: December 31, 2019 December 31, 2018 Carrying Unfunded Carrying Unfunded Investment Strategy Value Balance (%) (a) Value Balance (%) (a) Primarily in senior secured loans and, to a limited extent, in other debt and equity securities of private U.S. lower-middle- market companies. (b)(c)(e) $ 9,659 $ 2,085 15.37 $ 10,169 $ 2,577 15.37 Value creation through active distressed debt investing primarily in bank loans, public and private corporate bonds, asset- backed securities, and equity securities received in connection with debt restructuring. (b)(d)(e) 5,985 — 1.76 9,219 — 1.76 High returns and long-term capital appreciation through investments in the power, utility and energy industries, and in the infrastructure sector. (b)(f)(g) 9,188 1,391 0.18 9,023 2,329 0.18 Value-oriented investments in less liquid and mispriced senior and junior debts of private equity-backed companies. (b)(h)(i) 1,602 3,106 0.47 1,156 3,706 0.47 Value-oriented investments in mature real estate private equity funds and portfolios globally. (b)(j) 1,912 8,548 2.24 2,726 7,692 3.28 Total $ 28,346 $ 15,130 $ 32,293 $ 16,304 (a) Represents the Company’s percentage investment in the fund at each balance sheet date. (b) Except under certain circumstances, withdrawals from the funds or any assignments are not permitted. Distributions, except income from late admission of a new limited partner, will be received when underlying investments of the funds are liquidated. (c) Expected to have a ten-year term. Although the capital commitment has expired, follow-on investments and pending commitments may require additional fundings. (d) Expected to have a three-year term from June 30, 2018. Although the capital commitment period has ended, the general partner could still request an additional funding of approximately $843 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 and the capital commitment is expected to expire on June 30, 2020. (g) With the consent of a supermajority of partners, the term of the fund may be extended for up to three additional one-year periods. (h) Expected to have a six-year term from the commencement date, which can be extended for up to two additional one-year periods with the consent of either the advisory committee or a majority of limited partners. ( i ) The capital commitment was extended and is now expected to expire on December 1, 2020. (j) Expected to have an eight-year term from November 27, 2019.
Summary of Unaudited Financial Information and Unaudited Financial Position	The following tables provide FMJV’s summarized unaudited financial results and the unaudited financial positions: Years Ended December 31, 2019 2018 2017 Operating results: Total revenues $ 2 $ 438 $ 331 Total expenses 93 100 483 Net income (loss) $ (91 ) $ 338 $ (152 ) The Company’s share of net income (loss) * $ (83 ) $ 304 $ (234 ) * Included in net investment income in the Company’s consolidated statements of income. December 31, 2019 2018 Balance Sheet: Property and equipment, net 741 787 Cash 102 149 Other 4 5 Total assets $ 847 $ 941 Other liabilities $ — $ 3 Members’ capital 847 938 Total liabilities and members’ capital $ 847 $ 941 Investment in unconsolidated joint venture, at equity** $ 762 $ 845 * * Includes the 90% share of FMKT Mel JV’s operating results.
Summary of Real Estate Investment	Real estate investments consist of the following as of December 31, 2019 and 2018: December 31, 2019 2018 Land $ 39,511 $ 23,884 Land improvements 11,907 8,717 Building 24,086 19,201 Tenant and leasehold improvements 1,487 1,261 Other 3,489 5,266 Total, at cost 80,480 58,329 Less: accumulated depreciation and amortization (6,717 ) (3,839 ) Real estate investments $ 73,763 $ 54,490
Investment (Loss) Income Summarized	Net investment income (loss), by source, is summarized as follows: Years Ended December 31, 2019 2018 2017 Available-for-sale fixed-maturity securities $ 6,506 $ 5,097 $ 5,689 Equity securities 1,333 2,131 3,318 Investment expense (465 ) (581 ) (726 ) Limited partnership investments 1,176 4,430 2,334 Real estate investments (211 ) 340 (1,018 ) (Loss) income from unconsolidated joint venture (83 ) 304 (234 ) Cash and cash equivalents 4,970 3,485 2,069 Short-term investments 416 1,375 — Other — — 7 Net investment income $ 13,642 $ 16,581 $ 11,439
Limited Partnership [Member]
Summary of Unaudited Financial Information and Unaudited Financial Position	The following is the aggregated summarized 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. In applying the equity method of accounting, the Company uses the most recently available financial information provided by the general partner of each of these partnerships. The financial statements of these limited partnerships are audited annually. Years Ended December 31, 2019 2018 2017 Operating results: Total income $ 27,171 $ 1,821,935 $ 409,169 Total expenses 139,252 146,079 105,281 Net (loss) income $ (112,081 ) $ 1,675,856 $ 303,888 December 31, 2019 2018 Balance Sheet: Total assets $ 6,850,913 $ 6,689,792 Total liabilities $ 549,562 $ 394,029

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2019
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: Year Ended December 31, 2019 Before Tax Income Tax Expense (Benefit) Net of Tax Unrealized gain arising during the period $ 4,902 $ 1,219 $ 3,683 Other-than-temporary impairment loss 289 71 218 Call and repayment gains charged to investment income (141 ) (35 ) (106 ) Reclassification adjustment for realized gains (218 ) (54 ) (164 ) Total other comprehensive gain $ 4,832 $ 1,201 $ 3,631 Year Ended December 31, 2018 Income Tax Before Tax Expense (Benefit) Net of Tax Unrealized loss arising during the period $ (3,137 ) $ (795 ) $ (2,342 ) Other-than-temporary impairment loss 80 20 60 Call and repayment gains charged to investment income (18 ) (5 ) (13 ) Reclassification adjustment for realized gains (723 ) (183 ) (540 ) Total other comprehensive loss $ (3,798 ) $ (963 ) $ (2,835 ) Year Ended December 31, 2017 Income Tax Before Tax Expense (Benefit) Net of Tax Unrealized gain arising during the period $ 5,996 $ 2,313 $ 3,683 Other-than-temporary impairment loss 1,467 566 901 Call and repayment losses charged to investment income 14 5 9 Reclassification adjustment for realized gains (4,346 ) (1,676 ) (2,670 ) Total other comprehensive income $ 3,131 $ 1,208 $ 1,923

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2019
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 3.875% Convertible Senior Notes 2019 Quoted price 4.25% Convertible Senior Notes 2037 Quoted price 3.95% Promissory Note 2020 Discounted cash flow method/Level 3 inputs 4% Promissory Note 2031 Discounted cash flow method/Level 3 inputs 3.75% Callable Promissory Note 2036 Discounted cash flow method/Level 3 inputs 4.55% Promissory Note 2036 Discounted cash flow method/Level 3 inputs
Assets Measured at Estimated Fair Value on a Recurring Basis	The following tables present information about the Company’s financial assets measured at estimated fair value on a recurring basis. The table indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of December 31, 2019 and 2018: Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2019 Financial Assets: Cash and cash equivalents $ 229,218 $ — $ — $ 229,218 Restricted cash $ 700 $ — $ — $ 700 Short-term investments $ 491 $ — $ — $ 491 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 25,294 $ 1,001 $ — $ 26,295 Corporate bonds 159,364 — — 159,364 State, municipalities, and political subdivisions — 7,912 — 7,912 Exchange-traded debt 9,145 — — 9,145 Redeemable preferred stock 123 — — 123 Total available-for-sale securities $ 193,926 $ 8,913 $ — $ 202,839 Equity securities $ 35,285 $ — $ — $ 35,285 Fair Value Measurements Using (Level 1) (Level 2) (Level 3) Total As of December 31, 2018 Financial Assets: Cash and cash equivalents $ 239,458 $ — $ — $ 239,458 Restricted cash $ 700 $ — $ — $ 700 Short-term investments $ 66,479 $ — $ — $ 66,479 Fixed-maturity securities: U.S. Treasury and U.S. government agencies $ 60,297 $ 1,500 $ — $ 61,797 Corporate bonds 101,905 — — 101,905 State, municipalities, and political subdivisions — 10,662 — 10,662 Exchange-traded debt 8,247 — — 8,247 Redeemable preferred stock 112 — — 112 Total available-for-sale securities $ 170,561 $ 12,162 $ — $ 182,723 Equity securities $ 41,143 $ — $ — $ 41,143
Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Balance Sheet	The following tables present fair value information for assets and liabilities that are carried on the balance sheet at amounts other than fair value as of December 31, 2019 and 2018: Carrying Value Fair Value Measurements Using Estimated Fair Value (Level 1) (Level 2) (Level 3) As of December 31, 2019 Financial Assets: Limited partnership investments $ 28,346 $ — $ — $ 28,346 $ 28,346 Financial Liabilities: Revolving credit facility $ 9,750 $ — $ 9,750 $ — $ 9,750 Long-term debt: 4.25% Convertible senior notes $ 134,075 $ — $ 147,375 $ — $ 147,375 3.95% Promissory note 8,875 — — 8,887 8,887 4% Promissory note 7,237 — — 7,409 7,409 3.75% Promissory note 7,837 — — 7,861 7,861 4.55% Promissory note 5,611 — — 5,802 5,802 Total long-term debt $ 163,635 $ — $ 147,375 $ 29,959 $ 177,334 Carrying Value Fair Value Measurements Using Estimated Fair Value (Level 1) (Level 2) (Level 3) As of December 31, 2018 Financial Assets: Limited partnership investments $ 32,293 $ — $ — $ 32,293 $ 32,293 Financial Liabilities: Long-term debt: 3.875% Convertible senior notes $ 89,181 $ — $ 89,824 $ — $ 89,824 4.25% Convertible senior notes 130,120 — 145,617 — 145,617 3.95% Promissory note 9,077 — — 9,128 9,128 4% Promissory note 7,732 — — 7,788 7,788 3.75% Promissory note 8,159 — — 8,001 8,001 4.55% Promissory note 5,826 — — 6,025 6,025 Total long-term debt $ 250,095 $ — $ 235,441 $ 30,942 $ 266,383

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Summary of Activity with Respect to Deferred Policy Acquisition Costs	The following table summarizes the activity with respect to deferred policy acquisition costs: December 31, 2019 2018 Beginning balance $ 16,507 $ 16,712 Policy acquisition costs deferred 42,302 34,999 Amortization (37,146 ) (35,204 ) Ending balance $ 21,663 $ 16,507

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Summary of Property and Equipment, Net	Property and equipment, net consists of the following: December 31, 2019 2018 Land $ 1,642 $ 1,642 Building 8,101 7,959 Computer hardware and software 6,770 6,480 Office furniture and equipment 2,154 2,061 Tenant and leasehold improvements 3,388 3,345 Other 3,377 1,035 Total, at cost 25,432 22,522 Less: accumulated depreciation and amortization (10,734 ) (9,184 ) Property and equipment, net $ 14,698 $ 13,338

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Details of Intangible Assets	The Company’s intangible assets, net consist of the following: December 31, 2019 2018 Anchor tenant relationships $ 1,761 $ 1,761 In-place leases 4,215 4,215 Total, at cost 5,976 5,976 Less: accumulated amortization (1,784 ) (1,176 ) Intangible assets, net $ 4,192 $ 4,800
Schedule of Amortization Expense for Intangible Assets	Amortization expense for intangible assets after December 31, 2019 is as follows: Year Amount 2020 $ 624 2021 519 2022 445 2023 337 2024 333 Thereafter 1,934 Total $ 4,192

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Summary of Other Assets	The following table summarizes the Company’s other assets: December 31, 2019 2018 Benefits receivable related to retrospective reinsurance contracts $ 9,480 $ 3,136 Prepaid expenses 2,107 2,069 Deposits 1,678 1,413 Lease acquisition costs, net 566 620 Other 3,249 1,766 Total other assets $ 17,080 $ 9,004

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Summary of Long-term Debt	The following table summarizes the Company’s long-term debt: December 31, 2019 2018 3.875% Convertible Senior Notes, due March 15, 2019 $ — $ 89,990 4.25% Convertible Senior Notes, due March 1, 2037 143,750 143,750 3.95% Promissory note, due through February 17, 2020 8,881 9,125 4% Promissory note, due through February 1, 2031 7,345 7,857 3.75% Promissory note, due through September 1, 2036 7,955 8,290 4.55% Promissory note, due through August 1, 2036 5,704 5,928 Finance lease liabilities, due through August 15, 2023 60 55 Total principal amount 173,695 264,995 Less: unamortized discount and issuance costs (10,000 ) (14,845 ) Total long-term debt $ 163,695 $ 250,150
Summary of Future Maturities of Long-Term Debt	The following table summarizes future maturities of long-term debt as of December 31, 2019, which takes into consideration the assumption that the 4.25% Convertible Senior Notes are repurchased at the earliest call date. Year 2020 $ 10,013 2021 1,178 2022 144,974 2023 1,267 2024 1,310 Thereafter 14,953 Total $ 173,695
Schedule of Interest Expense Related to Long-Term Debt	Information with respect to interest expense related to long-term debt is as follows: Years Ended December 31, 2019 2018 2017 Interest Expense: Contractual interest $ 8,061 $ 10,740 $ 10,424 Non-cash expense (a) 4,845 7,487 6,404 Capitalized interest (b) (303 ) (131 ) (61 ) Total $ 12,603 $ 18,096 $ 16,767 (a) Represents amortization of debt discount and issuance costs. (b) Interest was capitalized for construction projects.
Summary of Equity and Liability Components of the Convertible Senior Notes	The following table summarizes information regarding the equity and liability components of the Convertible Senior Notes: December 31, 2019 2018 Principal amount $ 143,750 $ 233,740 Unamortized discount (7,545 ) (11,316 ) Liability component – net carrying value before issuance costs $ 136,205 $ 222,424 Equity component – conversion, net of offering costs $ 15,151 $ 31,051

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Impact of the Reinsurance Treaties on Premiums Written and Earned	The impact of the reinsurance treaties on premiums written and earned is as follows: Years Ended December 31, 2019 2018 2017 Premiums Written: Direct $ 360,525 $ 336,565 $ 346,188 Assumed 4,430 (109 ) 1,158 Gross written 364,955 336,456 347,346 Ceded (125,765 ) (129,643 ) (133,635 ) Net premiums written $ 239,190 $ 206,813 $ 213,711 Premiums Earned: Direct $ 340,656 $ 340,966 $ 347,235 Assumed 1,423 2,099 11,018 Gross earned 342,079 343,065 358,253 Ceded (125,765 ) (129,643 ) (133,635 ) Net premiums earned $ 216,314 $ 213,422 $ 224,618

Losses and Loss Adjustment Ex_2

Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Liability for Losses and Loss Adjustment Expenses	Activity in the liability for losses and LAE is summarized as follows: Years Ended December 31, 2019 2018 2017 Net balance, beginning of year* $ 94,826 $ 97,818 $ 70,492 Incurred, net of reinsurance, related to: Current year 96,955 96,860 146,922 Prior years 10,559 12,468 18,707 Total incurred, net of reinsurance 107,514 109,328 165,629 Paid, net of reinsurance, related to: Current year (48,456 ) (54,698 ) (87,770 ) Prior years (55,710 ) (57,622 ) (50,533 ) Total paid, net of reinsurance (104,166 ) (112,320 ) (138,303 ) Net balance, end of year 98,174 94,826 97,818 Add: reinsurance recoverable 116,523 112,760 100,760 Gross balance, end of year $ 214,697 $ 207,586 $ 198,578 * Net balance represents beginning-of-period liability for unpaid losses and LAE less beginning-of-period reinsurance recoverable for unpaid losses and LAE.
Schedule of Incurred and Paid Claims Development	The following is information about incurred and paid claims development as of December 31, 2019, net of reinsurance, as well as cumulative claim frequency and the total of incurred-but-not-reported liabilities plus expected development on reported claims included within the net incurred claims amounts. The information about incurred and paid claims development for the years ended December 31, 2015 to 2012 is presented as supplementary information and is unaudited. Homeowners Multi-peril and Dwelling Fire Insurance (a) As of December 31, 2019 Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Total of IBNR Plus Expected Development Reported Cumulative Number of Reported Claims (Not in Dollar Year 2012 2013 2014 2015 2016 2017 2018 2019 Claims Amounts)(b) 2012 $ 66,425 $ 62,742 $ 64,083 $ 66,505 $ 67,058 $ 66,465 $ 67,220 $ 67,469 $ 137 6,620 2013 — 67,579 69,932 69,906 72,015 71,604 73,763 74,043 306 7,008 2014 — — 75,810 81,773 84,917 88,053 90,084 92,454 805 7,659 2015 — — — 78,017 90,902 96,173 101,272 102,149 1,489 7,660 2016 — — — — 81,446 90,879 92,684 92,986 2,795 6,922 2017 — — — — — 91,443 88,937 89,652 8,567 5,748 2018 — — — — — — 79,436 83,976 16,499 4,657 2019 — — — — — — — 95,467 37,702 4,393 Total $ 698,196 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Year 2012 2013 2014 2015 2016 2017 2018 2019 2012 $ 36,914 $ 53,225 $ 59,041 $ 62,836 $ 64,667 $ 65,903 $ 67,059 $ 67,203 2013 — 40,240 57,374 64,257 68,106 70,224 72,492 73,420 2014 — — 47,650 68,897 77,712 82,463 87,125 90,707 2015 — — — 50,939 76,042 87,784 95,179 99,200 2016 — — — — 51,663 73,037 83,311 89,144 2017 — — — — — 43,039 66,996 78,808 2018 — — — — — — 41,014 63,958 2019 — — — — — — — 47,471 Total $ 609,911 All outstanding liabilities before 2012, net of reinsurance 298 Liabilities for LAE, net of reinsurance $ 88,583 (a) Excludes losses from Wind-only insurance (2012 through 2019) and any hurricane event prior to 2019. (b)  The cumulative number of reported claims is measured as the number of per-policyholder, per-event claims for all coverages regardless of whether the claim results in loss or expense to the Company. Homeowners Wind-only Insurance (a) * As of December 31, 2019 Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Total of IBNR Plus Expected Development Reported Cumulative Number of Reported Claims (Not in Dollar Year 2012 2013 2014 2015 2016 2017 2018 2019 Claims Amounts)(b) 2015 $ — $ — $ — $ 308 $ 401 $ 569 $ 692 $ 605 $ 24 100 2016 — — — — 1,005 1,314 1,814 1,853 77 228 2017 — — — — — 1,529 1,119 815 26 155 2018 — — — — — — 798 708 28 130 2019 — — — — — — — 1,132 46 134 Total $ 5,113 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Year 2012 2013 2014 2015 2016 2017 2018 2019 2015 $ — $ — $ — $ 156 $ 332 $ 465 $ 582 $ 582 2016 — — — — 689 1,155 1,405 1,772 2017 — — — — — 484 786 789 2018 — — — — — — 216 607 2019 — — — — — — — 828 Total $ 4,578 All outstanding liabilities before 2012, net of reinsurance — Liabilities for LAE, net of reinsurance $ 535 * The Company began writing Homeowners Wind-only insurance in 2015. (a)  Excludes losses from multi-peril and dwelling fire insurance (2012 through 2019) and any hurricane event prior to 2019. (b)  The cumulative number of reported claims is measured as the number of per-policyholder, per-event claims for all coverages regardless of whether the claim results in loss or expense to the Company. Losses Specific to Any Hurricane Event prior to 2019 As of December 31, 2019 Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Total of IBNR Plus Expected Development Reported Cumulative Number of Reported Claims (Not in Dollar Year 2012 2013 2014 2015 2016 2017 2018 2019 Claims Amounts)(b) 2016 $ — $ — $ — $ — $ 21,414 $ 24,126 $ 26,211 $ 28,133 $ 1,824 2,418 2017 — — — — — 53,602 54,080 53,557 5,992 20,867 2018 — — — — — — 16,543 16,532 432 1,699 2019 — — — — — — — — 35 136 Total $ 98,222 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Year 2012 2013 2014 2015 2016 2017 2018 2019 2016 $ — $ — $ — $ — $ 12,227 $ 20,025 $ 23,316 $ 25,849 2017 — — — — — 43,905 47,514 47,524 2018 — — — — — — 13,391 15,992 2019 — — — — — — — — Total $ 89,365 All outstanding liabilities before 2012, net of reinsurance — Liabilities for LAE, net of reinsurance $ 8,857 (b)  The cumulative number of reported claims is measured as the number of per-policyholder, per-event claims for all coverages regardless of whether the claim results in loss or expense to the Company.
Reconciliation of Net Incurred and Paid Loss Development Tables to Liability for Losses and Loss Adjustment Expenses	The reconciliation of the net incurred and paid loss development tables to the liability for losses and loss adjustment expenses is as follows: December 31, 2019 2018 Net outstanding liabilities Homeowners multi-peril and dwelling fire insurance $ 88,583 $ 80,767 Homeowners Wind-only insurance 535 1,434 Losses specific to any hurricane event prior to 2019 8,857 12,612 Other short-duration insurance lines 199 13 Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance 98,174 94,826 Reinsurance recoverables 116,523 112,760 Total gross liability for unpaid losses and loss adjustment expenses $ 214,697 $ 207,586
Supplementary and Unaudited Information about Average Historical Claims Duration	The following is supplementary and unaudited information about average historical claims duration as of December 31, 2019: Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance Years 1 2 3 4 5 6 7 8 Homeowners multi-peril and dwelling fire insurance 51.4 % 21.2 % 7.9 % 0.7 % 1.8 % 1.0 % 0.3 % 0.0 % Homeowners Wind-only insurance 46.4 % 26.1 % 7.5 % 1.9 % 0.0 % * * * Losses specific to any hurricane prior to 2019 70.6 % 14.4 % 3.4 % 2.6 % — — — — * The Company began writing Homeowners Wind-only insurance in 2015.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2019
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. Insurance Operations Real Estate(a) Corporate/ Other(b) Reclassification/ Elimination Consolidated For the Year Ended December 31, 2019 Revenue: Net premiums earned $ 216,314 $ — $ — $ — $ 216,314 Net investment income 12,230 1 2,348 (937 ) 13,642 Net realized investment gains (losses) 286 — (540 ) — (254 ) Net unrealized investment gains 6,565 — 1,385 — 7,950 Net other-than-temporary impairment losses (289 ) — — — (289 ) Policy fee income 3,229 — — — 3,229 Other 762 9,366 5,738 (13,984 ) 1,882 Total revenue 239,097 9,367 8,931 (14,921 ) 242,474 Expenses: Losses and loss adjustment expenses 107,514 — — — 107,514 Amortization of deferred policy acquisition costs 37,146 — — — 37,146 Interest expense 2 1,653 12,043 (643 ) 13,055 Depreciation and amortization 113 2,542 1,285 (2,390 ) 1,550 Other 30,590 5,168 23,246 (11,888 ) 47,116 Total expenses 175,365 9,363 36,574 (14,921 ) 206,381 Income (loss) before income taxes $ 63,732 $ 4 $ (27,643 ) $ — $ 36,093 Total revenue from non-affiliates(c) $ 239,097 $ 7,738 $ 7,176 (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 restaurant and marina businesses. (c) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Insurance Operations Real Estate(a) Corporate/ Other(b) Reclassification/ Elimination Consolidated For the Year Ended December 31, 2018 Revenue: Net premiums earned $ 213,422 $ — $ — $ — $ 213,422 Net investment income 10,862 1 5,554 164 16,581 Net realized investment gains 4,639 — 1,544 — 6,183 Net unrealized investment gains (8,688 ) — (1,514 ) — (10,202 ) Net other-than-temporary impairment losses — — (80 ) — (80 ) Policy fee income 3,389 — — — 3,389 Other 583 9,324 4,999 (12,907 ) 1,999 Total revenue 224,207 9,325 10,503 (12,743 ) 231,292 Expenses: Losses and loss adjustment expenses 109,328 — — — 109,328 Amortization of deferred policy acquisition costs 35,204 — — — 35,204 Interest expense 1 1,568 17,008 (481 ) 18,096 Depreciation and amortization 125 2,373 1,011 (2,140 ) 1,369 Other 25,797 4,254 20,464 (10,122 ) 40,393 Total expenses 170,455 8,195 38,483 (12,743 ) 204,390 Income (loss) before income taxes $ 53,752 $ 1,130 $ (27,980 ) $ — $ 26,902 Total revenue from non-affiliates(c) $ 224,207 $ 7,718 $ 9,331 (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 restaurant and marina businesses. (c) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation. Insurance Operations Real Estate(a) Corporate/ Other(b) Reclassification/ Elimination Consolidated For the Year Ended December 31, 2017 Revenue: Net premiums earned $ 224,618 $ — $ — $ — $ 224,618 Net investment income 9,898 6 2,974 (1,439 ) 11,439 Net realized investment gains 3,978 — 368 — 4,346 Net unrealized investment gains — — 92 — 92 Net other-than-temporary impairment losses (1,258 ) — (209 ) — (1,467 ) Policy fee income 3,622 — — — 3,622 Other 693 7,046 4,417 (10,400 ) 1,756 Total revenue 241,551 7,052 7,642 (11,839 ) 244,406 Expenses: Losses and loss adjustment expenses 165,629 — — — 165,629 Amortization of deferred policy acquisition costs 35,663 — — — 35,663 Interest expense — 1,250 15,704 (187 ) 16,767 Loss on repurchase of senior notes — — 743 — 743 Depreciation and amortization 128 2,121 939 (1,950 ) 1,238 Other 27,547 4,022 18,123 (9,702 ) 39,990 Total expenses 228,967 7,393 35,509 (11,839 ) 260,030 Income (loss) before income taxes $ 12,584 $ (341 ) $ (27,867 ) $ — $ (15,624 ) Total revenue from non-affiliates(c) $ 241,551 $ 5,525 $ 6,958 (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 restaurant and marina businesses. (c) Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
Summary of Segment Assets Reconciled to Consolidated Balance Sheet	December 31, 2019 2018 Segment: Insurance Operations $ 663,280 $ 615,983 Real Estate Operations 93,727 83,828 Corporate and Other 60,662 146,651 Consolidation and Elimination (15,060 ) (13,599 ) Total assets $ 802,609 $ 832,863

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Leases [Abstract]
Disclosure of operating and finance leases of lessee	The following table summarizes the Company’s operating and finance leases in which the Company is a lessee: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office equipment 1 to 63 months Yes (a), (b) Storage units 2 years Yes (b) Office space 3 to 10 years Yes (b), (c) Finance lease: Office equipment 3 to 5 years Not applicable (d) (a) At the end of the lease term, the Company can purchase the equipment at fair market value. (b) There are no variable lease payments. (c) Rent escalation provisions exist. (d) There is a bargain purchase option.
Disclosure of lease liabilities maturities	As of December 31, 2019, maturities of lease liabilities were as follows: Leases Operating Finance Due in Year 2020 $ 327 $ 19 2021 208 19 2022 17 17 2023 — 9 Total lease payments 552 64 Less: interest and foreign taxes 39 4 Total lease obligations $ 513 $ 60
Disclosure of quantitative information of operating and finance leases	The following table provides quantitative information with regard to the Company’s operating and finance leases. Year Ended December 31, 2019 Lease costs: Finance lease costs: Amortization – ROU assets* $ 15 Interest expense 2 Operating lease costs* 314 Short-term lease costs* 198 Total lease costs $ 529 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – finance leases $ 2 Operating cash flows – operating leases $ 318 Financing cash flows – finance leases $ 14 December 31, 2019 Weighted-average remaining lease term: Finance leases (in years) 3.7 Operating leases (in years) 1.7 Weighted-average discount rate: Finance leases 3.7 % Operating leases 4.0 % * Included in other operating expenses of the consolidated statement of income.
Disclosure of operating leases of lessor entity	The following table summarizes the Company’s operating leases in which the Company is a lessor: Renewal Other Terms and Class of Assets Initial Term Option Conditions Operating lease: Office space 1 to 3 years Yes (e) Retail space 3 to 20 years Yes (e) Boat docks/wet slips 1 to 12 months Yes (e) (e) There are no purchase options.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Summary of Income Tax Expense	A summary of income tax expense is as follows: Years Ended December 31, 2019 2018 2017 Current: Federal $ 6,177 $ 7,443 $ (3,933 ) State 1,362 1,490 34 Foreign 107 104 81 Total current taxes 7,646 9,037 (3,818 ) Deferred: Federal 1,586 (245 ) (4,144 ) State 287 392 (757 ) Foreign (2 ) (7 ) (12 ) Total deferred taxes 1,871 140 (4,913 ) Income tax expense (benefit) $ 9,517 $ 9,177 $ (8,731 )
Summary of the Differences Between the Statutory Federal Income Tax Rate and the Effective Tax Rate	The reasons for the differences between the statutory Federal income tax rate and the effective tax rate are summarized as follows: Years Ended December 31, 2019 2018 2017 Amount % Amount % Amount % Income taxes at statutory rate $ 7,579 21.0 $ 5,649 21.0 $ (5,468 ) 35.0 Increase (decrease) in income taxes resulting from: State income taxes, net of federal tax benefits 1,362 3.8 1,303 4.8 (657 ) 4.2 Effects of tax rate changes (37 ) — — — (1,400 ) 9.0 Share-based compensation (159 ) (0.4 ) 2,156 8.0 (705 ) 4.5 Non-deductible executive compensation 685 1.9 306 1.1 244 (1.6 ) Other 87 0.1 (237 ) (0.8 ) (745 ) 4.8 Income tax (benefit) expense $ 9,517 26.4 $ 9,177 34.1 $ (8,731 ) 55.9
Significant Components of Net Deferred Income Tax Asset	Significant components of the Company’s net deferred income tax assets are as follows: December 31, 2019 2018 Deferred tax assets: Unearned premiums $ 6,272 $ 5,455 Losses and loss adjustment expenses 2,838 3,001 Stock-based compensation 878 716 Net unrealized investment losses — 1,641 Other-than-temporary impairment losses 77 6 Organizational costs 63 76 Accrued expenses 86 78 Unearned revenue 120 231 Bad debt reserve 9 20 Other — 26 Total deferred tax assets 10,343 11,250 Deferred tax liabilities: Property and equipment (1,661 ) (1,430 ) Intangible assets (2,214 ) (1,841 ) Deferred policy acquisition costs (5,469 ) (4,347 ) Net unrealized investment gains (1,547 ) — Basis difference related to partnership investments (1,188 ) (1,193 ) Basis difference related to convertible senior notes (1,256 ) (2,429 ) Prepaid expenses (392 ) (394 ) Other (624 ) (684 ) Total deferred tax liabilities (14,351 ) (12,318 ) Net deferred tax liabilities $ (4,008 ) $ (1,068 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Summary of Numerator and Denominator of Basic and Diluted Earnings (loss) Per Common Share	A summary of the numerator and denominator of the basic and fully diluted earnings (loss) per common share is presented below: Income (Numerator) Shares (a) (Denominator) Per Share Amount Year Ended December 31, 2019 Net income $ 26,576 Less: Income attributable to participating securities (1,448 ) Basic Earnings Per Share: Income allocated to common stockholders 25,128 7,580 $ 3.32 Effect of Dilutive Securities: Stock options — 12 Convertible senior notes 8,748 2,646 Diluted Earnings Per Share: Income available to common stockholders and assumed conversions $ 33,876 10,238 $ 3.31 (a) Shares in thousands. Loss (Numerator) Shares (a) (Denominator) Per Share Amount Year Ended December 31, 2018 Net income $ 17,725 Less: Loss attributable to participating securities* 717 Basic Earnings Per Share: Income allocated to common stockholders 18,442 7,878 $ 2.34 Effect of Dilutive Securities:** Stock options — 17 Diluted Earnings Per Share: Income available to common stockholders and assumed conversions $ 18,442 7,895 $ 2.34 (a) Shares in thousands. * Loss attributable to participating securities included the reclassification of cumulative dividends paid on certain restricted stock with market based vesting conditions from retained income to expense. See Restricted Stock Awards in Note 21 -- “Stock-Based Compensation” for additional information. ** Convertible senior notes were excluded due to antidilutive effect. Income (Loss) (Numerator) Shares (a) (Denominator) Per Share Amount Year Ended December 31, 2017 Net loss $ (6,893 ) Less: Loss attributable to participating securities 481 Basic and Diluted Loss Per Share: Loss available to common stockholders*** $ (6,412 ) 8,558 $ (0.75 ) (a) Shares in thousands.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Company's Stock Option Plan Activity	A summary of the stock option activity for the years ended December 31, 2019, 2018 and 2017 is as follows (option amounts not in thousands): Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at January 1, 2017 50,000 $ 4.02 2.3 years $ 1,773 Granted 110,000 $ 40.00 Exercised (30,000 ) $ 2.50 Outstanding at December 31, 2017 130,000 $ 34.82 8.2 years $ 472 Granted 110,000 $ 40.00 Outstanding at December 31, 2018 240,000 $ 37.19 8.8 years $ 3,278 Granted 110,000 $ 53.00 Exercised (10,000 ) $ 6.30 Outstanding at December 31, 2019 340,000 $ 43.21 7.9 years $ 1,657 Exercisable at December 31, 2019 92,500 $ 36.36 6.8 years $ 868
Information about Options Exercised	The following table summarizes information about options exercised for the years ended December 31, 2019, 2018 and 2017 (option amounts not in thousands): 2019 2018 2017 Options exercised 10,000 — 30,000 Total intrinsic value of exercised options $ 347 $ — $ 1,319 Tax benefits realized $ 85 $ — $ 509
Assumptions Used to Estimate the Fair Value of Stock Options Granted	The following table provides assumptions used in the Black-Scholes option-pricing model to estimate the fair value of the stock options granted during the years ended December 31, 2019, 2018 and 2017: 2019 2018 2017 Expected dividend yield 3.34 % 4.00 % 3.53 % Expected volatility 40.17 % 42.22 % 42.86 % Risk-free interest rate 2.53 % 2.57 % 1.92 % Expected life (in years) 5 5 5
Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan	Information with respect to the activity of unvested restricted stock awards during the years ended December 31, 2019, 2018 and 2017 is as follows: Number of Restricted Stock Awards Weighted Average Grant Date Fair Value Nonvested at January 1, 2017 542,503 $ 30.81 Granted 154,936 $ 42.92 Vested (75,983 ) $ 37.95 Forfeited (23,766 ) $ 36.32 Nonvested at December 31, 2017 597,690 $ 32.82 Granted 189,860 $ 41.81 Vested (98,617 ) $ 40.82 Forfeited (56,637 ) $ 36.46 Nonvested at December 31, 2018 632,296 $ 33.33 Granted 180,404 $ 42.79 Vested (116,164 ) $ 40.10 Forfeited (299,776 ) $ 25.31 Nonvested at December 31, 2019 396,760 $ 41.71
Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock	The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the years ended December 31, 2019, 2018 and 2017. 2019 2018 2017 Deferred tax benefits recognized $ 1,075 $ 862 $ 970 Tax benefits realized for restricted stock and paid dividends $ 1,129 $ 1,086 $ 1,396 Fair value of vested restricted stock $ 4,658 $ 4,025 $ 2,884

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Rental Income Due Under Non-Cancellable Operating Leases	Expected annual rental income due under non-cancellable operating leases for all properties owned at December 31, 2019 is as follows: Year Amount 2020 $ 4,164 2021 3,699 2022 3,188 2023 2,709 2024 2,683 Thereafter 11,720 Total $ 28,163

Quarterly Results of Operatio_2

Quarterly Results of Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Summary of Unaudited Quarterly Results of Operations	The tables below summarize unaudited quarterly results of operations for 2019, 2018 and 2017. Three Months Ended 03/31/19 06/30/19 09/30/19 12/31/19 Net premiums earned $ 51,184 $ 51,998 $ 54,434 $ 58,698 Total revenue 60,634 58,630 59,979 63,231 Losses and loss adjustment expenses 26,996 24,293 27,327 28,898 Policy acquisition and other underwriting expenses 9,673 10,077 10,988 11,759 Interest expense 4,337 2,884 2,907 2,927 Total expenses 51,351 48,315 52,260 54,455 Income (loss) before income taxes 9,283 10,315 7,719 8,776 Net income (loss) 6,738 7,553 5,853 6,432 Comprehensive income (loss) 8,732 8,767 6,189 6,519 Earnings per share: Basic $ 0.82 $ 0.93 $ 0.73 $ 0.84 Diluted* $ 0.82 $ 0.90 $ 0.73 $ 0.82 * During the quarters ended March 31, 2019 and September 30, 2019, the convertible senior notes were antidilutive. Three Months Ended 03/31/18 06/30/18 09/30/18 12/31/18 Net premiums earned $ 53,522 $ 52,965 $ 54,177 $ 52,758 Total revenue 57,739 58,813 61,743 52,997 Losses and loss adjustment expenses 19,655 21,803 25,769 42,101 Policy acquisition and other underwriting expenses 9,360 9,959 9,829 9,795 Interest expense 4,470 4,505 4,552 4,569 Total expenses 42,935 47,293 49,820 64,342 Income (loss) before income taxes 14,804 11,520 11,923 (11,345 ) Net income (loss) 10,791 6,403 8,997 (8,466 ) Comprehensive income (loss) 8,340 6,413 8,955 (8,818 ) Earnings (loss) per share: Basic $ 1.25 $ 0.96 $ 1.08 $ (0.95 ) Diluted** $ 1.11 $ 0.92 $ 1.00 $ (0.95 ) * * During the quarter ended December 31, 2018, the convertible senior notes and stock options were antidilutive. Three Months Ended 03/31/17 06/30/17 09/30/17 12/31/17 Net premiums earned $ 63,036 $ 61,847 $ 43,964 $ 55,771 Total revenue 67,713 67,580 47,490 61,623 Losses and loss adjustment expenses 25,529 27,665 89,231 23,204 Policy acquisition and other underwriting expenses 9,649 10,070 9,926 10,018 Interest expense 3,542 4,378 4,408 4,439 Total expenses 48,571 53,275 113,508 44,676 Income (loss) before income taxes 19,142 14,305 (66,018 ) 16,947 Net income (loss) 12,020 9,542 (40,546 ) 12,091 Comprehensive income (loss) 12,949 8,959 (38,792 ) 11,914 Earnings (loss) per share: Basic $ 1.27 $ 1.05 $ (4.44 ) $ 1.37 Diluted*** $ 1.15 $ 0.93 $ (4.44 ) $ 1.14 * ** During the quarter ended September 30, 2017, the convertible senior notes and stock options were antidilutive.

Regulatory Requirements and R_2

Regulatory Requirements and Restrictions (Tables)	12 Months Ended
	Dec. 31, 2019
Text Block [Abstract]
Summary of Required Ratio of Gross and Net Written Premium to Surplus	The required ratio of gross and net written premium to surplus, which the Company’s insurance companies had exceeded, is summarized below: Years Ended December 31, 2019 2018 2017 HCPCI: Gross 1.92 to 1 2.17 to 1 2.01 to 1 Net 1.15 to 1 1.27 to 1 1.11 to 1 TypTap: Gross 2.23 to 1 0.57 to 1 0.33 to 1 Net 1.63 to 1 0.38 to 1 0.27 to 1

Condensed Financial Informati_2

Condensed Financial Information of HCI Group, Inc. (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Balance Sheets	Balance Sheets December 31, 2019 2018 Assets Cash and cash equivalents $ 17,738 $ 42,292 Fixed-maturity securities, available for sale, at fair value 745 38,224 Equity securities, at fair value 6,689 7,299 Short-term investments — 25,275 Limited partnership investments, at equity 21,405 21,711 Note receivable – related party 1,280 1,280 Investment in subsidiaries 290,675 290,469 Property and equipment, net 345 445 Income tax receivable — 3,019 Other assets 4,466 1,136 Total assets $ 343,343 $ 431,150 Liabilities and Stockholders’ Equity Accrued expenses and other liabilities $ 6,526 $ 4,772 Income tax payable 1,443 — Deferred income taxes, net 2,587 3,594 Revolving credit facility 9,750 — Long-term debt 134,080 219,301 Due to related parties 3,414 22,042 Total liabilities 157,800 249,709 Total stockholders’ equity 185,543 181,441 Total liabilities and stockholders’ equity $ 343,343 $ 431,150
Statements of Income	Statements of Income Years Ended December 31, 2019 2018 2017 Net investment income $ 2,295 $ 5,348 $ 2,799 Net realized investment (losses) gains (541 ) 1,544 367 Net unrealized investment gains (losses) 1,385 (1,514 ) 92 Other-than-temporary impairment losses — (80 ) (209 ) Loss on repurchases of senior notes — — (743 ) Interest expense (12,042 ) (17,007 ) (15,704 ) Operating expenses (6,353 ) (5,429 ) (5,489 ) Loss before income tax benefit and equity in income of subsidiaries (15,256 ) (17,138 ) (18,887 ) Income tax benefit 3,092 1,856 9,605 Net loss before equity in income of subsidiaries (12,164 ) (15,282 ) (9,282 ) Equity in income of subsidiaries 38,740 33,007 2,389 Net income (loss) $ 26,576 $ 17,725 $ (6,893 )
Statements of Cash Flows	Statements of Cash Flows Years Ended December 31, 2019 2018 2017 Cash flows from operating activities: Net income (loss) $ 26,576 $ 17,725 $ (6,893 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Stock-based compensation 3,638 2,550 2,630 Net realized investment losses (gains) 541 (1,544 ) (367 ) Net unrealized investment (gains) losses (1,385 ) 1,514 (92 ) Amortization of premiums (discounts) on investments in fixed-maturity securities 66 (3 ) 51 Depreciation and amortization 5,194 7,737 6,673 Net income from limited partnership investments (701 ) (3,007 ) (1,354 ) Distributions from limited partnership interests 1,661 1,495 881 Other-than-temporary impairment losses — 80 209 Loss on repurchases of senior notes — — 743 Loss from disposal of property and equipment — — 17 Equity in income of subsidiaries (38,740 ) (33,007 ) (2,389 ) Deferred income taxes (916 ) 1,075 (4,224 ) Changes in operating assets and liabilities: Income taxes 4,462 4 (1,461 ) Other assets (3,042 ) (144 ) (106 ) Accrued expenses and other liabilities 1,750 273 1,544 Due to related parties (16,754 ) (2,600 ) (54,896 ) Net cash used in operating activities (17,650 ) (7,852 ) (59,034 ) Cash flows from investing activities: Investment in limited partnership interest (1,602 ) (5,125 ) (4,611 ) Investment in note receivable – related party — — (7,280 ) Purchase of fixed-maturity securities (234 ) (5,864 ) (31,034 ) Purchase of equity securities (8,733 ) (16,913 ) (12,483 ) Purchase of short-term and other investments (187 ) (50,510 ) — Purchase of property and equipment (176 ) (154 ) (306 ) Proceeds from sales of fixed-maturity securities 477 2,215 667 Proceeds from calls, repayments and maturities of fixed-maturity securities 35,361 — — Proceeds from sales of equity securities 9,906 20,698 8,886 Proceeds from sales, redemptions and maturities of short-term and other investments 25,733 25,401 — Collection of note receivable – related party — 6,000 — Distributions from limited partnership interests 948 158 11,758 Dividends received from subsidiary 44,000 42,000 105,000 Return of capital from subsidiary 6,000 10,000 — Investment in subsidiaries (5,000 ) — — Net cash provided by investing activities 106,493 27,906 70,597 Years Ended December 31, 2019 2018 2017 Cash flows from financing activities: Repurchases of common stock (1,203 ) (1,151 ) (30,718 ) Repurchases of common stock under share repurchase plan (18,851 ) (20,015 ) (15,154 ) Repurchases of senior notes — — (40,250 ) Debt issuance costs paid (459 ) — (4,975 ) Cash dividends paid to stockholders (13,012 ) (11,318 ) (13,906 ) Cash dividends received under share repurchase forward contract 306 967 1,073 Proceeds from revolving credit facility 9,750 — — Proceeds from exercise of stock options 63 — 75 Proceeds from issuance of long-term debt — — 143,750 Repayment of long-term debt (89,991 ) — — Net cash (used in) provided by financing activities (113,397 ) (31,517 ) 39,895 Net (decrease) increase in cash and cash equivalents (24,554 ) (11,463 ) 51,458 Cash and cash equivalents at beginning of year 42,292 53,755 2,297 Cash and cash equivalents at end of year $ 17,738 $ 42,292 $ 53,755

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019Restaurant
Collaboration Arrangement Disclosure [Abstract]
Number of restaurant owned	1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
ROU assets	$ 484
Lease liabilities for operating leases	$ 513
Period for establishing allowance on insurance premiums receivable	90 days
Allowances for uncollectible premiums	$ 528	$ 558
Capitalized Software Cost [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	7 years
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease term	1 month
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease term	10 years
Building [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of Property and Equipment	39 years
Computer Hardware and Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of Property and Equipment	3 years
Office Furniture and Equipment [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of Property and Equipment	3 years
Office Furniture and Equipment [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of Property and Equipment	7 years
Investment in Joint Venture [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of investment in unconsolidated entities	90.00%
Accounting Standards Update 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
ROU assets	$ 771
Lease liabilities for operating leases	$ 812

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Detail) $ in Thousands	Jan. 01, 2020USD ($)
Subsequent Event [Member] | Allowance for Credit Losses [Member] | Reinsurance Recoverable [Member]
Change In Accounting Estimate [Line Items]
Cumulative-effect adjustment recognized to retained income	$ 453

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash - Summary of Cash, Cash Equivalents, and Restricted Cash (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 229,218	$ 239,458
Restricted cash	700	700
Total	$ 229,918	$ 240,158

Investments - Summary of Amorti

Investments - Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	$ 199,954	$ 184,670
Fixed-maturity securities, Gross Unrealized Gain	2,906	338
Fixed-maturity securities, Gross Unrealized Loss	(21)	(2,285)
Fixed-maturity securities, Estimated Fair Value	202,839	182,723
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	26,220	61,979
Fixed-maturity securities, Gross Unrealized Gain	78	24
Fixed-maturity securities, Gross Unrealized Loss	(3)	(206)
Fixed-maturity securities, Estimated Fair Value	26,295	61,797
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	157,155	103,580
Fixed-maturity securities, Gross Unrealized Gain	2,212	134
Fixed-maturity securities, Gross Unrealized Loss	(3)	(1,809)
Fixed-maturity securities, Estimated Fair Value	159,364	101,905
Fixed-Maturity Securities [Member] | State, Municipalities, and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	7,763	10,567
Fixed-maturity securities, Gross Unrealized Gain	149	98
Fixed-maturity securities, Gross Unrealized Loss		(3)
Fixed-maturity securities, Estimated Fair Value	7,912	10,662
Fixed-Maturity Securities [Member] | Exchange-Traded Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	8,698	8,426
Fixed-maturity securities, Gross Unrealized Gain	462	82
Fixed-maturity securities, Gross Unrealized Loss	(15)	(261)
Fixed-maturity securities, Estimated Fair Value	9,145	8,247
Fixed-Maturity Securities [Member] | Redeemable Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Fixed-maturity securities, Cost or Amortized Cost	118	118
Fixed-maturity securities, Gross Unrealized Gain	5
Fixed-maturity securities, Gross Unrealized Loss		(6)
Fixed-maturity securities, Estimated Fair Value	$ 123	$ 112

Investments - Scheduled Contrac

Investments - Scheduled Contractual Maturities of Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Due in one year or less, Cost or Amortized Cost	$ 63,135	$ 50,659
Due after one year through five years, Cost or Amortized Cost	125,833	117,826
Due after five years through ten years, Cost or Amortized Cost	6,896	11,602
Due after ten years, Cost or Amortized Cost	4,090	4,583
Fixed-maturity securities, Cost or Amortized Cost	199,954	184,670
Due in one year or less, Fair Value	63,429	50,574
Due after one year through five years, Fair Value	127,660	116,498
Due after five years through ten years, Fair Value	7,350	11,253
Due after ten years, Fair Value	4,400	4,398
Fair Value Total	$ 202,839	$ 182,723

Investments - Summary of Sales

Investments - Summary of Sales of Available-for-sale Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 7,947	$ 81,809	$ 31,759
Fixed-Maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Proceeds	7,947	81,809	31,759
Gross Realized Gains	221	1,293	2,176
Gross Realized Losses	$ (3)	$ (570)	$ (181)

Investments (Other-than-tempora

Investments (Other-than-temporary Impairment) - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)Security	Dec. 31, 2018USD ($)Security	Dec. 31, 2017USD ($)Security
Schedule of Investments [Line Items]
Other-than-temporary impairment losses | $	$ 289	$ 80	$ 1,467
Cumulative Credit Losses | $		$ 0
Number of securities in an unrealized loss position | Security	8	82
Number of securities had been in an unrealized loss position for 12 months or longer | Security	0	35
Fixed-Maturity Securities [Member]
Schedule of Investments [Line Items]
Other-than-temporary impairment losses, number of securities sold | Security			4
Other-than-temporary impairment losses, number of securities | Security	1	1
Other-than-temporary impairment losses | $	$ 289	$ 80	$ 428
Fixed-maturity securities with cumulative credit losses | $			$ 475
Number of securities with cumulative credit losses sold | Security			2
Equity Securities [Member]
Schedule of Investments [Line Items]
Net other-than-temporary impairment losses | $			$ 1,039

Investments - Rollforward of Cu

Investments - Rollforward of Cumulative Credit Losses in Other-Than-Temporary Impairments Recognized in Income for Available for Sale Fixed-Maturity Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2017
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning Balance	$ 0
Fixed-Maturity Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Credit impaired security fully disposed of for which there was no prior intent or requirement to sell		$ (475)
Available-for-Sale Securities [Member] | Fixed-Maturity Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning Balance		475
Credit impairments on impaired securities	289	0
Credit impaired security fully disposed of for which there was no prior intent or requirement to sell		(475)
Ending Balance	$ 289	$ 0

Investments - Summary of Securi

Investments - Summary of Securities with Gross Unrealized Loss Positions Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	$ (21)	$ (871)
Estimated Fair Value, Less than Twelve Months	7,234	47,065
Gross Unrealized Loss, Twelve Months or Longer		(1,414)
Estimated Fair Value, Twelve Months or Longer		72,075
Gross Unrealized Loss, Total	(21)	(2,285)
Estimated Fair Value, Total	7,234	119,140
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	(3)	(59)
Estimated Fair Value, Less than Twelve Months	2,292	21,031
Gross Unrealized Loss, Twelve Months or Longer		(147)
Estimated Fair Value, Twelve Months or Longer		35,393
Gross Unrealized Loss, Total	(3)	(206)
Estimated Fair Value, Total	2,292	56,424
Fixed-Maturity Securities [Member] | Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(3)	(542)
Estimated Fair Value, Less than Twelve Months	4,597	19,932
Gross Unrealized Loss, Twelve Months or Longer		(1,267)
Estimated Fair Value, Twelve Months or Longer		36,682
Gross Unrealized Loss, Total	(3)	(1,809)
Estimated Fair Value, Total	4,597	56,614
Fixed-Maturity Securities [Member] | Exchange-Traded Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months	(15)	(261)
Estimated Fair Value, Less than Twelve Months	345	5,275
Gross Unrealized Loss, Twelve Months or Longer	0	0
Estimated Fair Value, Twelve Months or Longer	0	0
Gross Unrealized Loss, Total	(15)	(261)
Estimated Fair Value, Total	$ 345	5,275
Fixed-Maturity Securities [Member] | State, Municipalities, and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months		(3)
Estimated Fair Value, Less than Twelve Months		715
Gross Unrealized Loss, Twelve Months or Longer		0
Estimated Fair Value, Twelve Months or Longer		0
Gross Unrealized Loss, Total		(3)
Estimated Fair Value, Total		715
Fixed-Maturity Securities [Member] | Redeemable Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Loss, Less than Twelve Months		(6)
Estimated Fair Value, Less than Twelve Months		112
Gross Unrealized Loss, Twelve Months or Longer		0
Estimated Fair Value, Twelve Months or Longer		0
Gross Unrealized Loss, Total		(6)
Estimated Fair Value, Total		$ 112

Investments - Summary of Amor_2

Investments - Summary of Amortized Cost, Gross Unrealized Gains and Losses, and Estimated Fair Value of Equity Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Cost	$ 31,863	$ 45,671
Gross Unrealized Gain	3,652	1,059
Gross Unrealized Loss	(230)	(5,587)
Estimated Fair Value	$ 35,285	$ 41,143

Investments - Summary of Unreal

Investments - Summary of Unrealized Gains and Losses in Consolidated Statement of Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Gain (Loss) on Securities [Line Items]
Net unrealized gains (losses) recognized	$ 7,950	$ (10,202)	$ 92
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Net gains (losses) recognized	7,424	(4,811)
Exclude: Net realized (losses) gains recognized for securities sold	(526)	5,391
Net unrealized gains (losses) recognized	$ 7,950	$ (10,202)

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	$ 37,669	$ 66,439	$ 45,282
Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Proceeds	37,669	66,439	45,282
Gross Realized Gains	2,448	7,324	3,993
Gross Realized Losses	$ (2,974)	$ (1,933)	$ (1,642)

Investments - Schedule of Compa

Investments - Schedule of Company's Investments in Limited Partnerships (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investment Securities [Line Items]
Carrying Value	$ 28,346	$ 32,293
Unfunded Balance	15,130	16,304
Private US Lower Middle Market Companies [Member]
Investment Securities [Line Items]
Carrying Value	9,659	10,169
Unfunded Balance	$ 2,085	$ 2,577
Percentage investment held by the entity	15.37%	15.37%
Bank Loans Public and Private Corporate Bonds Asset Backed Securities Equity and Debt Restructuring [Member]
Investment Securities [Line Items]
Carrying Value	$ 5,985	$ 9,219
Percentage investment held by the entity	1.76%	1.76%
Power Utility and Energy Industries and Infrastructure [Member]
Investment Securities [Line Items]
Carrying Value	$ 9,188	$ 9,023
Unfunded Balance	$ 1,391	$ 2,329
Percentage investment held by the entity	0.18%	0.18%
Senior and Junior Debts of Private Equity-Backed Companies [Member]
Investment Securities [Line Items]
Carrying Value	$ 1,602	$ 1,156
Unfunded Balance	$ 3,106	$ 3,706
Percentage investment held by the entity	0.47%	0.47%
Mature Real Estate Private Equity Funds And Portfolio Globally [Member]
Investment Securities [Line Items]
Carrying Value	$ 1,912	$ 2,726
Unfunded Balance	$ 8,548	$ 7,692
Percentage investment held by the entity	2.24%	3.28%

Investments - Schedule of Com_2

Investments - Schedule of Company's Investments in Limited Partnerships (Parenthetical) (Detail) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Schedule of Investments [Line Items]
Additional funding circumstances	$ 843	$ 843
Private US Lower Middle Market Companies [Member]
Schedule of Investments [Line Items]
Expected term		10 years
Investment additional maturity term		2 years
Bank Loans Public and Private Corporate Bonds Asset Backed Securities Equity and Debt Restructuring [Member]
Schedule of Investments [Line Items]
Expected term		3 years
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
Expiration date of capital commitment		Jun. 30, 2020
Senior and Junior Debts of Private Equity-Backed Companies [Member]
Schedule of Investments [Line Items]
Expected term		6 years
Investment additional maturity term		2 years
Expiration date of capital commitment		Dec. 1, 2020
Mature Real Estate Private Equity Funds And Portfolio Globally [Member]
Schedule of Investments [Line Items]
Expected term	8 years

Investments - Summary of Unaudi

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Limited Partnerships (Detail) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Equity Method Investments [Line Items]
Total income	$ 63,231	$ 59,979	$ 58,630	$ 60,634	$ 52,997	$ 61,743	$ 58,813	$ 57,739	$ 61,623	$ 47,490	$ 67,580	$ 67,713	$ 242,474	$ 231,292	$ 244,406
Limited Partnership [Member]
Schedule Of Equity Method Investments [Line Items]
Total income													27,171	1,821,935	409,169
Total expenses													139,252	146,079	105,281
Net (loss) income													(112,081)	1,675,856	$ 303,888
Balance Sheet:
Total assets	6,850,913				6,689,792								6,850,913	6,689,792
Total liabilities	$ 549,562				$ 394,029								$ 549,562	$ 394,029

Investments (Limited Partnershi

Investments (Limited Partnership Investments) - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Recognized investment income (loss)		$ 1,176	$ 4,430	$ 2,334
Maximum exposure loss relating to VIE		762	845
Distributions received from limited partnership interests		4,176	2,345	881
Limited Partnership [Member]
Schedule of Investments [Line Items]
Company's contributed capital to the partnership		29,528	28,354
Maximum exposure loss relating to VIE		28,346	32,293
Cash distributions				12,639
Distributions received from limited partnership interests		4,176	2,345	881
Return of capital	$ 11,626	$ 2,121	$ 158	$ 11,758

Investments (Investment in Unco

Investments (Investment in Unconsolidated Joint Venture) - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Maximum exposure loss relating to VIE	$ 762	$ 845
Undistributed gain (loss) after equity distribution	0	0	$ 0
Earnings distribution		68	147
Capital distribution		695	417
FMKT Mel JV, LLC [Member]
Schedule of Investments [Line Items]
Cash distribution	$ 0	763	564
Earnings distribution		68	147
Capital distribution		$ 695	$ 417

Investments - Summary of Unau_2

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Joint Venture (Detail) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating results:
Total revenues	$ 63,231	$ 59,979	$ 58,630	$ 60,634	$ 52,997	$ 61,743	$ 58,813	$ 57,739	$ 61,623	$ 47,490	$ 67,580	$ 67,713	$ 242,474	$ 231,292	$ 244,406
The Company’s share of net income (loss)													(83)	304	(234)
Balance Sheet:
Other	17,080				9,004								17,080	9,004
Total assets	802,609				832,863								802,609	832,863
Other liabilities	28,029				22,200								28,029	22,200
Total liabilities and stockholders’ equity	802,609				832,863								802,609	832,863
Investment in unconsolidated joint venture, at equity	762				845								762	845
Unconsolidated Joint Venture [Member]
Operating results:
Total revenues													2	438	331
Total expenses													93	100	483
Net income (loss)													(91)	338	(152)
Balance Sheet:
Property and equipment, net	741				787								741	787
Cash	102				149								102	149
Other	4				5								4	5
Total assets	847				941								847	941
Other liabilities					3									3
Members’ capital	847				938								847	938
Total liabilities and stockholders’ equity	$ 847				$ 941								847	941
Operating Expense [Member]
Operating results:
The Company’s share of net income (loss)													$ (83)	$ 304	$ (234)

Investments - Summary of Unau_3

Investments - Summary of Unaudited Financial Information and Unaudited Financial Position of Joint Venture (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2019
Unconsolidated Joint Venture [Member]
Variable Interest Entity [Line Items]
Percentage of operating results	90.00%

Investments - Summary of Assets

Investments - Summary of Assets Held for Sale (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Nov. 30, 2018a
Assets Held For Sale Not Part Of Disposal Group Current [Abstract]
Area of Land | a		10
Assets held for sale, carrying value	$ 10,031
Additional improvement costs	221
Depreciation expense	$ 261

Investments - Summary of Real E

Investments - Summary of Real Estate Investment (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Land	$ 39,511	$ 23,884
Land improvements	11,907	8,717
Building	24,086	19,201
Tenant and leasehold improvements	1,487	1,261
Other	3,489	5,266
Total, at cost	80,480	58,329
Less: accumulated depreciation and amortization	(6,717)	(3,839)
Real estate investments	$ 73,763	$ 54,490

Investments (Real Estate Invest

Investments (Real Estate Investments) - Additional Information (Detail) $ in Thousands	Feb. 27, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Nov. 30, 2018a
Schedule of Investments [Line Items]
Area of Land | a					10
Commercial real estate purchase price	$ 8,500
Depreciation and amortization expenses under real estate investments		$ 1,550	$ 1,369	$ 1,238
Real Estate Investments [Member]
Schedule of Investments [Line Items]
Depreciation and amortization expenses under real estate investments		$ 1,782	$ 1,536	$ 1,447

Investments - Investment (Loss)

Investments - Investment (Loss) Income Summarized (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Real estate investments	$ (211)	$ 340	$ (1,018)
Net investment income	13,642	16,581	11,439
Available-for-Sale-Fixed-Maturity Securities [Member]
Schedule of Investments [Line Items]
Investment income	6,506	5,097	5,689
Equity Securities [Member]
Schedule of Investments [Line Items]
Investment income	1,333	2,131	3,318
Limited Partnership Investment [Member]
Schedule of Investments [Line Items]
Investment income	1,176	4,430	2,334
Cash and Cash Equivalents [Member]
Schedule of Investments [Line Items]
Investment income	4,970	3,485	2,069
Short-term Investments [Member]
Schedule of Investments [Line Items]
Investment income	416	1,375
Other Types Of Investments [Member]
Schedule of Investments [Line Items]
Investment income			7
Investment Expense [Member]
Schedule of Investments [Line Items]
Investment expense	(465)	(581)	(726)
(Loss) Income from Unconsolidated Joint Venture [Member]
Schedule of Investments [Line Items]
Investment income	$ (83)	$ 304	$ (234)

Investments (Net Investment Inc

Investments (Net Investment Income) - Additional Information (Detail) $ in Thousands	Dec. 31, 2019USD ($)BankAccount	Dec. 31, 2018USD ($)BankAccount
Schedule of Investments [Line Items]
Cash and cash equivalents	$ 229,218	$ 239,458
Deposits representing cash and cash equivalents in percentage	55.10%	75.40%
Number of national banks | Bank	3	3
Number of custodial accounts | Account	2	2
Federal Deposit Insurance Corporation's coverage limit for insured deposit accounts	$ 250	$ 250
Custodial Accounts [Member]
Schedule of Investments [Line Items]
Cash and cash equivalents	12,188	73,511
Bank Deposits [Member]
Schedule of Investments [Line Items]
Cash and cash equivalents	$ 126,347	$ 180,508

Investments (Other Investments)

Investments (Other Investments) - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Types Of Investments [Member]
Schedule of Investments [Line Items]
Net realized gain related to other investment	$ 54	$ 69	$ 0

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Before Tax
Unrealized gain (loss) arising during the period, Before Tax	$ 4,902	$ (3,137)	$ 5,996
Other-than-temporary impairment loss, Before Tax	289	80	1,467
Call and repayment (gains) losses charged to investment income, Before Tax	(141)	(18)	14
Reclassification adjustment for realized gains, Before Tax	(218)	(723)	(4,346)
Net change in unrealized gains (losses)	4,832	(3,798)	3,131
Income Tax Expense (Benefit)
Unrealized gain (loss) arising during the period, Income Tax Expense (Benefit)	1,219	(795)	2,313
Other-than-temporary impairment loss, Income Tax Expense (Benefit)	71	20	566
Call and repayment (gains) losses charged to investment income, Income Tax Expense (Benefit)	(35)	(5)	5
Reclassification adjustment for realized gains, Income Tax Expense (Benefit)	(54)	(183)	(1,676)
Total other comprehensive income (loss), Income Tax Expense (Benefit)	1,201	(963)	1,208
Net of Tax
Unrealized gain (loss) arising during the period, Net of Tax	3,683	(2,342)	3,683
Other-than-temporary impairment loss, Net of Tax	218	60	901
Call and repayment (gains) losses charged to investment income, Net of Tax	(106)	(13)	9
Reclassification adjustment for realized gains, Net of Tax	(164)	(540)	(2,670)
Total other comprehensive income (loss), net of income taxes	$ 3,631	$ (2,835)	$ 1,923

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Money Market Funds and Certificate Of Deposit Maturity Period	90 days
Fair Value, Measurements, Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets transfers Level 1 to Level 2	$ 0	$ 0
Assets transfers Level 2 to Level 1	0	0
Asset transfers into Level 3	0	0
Asset transfers out of Level 3	$ 0	$ 0
Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short Term Investements Maturity Period	91 days
Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Short Term Investements Maturity Period	365 days

Fair Value Measurements - Compo

Fair Value Measurements - Components of Long-Term Debt and Methods Used in Estimating Fair Values (Detail)	12 Months Ended
	Dec. 31, 2019
3.875% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2019
Valuation Methodology	Quoted price
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2037
Valuation Methodology	Quoted price
3.95% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2020
Valuation Methodology	Discounted cash flow method/Level 3 inputs
4% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2031
Valuation Methodology	Discounted cash flow method/Level 3 inputs
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2036
Valuation Methodology	Discounted cash flow method/Level 3 inputs
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date	2036
Valuation Methodology	Discounted cash flow method/Level 3 inputs

Fair Value Measurements - Com_2

Fair Value Measurements - Components of Long-Term Debt and Methods Used in Estimating Fair Values (Parenthetical) (Detail)	Dec. 31, 2019	Mar. 31, 2017	Mar. 03, 2017	Feb. 27, 2017	Jan. 14, 2016
3.875% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.875%
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.25%	4.25%	4.25%
3.95% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.95%			3.95%
4% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.00%				4.00%
3.75% Callable Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.75%
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	4.55%

Fair Value Measurements - Avail

Fair Value Measurements - Available-for-Sale Securities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial Assets:
Restricted cash	$ 700	$ 700
Short-term investments	491	66,479
Total available-for-sale securities	202,839	182,723
Equity securities	35,285	41,143
Fair Value, Measurements, Recurring [Member]
Financial Assets:
Cash and cash equivalents	229,218	239,458
Restricted cash	700	700
Short-term investments	491	66,479
Total available-for-sale securities	202,839	182,723
Equity securities	35,285	41,143
Fair Value, Measurements, Recurring [Member] | (Level 1) [Member]
Financial Assets:
Cash and cash equivalents	229,218	239,458
Restricted cash	700	700
Short-term investments	491	66,479
Total available-for-sale securities	193,926	170,561
Equity securities	35,285	41,143
Fair Value, Measurements, Recurring [Member] | (Level 2) [Member]
Financial Assets:
Total available-for-sale securities	8,913	12,162
Fair Value, Measurements, Recurring [Member] | U.S. Treasury and U.S. Government Agencies [Member]
Financial Assets:
Total available-for-sale securities	26,295	61,797
Fair Value, Measurements, Recurring [Member] | U.S. Treasury and U.S. Government Agencies [Member] | (Level 1) [Member]
Financial Assets:
Total available-for-sale securities	25,294	60,297
Fair Value, Measurements, Recurring [Member] | U.S. Treasury and U.S. Government Agencies [Member] | (Level 2) [Member]
Financial Assets:
Total available-for-sale securities	1,001	1,500
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Financial Assets:
Total available-for-sale securities	159,364	101,905
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | (Level 1) [Member]
Financial Assets:
Total available-for-sale securities	159,364	101,905
Fair Value, Measurements, Recurring [Member] | State, Municipalities, and Political Subdivisions [Member]
Financial Assets:
Total available-for-sale securities	7,912	10,662
Fair Value, Measurements, Recurring [Member] | State, Municipalities, and Political Subdivisions [Member] | (Level 2) [Member]
Financial Assets:
Total available-for-sale securities	7,912	10,662
Fair Value, Measurements, Recurring [Member] | Exchange-Traded Debt [Member]
Financial Assets:
Total available-for-sale securities	9,145	8,247
Fair Value, Measurements, Recurring [Member] | Exchange-Traded Debt [Member] | (Level 1) [Member]
Financial Assets:
Total available-for-sale securities	9,145	8,247
Fair Value, Measurements, Recurring [Member] | Redeemable Preferred Stock [Member]
Financial Assets:
Total available-for-sale securities	123	112
Fair Value, Measurements, Recurring [Member] | Redeemable Preferred Stock [Member] | (Level 1) [Member]
Financial Assets:
Total available-for-sale securities	$ 123	$ 112

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial Assets:
Limited partnership investments	$ 28,346	$ 32,293
Financial Liabilities:
Revolving credit facility	9,750
Total long-term debt	163,695	250,150
Carrying Value [Member]
Financial Assets:
Limited partnership investments	28,346	32,293
Financial Liabilities:
Revolving credit facility	9,750
Total long-term debt	163,635	250,095
Estimate of Fair Value Measurement [Member]
Financial Assets:
Limited partnership investments	28,346	32,293
Financial Liabilities:
Revolving credit facility	9,750
Total long-term debt	177,334	266,383
Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Revolving credit facility	9,750
Total long-term debt	147,375	235,441
Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Assets:
Limited partnership investments	28,346	32,293
Financial Liabilities:
Total long-term debt	29,959	30,942
3.875% Convertible Senior Notes [Member] | Carrying Value [Member]
Financial Liabilities:
Total long-term debt		89,181
3.875% Convertible Senior Notes [Member] | Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt		89,824
3.875% Convertible Senior Notes [Member] | Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt		89,824
4.25% Convertible Senior Notes [Member] | Carrying Value [Member]
Financial Liabilities:
Total long-term debt	134,075	130,120
4.25% Convertible Senior Notes [Member] | Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt	147,375	145,617
4.25% Convertible Senior Notes [Member] | Estimate of Fair Value Measurement [Member] | (Level 2) [Member]
Financial Liabilities:
Total long-term debt	147,375	145,617
3.95% Promissory Note [Member] | Carrying Value [Member]
Financial Liabilities:
Total long-term debt	8,875	9,077
3.95% Promissory Note [Member] | Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt	8,887	9,128
3.95% Promissory Note [Member] | Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	8,887	9,128
4% Promissory Note [Member] | Carrying Value [Member]
Financial Liabilities:
Total long-term debt	7,237	7,732
4% Promissory Note [Member] | Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt	7,409	7,788
4% Promissory Note [Member] | Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	7,409	7,788
3.75% Promissory Note [Member] | Carrying Value [Member]
Financial Liabilities:
Total long-term debt	7,837	8,159
3.75% Promissory Note [Member] | Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt	7,861	8,001
3.75% Promissory Note [Member] | Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	7,861	8,001
4.55% Promissory Note [Member] | Carrying Value [Member]
Financial Liabilities:
Total long-term debt	5,611	5,826
4.55% Promissory Note [Member] | Estimate of Fair Value Measurement [Member]
Financial Liabilities:
Total long-term debt	5,802	6,025
4.55% Promissory Note [Member] | Estimate of Fair Value Measurement [Member] | (Level 3) [Member]
Financial Liabilities:
Total long-term debt	$ 5,802	$ 6,025

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Information for Financial Assets and Liabilities Carried on Balance Sheet (Parenthetical) (Detail)	Dec. 31, 2019	Dec. 31, 2018	Mar. 31, 2017	Mar. 03, 2017	Jan. 14, 2016
3.875% Convertible Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.875%
4.25% Convertible Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%		4.25%	4.25%
4% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.00%				4.00%
3.75% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.75%
4.55% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.55%
Estimate of Fair Value Measurement [Member] | 3.875% Convertible Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate		3.875%
Estimate of Fair Value Measurement [Member] | 4.25% Convertible Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
Estimate of Fair Value Measurement [Member] | 3.95% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.95%	3.95%
Estimate of Fair Value Measurement [Member] | 4% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.00%	4.00%
Estimate of Fair Value Measurement [Member] | 3.75% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.75%	3.75%
Estimate of Fair Value Measurement [Member] | 4.55% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.55%	4.55%
Carrying Value [Member] | 3.875% Convertible Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate		3.875%
Carrying Value [Member] | 4.25% Convertible Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.25%	4.25%
Carrying Value [Member] | 3.95% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.95%	3.95%
Carrying Value [Member] | 4% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.00%	4.00%
Carrying Value [Member] | 3.75% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	3.75%	3.75%
Carrying Value [Member] | 4.55% Promissory Note [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument stated interest rate	4.55%	4.55%

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Summary of Activity with Respect to Deferred Policy Acquisition Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Beginning balance	$ 16,507	$ 16,712
Policy acquisition costs deferred	42,302	34,999
Amortization	(37,146)	(35,204)	$ (35,663)
Ending balance	$ 21,663	$ 16,507	$ 16,712

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Amortization	$ 37,146	$ 35,204	$ 35,663

Property and Equipment, net - S

Property and Equipment, net - Summary of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total, at cost	$ 25,432	$ 22,522
Less: accumulated depreciation and amortization	(10,734)	(9,184)
Property and equipment, net	14,698	13,338
Land [Member]
Property, Plant and Equipment [Line Items]
Total, at cost	1,642	1,642
Building [Member]
Property, Plant and Equipment [Line Items]
Total, at cost	8,101	7,959
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Total, at cost	6,770	6,480
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total, at cost	2,154	2,061
Tenant and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total, at cost	3,388	3,345
Other [Member]
Property, Plant and Equipment [Line Items]
Total, at cost	$ 3,377	$ 1,035

Property and Equipment, net - A

Property and Equipment, net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Depreciation and amortization expense	$ 1,550	$ 1,370	$ 1,237

Intangible Assets, Net - Detail

Intangible Assets, Net - Details of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Total, at cost	$ 5,976	$ 5,976
Less: accumulated amortization	(1,784)	(1,176)
Intangible assets, net	4,192	4,800
Anchor Tenant Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Total, at cost	1,761	1,761
In-Place Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Total, at cost	$ 4,215	$ 4,215

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ 608	$ 604	$ 503
Remaining weighted-average amortization period	11 years 4 months 24 days
Anchor Tenants Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	14 years 2 months 12 days
In-Place Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted-average amortization period	10 years

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2020	$ 624
2021	519
2022	445
2023	337
2024	333
Thereafter	1,934
Intangible assets, net	$ 4,192	$ 4,800

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Benefits receivable related to retrospective reinsurance contracts	$ 9,480	$ 3,136
Prepaid expenses	2,107	2,069
Deposits	1,678	1,413
Lease acquisition costs, net	566	620
Other	3,249	1,766
Total other assets	$ 17,080	$ 9,004

Revolving Credit Facility - Add

Revolving Credit Facility - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended												12 Months Ended
	Feb. 28, 2019	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Line of Credit Facility [Line Items]
Interest expense for revolving credit facility		$ 2,927	$ 2,907	$ 2,884	$ 4,337	$ 4,569	$ 4,552	$ 4,505	$ 4,470	$ 4,439	$ 4,408	$ 4,378	$ 3,542	$ 13,055	$ 18,096	$ 16,767
Revolving credit facility		9,750												$ 9,750
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit facility, expiration date														Dec. 5, 2021
Credit facility. borrowing capacity		65,000												$ 65,000
Additional borrowings from revolving credit facility	$ 8,000													1,750
Interest expense for revolving credit facility														452
Amortization of Debt Issuance Costs														157
Revolving credit facility		$ 9,750												$ 9,750
Debt issuance costs capitalized in other assets	$ 459

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Mar. 15, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total principal amount	$ 173,695		$ 264,995
Finance lease liabilities	60		55
Less: unamortized discount and issuance costs	(10,000)		(14,845)
Total long-term debt	163,695		250,150
3.875% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total principal amount		$ 89,990	89,990
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Total principal amount	143,750		143,750
3.95% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	8,881		9,125
4% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	7,345		7,857
3.75% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	7,955		8,290
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Total principal amount	$ 5,704		$ 5,928

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail)	Feb. 27, 2017	Dec. 31, 2019	Mar. 31, 2017	Mar. 03, 2017	Jan. 14, 2016
3.875% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		3.875%
Debt instrument, maturity date		Mar. 15, 2019
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%	4.25%	4.25%
Debt instrument, maturity date		Mar. 1, 2037
3.95% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate	3.95%	3.95%
Debt instrument, maturity date	Feb. 17, 2020	Feb. 17, 2020
4% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.00%			4.00%
Debt instrument, maturity date		Feb. 1, 2031
3.75% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		3.75%
Debt instrument, maturity date		Sep. 1, 2036
4.55% Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.55%
Debt instrument, maturity date		Aug. 1, 2036
Finance Lease Liabilities [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date		Aug. 15, 2023

Long-Term Debt (Convertible Sen

Long-Term Debt (Convertible Senior Notes) - Additional Information (Detail) $ / shares in Units, $ in Thousands	Mar. 15, 2019USD ($)$ / shares	Mar. 03, 2017USD ($)	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017$ / shares	Mar. 31, 2017
Debt Instrument [Line Items]
Long-term Debt, Gross			$ 173,695	$ 264,995
Cash dividends on common stock | $ / shares			$ 1.60	$ 1.475	$ 1.40
4.25% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate		4.25%	4.25%			4.25%
Debt conversion date		2037
Long-term Debt, Gross			$ 143,750	$ 143,750
Convertible debt, conversion ratio			16.3667
Convertible debt, conversion price | $ / shares			$ 61.10
Debt Instrument, Face Amount		$ 143,750
Proceeds from senior convertible notes net		138,775
Debt issuance and transaction costs		$ 4,975
Debt instrument frequency of periodic payment		semiannually in arrears on March 1 and September 1
Debt instrument, effective interest rate			7.60%
Debt instrument effective rate till final maturity date			5.40%
Debt discount, remaining amortization period			2 years 2 months 12 days
4.25% Convertible Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt instrument put date			Mar. 1, 2022
4.25% Convertible Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Debt instrument put date			Mar. 1, 2027
4.25% Convertible Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Debt instrument put date			Mar. 1, 2032
4.25% Convertible Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash dividends on common stock | $ / shares			$ 0.35
3.875% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate			3.875%
Debt conversion date	2019
Long-term Debt, Gross	$ 89,990			89,990
Debt instrument, last payment, interest	$ 1,744
Convertible debt, conversion ratio	16.4074
Convertible debt, conversion price | $ / shares	$ 60.95
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross			$ 143,750	$ 233,740
Convertible debt, conversion debt description			The holders of the Convertible Senior Notes may convert all or a portion of their Convertible Senior Notes during specified periods as follows: (1) during any calendar quarter commencing after the calendar quarter ending on the dates specified in the indenture, if the last reported sale price of the Company’s common stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than 130% of the conversion price on each applicable trading day; (2) during the five business-day period after any ten consecutive trading-day period in which the trading price per $1 principal amount of the Convertible Senior Notes is less than 98% of the product of the last reported sale price and the conversion rate on each such trading day; (3) if specified corporate events, including a change in control, occur; or (4) at any time on or after the dates specified in the indenture.
Convertible debt, threshold trading days			20
Convertible debt, threshold consecutive trading days			30
Convertible debt, threshold percentage of stock trigger price			130.00%
Convertible Senior Notes [Member] | Convertible Debt Instrument Conversion Period Two [Member]
Debt Instrument [Line Items]
Convertible debt, threshold trading days			5 days
Convertible debt, threshold percentage of stock trigger price			98.00%

Long-Term Debt - Summary of Fut

Long-Term Debt - Summary of Future Maturities of Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Long Term Debt Rolling Maturity [Abstract]
2020	$ 10,013
2021	1,178
2022	144,974
2023	1,267
2024	1,310
Thereafter	14,953
Total	$ 173,695	$ 264,995

Long-Term Debt - Schedule of In

Long-Term Debt - Schedule of Interest Expense Related to Long-Term Debt (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest Expense Debt [Abstract]
Contractual interest	$ 8,061	$ 10,740	$ 10,424
Non-cash expense	4,845	7,487	6,404
Capitalized interest	(303)	(131)	(61)
Total	$ 12,603	$ 18,096	$ 16,767

Long-Term Debt - Summary of Equ

Long-Term Debt - Summary of Equity and Liability Components of the Convertible Senior Notes (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Principal amount	$ 173,695	$ 264,995
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount	143,750	233,740
Unamortized discount	(7,545)	(11,316)
Liability component – net carrying value before issuance costs	136,205	222,424
Equity component – conversion, net of offering costs	$ 15,151	$ 31,051

Long-Term Debt (3.95% Promissor

Long-Term Debt (3.95% Promissory Note) - Additional Information (Detail) $ in Thousands	Feb. 27, 2017USD ($)	Dec. 31, 2019	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Outstanding balance under revolving credit facility				$ 9,441
Additional borrowings from revolving credit facility			$ 6,000	$ 143,859
3.95% Promissory Note [Member]
Debt Instrument [Line Items]
Outstanding balance under revolving credit facility	$ 9,441
Additional borrowings from revolving credit facility	109
Maximum borrowing limit	$ 9,550
Fixed annual interest rate	3.95%	3.95%
Debt instrument periodic payment	$ 50
Debt instrument, payment frequency description	monthly
Number of installment payments	35
Date of initial payment	Mar. 17, 2017
Debt instrument, balloon payment to be paid	$ 8,891
Outstanding principal and interest payment due date	Feb. 17, 2020	Feb. 17, 2020

Long-Term Debt (3.75% Promissor

Long-Term Debt (3.75% Promissory Note) - Additional Information (Detail) - 3.75% Promissory Note [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Fixed annual interest rate	3.75%
Debt instrument, payment frequency description	monthly
Number of installment payments	240
Debt instrument periodic payment	$ 53
Debt instruments, payment terms description	The promissory note may be repaid in full after September 1, 2017 as long as the Company provides at least 60 days’ written notice and pays a prepayment premium as specified in the loan agreement. In addition, the lender may require full payment of the outstanding principal and unpaid interest on September 1, 2031 provided a written notice of its intention to call the note is given at least six months in advance.
Outstanding principal and interest payment due date	Sep. 1, 2031

Long-Term Debt (4% Promissory N

Long-Term Debt (4% Promissory Note) - Additional Information (Detail) - 4% Promissory Note [Member] $ in Thousands	Jan. 14, 2016USD ($)	Dec. 31, 2019
Debt Instrument [Line Items]
Fixed annual interest rate	4.00%	4.00%
Debt instrument, payment frequency description	monthly
Number of installment payments	180
Debt instrument periodic payment	$ 68
Debt instruments, payment terms description	The promissory note may be repaid in full as long as the Company provides at least 60 days’ written notice and pays a prepayment premium as specified in the loan agreement.

Long-Term Debt (4.55% Promissor

Long-Term Debt (4.55% Promissory Note) - Additional Information (Detail) $ in Thousands	Jul. 06, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		$ 6,000	$ 143,859
4.55% Promissory note [Member]
Debt Instrument [Line Items]
Secured loan agreement period	18 years
Proceeds from issuance of long-term debt	$ 6,000
Debt instrument stated interest rate	4.55%
Debt instrument, payment frequency description	monthly
Number of installment payments	216
Debt instrument periodic payment	$ 41
Debt instruments, payment terms description	The promissory note may be repaid in full or in part after September 1, 2020 as long as the Company provides at least 30 days’ written notice and pays a prepayment consideration as specified in the loan agreement.

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)Reinsurer	Dec. 31, 2018USD ($)Reinsurer	Dec. 31, 2017USD ($)
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of ceding commission on ceded premiums written	30.00%
Number of reinsurers | Reinsurer	31	38
Recoveries pertaining to reinsurance contracts	$ 132,678,000	$ 123,911,000
Percentage of assumed premiums to net premium earned	0.66%	0.98%	4.90%
Credit risk associated with reinsurance receivables	$ 0
Ceded losses recognized as reductions in losses and LAE	114,443,000	$ 149,120,000	$ 214,082,000
Net increase in premiums ceded			5,740,000
Reduction in premiums ceded	6,778,000
Net reduction in premiums ceded		485,000
Other assets	17,080,000	9,004,000
Reinsurance [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Other assets	9,480,000	3,136,000
Oxbridge [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Ceded losses recognized as reductions in losses and LAE		7,400,000
Net increase in premiums ceded		448,000	$ 933,000
Hurricane Irma [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Ceded losses recognized as reductions in losses and LAE	103,613,000	143,890,000
Hurricane Michael [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Ceded losses recognized as reductions in losses and LAE	10,750,000	$ 5,230,000
Other Non-catastrophe Claims [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Ceded losses recognized as reductions in losses and LAE	$ 80,000
Reinsurance Recoverable [Member] | Reinsurer Concentration Risk [Member] | Florida Hurricane Catastrophe Fund [Member]
Reinsurance Premiums For Insurance Companies By Product Segment [Line Items]
Percentage of reinsurance recoverable major reinsurers	61.40%

Reinsurance - Impact of the Rei

Reinsurance - Impact of the Reinsurance Treaties on Premiums Written and Earned (Detail) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Premiums Written:
Direct													$ 360,525	$ 336,565	$ 346,188
Assumed													4,430	(109)	1,158
Gross written													364,955	336,456	347,346
Ceded													(125,765)	(129,643)	(133,635)
Net premiums written													239,190	206,813	213,711
Premiums Earned:
Direct													340,656	340,966	347,235
Assumed													1,423	2,099	11,018
Gross earned													342,079	343,065	358,253
Ceded													(125,765)	(129,643)	(133,635)
Net premiums earned	$ 58,698	$ 54,434	$ 51,998	$ 51,184	$ 52,758	$ 54,177	$ 52,965	$ 53,522	$ 55,771	$ 43,964	$ 61,847	$ 63,036	$ 216,314	$ 213,422	$ 224,618

Losses and Loss Adjustment Ex_3

Losses and Loss Adjustment Expenses - Losses and LAE (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Liability For Unpaid Claims And Claims Adjustment Expense Net [Abstract]
Net balance, beginning of year*	$ 94,826	$ 97,818	$ 70,492
Incurred, net of reinsurance, related to:
Current year	96,955	96,860	146,922
Prior years	10,559	12,468	18,707
Total incurred, net of reinsurance	107,514	109,328	165,629
Paid, net of reinsurance, related to:
Current year	(48,456)	(54,698)	(87,770)
Prior years	(55,710)	(57,622)	(50,533)
Total paid, net of reinsurance	(104,166)	(112,320)	(138,303)
Net balance, end of year	98,174	94,826	97,818
Add: reinsurance recoverable	116,523	112,760	100,760
Gross balance, end of year	$ 214,697	$ 207,586	$ 198,578

Losses and Loss Adjustment Ex_4

Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Unpaid claims and claim adjustment expenses overall development	$ 10,559	$ 12,468	$ 18,707
Hurricane Irma [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Preliminary losses estimated	514,000	411,000
Hurricane Michael [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Preliminary losses estimated	33,000	$ 22,250
Accidental Year 2018 and Prior [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Unpaid claims and claim adjustment expenses overall development	10,559
Accidental Year 2018 and Prior [Member] | Hurricane Matthew [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Unpaid claims and claim adjustment expenses overall development	1,923
Accident Year 2019 [Member]
Reserves For Losses And Loss Adjustment Expenses [Line Items]
Unpaid claims and claim adjustment expenses overall development	$ 7,400

Losses and Loss Adjustment Ex_5

Losses and Loss Adjustment Expenses - Schedule of Incurred and Paid Claims Development (Detail) $ in Thousands	Dec. 31, 2019USD ($)Account	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 698,196
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	609,911
All outstanding liabilities before 2012, net of reinsurance	298
Liabilities for LAE, net of reinsurance	88,583
Homeowners Wind-only Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	5,113
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	4,578
Liabilities for LAE, net of reinsurance	535
Losses Specific to Any Hurricane Event prior to 2019 [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	98,222
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	89,365
Liabilities for LAE, net of reinsurance	8,857
Accident Year 2012 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	67,469	$ 67,220	$ 66,465	$ 67,058	$ 66,505	$ 64,083	$ 62,742	$ 66,425
Total of IBNR Plus Expected Development Reported Claims	$ 137
Cumulative Number of Reported Claims | Account	6,620
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 67,203	67,059	65,903	64,667	62,836	59,041	53,225	$ 36,914
Accident Year 2013 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	74,043	73,763	71,604	72,015	69,906	69,932	67,579
Total of IBNR Plus Expected Development Reported Claims	$ 306
Cumulative Number of Reported Claims | Account	7,008
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 73,420	72,492	70,224	68,106	64,257	57,374	$ 40,240
Accident Year 2014 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	92,454	90,084	88,053	84,917	81,773	75,810
Total of IBNR Plus Expected Development Reported Claims	$ 805
Cumulative Number of Reported Claims | Account	7,659
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 90,707	87,125	82,463	77,712	68,897	$ 47,650
Accident Year 2015 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	102,149	101,272	96,173	90,902	78,017
Total of IBNR Plus Expected Development Reported Claims	$ 1,489
Cumulative Number of Reported Claims | Account	7,660
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 99,200	95,179	87,784	76,042	50,939
Accident Year 2015 [Member] | Homeowners Wind-only Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	605	692	569	401	308
Total of IBNR Plus Expected Development Reported Claims	$ 24
Cumulative Number of Reported Claims | Account	100
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 582	582	465	332	$ 156
Accident Year 2016 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	92,986	92,684	90,879	81,446
Total of IBNR Plus Expected Development Reported Claims	$ 2,795
Cumulative Number of Reported Claims | Account	6,922
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 89,144	83,311	73,037	51,663
Accident Year 2016 [Member] | Homeowners Wind-only Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	1,853	1,814	1,314	1,005
Total of IBNR Plus Expected Development Reported Claims	$ 77
Cumulative Number of Reported Claims | Account	228
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 1,772	1,405	1,155	689
Accident Year 2016 [Member] | Losses Specific to Any Hurricane Event prior to 2019 [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	28,133	26,211	24,126	21,414
Total of IBNR Plus Expected Development Reported Claims	$ 1,824
Cumulative Number of Reported Claims | Account	2,418
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 25,849	23,316	20,025	$ 12,227
Accident Year 2017 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	89,652	88,937	91,443
Total of IBNR Plus Expected Development Reported Claims	$ 8,567
Cumulative Number of Reported Claims | Account	5,748
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 78,808	66,996	43,039
Accident Year 2017 [Member] | Homeowners Wind-only Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	815	1,119	1,529
Total of IBNR Plus Expected Development Reported Claims	$ 26
Cumulative Number of Reported Claims | Account	155
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 789	786	484
Accident Year 2017 [Member] | Losses Specific to Any Hurricane Event prior to 2019 [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	53,557	54,080	53,602
Total of IBNR Plus Expected Development Reported Claims	$ 5,992
Cumulative Number of Reported Claims | Account	20,867
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 47,524	47,514	$ 43,905
Accident Year 2018 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	83,976	79,436
Total of IBNR Plus Expected Development Reported Claims	$ 16,499
Cumulative Number of Reported Claims | Account	4,657
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 63,958	41,014
Accident Year 2018 [Member] | Homeowners Wind-only Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	708	798
Total of IBNR Plus Expected Development Reported Claims	$ 28
Cumulative Number of Reported Claims | Account	130
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 607	216
Accident Year 2018 [Member] | Losses Specific to Any Hurricane Event prior to 2019 [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	16,532	16,543
Total of IBNR Plus Expected Development Reported Claims	$ 432
Cumulative Number of Reported Claims | Account	1,699
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 15,992	$ 13,391
Accident Year 2019 [Member] | Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	95,467
Total of IBNR Plus Expected Development Reported Claims	$ 37,702
Cumulative Number of Reported Claims | Account	4,393
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 47,471
Accident Year 2019 [Member] | Homeowners Wind-only Insurance [Member]
Claims Development [Line Items]
Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	1,132
Total of IBNR Plus Expected Development Reported Claims	$ 46
Cumulative Number of Reported Claims | Account	134
Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance	$ 828
Accident Year 2019 [Member] | Losses Specific to Any Hurricane Event prior to 2019 [Member]
Claims Development [Line Items]
Total of IBNR Plus Expected Development Reported Claims	$ 35
Cumulative Number of Reported Claims | Account	136

Losses and Loss Adjustment Ex_6

Losses and Loss Adjustment Expenses - Reconciliation of Net Incurred and Paid Loss Development Tables to Liability for Losses and Loss Adjustment Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items]
Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance	$ 98,174	$ 94,826	$ 97,818	$ 70,492
Reinsurance recoverables	116,523	112,760
Total gross liability for unpaid losses and loss adjustment expenses	214,697	207,586
Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items]
Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance	88,583	80,767
Homeowners Wind-only Insurance [Member]
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items]
Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance	535	1,434
Losses Specific to Any Hurricane Event Prior to 2019 [Member]
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items]
Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance	8,857	12,612
Other Short-duration Insurance Product Lines [Member]
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items]
Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance	$ 199	$ 13

Losses and Loss Adjustment Ex_7

Losses and Loss Adjustment Expenses - Supplementary and Unaudited Information about Average Historical Claims Duration (Detail)	Dec. 31, 2019
Homeowners Multi-peril and Dwelling Fire Insurance [Member]
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 1	51.40%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 2	21.20%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 3	7.90%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 4	0.70%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 5	1.80%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 6	1.00%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 7	0.30%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 8	0.00%
Homeowners Wind-only Insurance [Member]
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 1	46.40%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 2	26.10%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 3	7.50%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 4	1.90%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 5	0.00%
Losses Specific to Any Hurricane Prior to 2019 [Member]
Shortduration Insurance Contracts Historical Claims Duration [Line Items]
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 1	70.60%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 2	14.40%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 3	3.40%
Average Annual Percentage Payout of Incurred Losses by Age, Net of Reinsurance, Year 4	2.60%

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Number of operating divisions	3
Sales Revenue, Net [Member] | Segment Concentration Risk [Member] | Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	95.00%	95.00%	96.20%
Assets [Member] | Segment Concentration Risk [Member] | Insurance Operations [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	85.50%	85.90%

Segment Information - Summary o

Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue:
Net premiums earned	$ 58,698	$ 54,434	$ 51,998	$ 51,184	$ 52,758	$ 54,177	$ 52,965	$ 53,522	$ 55,771	$ 43,964	$ 61,847	$ 63,036	$ 216,314	$ 213,422	$ 224,618
Net investment income													13,642	16,581	11,439
Net realized investment gains (losses)													(254)	6,183	4,346
Net unrealized investment gains													7,950	(10,202)	92
Net other-than-temporary impairment losses													(289)	(80)	(1,467)
Policy fee income													3,229	3,389	3,622
Other													1,882	1,999	1,756
Total revenue	63,231	59,979	58,630	60,634	52,997	61,743	58,813	57,739	61,623	47,490	67,580	67,713	242,474	231,292	244,406
Expenses:
Losses and loss adjustment expenses	28,898	27,327	24,293	26,996	42,101	25,769	21,803	19,655	23,204	89,231	27,665	25,529	107,514	109,328	165,629
Amortization of deferred policy acquisition costs													37,146	35,204	35,663
Interest expense	2,927	2,907	2,884	4,337	4,569	4,552	4,505	4,470	4,439	4,408	4,378	3,542	13,055	18,096	16,767
Loss on repurchases of senior notes															743
Depreciation and amortization													1,550	1,369	1,238
Other													47,116	40,393	39,990
Total operating expenses	54,455	52,260	48,315	51,351	64,342	49,820	47,293	42,935	44,676	113,508	53,275	48,571	206,381	204,390	260,030
Income (loss) before income taxes	$ 8,776	$ 7,719	$ 10,315	$ 9,283	$ (11,345)	$ 11,923	$ 11,520	$ 14,804	$ 16,947	$ (66,018)	$ 14,305	$ 19,142	36,093	26,902	(15,624)
Operating Segments [Member] | Insurance Operations [Member]
Revenue:
Net premiums earned													216,314	213,422	224,618
Net investment income													12,230	10,862	9,898
Net realized investment gains (losses)													286	4,639	3,978
Net unrealized investment gains													6,565	(8,688)
Net other-than-temporary impairment losses													(289)		(1,258)
Policy fee income													3,229	3,389	3,622
Other													762	583	693
Total revenue													239,097	224,207	241,551
Expenses:
Losses and loss adjustment expenses													107,514	109,328	165,629
Amortization of deferred policy acquisition costs													37,146	35,204	35,663
Interest expense													2	1
Depreciation and amortization													113	125	128
Other													30,590	25,797	27,547
Total operating expenses													175,365	170,455	228,967
Income (loss) before income taxes													63,732	53,752	12,584
Total revenue from non-affiliates													239,097	224,207	241,551
Operating Segments [Member] | Real Estate Operations [Member]
Revenue:
Net investment income													1	1	6
Other													9,366	9,324	7,046
Total revenue													9,367	9,325	7,052
Expenses:
Interest expense													1,653	1,568	1,250
Depreciation and amortization													2,542	2,373	2,121
Other													5,168	4,254	4,022
Total operating expenses													9,363	8,195	7,393
Income (loss) before income taxes													4	1,130	(341)
Total revenue from non-affiliates													7,738	7,718	5,525
Operating Segments [Member] | Corporate and Other [Member]
Revenue:
Net investment income													2,348	5,554	2,974
Net realized investment gains (losses)													(540)	1,544	368
Net unrealized investment gains													1,385	(1,514)	92
Net other-than-temporary impairment losses														(80)	(209)
Other													5,738	4,999	4,417
Total revenue													8,931	10,503	7,642
Expenses:
Interest expense													12,043	17,008	15,704
Loss on repurchases of senior notes															743
Depreciation and amortization													1,285	1,011	939
Other													23,246	20,464	18,123
Total operating expenses													36,574	38,483	35,509
Income (loss) before income taxes													(27,643)	(27,980)	(27,867)
Total revenue from non-affiliates													7,176	9,331	6,958
Intersegment Eliminations [Member]
Revenue:
Net investment income													(937)	164	(1,439)
Other													(13,984)	(12,907)	(10,400)
Total revenue													(14,921)	(12,743)	(11,839)
Expenses:
Interest expense													(643)	(481)	(187)
Depreciation and amortization													(2,390)	(2,140)	(1,950)
Other													(11,888)	(10,122)	(9,702)
Total operating expenses													$ (14,921)	$ (12,743)	$ (11,839)

Segment Information - Summary_2

Segment Information - Summary of Segment Assets Reconciled to Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 802,609	$ 832,863
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	(15,060)	(13,599)
Insurance Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	663,280	615,983
Real Estate Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	93,727	83,828
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 60,662	$ 146,651

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 484
Operating Lease, corresponding liabilities	513
Finance Lease, Right-of-Use Assets	79
Finance Lease, corresponding lease liabilities	$ 60	$ 55

Leases - Summarizes the Company

Leases - Summarizes the Company's operating and finance leases in which the Company (Detail)	12 Months Ended
	Dec. 31, 2019
Minimum [Member]
Operating lease:
Initial Term	1 month
Maximum [Member]
Operating lease:
Initial Term	10 years
Office Equipment [Member]
Operating lease:
Renewal Option	Yes
Office Equipment [Member] | Minimum [Member]
Operating lease:
Initial Term	1 month
Finance lease:
Initial Term	3 years
Office Equipment [Member] | Maximum [Member]
Operating lease:
Initial Term	65 months
Finance lease:
Initial Term	5 years
Storage unit [Member]
Operating lease:
Initial Term	2 years
Renewal Option	Yes
Office space [Member]
Operating lease:
Renewal Option	Yes
Office space [Member] | Minimum [Member]
Operating lease:
Initial Term	3 years
Office space [Member] | Maximum [Member]
Operating lease:
Initial Term	10 years

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
2020	$ 327
2021	208
2022	17
Total lease payments	552
Less: interest and foreign taxes	39
Total lease obligations	513
2020	19
2021	19
2022	17
2023	9
Total lease payments	64
Less: interest and foreign taxes	4
Finance lease liabilities	$ 60	$ 55

Leases -The Company's operating

Leases -The Company's operating and finance leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Finance lease costs:
Amortization – ROU assets	$ 15	[1]
Interest expense	2
Operating lease costs	314	[1]
Short-term lease costs	198	[1]
Total lease costs	529
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – finance leases	2
Operating cash flows – operating leases	318
Financing cash flows – finance leases	$ 14
Weighted-average remaining lease term:
Finance leases (in years)	3 years 8 months 12 days
Operating leases (in years)	1 year 8 months 12 days
Weighted-average discount rate:
Finance leases	3.70%
Operating leases	4.00%
[1]	Included in other operating expenses of the consolidated statement of income.

Leases - Summarizes the Compa_2

Leases - Summarizes the Company's operating leases (Detail)	12 Months Ended
	Dec. 31, 2019
Office space [Member]
Operating lease:
Renewal Option	Yes
Office space [Member] | Minimum [Member]
Operating lease:
Initial Term	1 year
Office space [Member] | Maximum [Member]
Operating lease:
Initial Term	3 years
Retail space [Member]
Operating lease:
Renewal Option	Yes
Retail space [Member] | Minimum [Member]
Operating lease:
Initial Term	3 years
Retail space [Member] | Maximum [Member]
Operating lease:
Initial Term	20 years
Boat docks/wet slips [Member]
Operating lease:
Renewal Option	Yes
Boat docks/wet slips [Member] | Minimum [Member]
Operating lease:
Initial Term	1 month
Boat docks/wet slips [Member] | Maximum [Member]
Operating lease:
Initial Term	12 months

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 6,177	$ 7,443	$ (3,933)
State	1,362	1,490	34
Foreign	107	104	81
Total current taxes	7,646	9,037	(3,818)
Deferred:
Federal	1,586	(245)	(4,144)
State	287	392	(757)
Foreign	(2)	(7)	(12)
Total deferred taxes	1,871	140	(4,913)
Income tax expense (benefit)	$ 9,517	$ 9,177	$ (8,731)

Income Taxes - Summarized the D

Income Taxes - Summarized the Differences Between the Statutory Federal Income Tax Rate and the Effective Tax Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income taxes at statutory rate	$ 7,579	$ 5,649	$ (5,468)
State income taxes, net of federal tax benefits	1,362	1,303	(657)
Effects of tax rate changes	(37)		(1,400)
Share-based compensation	(159)	2,156	(705)
Non-deductible executive compensation	685	306	244
Other	87	(237)	(745)
Income tax expense (benefit)	$ 9,517	$ 9,177	$ (8,731)
Income taxes at statutory rate, percentage	21.00%	21.00%	35.00%
Increase (decrease) in income taxes resulting from:
State income taxes, net of federal tax benefits, percentage	3.80%	4.80%	4.20%
Effects of tax rate changes, percentage			9.00%
Share-based compensation, percentage	(0.40%)	8.00%	4.50%
Non-deductible executive compensation, percentage	1.90%	1.10%	(1.60%)
Other, percentage	0.10%	(0.80%)	4.80%
Income tax (benefit) expense, percentage	26.40%	34.10%	55.90%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Uncertain tax positions or unrecognized tax benefits		$ 0	$ 0
Accrued interest and penalty	$ 0	$ 0	$ 0
Income taxes at statutory rate, percentage	21.00%	21.00%	35.00%
Income tax expense (benefit)	$ 9,517,000	$ 9,177,000	$ (8,731,000)
Effective tax rate	26.40%	34.10%	55.90%
Derecognition of deferred tax assets		$ 1,825,000
Disallowance of the deductibility dividends paid		1,887,000
State net operating loss carryforwards		$ 0
Illiquid Assets [Member]
Income Tax Disclosure [Line Items]
Percentage of mandatory one time tax	8.00%
Cash and Cash Equivalents [Member]
Income Tax Disclosure [Line Items]
Percentage of mandatory one time tax	15.50%
Minimum [Member]
Income Tax Disclosure [Line Items]
Percentage of shareholding by controlled foreign corporations and other specified foreign corporations		10.00%

Income Taxes - Significant Comp

Income Taxes - Significant Components of Net Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Unearned premiums	$ 6,272	$ 5,455
Losses and loss adjustment expenses	2,838	3,001
Stock-based compensation	878	716
Net unrealized investment losses		1,641
Other-than-temporary impairment losses	77	6
Organizational costs	63	76
Accrued expenses	86	78
Unearned revenue	120	231
Bad debt reserve	9	20
Other		26
Total deferred tax assets	10,343	11,250
Deferred tax liabilities:
Property and equipment	(1,661)	(1,430)
Intangible assets	(2,214)	(1,841)
Deferred policy acquisition costs	(5,469)	(4,347)
Net unrealized investment gains	(1,547)
Basis difference related to partnership investments	(1,188)	(1,193)
Basis difference related to convertible senior notes	(1,256)	(2,429)
Prepaid expenses	(392)	(394)
Other	(624)	(684)
Total deferred tax liabilities	(14,351)	(12,318)
Net deferred tax liabilities	$ (4,008)	$ (1,068)

Earnings Per Share - Summary of

Earnings Per Share - Summary of Numerator and Denominator of Basic and Fully Diluted (Loss) Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 6,432	$ 5,853	$ 7,553	$ 6,738	$ (8,466)	$ 8,997	$ 6,403	$ 10,791	$ 12,091	$ (40,546)	$ 9,542	$ 12,020	$ 26,576	$ 17,725	$ (6,893)
Less: (Income) loss attributable to participating securities													(1,448)	717	$ 481
Basic Earnings Per Share:
Income allocated to common stockholders, Income (Loss) (Numerator)													$ 25,128	$ 18,442
Income allocated to common stockholders, Shares (Denominator)													7,580	7,878
Income allocated to common stockholders, Per Share Amount	$ 0.84	$ 0.73	$ 0.93	$ 0.82	$ (0.95)	$ 1.08	$ 0.96	$ 1.25	$ 1.37	$ (4.44)	$ 1.05	$ 1.27	$ 3.32	$ 2.34	$ (0.75)
Diluted Earnings Per Share:
Income available to common stockholders and assumed conversions, Income (Loss) (Numerator)													$ 33,876	$ 18,442
Income available to common stockholders and assumed conversions, Shares (Denominator)													10,238	7,895
Income available to common stockholders and assumed conversions, Per Share Amount	$ 0.82	$ 0.73	$ 0.90	$ 0.82	$ (0.95)	$ 1	$ 0.92	$ 1.11	$ 1.14	$ (4.44)	$ 0.93	$ 1.15	$ 3.31	$ 2.34	$ (0.75)
Basic and Diluted Loss Per Share:
Loss available to common stockholders, Income (Loss) (Numerator)															$ (6,412)
Loss available to common stockholders, Shares (Denominator)															8,558
Loss available to common stockholders, Per Share Amount															$ (0.75)
Convertible Senior Notes [Member]
Effect of Dilutive Securities:
Dilutive Securities, Income (Loss) (Numerator)													$ 8,748
Dilutive Securities, Shares (Denominator)													2,646
Stock Options [Member]
Effect of Dilutive Securities:
Dilutive Securities, Shares (Denominator)													12	17

Stockholders' Equity (Common St

Stockholders' Equity (Common Stock) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Dec. 19, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Stock repurchased and retired, total costs		$ 1,203	$ 1,151	$ 21,318
Share Repurchase Plan [Member]
Class of Stock [Line Items]
Common stock repurchase authorized amount		$ 20,000	$ 20,000
Common stock repurchased and retired, weighted average price, excluding fees and commissions		$ 41.49	$ 39.09
Stock repurchased and retired, total costs		$ 18,851	$ 20,015	$ 15,154
Common stock repurchased and retired, weighted average price, including fees and commissions		$ 41.52	$ 39.12
Repurchase plan expiration date	Mar. 15, 2020
Common Stock [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares		28,784	27,281	437,240
Common Stock [Member] | Share Repurchase Plan [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, shares		454,010	511,628	433,175

Stockholders' Equity (Series B

Stockholders' Equity (Series B Junior Participating Preferred Share Purchase Right) - Additional Information (Detail)	Apr. 18, 2017$ / shares
Share Repurchase Plan [Member] | Series B Junior Participating Preferred Stock [Member]
Class of Stock [Line Items]
Exercise price per one one-hundredth of each preferred share	$ 125

Stockholders' Equity (Share Rep

Stockholders' Equity (Share Repurchase Agreement) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 03, 2017
Class of Stock [Line Items]
Repurchase and retirement of common stock, value		$ 1,203	$ 1,151	$ 21,318
4.25% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.25%	4.25%			4.25%
Share Repurchase Plan [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, value		$ 18,851	$ 20,015	$ 15,154
Common stock repurchased and retired, price per share		$ 41.49	$ 39.09
Institutional Investors [Member] | Share Repurchase Plan [Member]
Class of Stock [Line Items]
Repurchase and retirement of common stock, value	$ 20,345
Repurchase and retirement of common stock, shares	413,600
Common stock repurchased and retired, price per share	$ 49.19

Stockholders' Equity (Prepaid S

Stockholders' Equity (Prepaid Share Repurchase Forward Contract) - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Nov. 30, 2018	Mar. 31, 2017	Mar. 03, 2017
4.25% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	4.25%		4.25%	4.25%
3.875% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate	3.875%
Share Repurchase Plan [Member]
Class of Stock [Line Items]
Number of outstanding prepaid share repurchase forward contract	1
Share Repurchase Plan [Member] | Societe Generale [Member] | 4.25% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Repurchase of common stock under prepaid forward contract	$ 9,400
Repurchase of Common stock, shares	191,000
Prepaid stock repurchases forward contract settlement period	2022
Debt instrument stated interest rate			4.25%
Share Repurchase Plan [Member] | Deutsche Bank AG, London Branch [Member] | 3.875% Convertible Senior Notes [Member]
Class of Stock [Line Items]
Debt instrument stated interest rate		3.875%
Shares Delivered By Forward Counterparty		622,751

Stockholders' Equity (Preferred

Stockholders' Equity (Preferred Stock) - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Preferred shares issued	0	0
Preferred shares outstanding	0	0
Additional shares of preferred stock authorized to issue, no par value	18,100,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred shares issued	0	0
Preferred shares outstanding	0	0
Series A Cumulative Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred shares issued	0	0
Preferred shares outstanding	0	0

Stock-Based Compensation (Incen

Stock-Based Compensation (Incentive Plans) - Additional Information (Detail)	Dec. 31, 2019shares
Omnibus Incentive Plan New Plan 2012 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common shares available for grant	1,761,804

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Options) - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options exercisable contractual term	10 years
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Recognized compensation expenses	$ 870	$ 521	$ 306
Deferred tax benefits recognized	22	79	$ 78
Unrecognized compensation expense related to nonvested stock options	$ 1,835	$ 1,359
Recognition of remaining compensation expense over a weighted-average period	2 years 4 months 24 days
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options maximum vesting period	5 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Company's Stock Option Plan Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Roll Forward
Outstanding, Beginning Balance, Number of Options	240,000	130,000	50,000
Granted, Number of options	110,000	110,000	110,000
Exercised, Number of Options	(10,000)	0	(30,000)
Outstanding, Ending Balance, Number of Options	340,000	240,000	130,000	50,000
Exercisable, Number of Options	92,500
Outstanding, Beginning Balance, Weighted Average Exercise Price	$ 37.19	$ 34.82	$ 4.02
Granted, Weighted Average Exercise Price	53	40	40
Exercised, Weighted Average Exercise Price	6.30		2.50
Outstanding, Ending Balance, Weighted Average Exercise Price	43.21	$ 37.19	$ 34.82	$ 4.02
Exercisable, Weighted-Average Exercise Price	$ 36.36
Outstanding, Weighted-Average Remaining Contractual Term	7 years 10 months 24 days	8 years 9 months 18 days	8 years 2 months 12 days	2 years 3 months 18 days
Exercisable, Weighted-Average Remaining Contractual Term	6 years 9 months 18 days
Outstanding, Aggregate Intrinsic Value	$ 1,657	$ 3,278	$ 472	$ 1,773
Exercisable, Aggregate Intrinsic Value	$ 868

Stock-Based Compensation - Info

Stock-Based Compensation - Information about Options Exercised (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award Options Activity [Abstract]
Options exercised	10,000	0	30,000
Total intrinsic value of exercised options	$ 347	$ 0	$ 1,319
Tax benefits realized	$ 85	$ 0	$ 509

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used to Estimate the Fair Value of Stock Options Granted (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected dividend yield	3.34%	4.00%	3.53%
Expected volatility	40.17%	42.22%	42.86%
Risk-free interest rate	2.53%	2.57%	1.92%
Expected life (in years)	5 years	5 years	5 years

Stock Based Compensation - Info

Stock Based Compensation - Information with Respect to Unvested Restricted Stock Awards Stock Option and Incentive Plan (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Forfeited, Number of Restricted Stock Awards	(284,000)
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning balance, shares	632,296	597,690	542,503
Granted, Number of Restricted Stock Awards	180,404	189,860	154,936
Vested, Number of Restricted Stock Awards	(116,164)	(98,617)	(75,983)
Forfeited, Number of Restricted Stock Awards	(299,776)	(56,637)	(23,766)
Ending balance, shares	396,760	632,296	597,690
Nonvested, Weighted-Average Grant Date Fair Value, Beginning balance	$ 33.33	$ 32.82	$ 30.81
Granted, Weighted-Average Grant Date Fair Value	42.79	41.81	42.92
Vested, Weighted-Average Grant Date Fair Value	40.10	40.82	37.95
Forfeited, Weighted-Average Grant Date Fair Value	25.31	36.46	36.32
Nonvested, Weighted-Average Grant Date Fair Value, Ending balance	$ 41.71	$ 33.33	$ 32.82

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted Stock Awards Forfeited	284,000
Declared dividends charged to earnings	$ 237,000	$ 195,000
Retained income dividends cumulatively paid		1,887,000
General and Administrative Personnel Expense [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Declared dividends charged to earnings	170,000	159,000
Retained income dividends cumulatively paid		1,346,000
Other Operating Income (Expense) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Declared dividends charged to earnings	67,000	36,000
Retained income dividends cumulatively paid		541,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Recognized compensation expenses	5,590,000	4,111,000	$ 4,217,000
Total unrecognized compensation expense, Nonvested restricted stock arrangements granted	$ 12,661,000	$ 11,199,000
Recognition of remaining compensation expense over a weighted-average period	2 years 7 months 6 days
Restricted Stock Awards Forfeited	299,776	56,637	23,766
Awards issued during the period	180,404	189,860	154,936
Other Than Service Based Restricted Stock Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards issued during the period	0	0	0

Stock-Based Compensation - In_2

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Deferred tax benefits recognized	$ 1,075	$ 862	$ 970
Tax benefits realized for restricted stock and paid dividends	1,129	1,086	1,396
Fair value of vested restricted stock	$ 4,658	$ 4,025	$ 2,884

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)Plan	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
US Employees [Member]
Employee Benefit Plan [Line Items]
Maximum percentage of employee contribution	100.00%
Company contribution in the plan	$ 638,000	$ 536,000	$ 560,000
US Employees [Member] | Deferred Profit Sharing [Member]
Employee Benefit Plan [Line Items]
Company contribution in the plan	$ 0
US Employees [Member] | Maximum [Member]
Employee Benefit Plan [Line Items]
Maximum percentage of employer contribution	4.00%
India Employees [Member]
Employee Benefit Plan [Line Items]
Employment benefit accrued	$ 89,000	72,000
Matching contribution, number of defined contribution plans | Plan	2
Defined benefit plan amount recognized	$ 17,000	$ 14,000	$ 17,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)Contract	Dec. 31, 2018USD ($)
Commitments And Contingencies Disclosure [Abstract]
Number of multi year reinsurance contracts | Contract	1
Due in 12 months following December 31, 2019	$ 2,024
Unfunded Balance	$ 15,130	$ 16,304

Commitments and Contingencies_2

Commitments and Contingencies - Rental Income Due Under Non-Cancellable Operating Leases (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Commitments And Contingencies Disclosure [Abstract]
2020	$ 4,164
2021	3,699
2022	3,188
2023	2,709
2024	2,683
Thereafter	11,720
Total	$ 28,163

Quarterly Results of Operatio_3

Quarterly Results of Operations - Summarize Unaudited Quarterly Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Net premiums earned	$ 58,698	$ 54,434	$ 51,998	$ 51,184	$ 52,758	$ 54,177	$ 52,965	$ 53,522	$ 55,771	$ 43,964	$ 61,847	$ 63,036	$ 216,314	$ 213,422	$ 224,618
Total revenues	63,231	59,979	58,630	60,634	52,997	61,743	58,813	57,739	61,623	47,490	67,580	67,713	242,474	231,292	244,406
Losses and loss adjustment expenses	28,898	27,327	24,293	26,996	42,101	25,769	21,803	19,655	23,204	89,231	27,665	25,529	107,514	109,328	165,629
Policy acquisition and other underwriting expenses	11,759	10,988	10,077	9,673	9,795	9,829	9,959	9,360	10,018	9,926	10,070	9,649	42,497	38,943	39,663
Interest expense	2,927	2,907	2,884	4,337	4,569	4,552	4,505	4,470	4,439	4,408	4,378	3,542	13,055	18,096	16,767
Total expenses	54,455	52,260	48,315	51,351	64,342	49,820	47,293	42,935	44,676	113,508	53,275	48,571	206,381	204,390	260,030
Income (loss) before income taxes	8,776	7,719	10,315	9,283	(11,345)	11,923	11,520	14,804	16,947	(66,018)	14,305	19,142	36,093	26,902	(15,624)
Net income (loss)	6,432	5,853	7,553	6,738	(8,466)	8,997	6,403	10,791	12,091	(40,546)	9,542	12,020	26,576	17,725	(6,893)
Comprehensive income (loss)	$ 6,519	$ 6,189	$ 8,767	$ 8,732	$ (8,818)	$ 8,955	$ 6,413	$ 8,340	$ 11,914	$ (38,792)	$ 8,959	$ 12,949	$ 30,207	$ 14,890	$ (4,970)
Earnings (loss) per share:
Basic	$ 0.84	$ 0.73	$ 0.93	$ 0.82	$ (0.95)	$ 1.08	$ 0.96	$ 1.25	$ 1.37	$ (4.44)	$ 1.05	$ 1.27	$ 3.32	$ 2.34	$ (0.75)
Diluted	$ 0.82	$ 0.73	$ 0.90	$ 0.82	$ (0.95)	$ 1	$ 0.92	$ 1.11	$ 1.14	$ (4.44)	$ 0.93	$ 1.15	$ 3.31	$ 2.34	$ (0.75)

Regulatory Requirements and R_3

Regulatory Requirements and Restrictions - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Statutory Accounting Practices [Line Items]
Payment of dividends	$ 88,780
Restricted net assets of Company's insurance subsidiaries	$ 191,210	$ 181,571
TypTap [Member]
Statutory Accounting Practices [Line Items]
Statutory accounting practices, Future dividend payments restrictions, Capital Surplus Percentage	10.00%
Statutory capital and surplus	$ 27,200	26,000	$ 24,000
Statutory net income (loss) Amount	$ (5,200)	$ 2,034	$ (797)
Premium to capital surplus ratio for gross written premiums	2.23	0.57	0.33
Premium to capital surplus ratio for net written premiums	1.63	0.38	0.27
TypTap [Member] | Minimum [Member]
Statutory Accounting Practices [Line Items]
Minimum amount of statutory capital and surplus required	$ 10,000	$ 20,000
HCPCI Domiciled in Florida [Member]
Statutory Accounting Practices [Line Items]
Statutory accounting practices, Future dividend payments restrictions, Capital Surplus Percentage	10.00%
Statutory capital and surplus	$ 159,000	149,000	$ 153,000
Statutory net income (loss) Amount	18,400	20,700	(10,500)
HCPCI Domiciled in Florida [Member] | Minimum [Member]
Statutory Accounting Practices [Line Items]
Minimum amount of statutory capital and surplus required	21,700	21,700
HCPCI and TypTap [Member]
Statutory Accounting Practices [Line Items]
Deposit in Trust with state regulatory authorities	$ 300
Insurance Subsidiaries Domiciled In Florida
Statutory Accounting Practices [Line Items]
Statutory accounting practices, Future dividend payments restrictions, Capital Surplus Percentage	10.00%
Dividend distribution open capital surplus under condition 1	10.00%
Dividend distribution open capital surplus under condition 2	10.00%
Percentage of unrealized capital gain under condition 2	25.00%
Dividend distribution open capital surplus under condition 3	10.00%
Percentage of unrealized capital gain under condition 3	25.00%
Statutory accounting practices, Future dividend payments restrictions, Statutory Capital surplus Percentage	115.00%
Statutory accounting practices, Future dividend payments restrictions, Notice Period	30 days
Premium to capital surplus ratios, percentage of written premiums	90.00%
Insurance Subsidiaries Domiciled In Florida | Maximum [Member]
Statutory Accounting Practices [Line Items]
Premium to capital surplus ratio for gross written premiums	10
Premium to capital surplus ratio for net written premiums	4
Claddaugh Domiciled in Bermuda [Member]
Statutory Accounting Practices [Line Items]
Minimum amount of statutory capital and surplus required	$ 2,000
Statutory capital and surplus	34,500	45,000
Statutory net income (loss) Amount	(4,400)	(8,100)	(5,200)
Statutory accounting practices returns of capital distribution	6,000	$ 10,000
Payment of cash dividend to parent			$ 20,000
Us Insurance Subsidiaries [Member]
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	186,446
Us Insurance Subsidiaries [Member] | Minimum [Member]
Statutory Accounting Practices [Line Items]
Minimum amount of statutory capital and surplus required	$ 95,318

Regulatory Requirements and R_4

Regulatory Requirements and Restrictions - Summary of Required Ratio of Gross and Net Written Premium to Surplus (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
HCPCI [Member]
Statutory Accounting Practices [Line Items]
Premium to capital surplus ratio for gross written premiums	1.92	2.17	2.01
Premium to capital surplus ratio for net written premiums	1.15	1.27	1.11
TypTap [Member]
Statutory Accounting Practices [Line Items]
Premium to capital surplus ratio for gross written premiums	2.23	0.57	0.33
Premium to capital surplus ratio for net written premiums	1.63	0.38	0.27

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Thousands	May 28, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)Account
Oxbridge [Member]
Related Party Transaction [Line Items]
Number of non-employee directors | Account			3
Payment for contract termination settlement fee	$ 600
Derecognition of accrued benefits	$ 622
Oxbridge [Member] | Period From June 1, 2016 Through May 31, 2017 [Member]
Related Party Transaction [Line Items]
Assumed total covered exposure			$ 6,000
Premiums paid			3,400
Oxbridge [Member] | Period From June 1, 2017 Through May 31, 2018 [Member]
Related Party Transaction [Line Items]
Assumed total covered exposure			7,400
Premiums paid			$ 3,400
First Home Bank [Member]
Related Party Transaction [Line Items]
Certificates of deposits value		$ 15,094
Certificates of deposit maturity period		6 months

Condensed Financial Informati_3

Condensed Financial Information of HCI Group, Inc. - Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 229,218	$ 239,458
Fixed-maturity securities, available for sale, at fair value	202,839	182,723
Equity securities, at fair value	35,285	41,143
Limited partnership investments, at equity	28,346	32,293
Property and equipment, net	14,698	13,338
Income taxes receivable	1,040	971
Other assets	17,080	9,004
Total assets	802,609	832,863
Liabilities and Stockholders’ Equity
Deferred income taxes, net	4,008	1,068
Revolving credit facility	9,750
Long-term debt	163,695	250,150
Total liabilities	617,066	651,422
Total stockholders’ equity	185,543	181,441	$ 193,975	$ 243,746
Total liabilities and stockholders’ equity	802,609	832,863
HCI Group [Member]
Assets
Cash and cash equivalents	17,738	42,292
Fixed-maturity securities, available for sale, at fair value	745	38,224
Equity securities, at fair value	6,689	7,299
Short-term investments		25,275
Limited partnership investments, at equity	21,405	21,711
Note receivable – related party	1,280	1,280
Investment in subsidiaries	290,675	290,469
Property and equipment, net	345	445
Income taxes receivable		3,019
Other assets	4,466	1,136
Total assets	343,343	431,150
Liabilities and Stockholders’ Equity
Accrued expenses and other liabilities	6,526	4,772
Income tax payable	1,443
Deferred income taxes, net	2,587	3,594
Revolving credit facility	9,750
Long-term debt	134,080	219,301
Due to related parties	3,414	22,042
Total liabilities	157,800	249,709
Total stockholders’ equity	185,543	181,441
Total liabilities and stockholders’ equity	$ 343,343	$ 431,150

Condensed Financial Informati_4

Condensed Financial Information of HCI Group, Inc. - Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements Captions [Line Items]
Net investment income													$ 13,642	$ 16,581	$ 11,439
Net realized investment (losses) gains													(254)	6,183	4,346
Net unrealized investment gains (losses)													7,950	(10,202)	92
Other-than-temporary impairment losses													(289)	(80)	(1,467)
Loss on repurchases of senior notes															(743)
Interest expense	$ (2,927)	$ (2,907)	$ (2,884)	$ (4,337)	$ (4,569)	$ (4,552)	$ (4,505)	$ (4,470)	$ (4,439)	$ (4,408)	$ (4,378)	$ (3,542)	(13,055)	(18,096)	(16,767)
Income tax benefit													(9,517)	(9,177)	8,731
Net income (loss)	$ 6,432	$ 5,853	$ 7,553	$ 6,738	$ (8,466)	$ 8,997	$ 6,403	$ 10,791	$ 12,091	$ (40,546)	$ 9,542	$ 12,020	26,576	17,725	(6,893)
HCI Group [Member]
Condensed Financial Statements Captions [Line Items]
Net investment income													2,295	5,348	2,799
Net realized investment (losses) gains													(541)	1,544	367
Net unrealized investment gains (losses)													1,385	(1,514)	92
Other-than-temporary impairment losses														(80)	(209)
Loss on repurchases of senior notes															(743)
Interest expense													(12,042)	(17,007)	(15,704)
Operating expenses													(6,353)	(5,429)	(5,489)
Loss before income tax benefit and equity in income of subsidiaries													(15,256)	(17,138)	(18,887)
Income tax benefit													3,092	1,856	9,605
Net loss before equity in income of subsidiaries													(12,164)	(15,282)	(9,282)
Equity in income of subsidiaries													38,740	33,007	2,389
Net income (loss)													$ 26,576	$ 17,725	$ (6,893)

Condensed Financial Informati_5

Condensed Financial Information of HCI Group, Inc. - Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 6,432	$ 5,853	$ 7,553	$ 6,738	$ (8,466)	$ 8,997	$ 6,403	$ 10,791	$ 12,091	$ (40,546)	$ 9,542	$ 12,020	$ 26,576	$ 17,725	$ (6,893)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation													6,460	4,632	4,523
Net realized investment losses (gains)													254	(6,183)	(4,346)
Net unrealized investment (gains) losses													(7,950)	10,202	(92)
Amortization of premiums (discounts) on investments in fixed-maturity securities													50	761	1,252
Depreciation and amortization													8,942	10,996	9,591
Net income from limited partnership interests													(1,176)	(4,430)	(2,334)
Distributions from limited partnership interests													4,176	2,345	881
Other-than-temporary impairment losses													289	80	1,467
Loss on repurchases of senior notes															743
Deferred income taxes													1,871	141	(4,913)
Changes in operating assets and liabilities:
Income taxes													(69)	15,221	(13,381)
Other assets													(7,837)	408	783
Accrued expenses and other liabilities													9,413	2,444	2,548
Net cash provided by operating activities													54,047	28,595	16,635
Cash flows from investing activities:
Investments in limited partnership interests													(1,174)	(7,182)	(4,226)
Purchase of fixed-maturity securities													(82,662)	(113,174)	(114,743)
Purchase of equity securities													(24,637)	(52,250)	(50,453)
Purchase of short-term and other investments													(1,178)	(201,538)
Purchase of property and equipment													(2,887)	(2,187)	(2,340)
Proceeds from sales of fixed-maturity securities													7,947	81,809	31,759
Proceeds from calls, repayments and maturities of fixed-maturity securities													59,343	82,177	14,897
Proceeds from sales of equity securities													37,669	66,439	45,282
Distributions from limited partnership interests													2,121	158	11,758
Return of capital from subsidiary														695	417
Net cash provided by (used in) investing activities													50,459	(17,678)	(80,164)
Cash flows from financing activities:
Repurchases of common stock													(1,203)	(1,151)	(30,718)
Repurchases of common stock under share repurchase plan													(18,851)	(20,015)	(15,154)
Repurchases of senior notes															(40,250)
Debt issuance costs paid													(459)	(105)	(4,975)
Cash dividends paid to stockholders													(13,012)	(11,318)	(13,906)
Cash dividends received under share repurchase forward contract													306	967	1,073
Proceeds from revolving credit facility													9,750
Proceeds from exercise of stock options													63		75
Proceeds from the issuance of long-term debt														6,000	143,859
Net cash (used in) provided by financing activities													(114,724)	(27,288)	39,030
Net decrease in cash, cash equivalents and restricted cash													(10,240)	(16,535)	(24,438)
Cash and cash equivalents at beginning of year				240,158									240,158
Cash and cash equivalents at end of year	229,918				240,158								229,918	240,158
HCI Group [Member]
Cash flows from operating activities:
Net income (loss)													26,576	17,725	(6,893)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation													3,638	2,550	2,630
Net realized investment losses (gains)													541	(1,544)	(367)
Net unrealized investment (gains) losses													(1,385)	1,514	(92)
Amortization of premiums (discounts) on investments in fixed-maturity securities													66	(3)	51
Depreciation and amortization													5,194	7,737	6,673
Net income from limited partnership interests													(701)	(3,007)	(1,354)
Distributions from limited partnership interests													1,661	1,495	881
Other-than-temporary impairment losses														80	209
Loss on repurchases of senior notes															743
Loss from disposal of property and equipment															17
Equity in income of subsidiaries													(38,740)	(33,007)	(2,389)
Deferred income taxes													(916)	1,075	(4,224)
Changes in operating assets and liabilities:
Income taxes													4,462	4	(1,461)
Other assets													(3,042)	(144)	(106)
Accrued expenses and other liabilities													1,750	273	1,544
Due to related parties													(16,754)	(2,600)	(54,896)
Net cash provided by operating activities													(17,650)	(7,852)	(59,034)
Cash flows from investing activities:
Investments in limited partnership interests													(1,602)	(5,125)	(4,611)
Investment in note receivable – related party															(7,280)
Purchase of fixed-maturity securities													(234)	(5,864)	(31,034)
Purchase of equity securities													(8,733)	(16,913)	(12,483)
Purchase of short-term and other investments													(187)	(50,510)
Purchase of property and equipment													(176)	(154)	(306)
Proceeds from sales of fixed-maturity securities													477	2,215	667
Proceeds from calls, repayments and maturities of fixed-maturity securities													35,361
Proceeds from sales of equity securities													9,906	20,698	8,886
Proceeds from sales, redemptions and maturities of short-term and other investments													25,733	25,401
Collection of note receivable – related party														6,000
Distributions from limited partnership interests													948	158	11,758
Dividends received from subsidiary													44,000	42,000	105,000
Return of capital from subsidiary													6,000	10,000
Investment in subsidiaries													(5,000)
Net cash provided by (used in) investing activities													106,493	27,906	70,597
Cash flows from financing activities:
Repurchases of common stock													(1,203)	(1,151)	(30,718)
Repurchases of common stock under share repurchase plan													(18,851)	(20,015)	(15,154)
Repurchases of senior notes															(40,250)
Debt issuance costs paid													(459)		(4,975)
Cash dividends paid to stockholders													(13,012)	(11,318)	(13,906)
Cash dividends received under share repurchase forward contract													306	967	1,073
Proceeds from revolving credit facility													9,750
Proceeds from exercise of stock options													63		75
Proceeds from the issuance of long-term debt															143,750
Repayment of long-term debt													(89,991)
Net cash (used in) provided by financing activities													(113,397)	(31,517)	39,895
Net decrease in cash, cash equivalents and restricted cash													(24,554)	(11,463)	51,458
Cash and cash equivalents at beginning of year				$ 42,292				$ 53,755				$ 2,297	42,292	53,755	2,297
Cash and cash equivalents at end of year	$ 17,738				$ 42,292				$ 53,755				$ 17,738	$ 42,292	$ 53,755

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands	Apr. 01, 2020USD ($)Policy	Feb. 28, 2020USD ($)	Feb. 05, 2020USD ($)	Jan. 21, 2020$ / shares	Jan. 16, 2020USD ($)$ / sharesshares	Feb. 27, 2017USD ($)	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares
Subsequent Event [Line Items]
Proceeds from issuance of long-term debt								$ 6,000	$ 143,859
Options to purchase common shares granted | shares							110,000	110,000	110,000
Options exercise price per share | $ / shares							$ 53	$ 40	$ 40
Grant date fair value of restricted stock							$ 0	$ 0	$ 0
Maximum [Member]
Subsequent Event [Line Items]
Vesting period							5 years
3.95% Promissory Note [Member]
Subsequent Event [Line Items]
Proceeds from issuance of long-term debt						$ 109
Stated interest rate on convertible senior notes						3.95%	3.95%
Debt instrument frequency of periodic payment						monthly
Debt instrument periodic payment						$ 50
Number of installment payments						35
Date of initial payment						Mar. 17, 2017
Debt instrument, balloon payment to be paid						$ 8,891
Debt instrument, maturity date						Feb. 17, 2020	Feb. 17, 2020
HCPCI [Member] | Policy Replacement Agreement | Scenario Forecast [Member] | Maximum [Member]
Subsequent Event [Line Items]
Number of replacement policies expected to be offered | Policy	43,000
Annualized premium of replacement policies expected to be offered	$ 69,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends per common share | $ / shares				$ 0.40
Dividends. date of declared				Jan. 21, 2020
Dividends, date of record				Feb. 21, 2020
Dividends. date of payable				Mar. 20, 2020
Subsequent Event [Member] | Chief Executive Officer [Member]
Subsequent Event [Line Items]
Shares of restricted stock granted | shares					40,000
Options to purchase common shares granted | shares					110,000
Options exercise price per share | $ / shares					$ 48
Options expiration date					Jan. 16, 2030
Vesting period					4 years
Grant date fair value of restricted stock					$ 1,839
Grant date fair value of stock options					$ 1,234
Subsequent Event [Member] | American Equity Investment Life Insurance Company [Member]
Subsequent Event [Line Items]
Proceeds from issuance of long-term debt		$ 10,000
Stated interest rate on convertible senior notes		3.90%
Debt instrument frequency of periodic payment		monthly
Debt instrument periodic payment		$ 60
Number of installment payments		143
Date of initial payment		Apr. 1, 2020
Debt instrument, balloon payment to be paid		$ 5,007
Debt instrument, maturity date		Mar. 1, 2032
Debt instruments, payment terms description		The promissory note may be repaid in full at any time as long as the Company provides at least 60 days’ written notice and pays a prepayment premium and a processing fee.
Subsequent Event [Member] | American Equity Investment Life Insurance Company [Member] | 3.95% Promissory Note [Member]
Subsequent Event [Line Items]
Debt instrument, maturity date		Feb. 28, 2020
Subsequent Event [Member] | Anchor [Member] | Policy Replacement Agreement
Subsequent Event [Line Items]
Agreement entered date			Feb. 5, 2020
Policies cancellation date			Apr. 1, 2020
Replacement policies, description			The replacement policies will have substantially the same terms and rates as the cancelled polices and will expire on the same dates the cancelled policies would have expired had they not been cancelled. Upon expiration of the replacement policies, HCPCI will offer renewals to those policyholders at its own rates and terms.
Subsequent Event [Member] | HCPCI [Member] | Policy Replacement Agreement
Subsequent Event [Line Items]
Cash bonus payable per $1,000,000 of premium in force			$ 50