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

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

Universal Insurance Holdings Reports First Quarter 2021 Results

April 28, 2021 4:15 PM EDT

1Q21 total revenue up 11.7% to $262.8 million 1Q21 direct premiums written up 9.2% 1Q21 diluted GAAP and non-GAAP1 adjusted earnings per share (EPS) of $0.84 1Q21 combined ratio of 93.1% 1Q21 margin expansion in excess of 200 basis points 1Q21 annualized return on average equity of 23.2%

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (the Company) reported 2021 first quarter diluted EPS of $0.84 on a GAAP and non-GAAP1 adjusted basis. Total revenue was up 11.7% from the year ago quarter to $262.8 million. Margins expanded in excess of 200 basis... More