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Schedule II - Condensed Financial Information
 12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Condensed Balance Sheets
 
 
 
 
 
December 31,
 
2015
 
2014
Assets
 
 
 
Fixed maturities, available for sale, at fair value
$
8,157

 
$
—

Equity securities, available for sale, at fair value
26,343

 
—

Cash and cash equivalents
11,555

 
4,097

Accrued investment income
3

 
—

Investment in subsidiaries
195,940

 
201,584

Property and equipment, net
6,838

 
3,583

Other assets
2

 
651

Total Assets
$
248,838

 
$
209,915

 
 
 
 
Liabilities
 
 
 
Intercompany payable
$
8,657

 
$
6,100

Other liabilities
970

 
52

Total Liabilities
9,627

 
6,152

 
 
 
 
Stockholders' Equity
 
 
 
Common stock
2

 
2

Additional paid-in capital
97,163

 
82,380

Treasury stock
(431
)
 
(431
)
Accumulated other comprehensive income
1,620

 
4,011

Retained earnings
140,857

 
117,801

Total Stockholders' Equity
239,211

 
203,763

Total Liabilities and Stockholders' Equity
$
248,838

 
$
209,915


SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT, CONTINUED
Condensed Statements of Comprehensive Income
 
 
 
 
 
 
 
Years Ended December 31,
 
2015
 
2014
 
2013
Revenues
 
 
 
 
 
Net income from subsidiaries (equity method)
$
27,562

 
$
40,108

 
$
20,786

Net realized investment gain
951

 
—

 
—

Net investment income
239

 
—

 
—

Total revenues
28,752

 
40,108

 
20,786

 
 
 
 
 
 
Expenses
 
 
 
 
 
Operating and underwriting
138

 
86

 
42

General and administrative
1,252

 
130

 
120

Interest expense
—

 
—

 
1

Total expenses
1,390

 
216

 
163

Income before other income
27,362

 
39,892

 
20,623

Other income
245

 
61

 
—

Income before income taxes
27,607

 
39,953

 
20,623

Provision for income tax expense (benefit)
249

 
(1,060
)
 
281

Net income
$
27,358

 
$
41,013

 
$
20,342

Unrealized loss on investments
25
 
—

 
—

Reclassification adjustments - gain
(951
)
 
—

 
—

Income tax benefit (expense) related to other items of comprehensive income
(357
)
 
—

 
—

Total Comprehensive Income
$
26,075

 
$
41,013

 
$
20,342


SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT, CONTINUED
Condensed Statements of Cash Flows
 
 
 
 
 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
OPERATING ACTIVITIES
 
 
 
 
 
Net income
$
27,358

 
$
41,013

 
$
20,342

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 
 
 
 
Depreciation and amortization
74

 
—

 
—

Net realized investment gains
(951
)
 
—

 
—

Deferred income taxes, net
126

 
(44
)
 
(49
)
Stock based compensation
1,974

 
649

 
133

Changes in operating assets and liabilities:
 
 
 
 
 
Accrued investment income
(3
)
 
—

 
—

Other assets
450

 
(548
)
 
58

Intercompany payable
2,557

 
(47,033
)
 
(1,687
)
Other liabilities
918

 
(352
)
 
341

Net cash provided by (used in) operating activities
32,503

 
(6,315
)
 
19,138

INVESTING ACTIVITIES
 
 
 
 
 
Proceeds from sales of investments available for sale
19,633

 
—

 
—

Purchases of investments available for sale
(53,212
)
 
—

 
—

Additional investment in subsidiaries
16,276

 
(36,608
)
 
(20,785
)
Cost of property and equipment acquired
(3,255
)
 
(3,583
)
 
—

Net cash used in investing activities
(20,558
)
 
(40,191
)
 
(20,785
)
FINANCING ACTIVITIES
 
 
 
 
 
Tax withholding payment related to net settlement of equity awards
(185
)
 
(110
)
 
—

Dividends
(4,302
)
 
(3,336
)
 
(1,944
)
Proceeds from offering
—

 
54,041

 
3,591

Net cash provided by financing activities
(4,487
)
 
50,595

 
1,647

Increase in cash
7,458

 
4,089

 
—

Cash and cash equivalents at beginning of period
4,097

 
8

 
8

Cash and cash equivalents at end of period
$
11,555

 
$
4,097

 
$
8




Notes to Condensed Financial Statements - Basis of Presentation

The Company's investment in subsidiaries is stated at cost plus equity in the undistributed earnings of subsidiaries since the date of acquisition. The Company's share of net income of its subsidiaries is included in income using the equity method. These financial statements should be read in conjunction with UPC Insurance's consolidated financial statements.