Universal Insurance Holdings Reports First Quarter 2021 Results

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Go back to Universal Insurance Holdings Reports First Quarter 2021 Results

Universal Insurance (UVE) Tops Q1 EPS by 15c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus

April 28, 2021 4:19 PM EDT

Universal Insurance (NYSE: UVE) reported Q1 EPS of $0.84, $0.15 better than the analyst estimate of $0.69. Revenue for the quarter came in at $262.8 million versus the consensus estimate of $249.14 million.

1Q21 total revenue up 11.7% to $262.8 million1Q21 direct premiums written up 9.2%1Q21 diluted GAAP and non-GAAP1 adjusted earnings per share (EPS) of $0.841Q21 combined ratio of 93.1%1Q21 margin expansion in excess of 200 basis points1Q21 annualized return on average equity of 23.2%

We are off to a strong... More