- Universal Insurance press release ( NYSE: UVE ): Q3 Non-GAAP EPS of -$2.27.
- Revenue of $312.81M (+8.9% Y/Y).
- The GAAP operating loss margin was 29.3%, down from a GAAP operating income margin of 9.2% in the prior year quarter and the adjusted operating loss margin was 27.7%, down from an adjusted operating income margin of 9.0% in the prior year quarter.
- The company said lower adjusted operating income margin primarily reflects a higher net combined ratio, partly offset by higher net investment income and commission revenues.
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Universal Insurance Non-GAAP EPS of -$2.27, revenue of $312.81M