Universal Insurance Holdings, Inc. (UVE) 10-Year Financial Performance & Capital Metrics

UVE • • Insurance & Managed Care

Financial ServicesProperty & Casualty InsurancePersonal Lines InsuranceFlorida-Focused Residential

AboutUniversal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire; and offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. It also advises on actuarial issues, oversees distribution, administers claims payments, performs policy administration and underwriting, and assists with reinsurance negotiations; places and manages reinsurance programs for the insurance entities; and operates Clovered.com, an online platform in which consumers receive side-by-side quotes from various carriers across multiple states, as well as educational materials about homeowners' insurance policies. It offers its products through a network of independent agents, as well as Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies. The company was formerly known as Universal Heights, Inc. and changed its name to Universal Insurance Holdings, Inc. in January 2001. Universal Insurance Holdings, Inc. was incorporated in 1990 and is headquartered in Fort Lauderdale, Florida.Show more

Revenue $1.52B +9.3%
Combined Ratio 94.44% +0.8%
Net Income $59M -11.8%
Return on Equity 16.49% -22.3%
Medical Cost Ratio 86.86% +0.7%
Operating Margin 5.56% -12.4%
Net Margin 3.88% -19.3%
ROA 2.28% -11.0%
Equity / Assets 13.13% -10.9%
Book Value per Share 12.75 +12.6%
Tangible BV/Share 8.61 +12.2%
Debt/Equity 0.27 -20.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 94.4% combined ratio
✓Healthy dividend yield of 2.5%
✓Share count reduced 2.9% through buybacks

✗Weaknesses

✗High loss ratio of 86.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.2%

5Y10.11%

3Y10.67%

TTM4.61%

Profit (Net Income) CAGR

10Y-2.12%

5Y4.84%

3Y42.4%

TTM67.85%

EPS CAGR

10Y-0.34%

5Y8.13%

3Y45.69%

TTM71.95%

ROCE

10Y Avg7.6%

5Y Avg2.02%

3Y Avg2.34%

Latest4.33%

Peer Comparison

Florida-Focused Residential

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HCIHCI Group, Inc.	2.27B	174.95	19.68	36.26%	24.97%	23.84%	14.46%	0.40
UVEUniversal Insurance Holdings, Inc.	838.94M	29.91	14.88	9.27%	7.74%	24.72%	15.49%	0.27
HRTGHeritage Insurance Holdings, Inc.	799.06M	25.85	12.86	11.08%	17.72%	34.12%	9.87%	0.49
SLDESlide Insurance Holdings, Inc. Common Stock	2.01B	16.17	10.04	80.74%	33.29%	36.16%	27.06%	0.11
AIIAmerican Integrity Insurance Group, Inc.	372.55M	19.03	9.81	1.73%	31.63%	27.59%	39.62%	0.02
ACICAmerican Coastal Insurance Corporation	548.61M	11.25	7.35	12.51%	26%	26.04%	44.38%	0.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	546.54M	685.29M	751.92M	823.82M	939.35M	1.07B	1.12B	1.22B	1.39B	1.52B
Revenue Growth %	0.48%	0.25%	0.1%	0.1%	0.14%	0.14%	0.05%	0.09%	0.14%	0.09%
Medical Costs & Claims+	275.96M	427.21M	489.27M	571.78M	780.94M	957.91M	1.01B	1.15B	1.2B	1.32B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	270.59M	258.08M	262.64M	252.03M	158.41M	114.86M	116.48M	70M	190.94M	199.73M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.1%	-0.05%	0.02%	-0.04%	-0.37%	-0.27%	0.01%	-0.4%	1.73%	0.05%
Operating Expenses+	95.56M	95.2M	92.16M	99.16M	94.9M	90.63M	88.07M	97.25M	102.59M	115.11M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.03M	3.24M	4.06M	4.82M	4.96M	5.11M	6.91M	7.3M	7.31M	6.12M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	175.02M	162.88M	170.48M	152.87M	63.52M	24.23M	28.41M	-27.25M	88.35M	84.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.37%	-0.07%	0.05%	-0.1%	-0.58%	-0.62%	0.17%	-1.96%	4.24%	-0.04%
EBITDA+	177.06M	166.13M	174.54M	157.69M	68.47M	29.34M	35.33M	-19.95M	95.66M	90.73M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	0	0	0	0	0	95K	582K	5.91M	5.82M	5.77M
Non-Operating Income	0	0	0	0	0	-95K	-582K	-5.91M	-5.82M	-5.77M
Pretax Income+	175.02M	162.88M	170.48M	152.87M	63.52M	24.23M	28.41M	-27.25M	88.35M	84.61M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	68.54M	63.47M	63.55M	35.82M	17M	5.13M	8.01M	-4.99M	21.53M	25.68M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	106.48M	99.41M	106.94M	117.05M	46.51M	19.11M	20.41M	-22.26M	66.82M	58.93M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.46%	-0.07%	0.08%	0.09%	-0.6%	-0.59%	0.07%	-2.09%	4%	-0.12%
EPS (Diluted)+	2.97	2.79	2.99	3.27	1.36	0.60	0.65	-0.72	2.22	2.01
EPS Growth %	0.43%	-0.06%	0.07%	0.09%	-0.58%	-0.56%	0.08%	-2.11%	4.08%	-0.09%
EPS (Basic)	3.06	2.85	3.07	3.36	1.37	0.60	0.65	-0.72	2.24	2.07
Diluted Shares Outstanding	35.88M	35.65M	35.81M	35.79M	34.23M	31.97M	31.31M	30.75M	30.15M	29.27M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	993.55M	1.06B	1.45B	1.86B	1.72B	1.76B	2.06B	2.89B	2.32B	2.84B
Asset Growth %	0.09%	0.07%	0.37%	0.28%	-0.07%	0.02%	0.17%	0.41%	-0.2%	0.23%
Total Investment Assets+	489.44M	651.6M	730.02M	883.72M	914.59M	919.92M	1.09B	1.1B	101.68M	1.27B
Long-Term Investments	483.32M	640.17M	711.55M	883.72M	899M	904.75M	1.09B	1.1B	10.43M	1.11B
Short-Term Investments	25.02M	5M	10M	0	855.28M	819.86M	0	0	91.25M	159.99M
Total Current Assets+	306.27M	173.76M	471.86M	1.48B	0	0	501.02M	1.47B	491.57M	1.61B
Cash & Equivalents	197.01M	105.73M	213.49M	166.43M	182.11M	167.16M	250.51M	388.71M	397.31M	259.44M
Receivables	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	-1.5B	-1.46B	129.08M	0	-478.5M	221.39M
Goodwill & Intangibles+	-13.91M	-10.67M	73.06M	84.69M	0	0	108.82M	103.65M	109.98M	121.18M
Goodwill	-73.93M	-75.59M	0	0	0	0	0	0	0	0
Intangible Assets	60.02M	64.91M	73.06M	84.69M	0	0	108.82M	103.65M	109.98M	121.18M
PP&E (Net)	27.07M	32.16M	32.87M	34.99M	41.35M	53.57M	53.68M	51.4M	47.63M	48.65M
Other Assets	483.17M	387.68M	698.98M	922.78M	-940.35M	-958.32M	-122.83M	-1.2B	1.68B	-1.19B
Total Liabilities	700.46M	688.82M	1.02B	1.36B	1.23B	1.31B	1.63B	2.6B	1.98B	2.47B
Total Debt+	24.05M	15.03M	12.87M	11.4M	100.33M	67.86M	130.44M	102.77M	116.6M	101.24M
Net Debt	-172.96M	-90.7M	-200.62M	-155.03M	-81.78M	-99.3M	-146.83M	-285.94M	-280.7M	-158.2M
Long-Term Debt	24.05M	15.03M	12.87M	11.4M	9.93M	8.46M	103.68M	102.77M	102.01M	99.77M
Short-Term Debt	0	0	36.72M	102.84M	90.4M	59.4M	26.76M	1.47M	14.6M	1.47M
Total Current Liabilities+	73.96M	84.08M	149.96M	199.21M	0	0	215.42M	1.53M	614.94M	634.54M
Accounts Payable	73.96M	84.08M	113.25M	96.36M	122.58M	10.31M	188.66M	403.05M	212.84M	220.33M
Deferred Revenue	0	0	0	0	0	0	0	57.26M	0	0
Other Current Liabilities	-73.96M	-84.08M	-36.72M	-102.84M	-324.81M	-152.92M	-49.07M	-478.79M	381.62M	354.32M
Deferred Taxes	1000K	1000K	1000K	1000K	0	0	1000K	1000K	1000K	0
Other Liabilities	670.61M	667.34M	989.8M	1.33B	-9.93M	-8.46M	1.52B	2.5B	-102.01M	2.36B
Total Equity+	293.09M	371.19M	439.99M	501.63M	493.9M	449.26M	429.7M	287.9M	341.3M	373.25M
Equity Growth %	0.34%	0.27%	0.19%	0.14%	-0.02%	-0.09%	-0.04%	-0.33%	0.19%	0.09%
Shareholders Equity	293.09M	371.19M	439.99M	501.63M	493.9M	449.26M	429.7M	287.9M	341.3M	373.25M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Retained Earnings	306.66M	381.86M	464.75M	553.22M	573.62M	567.51M	563.71M	517.46M	560.69M	596.85M
Common Stock	455K	453K	458K	465K	467K	468K	470K	472K	472K	475K
Accumulated OCI	-4.01M	-6.41M	-6.28M	-8.01M	20.36M	3.34M	-15.57M	-103.78M	-74.17M	-63.17M
Return on Equity (ROE)	0.42%	0.3%	0.26%	0.25%	0.09%	0.04%	0.05%	-0.06%	0.21%	0.16%
Return on Assets (ROA)	0.11%	0.1%	0.09%	0.07%	0.03%	0.01%	0.01%	-0.01%	0.03%	0.02%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.08x	0.04x	0.03x	0.02x	0.20x	0.15x	0.30x	0.36x	0.34x	0.27x
Book Value per Share	8.17	10.41	12.29	14.02	14.43	14.05	13.73	9.36	11.32	12.75
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	219.27M	121.4M	245.01M	230.1M	84.6M	29.35M	234.38M	324.51M	70.97M	137.36M
Operating CF Growth %	0.78%	-0.45%	1.02%	-0.06%	-0.63%	-0.65%	6.99%	0.38%	-0.78%	0.94%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	106.48M	99.41M	106.94M	117.05M	46.51M	19.11M	20.41M	-22.26M	66.82M	58.93M
Depreciation & Amortization	2.03M	3.24M	4.06M	4.82M	4.96M	5.11M	6.91M	7.3M	7.31M	6.12M
Stock-Based Compensation	17.39M	10.29M	10.52M	12.79M	13.01M	8.7M	5.82M	4.73M	2.92M	8.12M
Deferred Taxes	-693K	4.72M	1.31M	-3.74M	1.97M	2.79M	-4.27M	-12.13M	4.41M	-2.57M
Other Non-Cash Items	-9.81M	2.78M	33.53M	82.1M	-20.88M	-89.4M	-23.14M	-3.79M	11.82M	-16.45M
Working Capital Changes	103.87M	954K	88.67M	17.08M	39.03M	83.05M	228.65M	350.67M	-22.31M	83.21M
Cash from Investing+	-83.05M	-174.31M	-85.71M	-212.29M	28.33M	22.04M	-229.4M	-148.86M	-15.25M	-228.09M
Capital Expenditures	-11.87M	-8.22M	-4.62M	-6.73M	-11.31M	-17.22M	-7.23M	-4.9M	-4.02M	-7.37M
Acquisitions	-1M	36K	23K	35K	38K	182K	2.75M	34.18M	0	0
Purchase of Investments	-330.77M	-386.82M	-279.91M	-463.44M	-223M	-1.19B	-505.83M	-276.64M	-184.67M	-388.13M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-6.13M	-5.46M	-7.2M	-6.34M	9.65M	-7K	9.3M	-34.09M	42K	-2.66M
Cash from Financing+	-54.6M	-38.37M	-51.55M	-64.88M	-97.24M	-56.26M	68.3M	-37.46M	-47.12M	-47.13M
Dividends Paid	-22.3M	-24.2M	-24.01M	-25.52M	-26.12M	-24.56M	-24.2M	-23.78M	-23.29M	-22.33M
Share Repurchases	-18.91M	-8.51M	-18.14M	-25.28M	-66.19M	-28.92M	-1.61M	-11.64M	-22.02M	-21.91M
Stock Issued	511K	2.96M	0	0	0	0	0	0	0	0
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K
Other Financing	-6.83M	-6.61M	-7.22M	-12.71M	-3.71M	-1.31M	-4.42M	-558K	-339K	-1.42M
Net Change in Cash+	81.62M	-91.28M	107.76M	-47.06M	15.68M	-4.87M	73.27M	138.2M	8.6M	-137.87M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	115.4M	197.01M	105.73M	216.12M	169.06M	184.74M	179.87M	253.14M	391.34M	399.94M
Cash at End	197.01M	105.73M	213.49M	169.06M	184.74M	179.87M	253.14M	391.34M	399.94M	262.08M
Free Cash Flow+	207.4M	113.17M	240.39M	223.37M	73.28M	12.13M	227.15M	319.62M	66.95M	129.99M
FCF Growth %	0.82%	-0.45%	1.12%	-0.07%	-0.67%	-0.83%	17.72%	0.41%	-0.79%	0.94%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	5.78	3.17	6.71	6.24	2.14	0.38	7.26	10.39	2.22	4.44

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	67.98%	76.23%	77.33%	81.44%	93.24%	97.74%	97.47%	102.23%	93.65%	94.44%
Medical Cost Ratio	50.49%	62.34%	65.07%	69.41%	83.14%	89.29%	89.62%	94.27%	86.28%	86.86%
Return on Equity (ROE)	41.59%	29.93%	26.37%	24.86%	9.34%	4.05%	4.64%	-6.2%	21.24%	16.49%
Return on Assets (ROA)	11.18%	9.68%	8.5%	7.07%	2.6%	1.1%	1.07%	-0.9%	2.57%	2.28%
Equity / Assets	29.5%	35.02%	30.24%	26.99%	28.72%	25.54%	20.9%	9.96%	14.73%	13.13%
Book Value / Share	8.17	10.41	12.29	14.02	14.43	14.05	13.73	9.36	11.32	12.75
Debt / Equity	0.08x	0.04x	0.03x	0.02x	0.20x	0.15x	0.30x	0.36x	0.34x	0.27x
Revenue Growth	48%	25.39%	9.72%	9.56%	14.02%	14.2%	4.58%	8.99%	13.82%	9.27%

Frequently Asked Questions

Valuation & Price

Universal Insurance Holdings, Inc. (UVE) has a price-to-earnings (P/E) ratio of 14.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Universal Insurance Holdings, Inc. (UVE) grew revenue by 9.3% over the past year. This is steady growth.

Yes, Universal Insurance Holdings, Inc. (UVE) is profitable, generating $122.4M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

Yes, Universal Insurance Holdings, Inc. (UVE) pays a dividend with a yield of 2.55%. This makes it attractive for income-focused investors.

Universal Insurance Holdings, Inc. (UVE) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Industry Metrics

Universal Insurance Holdings, Inc. (UVE) has a combined ratio of 94.4%. A ratio below 100% indicates underwriting profitability.

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