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UIHCA Exhibit 99.1 FOR IMMEDIATE RELEASE UNITED INSURANCE HOLDINGS CORP . REPORTS FINANCIAL RESULTS FOR ITS THIRD QUARTER ENDED SEPTEMBER 30 , 2021 Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 11 , 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 , FL - November 11 , 2021 : 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 third quarter ended September 30 , 2021 . ( $ in thousands , except for per share data ) Nine Months Ended September 30 , 2020 Three Months Ended 2021 Gross premiums written $ 322,493 $ September 30 , 2020 365,819 Change 2021 Change ( 11.8 ) % $ 1,060,555 Gross premiums earned $ 353,461 $ 353,991 Net premiums earned $ 153,271 $ Total revenues $ 162,740 $ Earnings before income tax $ ( 18,600 ) $ Net loss attributable to UIHC $ ( 14,322 ) $ Net loss available to UIHC common stockholders per diluted share $ ( 0.33 ) $ 188,741 212,733 ( 100,553 ) ( 74,072 ) ( 1.73 ) $ 1,140,653 ( 0.1 ) % $ 1,066,557 $ 1,042,749 ( 18.8 ) % $ 444,680 $ 565,819 ( 23.5 ) % $ ( 7.0 ) % 2.3 % ( 21.4 ) % 479,983 $ 605,434 ( 20.7 ) % 81.5 % $ 80.6 % $ 80.9 % $ ( 1.29 ) $ ( 77,655 ) $ ( 86,875 ) ( 55,603 ) $ ( 62,521 ) ( 1.46 ) 10.6 % 11.1 % 11.6 % Reconciliation of net loss to core income loss : Plus : Non - cash amortization of intangible assets $ 812 $ 1,043 Less : Net realized gains on investment portfolio $ 5,537 $ 24,968 ( 22.1 ) % $ 2,744 $ ( 77.8 ) % $ 5,916 $ 3,224 ( 14.9 ) % 24,959 ( 76.3 ) % Less : Unrealized gains ( losses ) on equity securities $ Less : Net tax impact ( 1 ) A GA $ Core loss ( 2 ) ( 3,293 ) $ ( 11,552 ) ( 301 ) $ $ ( 15,453 ) $ 71.5 % $ Core loss per diluted share ( 2 ) $ ( 0.36 ) $ ( 2,598 ) ( 83,847 ) ( 1.95 ) 88.4 % 81.6 % 81.6 % SASASA A $ $ $ 1,709 $ ( 1,025 ) $ ( 59,459 ) $ ( 1.38 ) $ ( 17,456 ) NM ( 898 ) ( 65,902 ) ( 1.54 ) ( 14.1 ) % 9.8 % 10.4 % Book value per share $ 7.42 $ 10.54 ( 29.6 ) % NM = Not Meaningful ( 1 ) In order to reconcile net loss to the core 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 - GAAP financial measures presented in this press release can be found in the " Definitions of Non - GAAP Measures " section , below . " The third quarter was an active hurricane quarter resulting in a modest loss , much reduced from last year and in line with expectations for this continuing transition year , " said Dan Peed , CEO of UPC Insurance . " Over the last year we significantly reduced our gross and net catastrophe exposures , which resulted in a materially reduced hurricane loss for the third quarter . We continue to take steps to improve our underlying profitability including increasing rates , strong exposure management and improved risk selection techniques , as we look forward to a return to a strong underwriting profit . " 1