7/102 sources · 2 publishersUpdated Oct 23, 15:34 UTC
Universal Insurance posts 32% profit rise as Hurricane Isaias impact limited
Universal Insurance Holdings reported third‑quarter 2026 results. GAAP diluted EPS rose 30.4% year‑over‑year to $1.80 and adjusted EPS increased 41.9% to $1.93. Revenue grew 9.6% to $439.3 million and direct premiums written rose 2.7% to $608.9 million. The insurer said Hurricane Isaias caused less damage than expected and highlighted an 8% increase in policies in‑force.
Why it matters
The company expects the stronger earnings and underwriting performance to sustain its cash flow and support the quarterly dividend declared by the board. Higher profitability may also enable continued share repurchases.
Key facts
- 1GAAP diluted earnings per share were $1.80, up 30.4% YoY. stocktitan.net
- 2Adjusted diluted earnings per share were $1.93, up 41.9% YoY. stocktitan.net
- 3Total revenues were $439.3 million, up 9.6% YoY. stocktitan.net
- 4Direct premiums written were $608.9 million, up 2.7% YoY. stocktitan.net
- 5Book value per share was $23.37, up 32.4% YoY. stocktitan.net
- 6Policies in‑force grew 8% quarter‑over‑quarter. seekingalpha.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.