UPC cuts Q4 losses on higher ceded premiums
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UPC cuts Q4 losses on higher ceded premiums

Martha Muir
February 24, 2022
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Florida insurer United Insurance Holdings (UPC Insurance) reported a $2.3mn Q4 loss on a 27.4% drop in net earned premiums.

This was nevertheless an improvement on the $33.9mn loss reported in the Q4 2020 result, which was impacted by higher hurricane losses.

Losses:

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