United Insurance Holdings (UIHC) Misses Q1 EPS by 9c

United Insurance Holdings (NASDAQ: UIHC) reported Q1 EPS of $0.22, $0.09 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $202.32 million versus the consensus estimate of $186.03 million.

"Premium growth was strong in Q1 across our book of business in both personal lines and commercial lines, and we wrote our first policies in Journey, our newly-formed AM Best-rated carrier," said John Forney, President & CEO of UPC Insurance. "While elevated levels of both cat and noncat losses hurt our operating results in Q1, I am confident that our earnings power is better than it has ever been, and we are looking forward to the remainder of 2019."

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

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