Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Universal Insurance (UVE)
:UVE
RESEARCH TOOLSreports
Holding UVE?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.43Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -2.02%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted growth in core revenue and market expansion efforts, which are positive indicators. However, these positives were overshadowed by increased losses due to higher weather-related claims and rising expense ratios, leading to a significant adjusted loss per share.Company Guidance
In the third quarter of 2024, Universal (UVE) experienced a significant increase in adjusted loss per common share, reaching $0.73 compared to $0.16 in the previous year, primarily due to lower underwriting income. The core revenue saw a 5.4% year-over-year growth to $381.4 million, driven by an increase in net premiums earned, net investment income, and commission revenue. Direct premiums written increased by 8% to $574.4 million, with notable growth outside Florida at 32.9%. The net combined ratio rose to 116.9%, reflecting higher net loss and expense ratios, with the net loss ratio alone increasing by 4.7 points due to weather-related losses like Hurricane Helene. Additionally, the company repurchased 226,000 shares for $4.4 million and declared a dividend of $0.16 per share. Despite the challenges, the company expressed optimism about future underwriting results, supported by favorable legislative reforms and strategic market expansions.Core Revenue Growth
Core revenue reached $381.4 million, marking a 5.4% increase year-over-year, driven by higher net premiums earned, net investment income, and commission revenue.
Expansion into New Markets
The company expanded its market reach by opening for business in Wisconsin, its 19th state, enhancing market diversification and growth potential.
Favorable Reserve Development
The company reported a favorable reserve development of approximately $2.2 million from prior year catastrophe events.
Direct Premiums Growth
Direct premiums written increased by 8% from the prior year quarter, with notable growth of 32.9% in states outside Florida.
---
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
---
UVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $16.60 | $20.32 | +22.41% |
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.
---
FAQ
When does Universal Insurance (UVE) report earnings?
Universal Insurance (UVE) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Universal Insurance (UVE) earnings time?
Universal Insurance (UVE) earnings time is at Feb 20, 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 2024 (Q4) is 0.08.
---