Universal Insurance (UVE) Misses Q4 EPS by 20c, Revenues Miss

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Go back to Universal Insurance (UVE) Misses Q4 EPS by 20c, Revenues Miss

Universal Insurance Holdings Reports Fourth Quarter 2018 Results

February 28, 2019 4:17 PM EST

FORT LAUDERDALE, Fla., Feb. 28, 2019 /PRNewswire/ --

4Q18 direct premiums written (DPW) up 12.3% to $268.9 million; FY18 up 12.8% to $1.2 billion 4Q18 other states DPW up 33.9%; FY18 other states up 34.6% 4Q18 diluted GAAP earnings per share (EPS) of $(0.18), non-GAAP adjusted EPS1 of $0.13 Year-over-year book value per share up 13.8% to $14.42 FY18 diluted GAAP EPS up 9.4% to $3.27, non-GAAP adjusted EPS1 up 39.3% to $4.11 FY18 combined ratio of 87.3% FY18 return on average equity of 24.1%

1 Excludes net realized and unrealized gains and losses on investments as well as extraordinary reinstatement premiums and... More