Universal Reports First Quarter 2026 Results
Universal Insurance Holdings reported Q1 2026 GAAP EPS of $1.88, up 30.6% year-over-year, while adjusted EPS reached $2.00 on a 38.9% increase. Book value per share soared 39.9% to $20.95, driven by strong underwriting results and net investment income. The combined ratio improved by 5.3 points to 89.7%, reflecting a lower net loss ratio of 63.9% despite a slight increase in the expense ratio. Direct premiums written grew 8.5% to $506.5 million, fueled by growth in Florida and other states.
Key figures
- Eps
- 1.88
- Revenue
- $393.6 million
- Revenue Yoy
- -0.3%
- Adjusted eps
- 2
- Combined ratio
- 89.7%
- Net loss ratio
- 63.9%
- Annualized roce
- 38.2%
- Cost of buyback
- 7100000
- Dividend declared
- 0.16
- Shares repurchased
- 210000
- Book value per share
- 20.95
- Direct premiums written
- $506.5 million
- Annualized adjusted roce
- 38.5%
- Direct premiums written yoy
- 8.5%
- Adjusted book value per share
- 22.19
AI analysis
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