Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Segment Information Reconciled to Consolidated Statements of Income

The following tables present segment information reconciled to the Company’s consolidated statements of income. Intersegment transactions are not eliminated from segment results. However, intracompany transactions are eliminated in segment results below.

	HCPCI
	Insurance			TypTap			Real		Corporate/			Reclassification/
For Three Months Ended March 31, 2022	Operations			Group			Estate (a)		Other (b)			Elimination			Consolidated
Revenue:
Gross premiums earned (c)	$	119,305		$	60,622		$	—	$	—		$	(1,002	)	$	178,925
Premiums ceded		(36,953	)		(16,933	)		—		—			724			(53,162	)
Net premiums earned		82,352			43,689			—		—			(278	)		125,763
Net (loss) income from investment portfolio		(1,457	)		(16	)		—		316			135			(1,022	)
Policy fee income		654			403			—		—			—			1,057
Other		1,247			469			2,403		836			(3,713	)		1,242
Total revenue		82,796			44,545			2,403		1,152			(3,856	)		127,040
Expenses:
Losses and loss adjustment expenses		43,995			28,988			—		—			(279	)		72,704
Amortization of deferred policy acquisition costs		19,102			9,422			—		—			—			28,524
Other policy acquisition expenses		663			283			—		—			—			946
Stock-based compensation expense		1,144			885			—		2,308			—			4,337
Interest expense		—			200			227		374			(200	)		601
Depreciation and amortization		114			561			605		172			(623	)		829
Personnel and other operating expenses		7,318			7,493			1,307		1,734			(2,754	)		15,098
Total expenses		72,336			47,832			2,139		4,588			(3,856	)		123,039
Income (loss) before income taxes	$	10,460		$	(3,287	)	$	264	$	(3,436	)	$	—		$	4,001
Total revenue from non-affiliates (d)	$	81,733		$	44,823		$	2,064	$	449
Gross premiums written	$	91,141		$	86,153

(a)Other revenue under real estate primarily consisted of rental income from investment properties.

(b)Other revenue under corporate and other primarily consisted of revenue from marina business.

(c)Gross premiums earned consist of $118,303 from HCPCI and $1,002 from a reinsurance company.

(d)Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.

	HCPCI
	Insurance			TypTap			Real		Corporate/			Reclassification/
For Three Months Ended March 31, 2021	Operations			Group			Estate (a)		Other (b)			Elimination			Consolidated
Revenue:
Gross premiums earned (c)	$	104,521		$	28,811		$	—	$	—		$	(2,390	)	$	130,942
Premiums ceded		(35,980	)		(9,509	)		—		—			2,390			(43,099	)
Net premiums earned		68,541			19,302			—		—			—			87,843
Net income from investment portfolio		880			336			—		1,495			2,727			5,438
Policy fee income		712			258			—		—			—			970
Other		521			175			5,134		560			(5,767	)		623
Total revenue		70,654			20,071			5,134		2,055			(3,040	)		94,874
Expenses:
Losses and loss adjustment expenses		33,439			12,312			—		—			—			45,751
Amortization of deferred policy acquisition costs		12,747			4,637			—		—			—			17,384
Other policy acquisition expenses		4,824			1,041			—		—			(184	)		5,681
Stock-based compensation expense		761			367			—		1,214			—			2,342
Interest expense		—			90			482		1,752			(245	)		2,079
Depreciation and amortization		20			288			587		176			(633	)		438
Personnel and other operating expenses		5,058			5,122			1,201		1,694			(1,978	)		11,097
Total expenses		56,849			23,857			2,270		4,836			(3,040	)		84,772
Income (loss) before income taxes	$	13,805		$	(3,786	)	$	2,864	$	(2,781	)	$	—		$	10,102
Total revenue from non-affiliates (d)	$	70,200		$	20,379		$	4,795	$	1,524
Gross premiums written	$	80,988		$	44,890

(a)Other revenue under real estate primarily consisted of rental income from investment properties.

(b)Other revenue under corporate and other primarily consisted of revenue from marina business.

(c)Gross premiums earned consist of $102,131 from HCPCI and $2,390 from a reinsurance company.

(d)Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.

Summary of Segment Assets Reconciled to Consolidated Balance Sheet

The following table presents segment assets reconciled to the Company’s total assets on the consolidated balance sheets:

	March 31,			December 31,
	2022			2021
Segments:
HCPCI Insurance Operations	$	637,294		$	676,509
TypTap Group		403,557			369,600
Real Estate Operations		128,067			127,651
Corporate and Other		74,145			65,349
Consolidation and Elimination		(67,813	)		(62,252	)
Total assets	$	1,175,250		$	1,176,857