UVE Earnings Prediction
The chart below shows how UVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UVE sees a -3.88% change in stock price 10 days leading up to the earnings, and a +6.20% change 10 days following the report. On the earnings day itself, the stock moves by +1.69%. This data can give you a slight idea of what to expect for the next quarter's release.
UVE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
386.63M
5.98%
1.68%
Gross Margin
--
--
--
Operating Margin
2.79%
-39.74%
-144.57%
Net Margin
1.56%
-71.53%
-136.71%
EPS
0.21
-69.12%
-136.84%
No Data Available
UVE Earnings Analysis
Universal Insurance Holdings Inc Corporation (UVE.N) Earnings Conference Call
Positive
Core Revenue Increase: Core revenue increased by 5.7% year-over-year, reaching $386.4 million, driven by higher net premiums earned, net investment income, and commission revenue.
Premiums Growth and Market Expansion: Direct premiums written rose by 8.8% to $470.9 million, with significant growth of 38.4% in states outside Florida, indicating strong market expansion.
Direct Premiums Growth: Direct premiums earned increased by 7.7% year-over-year to $519.3 million, reflecting the growth in direct premiums written over the past year.
Share Repurchase Commitment: The company successfully repurchased approximately 370,000 shares for $7.7 million, demonstrating commitment to returning value to shareholders.
Quarterly Cash Dividend Declared: A quarterly cash dividend of $0.16 per common share was declared, payable on March 14, 2025, indicating ongoing financial stability and shareholder returns.
Negative
Earnings Per Share Decline: Adjusted diluted earnings per common share decreased to $0.25 from $0.43 in the prior year quarter, indicating a significant drop in profitability.
Worsening Underwriting Performance: The net combined ratio increased to 107.9%, up 4.2 points compared to the prior year quarter, suggesting worsening underwriting performance.
Loss Ratio Increase: The loss ratio rose to 82.3%, up 0.4 points, primarily due to higher weather losses from Hurricane Milton, indicating vulnerability to natural disasters.
Net Expense Ratio Increase: The net expense ratio increased to 25.6%, up 3.8 points from the prior year quarter, driven by higher policy acquisition costs and other operating costs, which could impact future profitability.
Core Revenue Increase Analysis: Despite an increase in core revenue to $386.4 million, the growth was primarily due to higher premiums and inflation adjustments rather than improved operational efficiency.
UVE FAQs
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UVE Earning Call Sentiment
Universal Insurance Holdings, Inc. (UVE) Q4 2024 Earnings Call Transcript
UVE.N
1.15%Positive
The earnings call summary reveals a mixed financial performance with declining EPS, increased loss and expense ratios, and regulatory risks, despite revenue growth. The Q&A highlights concerns about reserve development and unclear management responses, particularly regarding reinsurance costs. Although there is some positive sentiment from growth in new markets and share repurchases, the overall tone is negative, especially with the impact of hurricanes and increased expenses. The stock is likely to experience a negative reaction, falling between -2% to -8%.
