v3.26.1
INSURANCE OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
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,
2026202520262025
DPAC, beginning of period$126,159 $115,830 $128,564 $121,178 
Capitalized Costs74,690 70,321 135,697 124,428 
Amortization of DPAC(65,627)(60,930)(129,039)(120,385)
DPAC, end of period$135,222 $125,221 $135,222 $125,221 
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 unaudited 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, 2026December 31, 2025
Statutory capital and surplus
  UPCIC $499,686 $475,952 
  APPCIC$34,332 $33,142 
Ten percent of total liabilities
  UPCIC$186,600 $170,473 
  APPCIC$3,092 $2,664 
The following table summarizes the unaudited 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,Six Months Ended
June 30,
 2026202520262025
Combined net income (loss) $31,834 $55,186 $31,179 $46,944 
The following table represents assets held by insurance regulators as of the dates presented (in thousands):
June 30, 2026December 31, 2025
Restricted cash and cash equivalents
     Florida
$1,800 $1,800 
     Georgia
35 35 
     North Carolina
800 800 
Virginia
— 335 
Total
$2,635 $2,970 
Investments
     Hawaii
$— $2,958 
     Massachusetts
130 130 
     South Carolina
137 139 
     Virginia
332 339 
Total
$599 $3,566