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UIHC - United Insurance Holdings EPS beats by $0.24 misses on revenue
United Insurance Holdings Corp.
United Insurance Holdings (UIHC): Q1 GAAP EPS of -$0.45 beats by $0.24.Revenue of $161.8M (-8.2% Y/Y) misses by $20.86M."Premium rate increases continued very strong, with an average 10.4% renewal business and nearly 19% new business achieved in personal lines. Our first quarter catastrophes, including winter storm Uri, caused losses near $24M net of reinsurance, somewhat better than expectations," CEO UPC Insurance Dan Peed commented.Press Release