Insurance Operations (Tables)

3 Months Ended

Mar. 31, 2020

Insurance [Abstract]

Beginning and Ending Balances and Changes in DPAC

The following table presents the beginning and ending balances and the changes in DPAC for the periods presented (in thousands):

	Three Months Ended March 31,
	2020		2019
DPAC, beginning of period	$	91,882	$	84,686
Capitalized Costs	48,508		41,520
Amortization of DPAC	(46,036)		(42,922)
DPAC, end of period	$	94,354	$	83,284

Statutory Capital and Surplus, and an Amount Representing Ten Percent of Total Liabilities for both UPCIC and APPCIC

The following table presents the amount of capital and surplus calculated in accordance with statutory accounting principles, which differ from U.S. GAAP, and an amount representing ten percent of total liabilities for the Insurance Entities as of the dates presented (in thousands):

	March 31, 2020		December 31, 2019
Statutory capital and surplus
UPCIC	$	296,467	$	301,120
APPCIC	$	16,319	$	16,433
Ten percent of total liabilities
UPCIC	$	101,715	$	99,228
APPCIC	$	735	$	621

Through PSI, the Insurance Entities’ parent company, UVE recorded contributions for the periods presented (in thousands):

	Three Months Ended March 31,
	2020		2019
Capital contributions	$	30,000	$	—

The following table summarizes combined net income (loss) for the Insurance Entities determined in accordance with statutory accounting practices for the periods presented (in thousands):

	Three Months Ended March 31,
	2020		2019
Combined net income (loss)	$	(3,234)	$	7,623

The Insurance Entities are required by various state laws and regulations to maintain certain assets in depository accounts. The following table represents assets held by insurance regulators as of the dates presented (in thousands):

	March 31, 2020		December 31, 2019
Restricted cash and cash equivalents	$	2,635	$	2,635
Investments	$	3,572	$	3,419