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Sep 30, 2023
Universal Insurance Q3 2023 Earnings Report
Universal Insurance reported third quarter 2023 results with a loss per share of $0.20 and adjusted loss per share of $0.16.
Key Takeaways
Universal Insurance Holdings reported third quarter 2023 results, with direct premiums written up 6.3% year-over-year and a net combined ratio down 28.5 points from the prior year quarter. The company repurchased approximately 894 thousand shares for $12.3 million and declared a quarterly cash dividend of $0.16 per share.
Loss per common share of $0.20; adjusted loss per common share of $0.16.
Direct premiums written of $532.0 million, up 6.3% from the prior year quarter.
Net combined ratio of 110.7%, down 28.5 points from the prior year quarter.
Book value per share of $10.33, up 21.0% year-over-year; adjusted book value per share of $14.00, up 13.5% year-over-year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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