Edition:
India

Universal Insurance Holdings Inc (UVE.N)

UVE.N on New York Stock Exchange

28.75USD
20 Feb 2018
Change (% chg)

$-0.35 (-1.20%)
Prev Close
$29.10
Open
$29.05
Day's High
$29.05
Day's Low
$28.30
Volume
34,501
Avg. Vol
51,879
52-wk High
$30.45
52-wk Low
$15.10

Latest Key Developments (Source: Significant Developments)

Universal Insurance Holdings posts Q3 earnings $0.28/shr
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Universal Insurance Holdings Inc :Universal Insurance Holdings Inc reports third quarter 2017 financial results.Q3 earnings per share $0.28.Universal Insurance Holdings Inc - qtrly net premiums earned $174.5 million versus $159.5 mln‍​.Universal Insurance Holdings Inc - qtrly net investment income $3.1 million versus $2.3 mln‍​.Universal Insurance Holdings Inc - qtrly total revenues $190.2 million versus $172.4 mln‍​.Universal Insurance Holdings - quarter's results include $37 million of hurricane Irma losses & LAE, versus $11 million of weather losses above plan in Q3 2016​.  Full Article

Universal Insurance - Property & Casualty Insurance expects gross losses from Hurricane Irma of $350-450 mln
Wednesday, 11 Oct 2017 

Oct 10 (Reuters) - Universal Insurance Holdings Inc :Universal Insurance Holdings, Inc. announces impact from recent hurricanes.Universal Insurance Holdings - ‍Universal Property & Casualty Insurance anticipates gross losses relating to Hurricane Irma, Category 4 hurricane, from both Florida and other southeastern U.S. states will be $350-450 million​.Universal Insurance Holdings- ‍in light of UPCIC's reinsurance program, co expects to recognize net pre-tax losses relating to Hurricane Irma of only $35 million​.Universal Insurance Holdings - ‍American Platinum Property And Casualty Insurance anticipates gross losses relating to Hurricane Irma will be $1-2 million​.Universal Insurance Holdings Inc - ‍company expects no impact to Q3 2017 financial results from either Hurricane Harvey or Hurricane Maria​.Universal Insurance -‍expects to incur little or no losses relating to Hurricane Nate & affected Mississippi, Alabama, Louisiana, & Florida panhandle​.  Full Article

Universal Insurance Holdings Q2 earnings per share $0.94
Friday, 29 Jul 2016 

Universal Insurance Holdings Inc : Q2 net earned premiums grew by $43.6 million, or 38.6%, to $156.5 million . Qtrly total revenues increased by $46.2 million, or 37.4%, to $169.8 million . Board of directors authorized a new share repurchase program under which company may repurchase up to $20 million . Universal insurance holdings, inc. Reports record financial results for the second quarter of 2016 . Q2 earnings per share $0.94 . Q2 revenue rose 37.4 percent to $169.8 million .Qtrly net earned premiums grew by $43.6 million, or 38.6%, to $156.5 million.  Full Article

Universal Insurance completes prior announced $10 million share repurchase program
Tuesday, 14 Jun 2016 

Universal Insurance Holdings Inc : Universal Insurance Holdings Inc announces completion of previously announced $10 million share repurchase program and authorization of new $20 million share repurchase program . Company will fund share repurchase program with cash from operations. .May repurchase up to $20 million of its outstanding shares of common stock through December 31 , 2017..  Full Article

Universal Insurance Holdings, Inc. announces sale of $10 million of common stock to RenaissanceRe
Friday, 29 Apr 2016 

Universal Insurance Holdings:Sold 583,771 shares of common stock to RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe Holdings Ltd. (NYSE: RNR) (collectively, "RenaissanceRe"), in a private placement.RenaissanceRe is a global provider of catastrophe and specialty reinsurance and insurance.Common shares of UVE were sold to RenaissanceRe at a price of $17.13 per share, the closing price of UVE common stock on April 26, 2016, for total consideration of $10 million.  Full Article

BRIEF-Universal Insurance Holdings Reports Q4 Earnings Per Share $1.03

* UNIVERSAL INSURANCE HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS