Universal Insurance Holdings Stock Earnings Reports

Universal reported a strong start to 2026 with a 38.5% annualized adjusted return on common equity and adjusted diluted EPS of $2.00 (vs. $1.44 prior year). Core revenue was $398.2 million, driven by higher net investment income and net premiums earned. Direct premiums written grew 8.5% to $506.5 million (Florida +4.9%, other states +18.3%), while net premiums earned were $356.9 million. Profitability improved: the net combined ratio fell to 89.7% (down 5.3 pts), driven by a 6.6-pt decline in the net loss ratio to 63.9%; the net expense ratio rose to 25.8% (up 1.3 pts) due to higher ceded premium ratio and acquisition costs outside Florida. Reinsurance was fully renewed for 2026–2027 and the company secured an additional $352 million of multiyear coverage extending through the 2027–2028 treaty period; retention remains $45 million with continued captive usage for the $66 million layer above that. Capital actions: repurchased ~210,000 shares for $7.1 million in Q1 (about $13.1 million remaining authorization) and the Board declared a $0.16 quarterly dividend. Management emphasized rate discipline, strong agent relationships, and capital priorities of supporting the insurance entities while returning value to shareholders.