Universal Insurance (UVE) Tops Q3 EPS by 13c

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Go back to Universal Insurance (UVE) Tops Q3 EPS by 13c

Universal Insurance Holdings Reports Third Quarter 2021 Results

October 27, 2021 4:15 PM EDT

3Q21 direct premiums earned up 15.0% driven by primary rate increases earning-in 3Q21 diluted GAAP earnings per share (EPS) of $0.64, non-GAAP adjusted EPS1 of $0.63 3Q21 combined ratio of 98.6% 3Q21 annualized return on average equity of 16.4% Florida primary average rate increase of 14.9% for UPCIC approved during 3Q21

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (the Company) reported 2021 third quarter diluted EPS of $0.64 on a GAAP basis and $0.63 on a non-GAAP1 adjusted basis. Quarterly direct premiums earned were up 15.0% from the year-ago quarter to $410.6... More