NYSE : UVE
Universal Insurance Holdings, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 47.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.31B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 1.52B | 1.46B | 1.39B | 1.27B | 1.15B | 1.06B |
| Total Interest & Dividend Income | 80.15M | 70.63M | 59.15M | 48.45M | 25.79M | 12.54M |
| Gain (Loss) on Sale of Investments | 2.42M | 4.52M | 8.62M | 10.82M | -12.80M | 1.86M |
| Other Revenue | 63.20M | 69.65M | 60.20M | 61.50M | 60.86M | 49.28M |
| Total Revenue | 1.67B | 1.60B | 1.52B | 1.39B | 1.22B | 1.12B |
| Policy Benefits | 955.88M | 985.88M | 1.09B | 992.64M | 938.40M | 779.21M |
| Policy Acquisition & Underwriting Costs | 268.23M | 250.25M | 233.44M | 208.01M | ||
| Selling, General & Administrative | 300.17M | 307.78M | ||||
| Other Operating Expenses | 126.56M | 118.30M | 108.64M | 96.06M | ||
| Total Operating Expenses | 1.35B | 1.35B | 1.43B | 1.30B | 1.24B | 1.09B |
| Operating Income | 317.18M | 249.49M | 91.09M | 94.88M | -20.64M | 29.05M |
| Interest Expense | -7.27M | -6.42M | -6.48M | -6.53M | -6.61M | -638.00K |
| EBT Excluding Unusual Items | 309.90M | 243.07M | 84.61M | 88.35M | -27.25M | 28.41M |
| Pretax Income | 309.90M | 243.07M | 84.61M | 88.35M | -27.25M | 28.41M |
| Income Tax Expense | 77.33M | 60.12M | 25.68M | 21.53M | -4.99M | 8.01M |
| Net Income | 232.58M | 182.95M | 58.93M | 66.82M | -22.26M | 20.41M |
| Preferred Dividends & Other Adjustments | 10.00K | 10.00K | 10.00K | 10.00K | 10.00K | 10.00K |
| Net Income to Common | 232.57M | 182.94M | 58.92M | 66.81M | -22.27M | 20.40M |
| Shares Outstanding (Basic) | 27.57M | 27.89M | 28.50M | 29.83M | 30.75M | 31.22M |
| Shares Outstanding (Diluted) | 29.00M | 28.96M | 29.27M | 30.15M | 30.75M | 31.31M |
| EPS (Basic) | 8.44 | 6.56 | 2.07 | 2.24 | -0.72 | 0.65 |
| EPS (Diluted) | 8.02 | 6.32 | 2.01 | 2.22 | -0.72 | 0.65 |
| Free Cash Flow | 377.06M | 129.99M | 66.95M | 319.62M | 227.15M | |
| Free Cash Flow Per Share | 13.02 | 4.44 | 2.22 | 10.39 | 7.26 | |
| Dividend Per Share | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Operating Margin | 19.02% | 15.55% | 5.99% | 6.82% | -1.69% | 2.59% |
| Profit Margin | 13.94% | 11.41% | 3.88% | 4.80% | -1.82% | 1.82% |
| Free Cash Flow Margin | 23.51% | 8.55% | 4.81% | 26.14% | 20.25% | |
| EBITDA | 323.57M | 255.94M | 97.20M | 102.19M | -13.34M | 35.96M |
| EBITDA Margin | 19.40% | 15.96% | 6.39% | 7.34% | -1.09% | 3.21% |
| D&A For EBITDA | 6.40M | 6.44M | 6.12M | 7.31M | 7.30M | 6.91M |
| EBIT | 317.18M | 249.49M | 91.09M | 94.88M | -20.64M | 29.05M |
| EBIT Margin | 19.02% | 15.55% | 5.99% | 6.82% | -1.69% | 2.59% |
| Effective Tax Rate | 24.95% | 24.73% | 30.35% | 24.37% | 28.18% | |
| Revenue as Reported | 1.67B | 1.60B | 1.52B | 1.39B | 1.22B | 1.12B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 1.47B | 1.42B | 1.26B | 1.06B | 1.01B | 1.03B |
| Investments in Equity & Preferred Securities | 125.81M | 103.22M | 102.88M | 99.10M | 93.39M | 56.49M |
| Total Investments | 1.61B | 1.53B | 1.37B | 1.16B | 1.11B | 1.09B |
| Cash & Equivalents | 569.46M | 408.87M | 259.44M | 397.31M | 388.71M | 250.51M |
| Reinsurance Recoverable | 157.04M | 232.92M | 627.62M | 219.10M | 808.85M | 185.59M |
| Other Receivables | 113.16M | 87.62M | 87.84M | 85.36M | 78.10M | 86.77M |
| Deferred Policy Acquisition Cost | 144.71M | 128.56M | 121.18M | 109.98M | 103.65M | 108.82M |
| Property, Plant & Equipment | 47.88M | 49.35M | 48.65M | 47.63M | 51.40M | 53.68M |
| Restricted Cash | 68.64M | 68.97M | 2.63M | 2.63M | 2.63M | 2.63M |
| Other Current Assets | 409.25M | 291.03M | 262.72M | 236.25M | 282.43M | 240.99M |
| Long-Term Deferred Tax Assets | 35.34M | 27.66M | 42.16M | 43.17M | 57.26M | 16.33M |
| Other Long-Term Assets | 29.80M | 12.11M | 18.35M | 14.33M | 11.31M | 17.13M |
| Total Assets | 3.18B | 2.84B | 2.84B | 2.32B | 2.89B | 2.06B |
| Accrued Expenses | 37.04M | 26.31M | 25.93M | 20.99M | 18.54M | 22.32M |
| Unpaid Claims | 616.08M | 680.71M | 959.29M | 510.12M | 1.04B | 346.22M |
| Unearned Premiums | 1.28B | 1.15B | 1.11B | 1.04B | 998.82M | 911.46M |
| Reinsurance Payable | 453.65M | 257.24M | 220.33M | 191.85M | 384.50M | 188.66M |
| Current Portion of Long-Term Debt | 97.34M | 100.48M | ||||
| Short-Term Debt | 14.60M | 26.76M | ||||
| Current Income Taxes Payable | 28.55M | 6.56M | 5.89M | |||
| Long-Term Debt | 101.24M | 102.01M | 102.77M | 103.68M | ||
| Other Long-Term Liabilities | 57.26M | 41.56M | 48.57M | 90.60M | 58.84M | 27.35M |
| Total Liabilities | 2.54B | 2.29B | 2.47B | 1.98B | 2.60B | 1.63B |
| Common Stock | 483.00K | 482.00K | 475.00K | 472.00K | 472.00K | 470.00K |
| Additional Paid-In Capital | 130.19M | 124.32M | 121.78M | 115.09M | 112.51M | 108.20M |
| Retained Earnings | 909.55M | 757.45M | 596.85M | 560.69M | 517.46M | 563.71M |
| Treasury Stock | -324.24M | -305.06M | -282.69M | -260.78M | -238.76M | -227.12M |
| Comprehensive Income & Other | -69.94M | -26.15M | -63.17M | -74.17M | -103.78M | -15.57M |
| Shareholders' Equity | 646.04M | 551.03M | 373.25M | 341.30M | 287.90M | 429.70M |
| Total Liabilities & Equity | 3.18B | 2.84B | 2.84B | 2.32B | 2.89B | 2.06B |
| Filing Date Shares Outstanding | 27.64M | 28.01M | 28.10M | 28.97M | 30.43M | 31.24M |
| Total Common Shares Outstanding | 27.64M | 28.01M | 28.10M | 28.97M | 30.39M | 31.22M |
| Total Debt | 97.34M | 100.48M | 101.24M | 116.60M | 102.77M | 130.44M |
| Net Cash (Debt) | 472.12M | 308.39M | 158.20M | 280.70M | 285.94M | 120.07M |
| Net Cash Per Share | 16.28 | 10.65 | 5.40 | 9.31 | 9.30 | 3.84 |
| Book Value Per Share | 23.37 | 19.67 | 13.28 | 11.78 | 9.47 | 13.76 |
| Tangible Book Value | 643.72M | 551.03M | 373.25M | 341.30M | 287.90M | 429.70M |
| Tangible Book Value Per Share | 23.29 | 19.67 | 13.28 | 11.78 | 9.47 | 13.76 |
| Land | 5.34M | 5.34M | 5.34M | 5.34M | 5.34M | |
| Buildings | 45.58M | 42.37M | 41.53M | 40.34M | 35.88M | |
| Machinery | 29.60M | 28.35M | 24.87M | 27.63M | 24.33M | |
| Construction In Progress | 1.21M | 561.00K | 866.00K | 336.00K | 4.17M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 182.95M | 58.93M | 66.82M | -22.26M | 20.41M | |
| Depreciation & Amortization | 6.44M | 6.12M | 7.31M | 7.30M | 6.91M | |
| Other Amortization | 708.00K | 708.00K | 708.00K | 703.00K | 56.00K | |
| Gain (Loss) on Sale of Assets | 128.00K | 104.00K | 642.00K | -21.00K | 148.00K | |
| Gain (Loss) on Sale of Investments | -4.28M | -4.42M | -4.61M | 21.35M | 8.17M | |
| Stock-Based Compensation | 8.65M | 8.12M | 2.92M | 4.73M | 5.82M | |
| Change in Accounts Receivable | 81.00K | -1.43M | -7.99M | -5.36M | 1.50M | |
| Reinsurance Recoverable | 394.70M | -408.51M | 589.75M | -623.26M | -25.17M | |
| Change in Unearned Revenue | 47.12M | 67.46M | 40.40M | 87.36M | 78.77M | |
| Change in Income Taxes | 23.10M | -530.00K | 7.43M | 15.20M | 12.97M | |
| Change in Insurance Reserves / Liabilities | -278.58M | 449.17M | -528.67M | 692.57M | 23.75M | |
| Change in Other Net Operating Assets | -34.02M | -40.23M | 75.75M | -16.85M | -43.30M | |
| Other Operating Activities | 2.57M | -17.17M | 19.01M | -38.88M | -36.91M | |
| Operating Cash Flow | 381.49M | 137.36M | 70.97M | 324.51M | 234.38M | |
| Capital Expenditures | -4.44M | -7.37M | -4.02M | -4.90M | -7.23M | |
| Sale of Property, Plant & Equipment | 40.00K | 108.00K | 42.00K | 97.00K | 9.46M | |
| Investment in Securities | -109.21M | -218.07M | -11.27M | -144.05M | -234.22M | |
| Investing Cash Flow | -113.61M | -228.09M | -15.25M | -148.86M | -229.40M | |
| Long-Term Debt Issued | 100.00M | |||||
| Total Debt Repaid | -1.47M | -1.47M | -1.47M | -1.47M | -1.47M | |
| Net Debt Issued (Repaid) | -1.47M | -1.47M | -1.47M | -1.47M | 98.53M | |
| Repurchases of Common Stock | -28.48M | -23.33M | -22.36M | -12.06M | -2.67M | |
| Common Dividends Paid | -22.16M | -22.32M | -23.28M | -23.77M | -24.19M | |
| Preferred Dividends Paid | -10.00K | -10.00K | -10.00K | -10.00K | -10.00K | |
| Total Dividends Paid | -22.18M | -22.33M | -23.29M | -23.78M | -24.20M | |
| Other Financing Activities | -140.00K | -3.37M | ||||
| Financing Cash Flow | -52.12M | -47.13M | -47.12M | -37.46M | 68.30M | |
| Net Cash Flow | 215.76M | -137.87M | 8.60M | 138.20M | 73.27M | |
| Free Cash Flow | 377.06M | 129.99M | 66.95M | 319.62M | 227.15M | |
| Free Cash Flow Margin | 23.51% | 8.55% | 4.81% | 26.14% | 20.25% | |
| Free Cash Flow Per Share | 13.02 | 4.44 | 2.22 | 10.39 | 7.26 | |
| Levered Free Cash Flow | -39.45M | 173.74M | 18.20M | 306.77M | 276.62M | |
| Unlevered Free Cash Flow | -36.15M | 177.08M | 21.58M | 310.20M | 276.96M | |
| Cash Interest Paid | 5.71M | 5.77M | 5.82M | 5.80M | 127.00K | |
| Cash Income Tax Paid | 35.56M | 27.57M | 9.70M | -8.28M | -1.36M | |
| Change in Working Capital | 181.94M | 83.21M | -22.31M | 350.67M | 228.65M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.35B | 948.05M | 595.71M | 466.39M | 323.13M | 529.85M |
| Enterprise Value | 874.08M | 650.23M | 363.46M | 237.26M | 121.77M | 312.38M |
| PE Ratio | 6.07 | 5.18 | 10.11 | 6.98 | 25.98 | |
| PS Ratio | 0.80 | 0.59 | 0.39 | 0.34 | 0.26 | 0.47 |
| PB Ratio | 2.08 | 1.72 | 1.60 | 1.37 | 1.12 | 1.23 |
| P/FCF Ratio | 3.95 | 2.51 | 4.58 | 6.97 | 1.01 | 2.33 |
| P/OCF Ratio | 3.90 | 2.48 | 4.34 | 6.57 | 1.00 | 2.26 |
| EV/Sales Ratio | 0.52 | 0.41 | 0.24 | 0.17 | 0.10 | 0.28 |
| EV/EBITDA Ratio | 2.69 | 2.54 | 3.74 | 2.32 | 8.69 | |
| EV/EBIT Ratio | 2.74 | 2.61 | 3.99 | 2.50 | 10.75 | |
| EV/FCF Ratio | 2.56 | 1.72 | 2.80 | 3.54 | 0.38 | 1.38 |
| Debt / Equity Ratio | 0.15 | 0.18 | 0.27 | 0.34 | 0.36 | 0.30 |
| Debt / EBITDA Ratio | 0.30 | 0.39 | 1.04 | 1.14 | 3.63 | |
| Debt / FCF Ratio | 0.27 | 0.78 | 1.74 | 0.32 | 0.57 | |
| Net Debt / Equity Ratio | -0.73 | -0.56 | -0.42 | -0.82 | -0.99 | -0.28 |
| Net Debt / EBITDA Ratio | -1.46 | -1.21 | -1.63 | -2.75 | 21.43 | -3.34 |
| Net Debt / FCF Ratio | -0.82 | -1.22 | -4.19 | -0.90 | -0.53 | |
| Quick Ratio | 0.28 | 0.25 | 0.14 | 0.27 | 0.19 | 0.22 |
| Current Ratio | 0.53 | 0.57 | 0.54 | 0.53 | 0.64 | 0.51 |
| Asset Turnover | 0.53 | 0.56 | 0.59 | 0.54 | 0.49 | 0.59 |
| Return on Equity (ROE) | 40.76% | 39.59% | 16.49% | 21.24% | -6.20% | 4.64% |
| Return on Assets (ROA) | 6.32% | 5.49% | 2.21% | 2.28% | -0.52% | 0.95% |
| Return on Invested Capital (ROIC) | 32.20% | 33.35% | 13.61% | 16.91% | -4.34% | 3.87% |
| Earnings Yield | 16.48% | 19.30% | 9.89% | 14.33% | -6.89% | 3.85% |
| FCF Yield | 25.31% | 39.77% | 21.82% | 14.36% | 98.91% | 42.87% |
| Dividend Yield | 1.32% | 1.89% | 3.02% | 3.98% | 6.02% | 3.77% |
| Payout Ratio | 7.98% | 12.12% | 37.89% | 34.85% | 118.59% | |
| Buyback Yield / Dilution | -0.19% | 1.09% | 2.90% | 1.96% | 1.78% | 2.08% |
| Total Shareholder Return | 1.13% | 2.98% | 5.91% | 5.94% | 7.80% | 5.85% |