Corporate Overview

United Insurance Holdings Corp.^® (UIHC) serves as the holding company for United Property & Casualty Insurance Company and its affiliated companies. Collectively, including United Insurance Holdings Corp., we refer to these entities as "UPC Insurance," which is the preferred brand identification we are establishing for our company. UPC Insurance is primarily engaged in the homeowners property and casualty insurance business in the United States.

We primarily write policies in Florida, Louisiana, Texas and New York. We also write policies in Georgia, North Carolina and South Carolina, where renewal rights have been sold and all premiums and losses are ceded. We are also licensed in Alabama, Delaware, Maryland, Mississippi, New Hampshire, Virginia, Massachusetts, Rhode Island, Connecticut, New Jersey and Hawaii; however, we have not commenced writing in these states. Our target market currently consists of areas where the perceived threat of natural catastrophe has caused large national insurance carriers to reduce their concentration of policies. In such areas, we believe an opportunity exists for UPC Insurance to write profitable business. We manage our risk of catastrophic loss primarily through sophisticated pricing algorithms, avoidance of policy concentration, and the use of a comprehensive catastrophe reinsurance program.

UPC Insurance has been operating in Florida since 1999, and has successfully managed its business through various hurricane and tropical storm events. This includes paying out over $500 million in claims to our policyholders as a result of the eight hurricanes that affected Florida in 2004 and 2005. We believe our record of successful risk management and experience in writing business in catastrophe-exposed areas provides us a competitive advantage as we grow our business in other states facing similar perceived threats. In all the jurisdictions in which we operate, we commit ourselves to providing the highest possible level of service to our insurance agents and our policyholders.