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UVE

Universal Insurance Holdings, Inc.

UVE

Universal Insurance Holdings, Inc. • NYSE
$33.13 ▼ -0.66% (-0.22)
Market Cap $929.26 M
52w High $35.84
52w Low $18.72
Dividend Yield 0.48%
P/E 7.81
Volume 76.66K
Outstanding Shares 28.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $400.981M ▲ $32.331M ▲ $39.83M ▲ 9.933% ▲ $1.29 ▲ $54.203M ▲
Q2-2025 $400.141M ▲ $31.572M ▲ $35.093M ▼ 8.77% ▼ $1.25 ▼ $47.817M ▼
Q1-2025 $394.867M ▲ $28.282M ▲ $41.439M ▲ 10.494% ▲ $1.48 ▲ $56.891M ▲
Q4-2024 $384.809M ▼ $27.468M ▼ $6.018M ▲ 1.564% ▲ $0.21 ▲ $8.78M ▲
Q3-2024 $387.554M $30.057M $-16.163M -4.171% $-0.57 $-16.681M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $571.5M ▲ $3.09B ▼ $2.595B ▼ $495.043M ▲
Q2-2025 $563.406M ▼ $3.276B ▲ $2.818B ▲ $457.808M ▲
Q1-2025 $597.346M ▲ $2.715B ▼ $2.292B ▼ $422.387M ▲
Q4-2024 $419.434M ▼ $2.842B ▲ $2.469B ▲ $373.25M ▼
Q3-2024 $465.615M $2.651B $2.25B $400.245M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $39.83M ▲ $62.421M ▼ $-8.689M ▲ $-15.251M ▼ $38.481M ▲ $61.264M ▼
Q2-2025 $0 $106.223M ▼ $-58.964M ▼ $-12.335M ▼ $34.924M ▼ $105.246M ▼
Q1-2025 $0 $186.769M ▲ $-41.548M ▼ $-6.478M ▲ $138.743M ▲ $185.542M ▲
Q4-2024 $0 ▲ $-101.339M ▼ $-20.866M ▲ $-18.032M ▼ $-140.237M ▼ $-102.23M ▼
Q3-2024 $-16.163M $82.624M $-22.89M $-9.32M $50.414M $80.962M

Five-Year Company Overview

Income Statement

Income Statement Universal’s revenue has grown steadily over the past five years, showing that the business is still able to write policies and retain customers even in a tough market. Profitability, however, has been uneven because of storm losses and the nature of Florida-focused property insurance. After a loss in 2022, the company has returned to solid profitability in the last couple of years, but with fairly slim margins by insurance standards. Overall, the income statement tells a story of a company that can generate growth, but where earnings can swing meaningfully from year to year based on weather, reinsurance costs, and claims activity.

Balance Sheet

Balance Sheet The balance sheet looks reasonably sound, with a solid asset base that has generally trended higher over time and a modest level of debt. Equity has recovered from earlier pressure, suggesting that recent profits and capital management have helped rebuild the financial cushion that supports underwriting risk. Cash levels are healthy relative to debt, which provides some flexibility to navigate volatile claim periods. As with most insurers, the real test is capital strength during extreme events, but the numbers point to a company that has maintained a conservative financial posture rather than stretching its balance sheet.

Cash Flow

Cash Flow Cash generation has been positive overall, but not consistently smooth. Operating cash flow and free cash flow have generally stayed in positive territory, though they can swing sharply from one year to the next as claims, reinsurance, and premium timing move around. Capital spending is low, which fits an insurance and technology-heavy model, so most cash flow is available to support reserves, buy back shares, or pay dividends when conditions allow. In short, the cash profile is healthy but clearly exposed to the same weather and loss volatility that affects earnings.

Competitive Edge

Competitive Edge Universal operates in one of the most difficult insurance markets in the country, with heavy exposure to Florida homeowners. Its edge comes from long experience in that market, a vertically integrated structure that keeps much of the insurance value chain in-house, and strong relationships with a large network of independent agents. Handling underwriting, claims, and risk management internally can improve speed, consistency, and cost control, which are critical when storms hit. At the same time, the concentration in catastrophe‑prone regions and dependence on the reinsurance market remain structural competitive risks that can pressure pricing and profitability.

Innovation and R&D

Innovation and R&D Rather than classic laboratory-style R&D, Universal invests in technology, data, and product design. Its proprietary back-office platform, expanded use of advanced data analytics, and the Clovered online distribution channel give it a more modern, digital way to price policies, manage risk, and reach customers. Partnerships around smart-home fire prevention and specialized coverages, like equipment breakdown and service line protection, show a willingness to differentiate beyond standard homeowners policies. The main question going forward is whether these digital and product investments can continue to improve underwriting quality and support expansion into more states, which would help reduce dependence on Florida.

Summary

Universal Insurance Holdings combines steady premium growth with a business model built specifically for high-risk property markets, especially Florida. Financially, it has moved back into profitability after a loss year, maintains a relatively conservative balance sheet, and generally produces positive cash flow, but all with notable year-to-year volatility tied to storms and reinsurance conditions. Its competitive strengths lie in deep local knowledge, vertical integration, and technology-enabled underwriting and distribution, offset by heavy geographic concentration and exposure to natural catastrophes. Future performance will likely hinge on how well the company diversifies into other states and continues to use data, digital platforms, and specialized products to manage risk and stabilize results over time.

NEWS

November 6, 2025 · 4:10 PM UTC

Universal Declares Regular and Special Cash Dividends

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October 23, 2025 · 4:10 PM UTC

Universal Reports Third Quarter 2025 Results

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October 13, 2025 · 4:10 PM UTC

Universal Announces Third Quarter 2025 Earnings Release & Conference Call Dates

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