Welcome to our dedicated page for Universal Ins Hldgs news (Ticker: UVE), a resource for investors and traders seeking the latest updates and insights on Universal Ins Hldgs stock.
Universal Insurance Holdings Inc. (UVE) delivers specialized residential insurance solutions through focused underwriting and risk management expertise. This news hub provides investors and industry observers with direct access to UVE's official communications and strategic developments.
Find timely updates on earnings announcements, regulatory filings, product innovations, and leadership changes. Our curated collection ensures transparent access to UVE's operational milestones without promotional bias or speculative analysis.
Key content categories include quarterly financial results, claims management initiatives, market expansion updates, and corporate governance news. Each release is presented in its original form to maintain regulatory compliance and informational integrity.
Bookmark this page for efficient tracking of UVE's evolving position in the property insurance sector. Combine regular monitoring with independent financial research to inform your understanding of the company's market trajectory.
Universal Insurance Holdings (NYSE: UVE) has announced a new share repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to $20 million of its outstanding common stock through May 1, 2027. The company plans to execute these repurchases through open market transactions at prevailing market prices, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and the company's insider trading policy.
Universal Insurance Holdings (NYSE: UVE) reported strong Q1 2025 results with diluted GAAP earnings per share of $1.44, up 26.3% year-over-year. Total revenues increased 7.3% to $394.9 million, while net income rose 23.1% to $41.4 million.
Key performance metrics include direct premiums written of $467.1 million (up 4.7%), driven by 34.7% growth in other states but offset by a 3.0% decrease in Florida. The company maintained a stable ceded premium ratio of 30.7% and improved its combined ratio to 95.0%, down 0.5 points from the previous year.
The company reported lower weather losses and secured its 2025-2026 reinsurance renewal, including $352 million of additional multi-year coverage through 2026-2027. Book value per share increased 18.1% to $14.98, while adjusted book value per share rose 9.5% to $16.79.
Universal Insurance Holdings (NYSE: UVE) has announced two key updates: First, the Board of Directors has declared a quarterly cash dividend of $0.16 per share of common stock, which will be payable on May 16, 2025, to shareholders of record as of May 9, 2025.
Additionally, the company has scheduled its first quarter 2025 earnings release for April 24, 2025, after market close, followed by a conference call on April 25, 2025, at 10:00 a.m. ET to discuss the financial results. Investors can access the call through a webcast or teleconference.
Universal Insurance Holdings announced the successful conclusion of a state review regarding its Hurricane Irma claims data from September 2017. The company fully refuted allegations of fraudulent submission made by a former employee who left in mid-2018, leading to the case's formal dismissal. The review's resolution falls within an amount accrued by the company over two years ago, resulting in no current or future financial impact.
The investigation stemmed from allegations about improper inclusion of non-Irma claims in preliminary reports to the Florida Hurricane Catastrophe Fund. The company's comprehensive review led to reassessment of approximately 1% of Hurricane Irma claims. Notably, Hurricane Irma represents the company's largest loss event, with costs escalating from an initial $450 million estimate to $2 billion due to Florida's pre-reform litigation environment.
Universal Insurance Holdings (NYSE: UVE) reported Q4 2024 results with diluted GAAP EPS of $0.21 and adjusted EPS of $0.25. The company achieved direct premiums written of $470.9 million, up 8.8% year-over-year, with revenue reaching $384.8 million, a 2.5% increase.
Key highlights include a book value per share of $13.28 (up 12.7% YoY) and total capital returned to shareholders of $16.2 million, including $7.7 million in share repurchases and dividends of $0.29 per share. The company faced challenges with three hurricanes (Debbie, Helene, and Milton) impacting performance, resulting in a net combined ratio of 107.9% and net income of $6.0 million, down from $20.0 million in the prior year quarter.
Notable metrics include a 6.2% annualized ROCE, 82.3% net loss ratio, and 92% placement of their 2025 first event catastrophe tower. The company has secured additional multi-year capacity for the 2026 hurricane season and recently filed for a modest rate decrease in Florida.
Universal Insurance Holdings (NYSE: UVE) has announced its schedule for fourth quarter 2024 earnings release and conference call. The company will release its Q4 2024 financial results after market close on Tuesday, February 25, 2025. A conference call to discuss these results is scheduled for Wednesday, February 26, 2025, at 10:00 a.m. ET.
Investors can participate through an online webcast at the company's investor relations website or via teleconference by pre-registering through the provided link. After registration, participants will receive a personalized dial-in number and conference code. A replay of the call will be available on the company's website following the event.
Universal Insurance Holdings (NYSE: UVE) has announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share of common stock. The dividend will be payable on March 14, 2025, to shareholders of record as of the close of business on March 7, 2025.
Universal Insurance Holdings (NYSE: UVE) has announced two dividend payments: a regular quarterly cash dividend of $0.16 per share and a special cash dividend of $0.13 per share, totaling $0.29 per share of common stock. Both dividends will be paid on December 13, 2024, to shareholders of record as of December 6, 2024. With this announcement, UVE's total declared dividends for 2024 reach $0.77 per share.
Universal Insurance Holdings reported Q3 2024 results with a loss per share of $0.57 and adjusted loss per share of $0.73. Direct premiums written increased 8.0% to $574.4 million, driven by 2.1% growth in Florida and 32.9% growth in other states. The company's book value per share rose 37.0% year-over-year to $14.15, while adjusted book value per share increased 12.6% to $15.76. Total revenues grew 7.6% to $387.6 million. The company returned $9.1 million to shareholders, including $4.4 million in share repurchases and a $0.16 per share dividend. The net combined ratio increased to 116.9%, reflecting higher weather-related losses primarily from Hurricane Helene.
Universal Insurance Holdings, Inc. (NYSE: UVE) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its Q3 2024 results after market close on Thursday, October 24, 2024. A conference call to discuss the financial results is scheduled for Friday, October 25, 2024, at 10:00 a.m. ET.
Investors and interested parties can participate in the call through two methods:
- An online, real-time webcast available at universalinsuranceholdings.com/investors
- A teleconference by registering in advance at https://register.vevent.com/register/BI790e26e2fbb842a28dbb61116474c3ae
After registration, participants will receive a personalized dial-in number and conference code. An online replay of the call will be available on the company's investor website shortly after the call concludes.
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