United Insurance Holdings (UIHC) Misses Q3 EPS by 7c, Revenues Beat

United Insurance Holdings (NASDAQ: UIHC) reported Q3 EPS of ($0.68), $0.07 worse than the analyst estimate of ($0.61). Revenue for the quarter came in at $207.6 million versus the consensus estimate of $192.36 million.

"We recorded solid improvements in our underlying loss and combined ratios during the quarter, while continuing to grow our book at an annualized rate of over 10%," said John Forney, President & CEO of UPC Insurance. "However, we booked over $1.00 per share in after-tax CAT losses from a combination of current and prior year events, which explains our poor results. We're still in strong financial shape and I'm confident that the rate and underwriting actions working their way through our book will enable us to finish strong this year and into 2020."

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

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