IBX5980432E7F390 UIHC Underwritten public offering on general stock - Smart Business

UIHC Underwritten public offering on general stock

UIHC Underwritten public offering on general stock

Best Insurance Stock - UIHC Underwritten public offering on general stock : United Insurance Hancientings Corp. (NASDAQ: UIHC) (the Company), a property and casualty insurance hancienting company, today announced that in associate, put trhough (phone)ion with its formerly announced underwritten public offering of 5,300,075 bagikans of its general stock that shutd on December 14, 2012,



 the underwriters exercised in full their option to purchase an additional 750,000 bagikans of newly issued general stock from the Company at a public offering price of $5.15 per bagikan. The Company expects to receive aggregate net proceeds from the sale of the additional bagikans of approxifriendly $3.7 million after deducting underwriting reductions and commissions and estifriendd offering expenses, carrying the total net proceeds to the Company from the offering to approxifriendly $27.6 million. Subject to customary clotune conditions, the clotune of the sale of the additional bagikans is expected to arrise on January 8, 2013.



Raymond James & Associates, Inc. is serving as book-running administerr of the offering and Sterne, Agee & Leach, Inc. is serving as co-administerr. A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on December 10, 2012. This offering is being made only by puposes of a prospectus, copies of which may be obtained from Raymond James & Associates, Inc., 880 Carillon Gardenway, St. Petersburg, Florida 33716, (800)-248-8863.



This press release shall not constitute an offer to sell or the soliquotation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, soliquotation or sale would be unlterrible prior to registration or qualification under the securities verdicts of any such state or jurisdiction.



 Forward Seeing Statements

Sure of the statements made in this press release are forward-seeing statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Behave of 1995. These forward-seeing statements include, among others, statements relating to United's hopes regarding the clotune of the sale of the additional bagikans in the public offering. Behaveual results or developments may differ friendrially from those projected or implied in these forward-seeing statements. Fbehaveors that may cause such a difference include, without limitation, risks and unsureties related to market and other conditions, the satisfbehaveion of customary clotune conditions related to the sale of additional bagikans in the public offering and the impbehave of general profitable, industry or political conditions in the United States or internationally. You should not place undue reliance on these forward-seeing statements, which apply only as of the date of this press release. Additional risks and unsureties relating to the proposed offering, United, and its business clever be found under the heading "Risk Fbehaveors" in United's Annual Report on Form 10-K for the year finished December 31, 2011, the prospectus relating to the offering, and other documents filed with the SEC. United does not undertake any obligation to update forward-seeing statements and expressly deny, refutes any obligation or undertalord to release publicly any updates or revisions to any forward-seeing statements contained herein to reflect any change in its hopes with regard thereto or any change in events, conditions or circumstances on which any such statements are based.



Approxifriendly United Insurance Hancientings Corp.

Founded in 1999, United Property & Casualty Insurance Company, a subsijournal of United Insurance Hancientings Corp., writes and services houseowners insurance in Florida, South Carolina, Massachusetts, and Rhode Isground, soil and is licensed to write in North Carolina. From its headquarters in St. Petersburg, United's team of commited professionals administers a thoroughly integswiftd insurance company, including sales, underwriting, customer service and claims. The Company distributes its houseowners, dwelling fire and flood products through many agency groups and conducts business through four wholly-owned subsidiaries. Houseowners insurance constitutes the majority of United's premiums and policies.

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