The company's capital position has strengthened, with equity expanding to $584.7 million in 2026Q1 from a 2023Q4 low of $341.3 million, though it remains sensitive to catastrophe risk given the $2.2 billion liability base.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Apr'97 | Apr'96 |
|---|
| Total Assets | 2.77B | 2.84B | 2.84B | 2.32B | 2.89B | 2.06B | 1.76B | 1.72B | 1.86B | 1.45B | 1.06B | 993.55M | 911.77M | 920.09M | 925.74M | 894.03M | 766.23M | 678.25M | 544.64M | 490.73M | 481.61M | 181.03M | 114M | 35.24M | 33.39M | 29.79M | 30.07M | 30.1M | 26.7M | 600K | 2.4M |
| Asset Growth % | 40.8% | -0.08% | 22.68% | -19.85% | 40.56% | 16.91% | 2.26% | -7.45% | 27.72% | 37.26% | 6.69% | 8.97% | -0.9% | -0.61% | 3.55% | 16.68% | 12.97% | 24.53% | 10.98% | 1.89% | 166.03% | 58.8% | 223.54% | 5.52% | 12.09% | -0.92% | -0.11% | 12.73% | 4350% | -75% | 26.32% |
| Total Investment Assets | 4M | 1.53B | 1.27B | 1.16B | 1.11B | 1.09B | 919.92M | 914.59M | 883.72M | 730.02M | 651.6M | 489.44M | 473.57M | 354.44M | 89.05M | 99.15M | 224.53M | 114.8M | 5.65M | 0 | 0 | 0 | 0 | 149.8K | 229.28K | 0 | 0 | 3.3M | 2.6M | 0 | 0 |
| Long-Term Investments | 5.42B | 1.37B | 1.11B | 96.45M | 91.18M | 53.23M | 904.75M | 899M | 883.72M | 711.55M | 640.17M | 483.32M | 423.58M | 354.44M | 89.05M | 99.15M | 224.53M | 114.8M | 5.65M | 0 | 0 | 0 | 0 | 149.8K | 229.28K | 0 | 0 | 3.3M | 2.6M | 0 | 0 |
| Short-Term Investments | 144.78M | 162.92M | 159.99M | 1.06B | 1.01B | 1.04B | 819.86M | 855.28M | 0 | 10M | 5M | 25.02M | 49.99M | 65.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1.14B | 1.24B | 1.61B | 2B | 2.57B | 1.8B | 0 | 0 | 1.48B | 471.86M | 173.76M | 306.27M | 287.47M | 347.55M | 516.75M | 287.98M | 211.63M | 244.83M | 302.45M | 299.19M | 466.94M | 175.45M | 111.2M | 8.55M | 5.79M | 10.5M | 10.4M | 16.3M | 12M | 0 | 0 |
| Cash & Equivalents | 595.77M | 408.87M | 259.44M | 397.31M | 388.71M | 250.51M | 167.16M | 182.11M | 166.43M | 213.49M | 105.73M | 197.01M | 115.4M | 117.28M | 347.39M | 229.69M | 147.59M | 192.92M | 256.96M | 214.75M | 232.89M | 48.04M | 22.44M | 8.01M | 4.59M | 10.5M | 10.4M | 16.3M | 12M | 0 | 0 |
| Receivables | 1.46B | 308.64M | 705.55M | 296.17M | 879.95M | 267.46M | 257.88M | 291.4M | 0 | 0 | 0 | 78.81M | 122.08M | 2.79M | 26.35M | 57.94M | 64.04M | 51.9M | 45.49B | 38.51M | 234.05M | 127.41M | 88.75M | 536.59K | 1.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 2.63M | 68.97M | 221.39M | 2.63M | 2.63M | 2.63M | -1.46B | -1.5B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 512.6M | 128.56M | 121.18M | 109.98M | 103.65M | 108.82M | 0 | 0 | 84.69M | 73.06M | -10.67M | -13.91M | -11.85M | -12.05M | -19.18M | -22.99M | -13.45B | -11.89B | -14.11B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 700K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -75.59M | -73.93M | -37.51M | -27.95M | -36.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 126.16M | 128.56M | 121.18M | 109.98M | 103.65M | 108.82M | 0 | 0 | 84.69M | 73.06M | 64.91M | 60.02M | 25.66M | 15.9M | 17.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 700K |
| PP&E (Net) | 49.35M | 49.35M | 48.65M | 47.63M | 51.4M | 53.68M | 53.57M | 41.35M | 34.99M | 32.87M | 32.16M | 27.07M | 17.25M | 9.29M | 8.97M | 7.12M | 5.41M | 1.25M | 864.13K | 4.27M | 3.87M | 888.33K | 2.59M | 1.42M | 1.11M | 961.86K | 641.12K | 200K | 0 | 0 | 100K |
| Other Assets | 26.1M | 24.01M | -1.19B | 22.63M | 18.31M | 22.03M | -958.32M | -940.35M | 922.78M | 698.98M | 387.68M | 483.17M | 470.94M | 556.36M | 827.72M | 787.76M | 536.29M | 562.2M | 538.12M | 486.47M | 477.74M | 180.15M | 111.41M | 33.67M | 32.05M | 28.83M | 29.42M | -3.5M | -2.7M | 600K | -800K |
| Total Liabilities | 2.18B | 2.29B | 2.47B | 1.98B | 2.6B | 1.63B | 1.31B | 1.23B | 1.36B | 1.02B | 688.82M | 700.46M | 692.86M | 744.48M | 762.22M | 744.02M | 626.44M | 564.97M | 443.08M | 418.16M | 459.56M | 171.08M | 110.67M | 31.76M | 29.7M | 26.13M | 23.17M | 21.3M | 19.3M | 1.5M | 1.3M |
| Total Debt | 100.29M | 100.48M | 101.24M | 116.6M | 102.77M | 130.44M | 67.86M | 100.33M | 11.4M | 12.87M | 15.03M | 24.05M | 36.52M | 52.25M | 46.22M | 47.18M | 46.19M | 44.93M | 25M | 25M | 37.38M | 1.15M | 703.88K | 841.27K | 699.43K | 444.08K | 0 | 0 | 100K | 0 | 0 |
| Net Debt | -495.48M | -308.39M | -158.2M | -280.7M | -285.94M | -120.07M | -99.3M | -81.78M | -155.03M | -200.62M | -90.7M | -172.96M | -78.87M | -65.03M | -301.18M | -182.51M | -101.39M | -147.99M | -231.96M | -189.74M | -195.51M | -46.89M | -21.74M | -7.17M | -3.89M | -10.06M | -10.4M | -16.3M | -11.9M | 0 | 0 |
| Long-Term Debt | 100.29M | 100.48M | 99.77M | 102.01M | 102.77M | 103.68M | 8.46M | 9.93M | 11.4M | 12.87M | 15.03M | 24.05M | 30.61M | 37.24M | 20.22M | 21.69M | 23.16B | 24.63M | 25M | 25M | 37.38M | 1.15M | 703.88K | 841.27K | 699.43K | 444.08K | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 1.47M | 14.6M | 0 | 26.76M | 59.4M | 90.4M | 102.84M | 36.72M | 0 | 0 | 5.92M | 14.95M | 25.99M | 25.48M | 0 | 20.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 0 |
| Total Current Liabilities | 2.04B | 2.15B | 634.54M | 1.8B | 2.44B | 1.52B | 0 | 0 | 199.21M | 149.96M | 84.08M | 73.96M | 76.11M | 104.62M | 115.62M | 117.3M | 64.74M | 96.57M | 28.41M | 2.97M | 2.73M | 1.94M | 3.52M | 1.18M | 1.34M | 0 | 0 | 1.6M | 100K | 1M | 900K |
| Accounts Payable | 135.79M | 257.24M | 220.33M | 191.85M | 384.5M | 188.66M | 10.31M | 122.58M | 96.36M | 113.25M | 84.08M | 73.96M | 70.19M | 89.67M | 89.63M | 91.81M | 79.32M | 76.28M | 27.13M | 36.86M | 2.73M | 1.94M | 3.52M | 1.18M | 1.34M | 0 | 0 | 0 | 0 | 1M | 900K |
| Deferred Revenue | 1.15B | 1.15B | 0 | 1.04B | 998.82M | 911.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 668.72M | 680.71M | 354.32M | 510.12M | 1.04B | 346.22M | -152.92M | -324.81M | -102.84M | -36.72M | -84.08M | -73.96M | -120.15M | -141.57M | -171.66M | -181.37M | -110.75M | -117.69M | -43.09M | 70.48M | -118.14M | -49.09M | -24.68M | -5.96M | -3.36M | 0 | 0 | 1.6M | 0 | -1M | -900K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 43.98M | 41.56M | 2.36B | 76M | 58.84M | 589K | -8.46M | -9.93M | 1.33B | 989.8M | 667.34M | 670.61M | 652.45M | 707.24M | 735.04M | -21.69M | -23.16B | -24.63M | -25M | 265.78M | -37.38M | -1.15M | -703.88K | -841.27K | -699.43K | -444.08K | 0 | 0 | 200K | 0 | 0 |
| Total Equity | 584.74M | 551.03M | 373.25M | 341.3M | 287.9M | 429.7M | 449.26M | 493.9M | 501.63M | 439.99M | 371.19M | 293.09M | 218.92M | 175.61M | 163.51M | 150M | 139.79M | 113.27M | 101.55M | 72.58M | 22.05M | 9.95M | 3.33M | 3.47M | 3.69M | 3.66M | 6.89M | 8.8M | 7.4M | -900K | 1.1M |
| Equity Growth % | 126.17% | 47.63% | 9.36% | 18.55% | -33% | -4.35% | -9.04% | -1.54% | 14.01% | 18.53% | 26.65% | 33.88% | 24.66% | 7.4% | 9.01% | 7.31% | 23.41% | 11.54% | 39.93% | 229.17% | 121.56% | 198.87% | -4.14% | -5.82% | 0.85% | -46.95% | -21.68% | 18.92% | 922.22% | -181.82% | 57.14% |
| Shareholders Equity | 584.74M | 551.03M | 373.25M | 341.3M | 287.9M | 429.7M | 449.26M | 493.9M | 501.63M | 439.99M | 371.19M | 293.09M | 218.92M | 175.61M | 163.51M | 150M | 139.79M | 113.27M | 101.55M | 72.58M | 22.05M | 9.92M | 3.33M | 3.47M | 3.69M | 3.66M | 6.89M | 8.8M | 7.4M | -900K | 1.1M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 807.08M | 757.45M | 596.85M | 560.69M | 517.46M | 563.71M | 567.51M | 573.62M | 553.22M | 464.75M | 381.86M | 306.66M | 222.47M | 168.73M | 127.51M | 116.16M | 108.82M | 84.1M | 75.65M | 50.72M | 5.39M | -5.49M | -11.95M | -11.64M | -11.31M | -11.33M | -8.24M | -6.7M | -7.8M | -8.1M | -5.7M |
| Common Stock | 483K | 482K | 475K | 472K | 472K | 470K | 468K | 467K | 465K | 458K | 453K | 455K | 19.45M | 436K | 419K | 411K | 404.07K | 402.15K | 401.58K | 393.07K | 380.57K | 286.04K | 265.49K | 215.01K | 167.18K | 148.95K | 148.95K | 100K | 100K | 0 | 0 |
| Accumulated OCI | -34.52M | -26.15M | -63.17M | -74.17M | -103.78M | -15.57M | 3.34M | 20.36M | -8.01M | -6.28M | -6.41M | -4.01M | -1.83M | -376K | 0 | 0 | 0 | 563.65K | 24.83K | 0 | 0 | 0 | 0 | -25.66K | -74.67K | 0 | 0 | 400K | 0 | 0 | 0 |
| Return on Equity (ROE) | 37.5% | 39.59% | 16.49% | 21.24% | -6.2% | 4.64% | 4.05% | 9.34% | 24.86% | 26.37% | 29.93% | 41.59% | 37% | 34.78% | 19.34% | 13.88% | 29.23% | 26.8% | 45.99% | 114.14% | 107.42% | 97.99% | -7.65% | -7.86% | 1.93% | -57.62% | -18.97% | 14.81% | 64.62% | -2400% | -166.67% |
| Return on Assets (ROA) | 6.54% | 6.44% | 2.28% | 2.57% | -0.9% | 1.07% | 1.1% | 2.6% | 7.07% | 8.5% | 9.68% | 11.18% | 7.97% | 6.39% | 3.33% | 2.42% | 5.12% | 4.71% | 7.73% | 11.11% | 5.19% | 4.41% | -0.35% | -0.82% | 0.22% | -10.16% | -4.95% | 4.23% | 15.38% | -160% | -69.77% |
| Equity / Assets | 21.11% | 19.4% | 13.13% | 14.73% | 9.96% | 20.9% | 25.54% | 28.72% | 26.99% | 30.24% | 35.02% | 29.5% | 24.01% | 19.09% | 17.66% | 16.78% | 18.24% | 16.7% | 18.65% | 14.79% | 4.58% | 5.5% | 2.92% | 9.86% | 11.04% | 12.27% | 22.92% | 29.24% | 27.72% | -150% | 45.83% |
| Debt / Equity | 0.17x | 0.18x | 0.27x | 0.34x | 0.36x | 0.30x | 0.15x | 0.20x | 0.02x | 0.03x | 0.04x | 0.08x | 0.17x | 0.30x | 0.28x | 0.31x | 0.33x | 0.40x | 0.25x | 0.34x | 1.70x | 0.12x | 0.21x | 0.24x | 0.19x | 0.12x | - | - | 0.01x | - | - |
| Book Value per Share | 20.30 | 19.13 | 12.75 | 11.32 | 9.36 | 13.73 | 14.05 | 14.43 | 14.02 | 12.29 | 10.41 | 8.17 | 6.23 | 4.65 | 4.03 | 3.71 | 3.44 | 2.80 | 2.52 | 1.75 | 0.56 | 0.29 | 0.11 | 0.15 | 0.23 | 0.25 | 0.47 | 0.55 | 0.45 | -0.04 | 0.05 |
| Tangible BV per Share | 15.92 | 14.67 | 8.61 | 7.67 | 5.99 | 10.25 | 14.05 | 14.43 | 11.65 | 10.25 | 10.71 | 8.56 | 6.57 | 4.97 | 4.50 | 3.71 | 3.44 | 2.80 | 2.52 | 1.75 | 0.56 | 0.29 | 0.11 | 0.15 | 0.23 | 0.25 | 0.47 | 0.55 | 0.44 | -0.04 | 0.02 |
Florida catastrophe exposure concentration
As reported in recent financial statements, UVE's equity base has expanded to $584.7 million in 2026Q1 from a low of $341.3 million in 2023Q4, suggesting a strengthening capital position driven by improved underwriting results and a more favorable regulatory environment in the Florida residential insurance market.
The steady climb in equity over the last ten quarters indicates that the company is successfully retaining earnings despite the inherent volatility of its primary market. This trend suggests that management's focus on underwriting discipline is effectively rebuilding the balance sheet buffer against future catastrophe-related shocks.
Based on historical data, UVE's claims and loss reserves have moderated to $228.1 million in 2026Q1 from the $375.6 million peak observed in 2024Q3, which may indicate a reduction in the severity of claims and a potential easing of the litigation-driven loss adjustment expenses previously impacting the firm.
The decline in reserve levels relative to prior periods suggests that the company is experiencing a more stable claims environment. Investors should monitor whether this trend persists, as any sudden reversal could imply that previous reserve estimates were overly optimistic regarding the impact of recent tort reforms.
According to recent SEC filings, UVE maintains a total asset base of $2.8 billion against $2.2 billion in liabilities, reflecting a leverage profile that remains sensitive to the company's ability to manage its catastrophe risk through reinsurance rather than relying solely on its own statutory capital.
The current asset-to-liability ratio suggests that the company maintains an adequate capital buffer, though the reliance on reinsurance remains a critical structural feature. This capitalization structure appears designed to protect the balance sheet from extreme events, but it also limits the company's ability to retain the full upside of favorable underwriting years.
While UVE's recent profitability appears robust, the company's heavy reliance on third-party reinsurance, as evidenced by the significant gap between gross and net premiums, warrants further investigation into the potential for future margin compression if global reinsurance treaty pricing continues to harden in the coming cycles.
The balance sheet's stability is fundamentally tied to the availability and cost of reinsurance, which acts as a primary shock absorber for the firm. If reinsurance markets tighten further, the company may face a difficult choice between absorbing higher costs or passing them on to policyholders, which could impact future growth.
Quick answers to the most common questions about buying UVE stock.
As of 2025, Universal Insurance Holdings, Inc. (UVE) had total assets of $2.84B including $1.24B in current assets.
Universal Insurance Holdings, Inc. (UVE) carries total debt of $100.5M, offset by $571.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Universal Insurance Holdings, Inc. (UVE) has total shareholders' equity (book value) of $551.0M ($19.13 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Universal Insurance Holdings, Inc. (UVE) reported a current ratio of 0.58x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.