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Mar 31, 2020
Universal Insurance Q1 2020 Earnings Report
Reported first quarter diluted EPS of $0.61 on a GAAP basis and $0.79 non-GAAP adjusted EPS.
Key Takeaways
Universal Insurance Holdings reported a solid start to 2020 with first quarter results showing an annualized return on average equity of 16.1%. Direct premiums written were up 15.7% to $334.6 million. The company is well-positioned with a debt-to-equity ratio less than 2.0% and is accruing more reserves than at any point in its history.
Direct premiums written increased by 15.7% to $334.6 million.
Other states (non-Florida) direct premiums written increased by 19.0%.
Diluted GAAP earnings per share were $0.61, and non-GAAP adjusted EPS was $0.79.
The combined ratio was 94.1%.
Revenue by Geographic Location
Forward Guidance
The company believes they remain well positioned for 2020 and remain resolute in serving their consumers and creating value for their stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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