Universal Insurance Holdings, Inc. (UVE) Earnings
Universal Insurance Holdings, Inc. is expected to report next earnings on October 22, 2026 (in NaN days), with a consensus EPS estimate of $0.03. UVE has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +40.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 24, 2026 | $1.43 | $1.84 | +28.7% | $621M | +1.1% |
| Apr 24, 2026 | $1.39 | $2.00 | +43.9% | $507M | +6.0% |
| Feb 25, 2026 | $1.30 | $2.17 | +66.9% | $408M | +10.2% |
| Oct 23, 2025 | $1.10 | $1.36 | +23.6% | $401M | +7.5% |
| Jul 24, 2025 | $1.09 | $1.23 | +12.8% | $400M | +9.9% |
| Apr 24, 2025 | $1.12 | $1.44 | +28.6% | $395M | +11.2% |
| Oct 24, 2024 | $-1.03 | $-0.73 | +29.1% | $388M | +9.8% |
| Jul 25, 2024 | $1.02 | $1.18 | +15.7% | $380M | +11.0% |
| Apr 25, 2024 | $1.05 | $1.07 | +1.9% | $368M | +8.8% |
| Feb 22, 2024 | $0.23 | $0.43 | +87.0% | $375M | +13.6% |
| Oct 26, 2023 | $-0.28 | $-0.16 | +42.9% | $360M | +11.6% |
| Jul 27, 2023 | $0.77 | $0.87 | +13.0% | $340M | +14.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · July 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Overall Financial & Underwriting Performance * Delivered a 33.2% annualized adjusted return on common equity, described by management as very strong * Net loss ratio improved 7.5 percentage points year-over-year, driven by favorable claims and litigation trends * Net combined ratio improved 6.2 percentage points year-over-year to 91.6%, with improvements partially offset by a 1.3 percentage point increase in the net expense ratio - Florida Market Update * Improved performance in Florida is directly attributed to recent Florida legislative insurance reforms * The Florida homeowners insurance market has stabilized and now operates similarly to other U.S. state markets * Universal's litigation inventory has returned to pre-litigation crisis levels, and the negative impact of pre-reform claims practices is fully resolved * Aggregate loss reserves now hold a meaningful margin above expected ultimate losses - Operational & Capital Actions * Continued strong policy retention and new business generation grew total direct premiums written * Repurchased 122,000 common shares in Q2 2026 for an aggregate cost of $4.5 million, with $8.6 million remaining in the current share repurchase authorization * The board of directors declared a $0.16 per share quarterly cash dividend, payable August 7, 2026 to shareholders of record as of July 31, 2026 - Strategic Positioning * Reinsurance pricing has become more favorable for the company * Universal holds a robust organic new business pipeline of rate-adequate premium
Guidance
Management did not release specific numeric guidance for future periods, nor did they issue upward, downward, or maintained revisions to prior guidance. Management stated that favorable current claims and litigation trends are expected to improve non-catastrophe margins for the full year 2026, and expressed confidence that the company is well-positioned to deliver sustained profitable growth going forward.
Segment performance
Universal reports two primary operating segments for this quarter: the Florida segment and the out-of-state multi-state segment. For the quarter ending Q2 2026, total direct premiums written (DPW) reached $621.3 million, a 4.1% year-over-year increase. The Florida segment contributed 0.8% DPW growth year-over-year, while the out-of-state segment delivered 14.4% DPW growth year-over-year. Overall growth is driven by higher total policies in force across the company's entire multi-state footprint. Additional aggregate financials: core revenue totaled $419.4 million, up 4.6% YoY; net premiums earned reached $377.3 million, up 4.7% YoY; adjusted diluted earnings per common share was $1.84, up from $1.23 in the prior year quarter.
Risks & headwinds
No specific risks or operational failures were discussed on the call. Management only noted the standard general disclaimer that forward-looking statements are subject to inherent assumptions, risks, and uncertainties that could cause actual results to differ materially from forward-looking projections.
Analyst Q&A
Q: Paul Newsome of Piper Sandler asked management to share their perspective on the current competitive landscape for the business, both in Florida and out-of-state, and to comment on the accelerating growth observed outside Florida. /
A: Management stated the company maintains an unwavering focus on its internal profitability model when writing new business, with a core goal of only writing rate-adequate business across all geographies. Management added they have strong, positive relationships with independent agents, are confident in their market position, and growth in the Florida book reflects management's positive outlook on the segment. For out-of-state markets, the company continues to update rates to achieve rate adequacy, and opens new regions to write more business as rate adequacy improves, with agents viewing Universal as a reliable market partner.
Q: Newsome followed up asking for management's perspective on potential changes to Florida's state-run residual market (Citizens) and an update on Florida's current regulatory environment. /
A: Management responded that Citizens has reduced its policy count substantially, reaching multi-decade lows, and is no longer a meaningful competitive threat to Universal in Florida. Management added that Citizens has proactively stopped taking on unwanted new business, and Florida's regulatory environment has remained very steady post-reform. Florida regulators have done admirable work encouraging private market participation, and the overall market now reflects broad positive sentiment post-reform.