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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 | $249M | $183M | $377M | 33.2% | 5.5% | 210.5% |
| 2024 | $1.5B | $90M | $59M | $130M | 15.8% | 9.3% | -11.8% |
| 2023 | $1.4B | $94M | $67M | $67M | 19.6% | 13.8% | - |
| 2022 | $1.2B | $-21M | $-22M | $320M | -7.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,222.66 | 1,391.58 | 1,520.54 | 1,603.91 |
| EBIT | -21.34 | 94.17 | 90.38 | 248.78 |
| Pretax Income | -27.25 | 88.35 | 84.61 | 243.07 |
| Tax Provision | -4.99 | 21.53 | 25.68 | 60.12 |
| Net Income | -22.26 | 66.82 | 58.93 | 182.95 |
| Net Income Common Stockholders | -22.27 | 66.81 | 58.92 | 182.94 |
| Total Expenses | 1,249.90 | 1,303.23 | 1,435.92 | 1,360.85 |
| Interest Expense | 5.91 | 5.82 | 5.77 | 5.71 |
| Selling General And Administration | 90.64 | 96.06 | 108.64 | 118.30 |
| Normalized Income | -22.26 | 66.82 | 58.93 | 182.95 |
| Basic EPS | -0.72 | 2.24 | 2.07 | 6.56 |
| Diluted EPS | -0.72 | 2.22 | 2.01 | 6.32 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.18 | 0.24 | 0.30 | 0.25 |
| Net Income From Continuing Operation Net Minority Interest | -22.26 | 66.82 | 58.93 | 182.95 |
| Reconciled Depreciation | 7.30 | 7.31 | 6.12 | 6.44 |
| Net Interest Income | -6.61 | -6.53 | -6.48 | -6.42 |
| Net Income From Continuing And Discontinued Operation | -22.26 | 66.82 | 58.93 | 182.95 |
| Diluted Average Shares | 30.75 | 30.15 | 29.27 | 28.96 |
| Basic Average Shares | 30.75 | 29.83 | 28.50 | 27.89 |
| Diluted NI Availto Com Stockholders | -22.27 | 66.81 | 58.92 | 182.94 |
| Preferred Stock Dividends | 0.01 | 0.01 | 0.01 | 0.01 |
| Net Income Including Noncontrolling Interests | -22.26 | 66.82 | 58.93 | 182.95 |
| Net Income Continuous Operations | -22.26 | 66.82 | 58.93 | 182.95 |
| Other Income Expense | 7.69 | 7.44 | 8.41 | 8.32 |
| Net Non Operating Interest Income Expense | -6.61 | -6.53 | -6.48 | -6.42 |
| Total Other Finance Cost | 0.70 | 0.71 | 0.71 | 0.71 |
| Interest Expense Non Operating | 5.91 | 5.82 | 5.77 | 5.71 |
| General And Administrative Expense | 90.64 | 96.06 | 108.64 | 118.30 |
| Other Gand A | 90.64 | 96.06 | 108.64 | 118.30 |
| Operating Revenue | 1,222.66 | 1,391.58 | 1,520.54 | 1,603.91 |
| 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 | $1.1B | 5.80↓ discount | 1.99 | 33.2% | 2.18 |
| Safety Insurance Group, Inc. | SAFT | $1.1B | 11.25 | 1.25 | 11.1% | - |
| Porch Group, Inc. | PRCH | $1.1B | - | -43.48 | -15.0% | 19.23 |
| Metropolitan Bank Holding Corp. | MCB | $1.1B | 10.96 | 1.20 | 9.6% | - |
| OceanFirst Financial Corp. |
| OCFC |
| $1.1B |
| 16.00 |
| 0.65 |
| 4.3% |
| - |
| Old Second Bancorp, Inc. | OSBC | $1.1B | 12.28 | 1.20 | 9.0% | - |
| Burford Capital Limited | BUR | $1.1B | 17.32 | 0.43 | 2.0% | - |
| Northeast Bank | NBN | $1.1B | 11.96 | 1.87 | 16.9% | - |
| Strive Asset Management, LLC | ASST | $1.0B | - | 1.11 | -92.5% | -4.30 |
| Peer Median | - | 12.12 | 1.15 | 6.6% | 7.47 | |