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UVE - Universal Insurance Holdings: Impressive Profitability At A Premium Valuation
UNIVERSAL INSURANCE HOLDINGS INC
2024-06-11 08:12:48 ET
Summary
Universal Insurance Holdings has seen a significant increase in profitability with a return on common equity of 38.1% in Q1 2024.
The stock reflects this performance with a premium to book value of around 33%, making it a cautious investment.
The company has a strong presence in Florida, which poses potential risks due to changing regulations, climate change, and competition from government insurance.