Last $25.11 USD
Change Today +0.70 / 2.87%
Volume 188.2K
UIHC On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 1:54 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

united insurance holdings co (UIHC) Snapshot

Open
$24.29
Previous Close
$24.41
Day High
$25.29
Day Low
$24.19
52 Week High
02/6/15 - $28.43
52 Week Low
09/25/14 - $12.91
Market Cap
542.4M
Average Volume 10 Days
453.8K
EPS TTM
$2.07
Shares Outstanding
21.5M
EX-Date
02/25/15
P/E TM
12.2x
Dividend
$0.20
Dividend Yield
0.67%
Current Stock Chart for UNITED INSURANCE HOLDINGS CO (UIHC)

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united insurance holdings co (UIHC) Details

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential property and casualty insurance policies in Florida, Massachusetts, New Jersey, North Carolina, Rhode Island, South Carolina, and Texas. It offers homeowners policies and related coverage accounts; coverage options for standard single-family homeowners, tenants, and condominium unit owners; and flood policies. The company markets and distributes its products through a network of agents. United Insurance Holdings Corp. is based in St. Petersburg, Florida.

118 Employees
Last Reported Date: 02/25/15

united insurance holdings co (UIHC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $689.4K
Chief Financial Officer
Total Annual Compensation: $222.7K
Vice President of Sales & Agency Relations
Total Annual Compensation: $205.3K
Compensation as of Fiscal Year 2013.

united insurance holdings co (UIHC) Key Developments

United Insurance Holdings Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

United Insurance Holdings Corp. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported gross premiums written was $113,767,000 compared to $106,702,000 for the same period a year ago. Gross premiums earned were $107,610,000 compared to $91,794,000 for the same period a year ago. Net premiums earned were $71,522,000 compared to $60,289,000 for the same period a year ago. Total revenues were $76,172,000 compared to $63,441,000 for the same period a year ago. Earnings before income tax was $17,781,000 compared to $13,433,000 for the same period a year ago. Net income was $11,394,000 compared to $7,351,000 for the same period a year ago. Net income per diluted share was $0.55 compared to $0.45 for the same period a year ago. The increase in net income was primarily due to strong growth in gross premiums earned and a decline in losses as a percentage of gross premiums earned. The direct written premiums increased by $13.5 million, or 17.2%, primarily due to the strong organic growth in new and renewal business generated in all states outside of Florida. UPC Insurance augmented its Florida production by assuming policies from Citizens Property Insurance Corporation (Citizens). For the full year, the company reported gross premiums written was $436,753,000 compared to $381,352,000 for the same period a year ago. Gross premiums earned were $400,695,000 compared to $316,708,000 for the same period a year ago. Net premiums earned were $264,850,000 compared to $197,378,000 for the same period a year ago. Total revenues were $280,230,000 compared to $208,080,000 for the same period a year ago. Earnings before income tax was $64,410,000 compared to $34,487,000 for the same period a year ago. Net income was $41,013,000 $20,342,000 for the same period a year ago. Net income per diluted share was $2.05 compared to $1.26 for the same period a year ago. Book value per share was $9.75 compared to $6.64 for the same period a year ago. The increase was driven primarily by continued strong premium growth, a decrease in the ceded reinsurance premium percentage compared to the prior period and a decline in losses as a percentage of gross premium earned. Return on average equity was 27.2% compared to 20.8% for the same period a year ago. The company's direct gross written premiums increased by 23.0%, primarily due to the strong organic growth in new and renewal business generated in all states in which currently write policies, but especially outside Florida which represented nearly 73% of the total growth in direct written premiums.

United Insurance Holdings Corp. Announces Quarterly Cash Dividend, Payable on March 6, 2015

United Insurance Holdings Corp. announced that its Board of Directors declared a cash dividend of $0.05 per share of common stock outstanding. This dividend is a one cent increase over the previous quarter's dividend and will be paid on March 6, 2015 to shareholders of record on February 27, 2015.

United Insurance Holdings Corp. to Report Q4, 2014 Results on Feb 18, 2015

United Insurance Holdings Corp. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 18, 2015

 

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Industry Analysis

UIHC

Industry Average

Valuation UIHC Industry Range
Price/Earnings 11.9x
Price/Sales 1.8x
Price/Book 2.5x
Price/Cash Flow 12.8x
TEV/Sales 1.6x
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