Universal Insurance Holdings, Inc.UVE

NYSEFinanceFire, Marine & Casualty Insurance
Price (close)
$42.49
Market cap
$1.2B
P/E
5.4x
Revenue (TTM)
$1.6B
Net income
$219.9M
Dividend yield
1.81%
1-year total return
70.1%
Net margin
13.5%
Revenue growth
4.0%
Debt / equity
0.15x

What Universal Insurance Holdings, Inc. does.

Universal Insurance Holdings, Inc. (“UVE,” and together with its wholly-owned subsidiaries, “we,” “our,” “us,” or the “Company”) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and underwrite insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management, and distribution. Our primary insurance entities, Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC” and together with UPCIC, the “Insurance Entities”), offer insurance products through both our appointed independent agent network and our online distribution channels across our multi-state footprint (primarily in Florida). The Insurance Entities seek to produce an underwriting profit (defined as earned premium minus losses, loss adjustment expense (“LAE”), policy acquisition costs and other operating costs and expenses) over the long term; maintain a conservative balance sheet to prepare for years in which the Insurance Entities are not able to achieve an underwriting profit; and generate investment income on assets.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.1B$1.1B$1.2B$1.4B$1.5B$1.6B
Net income$19.1M$20.4M-$22.3M$66.8M$58.9M$183.0M
Free cash flow$12.1M$227.2M$319.6M$67.0M$130.0M$377.1M

More on UVE.

Figures from Universal Insurance Holdings, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.