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Dec 31, 2020
Universal Insurance Q4 2020 Earnings Report
Reported fourth quarter results with revenue increase but impacted by weather events.
Key Takeaways
Universal Insurance Holdings reported a 14.1% increase in Q4 total revenue to $273.1 million, driven by growth in net premiums earned. However, the company experienced a GAAP EPS of $(0.57) and a non-GAAP adjusted EPS of $(0.84), impacted predominantly by weather events.
Total revenue increased by 14.1% to $273.1 million.
Direct premiums written increased by 21.9% to $368.8 million.
GAAP EPS was $(0.57) and non-GAAP adjusted EPS was $(0.84).
Premium in force exceeded $1.5 billion.
Revenue by Geographic Location
Forward Guidance
Universal initiated guidance for fiscal year 2021 with GAAP and Non-GAAP Adjusted EPS in the range of $2.75 - $3.00, assuming no extraordinary weather events, and an annualized return on average equity in the range of 17% - 19%.
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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