Universal Insurance (UVE) Tops Q3 EPS by 1c, Revenues Miss

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Go back to Universal Insurance (UVE) Tops Q3 EPS by 1c, Revenues Miss

Universal Insurance Holdings, Inc. Reports Third Quarter 2018 Results

October 29, 2018 4:15 PM EDT

FORT LAUDERDALE, Fla., Oct. 29, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $37.4 million and $1.04, respectively for the third quarter of 2018.

Universal Insurance Holdings, Inc. Chairman and Chief Executive Officer Sean P. Downes commented: "Despite the occurrence of several significant catastrophic events during the third quarter, Universal once again reported excellent top line growth, strong underwriting results, and meaningful bottom line profitability, with an outstanding annualized ROE of 28.4% for the quarter.  We continue to deliver strong organic growth within... More