NYSE$UVE
Universal Insurance Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Universal Insurance Holdings reported its fourth quarter 2024 results, with a decrease in net income and EPS compared to the prior year quarter, primarily due to lower underwriting income.
Universal Insurance Holdings reported a decrease in net income and diluted GAAP EPS for the fourth quarter of 2024, with net income available to common stockholders at $6.0 million and diluted GAAP EPS at $0.21. Total revenues increased by 2.5% to $384.8 million, driven by higher net premiums earned and investment income, while the combined ratio increased to 107.9%.
- Diluted GAAP earnings per common share (EPS) were $0.21, a decrease from $0.68 in the prior year quarter.
- Total revenues increased by 2.5% to $384.8 million, compared to $375.5 million in the prior year quarter.
- Direct premiums written grew by 8.8% to $470.9 million, with growth in both Florida and other states.
- The net combined ratio increased to 107.9%, up from 103.7% in the prior year quarter, driven by higher net loss and expense ratios.
Headline financials
Revenue & EPS history
Universal Insurance · Revenue · Quarterly
$385M
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
The company is actively working on its 2025 reinsurance program, with a significant portion already placed, and has secured additional multi-year capacity for the 2026 hurricane season. They also noted progress in claims trends and a modest rate decrease filing in Florida.
Tailwinds
- 92% of the first event catastrophe tower for the 2025 reinsurance program is already placed.
- Significant additional multi-year capacity secured for the 2026 hurricane season.
- Continued progress observed in claims trends within the Florida book.
- Filed a modest rate decrease in Florida, correlated with December 2022 legislative changes.
- Commitment to helping customers restore their lives after hurricanes.
Headwinds
- Experienced three hurricanes in 2024 (Debbie, Helene, and Milton).
- Lower underwriting income contributed to the decrease in adjusted net income.
- Higher net combined ratio primarily reflects higher weather losses, partly from Hurricane Milton.
- Increased net expense ratio driven by higher policy acquisition costs and other operating costs.
- The company did not provide specific financial guidance for future periods in this report.
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 Q4 2024
+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% | — | — |
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