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Mar 31, 2021
Universal Insurance Q1 2021 Earnings Report
Reported strong first quarter results with double-digit top-line growth and margin expansion.
Key Takeaways
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%.
Revenue by Geographic Location
Forward Guidance
The Company is maintaining its guidance for 2021 (assuming no further extraordinary weather events and no realized or unrealized gains in 2021):
Positive Outlook
- GAAP and Non-GAAP Adjusted EPS in a range of $2.75 - $3.00
- Annualized return on average equity in a range of 17.0% - 19.0%
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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