United swings to $19.4mn loss on winter storm claims and $30mn reserve charge
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

John Hewitt Jones
May 05, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
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

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Florida American Coastal Earnings
JJ
John Hewitt Jones
Gift this article