earnings
confidence high
sentiment positive
materiality 0.75
Universal Insurance Q4 GAAP EPS $0.68, adjusted EPS $0.43; direct premiums up 4% YoY
UNIVERSAL INSURANCE HOLDINGS, INC.
2023-FY EPS reported
$2.22
revenue$1,391,582,000
- Diluted GAAP EPS $0.68; diluted adjusted EPS $0.43. Annualized ROCE 24.9%.
- Direct premiums written $432.6M, up 4.0% YoY. Book value per share $11.78 (+24.4% YoY).
- Returned $12.3M to shareholders: $3.6M share repurchases, $0.16 regular dividend, $0.13 special dividend.
- Adjusted book value per share $14.34, up 11.2% year-over-year.