Universal Insurance (UVE) Tops Q3 EPS by 10c

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Go back to Universal Insurance (UVE) Tops Q3 EPS by 10c

Universal Insurance Holdings, Inc. Reports Third Quarter 2016 Financial Results

November 2, 2016 4:17 PM EDT

FORT LAUDERDALE, Fla., Nov. 2, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported third quarter net income of $26.9 million, a decrease of 11.3%, or $3.4 million, from the same quarter in 2015.  Diluted earnings per share (EPS) were $0.75 for the third quarter of 2016, a decrease of 10.7%, or $0.09 per share, from the same quarter in 2015.

"During the third quarter, Universal reported record top line results with record premiums earned, net and total revenues and strong profitability even as we experienced severe weather in our coverage areas," said Sean P. Downes, Universal's... More