Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - UNITED INSURANCE HOLDINGS CORP.exh32231dec17.htm
EX-32.1 - EXHIBIT 32.1 - UNITED INSURANCE HOLDINGS CORP.exh32131dec17.htm
EX-31.2 - EXHIBIT 31.2 - UNITED INSURANCE HOLDINGS CORP.exh31231dec17.htm
EX-31.1 - EXHIBIT 31.1 - UNITED INSURANCE HOLDINGS CORP.exh31131dec17.htm
EX-23.1 - EXHIBIT 23.1 - UNITED INSURANCE HOLDINGS CORP.exh231consent31dec17.htm
EX-21.1 - EXHIBIT 21.1 - UNITED INSURANCE HOLDINGS CORP.exh21131dec17.htm
10-K - 10-K - UNITED INSURANCE HOLDINGS CORP.a10-kdocument31dec17.htm


Exhibit 12.1

United Insurance Holdings Corp.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

Includes realized gains and losses
For the Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings before income taxes
$
910

 
$
7,003

 
$
41,860

 
$
64,410

 
$
34,487

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
3,247

 
723

 
326

 
410

 
367

Amortized premiums, discounts and capitalized expenses related to debt
526

 

 

 

 

Interest within rental expense
23

 
16

 
74

 
63

 
56

Total fixed charges
$
3,796

 
$
739

 
$
400

 
$
473

 
$
423

Earnings before income taxes and fixed charges
$
4,706

 
$
7,742

 
$
42,260

 
$
64,883

 
$
34,910

Ratio of earnings to fixed charges
1.24
 
10.47
 
105.71
 
137.28
 
82.56

For purposes of calculating these ratios, earnings consist of pre-tax income from continuing operations and fixed charges. Fixed charges consist of interest expensed and capitalized; amortized premiums, discounts and capitalized expenses related to debt; and estimated interest within rental expense.

We did not have any preferred stock outstanding and we did not pay or accrue any preferred stock dividends during the periods presented above.