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United Insurance Holdings Reports 2Q Results

United Insurance Holdings Corp., a P&C insurance holding company based in St. Petersburg, said it returned to profitability in 2Q.

By Joan E. Collier, Joan E. Collier | Updated on August 09, 2010

United Insurance Holdings Corp., a P&C insurance holding company based in St. Petersburg, has reported its financial results for the second quarter and for the six months ended June 30, 2010.

For the second quarter, United said it returned to profitability with net income of $195,000, or $0.02 per diluted share, compared to net income of $2.8 million, or $0.27 per diluted share, during the same period last year. For the six months ended June 30, 2010, the company reported a net loss of $3.5 million, or $0.33 per diluted share, compared to net income of $6.0 million, or $0.57 per diluted share, for the same period last year.

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