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United Insurance Holdings Corp. (NASDAQ:UIHC)("UIHC" or "the Company"), a property and casualty insurance holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly owned insurance subsidiary, American Coastal Insurance Company (ACIC), today announced that it has rejoined the broad-market Russell 3000® Index following the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opened today, June 26, 2023.
"We are pleased to rejoin the globally recognized Russell indexes," said Dan Peed, Chairman of the Board and Chief Executive Officer of UIHC. "We believe our inclusion will strengthen our reach to the investment community and welcome the enhanced visibility this brings to our go-forward operations."
Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000® Index. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
Posted In: UIHC
