UVE

Strong start to 2026: Universal reported a 38.5% annualized adjusted return on common equity and adjusted diluted EPS of $2.00 (vs. $1.44 a year ago), with core revenue of $398.2M and underwriting improvement driving a better net combined ratio of 89.7% (net loss ratio 63.9%). Reinsurance renewal secured: The company completed its 2026–2027 reinsurance renewal and added $352M of multi‑year coverage extending protection through the 2027–2028 treaty, with retentions unchanged at $45M and the same captive layer structure above that. Capital returns maintained: Universal repurchased ~210,000 shares for $7.1M (about $13.1M remaining under the buyback) and declared a quarterly cash dividend of $0.16 per share, while emphasizing capital support for its insurance entities. Interested in Universal Insurance Holdings Inc? Here are five stocks we like better. 3 Analyst-Backed Stocks the Market Is Getting Totally Wrong Universal Insurance (NYSE:UVE) executives highlighted improving underwriting results, steady revenue growth, and a completed reinsurance renewal during the company’s first-quarter 2026 earnings call. Chief Executive Officer Steve Donaghy said the company delivered “a fantastic start to the year,” pointing to a 38.5% annualized adjusted return on common equity. Donaghy also said top-line results were “strong with growth across our multi-state footprint, including in Florida.” → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Airbnb Joins the S&P 500, Time to Buy In? Chief Financial Officer Frank Wilcox reported adjusted diluted earnings per common share of $2.00, up from $1.44 in the prior-year quarter. Wilcox said the increase “mostly stems from a lower net loss ratio and higher net investment income.” Core revenue totaled $398.2 million, up 0.8% year-over-year, which Wilcox attributed primarily to higher net investment income and net premiums earned. → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank Universal Insurance: Navigating Florida’s Insurance Crisis Premium trends were led by growth in direct written business. Direct premiums written were $506.5 million, up 8.5% from the prior-year quarter. Wilcox said the increase was driven by 4.9% growth in Florida and 18.3% growth in other states, reflecting “higher policies in force and inflation adjustments across our multi-state footprint.” Direct premiums earned wer...

This article first appeared on GuruFocus. Adjusted Return on Common Equity: 38.5% annualized. Adjusted Diluted Earnings Per Share: $2, up from $1.44 in the prior year quarter. Core Revenue: $398.2 million, up 0.8% year-over-year. Direct Premiums Written: $506.5 million, up 8.5% from the prior year quarter. Direct Premiums Earned: $531.4 million, up 3.5% from the prior year quarter. Net Premiums Earned: $356.9 million, up 0.3% from the prior year quarter. Net Combined Ratio: 89.7%, down 5.3 points from the prior year quarter. Net Loss Ratio: 63.9%, down 6.6 points from the prior year quarter. Net Expense Ratio: 25.8%, up 1.3 points from the prior year quarter. Share Repurchase: Approximately 210,000 shares repurchased at a cost of $7.1 million. Cash Dividend: $0.16 per share declared, payable on May 15, 2026. Warning! GuruFocus has detected 7 Warning Sign with UVE. Is UVE fairly valued? Test your thesis with our free DCF calculator. Release Date: April 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Universal Insurance Holdings Inc (NYSE:UVE) reported a strong start to the year with a 38.5% annualized adjusted return on common equity. The company completed its 2026-2027 reinsurance renewal, securing $352 million of additional multiyear coverage through the 2027-2028 treaty period. Adjusted diluted earnings per common share increased to $2 from $1.44 in the prior year quarter, driven by a lower net loss ratio and higher net investment income. Direct premiums written increased by 8.5% from the prior year quarter, with notable growth of 4.9% in Florida and 18.3% in other states. The net combined ratio improved to 89.7%, down 5.3 points compared to the prior year quarter, reflecting better current accident year results. The net expense ratio increased by 1.3 points to 25.8%, primarily due to a higher ceded premium ratio and higher policy acquisition costs outside of Florida. Despite the growth in direct premiums earned, net premiums earned only saw a marginal increase of 0.3% from the prior year quarter. The company faces a competitive environment, particularly in Florida, which could impact future growth and profitability. There is uncertainty regarding future rate adjustments as the company has not yet initiated its rate analysis for the year. The share repurchase program has limited remaining author...

Diluted GAAP earnings per common share (EPS) of $1.88; diluted adjusted* EPS of $2.00 Annualized return on average common equity ("ROCE") of 38.2%, annualized adjusted* ROCE of 38.5% Direct premiums written of $506.5 million, up 8.5% from the prior year quarter Book value per share of $20.95, up 39.9% year-over-year; adjusted book value per share of $22.19, up 32.2% year-over-year FORT LAUDERDALE, Fla., April 23, 2026--(BUSINESS WIRE)--Universal Insurance Holdings (NYSE: UVE) ("Universal" or the "Company") reported first quarter 2026 results. "We had a fantastic start to the year, with a 38.2% annualized return on common equity," said Stephen J. Donaghy, Chief Executive Officer. "Our top-line results were strong, with growth across our multi-state footprint, including in Florida." "On a separate note, I'm pleased to announce the completion of our 2026-2027 reinsurance renewal for our insurance entities, as our program is now fully supported and secured. During the renewal process in 2026, we also secured $352 million of additional multi-year coverage, taking us through the 2027-2028 treaty period." Summary Financial Results Net Income and Adjusted Net Income Net income available to common stockholders was $54.3 million, compared to net income of $41.4 million in the prior year quarter, and adjusted net income available to common stockholders was $57.8 million, compared to adjusted net income of $41.4 million in the prior year quarter. The higher adjusted net income available to common stockholders mostly stems from a lower net loss ratio and higher net investment income. Revenues Revenue was $393.6 million, down 0.3% from the prior year quarter and core revenue was $398.2 million, up 0.8% from the prior year quarter. The increase in core revenue primarily stems from higher net investment income and net premiums earned. Direct premiums written were $506.5 million, up 8.5% from the prior year quarter. The increase stems from 4.9% growth in Florida and 18.3% growth in other states. Overall growth mostly reflects higher policies in force and inflation adjustments across our multi-state footprint. Direct premiums earned were $531.4 million, up 3.5% from the prior year quarter. The increase stems from direct premiums written growth over the past twelve months. The ceded premium ratio was 32.8%, up from 30.7%, in the prior year quarter. The increase primarily refle...

Achieved a 38.5% annualized adjusted return on common equity, driven by a lower net loss ratio and increased net investment income. Direct premiums written grew 8.5% year-over-year, reflecting a strategic balance of 4.9% growth in Florida and 18.3% expansion in other states. Growth was primarily attributed to higher policies in force and inflation-related adjustments across the multi-state footprint. The net loss ratio improved by 6.6 points to 63.9%, which management credited to better current accident year results. The net expense ratio increased to 25.8% due to a higher ceded premium ratio and costs associated with scaling operations outside of Florida. Management emphasized a strategy of chasing rate adequacy over volume, prioritizing profitable market entry and strong agent relationships. Fully secured the 2026-2027 reinsurance renewal, including $352 million of additional multi-year coverage extending through the 2027-2028 period. Future rate adjustments will be determined following a 12-month performance analysis, with a focus on legislative benefits and shareholder value. Capital management priorities remain focused on ensuring insurance entities are adequately capitalized to support continued business production. Reinsurance retention levels for insurance entities are expected to remain at $45 million, maintaining structural consistency with the prior year. The company plans to continue utilizing its captive for the $66 million layer above the initial $45 million retention for first-event occurrences. Repurchased approximately 210,000 shares for $7.1 million during the first quarter, with $13.1 million remaining under the current authorization. Declared a quarterly cash dividend of $0.16 per share, maintaining the company's commitment to returning value to shareholders. The ceded premium ratio acted as a headwind to net premium growth, partially offsetting the gains from higher direct premiums earned. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management stated they prioritize rate adequacy over market share, though they feel well-positioned to bring on business profitably when desired. Noted that while competition exists everywhere, their strong relationship with agents serves as a key competitive advantage. Management has not yet initiated...

Universal Insurance Holdings (UVE) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +43.89%. A quarter ago, it was expected that this property and casualty insurance company would post earnings of $1.3 per share when it actually produced earnings of $2.17, delivering a surprise of +66.92%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Universal Insurance, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $393.57 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.52%. This compares to year-ago revenues of $394.87 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Universal Insurance shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While Universal Insurance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Universal Insurance was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the mark...

FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — Universal Insurance Holdings Inc. (UVE) on Thursday reported earnings of $54.3 million in its first quarter. On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $1.88. Earnings, adjusted for non-recurring costs, came to $2 per share. The property and casualty insurance company posted revenue of $393.6 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UVE at https://www.zacks.com/ap/UVE

FORT LAUDERDALE, Fla., April 10, 2026--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 15, 2026 to shareholders of record as of the close of business on May 8, 2026. Universal will issue a press release reporting its first quarter 2026 results after the market closes on Thursday, April 23, 2026. The company will host a conference call on Friday, April 24, 2026, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registering in advance via teleconference at https://register-conf.media-server.com/register/BIf7338475e3b6498088eb9078ae971a72. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the call. An online replay of the call will be available at universalinsuranceholdings.com/investors shortly after the investor call concludes. About Universal Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company providing property and casualty insurance and value-added insurance services. We develop, market, and write insurance products in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We provide insurance products in the United States through both our appointed independent agents and our direct online distribution channels. Learn more at universalinsuranceholdings.com or get an insurance quote at Clovered.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260410802167/en/ Contacts Investors/Media: Arash Soleimani, CFA, CPA, CPCU, ARe Chief Strategy Officer 954-804-8874 [email protected]

Universal Insurance Holdings UVE, a Florida-centered homeowners insurer, runs a vertically integrated property and casualty platform focused on personal residential coverage, including homeowners and related lines, distributed through independent agents and online channels across 19 states. Florida remains the core concentration, and that concentration is central to how Universal’s earnings can behave in different weather and claims regimes. In 2025, Florida represented 72.6% of direct premiums written, down from 77.2% in 2024. Other states increased to 27.4% from 22.8%, extending a gradual rebalancing. The shift reflects disciplined underwriting and state-by-state rate actions. Since the December 2022 Florida reforms, Universal has pointed to improving loss severity and frequency. That improvement is the foundation for measured rate relief in 2024 and 2025 without necessarily compressing earnings power. Management stated intent is to “return funds to insureds” where the data supports it, while maintaining underwriting discipline. A key near-term catalyst is the actuarial rate study management expects to begin at the end of March 2026. The outcome can influence targeted rate declines, market positioning, and the balance between retention and profitability as filings progress. Reinsurance positioning adds another layer of potential clarity. By the fourth quarter of 2025, management indicated it had already placed 90% of the 2026 first-event catastrophe tower and secured meaningful additional multi-year capacity into 2027, with reinsurer tone described as constructive. That earlier visibility can shape how aggressively Universal wants to fine-tune pricing and growth after the study. The Zacks Consensus Estimate for 2026 earnings reflects a 35.5% year over year decrease, while revenues reflect a 6.1% year over year decrease. Image Source: Zacks Investment Research The consensus estimate has moved 19.8% north in the past 30 days. UVE sports a Zacks Rank #1 (Strong Buy). HCI Group HCI, Heritage Insurance HRTG and Allstate Corporation ALL are some other top-ranked stocks from the Zacks Property and Casualty Insurance industry. All three stocks currently sport a Zacks Rank #1 each. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus estimate for 2026 and 2027 earnings of HCI Group and Heritage Insurance witnessed northbound movem...

A month has gone by since the last earnings report for Universal Insurance Holdings (UVE). Shares have added about 4.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Universal Insurance due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Universal Insurance Q4 Earnings and Revenues Beat Estimates Universal Insurance posted operating earnings of $2.17 per share in the fourth quarter of 2025, beating the Zacks Consensus Estimate by 66.9%. The bottom line improved more than eightfold year over year. Total revenue: $407.9 million in fourth quarter 2025, up 6% year over year and beat the Zacks Consensus Estimate by 9.4%. Net premiums earned were $363.4 million, up 4.3% year over year. Direct premiums written was $483.7 million, up 2.7% year over year - Florida $332 million (down 3.1%); Other States $151.7 million (up 18.2%). Combined ratio was 87.5% versus 107.9% in a year ago quarter. Book value per share was $19.67, up 48.1% from $13.28 in 2024 end. Policies in force were 895,927, up 4.7% year over year Fourth quarter 2025 performance was driven by sharp underwriting profitability improvement alongside earned premium growth. The net loss ratio fell to 61.3%, improving 2100 points from the prior-year quarter that included Hurricane Milton losses. The expense ratio was 26.2%, deteriorated 60 basis points. Combined ratio improved to 87.5% from 107.9%, translating to operating income of $90 million (22.1% margin) versus $9 million (2.3% margin) a year prior. Florida direct premiums written were $332.0 million while Other States reached $151.7 million. The 3.1% decline in Florida reflected disciplined market management (turning away unprofitable business) rather than competitive losses. Policies in force increased 4.7% year over year to 895,927, with premiums in force up 3.3%. Management emphasized that retention "has never been better," supporting policy stability into 2026. Net investment income was $19 million, up about 22% from $15.6 million. The company repurchased approximately 0.2 million shares in the fourth quarter for $6.9 million and announced a $20 million repurchase authorization through January 2028. A regular q...

In February 2026, Universal Insurance Holdings reported past fourth-quarter 2025 revenue of US$407.93 million and net income of US$66.59 million, alongside full-year 2025 revenue of US$1.60 billion and net income of US$182.95 million, with basic earnings per share from continuing operations rising to US$6.56 for the year. Along with these results, the company completed a US$19.8 million share repurchase of 737,733 shares under its May 2025 program and authorized a new US$20 million buyback, highlighting management’s willingness to return capital while earnings and underwriting performance improved. Next, we’ll examine how this strong earnings rebound and fresh US$20 million buyback authorization shape Universal Insurance Holdings’ investment narrative. AI is about to change healthcare. These 31 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own Universal Insurance Holdings, you need to be comfortable with a Florida-focused property insurer that is working to balance underwriting risk, reinsurance costs and capital returns. The latest results show a strong earnings rebound, which supports the near term catalyst of improved profitability, while the biggest risk remains exposure to reinsurance pricing and availability. The new data does not remove that risk, but it does show the company entering renewal discussions from a stronger earnings base. The most relevant development is Universal’s completion of a US$19.8 million buyback in 2025 and a fresh US$20 million authorization. Against the backdrop of improved earnings and a better combined ratio, continued repurchases and regular dividends point to a management team still committing cash to shareholders even as it negotiates future reinsurance cover and faces competitive pressures in its core Florida market. Yet investors should be aware that heavy reliance on securing affordable reinsurance could still... Read the full narrative on Universal Insurance Holdings (it's free!) Universal Insurance Holdings' narrative projects $1.5 billion revenue and $105.8 million earnings by 2028. This entails a 2.2% yearly revenue decline but an earnings increase of about $39.4 million from $66.4 million today. Uncover how Universal Insurance Holdings' forecasts yield a $40.00 fair value, a 11% upside to its...

This article first appeared on GuruFocus. Adjusted Diluted Earnings Per Share: $2.17, up from $0.25 in the prior-year quarter. Core Revenue: $403.6 million, up 4.4% year-over-year. Direct Premiums Written: $483.7 million, up 2.7% from the prior-year quarter. Direct Premiums Earned: $538 million, up 3.6% year-over-year. Net Premiums Earned: $363.4 million, up 4.3% from the prior-year quarter. Net Combined Ratio: 87.5%, down 20.4 points compared to the prior-year quarter. Net Loss Ratio: 61.3%, down 21 points compared to the prior-year quarter. Net Expense Ratio: 26.2%, up 0.6 points from the prior-year quarter. Share Repurchase: Approximately 210,000 shares repurchased at an aggregate cost of $6.9 million. Quarterly Cash Dividend: $0.16 per common share declared. Warning! GuruFocus has detected 7 Warning Sign with UVE. Is UVE fairly valued? Test your thesis with our free DCF calculator. Release Date: February 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Universal Insurance Holdings Inc (NYSE:UVE) reported an outstanding quarter with an adjusted return on common equity of over 46%. The company's capital position is robust, with strong reserves, marking the strongest in its history. Adjusted diluted earnings per common share increased significantly to $2.17 from $0.25 in the prior-year quarter. Core revenue grew by 4.4% year-over-year, driven by higher net premiums earned and net investment income. The net combined ratio improved to 87.5%, down 20.4 points from the prior-year quarter, reflecting better current accident year results. Direct premiums written in Florida decreased by 3.1%, partially offsetting growth in other states. The net expense ratio increased slightly to 26.2% from 25.6% in the prior-year quarter due to higher other operating costs. There is concern about potential regulatory pressures regarding affordability and the possibility of the insurance industry being asked to give back profits. Despite overall growth, the competitive environment remains challenging with ongoing market analysis required to maintain profitability. The company faces potential exposure to changes in reinsurance costs and expenses, which could impact future earnings. Q: Can you provide more insights on the current competitive environment, especially regarding price declines and market focus? A: Stephen Dona...