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Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company offers insurance products for personal residential insurance, such as homeowners, renters and tenants, condo unit owners, and dwelling and fire; and allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. It also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; evaluates insurance risk and exposures on an individual and portfolio basis and assists the insurance entities with pricing risks; places and manages its reinsurance programs; and operates its digital insurance agency, Clovered.com. It offers its products through its independent agency network, direct-to-consumer online distribution, and digital insurance agency platform. The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was incorporated in 1990 and is headquartered in Fort Lauderdale, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | - | $183M | $377M | 33.2% | 5.5% | 210.5% |
| 2024 | $1.5B | - | $59M | $130M | 15.8% | 9.3% | -11.8% |
| 2023 | $1.4B | - | $67M | $67M | 19.6% | 13.8% | -400.2% |
| 2022 | $1.2B | - | $-22M | $320M | -7.7% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,222.66 | 1,391.58 | 1,520.54 | 1,603.92 |
| Operating Revenue | - | 1,222.66 | 1,391.58 | 1,520.54 | 1,603.92 |
| Selling General And Administration | - | 90.64 | 96.06 | 108.64 | 118.30 |
| Total Expenses | - | 1,249.90 | 1,303.23 | 1,435.92 | 1,360.85 |
| EBIT | - | -21.34 | 94.17 | 90.38 | 248.78 |
| Interest Expense | - | 5.91 | 5.82 | 5.77 | 5.71 |
| Net Interest Income | - | -6.61 | -6.53 | -6.48 | -6.42 |
| Other Income Expense | - | 7.69 | 7.44 | 8.41 | 8.32 |
| Interest Expense Non Operating | - | 5.91 | 5.82 | 5.77 | 5.71 |
| Net Non Operating Interest Income Expense | - | -6.61 | -6.53 | -6.48 | -6.42 |
| Pretax Income | - | -27.25 | 88.35 | 84.61 | 243.07 |
| Tax Provision | - | -4.99 | 21.53 | 25.68 | 60.12 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -22.26 | 66.82 | 58.93 | 182.95 |
| Net Income From Continuing And Discontinued Operation | - | -22.26 | 66.82 | 58.93 | 182.95 |
| Net Income From Continuing Operation Net Minority Interest | - | -22.26 | 66.82 | 58.93 | 182.95 |
| Net Income | - | -22.26 | 66.82 | 58.93 | 182.95 |
| Net Income Common Stockholders | - | -22.27 | 66.81 | 58.92 | 182.94 |
| Net Income Including Noncontrolling Interests | - | -22.26 | 66.82 | 58.93 | 182.95 |
| Normalized Income | - | -22.26 | 66.82 | 58.93 | 182.95 |
| Diluted NI Availto Com Stockholders | - | -22.27 | 66.81 | 58.92 | 182.94 |
| Basic Average Shares | - | 30.75 | 29.83 | 28.50 | 27.89 |
| Diluted Average Shares | - | 30.75 | 30.15 | 29.27 | 28.96 |
| Reconciled Depreciation | - | 7.30 | 7.31 | 6.12 | 6.44 |
| Preferred Stock Dividends | - | 0.01 | 0.01 | 0.01 | 0.01 |
| General And Administrative Expense | - | 90.64 | 96.06 | 108.64 | 118.30 |
| Other Gand A | - | 90.64 | 96.06 | 108.64 | 118.30 |
| Total Other Finance Cost | - | 0.70 | 0.71 | 0.71 | 0.71 |
| Loss Adjustment Expense | - | 938.40 | 992.64 | 1,087.37 | 985.88 |
| Net Policyholder Benefits And Claims | - | 938.40 | 992.64 | 1,087.37 | 985.88 |
| Policyholder Benefits Gross | - | 1,972.54 | 1,046.85 | 1,785.13 | 1,001.27 |
| Policyholder Benefits Ceded | - | 1,034.14 | 54.22 | 697.77 | 15.39 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Universal Insurance Holdings, Inc.this co. | UVE | $990M | 5.41↓ discount | 1.80 | 33.2% | - |
| OceanFirst Financial Corp. | OCFC | $1.0B | 14.45 | 0.62 | 4.3% | - |
| Safety Insurance Group, Inc. | SAFT | $1.0B | 10.16 | 1.12 | 11.1% | - |
| Virtus Investment Partners, Inc. | VRTS | $995M | 7.19 | 1.06 | 14.8% | 8.13 |
| Southside Bancshares, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| SBSI |
| $980M |
| 14.15 |
| 1.16 |
| 8.2% |
| - |
| Burford Capital Limited | BUR | $975M | 15.58 | 0.40 | 2.6% | - |
| Capitol Federal Financial, Inc. | CFFN | $973M | 14.30 | 0.93 | 6.5% | - |
| Horizon Bancorp, Inc. | HBNC | $961M | -6.39 | 1.40 | -21.9% | - |
| MetroCity Bankshares, Inc. | MCBS | $960M | 14.01 | 1.76 | 12.6% | - |
| Peer Median | - | 14.08 | 1.09 | 7.3% | 8.13 | |