United top line surges but underwriting deteriorates

Florida-based United Insurance Holdings reported strong third
quarter top line growth but a deteriorating combined ratio as cat
losses hit the current period and developed adversely from earlier
in the year.
Gross written premiums climbed 48.5 percent to $156.0mn as the
insurer highlighted record new business volume in each month and
over $500mn in premium in force at the end of Q3.
United president and CEO John Forney said organic growth and
geographic diversification had been the dominating th