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Universal Insurance Holdings, Inc. reports developments as a property and casualty insurance holding company focused on personal residential homeowners lines. Through insurance subsidiaries, it develops, markets and writes policies and provides risk management, claims management and distribution services, using appointed independent agents and direct online channels in the United States, with a primary Florida presence.
Recurring company updates cover quarterly underwriting and investment results, direct and net premiums, loss ratios, book value, return on common equity and reinsurance placement. Other announcements include common-stock dividends, share repurchase authorizations, credit ratings and debt refinancing activity tied to the holding company's senior unsecured obligations.
Universal Insurance Holdings (NYSE: UVE) is set to release its third-quarter results after the market closes on October 27, 2021. A conference call will follow on October 28, 2021, at 9:00 a.m. ET, to discuss financial outcomes. UVE specializes in property and casualty insurance, primarily focused on personal residential homeowners lines, and operates in 19 states, mainly in Florida. Investors can access the live call via telephone or through a webcast on their website.
Universal Insurance Holdings (NYSE: UVE) reported a Q2 2021 diluted EPS of $0.70, up 12.9% YOY, with direct premiums written increasing by 17.0% to $473.6 million. The company achieved an annualized return on average equity of 18.7%, supported by primary rate increase filings to address social inflation effects in Florida. However, net investment income declined by 53.7% due to lower yields from reinvested portfolios. A quarterly cash dividend of $0.16 was declared, payable on August 9, 2021. Guidance for 2021 maintains EPS between $2.75 - $3.00.
Universal Insurance Holdings (NYSE: UVE) has declared a quarterly cash dividend of 16 cents per share, payable on August 9, 2021. Shareholders of record as of August 2, 2021 will receive this dividend. The company specializes in property and casualty insurance, primarily for personal residential homeowners. It operates in 19 states, focusing mainly on Florida, and offers insurance through independent agents and direct online channels.
Universal Insurance Holdings, Inc. (UVE) is set to release its second-quarter 2021 results after NYSE trading on July 28, 2021. A conference call will follow on July 29, 2021, at 9:00 a.m. ET, to discuss the financial outcomes. The company specializes in property and casualty insurance, focusing on homeowners' insurance in 19 states, primarily Florida. Investors should tune in to gain insights into UVE's financial performance and future outlook during the earnings call.
Universal Insurance Holdings, Inc. (UVE) announced the completion of its 2021-2022 reinsurance programs through its subsidiaries, UPCIC and APPCIC, effective June 1, 2021. Key highlights include securing $3.413 billion for a single Florida event and $383 million of catastrophe capacity extending through 2023. The company increased its first event catastrophe retention for Florida to $45 million, reflecting 7.5% of stockholder equity. Despite rising reinsurance costs, UVE anticipates better positioning due to ongoing primary rate increases and enhanced risk mitigation strategies.
Universal Insurance Holdings (NYSE: UVE) announced a strong start to 2021 with a diluted EPS of $0.84 and total revenue of $262.8 million, marking an 11.7% increase year-over-year. The company experienced margin expansion exceeding 200 basis points and an annualized return on average equity of 23.2%. CEO Stephen J. Donaghy highlighted progress on their reinsurance program and noted the passage of Florida Senate Bill 76, aimed at improving property insurance access. However, the firm has actively reduced policy counts due to market pressures.
Universal Insurance Holdings (NYSE: UVE) has declared a quarterly cash dividend of 16 cents per share, scheduled for payment on May 21, 2021. This dividend is for shareholders on record as of the close of business on May 14, 2021. As a leader in property and casualty insurance, UVE provides services primarily in Florida and offers various insurance products through independent agents and online channels.
Universal Insurance Holdings, Inc. (NYSE: UVE) will release its first quarter 2021 financial results on April 28, 2021, after the market closes. A conference call to discuss these results is scheduled for April 29, 2021, at 9:00 a.m. ET. Investors can listen via dial-in or through a live webcast available on the company's website. Universal Insurance is involved in property and casualty insurance, focusing on personal residential homeowners' insurance primarily in Florida.
Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend of 16 cents per share, payable on March 18, 2021. Shareholders must be on record by the close of business on March 11, 2021 to qualify for the payment. The company is recognized for its provision of property and casualty insurance, particularly in the homeowners insurance sector. UVE operates primarily in Florida and offers services like risk and claims management through independent agents and direct online channels.
Universal Insurance Holdings (NYSE: UVE) reported a fourth quarter GAAP diluted EPS of $(0.57) and non-GAAP adjusted EPS of $(0.84) for 2020. Despite a 21.9% increase in direct premiums written, total revenue grew by 14.1% to $273.1 million. The company faced record weather events impacting results. Underwriting improved, with policies in force rising 10.9%. Total net investment income fell by 62.7%, while repurchases of 1.6 million shares were made in 2020. For 2021, UVE projects EPS between $2.75 - $3.00, assuming no extraordinary weather events.