Universal Insurance (UVE) Tops Q1 EPS by 4c, Revenues Miss
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Universal Insurance Holdings Reports First Quarter 2020 Results
April 27, 2020 4:15 PM EDT1Q20 direct premiums written (DPW) up 15.7% to $334.6 million 1Q20 other states (non-Florida) DPW up 19.0% 1Q20 diluted GAAP earnings per share (EPS) of $0.61, non-GAAP adjusted EPS1 of $0.79 Book value per share increased 0.9% to $15.26 when compared to last quarter, despite COVID-19 impacts on fair value of debt securities and equity markets in the latter half of March 1Q20 combined ratio of 94.1% 1Q20 annualized return on average equity of 16.1% Returned $11.8 million to shareholders through share repurchases and dividendsÂ
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE:... More
