Universal Insurance Holdings reported a strong start to 2021 with total revenue up 11.7% to $262.8 million and diluted EPS of $0.84 on both a GAAP and non-GAAP adjusted basis. The company experienced margin expansion and achieved an annualized return on average equity of 23.2%.
Total revenue increased by 11.7% to $262.8 million.
Diluted GAAP and non-GAAP adjusted EPS were $0.84.
The combined ratio was 93.1%.
Annualized return on average equity was 23.2%.
The Company is maintaining its guidance for 2021 (assuming no further extraordinary weather events and no realized or unrealized gains in 2021):
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance