Universal Insurance (UVE) Tops Q1 EPS by 10c

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Go back to Universal Insurance (UVE) Tops Q1 EPS by 10c

Universal Reports First Quarter 2024 Results

April 25, 2024 4:10 PM EDT

Diluted GAAP earnings per common share (EPS) of $1.14; diluted adjusted* EPS of $1.07 Annualized return on average common equity (ROCE) of 38.1%, annualized adjusted* return on average common equity of 29.4% Direct premiums written of $446.2 million, up 8.8% from the prior year quarter Book value per share of $12.68, up 20.0% year-over-year; adjusted book value per share of $15.34, up 13.5% year-over-year Total capital returned to shareholders of $8.9 million, including $4.1 million of share repurchases and a $0.16 per share regular dividend

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (Universal or the Company)... More