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