Universal Insurance Holdings smashed earnings with $1.84 EPS against a $1.43 estimate while its net loss ratio shrunk 7.5 points to 64.8%, the payoff from Florida's legislative reforms finally cutting litigation costs and cleaning up underwriting margins for the entire industry.
Universal Insurance Holdings :
UVE
UVE
Stock Data
$37.70
$0.10 (0.26%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
INSURANCE - PROPERTY & CASUALTY
Universal Insurance Holdings Inc is a comprehensive insurance provider based in Fort Lauderdale, Florida. Since its inception in 1990, the company has grown to offer a wide range of personal residential insurance products, including homeowners, renters, condo, and fire insurance, along with liability and personal property coverage. Universal Insurance not only develops and underwrites these products but also provides digital solutions for claims adjustments and policy management through its platform, Clovered.com. It serves customers through independent agents and direct online channels, emphasizing its commitment to both traditional and digital insurance solutions.
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