Universal Insurance Holdings Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 delivered strong growth with a 38.5% adjusted ROE, higher EPS, and robust premium increases across states. The reinsurance program is fully secured through 2027-2028, and capital management remains focused on supporting insurance entities and shareholder returns.
Fiscal Year 2025
-
Adjusted EPS surged to $2.17 from $0.25 year-over-year, driven by higher premiums and lower loss ratios. Robust capital, strong retention, and favorable legislative reforms support a positive outlook, with new share repurchase and dividend programs announced.
-
Reported strong Q3 results with a 30.6% adjusted ROE and $1.36 adjusted EPS, driven by improved loss ratios and premium growth outside Florida. Booked $3.9 million in prior year catastrophe development and continued share repurchases and dividends.
-
Reported strong 29.4% adjusted ROE and $1.23 adjusted EPS, with revenue and premium growth driven by expansion outside Florida. Reinsurance costs remained stable despite recent storms, and share repurchases and dividends continued.
-
Adjusted diluted EPS rose to $1.44 on higher underwriting and investment income, with core revenue up 8.2% year-over-year. The 2025-2026 reinsurance program was completed early, securing $352 million in multi-year coverage and maintaining a conservative reserving approach.
Fiscal Year 2024
-
Adjusted EPS fell to $0.25 due to lower underwriting income, while core revenue grew 5.7% year-over-year. Strong premium growth outside Florida and early reinsurance placements support future stability.
-
Adjusted loss per share widened to $0.73 due to higher weather losses, despite 5.4% core revenue growth and strong premium gains outside Florida. Catastrophe losses from three hurricanes were largely offset by reinsurance, and underwriting trends are improving.
-
Second quarter saw strong adjusted EPS and return on equity growth, driven by underwriting and investment income. Policies in force increased, reinsurance renewal was completed with modest cost rise, and share repurchases plus a dividend were announced.