Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; allied lines, coverage for other structures, and personal property; and commercial residential multi-peril, as well as liability and personal articles coverages. The company also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; places and manages reinsurance programs for the insurance entities; and operates Clovered, in which consumers receive side-by-side quotes from multiple carriers across multiple states, as well as educational materials about homeowners insurance policies. It offers its products through a network of independent agents, as well as Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies. The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was incorporated in 1990 and is headquartered in Fort Lauderdale, Florida.
IPO Year:
Exchange: NYSE
Website: universalinsuranceholdings.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2023 | $11.00 → $19.00 | Neutral → Overweight | Piper Sandler |
Piper Sandler upgraded Universal Insurance from Neutral to Overweight and set a new price target of $19.00 from $11.00 previously
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Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share of common stock, together totaling 29 cents per share of common stock, both payable on December 13, 2024 to shareholders of record as of the close of business on December 6, 2024. Today's announcement brings total dividends declared in 2024 to 77 cents per share of common stock. About Universal Universal Insurance Holdings, Inc. (NYSE:UVE) is a holding company providing property and casualty insurance and value-added insurance services.
Loss per common share of $0.57; adjusted* loss per common share of $0.73 Direct premiums written of $574.4 million, up 8.0% from the prior year quarter Book value per share of $14.15, up 37.0% year-over-year; adjusted book value per share of $15.76, up 12.6% year-over-year Total capital returned to shareholders of $9.1 million, including $4.4 million of share repurchases and a $0.16 per share regular dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported third quarter 2024 results. *Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables. "Our hearts and thoughts go out to those impacted by recent disasters, inc
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") will issue a press release reporting its third quarter 2024 results after the market closes on Thursday, October 24, 2024. The company will host a conference call on Friday, October 25, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registering in advance via teleconference at https://register.vevent.com/register/BI790e26e2fbb842a28dbb61116474c3ae. Once registration is completed, participants will be provided with a dial-in number containing a personalized
Diluted GAAP earnings per common share (EPS) of $1.21; diluted adjusted* EPS of $1.18 Annualized return on average common equity ("ROCE") of 37.4%, annualized adjusted* return on average common equity of 30.5% Direct premiums written of $578.3 million, up 5.7% from the prior year quarter Book value per share of $13.79, up 24.0% year-over-year; adjusted book value per share of $16.44, up 14.9% year-over-year Total capital returned to shareholders of $10.1 million, including $5.3 million of share repurchases and a $0.16 per share regular dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported second quarter 2024 results. *Reconciliations of G
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable August 9, 2024 to shareholders of record as of the close of business on August 2, 2024. Universal will issue a press release reporting its second quarter 2024 results after the market closes on Thursday, July 25, 2024. The Company will host a conference call on Friday, July 26, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by r
Successfully secured a combined UPCIC and APPCIC catastrophe reinsurance program with no material changes to historical reinsurance partners or terms and conditions. Replaced $217M of cost-free Reinsurance to Assist Policyholders (RAP) coverage and $150M of expiring catastrophe bond coverage in the traditional reinsurance market. Total cost of the 2024-2025 reinsurance program for UPCIC and APPCIC projected to be approximately 33.0% of estimated direct earned premium for the 12-month treaty period, compared to 31.8% at this time last year, reflecting a modest 1.2-point year over year increase despite our demand for private market capacity increasing significantly. The largest priv
Diluted GAAP earnings per common share (EPS) of $1.14; diluted adjusted* EPS of $1.07 Annualized return on average common equity ("ROCE") of 38.1%, annualized adjusted* return on average common equity of 29.4% Direct premiums written of $446.2 million, up 8.8% from the prior year quarter Book value per share of $12.68, up 20.0% year-over-year; adjusted book value per share of $15.34, up 13.5% year-over-year Total capital returned to shareholders of $8.9 million, including $4.1 million of share repurchases and a $0.16 per share regular dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported first quarter 2024 results. "It was a strong quarte
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 17, 2024 to shareholders of record as of the close of business on May 10, 2024. Universal will issue a press release reporting its first quarter 2024 results after the market closes on Thursday, April 25, 2024. The company will host a conference call on Friday, April 26, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by regi
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through March 11, 2026. Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices. The Company intends to effect repurchase transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and the Company's insider trading policy. About Universal Universal Insurance Holdings, Inc. (NYSE:UVE) is a holding company providing property and casualty
Diluted GAAP earnings per common share (EPS) of $0.68; diluted adjusted* EPS of $0.43 Annualized return on average common equity ("ROCE") of 24.9%, annualized adjusted* ROCE of 12.4% Direct premiums written of $432.6 million, up 4.0% from the prior year quarter Book value per share of $11.78, up 24.4% year-over-year; adjusted book value per share of $14.34, up 11.2% year-over-year Total capital returned to shareholders of $12.3 million, including $3.6 million of share repurchases, a $0.16 per share regular dividend and a $0.13 per share special dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported fourth quarter and full year 2023 results.
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Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company"), announced today that William Degnan has been appointed Chief Claims Officer. Mr. Degnan was previously Executive Vice President, Claims of Alder Adjusting Corporation, Universal's wholly owned claims adjusting subsidiary. Mr. Degnan will continue to lead enterprise-wide claims processing and adjusting, overseeing over 300 professionals and multiple third-party relationships. "William has been instrumental to our claims department, helping to develop a first class organization that allows us to better serve our policyholders," said Steve Donaghy, Chief Executive Officer. "William has spearheaded multiple initiati
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company"), announced today that Elizabeth Hansen has been appointed Chief Actuary. Ms. Hansen was previously Senior Vice President of Blue Atlantic Reinsurance Corporation, a wholly owned subsidiary of Universal. In her new role, Ms. Hansen will oversee pricing, reserving and co-lead risk monitoring enterprise-wide. "Elizabeth is a highly tenured actuarial and risk management professional with significant expertise in our business," said Steve Donaghy, Chief Executive Officer. "Under her leadership, I'm confident that our actuarial function will thrive and make our overall organization stronger." Ms. Hansen is a Fellow of
Arash Soleimani appointed to Chief Strategy Officer Rob Luther promoted to Chief Investment Officer Gary Ropiecki promoted to Principal Accounting Officer Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") announced today the appointment of Arash Soleimani as Chief Strategy Officer and promoted Rob Luther and Gary Ropiecki to Chief Investment Officer and Principal Accounting Officer, respectively. Mr. Soleimani will oversee the strategy and investor relations functions, while Mr. Luther will oversee the $1B+ investment portfolio and support M&A activities, and Mr. Ropiecki will oversee Universal's enterprise-wide accounting and reporting functions. "I'm very plea
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Jason M. Burns will take on the role of President of Blue Atlantic, UVE’s fully-licensed reinsurance intermediary, effective immediately. “I am very pleased to announce that Jason Burns has been named President of Blue Atlantic. Jason will join us from Chubb Tempest Re where he spent 14 years as a property catastrophe and property pro rata underwriter in Bermuda and the US. Jason is a highly skilled reinsurance professional who is extremely well respected and regarded in the reinsurance business and understands the Florida market very well,” said Steve Donaghy, Chief Executiv
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share of common stock, together totaling 29 cents per share of common stock, both payable on December 13, 2024 to shareholders of record as of the close of business on December 6, 2024. Today's announcement brings total dividends declared in 2024 to 77 cents per share of common stock. About Universal Universal Insurance Holdings, Inc. (NYSE:UVE) is a holding company providing property and casualty insurance and value-added insurance services.
Loss per common share of $0.57; adjusted* loss per common share of $0.73 Direct premiums written of $574.4 million, up 8.0% from the prior year quarter Book value per share of $14.15, up 37.0% year-over-year; adjusted book value per share of $15.76, up 12.6% year-over-year Total capital returned to shareholders of $9.1 million, including $4.4 million of share repurchases and a $0.16 per share regular dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported third quarter 2024 results. *Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables. "Our hearts and thoughts go out to those impacted by recent disasters, inc
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") will issue a press release reporting its third quarter 2024 results after the market closes on Thursday, October 24, 2024. The company will host a conference call on Friday, October 25, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registering in advance via teleconference at https://register.vevent.com/register/BI790e26e2fbb842a28dbb61116474c3ae. Once registration is completed, participants will be provided with a dial-in number containing a personalized
Diluted GAAP earnings per common share (EPS) of $1.21; diluted adjusted* EPS of $1.18 Annualized return on average common equity ("ROCE") of 37.4%, annualized adjusted* return on average common equity of 30.5% Direct premiums written of $578.3 million, up 5.7% from the prior year quarter Book value per share of $13.79, up 24.0% year-over-year; adjusted book value per share of $16.44, up 14.9% year-over-year Total capital returned to shareholders of $10.1 million, including $5.3 million of share repurchases and a $0.16 per share regular dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported second quarter 2024 results. *Reconciliations of G
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable August 9, 2024 to shareholders of record as of the close of business on August 2, 2024. Universal will issue a press release reporting its second quarter 2024 results after the market closes on Thursday, July 25, 2024. The Company will host a conference call on Friday, July 26, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by r
Diluted GAAP earnings per common share (EPS) of $1.14; diluted adjusted* EPS of $1.07 Annualized return on average common equity ("ROCE") of 38.1%, annualized adjusted* return on average common equity of 29.4% Direct premiums written of $446.2 million, up 8.8% from the prior year quarter Book value per share of $12.68, up 20.0% year-over-year; adjusted book value per share of $15.34, up 13.5% year-over-year Total capital returned to shareholders of $8.9 million, including $4.1 million of share repurchases and a $0.16 per share regular dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported first quarter 2024 results. "It was a strong quarte
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 17, 2024 to shareholders of record as of the close of business on May 10, 2024. Universal will issue a press release reporting its first quarter 2024 results after the market closes on Thursday, April 25, 2024. The company will host a conference call on Friday, April 26, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by regi
Diluted GAAP earnings per common share (EPS) of $0.68; diluted adjusted* EPS of $0.43 Annualized return on average common equity ("ROCE") of 24.9%, annualized adjusted* ROCE of 12.4% Direct premiums written of $432.6 million, up 4.0% from the prior year quarter Book value per share of $11.78, up 24.4% year-over-year; adjusted book value per share of $14.34, up 11.2% year-over-year Total capital returned to shareholders of $12.3 million, including $3.6 million of share repurchases, a $0.16 per share regular dividend and a $0.13 per share special dividend Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") reported fourth quarter and full year 2023 results.
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable March 15, 2024 to shareholders of record as of the close of business on March 8, 2024. Universal will issue a press release reporting its fourth quarter 2023 results after the market closes on Thursday, February 22, 2024. The company will host a conference call on Friday, February 23, 2024, at 10:00 a.m. ET to discuss financial results. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors
Universal Insurance Holdings, Inc. (NYSE:UVE) ("Universal" or the "Company") announced today that its Board of Directors has declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share of common stock, together totaling 29 cents per share of common stock, both payable on December 15, 2023 to shareholders of record as of the close of business on December 8, 2023. Today's announcement brings total dividends declared in 2023 to 77 cents per share of common stock. About Universal Universal Insurance Holdings, Inc. (NYSE:UVE) is a holding company providing property and casualty insurance and value-added insurance services.