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Universal Insurance Holdings Inc (UVE)
NYSE:UVE
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.12Last Year’s EPS
1.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 8.53%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view: while there was significant growth in premiums and successful placement of reinsurance, the company faced challenges with decreased earnings, higher combined and loss ratios, and increased expenses.Company Guidance
During Universal's Fourth Quarter 2024 earnings call, several key metrics and guidance details were highlighted. The company reported an adjusted diluted earnings per common share of $0.25, a decrease from $0.43 the previous year, largely due to lower underwriting income offset by higher net investment income and commission revenue. Core revenue increased by 5.7% to $386.4 million, driven by higher net premiums earned and investment income. Direct premiums written rose by 8.8% to $470.9 million, with notable growth in non-Florida states at 38.4%. The net combined ratio increased by 4.2 points to 107.9%, reflecting a higher loss ratio of 82.3% due to weather-related losses. The company repurchased 370,000 shares costing $7.7 million and declared a quarterly dividend of $0.16 per share. Universal also reported significant progress in securing reinsurance for 2025, with 92% of their first event catastrophe tower placed and additional capacity secured for 2026.Growth in Premiums
Direct premiums written were $470.9 million, up 8.8% from the prior year quarter, with 0.8% growth in Florida and 38.4% growth in other states, reflecting higher policies in force and inflation adjustments.
Reinsurance Program Progress
92% of the first event catastrophe tower for 2025 reinsurance program already placed, with significant multiyear capacity secured for the 2026 hurricane season.
Dividend Declaration
Declared a regular quarterly cash dividend of $0.16 per common share, payable on March 14, 2025.
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UVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $20.51 | $22.41 | +9.26% |
| Oct 24, 2024 | $19.84 | $18.99 | -4.28% |
| Jul 25, 2024 | $19.57 | $18.70 | -4.45% |
| Apr 25, 2024 | $19.72 | $18.98 | -3.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Universal Insurance Holdings Inc (UVE) report earnings?
Universal Insurance Holdings Inc (UVE) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Universal Insurance Holdings Inc (UVE) earnings time?
Universal Insurance Holdings Inc (UVE) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UVE EPS forecast?
UVE EPS forecast for the fiscal quarter 2025 (Q1) is 1.12.
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