Earnings per Share

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE (EPS)

Basic EPS is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from the vesting of outstanding restricted stock awards, restricted stock units, performance stock units and stock options. The following table shows the computation of basic and diluted EPS for the three and six month periods ended June 30, 2022 and 2021, respectively:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net loss attributable to UIHC common stockholders	$	(69,029)	$	(23,510)	$	(102,201)	$	(41,281)

Denominator:
Weighted-average shares outstanding	43,049,227		42,950,666		43,015,114		42,924,662
Effect of dilutive securities	—		—		—		—
Weighted-average diluted shares	43,049,227		42,950,666		43,015,114		42,924,662

Earnings available to UIHC common stockholders per share
Basic	$	(1.60)	$	(0.55)	$	(2.38)	$	(0.96)
Diluted	$	(1.60)	$	(0.55)	$	(2.38)	$	(0.96)

See Note 16 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.