United Insurance Holdings (UIHC) Reports Q4 Loss of $0.02, Revenues Beat

United Insurance Holdings (NASDAQ: UIHC) reported Q4 EPS of ($0.02), versus $0.00 reported last year. Revenue for the quarter came in at $181 million versus the consensus estimate of $172.29 million.

"As expected, we had a lot of noise in our Q4 results due to Hurricane Michael and other cat events, as well as the impact of the new accounting rule about unrealized equity losses," said John Forney, President and CEO of UPC Insurance. "But, we improved our underlying combined ratio by over 600 basis points compared to a year ago, and, absent the factors mentioned earlier, we would have produced better pre-tax income than last year\'s Q4, when we had a cat-free quarter and produced our best results ever. We have a lot of positive momentum entering 2019, and the year is off to a good start."

For earnings history and earnings-related data on United Insurance Holdings (UIHC) click here.

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