Universal Insurance (UVE) Tops Q2 EPS by 11c

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Go back to Universal Insurance (UVE) Tops Q2 EPS by 11c

Universal Insurance Holdings, Inc. Reports Record Financial Results for the Second Quarter of 2016

July 28, 2016 4:15 PM EDT

FORT LAUDERDALE, Fla., July 28, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported record quarterly net income of $33.6 million, an increase of 36.2%, or $8.9 million, over the same quarter in 2015.  Diluted earnings per share (EPS) were $0.94 for the second quarter of 2016, an increase of 36.2%, or $0.25 per share, over the same quarter in 2015. 

"Our record second quarter results reflect the strength of our integrated business model and consistent operational execution across the company," said Sean P. Downes, Universal's Chairman and Chief Executive Officer. "We are pleased with our continued geographic... More