Universal Insurance (UVE) Tops Q3 EPS by 17c

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Go back to Universal Insurance (UVE) Tops Q3 EPS by 17c

Universal Insurance Holdings, Inc. Reports Another Record Quarter for Third Quarter 2015

October 29, 2015 4:25 PM EDT

FORT LAUDERDALE, Fla., Oct. 29, 2015 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) (or the "Company") today reported third quarter 2015 net income of $30.3 million, an increase of 42.0% ($9.0 million) over the same period in 2014 and a record in Company history.  Diluted earnings per share (EPS) were $0.84 for the third quarter of 2015, an increase of 37.7% ($0.23 per share) over the same quarter in 2014, and also represented a Company record.  This compares to net income of $21.3 million, or $0.61 per diluted share, for the same period in 2014.

"We are pleased to report our third consecutive... More