Universal Insurance (UVE) Tops Q2 EPS by 25c, Revenues Beat

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Go back to Universal Insurance (UVE) Tops Q2 EPS by 25c, Revenues Beat

Universal Insurance Holdings, Inc. Reports Second Quarter 2018 Results

July 25, 2018 4:15 PM EDT

FORT LAUDERDALE, Fla., July 25, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $46.1 million and $1.29, respectively for the second quarter of 2018.

Universal Insurance Holdings, Inc. Chairman and Chief Executive Officer Sean P. Downes commented: "Universal once again reported excellent top line growth and strong underwriting profitability, leading to a solid bottom line result and an annualized ROE of 37.8% for the second quarter.  We continue to post strong organic growth in our home state of Florida, while our expansion... More