Earnings per Share

9 Months Ended

Sep. 30, 2020

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 nine month periods ended September 30, 2020 and 2019, respectively:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net losses attributable to UIHC common stockholders	$	(74,072)	$	(28,280)	$	(62,521)	$	(21,714)

Denominator:
Weighted-average shares outstanding	42,893,205		42,795,414		42,853,364		42,750,710
Effect of dilutive securities	—		—		—		—
Weighted-average diluted shares	42,893,205		42,795,414		42,853,364		42,750,710

Earnings available to UIHC common stockholders per share
Basic	$	(1.73)	$	(0.66)	$	(1.46)	$	(0.51)
Diluted	$	(1.73)	$	(0.66)	$	(1.46)	$	(0.51)

See Note 15 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.