earnings
confidence high
sentiment positive
materiality 0.65
Universal Insurance Q1 EPS $1.14, direct premiums up 8.8% to $446.2M
UNIVERSAL INSURANCE HOLDINGS, INC.
2024-Q1 EPS reported
$1.14
revenue$367,959,000
- Diluted GAAP EPS of $1.14; adjusted EPS of $1.07.
- Direct premiums written $446.2M, up 8.8% YoY.
- Book value per share $12.68, up 20% YoY; adjusted book value $15.34, up 13.5%.
- Annualized ROCE 38.1%, adjusted ROCE 29.4%.
- Total capital returned $8.9M: $4.1M in share repurchases and $0.16 regular dividend.