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Statutory Accounting and Regulation (Tables)
 9 Months Ended
Sep. 30, 2016
Insurance [Abstract]  
Statutory Accounting Practices
For the three and nine month periods ended September 30, 2016 and 2015, UPC, FSIC, UPC Re and IIC recorded the following amounts of statutory net income (loss).

 
Three Months Ended
 
Nine Months Ended
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
UPC
$
(3,916
)
 
$
2,537

 
$
(13,240
)
 
$
(174
)
UPC Re
$
2,239

 
$
169

 
$
2,988

 
$
249

FSIC
$
(933
)
 
$
1,567

 
$
(750
)
 
$
1,633

IIC (1)
$
986

 
N/A

 
$
9,173

 
N/A

(1) There is not a reportable value for Interboro Insurance Company as of September 30, 2015 as we did not own the company until April 2016. However, the 2016 statutory net income (loss) is inclusive of the activity for the period from January 1 through April 30, 2016.
The table below shows the minimum capital and surplus requirements, as well as the amount of surplus as regards policyholders for our regulated entities at September 30, 2016 and December 31, 2015, respectively.

 
Minimum Requirement
 
September 30, 2016
 
December 31, 2015
     UPC (1)
$
5,000

 
$
127,548

 
$
135,288

     UPC Re
$
100

 
$
9,967

 
$
728

     FSIC
$
3,250

 
$
15,179

 
$
15,572

     IIC
$
4,700

 
$
40,543

 
N/A (2)

(1) UPC is required to maintain capital and surplus equal to the greater of 10% of its total liabilities or $5,000,000.
(2) There is not a reportable value for Interboro Insurance Company as of December 31, 2015 as we did not own the company until April 2016.