Universal Insurance (UVE) Tops Q3 EPS by 11c, Revenues Beat

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Go back to Universal Insurance (UVE) Tops Q3 EPS by 11c, Revenues Beat

Universal Insurance Holdings Reports Third Quarter 2019 Results

October 30, 2019 4:15 PM EDT

 

3Q19 total revenue up 11.4% to $229.6 million; YTD19 up 15.2% to $699.9 million 3Q19 direct premiums written (DPW) up 10.9% to $342.9 million; YTD19 up 7.4% to $990.1 million 3Q19 other states (non-Florida) DPW up 27.6%; YTD19 up 29.1% 3Q19 diluted GAAP earnings per share (EPS) of $0.59, non-GAAP adjusted EPS1 of $0.61 Year-over-year book value per share up 12.7% to $17.13 YTD19 diluted GAAP EPS of $2.82, non-GAAP adjusted EPS1 of $2.67 YTD19 combined ratio of 90.5% YTD19 annualized return on average equity of 23.9% YTD19 Returned a record $49.9 million to shareholders through opportunistic share repurchases

FORT LAUDERDALE, Fla.--(BUSINESS... More