Welcome to our dedicated page for United Insurance Holdings news (Ticker: UIHC), a resource for investors and traders seeking the latest updates and insights on United Insurance Holdings stock.
United Insurance Holdings Corp. (NASDAQ: UIHC), a specialist in catastrophe-exposed property insurance, maintains this comprehensive news hub for stakeholders. Access official press releases, financial disclosures, and operational updates from the Florida-based insurer serving high-risk coastal markets.
This resource aggregates UIHC's regulatory filings, partnership announcements, and technology initiatives while maintaining strict compliance with financial disclosure standards. Users will find updates on reinsurance strategies, claims management innovations, and market expansion efforts across the Gulf Coast and Eastern Seaboard.
Key content includes quarterly earnings reports, leadership updates, and catastrophe response plans critical for assessing this niche insurer's performance. The curated collection serves investors analyzing coastal exposure risks and homeowners seeking insights into carrier stability.
Bookmark this page for direct access to UIHC's verified communications, including Demotech rating updates and regulatory submissions. Combine with SEC filings and industry analysis for complete due diligence on this specialty property insurer.
United Insurance Holdings Corp. (UIHC) reported disappointing financial results for Q4 and the full year 2022, reflecting severe losses primarily due to Hurricane Ian. For Q4 2022, the company posted a net loss of $294.9 million, or $6.84 per diluted share, compared to a net loss of $2.3 million, or $0.05 per diluted share in Q4 2021. Gross premiums written declined by 14.7% to $229.2 million, driven by reduced personal lines premiums and the transition of some business segments. The total gross written premium for 2022 decreased by 15.4% to $1.12 billion. Book value per share plummeted to $(4.16) from $7.20 in 2021, significantly affecting shareholder equity.
United Insurance Holdings Corp. (Nasdaq: UIHC) plans to release its financial results for the fourth quarter and full year ending
UPC Insurance provides property and casualty insurance across
United Insurance Holdings Corp. (Nasdaq: UIHC) has sold the renewal rights of its personal lines business in Florida to Slide Insurance, Inc. This strategic move accelerates the run-off of UPC Insurance's personal lines portfolio, significantly reducing its liabilities in the state. As of
United Insurance Holdings Corp. (UIHC) reported significant financial losses for Q3 2022, with a net loss of $70.9 million, or $1.65 per share, compared to a $14.3 million loss in Q3 2021. Gross premiums written declined by 20.9%, heavily impacted by Hurricane Ian and the company's withdrawal from personal lines in several states. The combined ratio soared to 165.4%, indicating underwriting challenges. Book value per share plummeted 74.9% to $1.86. CEO Dan Peed emphasized a strategic focus on commercial lines amidst these losses.
