earnings
confidence high
sentiment positive
materiality 0.70
Universal Q2 GAAP EPS $1.21, adjusted $1.18; premiums up 5.7% YoY
UNIVERSAL INSURANCE HOLDINGS, INC.
2024-Q2 EPS reported
$2.35
revenue$748,173,000
- GAAP EPS of $1.21; diluted adjusted EPS of $1.18.
- Direct premiums written $578.3M, up 5.7% from prior-year quarter.
- Book value per share $13.79 (+24.0% YoY); adjusted book value $16.44 (+14.9%).
- Annualized ROCE 37.4%; adjusted ROCE 30.5%.
- Returned $10.1M to shareholders: $5.3M in buybacks and $0.16 per share dividend.