See more : Winner Technology Co., Inc. (300609.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of Universal Insurance Holdings, Inc. (UVE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Universal Insurance Holdings, Inc., a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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Universal Insurance Holdings, Inc. (UVE)
Industry: Insurance - Property & Casualty
Sector: Financial Services
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers 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; places and manages reinsurance programs for the insurance entities; and operates Clovered.com, an online platform in which consumers receive side-by-side quotes from various carriers across multiple states, as well as educational materials about homeowners' insurance policies. It offers its products through a network of independent agents, as well as Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies. 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.39B | 1.22B | 1.12B | 1.07B | 939.35M | 823.82M | 751.92M | 685.29M | 546.54M | 369.28M | 301.16M | 269.94M | 225.86M | 239.92M | 210.64M | 182.67M | 188.51M | 65.15M | 19.66M | 8.00M | 6.48M | 9.26M | 13.44M | 9.15M | 8.10M | 8.50M | 100.00K | 400.00K | 1.00M | 1.20M | 400.00K | 100.00K |
| Cost of Revenue | 0.00 | 0.00 | 88.07M | 90.63M | 0.00 | 99.16M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.39B | 1.22B | 1.03B | 982.14M | 939.35M | 724.66M | 751.92M | 685.29M | 546.54M | 369.28M | 301.16M | 269.94M | 225.86M | 239.92M | 210.64M | 182.67M | 188.51M | 65.15M | 19.66M | 8.00M | 6.48M | 9.26M | 13.44M | 9.15M | 8.10M | 8.50M | 100.00K | 400.00K | 1.00M | 1.20M | 400.00K | 100.00K |
| Gross Profit Ratio | 100.00% | 100.00% | 92.15% | 91.55% | 100.00% | 87.96% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 96.06M | 90.64M | 88.07M | 90.53M | 94.65M | 98.82M | 91.81M | 221.18M | 183.78M | 118.40M | 91.99M | 91.19M | 67.83M | 64.29M | 58.35M | 35.32B | 39.17M | 13.49M | 4.01M | 5.98M | 5.79M | 4.55M | 8.71M | 6.47M | 3.70M | 3.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -35.29B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 96.06M | 90.64M | 88.07M | 90.53M | 94.65M | 98.82M | 91.81M | 221.18M | 183.78M | 118.40M | 91.99M | 91.19M | 67.83M | 64.29M | 58.35M | 35.32M | 39.17M | 13.49M | 4.01M | 5.98M | 5.79M | 4.55M | 8.71M | 6.47M | 3.70M | 3.90M | 400.00K | 1.30M | 1.70M | 1.80M | 900.00K | 300.00K |
| Other Expenses | 0.00 | 938.40M | -1.19B | -1.15B | -978.46M | -256.14M | -230.66M | -221.18M | -183.78M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.90M | 3.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -800.00K |
| Operating Expenses | 304.07M | 1.24B | -1.10B | -1.06B | -883.81M | 99.16M | 92.16M | 221.18M | 183.78M | 118.40M | 91.99M | 91.19M | 67.83M | 64.29M | 58.35M | 35.32M | 39.17M | 13.49M | 4.01M | 5.98M | 5.79M | 4.55M | 8.71M | 6.47M | 7.60M | 7.10M | 400.00K | 1.30M | 1.70M | 1.80M | 900.00K | -500.00K |
| Cost & Expenses | 304.07M | 1.25B | 1.09B | 1.05B | 875.83M | 670.94M | 581.43M | 522.41M | 371.52M | 241.67M | 200.60M | 217.38M | 192.14M | 177.65M | 164.48M | 116.66M | 98.96M | 38.43M | 13.61M | 8.26M | 6.76M | 9.19M | 8.71M | 6.47M | 7.60M | 7.10M | 400.00K | 1.60M | 2.00M | 1.90M | 1.20M | 400.00K |
| Interest Income | 0.00 | 6.61M | 638.00K | 95.00K | 248.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.53M | 6.61M | 652.00K | 102.00K | 248.00K | 346.00K | 348.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 71.05K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 100.00K | 100.00K | 100.00K |
| Depreciation & Amortization | 7.31M | 7.30M | 6.91M | 5.11M | 4.96M | 4.82M | 4.06M | 3.24M | 2.03M | 1.19M | 1.01M | 840.00K | 639.00K | 831.16K | 490.06K | 707.04K | 371.66K | 373.53K | 377.75K | 390.25K | 268.95K | 236.32K | 157.31K | 98.46K | 200.00K | 0.00 | 2.40M | -300.00K | -300.00K | -1.40M | -200.00K | 0.00 |
| EBITDA | 102.19M | -14.05M | 35.98M | 29.44M | 0.00 | 158.04M | 174.89M | 0.00 | 0.00 | 0.00 | 0.00 | 53.40M | 34.36M | 63.11M | 46.65M | 66.71M | 89.92M | 27.09M | 6.43M | 130.11K | -12.58K | 307.37K | 0.00 | 0.00 | 1.40M | 2.10M | 0.00 | 0.00 | 0.00 | -1.30M | 0.00 | -400.00K |
| EBITDA Ratio | 7.34% | -0.43% | 2.47% | 1.94% | 6.44% | 19.18% | 23.26% | 24.24% | 32.40% | 34.88% | 33.73% | 19.78% | 15.21% | 26.30% | 22.15% | 36.52% | 47.70% | 41.50% | 32.70% | 1.63% | -0.19% | 3.32% | -21.44% | -15.19% | 17.28% | 24.71% | -2,400.00% | -450.00% | -160.00% | -108.33% | -275.00% | -400.00% |
| Operating Income | 1.09B | -12.51M | 20.78M | 15.73M | 55.55M | 153.22M | 170.83M | 162.88M | 175.02M | 127.60M | 100.56M | 52.56M | 33.72M | 62.28M | 46.16M | 66.01M | 89.55M | 26.66M | 6.05M | -260.13K | -281.53K | 71.05K | -3.04M | -1.49M | 1.20M | 2.10M | -4.80M | -1.50M | -1.30M | 100.00K | -900.00K | -400.00K |
| Operating Income Ratio | 78.15% | -1.02% | 1.85% | 1.47% | 5.91% | 18.60% | 22.72% | 23.77% | 32.02% | 34.56% | 33.39% | 19.47% | 14.93% | 25.96% | 21.92% | 36.13% | 47.50% | 40.93% | 30.78% | -3.25% | -4.34% | 0.77% | -22.61% | -16.27% | 14.81% | 24.71% | -4,800.00% | -375.00% | -130.00% | 8.33% | -225.00% | -400.00% |
| Total Other Income/Expenses | -999.17M | -27.95M | -1.01B | -957.88M | -603.65M | -408.30M | -350.78M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.53M | 1.12M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 260.13K | 281.53K | -71.05K | 2.88M | 1.39M | 0.00 | 0.00 | 2.40M | 1.80M | 1.60M | -800.00K | 100.00K | 0.00 |
| Income Before Tax | 88.35M | -27.25M | 28.41M | 24.23M | 63.52M | 152.87M | 170.48M | 162.88M | 175.02M | 127.60M | 100.56M | 52.56M | 33.72M | 62.28M | 46.16M | 66.01M | 89.55M | 26.72M | 6.05M | -260.13K | -281.53K | 71.05K | -3.04M | -1.49M | 1.20M | 2.10M | -2.40M | -1.50M | -1.30M | -1.40M | -1.00M | 0.00 |
| Income Before Tax Ratio | 6.35% | -2.23% | 2.53% | 2.26% | 6.76% | 18.56% | 22.67% | 23.77% | 32.02% | 34.56% | 33.39% | 19.47% | 14.93% | 25.96% | 21.92% | 36.13% | 47.50% | 41.02% | 30.78% | -3.25% | -4.34% | 0.77% | -22.61% | -16.27% | 14.81% | 24.71% | -2,400.00% | -375.00% | -130.00% | -116.67% | -250.00% | 0.00% |
| Income Tax Expense | 21.53M | -4.99M | 8.01M | 5.13M | 17.00M | 35.82M | 63.55M | 63.47M | 68.54M | 54.62M | 41.58M | 22.25M | 13.61M | 25.29M | 17.38M | 25.97M | 35.55M | 9.48M | -455.16K | 260.13K | 281.53K | -71.05K | 3.04M | 1.49M | 0.00 | 0.00 | 2.40M | 1.50M | 1.30M | 1.40M | 1.00M | 500.00K |
| Net Income | 66.82M | -22.26M | 20.41M | 19.11M | 46.51M | 117.05M | 106.94M | 99.41M | 106.48M | 72.99M | 58.98M | 30.31M | 20.11M | 36.98M | 28.79M | 40.04M | 54.00M | 17.19M | 6.51M | -260.13K | -281.53K | 71.05K | -3.04M | -1.49M | 1.20M | 2.10M | -2.40M | -1.50M | -1.30M | -1.40M | -1.00M | -500.00K |
| Net Income Ratio | 4.80% | -1.82% | 1.82% | 1.78% | 4.95% | 14.21% | 14.22% | 14.51% | 19.48% | 19.77% | 19.58% | 11.23% | 8.90% | 15.41% | 13.67% | 21.92% | 28.65% | 26.38% | 33.09% | -3.25% | -4.34% | 0.77% | -22.61% | -16.27% | 14.81% | 24.71% | -2,400.00% | -375.00% | -130.00% | -116.67% | -250.00% | -500.00% |
| EPS | 2.24 | -0.72 | 0.65 | 0.60 | 1.37 | 3.36 | 3.07 | 2.85 | 3.06 | 2.17 | 1.64 | 0.76 | 0.51 | 0.95 | 0.76 | 1.07 | 1.52 | 0.50 | 0.20 | -0.01 | -0.01 | 0.01 | -0.21 | -0.10 | 0.08 | 0.13 | -0.11 | -0.07 | -0.06 | -0.07 | -0.05 | -0.02 |
| EPS Diluted | 2.22 | -0.72 | 0.65 | 0.60 | 1.36 | 3.27 | 2.99 | 2.79 | 2.97 | 2.08 | 1.56 | 0.75 | 0.50 | 0.91 | 0.71 | 0.99 | 1.31 | 0.44 | 0.19 | -0.01 | -0.01 | 0.01 | -0.21 | -0.10 | 0.08 | 0.13 | -0.11 | -0.07 | -0.06 | -0.06 | -0.05 | -0.02 |
| Weighted Avg Shares Out | 29.83M | 30.75M | 31.22M | 31.88M | 33.89M | 34.86M | 34.84M | 34.92M | 34.80M | 33.57M | 35.87M | 39.61M | 39.18M | 39.11M | 37.62M | 37.42M | 35.55M | 34.41M | 32.81M | 30.21M | 23.78M | 15.60M | 14.70M | 14.79M | 15.90M | 16.60M | 21.47M | 21.47M | 21.47M | 21.47M | 21.47M | 21.47M |
| Weighted Avg Shares Out (Dil) | 30.15M | 30.75M | 31.31M | 31.97M | 34.23M | 35.79M | 35.81M | 35.65M | 35.88M | 35.15M | 37.78M | 40.62M | 40.44M | 40.58M | 40.47M | 40.27M | 41.36M | 39.08M | 33.95M | 30.21M | 23.78M | 16.17M | 14.70M | 14.79M | 15.90M | 16.60M | 22.04M | 22.04M | 22.04M | 22.04M | 22.04M | 22.04M |
Universal Declares Regular Cash Dividend & Announces Earnings Dates
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable March 16, 2023 to shareholders...
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend and a special cash dividend, together totaling 29 cents per share of common...
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FORT LAUDERDALE, Fla.--( BUSINESS WIRE )--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend and a special cash dividend, together totaling 29 cents per share...
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Universal Insurance Holdings, Inc. (NYSE:UVE ) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Arash Soleimani – Chief Strategy Officer Steve Donaghy – Chief Executive Officer Frank Wilcox – Chief Financial Officer Conference Call Participants...
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) will issue a press release reporting its third quarter 2022 results after the market closes on Thursday, October 27, 2022. The company will host a conference call...
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