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 -2.79% change in stock price 10 days leading up to the earnings, and a +6.85% change 10 days following the report. On the earnings day itself, the stock moves by +1.37%. 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
380.25M
5.61%
0.37%
Gross Margin
--
--
--
Operating Margin
-6.26%
261.85%
-149.21%
Net Margin
-4.25%
159.15%
-145.45%
EPS
-0.57
-185.00%
-147.11%
No Data Available
UVE Earnings Analysis
UNIVERSAL INSURANCE HLDG, INC. Corporation (UVE.N) Earnings Conference Call
Positive
Core Revenue Increase: Core revenue of $381.4 million was up 5.4% year-over-year with growth primarily stemming from higher net premiums earned, net investment income and commission revenue.
Premiums Written Growth: Direct premiums written were $574.4 million, up 8% from the prior year quarter, including 2.1% growth in Florida and 32.9% growth in other states.
Direct Premiums Growth: Direct premiums earned were $507.7 million, up 7% from the prior year quarter, reflecting direct premiums written growth over the past 12 months.
Net Combined Ratio Increase: The net combined ratio was 116.9%, up 6.2 points compared to the prior year quarter, reflecting higher net loss and expense ratios.
Share Repurchase Activity: During the quarter, the company repurchased 226,000 shares at an aggregate cost of $4.4 million.
Negative
Adjusted Loss Comparison: Adjusted loss per common share was $0.73 compared to an adjusted loss per common share of $0.16 in the prior year quarter.
Adjusted Net Loss Analysis: The higher adjusted net loss available to common stockholders mostly stems from lower underwriting income, partially offset by higher net investment income and commission revenue.
Net Combined Ratio Increase: The net combined ratio was 116.9%, up 6.2 points compared to the prior year quarter.
Net Loss Ratio Increase: The 91.7% net loss ratio was up 4.7 points compared to the prior year quarter, with the increase primarily attributable to higher weather losses mostly from Hurricane Helene.
Net Expense Ratio Increase: The net expense ratio was 25.2%, up 1.5 points compared to the prior year quarter, with the increase primarily attributable to higher policy acquisition costs associated with growth outside Florida and higher operating costs.
UVE FAQs
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UVE Earning Call Sentiment
Universal Insurance Holdings, Inc. (UVE) Q3 2024 Earnings Call Transcript
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UVE.N
-0.92%Positive
The earnings call reveals mixed signals: strong core revenue growth and favorable reserve development contrast with increased net loss and expense ratios due to higher weather losses and operating costs. The Q&A section highlights uncertainty regarding revenue recovery and reinstatement premiums, adding to concerns. While shareholder returns through dividends and share repurchases are positive, the overall financial health and market expansion risks balance the sentiment to a neutral outlook.