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United Insurance Holdings

Nasdaq:UIHC
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UIHC
Nasdaq
$585M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The last earnings update was 70 days ago. More info.


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UIHC Share Price and Events
7 Day Returns
-6.1%
NasdaqCM:UIHC
-0.7%
US Insurance
-0.3%
US Market
1 Year Returns
-33%
NasdaqCM:UIHC
13.4%
US Insurance
3.4%
US Market
UIHC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Insurance Holdings (UIHC) -6.1% -5.7% -16.9% -33% -16% -16.1%
US Insurance -0.7% 2.6% 8.8% 13.4% 38.5% 50.1%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • UIHC underperformed the Insurance industry which returned 13.4% over the past year.
  • UIHC underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
UIHC
Industry
5yr Volatility vs Market

Value

 Is United Insurance Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for United Insurance Holdings. This is due to cash flow or dividend data being unavailable. The share price is $13.61.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for United Insurance Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are United Insurance Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:UIHC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.03
NasdaqCM:UIHC Share Price ** NasdaqCM (2019-07-18) in USD $13.61
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 17.55x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of United Insurance Holdings.

NasdaqCM:UIHC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:UIHC Share Price ÷ EPS (both in USD)

= 13.61 ÷ 0.03

417.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Insurance Holdings is overvalued based on earnings compared to the US Insurance industry average.
  • United Insurance Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does United Insurance Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:UIHC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 417.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
48.6%per year
United States of America Insurance Industry PEG Ratio Median Figure of 62 Publicly-Listed Insurance Companies 1.83x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqCM:UIHC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 417.89x ÷ 48.6%

8.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Insurance Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on United Insurance Holdings's assets?
Raw Data
NasdaqCM:UIHC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.58
NasdaqCM:UIHC Share Price * NasdaqCM (2019-07-18) in USD $13.61
United States of America Insurance Industry PB Ratio Median Figure of 118 Publicly-Listed Insurance Companies 1.24x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NasdaqCM:UIHC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:UIHC Share Price ÷ Book Value per Share (both in USD)

= 13.61 ÷ 12.58

1.08x

* Primary Listing of United Insurance Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Insurance Holdings is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess United Insurance Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. United Insurance Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is United Insurance Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Insurance Holdings expected to grow at an attractive rate?
  • United Insurance Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • United Insurance Holdings's earnings growth is expected to exceed the United States of America market average.
  • United Insurance Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:UIHC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:UIHC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 48.6%
NasdaqCM:UIHC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.2%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:UIHC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:UIHC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 995 84 2
2020-12-31 883 59 2
2019-12-31 815 49 3
NasdaqCM:UIHC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 746 14 1
2018-12-31 724 10 0
2018-09-30 734 43 38
2018-06-30 717 35 22
2018-03-31 712 3 15
2017-12-31 654 14 10
2017-09-30 603 61 -27
2017-06-30 559 72 4
2017-03-31 502 20 7
2016-12-31 487 66 6
2016-09-30 456 104 30
2016-06-30 418 97 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United Insurance Holdings's earnings are expected to grow significantly at over 20% yearly.
  • United Insurance Holdings's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:UIHC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from United Insurance Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:UIHC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.94 2.05 1.83 2.00
2020-12-31 1.37 1.48 1.26 2.00
2019-12-31 1.14 1.22 1.09 3.00
NasdaqCM:UIHC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.03
2018-12-31 0.01
2018-09-30 0.90
2018-06-30 0.52
2018-03-31 0.34
2017-12-31 0.27
2017-09-30 -0.86
2017-06-30 0.15
2017-03-31 0.31
2016-12-31 0.27
2016-09-30 1.40
2016-06-30 1.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • United Insurance Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess United Insurance Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
United Insurance Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has United Insurance Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare United Insurance Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • United Insurance Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • United Insurance Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • United Insurance Holdings's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
United Insurance Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from United Insurance Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:UIHC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 746.14 1.39 102.85
2018-12-31 723.94 0.29 106.70
2018-09-30 733.51 38.36 111.80
2018-06-30 716.99 22.06 111.66
2018-03-31 711.91 14.62 116.88
2017-12-31 654.42 10.15 102.44
2017-09-30 603.27 -27.37 87.11
2017-06-30 559.34 4.06 78.80
2017-03-31 502.19 6.65 68.57
2016-12-31 487.12 5.70 63.26
2016-09-30 455.71 30.02 57.33
2016-06-30 418.32 34.68 52.10
2016-03-31 382.73 30.11 46.11
2015-12-31 357.57 27.36 45.17
2015-09-30 333.71 24.95 44.83
2015-06-30 312.76 25.51 39.96
2015-03-31 295.12 29.82 35.84
2014-12-31 280.23 41.01 31.75
2014-09-30 267.50 36.97 27.99
2014-06-30 250.47 32.46 26.49
2014-03-31 231.42 27.38 25.45
2013-12-31 208.08 20.34 23.77
2013-09-30 182.53 13.97 25.01
2013-06-30 162.99 10.83 23.41
2013-03-31 145.90 9.31 21.32
2012-12-31 131.23 9.71 20.36
2012-09-30 120.10 11.95 17.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • United Insurance Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • United Insurance Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • United Insurance Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess United Insurance Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
United Insurance Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is United Insurance Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up United Insurance Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • United Insurance Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • United Insurance Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of United Insurance Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from United Insurance Holdings Company Filings, last reported 3 months ago.

NasdaqCM:UIHC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 558.96 159.82 131.80
2018-12-31 540.37 160.12 112.68
2018-09-30 548.88 160.71 240.95
2018-06-30 544.73 160.72 208.68
2018-03-31 535.08 161.01 216.70
2017-12-31 537.13 161.36 229.56
2017-09-30 501.22 53.12 280.57
2017-06-30 529.46 53.77 254.47
2017-03-31 247.11 53.82 124.52
2016-12-31 241.33 54.18 150.69
2016-09-30 259.48 25.13 139.86
2016-06-30 259.16 25.49 136.51
2016-03-31 245.19 12.06 126.71
2015-12-31 239.21 12.35 84.79
2015-09-30 227.18 12.65 84.64
2015-06-30 219.46 12.94 106.05
2015-03-31 217.75 13.24 70.66
2014-12-31 203.76 13.53 61.39
2014-09-30 191.58 13.82 83.32
2014-06-30 184.39 14.12 79.74
2014-03-31 173.65 14.41 57.15
2013-12-31 107.59 14.71 34.89
2013-09-30 100.86 15.00 54.32
2013-06-30 96.93 15.29 50.82
2013-03-31 95.70 15.59 64.91
2012-12-31 87.99 15.88 71.21
2012-09-30 64.99 16.18 90.89
  • United Insurance Holdings's level of debt (28.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.3% vs 28.6% today).
  • Debt is not well covered by operating cash flow (9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess United Insurance Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. United Insurance Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is United Insurance Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.76%
Current annual income from United Insurance Holdings dividends. Estimated to be 1.78% next year.
If you bought $2,000 of United Insurance Holdings shares you are expected to receive $35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • United Insurance Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • United Insurance Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:UIHC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:UIHC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.24 1.00
2020-12-31 0.25 2.00
2019-12-31 0.24 2.00
NasdaqCM:UIHC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.240 1.587
2018-11-07 0.240 1.403
2018-11-01 0.240 1.285
2018-08-03 0.240 1.158
2018-08-01 0.240 1.140
2018-02-22 0.240 1.212
2017-11-08 0.240 1.372
2017-08-08 0.240 1.505
2017-02-24 0.240 1.518
2016-11-09 0.240 1.641
2016-08-09 0.240 1.605
2016-05-05 0.240 1.436
2016-02-22 0.200 1.149
2015-11-05 0.200 1.183
2015-08-05 0.200 1.425
2015-05-07 0.200 1.291
2015-02-09 0.200 0.908
2014-11-04 0.160 0.756
2014-08-04 0.160 1.015
2014-05-01 0.160 0.957
2014-02-24 0.160 1.089
2013-11-06 0.120 1.008
2013-08-08 0.120 1.434
2013-05-08 0.120 1.764
2013-03-06 0.120 2.080
2012-12-18 0.120 2.081
2012-11-15 0.000 0.000
2012-08-08 0.000 0.000
2012-03-15 0.200 3.770
2011-11-10 0.200 4.196
2011-10-03 0.000 0.000
2011-05-16 0.000 0.000
2011-03-18 0.000 0.000
2010-11-10 0.000 0.000
2010-08-09 0.000 0.000
2010-05-13 0.000 0.000
2009-12-10 0.200 5.331
2009-08-17 0.200 4.728
2009-05-15 0.200 4.228

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of United Insurance Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (6.8x coverage).
X
Income/ dividend checks
We assess United Insurance Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can United Insurance Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. United Insurance Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of United Insurance Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Forney
COMPENSATION $3,269,357
AGE 57
TENURE AS CEO 7.1 years
CEO Bio

Mr. John Leslie Forney has served as Chief Executive Officer and a Director of United Insurance Holdings Corporation since June 2012. Mr. Forney serves as Chief Executive Officer, President and Director of United Property & Casualty Insurance Company. He has over 21 years of executive experience in a variety of industries, primarily financial services. From 1996 to 1999 and from 2002 until June 2012, Mr. Forney served in a number of different capacities at Raymond James, a diversified financial services company based in St. Petersburg, Florida. His last position there was as Managing Director of the Public Finance Department. During his tenure at Raymond James, he developed special expertise in the property insurance sector through his work with government-sponsored insurance entities in Florida, California, Louisiana, and Texas, as well as a major national insurance industry consortium. He has been a frequent speaker at insurance industry conferences and has testified on insurance industry issues for legislatures in Florida, Texas, New Jersey, New York, and California. Mr. Forney holds a B.A. in Economics from Princeton University and an M.B.A. in finance from the Wharton School at the University of Pennsylvania, where he was the recipient of a Morgenthau Public Policy Fellowship. He also holds the Chartered Financial Analyst designation, and is a former Infantry Officer and graduate of the U.S Army's Ranger School, the military's most challenging course for combat leaders.

CEO Compensation
  • John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • John's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the United Insurance Holdings management team in years:

3
Average Tenure
51
Average Age
  • The tenure for the United Insurance Holdings management team is about average.
Management Team

John Forney

TITLE
President
COMPENSATION
$3M
AGE
57
TENURE
7.1 yrs

Brad Martz

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
48
TENURE
6.8 yrs

Paul DiFrancesco

TITLE
Chief Operating Officer
COMPENSATION
$775K
AGE
61
TENURE
1.9 yrs

Deepak Menon

TITLE
Chief Revenue Officer
COMPENSATION
$946K
AGE
47
TENURE
3.6 yrs

Scott St. John

TITLE
Chief Claims Officer
COMPENSATION
$690K
AGE
51
TENURE
2.9 yrs

Chris Griffith

TITLE
VP & Chief Information Officer
AGE
43
TENURE
0.8 yrs

Brad Kalter

TITLE
General Counsel
AGE
52
TENURE
0.4 yrs

Louisa Dulin

TITLE
Interim Vice President of Claims
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the United Insurance Holdings board of directors in years:

6.6
Average Tenure
69
Average Age
  • The tenure for the United Insurance Holdings board of directors is about average.
Board of Directors

Greg Branch

TITLE
Chairman of the Board
COMPENSATION
$904K
AGE
71
TENURE
10.8 yrs

John Forney

TITLE
President
COMPENSATION
$3M
AGE
57
TENURE
7.1 yrs

Dan Peed

TITLE
Non-Executive Vice Chairman of the Board
COMPENSATION
$149K
AGE
56
TENURE
2.3 yrs

Alec Poitevint

TITLE
Lead Director
COMPENSATION
$184K
AGE
71
TENURE
1.9 yrs

Kent Whittemore

TITLE
Director
COMPENSATION
$184K
AGE
71
TENURE
10.8 yrs

Kern Davis

TITLE
Director
COMPENSATION
$184K
AGE
64
TENURE
7.3 yrs

Sherrill Hudson

TITLE
Director
COMPENSATION
$194K
AGE
76
TENURE
6.2 yrs

William Hood

TITLE
Director
COMPENSATION
$174K
AGE
58
TENURE
7.3 yrs

Mike Hogan

TITLE
Director
COMPENSATION
$149K
AGE
69
TENURE
2.3 yrs

Patrick Maroney

TITLE
Director
COMPENSATION
$149K
AGE
69
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by United Insurance Holdings individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. May 19 Buy Mineral Associates, Inc Company 21. May 19 21. May 19 25,000 $13.73 $343,250
13. May 19 Buy Kent Whittemore Individual 10. May 19 10. May 19 1,000 $14.56 $14,560
13. May 19 Buy Michael Hogan Individual 10. May 19 10. May 19 1,500 $14.42 $21,630
27. Mar 19 Buy Deepak Menon Individual 27. Mar 19 27. Mar 19 580 $15.85 $9,193
07. Mar 19 Buy Mineral Associates, Inc Company 06. Mar 19 06. Mar 19 20,000 $15.86 $317,200
07. Mar 19 Sell R. Peed Individual 05. Mar 19 06. Mar 19 -8,000 $16.01 $-128,040
05. Mar 19 Sell R. Peed Individual 01. Mar 19 04. Mar 19 -8,000 $16.39 $-130,960
01. Mar 19 Sell R. Peed Individual 27. Feb 19 28. Feb 19 -8,000 $16.51 $-131,320
28. Feb 19 Sell Kern Davis Individual 26. Feb 19 26. Feb 19 -61,823 $16.48 $-1,018,843
07. Mar 19 Buy Kern Davis Individual 01. Mar 19 01. Mar 19 61,823 $16.57 $1,024,407
27. Feb 19 Sell R. Peed Individual 25. Feb 19 26. Feb 19 -8,000 $16.50 $-131,120
26. Feb 19 Buy Kent Whittemore Individual 22. Feb 19 22. Feb 19 400 $16.15 $6,446
25. Feb 19 Buy Mineral Associates, Inc Company 22. Feb 19 22. Feb 19 5,000 $16.29 $81,450
25. Feb 19 Buy Sem Minerals, L.P. Company 22. Feb 19 22. Feb 19 6,500 $16.35 $106,275
25. Feb 19 Buy Alec Poitevint Individual 22. Feb 19 22. Feb 19 1,750 $16.32 $28,560
25. Feb 19 Sell R. Peed Individual 22. Feb 19 22. Feb 19 -4,000 $16.05 $-64,200
22. Feb 19 Buy Michael Hogan Individual 22. Feb 19 22. Feb 19 2,500 $16.14 $40,350
22. Feb 19 Sell R. Peed Individual 21. Feb 19 21. Feb 19 -4,000 $16.41 $-65,640
21. Feb 19 Sell R. Peed Individual 19. Feb 19 20. Feb 19 -8,000 $16.43 $-131,000
19. Feb 19 Sell R. Peed Individual 15. Feb 19 15. Feb 19 -4,000 $16.21 $-64,840
15. Feb 19 Sell R. Peed Individual 13. Feb 19 14. Feb 19 -8,000 $16.25 $-129,840
12. Feb 19 Sell R. Peed Individual 11. Feb 19 12. Feb 19 -8,000 $16.12 $-128,600
08. Feb 19 Sell R. Peed Individual 06. Feb 19 08. Feb 19 -12,000 $16.17 $-193,440
05. Feb 19 Sell R. Peed Individual 04. Feb 19 05. Feb 19 -8,000 $16.34 $-130,560
04. Feb 19 Sell R. Peed Individual 01. Feb 19 01. Feb 19 -4,000 $16.39 $-65,560
31. Jan 19 Sell R. Peed Individual 30. Jan 19 31. Jan 19 -8,000 $16.07 $-128,480
30. Jan 19 Sell R. Peed Individual 29. Jan 19 29. Jan 19 -4,000 $16.08 $-64,320
29. Jan 19 Sell R. Peed Individual 28. Jan 19 28. Jan 19 -4,000 $16.10 $-64,233
28. Jan 19 Sell R. Peed Individual 25. Jan 19 25. Jan 19 -4,000 $16.00 $-64,000
24. Jan 19 Sell R. Peed Individual 23. Jan 19 23. Jan 19 -4,000 $16.00 $-64,000
22. Jan 19 Sell R. Peed Individual 18. Jan 19 18. Jan 19 -4,000 $16.36 $-65,038
18. Jan 19 Sell R. Peed Individual 17. Jan 19 17. Jan 19 -4,000 $16.02 $-64,080
17. Jan 19 Sell R. Peed Individual 16. Jan 19 16. Jan 19 -1,800 $16.00 $-28,800
15. Jan 19 Sell R. Peed Individual 14. Jan 19 14. Jan 19 -2 $16.09 $-32
15. Jan 19 Sell R. Peed Individual 14. Jan 19 15. Jan 19 -1,898 $16.06 $-30,384
X
Management checks
We assess United Insurance Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. United Insurance Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does United Insurance Holdings Corp. (NASDAQ:UIHC) Have A Particularly Volatile Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Be Worried About Insider Transactions At United Insurance Holdings Corp. (NASDAQ:UIHC)?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … The Last 12 Months Of Insider Transactions At United Insurance Holdings. … All up, insiders sold more shares in United Insurance Holdings than they bought, over the last year

Simply Wall St -

Investors Who Bought United Insurance Holdings Shares A Year Ago Are Now Down 16%

While United Insurance Holdings made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … That's because it's hard for shareholders to have confidence a company will grow profits significantly if it isn't growing revenue. … In the last twelve months, United Insurance Holdings increased its revenue by 11%.

Simply Wall St -

Does United Insurance Holdings Corp.'s (NASDAQ:UIHC) CEO Pay Compare Well With Peers?

John Forney became the CEO of United Insurance Holdings Corp. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does John Forney's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Does United Insurance Holdings Corp.'s (NASDAQ:UIHC) Share Price Indicate?

(NASDAQ:UIHC), which is in the insurance business, and is based in United States,. … A question to answer is whether United Insurance Holdings's current trading price of $16.41 reflective of the actual value of the? … Let’s take a look at United Insurance Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

A Closer Look At United Insurance Holdings Corp.'s (NASDAQ:UIHC) Uninspiring ROE

Our data shows United Insurance Holdings has a return on equity of 7.0% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.070 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholder Appears On The United Insurance Holdings Corp.'s (NASDAQ:UIHC) Shareholder Register?

Every investor in United Insurance Holdings Corp. … United Insurance Holdings is not a large company by global standards. … Check out our latest analysis for United Insurance Holdings

Simply Wall St -

Does The United Insurance Holdings Corp (NASDAQ:UIHC) Share Price Fall With The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Why United Insurance Holdings Corp (NASDAQ:UIHC) Could Have A Place In Your Portfolio

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on United Insurance Holdings Corp (NASDAQ:UIHC) due to its excellent fundamentals in more than one area.

Simply Wall St -

At US$20.05, Is It Time To Put United Insurance Holdings Corp (NASDAQ:UIHC) On Your Watch List?

United Insurance Holdings Corp (NASDAQ:UIHC), which is in the insurance business, and is based in United States,. … A question to answer is whether United Insurance Holdings's current trading price of $20.05 reflective of the actual value of the? … Let’s take a look at United Insurance Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Company Info

Description

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies. It also provides commercial multi-peril property insurance for residential condominium associations, as well as loss or damage to buildings, inventory, or equipment caused by covered cause of loss, such as fire, wind, hail, water, theft, and vandalism. In addition, the company offers flood, equipment breakdown, and identity theft policies. It markets and distributes its products through a network of independent agencies in Connecticut, Florida, Georgia, Hawaii, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Texas. United Insurance Holdings Corp. was founded in 1999 and is headquartered in St. Petersburg, Florida.

Details
Name: United Insurance Holdings Corp.
UIHC
Exchange: NasdaqCM
Founded: 1999
$584,915,690
42,976,906
Website: http://www.upcinsurance.com
Address: United Insurance Holdings Corp.
800 2nd Avenue South,
St. Petersburg,
Florida, 33701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM UIHC Common Stock Nasdaq Capital Market US USD 01. Oct 2008
DB 0UI Common Stock Deutsche Boerse AG DE EUR 01. Oct 2008
Number of employees
Current staff
Staff numbers
293
United Insurance Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 00:18
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.