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Dec 31, 2019
Universal Insurance Q4 2019 Earnings Report
Universal Insurance Holdings experienced a challenging quarter, with revenue growth offset by significant pre-tax charges, impacting EPS negatively.
Key Takeaways
Universal Insurance Holdings reported a 10.6% increase in Q4 total revenue to $239.4 million, but diluted GAAP EPS was $(1.55) and non-GAAP adjusted EPS was $(1.57). The results were affected by prior years' adverse development, reduced subrogation recoveries, current year strengthening, and weather events above plan.
Total revenue increased by 10.6% to $239.4 million in Q4 2019.
Diluted GAAP EPS was reported at $(1.55) for Q4 2019.
Non-GAAP adjusted EPS was $(1.57) for Q4 2019.
Direct premiums written increased by 12.5% year-over-year to $302.7 million.
Revenue by Segment
Forward Guidance
Universal Insurance initiated FY20 guidance with GAAP and non-GAAP adjusted EPS between $2.80 - $3.10, assuming no extraordinary weather events, and a Return on Average Equity of 17% - 20%.
Positive Outlook
- GAAP and Non-GAAP Adjusted EPS in a range of $2.80 - $3.10 (assuming no extraordinary weather events in 2020)
- Annualized return on average equity in a range of 17% - 20%
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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