XML 108 R93.htm IDEA: XBRL DOCUMENT v3.22.4
Insurance Company Subsidiary Operations - Additional Information (Details)
$ in Millions
1 Months Ended 12 Months Ended 13 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
Reinsurer
Dec. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
Sep. 30, 2022
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Ceded rate of premiums under insurance program   100.00%   100.00%  
Ceded unpaid loss $ 63.1 $ 826.2 $ 63.1 $ 826.2  
Prepaid reinsurance premiums 392.2 393.2 392.2 393.2  
Increase (decrease) in loss and loss adjustment expense reserve   0.0 0.0    
Reinsurance recoverable 63.1 831.0 63.1 831.0  
Reserve for losses and loss adjustment expense 63.1 $ 826.2 63.1 826.2  
Number of reinsurers | Reinsurer   2      
Premium net written   $ 38.3      
Net earned premiums   26.4      
Ultimate loss reserve expense inclusive of IBNR claims 63.1 841.1 63.1 841.1  
Hurricane Ian          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Reinsurance recoverable   4.8   4.8  
Reinsurance recoverable for net expected loss   4.9   4.9  
Loss reserve for non-CAT claims   $ 9.7   $ 9.7  
Wright National Flood Insurance Company          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Ceded rate of premiums under insurance program   100.00%   100.00%  
Prepaid reinsurance premiums 392.2 $ 381.8 392.2 $ 381.8  
Expenses and allowance rate received in premiums   29.70%   29.70% 29.90%
Premiums written net   $ 740.9 747.4    
Statutory capital and surplus required   7.5   $ 7.5  
Statutory capital and surplus 33.1 31.8 33.1 $ 31.8  
Statutory net Income   $ 1.3 1.6    
Percentage of adjusted net income   100.00%   100.00%  
Maximum dividend payout that may be made without prior approval   $ 3.2   $ 3.2  
Wright National Flood Insurance Company | Maximum          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Preferred stock, dividend rate, percentage   10.00%      
Wright National Flood Insurance Company | Federal Flood          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Premiums written net   $ 738.0 $ 745.0    
Quota Share Captive          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Prepaid reinsurance premiums   11.4   11.4  
Deferred acquisitions costs   14.1   14.1  
Reinsurance Payable   8.7   8.7  
Reserve for losses and loss adjustment expense   10.4   10.4  
Premium net written   38.3      
Premiums written net   27.1      
Net earned premiums   20.6      
Initial funding $ 5.9        
Addition to current earnings       4.0  
Ultimate loss reserve expense inclusive of IBNR claims   10.4   10.4  
Captive Insurance Facility          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Net earned premiums   5.8      
Loss reserve for non-CAT claims   0.1   0.1  
Maximum Underwriting Exposure   5.2      
Captive Insurance Facility | Hurricane Ian          
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]          
Reserve for losses and loss adjustment expense   4.5   4.5  
Net earned premiums   2.4      
Loss reserve for non-CAT claims   7.0   $ 7.0  
Reserve partially offset by accelerated earned premiums   2.8      
Underwriting loss   $ 1.9