Universal Insurance (UVE) Tops Q1 EPS by 7c
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Universal Reports First Quarter 2022 Results
April 28, 2022 4:15 PM EDTDiluted GAAP earnings per share (EPS) of $0.56, non-GAAP adjusted EPS1 of $0.64 Annualized return on average equity (ROE) of 16.9% Direct premiums written of $396.5 million, up 8.5% from the prior year quarter Direct premiums earned up 10.4% from the prior year quarter Net combined ratio of 97.9%, up 4.8 points from the prior year quarter Repurchased 320,528 shares for $3.9 million. Total capital returned to shareholders of $8.9 million, including $0.16 per share regular quarterly dividend.
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (Universal or the Company) reported 2022 first... More
