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Sep 30, 2021
Universal Insurance Q3 2021 Earnings Report
Reported third quarter diluted EPS of $0.64 on a GAAP basis and $0.63 on a non-GAAP adjusted basis.
Key Takeaways
Universal Insurance Holdings reported a diluted EPS of $0.64 on a GAAP basis and $0.63 on a non-GAAP adjusted basis for Q3 2021. Direct premiums earned were up 15.0% year-over-year to $410.6 million, with an annualized return on average equity of 16.4%.
Direct premiums earned increased by 15.0% driven by primary rate increases.
GAAP EPS was $0.64, and non-GAAP adjusted EPS was $0.63.
The combined ratio was 98.6%.
Annualized return on average equity was 16.4%.
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
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Avg. Return Before/After Earnings
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