Universal Insurance (UVE) Tops Q2 EPS by 9c

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Go back to Universal Insurance (UVE) Tops Q2 EPS by 9c

Universal Insurance Holdings Reports Second Quarter 2021 Results

July 28, 2021 4:15 PM EDT

2Q21 total revenue up 10.5% to $279.2 million 2Q21 direct premiums written up 17.0% 2Q21 diluted GAAP earnings per share (EPS) of $0.70, non-GAAP adjusted EPS1 of $0.65 2Q21 combined ratio of 97.3% 2Q21 annualized return on average equity of 18.7% Florida primary average rate increase of 14.9% for UPCIC filed during 2Q21

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (the Company) reported 2021 second quarter diluted EPS of $0.70 on a GAAP basis and $0.65 on a non-GAAP1 adjusted basis. Quarterly direct premiums written were up 17.0% from the year-ago quarter to $473.6... More