2023-07-27 17:10:11 ET
- Universal Insurance press release ( NYSE: UVE ): Q2 Non-GAAP EPS of $0.87 beats by $0.09 .
- Revenue of $339.57M (+16.3% Y/Y) beats by $14.78M .
- Annualized return on average common equity (“ROCE”) of 34.8%, annualized adjusted return on average common equity of 25.3%
- Direct premiums written of $547.1 million, up 2.7% from the prior year quarter
- Net combined ratio of 99.1%, down 1.8 points from the prior year quarter
- Book value per share of $11.12, up 17.4% from fourth quarter 2022; adjusted book value per share of $14.31, up 11.0% from fourth quarter 2022
For further details see:
Universal Insurance Non-GAAP EPS of $0.87 beats by $0.09, revenue of $339.57M beats by $14.78M