Universal Insurance (UVE) Tops Q1 EPS by 24c

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Go back to Universal Insurance (UVE) Tops Q1 EPS by 24c

Universal Insurance Holdings, Inc. Reports Record First Quarter 2015 Financial Results

April 30, 2015 4:26 PM EDT

FORT LAUDERDALE, Fla., April 30, 2015 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) (or the "Company") today reported record net income of $22.3 million and diluted earnings per share (EPS) of $0.62, an increase of $8.8 million and $0.24, respectively, for the first quarter of 2015.  This compares to net income of $13.5 million, or $0.38 per diluted share, for the same period in 2014.

"We are pleased to report a strong start to 2015, as we delivered the highest quarterly net income and diluted EPS in the Company's history," said Sean P. Downes, the Company's Chairman, President and Chief... More