United Insurance Holdings Corp. (UPC Insurance or the Company)
(NASDAQ:UIHC), announced today it is expected to join the Russell 3000®,
Russell 2000®, and Russell Global® Indexes when Russell Investments
reconstitutes its comprehensive set of U.S. and global equity indexes on
June 30, 2014, according to a preliminary list of additions posted June
20, 2014 on www.russell.com.
The final 2014 reconstitution of the Russell Indexes will take place
after the market closes on June 27, 2014 and final membership lists will
be posted on June 30, 2014, with trading in the reconstituted indexes
commencing that same day.
Membership in the Russell Indexes remains in place for one year, and
means automatic inclusion in the appropriate growth and value style
indexes. Russell determines membership for its equity indexes primarily
by objective, market-capitalization rankings and style attributes. The
Russell 2000 Index measures the performance of the small-cap segment of
the U.S. equity universe. The Russell 2000 is a subset of the Russell
3000® Index representing approximately 10% of the total market
capitalization of that index. It includes approximately 2000 of the
smallest securities based on a combination of their market cap and
current index membership.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. Russell calculates more than 700,000 benchmarks
daily covering approximately 98 percent of the investable market
globally, 80 countries and more than 10,000 securities. Approximately
$4.1 trillion in assets are benchmarked to the Russell Indexes.
About UPC Insurance
Founded in 1999, UPC Insurance is an insurance holding company that
sources, writes and services residential property and casualty insurance
policies using a network of independent agents and a group of wholly
owned insurance subsidiaries. United Property & Casualty Insurance
Company, the primary operating subsidiary of UPC Insurance, writes and
services property and casualty insurance in Florida, Massachusetts, New
Jersey, North Carolina, Rhode Island, South Carolina and Texas, and is
licensed to write in Georgia, Louisiana and New Hampshire. From its
headquarters in St. Petersburg, UPC Insurance's team of dedicated
professionals manages a completely integrated insurance company,
including sales, underwriting, customer service and claims.
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