Exhibit 99.1

1347 PROPERTY INSURANCE HOLDINGS, INC. ANNOUNCES 2016 SECOND QUARTER

FINANCIAL RESULTS
Q2 2016 Net Income of $1.3 million, or $0.22 per diluted share

Conference Call Scheduled For August 12, 2016 at 10:00 a.m. ET

Second Quarter 2016 Financial and Operating Highlights 

(unless noted all financial comparisons are to the prior-year quarter) 

Tampa, FL – August 11, 2016 – 1347 Property Insurance Holdings, Inc. (NASDAQ: PIH) (the “Company”), a property and casualty insurance holding company offering specialty insurance to individual and commercial customers in Louisiana and Texas through its wholly-owned subsidiary, Maison Insurance Company (“Maison”), today announced financial results for its second quarter ended June 30, 2016.

Management Comments 

Doug Raucy, Chief Executive Officer, stated, “We are pleased to have continued our steady growth in the second quarter and were able to deliver meaningful improvements in our loss and expense ratios despite ongoing claims activity from the significant weather events which occurred during February and March of this year. We ended the second quarter with approximately 30,800 policies in force, representing an increase of 4% versus the first quarter of 2016 as our independent agents continued to be our primary growth driver. As of the end of the quarter we had over 180 producing independent agents in Louisiana and approximately 90 producing independent agents in Texas, where we have been successfully expanding our network.” Mr. Raucy continued, “As pleased as we are with our growth in policy count, we are equally pleased to deliver a solidly-profitable result in the second quarter. Our net combined ratio of 76.4% was much improved versus the same quarter last year even though weather-related claims activity was significant. We believe this result is a testament to the reinsurance program we have put in place, allowing us to generate a profit by limiting our exposures to the significant storms we experienced in the first half of the year.”

Operating Review

(1) See “Definition of Non-U.S. GAAP Financial Measures” Section below

Quarterly Financial Review

Premiums

Gross premiums written increased 20.8% to $14.7 million for the quarter ended June 30, 2016 compared with $12.2 million for the quarter ended June 30, 2015. Gross premiums earned increased 28.6% to $11.7 million for the quarter ended June 30, 2016 compared with $9.1 million for the quarter ended June 30, 2015. The increase for the three-month period was largely due to organic growth in voluntary production from the Company’s independent agents. The quarter ended June 30, 2016 also included $0.5 million of premium assumed through the Company’s agreement with Brotherhood in Texas, which commenced in June 2015. As of June 30, 2016, approximately 73% of the Company’s 30,700 policies in force were from voluntary policies obtained from the Company’s independent agent network, with the remainder obtained from take-out policies from Citizens.

Net premiums earned increased 20.2% to $7.5 million for the quarter ended June 30, 2016 compared with $6.3 million for the quarter ended June 30, 2015.

Losses and Loss Adjustment Expenses

The gross loss ratio for the quarter ended June 30, 2016 was 48.0% compared to 32.9% for the quarter ended June 30, 2015. The net loss ratio for the quarter ended June 30, 2016 was 24.5% compared to 48.3% for the quarter ended June 30, 2015. While claims activity was significant for the current quarter, as we continued to experience development on the wind and hail events

which occurred in February and March 2016, we benefitted from recoveries due to us under our reinsurance treaties, due to the fact that, as previously communicated, we met our overall retention of $5.0 million for multiple storms in Q1 2016.

Amortization of Deferred Policy Acquisition Costs

Amortization of deferred policy acquisition costs for the second quarter of 2016 was $2.1 million, a $0.5 million increase over $1.6 million in the second quarter of 2015. As a percentage of gross premiums earned this expense was relatively stable at 17.6% for the second quarter of 2016, compared to 17.3% for the second quarter of 2015.

General and Administrative Expenses

General and administrative expenses for the second quarter of 2016 were $1.7 million, a 12.0% decrease from $2.0 million in the second quarter of 2015. General and administrative expenses as a percentage of gross premiums earned declined to 14.9% for the second quarter of 2016 compared to 21.8% for the prior year period, primarily due to growth of premium earned.

Net Income (Loss)

In the second quarter of 2016, the Company reported net income of $1.3 million, compared to a net loss of $0.1 million in the prior year period. The Company reported net income of $0.22 per diluted share during the second quarter of 2016, based on approximately 6.1 million weighted average shares outstanding, compared to a net loss of $0.02 per diluted share during the prior year period, based on approximately 6.4 million weighted average shares outstanding.

Balance Sheet / Investment Portfolio Highlights

At June 30, 2016, the Company held cash, cash equivalents and investments with a carrying value of $72.9 million. As of June 30, 2016, the Company’s investment in fixed maturities issued by the U.S. Government, government agencies and high quality corporate issuers, including short-term investments comprised 95% of the investment portfolio.

Conference Call Details

Access by Webcast

The call will also be simultaneously webcast over the Internet via the “Investor Relations” section of PIH’s website at www.1347pih.com or by clicking on the conference call link: http://1347pih.equisolvewebcast.com/q2-2016. An audio recording of the call will be archived on the Company’s website.

Termination of Management Services Agreement

As previously communicated, on February 11, 2014, the Company entered into a Management Services Agreement (“MSA”) with 1347 Advisors, LLC (“Advisors”), a wholly owned subsidiary of Kingsway Financial Services, Inc., under which Advisors provided certain services to the Company, including forecasting, analysis of capital structure and reinsurance programs, and consultation in corporate development initiatives. Under the MSA, the Company was required to pay Advisors a monthly fee equal to 1% of direct written premiums. On February 24, 2015 the Company entered into an agreement which terminated the MSA, resulting in a one-time pre-tax charge of $5.4 million for the quarter ended March 31, 2015. By terminating the MSA, the Company is no longer required to pay the monthly fee to Advisors.

DEFINITION OF NON-U.S. GAAP FINANCIAL MEASURES

The Company assesses its results of operations using certain non-U.S. GAAP financial measures, in addition to U.S. GAAP financial measures. These non-U.S. GAAP financial measures are defined below. The Company believes these non-U.S. GAAP financial measures provide useful information to investors and others in understanding and evaluating its operating performance in the same manner as management does.

The non-U.S. GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, any financial measures prepared in accordance with U.S. GAAP. The Company’s non-U.S. GAAP financial measures may be defined differently from time to time and may be defined differently than similar terms used by other companies, and accordingly, care should be exercised in understanding how the Company defines its non-U.S. GAAP financial measures.

The Company analyzes performance based on ratios common in the insurance industry such as loss ratio, expense ratio and combined ratio. The Company’s ratios are calculated as shown in the following table.

The net combined ratio is calculated as the sum of the net loss ratio and the net expense ratio. A combined ratio below 100% demonstrates underwriting profit whereas a combined ratio over 100% demonstrates an underwriting loss.

About 1347 Property Insurance Holdings, Inc.

1347 Property Insurance Holdings, Inc. is a property and casualty insurance holding company incorporated in Delaware. The Company provides property and casualty insurance in Louisiana and Texas through its wholly-owned subsidiary Maison Insurance Company. The Company’s insurance offerings for personal and commercial customers currently include homeowners, wind and hail only, manufactured home and dwelling fire policies.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “seeks” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect Company management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, please refer to the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.