United Insurance Holdings Corp. Estimates Catastrophe Losses for Its First Quarter Ended March 31, 2015

ST. PETERSBURG, Fla.–(BUSINESS WIRE)–

United Insurance Holdings Corp. (UIHC) (UPC Insurance or the
Company)
, a property and casualty insurance holding company, today
announced estimated gross catastrophe losses incurred for the first
quarter ended March 31, 2015 of approximately $17 million before income
taxes ($10.6 million, or $0.50 per diluted share after tax). The
Company’s catastrophe losses included over 1,300 claims from a series of
severe winter weather and freeze events in Massachusetts, New Jersey and
Rhode Island between January 28, 2015 and March 31, 2015.

Company Schedules 2015 First Quarter Financial Results and Conference
Call

The Company plans to announce its first quarter 2015 financial results
on Wednesday, April 29, 2015 after the close of the market and will
conduct its quarterly conference call to discuss those results and
review the outlook for the Company at 9:00 a.m. ET on Thursday, April
30, 2015. The Company invites interested parties to participate in the
conference call.

The Company plans to announce its first quarter 2015 financial results
on Wednesday, April 29th, 2015 after the close of the market
and will conduct its quarterly conference call to discuss those results
and review the outlook for the Company at 9:00 a.m. ET on Thursday,
April 30, 2015. The Company invites interested parties to participate in
the conference call.

Webcast

To listen to the live webcast, please go to http://investors.upcinsurance.com
and click on the conference call link at the top of the page, or go to: http://upcinsurance.equisolvewebcast.com/q1-2015.
This webcast will be archived and accessible through the Company’s
website for approximately 30 days following the call.

About UPC Insurance

Founded in 1999, UPC Insurance is an insurance holding company that
sources, writes and services residential property and casualty insurance
policies using a network of independent agents and a group of wholly
owned insurance subsidiaries. United Property & Casualty Insurance
Company, the primary operating subsidiary of UPC Insurance, writes and
services property and casualty insurance in Florida, Louisiana,
Massachusetts, New Jersey, North Carolina, Rhode Island, South Carolina
and Texas, and is licensed to write in Alabama, Connecticut, Delaware,
Georgia, Hawaii, Maryland, Mississippi, New Hampshire, New York and
Virginia. From its headquarters in St. Petersburg, UPC Insurance’s team
of dedicated professionals manages a completely integrated insurance
company, including sales, underwriting, customer service and claims.

Forward-Looking Information

Some of the statements in this release, including those about
estimated catastrophe losses, are “forward-looking statements” as that
term is defined in the Private Securities Litigation Reform Act of 1995
(PSLRA). These forward-looking statements are made pursuant to the safe
harbor provisions of the PSLRA. Actual results may differ materially
from those suggested by the forward-looking statements as a result of
risks and uncertainties, which include, among others, those discussed or
identified from time to time in our public filings with the Securities
and Exchange Commission. UPC Insurance assumes no obligation to update
any forward-looking information set forth in this release, which speaks
as of its date.

Source Article from http://finance.yahoo.com/news/united-insurance-holdings-corp-estimates-211500603.html

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