Loading...
•
Mar 31, 2022
Universal Insurance Q1 2022 Earnings Report
Reported first quarter diluted GAAP earnings per share of $0.56 and non-GAAP adjusted EPS of $0.64.
Key Takeaways
Universal Insurance Holdings reported a 16.9% annualized ROE despite a challenging environment. Direct premiums written increased by 8.5% year-over-year, driven by rate increases, while the company focused on improving underwriting profitability and combined ratio.
Diluted GAAP earnings per share of $0.56, non-GAAP adjusted EPS of $0.64
Annualized return on average equity of 16.9%
Direct premiums written of $396.5 million, up 8.5% from the prior year quarter
Net combined ratio of 97.9%, up 4.8 points from the prior year quarter
Revenue by Geographic Location
Forward Guidance
The Company is maintaining its guidance for 2022 (assuming no further extraordinary weather events and no realized or unrealized gains in 2022)
Positive Outlook
- GAAP and Non-GAAP Adjusted EPS in a range of $1.80 - $2.20
- Annualized return on average equity in a range of 12.5% - 15.0%
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
Loading earnings performance data...
Loading earnings reaction data...