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May 5 , 2021 4:05 PM Eastern Daylight Time United Insurance Holdings Corp. Reports Financial Results for Its First Quarter Ended March 31 , 2021 Share in X ... Company to Host Quarterly Conference Call at 5:00 P.M. ET on May 5 , 2021 The information in this press release should be read in conjunction with an investor presentation that is available on our website at investors.upcinsurance.com/Presentations . ST . PETERSBURG , Fla .-- ( BUSINESS WIRE ) -- United Insurance Holdings Corp. ( Nasdaq : UIHC ) ( UPC Insurance or the Company ) , a property and casualty insurance holding company , today reported its financial results for the first quarter ended March 31 , 2021 . ( $ in thousands , except for per share data ) Gross premiums written Gross premiums earned Net premiums earned Total revenues Loss before income tax 2021 $ 311,638 $ 356,663 $ 145,949 $ 335,183 $ 344,619 $ 191,596 Three Months Ended March 31 , 2020 Change ( 7.0 ) % 3.5 % ( 23.8 ) % $ 161,789 $ 176,304 ( 8.2 ) % $ ( 26,282 ) $ ( 15,804 ) ( 66.3 ) % $ ( 17,771 ) $ ( 12,723 ) ( 39.7 ) % ( 0.41 ) $ ( 0.30 ) ( 36.7 ) % Loss attributable to UIHC Net loss available to UIHC common stockholders per diluted share $ Reconciliation of net loss to core loss : Plus : Non - cash amortization of intangible assets $ 1,043 $ 1,137 ( 8.3 ) % Less : Net realized gains ( losses ) on investment portfolio $ 503 $ ( 68 ) NM Less : Unrealized gains ( losses ) on equity securities $ 2,564 $ ( 26,456 ) NM Less : Net tax impact ( 1 ) $ ( 425 ) $ 5,809 NM Core income ( loss ) ( 2 ) $ ( 19,370 ) $ 9,129 NM Core income ( loss ) per diluted share ( 2 ) $ ( 0.45 ) $ 0.21 NM Book value per share $ 8.32 $ 11.30 ( 26.4 ) % NM = Not Meaningful ( 1 ) ( 2 ) In order to reconcile net loss to the core income ( loss ) measures , we included the tax impact of all adjustments using the 21 % corporate federal tax rate . Core income ( loss ) , and core loss per diluted share , both of which are measures that are not based on GAAP , are reconciled above to net loss and net loss per diluted share , respectively , the most directly comparable GAAP measures . Additional information regarding non - GAAP financial measures presented in this press release can be found in the " Definitions of Non - GAAP Measures " section , below .