Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when UVE files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsUniversal Insurance reports Q2 EPS of $2.04, up 68.6%, with 38.8% annualized ROCE
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
-
high
Diluted EPS of $2.04, up 68.6% year-over-year, with annualized return on common equity of 38.8%. Book value per share increased 39.7% to $22.89.
Exhibit 99.1 view on EDGAR → -
high
Net loss ratio improved 7.5 percentage points to 64.8% from 72.3%, driven by favorable claims and litigation trends from Florida's legislative reforms. Combined ratio improved to 91.6% from 97.8%.
Exhibit 99.1 view on EDGAR → -
medium
Direct premiums written grew 4.1% to $621.3 million, with Florida up 0.8% and other states up 14.4%. Policies in force increased 7.1% year-over-year to 934,371.
Exhibit 99.1 view on EDGAR → -
medium
Net investment income increased to $20.2 million from $17.3 million, driven by higher fixed income reinvestment yields and higher invested assets.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 122,000 shares for $4.5 million during Q2, with $8.6 million remaining under current authorization. Board declared quarterly dividend of $0.16 per share, payable August 7, 2026.
Exhibit 99.1 view on EDGAR →
Summary
Universal Insurance delivered strong second quarter results, with diluted earnings per share of $2.04, up 68.6% from the prior year quarter. The company achieved a 38.8% annualized return on common equity, driven by significant improvement in underwriting performance.
The net loss ratio improved 7.5 percentage points to 64.8%, reflecting favorable claims and litigation trends stemming from Florida's legislative reforms that have stabilized the homeowners insurance market and reduced litigation inventory. The combined ratio improved to 91.6% from 97.8%, demonstrating operational leverage despite a modest increase in the expense ratio.
The company grew direct premiums written 4.1% to $621.3 million, with particularly strong growth in other states (up 14.4%) while maintaining Florida's core book (up 0.8%). Policies in force increased 7.1% year-over-year to 934,371, reflecting strong retention and new business generation. Net investment income rose to $20.2 million from $17.3 million, benefiting from higher reinvestment yields. The company returned capital through $4.5 million in share repurchases and maintained its quarterly dividend at $0.16 per share. Book value per share increased 39.7% year-over-year to $22.89, reflecting the strong earnings performance and capital efficiency.
Section-by-Section Diff
Event · Exhibit 99.1
Universal Insurance reports Q2 2026 results with diluted EPS of $2.04, 38.8% annualized ROCE, and 4.1% growth in direct premiums written.
Added in current filing · view on EDGAR →
Diluted GAAP earnings per common share (EPS) of $2.04; diluted adjusted* EPS of $1.84
•Annualized return on average common equity (“ROCE”) of 38.8%, annualized adjusted* ROCE of 33.2%
•Direct premiums written of $621.3 million, up 4.1% from the prior year quarter
•Book value per share of $22.89, up 39.7% year-over-year; adjusted book value per share* of $24.17, up 35.4% year-over-year
Universal Insurance reported second quarter 2026 diluted earnings per share of $2.04, up 68.6% from $1.21 in the prior year quarter. The company achieved a 38.8% annualized return on common equity, driven by strong underwriting performance. Direct premiums written grew 4.1% to $621.3 million, reflecting growth in both Florida and other states. Book value per share increased 39.7% year-over-year to $22.89.
Added in current filing · view on EDGAR → · paraphrased
Net loss ratio 64.8 % 72.3 % (7.5) pts 64.4 % 71.4 % (7.0) pts
Expense ratio 26.8 % 25.5 % 1.3 pts 26.3 % 25.0 % 1.3 pts
Combined ratio 91.6 % 97.8 % (6.2) pts 90.7 % 96.4 % (5.7) pts
The net loss ratio improved 7.5 percentage points to 64.8% from 72.3% in the prior year quarter, driven by favorable claims and litigation trends stemming from Florida's legislative reforms. The net combined ratio improved 6.2 points to 91.6%, despite a 1.3 point increase in the expense ratio to 26.8%. Management attributes the improved loss ratio to Florida's stabilized homeowners insurance market and reduced litigation inventory.
Added in current filing · view on EDGAR →
Direct premiums written - Florida $ 453,169 $ 449,715 $ 814,110 $ 793,759
Direct premiums written - Other States 168,145 147,005 313,751 270,039
Direct premiums written - Total $ 621,314 $ 596,720 $ 1,127,861 $ 1,063,798
Direct premiums written grew 4.1% to $621.3 million, with Florida up 0.8% to $453.2 million and other states up 14.4% to $168.1 million. Policies in force increased 7.1% year-over-year to 934,371. The growth reflects strong retention and new business generation across the company's multi-state footprint.
Added in current filing · view on EDGAR →
Net investment income 20,213 17,258 39,700 33,318
Net investment income increased to $20.2 million from $17.3 million in the prior year quarter, driven by higher fixed income reinvestment yields and higher invested assets. This contributed to the overall revenue growth of 6.7% to $427.0 million.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify