v3.25.2
INSURANCE OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Insurance [Abstract]  
Schedule of Beginning and Ending Balances and Changes in DPAC, Net of DRCC
The following table presents the beginning and ending balances and the changes in DPAC for the periods presented (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
DPAC, beginning of period$115,830 $106,632 $121,178 $109,985 
Capitalized Costs70,321 66,544 124,428 117,396 
Amortization of DPAC(60,930)(56,032)(120,385)(110,237)
DPAC, end of period$125,221 $117,144 $125,221 $117,144 
Schedule of 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 differs from GAAP, and an amount representing ten percent of total liabilities for each of the Insurance Entities as of the dates presented (in thousands):
June 30, 2025December 31, 2024
Statutory capital and surplus
  UPCIC $417,715 $385,530 
  APPCIC$29,195 $27,985 
Ten percent of total liabilities
  UPCIC$181,530 $161,438 
  APPCIC$3,077 $3,179 
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 June 30, 2025
Six Months Ended June 30,
 2025202420252024
Combined net income (loss) $55,186 $16,982 $46,944 $14,328 
The following table represents assets held by insurance regulators as of the dates presented (in thousands):
June 30, 2025December 31, 2024
Restricted cash and cash equivalents
     Florida
$1,800 $1,800 
     Georgia
35 35 
     North Carolina
800 800 
Total
$2,635 $2,635 
Investments
     Hawaii
$2,935 $2,853 
     Massachusetts
130 127 
     South Carolina
140 137 
     Virginia
335 328 
Total
$3,540 $3,445