Connect with us

UPC Insurance slips into the red in Q2

August 1, 2019 - United Insurance Holdings Corp. (Nasdaq: UIHC), a property and casualty insurer in St. Petersburg, reported a net loss of $2.9 million, or 7 cents a share, on revenue of $204.8 million in the second quarter of 2019. "This was a tough quarter for us, the first of my 29 quarters as CEO of UPC that we posted a loss without any hurricane activity," John Forney, president and CEO, said in a conference call with analysts. He said recent and pending rate increases and other initiatives should help the company get back on track.

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us:

Subscribe for Free

Share with friend

Enter the details of the person you want to share this article with.