Statutory Accounting and Regulation (Tables)

6 Months Ended

Jun. 30, 2017

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 June 30, 2017 and December 31, 2016, respectively.



	Minimum Requirement		June 30, 2017		December 31, 2016
UPC ⁽¹⁾	$	46,614	$	153,111	$	155,587
ACIC ⁽¹⁾⁽²⁾	$	17,828	$	155,979	N/A
FSIC	$	3,250	$	18,804	$	16,269
IIC	$	4,700	$	45,442	$	40,442

⁽¹⁾ UPC and ACIC are required to maintain capital and surplus equal to the greater of 10% of their total liabilities or $5,000,000.

For the three and six month periods ended June 30, 2017 and 2016, UPC, ACIC, FSIC and IIC recorded the following amounts of statutory net income (loss).



	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
UPC	$	(5,940	)	$	(8,152	)	$	(11,979	)	$	(9,324	)
ACIC ⁽¹⁾	$	5,694		N/A			$	11,814		N/A
FSIC	$	(2,200	)	$	87		$	737		$	183
IIC	$	1,939		5,837			$	4,018		8,187

⁽¹⁾ There is not a reportable value for ACIC for the three and six months ended June 30, 2016 as we did not own the company until April 2017.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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