Universal Insurance (UVE) Reports Q2 EPS of $0.47

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Go back to Universal Insurance (UVE) Reports Q2 EPS of $0.47

Universal Reports Second Quarter 2022 Results

July 27, 2022 4:15 PM EDT

Diluted GAAP earnings per share (EPS) of $0.24, adjusted EPS1 of $0.47 Annualized return on average common equity (ROCE) of 7.7%, adjusted1 ROCE of 12.8% Direct premiums written of $532.5 million, up 12.4% from the prior year quarter Repurchased 282,552 shares for $3.5 million. Total capital returned to shareholders of $8.5 million, including $0.16 per share regular quarterly dividend.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (Universal or the Company) reported 2022 second quarter diluted GAAP EPS of $0.24 and adjusted EPS of... More