UPDATE: Universal Insurance (UVE) Tops Q1 EPS by 6c, Slight Beat on Revenues (CORRECTION)
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Universal Insurance Holdings Reports First Quarter 2019 Results
April 24, 2019 4:15 PM EDTFORT LAUDERDALE, Fla., April 24, 2019 /PRNewswire/ -- Universal Insurance Holdings (NYSE: UVE) (the "Company") reported 2019 first quarter diluted EPS of $1.14 on a GAAP basis and $1.00 non-GAAP adjusted EPS1. Total revenue was up 23.5% from the year-ago quarter to $236.6 million. Book value per share grew to $15.57, an increase of 17.2% year over year, with an annualized return on average equity of 30.4%.
"We are off to a good start to 2019 with solid first quarter results, including a 31.5% increase in other states direct premiums written, strong performance from our investment portfolio, and a total annualized... More
