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Universal Insurance Holdings Inc (UVE.N)

UVE.N on New York Stock Exchange

30.20USD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Universal Insurance Holdings posts Q3 earnings $0.28/shr
Wednesday, 8 Nov 2017 

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 

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 Holdings Q2 earnings per share $0.94
Thursday, 28 Jul 2016 

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 

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 

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

FACTBOX-Insurers and reinsurers count the costs of recent hurricanes, quakes

Nov 20 Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey and the Mexico City earthquake, have led global insurers and reinsurers to issue profit warnings.