Universal Insurance Holdings Reports Fourth Quarter 2018 Results
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Universal Insurance (UVE) Misses Q4 EPS by 20c, Revenues Miss
February 28, 2019 4:19 PM ESTUniversal Insurance (NYSE: UVE) reported Q4 EPS of $0.13, $0.20 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $216.37 million versus the consensus estimate of $226.55 million.
"We reported strong top line growth, book value growth and return on equity for the year, marking our sixth consecutive year with greater than 20% return on equity, despite three consecutive years of active catastrophic events and the systemic claims representation in Florida that resulted in an increase in prior year development.... More
