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Jun 30, 2021
Universal Insurance Q2 2021 Earnings Report
Reported solid second quarter results, highlighted by an 18.7% annualized return on average equity.
Key Takeaways
Universal Insurance Holdings reported a 10.5% increase in total revenue to $279.2 million for Q2 2021. The company's diluted GAAP EPS was $0.70, and non-GAAP adjusted EPS was $0.65. The annualized return on average equity was 18.7%.
Total revenue was up 10.5% to $279.2 million.
Direct premiums written increased by 17.0%.
Diluted GAAP earnings per share were $0.70, and non-GAAP adjusted EPS was $0.65.
The combined ratio was 97.3%.
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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