Universal Insurance (UVE) Tops Q1 EPS by 8c
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Universal Insurance Holdings, Inc. Reports Record First Quarter 2016 Financial Results
May 2, 2016 4:17 PM EDTFORT LAUDERDALE, Fla., May 2, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported record first quarter net income of $25.2 million, an increase of 13.0%, or $2.9 million, over the same quarter in 2015. Diluted earnings per share (EPS) were $0.71 for the first quarter of 2016, an increase of 14.5%, or $0.09 per share, over the same quarter in 2015.Â
"I am very pleased with our outstanding first quarter results, which we achieved notwithstanding the most active severe weather experienced in the first quarter in Florida in company history," said Sean P. Downes, Universal's Chairman and Chief... More
