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Aug 4 , 2021 4:05 PM Eastern Daylight Time United Insurance Holdings Corp. Reports Financial Results for Its Second Quarter Ended June 30 , 2021 Share in . . . Company to Host Quarterly Conference Call at 5:00 P.M. ET on August 4 , 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 second quarter ended June 30 , 2021 . ( $ in thousands , except for per share data ) 2021 Three Months Ended June 30 , 2020 Gross premiums written $ 426,424 Gross premiums earned Net premiums earned Total revenues Earnings ( loss ) before income tax $ 356,433 $ 145,460 Net income ( loss ) attributable to UIHC $ 155,454 $ ( 32,773 ) $ 29,482 $ ( 23,510 ) $ 24,274 $ 439,651 $ 344,139 $ 185,482 $ 216,397 Change ( 3.0 ) % 3.6 % ( 21.6 ) % ( 28.2 ) % 2021 Six Months Ended June 30 , Change $ 738,062 $ 713,096 $ 291,409 $ 688,758 $ 377,078 $ 317,243 $ 392,701 2020 $ 774,834 ( 4.7 ) % 3.5 % ( 22.7 ) % ( 19.2 ) % NM $ ( 59,055 ) $ 13,678 NM NM $ ( 41,281 ) $ 11,551 NM Net income ( loss ) available to UIHC common stockholders per diluted share $ ( 0.55 ) $ 0.56 NM $ ( 0.96 ) $ 0.27 NM Reconciliation of net income ( loss ) to core income ( loss ) : Plus : Non - cash amortization of intangible assets $ 889 $ 1,044 ( 14.8 ) % $ 1,932 $ 2,181 ( 11.4 ) % Less : Net realized gains ( losses ) on investment portfolio $ SA ( 124 ) $ 59 NM $ 379 $ ( 9 ) NM Less : Unrealized gains ( losses ) on equity securities Less : Net tax impact ( 1 ) Core income ( loss ) ( 2 ) Core income ( loss ) per diluted share ( 2 ) $ $ 2,438 $ 20,552 $ ( 299 ) $ ( 4,109 ) $ ( 24,636 ) $ 8,816 ( 0.57 ) $ 0.20 ( 88.1 ) % 92.7 % NM NM $ 5,002 $ ( 5,904 ) $ ( 724 ) $ 1,700 $ ( 44,006 ) $ 17,945 $ ( 1.03 ) $ 0.42 NM NM NM NM Book value per share $ 7.85 $ 12.27 ( 36.0 ) % NM = Not Meaningful ( 1 ) In order to reconcile net income ( loss ) to the core income ( loss ) measures , we included the tax impact of all adjustments using the 21 % corporate federal tax rate . ( 2 ) Core income ( loss ) , and core income ( loss ) per diluted share , both of which are measures that are not based on GAAP , are reconciled above to net income ( loss ) and net income ( loss ) per diluted share , respectively , the most directly comparable GAAP measures . Additional information regarding non-