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UNITED INSURANCE HOLDINGS CORP. (UIHC)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Peronsal Lines Reporting Segment | | 179.4 | 217.5 | 240.3 | | | | |
| Personal Lines Reporting Segment | | 455.1 | 626.5 | 579.5 | | | | |
| Adjustments and Reconciling Items | | 0.0 | 2.7 | 5.3 | | | | |
| Total revenues | 455.4 | 634.5 | 846.7 | 825.1 | 723.9 | 654.4 | 487.1 | 357.6 |
| Revenue growth | -28.2% | -25.1% | 2.6% | 14.0% | 10.6% | 34.3% | 36.2% | 27.6% |
| Loss and loss adjustment expenses | 637.6 | 422.1 | 608.3 | 499.5 | 408.6 | 365.5 | 298.4 | 183.1 |
| Policy acquisition costs | 154.2 | 173.6 | 236.0 | 238.3 | 203.1 | 175.4 | 117.7 | 87.4 |
| Investment expenses | | 1.1 | 1.4 | 1.1 | 1.0 | 0.7 | 0.6 | 0.3 |
| Other operating expenses | 96.6 | 112.2 | 123.5 | 109.1 | 105.6 | 108.6 | 62.8 | 44.6 |
| General and administrative | 63.3 | 57.2 | 72.1 | 66.0 | 66.1 | 81.8 | 43.0 | 29.9 |
| EBITDA | | -72.3 | -121.1 | -20.7 | 14.1 | 38.3 | 18.6 | 44.9 |
| EBITDA margin | | -11.4% | -14.3% | -2.5% | 2.0% | 5.9% | 3.8% | 12.6% |
| Depreciation | | 11.8 | 11.0 | 12.0 | 18.5 | 37.5 | 11.7 | 3.3 |
| EBIT | -422.6 | -84.0 | -132.2 | -32.7 | -4.4 | 0.8 | 6.9 | 41.6 |
| EBIT margin | -92.8% | -13.2% | -15.6% | -4.0% | -0.6% | 0.1% | 1.4% | 11.6% |
| Interest income, net [+] | -9.6 | 4.4 | 14.5 | 20.4 | 16.3 | 13.9 | -0.7 | -0.3 |
| Interest expense | 9.6 | 9.4 | 9.6 | 9.8 | 9.9 | 3.2 | 0.7 | 0.3 |
| Interest income | | 13.8 | 24.1 | 30.1 | 26.2 | 17.1 | | |
| Other income (expense), net | -10.4 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.3 |
| Pre-tax income | -442.6 | -83.9 | -132.1 | -32.6 | -4.2 | 0.9 | 7.0 | 41.9 |
| Income taxes | 25.5 | -24.0 | -36.6 | -3.1 | -4.6 | -9.2 | 1.3 | 14.5 |
| Tax rate | | 28.6% | 27.7% | 9.6% | 109.3% | | 18.6% | 34.6% |
| Minority interest | | -1.9 | 1.0 | 0.4 | 0.1 | | | |
| Net income | -468.1 | -57.9 | -96.5 | -29.9 | 0.3 | 10.1 | 5.7 | 27.4 |
| Net margin | -102.8% | -9.1% | -11.4% | -3.6% | 0.0% | 1.6% | 1.2% | 7.7% |
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| Basic EPS | ($10.87) | ($1.35) | ($2.25) | ($0.70) | $0.01 | $0.27 | $0.27 | $1.29 |
| Diluted EPS | ($10.87) | ($1.35) | ($2.25) | ($0.70) | $0.01 | $0.27 | $0.26 | $1.28 |
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| Shares outstanding (basic) | 43.1 | 42.9 | 42.9 | 42.8 | 42.7 | 37.2 | 21.4 | 21.2 |
| Shares outstanding (diluted) | 43.1 | 42.9 | 42.9 | 42.8 | 42.8 | 37.4 | 21.6 | 21.5 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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