Universal Reports Second Quarter 2024 Results
UNIVERSAL INSURANCE HOLDINGS INC (UVE)
NASDAQ:AMEX Investor Relations:
universalinsuranceholdings.com
Company Research
Source: Business Wire
Diluted GAAP earnings per common share (EPS) of $1.21; diluted adjusted* EPS of $1.18Annualized return on average common equity (“ROCE”) of 37.4%, annualized adjusted* return on average common equity of 30.5%Direct premiums written of $578.3 million, up 5.7% from the prior year quarterBook value per share of $13.79, up 24.0% year-over-year; adjusted book value per share of $16.44, up 14.9% year-over-yearTotal capital returned to shareholders of $10.1 million, including $5.3 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”) reported second quarter 2024 results.*Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables.“In the quarter, we delivered a solid 30.5% annualized adjusted return on common equity and 35.6% adjusted diluted EPS growth year-over-year,” said Stephen J. Donaghy, Chief Executive Officer. “Results were d
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News
- With 69% ownership, Universal Insurance Holdings, Inc. (NYSE:UVE) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Universal Insurance Continues Its Profitable Resurgence [Seeking Alpha]Seeking Alpha
- With EPS Growth And More, Universal Insurance Holdings (NYSE:UVE) Makes An Interesting Case [Yahoo! Finance]Yahoo! Finance
- Universal Insurance Holdings, Inc. (NYSE: UVE) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Interested In Universal Insurance Holdings' (NYSE:UVE) Upcoming US$0.16 Dividend? You Have Four Days Left [Yahoo! Finance]Yahoo! Finance
UVE
Earnings
- 7/25/24 - Beat
UVE
Sec Filings
- 9/20/24 - Form 4
- 9/19/24 - Form 144
- 8/30/24 - Form 4
- UVE's page on the SEC website