NYSE$UVE
Universal Insurance Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a GAAP loss and an adjusted loss per share due to Hurricane Ian losses, but direct premiums written increased.
Universal Insurance Holdings reported a GAAP loss per share of $2.36 and an adjusted loss per share of $2.27 for Q3 2022. The results were impacted by $111 million of retained Hurricane Ian losses. Despite the loss, direct premiums written increased by 15.6% year-over-year, driven by growth in both Florida and other states.
- Diluted GAAP loss per common share was $2.36, and diluted adjusted loss per common share was $2.27.
- Direct premiums written increased by 15.6% to $500.7 million compared to the prior year quarter.
- The company repurchased 203,244 shares for $2.4 million.
- Total capital returned to shareholders was $7.4 million, including a $0.16 per share regular quarterly dividend.
Headline financials
Revenue & EPS history
Universal Insurance · Revenue · Quarterly
$313M
Revenue by segment
Universal Insurance · $16.1M total across 3 segments · Q2 2020
- Commission Revenue$7.76M—48.1%
- Policy Fees$6.55M—40.6%
- Other Revenue$1.81M—11.2%
Forward guidance
Universal Insurance Holdings is in the planning process for the 2023 Atlantic hurricane season.
Tailwinds
- Almost $400 million of pre-negotiated multi-year capacity below the FHCF attachment point.
- Approximately $200 million of estimated cost free coverage from the Reinsurance to Assist Policyholders (RAP) program.
- Projected $150 million from our catastrophe bond.
- 90% participation in the FHCF.
- The vast majority of first event 2023 catastrophe reinsurance program will be insulated from open market pricing dynamics.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.5%
Avg return
Earnings day
+3.4%
Avg return
5 days after
+4.4%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+22.0%
Q4 2023
Best reaction
-21.4%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.0% | -5.3% | -10.3% | |
| Q4 2025 | +2.8% | +13.9% | +5.5% | |
| Q3 2025 | +11.3% | +9.8% | +16.5% | |
| Q2 2025 | -3.1% | +0.5% | +4.2% | |
| Q1 2025 | +1.0% | +3.6% | +12.4% | |
| Q4 2024 | +9.3% | +8.5% | +13.8% | |
| Q3 2024 | -2.0% | +2.4% | +16.6% | |
| Q2 2024 | -1.6% | +4.0% | +8.4% | |
| Q1 2024 | -3.6% | -3.7% | -3.4% | |
| Q4 2023 | +22.0% | +18.6% | +14.2% | |
| Q3 2023 | -0.7% | +10.3% | +18.5% | |
| Q2 2023 | -5.2% | -2.8% | -18.7% | |
| Q1 2023 | -17.0% | -13.1% | -19.0% | |
| Q4 2022 | +21.5% | +56.1% | +47.4% | |
| Q3 2022 | +1.9% | +5.4% | +12.8% | |
| Q2 2022 | +6.8% | +6.5% | +7.1% | |
| Q1 2022 | +4.1% | +4.2% | +5.7% | |
| Q4 2021 | -3.1% | -25.8% | -29.0% | |
| Q3 2021 | +7.6% | +8.5% | +13.4% | |
| Q2 2021 | +5.7% | +4.9% | +9.4% | |
| Q1 2021 | +2.1% | +6.3% | +3.8% | |
| Q4 2020 | +5.2% | +3.7% | +6.0% | |
| Q3 2020 | -21.4% | -11.6% | +4.4% | |
| Q2 2020 | +2.8% | +3.2% | +9.9% | |
| Q1 2020 | +4.4% | +1.3% | +6.8% | |
| Q4 2019 | -0.7% | +8.3% | -22.6% | |
| Q3 2019 | -7.3% | -5.8% | -0.5% | |
| Q2 2019 | -0.4% | +5.3% | -0.6% | |
| Q1 2019 | +0.0% | -1.1% | -5.8% | |
| Q4 2018 | -15.4% | -18.7% | -20.0% | |
| Q3 2018 | -8.3% | -8.6% | -7.3% | |
| Q2 2018 | +11.4% | +17.5% | +20.3% | |
| Q1 2018 | +3.5% | +2.0% | +10.3% | |
| Q4 2017 | +6.9% | +3.4% | +8.6% | |
| Q3 2017 | +7.9% | +8.5% | +10.9% | |
| Q2 2017 | +0.6% | +2.8% | -4.2% | |
| Q1 2017 | +13.8% | +13.8% | +8.7% | |
| Q4 2016 | +4.8% | +4.2% | -8.6% | |
| Q3 2016 | -5.0% | -7.2% | +15.6% | |
| Q2 2016 | +5.4% | +3.3% | +15.9% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +5.9% | — | — | |
| Q3 2015 | -12.0% | — | — | |
| Q2 2015 | +8.5% | — | — | |
| Q1 2015 | +3.9% | — | — | |
| Q4 2014 | +11.5% | — | — | |
| Q3 2014 | +13.5% | — | — | |
| Q2 2014 | +4.4% | — | — | |
| Q1 2014 | -14.4% | — | — | |
| Q4 2013 | +5.4% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | +6.3% | — | — | |
| Q1 2013 | +4.4% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | +3.4% | — | — | |
| Q2 2012 | +1.5% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2011 | -11.9% | — | — | |
| Q4 2009 | -11.9% | — | — | |
| Q3 2010 | -10.9% | — | — | |
| Q3 2011 | -10.9% | — | — | |
| Q2 2010 | -10.2% | — | — | |
| Q4 2010 | -10.2% | — | — | |
| Q2 2011 | -10.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro