Earnings per Share

3 Months Ended

Mar. 31, 2023

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 month periods ended March 31, 2023 and 2022, respectively:


	Three Months Ended March 31,
		2023		2022
Numerator:
Net income (loss) attributable to UIHC common stockholders		$	260,878	$	(33,172)

Denominator:
Weighted-average shares outstanding		43,124,825		42,980,691
Effect of dilutive securities		450,015		—
Weighted-average diluted shares		43,574,840		42,980,691

Earnings available to UIHC common stockholders per share
Basic		$	6.05	$	(0.77)
Diluted		$	5.99	$	(0.77)

See Note 17 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.