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Deal Overview

United Insurance Holdings Corp.
Actual Acquirer:
United Insurance Holdings Corp.
AmCo Holding Company
Deal Type:
Insurance Company
Insurance Sector
Property & Casualty
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Announced Deal Value, As Reported ($ M)
Announced Deal Value Per Share ($ )
Completion Date:

Consideration Breakout
Common Stock ($M) 334.3
Common Stock Issued 20,956,360

Deal Pricing Ratios

Announcement Completion
Price / Earnings (x) 8.5 9.1
Price / Book (%) NA 162.6
Price / Statutory Net Income (x) NA NA
Price / Earnings (x) 6.81 8.29
Price / Capital & Surplus (%) NA NA
Price / Operating Income (x) 189.8 182.0
Price / Net Premiums Written (x) 2.42 2.76
Deal Terms
Description of Consideration

United Insurance Holdings Corp. issued 20,956,355 shares of its common stock to acquire AmCo Holding Co. and its subsidiary American Coastal Insurance Co. from RDX Holdings LLC. Target's statutory financials are for American Coastal Insurance Co.

Percent Acquired (%) 100.00
Accounting Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) 6,700
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Raymond James & Assoc. Inc.
Seller Yes TigerRisk Partners LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Sidley Austin LLP
Seller Yes Debevoise & Plimpton LLP