Universal Insurance Hold reported second-quarter 2026 results with GAAP diluted earnings per share of $2.04 and total revenues of $427.0 million. The company posted net income available to common stockholders of $59.2 million and an annualized return on common equity of 38.8%. Adjusted diluted EPS was $1.84 and adjusted ROCE was 33.2% for the quarter.
Financial Highlights
- Total revenues: $427.0 million for the three months ended June 30, 2026, up 6.7% year‑over‑year.
- Operating income: $81.6 million for the quarter; operating income margin 19.1% (GAAP).
- Net income available to common stockholders: $59.2 million; diluted GAAP EPS: $2.04.
- Adjusted diluted earnings per common share: $1.84; adjusted net income available to common stockholders: $53.4 million.
- Book value per share (end of period): $22.89; adjusted book value per share: $24.17.
Business Highlights
- Direct premiums written: $621.3 million in Q2 2026, up 4.1% versus prior year quarter driven by Florida and multi‑state growth.
- Policies in force increased to 934,371 (7.1% year‑over‑year growth) with Florida and other states contributing to expansion.
- Net loss ratio improved to 64.8%, down 7.5 points year‑over‑year, attributed to favorable claims and litigation trends and improved current accident year results.
- Ceded premium ratio decreased to 30.8%, reflecting the company’s new reinsurance program effective June 1, 2026.
- Share repurchases: ~122,000 shares repurchased in Q2 for $4.5 million; quarterly cash dividend declared at $0.16 per share.
Original SEC Filing:
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