United swings to $19.4mn loss on winter storm claims and $30mn reserve charge
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United swings to $19.4mn loss on winter storm claims and $30mn reserve charge

John Hewitt Jones
May 05, 2021
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United Insurance Holdings logo florida.jpg

United Insurance Holdings reported a core after-tax loss of $19.4mn for the first quarter of 2021, as elevated natural catastrophe claims from Winter Storm Uri and a $30mn reserve charge weighed on the carrier’s results.

Core income reported for the period fell from a profit of $9.1mn in the prior-year period, and the carrier’s combined ratio deteriorated by 28.2

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