Universal Insurance posts Q3 loss of $0.57 per share; direct premiums up 8% to $574M

UNIVERSAL INSURANCE HOLDINGS, INC.

2024-Q3 EPS reported $1.80 revenue$1,135,727,000

Loss per common share of $0.57; adjusted loss per common share of $0.73.
Direct premiums written of $574.4 million, up 8.0% from prior year quarter.
Book value per share of $14.15, up 37.0% year-over-year; adjusted book value $15.76, up 12.6%.
Returned $9.1M to shareholders: $4.4M share repurchases and $0.16 per share regular dividend.

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