Universal Insurance (UVE) Tops Q2 EPS by 14c

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Go back to Universal Insurance (UVE) Tops Q2 EPS by 14c

Universal Insurance Holdings, Inc. Reports Record Results for Second Quarter 2015

August 4, 2015 4:22 PM EDT

FORT LAUDERDALE, Fla., Aug. 4, 2015 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) (or the "Company") today reported record net income for the second quarter of 2015 of $24.7 million, an increase of 44.2% ($7.6 million) over the same period in 2014. Diluted earnings per share (EPS) was $0.69 for the second quarter of 2015, an increase of 40.9% ($0.20 per share) over the same quarter in 2014.  This compares to net income of $17.1 million, or $0.49 per diluted share, for the same period in 2014.

"We are pleased to report another record quarter with sequential improvement in multiple... More