Universal Insurance (UVE) Tops Q1 EPS by 6c

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Go back to Universal Insurance (UVE) Tops Q1 EPS by 6c

Universal Insurance Holdings, Inc. Reports First Quarter 2017 Financial Results

April 25, 2017 4:15 PM EDT

FORT LAUDERDALE, Fla., April 25, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $31.2 million and $0.86, respectively for the first quarter of 2017.

Universal Insurance Holdings, Inc. Chairman and Chief Executive Officer Sean P. Downes commented: "During the first quarter, Universal reported excellent top line growth and substantial underwriting profit, leading to a strong bottom line result and a 31.4% return on average equity.  Although the quarter included losses from weather events beyond plan, our claims handling organization performed up... More