Universal Insurance Q3 net loss $0.20/share; premiums up 6.3% YoY

UNIVERSAL INSURANCE HOLDINGS, INC.

2023-Q3 EPS reported $1.54 revenue$1,016,126,000

Net loss per common share $0.20; adjusted loss $0.16.
Direct premiums written $532.0M, +6.3% vs prior year quarter.
Net combined ratio 110.7%, 28.5-point improvement from 139.2% a year ago.
Book value per share $10.33, +21% YoY; adjusted book value $14.00, +13.5%.
Repurchased ~894k shares for $12.3M; total capital returned $17.2M including $0.16 dividend.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL INSURANCE HOLDINGS, INC. reported fiscal quarter ended September 30, 2023 results: revenue $532.0 million, EPS Loss per common share of $0.20.

Period: fiscal quarter ended September 30, 2023
Revenue: $532.0 million
EPS: Loss per common share of $0.20
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- Universal Reports Third Quarter 2023 Results • 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;

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Source: SEC EDGAR

accession 0000891166-23-000092

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