Universal Insurance Holdings Reports Third Quarter 2020 Results

Go back to Universal Insurance Holdings Reports Third Quarter 2020 Results

Universal Insurance (UVE) Misses Q2 EPS by $1.21, Revenues Beat; Lowers FY20 EPS Guidance Below Consensus

October 27, 2020 4:19 PM EDT

Universal Insurance (NYSE: UVE) reported Q2 EPS of ($1.43), $1.21 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $311.7 million versus the consensus estimate of $253.58 million.

3Q20 total revenue up 35.7% to $311.7 million3Q20 direct premiums written up 19.4%3Q20 diluted GAAP earnings per share (EPS) of $(0.10), non-GAAP adjusted EPS1 of $(1.43)Book value per share increased 0.1% since the end of 2019 to $15.15 despite elevated industry-wide weather activityYTD... More