Quarterly ResultApr 29, 2026, 04:40 PM
UVE Q1 Net Income +31% to $54.3M; EPS $1.96
AI Summary
UNIVERSAL INSURANCE HOLDINGS, INC. reported a strong first quarter for 2026, with net income increasing by 31% to $54.3 million and basic earnings per common share rising to $1.96. The company saw a favorable decrease in losses and loss adjustment expenses, alongside growth in net investment income. UVE also declared a common stock dividend of $0.16 per share and purchased $7.1 million in treasury stock.
Key Highlights
- Net income increased 31.02% to $54.3 million for Q1 2026.
- Basic earnings per common share rose 32.43% to $1.96.
- Net investment income grew 21.34% to $19.5 million.
- Losses and loss adjustment expenses decreased 8.96% to $228.1 million.
- Direct premiums written reached $506.5 million.
- Declared a cash dividend of $0.16 per common share.
- Purchased $7.1 million of treasury stock during the quarter.
Price Impact
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