United Insurance - M&A Summary and Business Overview

InsuranceCompany

United Insurance M&A Summary

United Insurance has acquired 3 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

United Insurance’s largest acquisition to date was in 2015, when it acquired Interboro Insurance for $57M. United Insurance has acquired in 3 different US states. The Company’s most targeted sectors include insurance (100%).

United Insurance Business Overview

Where is United Insurance headquartered?

United Insurance is headquartered in St. Petersburg, Florida.

What is United Insurance’s revenue?

United Insurance disclosed revenue of 455M USD for 2022 and 635M USD for 2021.

How many employees does United Insurance have?

United Insurance has 478 employees.

What sector is United Insurance in?

United Insurance is an insurance company.

When was United Insurance founded?

United Insurance was founded in 1999.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

United Insurance

United Insurance Holdings Corp.

800 2nd Avenue South,
St. Petersburg, Florida 33701
United States,
(727) 895-7737
www.upcinsurance.com

United Insurance is a homeowners insurance company provides a diversified book of business in coastal areas from Texas to Maine that is currently writing in eight states and licensed in eighteen states. United Insurance was founded in 1999 and is based in St. Petersburg, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $66M $66M
Sell (0.2/yr) # - 1 - - - - 1
  4

Most Recent M&A

Company Date Value Type
United Property & Casualty Insurance Co. 2020-12-17 - Divestiture
, Connecticut
American Coastal Insurance Co. 2016-08-17 - Add-on Acquisition
Sunrise, Florida · www.amcoastal.com
Interboro Insurance Co., Inc. 2015-09-30 57M USD Add-on Acquisition
Mineola, New York · www.interboroinsurance.com
Family Security Holdings, LLC 2015-02-03 9M USD Add-on Acquisition
Metairie,, Louisiana
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (100%) 66M (100%) 1 (100%) -
Total 3 $66M 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 66M 1 -
  New York 1 57M - -
  Louisiana 1 9M - -
  Florida 1 - - -
  Connecticut - - 1 -
Total 3 $66M 1 -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
 1
Legal Deals
Sidley
 1

Deal Values

buy # Total
< $100M 2 $66M
TOTAL $66M
Largest Interboro Insurance Co., Inc.
$57M (2015-09-30)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Insurance

Revenue

455   29% 2022
635   26% 2021
847   3% 2020
825   14% 2019
724   11% 2018
654   35% 2017
487   37% 2016
358   28% 2015
280   35% 2014
208   59% 2013
131   2012
(millions of USD) Show More Show Less

Employees

478

Established

1999

Public

NASDAQ: UIHC

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Florida Companies , Insurance Companies , United States Companies , Florida Insurance Companies , Florida Insurance with Acquisitions , Florida Insurance with Divestitures

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