United Insurance Holdings Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $734,000 or $0.07 per basic and diluted share on net premiums written of $31,700,000 against net income of $8,878,000 or $0.84 per basic share and $0.75 per diluted share on net premiums written of $33,264,000 for the same period a year ago. Loss before income taxes of $1,427,000 compared to income before income taxes of $8,811,000 for the same period a year ago. For the nine months, the company reported net income of $5,238,000 or $0.50 per basic and diluted share on net premiums written of $38,904,000 against net income of $26,570,000 or $2.52 per basic share and $2.26 per diluted share on net premiums written of $50,307,000 for the same period a year ago. Income before income taxes of $8,202,000 compared to $30,662,000 for the same period a year ago. Book value per share increased 17% to $4.77 at September 30, 2009, compared to $4.07 at December 31, 2008. Quarterly dividend of $0.05 per share was approved by the Board of Directors and will be payable on December 15, 2009 to shareholders of record on November 30, 2009.

United Insurance Holdings Corp., Q3 2009 Earnings Call, Nov-13-2009

United Insurance Holdings Corp. reported its unaudited financial results for the three-and six-month period ended June 30, 2009. For the second quarter, the Company generated net income of $2.8 million or $0.27 per diluted share, compared to net income of $9.2 million, or $0.78 per diluted share, for the same period last year. Revenue was $26.32 million compared to $24.94 million in the previous year period. Income before income tax was $4.63 million compared to $11.30 million in the previous year period. For the six-month period ended June 30, 2009, the Company generated net income of $6.0 million, or $0.57 per diluted share, compared to net income of $17.7 million, or $1.50 per diluted share, for the same period last year. The decrease in net income for the three-and six-month periods ended June 30, 2009, was primarily the result of increased losses and LAE in the second quarter, increased reinsurance costs that took effect in June, and policy assumption bonuses that United received from Citizens during 2008. Revenue was $48.30 million compared to $51.39 million in the previous year period. Income before income tax was $9.63 million compared to $21.85 million in the previous year period. Book value per share increased 16% to $4.73 at June 30, 2009, compared to $4.07 at December 31, 2008. The company also announced that quarterly dividend of $0.05 per share was approved by the Board of Directors and will be payable on September 15, 2009 to shareholders of record on August 31, 2009.