United insurance holdings corp. (UIHC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
REVENUE:
Gross premiums written

335,183

294,763

317,184

449,762

318,559

292,187

295,935

384,662

279,617

252,440

267,219

352,347

168,842

167,103

194,341

210,756

135,956

144,553

155,985

162,582

106,616

113,767

105,065

128,920

89,001

106,702

83,601

103,303

87,746

59,524

59,461

77,928

57,996

43,469

44,266

65,296

50,775

36,017

55,675

Increase (Decrease) in Unearned Premiums

-9,436

-52,242

-27,499

119,737

6,746

-16,227

-8,021

95,021

667

-21,933

-782

90,763

-13,223

-15,119

20,821

46,171

-10,546

5,235

27,252

41,600

-8,566

6,157

4,214

31,697

-6,010

14,908

3,463

28,403

17,870

-3,047

903

23,479

7,320

-5,616

-2,861

21,037

10,409

-3,440

17,431

Gross premiums earned

344,619

347,005

344,683

330,025

311,813

308,414

303,956

289,641

278,950

274,373

268,001

261,584

182,065

182,222

173,520

164,585

146,502

139,318

128,733

120,982

115,182

107,610

100,851

97,223

95,011

91,794

80,138

74,900

69,876

62,571

58,558

54,449

50,676

49,085

47,127

44,259

40,366

39,457

38,244

Ceded premiums earned

153,023

158,651

151,763

139,621

131,091

124,449

132,626

118,335

116,275

108,178

115,507

101,966

74,882

61,061

53,299

50,406

45,132

45,863

44,730

40,530

37,134

36,088

35,741

33,039

30,977

31,505

31,317

28,929

27,579

28,338

28,335

24,727

22,886

24,272

23,267

21,960

21,258

-21,592

-21,944

Net premiums earned

191,596

188,354

192,920

190,404

180,722

183,965

171,330

171,306

162,675

166,195

152,494

159,618

107,183

121,161

120,221

114,179

101,370

93,455

84,003

80,452

78,048

71,522

65,110

64,184

64,034

60,289

48,821

45,971

42,297

34,233

30,223

29,722

27,790

24,813

23,860

22,299

19,108

17,865

16,300

Investment Income, Net

6,917

7,477

7,803

7,570

7,295

7,261

6,621

6,845

5,443

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Investment Income

-

-

-

7,848

-

-

-

7,091

5,686

5,323

4,901

4,637

2,951

2,893

2,663

2,727

2,396

2,487

2,413

2,239

2,073

1,904

1,807

1,617

1,467

1,227

1,089

831

724

752

807

777

747

782

807

700

534

1,037

968

Available-for-sale Securities, Gross Realized Gain (Loss)

-68

1,042

18

-13

181

2,329

-447

-438

211

621

-71

-132

-351

69

106

102

270

515

323

-133

122

4

-69

31

14

70

-38

-149

-12

2,005

37

37

81

46

0

112

0

206

42

Unrealized Gain (Loss) on Securities

-26,456

9,242

2,609

2,737

10,173

-14,346

6,109

1,381

-2,444

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenue

4,315

4,306

4,248

4,078

3,950

-6,469

3,772

3,808

13,999

10,447

13,804

13,950

12,850

7,310

4,212

3,913

3,525

3,570

3,067

2,782

2,153

2,742

1,999

1,872

1,992

1,855

1,945

1,999

1,161

905

1,205

1,028

885

852

826

884

826

891

2,059

Total revenue

176,304

210,421

207,598

204,776

202,321

173,015

187,652

183,148

180,127

182,586

171,128

178,073

122,633

131,433

127,202

120,921

107,561

100,027

89,806

85,340

82,396

76,172

68,847

67,704

67,507

63,441

51,817

48,652

44,170

37,895

32,272

31,564

29,503

26,462

25,493

23,995

20,468

19,999

19,369

EXPENSES:
Losses and loss adjustment expenses

102,837

130,569

148,125

116,252

104,547

122,196

120,552

88,595

77,246

72,137

143,127

86,938

63,333

98,738

72,746

62,611

64,258

46,078

40,432

44,627

51,971

31,472

30,140

28,792

27,673

29,698

25,578

23,007

20,547

19,008

16,950

12,969

9,482

9,462

8,414

12,601

8,384

11,451

8,546

Policy acquisition costs

58,875

59,551

61,849

61,622

55,246

41,351

54,200

50,454

57,135

50,142

46,546

43,320

35,436

33,572

31,333

25,721

27,032

23,261

23,756

21,198

19,186

16,989

17,291

16,197

15,180

14,056

13,115

12,169

11,283

10,342

9,404

8,878

8,253

7,761

7,568

7,181

6,544

6,185

6,161

Operating Costs and Expenses

9,704

-

-

-

10,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses

-

-

12,167

11,199

-

11,614

10,976

9,682

8,318

8,655

6,891

6,257

5,872

5,198

5,558

5,814

3,954

2,637

4,329

4,809

3,541

3,293

3,086

2,858

2,509

2,278

2,265

2,620

2,059

3,770

1,670

1,757

1,433

1,144

1,146

1,503

1,297

769

3,149

General and administrative expenses

18,301

12,501

19,105

16,802

17,581

14,786

15,358

12,643

23,325

22,937

19,316

28,176

11,333

11,197

12,329

11,497

7,933

7,608

8,331

6,512

7,401

6,613

4,709

4,335

4,350

3,864

4,034

3,530

3,124

3,610

3,031

2,300

2,793

2,889

2,368

2,054

2,363

1,910

-

Interest expense

2,419

2,402

2,443

2,527

2,409

2,495

2,455

2,458

2,458

965

771

752

759

326

206

116

75

94

81

68

83

85

98

112

115

112

102

80

73

72

71

129

83

95

142

157

154

155

391

Total expenses

192,136

215,756

243,689

208,402

189,994

192,442

203,541

163,832

168,482

154,836

216,651

165,443

116,733

149,031

122,172

105,759

103,252

79,678

76,929

77,214

82,182

58,452

55,324

52,294

49,827

50,008

45,094

41,406

37,086

36,802

31,126

26,033

22,044

21,351

19,638

23,496

18,742

20,470

18,247

Income (loss) before other income

-15,832

-5,335

-36,091

-3,626

12,327

-19,427

-15,889

19,316

11,645

27,750

-45,523

12,630

5,900

-17,598

5,030

15,162

4,309

20,349

12,877

8,126

214

17,720

13,523

15,410

17,680

13,433

6,723

7,246

7,084

1,093

1,146

5,531

7,459

5,111

5,855

499

1,726

-471

1,122

Other income

28

75

17

21

6

10

19

16

71

59

36

20

38

20

11

48

21

2

107

61

124

61

0

0

16

0

1

0

0

215

1

293

-24

-431

-23

279

0

0

726

Income (loss) before income taxes

-15,804

-5,260

-36,074

-3,605

12,333

-19,417

-15,870

19,332

11,716

27,809

-45,487

12,650

5,938

-17,578

5,041

15,210

4,330

20,351

12,984

8,187

338

17,781

13,523

15,410

17,696

13,433

6,724

7,246

7,084

1,846

1,147

5,238

7,483

5,192

5,878

220

1,726

-471

396

Provision for income taxes

-3,288

2,791

-7,859

-808

2,755

-8,448

-4,163

4,631

3,347

808

-17,475

5,393

2,039

-7,061

1,618

5,369

1,379

6,549

4,901

2,912

140

6,387

4,883

5,820

6,307

6,082

2,593

2,737

2,733

863

164

2,247

2,735

1,967

2,228

131

602

-155

201

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-12,516

-8,051

-28,215

-2,797

9,578

-10,969

-11,707

14,701

8,369

-

-28,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-12,723

-8,158

-28,280

-2,903

9,469

-11,072

-11,708

14,701

8,369

27,001

-28,012

7,257

3,899

-10,517

3,423

9,841

2,951

13,802

8,083

5,275

198

11,394

8,640

9,590

11,389

7,351

4,131

4,509

4,351

983

983

2,991

4,748

3,225

3,650

89

1,124

-316

195

Net Income (Loss) Attributable to Noncontrolling Interest

207

107

65

106

109

103

1

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest

-26

51

101

205

231

138

1

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER COMPREHENSIVE INCOME:
Change in net unrealized gains (losses) on investments

-4,110

-2,195

5,606

10,633

14,322

8,442

-3,354

-3,968

-23,384

138

2,672

4,106

3,731

-10,934

-3,495

7,420

6,380

-1,348

641

-4,892

2,529

1,966

-1,249

3,323

2,327

-222

365

-4,745

369

-440

1,442

966

634

821

2,441

1,091

-62

2,362

684

Reclassification adjustment for net realized investment (gains) losses

-68

1,042

18

-13

181

2,329

-447

-438

211

621

-71

-132

-351

69

106

102

270

515

323

-133

122

4

-69

31

14

70

-38

-149

-12

2,167

37

37

-81

270

0

-112

0

-206

-42

Income tax benefit (expense) related to items of other comprehensive income

-983

-786

1,486

2,429

3,459

1,407

-699

-488

-5,923

-2,026

1,050

1,615

1,542

-4,154

-1,298

2,713

2,361

-720

123

-1,839

930

758

-456

1,272

894

-113

156

-1,775

149

-944

542

359

213

312

941

377

-23

-831

-247

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

-15,575

-10,502

-24,113

5,420

20,260

-6,263

-13,915

11,659

-9,303

-

-26,319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total comprehensive income

-15,549

-10,553

-24,214

5,215

20,029

-6,401

-13,916

11,659

-9,303

28,544

-26,319

9,880

6,439

-17,366

1,120

14,446

6,700

12,659

8,278

2,355

1,675

12,598

7,916

11,610

12,808

7,172

4,378

1,688

4,583

-518

1,846

3,561

5,088

3,719

5,150

691

1,085

1,009

590

Weighted-average shares outstanding
Weighted-average shares outstanding

42,805

42,799

42,795

42,762

42,696

42,694

42,677

42,648

42,581

42,816

42,524

41,799

21,471

21,450

21,448

21,423

21,346

21,574

21,290

21,255

20,752

20,796

20,745

20,735

17,458

16,130

16,129

16,115

16,028

11,345

10,361

10,361

10,361

-

10,361

-

10,573

10,573

10,573

Weighted Average Number of Shares Outstanding, Diluted

42,805

42,509

42,795

42,762

42,986

43,138

42,677

42,790

42,748

43,043

42,741

42,028

21,688

21,645

21,643

21,631

21,537

21,530

21,528

21,508

21,243

20,950

20,843

20,845

17,543

16,231

16,186

16,199

16,115

11,449

10,448

10,361

10,361

-

10,361

-

10,573

10,573

10,573

Earnings Per Share [Abstract]
Basic earnings per share

-0.30

-0.19

-0.66

-0.07

0.22

-0.26

-0.27

0.34

0.20

0.58

-0.66

0.17

0.18

-0.49

0.16

0.46

0.14

0.65

0.38

0.25

0.01

0.53

0.42

0.46

0.65

0.45

0.26

0.28

0.27

0.07

0.09

0.29

0.46

-

0.35

-

0.11

-0.03

0.02

Earnings Per Share, Diluted

-0.30

-0.19

-0.66

-0.07

0.22

-0.26

-0.27

0.34

0.20

0.58

-0.66

0.17

0.18

-0.49

0.16

0.45

0.14

0.64

0.38

0.25

0.01

0.53

0.41

0.46

0.65

0.45

0.26

0.28

0.27

0.07

0.09

0.29

0.46

-

0.35

-

0.11

-0.03

0.02

Weighted average shares outstanding, Basic and Diluted (share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,473

-

-

-

Earnings per share, Basic and Diluted (per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

-

-

-

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

0.06

-

0.06

0.06

0.06

-

0.06

0.06

0.05

0.05

0.05

0.05

0.05

0.04

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.03

0.00

0.00

0.05

0.05

0.00

0.00

0.00

0.00

0.00