Edition:
United States

Universal Insurance Holdings Inc (UVE.N)

UVE.N on New York Stock Exchange

25.35USD
14 Dec 2017
Change (% chg)

$-0.80 (-3.06%)
Prev Close
$26.15
Open
$26.20
Day's High
$26.20
Day's Low
$25.35
Volume
48,795
Avg. Vol
71,514
52-wk High
$29.20
52-wk Low
$15.10

Latest Key Developments (Source: Significant Developments)

Universal Insurance Holdings posts Q3 earnings $0.28/shr
Wednesday, 8 Nov 2017 04:15pm EST 

Nov 8 (Reuters) - Universal Insurance Holdings Inc :Universal Insurance Holdings Inc reports third quarter 2017 financial results.Q3 earnings per share $0.28.Universal Insurance Holdings Inc - qtrly net premiums earned $174.5 million versus $159.5 mln‍​.Universal Insurance Holdings Inc - qtrly net investment income $3.1 million versus $2.3 mln‍​.Universal Insurance Holdings Inc - qtrly total revenues $190.2 million versus $172.4 mln‍​.Universal Insurance Holdings - quarter's results include $37 million of hurricane Irma losses & LAE, versus $11 million of weather losses above plan in Q3 2016​.  Full Article

Universal Insurance - Property & Casualty Insurance expects gross losses from Hurricane Irma of $350-450 mln
Tuesday, 10 Oct 2017 04:15pm EDT 

Oct 10 (Reuters) - Universal Insurance Holdings Inc :Universal Insurance Holdings, Inc. announces impact from recent hurricanes.Universal Insurance Holdings - ‍Universal Property & Casualty Insurance anticipates gross losses relating to Hurricane Irma, Category 4 hurricane, from both Florida and other southeastern U.S. states will be $350-450 million​.Universal Insurance Holdings- ‍in light of UPCIC's reinsurance program, co expects to recognize net pre-tax losses relating to Hurricane Irma of only $35 million​.Universal Insurance Holdings - ‍American Platinum Property And Casualty Insurance anticipates gross losses relating to Hurricane Irma will be $1-2 million​.Universal Insurance Holdings Inc - ‍company expects no impact to Q3 2017 financial results from either Hurricane Harvey or Hurricane Maria​.Universal Insurance -‍expects to incur little or no losses relating to Hurricane Nate & affected Mississippi, Alabama, Louisiana, & Florida panhandle​.  Full Article

Universal Insurance says ‍UPCIC's projected losses from Hurricane Irma are below limits of the catastrophe reinsurance program
Wednesday, 13 Sep 2017 05:43pm EDT 

Sept 14 (Reuters) - Universal Insurance Holdings Inc :Universal Insurance Holdings Inc - ‍UPCIC's projected losses from Hurricane Irma are far below limits of the catastrophe reinsurance program.​.  Full Article

Universal Insurance Holdings Q2 earnings per share $0.82
Monday, 31 Jul 2017 04:15pm EDT 

July 31 (Reuters) - Universal Insurance Holdings Inc ::Universal Insurance Holdings, Inc. Reports second quarter 2017 financial results.Q2 earnings per share $0.82.Qtrly total revenues $ 185.5 million versus. $ 169.8 million.  Full Article

Universal Insurance secures approval of rates, forms in New York
Tuesday, 20 Jun 2017 08:30am EDT 

June 20 (Reuters) - Universal Insurance Holdings Inc :Universal insurance holdings, inc. Insurance subsidiary upcic receives approval of rates and forms in new york.Universal insurance holdings inc - new york state department of financial services has approved homeowners insurance rates and forms of its unit.Universal insurance holdings inc - upcic anticipates that it will begin writing policies in new york later this year.  Full Article

Universal Insurance Holdings Q1 earnings per share $0.86
Tuesday, 25 Apr 2017 04:15pm EDT 

April 25 (Reuters) - Universal Insurance Holdings Inc ::Universal Insurance Holdings, Inc. Reports first quarter 2017 financial results.Q1 earnings per share $0.86.Qtrly total revenues $174.9 million versus $164.45 million.  Full Article

Universal Insurance Holdings reports Q4 earnings per share $0.38
Tuesday, 21 Feb 2017 04:52pm EST 

Universal Insurance Holdings Inc - : Universal Insurance Holdings Inc reports fourth quarter and full year 2016 financial results . Q4 earnings per share $0.38 . Q4 revenue $178.6 million .Net premiums earned grew by $13.4 million, or 8.9%, to $164.0 million in quarter.  Full Article

Universal Insurance Holdings Q2 earnings per share $0.94
Thursday, 28 Jul 2016 04:15pm EDT 

Universal Insurance Holdings Inc : Q2 net earned premiums grew by $43.6 million, or 38.6%, to $156.5 million . Qtrly total revenues increased by $46.2 million, or 37.4%, to $169.8 million . Board of directors authorized a new share repurchase program under which company may repurchase up to $20 million . Universal insurance holdings, inc. Reports record financial results for the second quarter of 2016 . Q2 earnings per share $0.94 . Q2 revenue rose 37.4 percent to $169.8 million .Qtrly net earned premiums grew by $43.6 million, or 38.6%, to $156.5 million.  Full Article

Universal Insurance completes prior announced $10 million share repurchase program
Monday, 13 Jun 2016 04:15pm EDT 

Universal Insurance Holdings Inc : Universal Insurance Holdings Inc announces completion of previously announced $10 million share repurchase program and authorization of new $20 million share repurchase program . Company will fund share repurchase program with cash from operations. .May repurchase up to $20 million of its outstanding shares of common stock through December 31 , 2017..  Full Article

Universal Insurance Holdings, Inc. announces sale of $10 million of common stock to RenaissanceRe
Thursday, 28 Apr 2016 05:44pm EDT 

Universal Insurance Holdings:Sold 583,771 shares of common stock to RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe Holdings Ltd. (NYSE: RNR) (collectively, "RenaissanceRe"), in a private placement.RenaissanceRe is a global provider of catastrophe and specialty reinsurance and insurance.Common shares of UVE were sold to RenaissanceRe at a price of $17.13 per share, the closing price of UVE common stock on April 26, 2016, for total consideration of $10 million.  Full Article

BRIEF-Universal Insurance Holdings posts Q3 earnings $0.28/shr

* Universal Insurance Holdings Inc reports third quarter 2017 financial results