Universal Insurance Holdings, Inc. (N:UVE)

Business Focus: Property & Casualty Insurance

Jul 31, 2019 04:15 pm ET
Universal Insurance Holdings Reports Second Quarter 2019 Results
FORT LAUDERDALE, Fla., July 31, 2019 /PRNewswire/ -- ...
Jul 16, 2019 04:15 pm ET
Universal Insurance Holdings Announces Second Quarter 2019 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., July 16, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) will issue a press release reporting its second quarter results after the close of trading on the NYSE on Wednesday, July 31, 2019. The company will host a conference call on Thursday, August 1, 2019, at 8:30 a.m. Eastern Time (ET) to discuss its second quarter 2019 financial results....
Jul 11, 2019 04:15 pm ET
Universal Insurance Holdings Announces Sean P. Downes to be Named Executive Chairman. Stephen J. Donaghy Appointed as New CEO.
FORT LAUDERDALE, Fla., July 11, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Sean P. Downes will take on a new role as Executive Chairman, commencing July 15, 2019. This move fits with Mr. Downes's family and personal goals after 20 years as an executive of the Company, including the past six years as Chairman and CEO. The Board has appointed current Chief Operating Officer, Stephen J. Donaghy, as the new Chief Executive Officer.  ...
May 06, 2019 04:15 pm ET
Universal Insurance Holdings Announces New $40 Million Share Repurchase Authorization
FORT LAUDERDALE, Fla., May 6, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $40 million of its outstanding shares of common stock through December 31, 2020. This new authorization follows the existing $20 million share repurchase program that is expected to be completed in the second quarter of 2019. ...
Apr 24, 2019 04:15 pm ET
Universal Insurance Holdings Reports First Quarter 2019 Results
FORT LAUDERDALE, Fla., April 24, 2019 /PRNewswire/ -- Universal Insurance Holdings (NYSE: UVE) (the "Company") reported 2019 first quarter diluted EPS of $1.14 on a GAAP basis and $1.00 non-GAAP adjusted EPS1. Total revenue was up 23.5% from the year-ago quarter to $236.6 million. Book value per share grew to $15.57, an increase of 17.2% year over year, with an annualized return on average equity of 30.4%....
Apr 11, 2019 04:15 pm ET
Universal Insurance Holdings Announces First Quarter 2019 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., April 11, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) will issue a press release reporting its first quarter results after the close of trading on the NYSE on Wednesday, April 24, 2019. The company will host a conference call on Thursday, April 25, 2019, at 8:30 a.m. Eastern Time (ET) to discuss its first quarter 2019 financial results....
Apr 10, 2019 04:15 pm ET
Universal Insurance Holdings Declares Cash Dividend of 16 Cents per Share
FORT LAUDERDALE, Fla., April 10, 2019 /PRNewswire/ -- The Board of Directors of Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 10, 2019, to shareholders of record as of the close of business on May 3, 2019....
Mar 20, 2019 04:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary Universal Property Writes First Homeowners Insurance Policy in Illinois
FORT LAUDERDALE, Fla., March 20, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (Universal Property), has written its first homeowners policy in Illinois. This marks the 18th state where consumers can purchase a Universal Property policy through independent agents or directly through the Universal Property online distribution channel Universal DirectSM....
Feb 28, 2019 03:15 pm ET
Universal Insurance Holdings Reports Fourth Quarter 2018 Results
FORT LAUDERDALE, Fla., Feb. 28, 2019 /PRNewswire/ -- ...
Feb 14, 2019 03:15 pm ET
Universal Insurance Holdings, Inc. Announces Fourth Quarter 2018 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., Feb. 14, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) will issue a press release reporting its fourth quarter results after the close of trading on the NYSE on Thursday, February 28, 2019. The company will host a conference call on Friday, March 1, 2019, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter 2018 financial results....
Jan 31, 2019 03:15 pm ET
Universal Insurance Holdings, Inc. Declares Cash Dividend of 0.16 Cents per Share
FORT LAUDERDALE, Fla., Jan. 31, 2019 /PRNewswire/ -- The Board of Directors of Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend of 0.16 cents per share of common stock, payable March 25, 2019, to shareholders of record as of the close of business on March 11, 2019. ...
Dec 12, 2018 03:15 pm ET
Universal Insurance Holdings, Inc. Announces New $20 Million Share Repurchase Authorization and Completion of Existing $20 Million Share Repurchase Program
FORT LAUDERDALE, Fla., Dec. 12, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through May 31, 2020. This new authorization follows the completion of the $20 million share repurchase program announced on November 8, 2017....
Nov 16, 2018 03:15 pm ET
Universal Insurance Holdings, Inc. Declares Cash Dividend of 0.29 Cents per Share
FORT LAUDERDALE, Fla., Nov. 16, 2018 /PRNewswire/ -- The Board of Directors of Universal Insurance Holdings, Inc. (NYSE: UVE) has declared a quarterly cash dividend of 0.29 cents per share on the common stock, payable December 4, 2018, to shareholders of record as of the close of business on November 27, 2018. The 0.29 cents per share dividend includes a 0.16 cent per share regular quarterly cash dividend and an additional special cash dividend of 0.13 cents per share, bringing the total special and ordinary dividends declared in 2018 to 0.73 cents per share....
Nov 08, 2018 09:00 am ET
Recent Analysis Shows Automatic Data Processing, GTx, Ionis Pharmaceuticals, TriNet Group, Ternium S.A, and UNIVERSAL INSURANCE HOLDINGS INC Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Automatic Data Processing, Inc. (NASDAQ:ADP), GTx, Inc. (NASDAQ:GTXI),...
Oct 29, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Reports Third Quarter 2018 Results
FORT LAUDERDALE, Fla., Oct. 29, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $37.4 million and $1.04, respectively for the third quarter of 2018. ...
Oct 22, 2018 04:44 pm ET
Universal Insurance Holdings, Inc. Announces Expected Financial Impact from Recent Weather Events
FORT LAUDERDALE, Fla., Oct. 22, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today the expected financial impact to the Company from recent weather events, including Tropical Storm Gordon and Hurricane Florence (which occurred during the third quarter of 2018) as well as Hurricane Michael (which occurred during the fourth quarter of 2018).  Using claims information received to date and post event catastrophe model estimations, the company expects the following:...
Oct 17, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Announces Third Quarter 2018 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., Oct. 17, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release third quarter 2018 financial results after the close of trading on the NYSE on Monday, October 29, 2018. Members of the Universal management team will host a conference call the next day, Tuesday, October 30, 2018, at 9:00 AM ET to discuss third quarter 2018 financial results. Following prepared remarks, management will conduct a question and answer session....
Aug 02, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Announces the Addition of Darryl Lewis as Chief Legal Officer
FORT LAUDERDALE, Fla., Aug. 2, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it has appointed Darryl L. Lewis to the position of Chief Legal Officer, effective August 1, 2018. In conjunction with his new role, Mr. Lewis will be resigning from his position on the Company's Board of Directors, where he has served as a Director since 2013.  Mr. Lewis is an established trial attorney in Florida and throughout the southeast region of the United States, and was previously a shareholder with the law firm of Searcy Denney Scarola Barnhart & Shipley, P.A...
Jul 25, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Reports Second Quarter 2018 Results
FORT LAUDERDALE, Fla., July 25, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $46.1 million and $1.29, respectively for the second quarter of 2018. ...
Jul 12, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Announces Second Quarter 2018 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., July 12, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release second quarter 2018 financial results after the close of trading on the NYSE on Wednesday, July 25, 2018. Members of the Universal management team will host a conference call the next day, Thursday, July 26, 2018, at 10:00 AM ET to discuss second quarter 2018 financial results. Following prepared remarks, management will conduct a question and answer session....
Jun 07, 2018 08:00 am ET
New Research Coverage Highlights Universal Insurance Holdings, Harmony Gold Mining Company, Schweitzer-Mauduit International, U.S. Concrete, IPG Photonics, and Grupo Financiero Galicia S.A — Consolida
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Universal Insurance Holdings, Inc. (NYSE:UVE), Harmony Gold Mining Company...
May 29, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Announces Increased Quarterly Dividend of $0.16 Per Share
FORT LAUDERDALE, Fla., May 29, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.16 per share of common stock, up $0.02 or 14.3% from the $0.14 per share quarterly dividend that the Company previously paid in the first and second quarters of 2018. Payment will be made on July 16, 2018 to shareholders of record on July 2, 2018. ...
Apr 24, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Reports First Quarter 2018 Results
FORT LAUDERDALE, Fla., April 24, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $40.1 million and $1.12, respectively for the first quarter of 2018. ...
Apr 13, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Announces First Quarter 2018 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., April 13, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release first quarter 2018 financial results after the close of trading on the NYSE on Tuesday, April 24, 2018. Members of the Universal management team will host a conference call the next day, Wednesday, April 25, 2018, at 10:00 AM ET to discuss first quarter 2018 financial results. Following prepared remarks, management will conduct a question and answer session....
Apr 12, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend of $0.14 Per Share
FORT LAUDERDALE, Fla., April 12, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.14 per share of common stock to be paid on May 4, 2018 to shareholders of record as of April 27, 2018.  ...
Apr 11, 2018 08:00 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within UNIVERSAL INSURANCE HOLDINGS INC, Sumitomo Mitsui Financial Group, Capella Education, Turning Point Brands, JD, and 21Vianet Group —
NEW YORK, April 11, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE), Sumitomo...
Apr 04, 2018 04:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy and Launches Universal Direct in New Hampshire
FORT LAUDERDALE, Fla., April 4, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has commenced operations and written its first homeowners policy in New Hampshire, and has also launched Universal DirectSM, the direct-to-consumer online platform for UPCIC products, in the state....
Mar 16, 2018 07:50 am ET
New Research: Key Drivers of Growth for Oaktree Specialty Lending, Retail Opportunity Investments, WAVE Life Sciences, Siliconware Precision Industries, UNIVERSAL INSURANCE HOLDINGS INC, and Sina — Fa
NEW YORK, March 16, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Oaktree Specialty Lending Corp. (NASDAQ:OCSL), Retail...
Feb 21, 2018 07:20 am ET
Universal Insurance Holdings, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 21, 2018 / Universal Insurance Holdings, Inc. (NYSE: UVE) will be discussing their earnings results in their Q4 Earnings Call to be held on February 21, 2018 at 10:00 AM Eastern Time.
Feb 20, 2018 03:15 pm ET
Universal Insurance Holdings, Inc. Reports Fourth Quarter and Full Year 2017 Results
FORT LAUDERDALE, Fla., Feb. 20, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $36.4 million and $1.03, respectively for the fourth quarter of 2017. For the year ended December 31, 2017, net income was $106.9 million while diluted EPS was $2.99. ...
Feb 08, 2018 04:37 pm ET
Universal Insurance Holdings, Inc. Announces Fourth Quarter 2017 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., Feb. 8, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release fourth quarter 2017 financial results after the close of trading on the NYSE on Tuesday, February 20, 2018. Members of the Universal management team will host a conference call the next day, Wednesday, February 21, 2018, at 10:00 AM ET to discuss fourth quarter 2017 financial results. Following prepared remarks, management will conduct a question and answer session....
Jan 22, 2018 03:15 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend of $0.14 Per Share
FORT LAUDERDALE, Fla., Jan. 22, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.14 per share of common stock to be paid on March 12, 2018 to shareholders of record as of February 28, 2018.  ...
Nov 28, 2017 08:15 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Visa, The Kraft Heinz, AbbVie, Fossil Group, Geron, and Universal Insurance Holdings — New Research Emphasizes Economic Growth
NEW YORK, Nov. 28, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Visa Inc. (NYSE:V), The Kraft Heinz...
Nov 16, 2017 04:17 pm ET
Universal Insurance Holdings, Inc. Declares Cash Dividend of $0.27 Per Share
FORT LAUDERDALE, Fla., Nov. 16, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.27 per share of common stock to be paid on December 4, 2017 to shareholders of record as of November 27, 2017. The $0.27 per share dividend includes the expected $0.14 per share fourth quarter dividend, consistent with the dividends paid for each of the first three quarters of 2017, and an additional special dividend of $0.13 per share. Including the total fourth regular and special dividends, the Company's cash dividen...
Nov 08, 2017 04:15 pm ET
Universal Insurance Holdings, Inc. Reports Third Quarter 2017 Financial Results
FORT LAUDERDALE, Fla., Nov. 8, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $10.0 million and $0.28, respectively for the third quarter of 2017. For the first nine months of 2017, net income was $70.5 million while diluted EPS was $1.96. ...
Oct 23, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Third Quarter 2017 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., Oct. 23, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release third quarter 2017 financial results after the close of trading on the NYSE on Wednesday, November 8, 2017. Members of the Universal management team will host a conference call the next day, Thursday, November 9, 2017, at 10:00 AM ET to discuss third quarter financial results. Following prepared remarks, management will conduct a question and answer session....
Oct 16, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy and Launches Universal Direct in New York
FORT LAUDERDALE, Fla., Oct. 16, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has written its first homeowners policy in New York. The Company also announced the official launch of Universal DirectSM, the direct-to-consumer online platform for UPCIC products, in New York....
Oct 10, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Impact from Recent Hurricanes
FORT LAUDERDALE, Fla., Oct. 10, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today the expected impact to the Company from recent hurricanes.  Using claims information received to date and post event catastrophe model estimations, Universal Property & Casualty Insurance Company (UPCIC) anticipates that gross losses relating to Hurricane Irma, a Category 4 hurricane, from both Florida and other Southeastern U.S. states will be $350-450 million.  In light of UPCIC's substantial reinsurance program, the Company expects to recognize net pre-tax losses relatin...
Sep 13, 2017 06:43 pm ET
Universal Property & Casualty Insurance Company Discusses Hurricane Irma Response
FORT LAUDERDALE, Fla., Sept. 13, 2017 /PRNewswire/ -- Today Universal Property & Casualty Insurance Company ("UPCIC"), a wholly owned subsidiary of Universal Insurance Holdings, Inc. (NYSE: UVE) updated the status of its response to Hurricane Irma, which made landfall in the Florida Keys on September 10, 2017 as a Category 4 storm on the Saffir-Simpson Hurricane Scale, before making landfall later that day in Southeast Florida as a Category 3 storm.  UPCIC has more than $300 million in surplus and a catastrophe reinsurance program providing $2.65 billion in coverage for an event such as ...
Sep 05, 2017 04:40 pm ET
Universal Insurance Holdings, Inc. Highlights Strength of Reinsurance Program
FORT LAUDERDALE, Fla., Sept. 5, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) (the "Company") today noted that on June 1, 2017, Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's wholly-owned insurance company subsidiaries, completed the placement of the Company's 2017-2018 reinsurance programs, effective June 1, 2017....
Aug 31, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend of $0.14 Per Share
FORT LAUDERDALE, Fla., Aug. 31, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (UVE) announced today that its Board of Directors has declared a cash dividend of $0.14 per share of common stock to be paid on October 24, 2017 to shareholders of record on September 12, 2017. If declared and paid as intended, the annual aggregate dividend in 2017 will be $0.56 for each common share.  ...
Aug 28, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. To Be Honored by Women Executive Leadership Florida for Advancing Gender Diversity in the Boardroom
FORT LAUDERDALE, Fla., Aug. 28, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will be honored at the Women Executive Leadership (WEL) Florida 2017 Corporate Salute Event on September 12, 2017, for helping to accelerate the advancement of gender diversity in our boardroom and C-Suite.  Universal will receive the Breakthrough Award, which honors companies like ours who have added a female executive to the board for the first time since WEL's Census in 2014. For more information on Corporate Salute please visit: http://welflorida.org/events/wel-corp...
Jul 31, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Reports Second Quarter 2017 Financial Results
FORT LAUDERDALE, Fla., July 31, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $29.4 million and $0.82, respectively for the second quarter of 2017. For the first six months of 2017, net income was $60.6 million while diluted EPS was $1.68. ...
Jul 18, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Second Quarter 2017 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., July 18, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release second quarter 2017 financial results after the close of trading on the NYSE on Monday, July 31, 2017. Members of the Universal management team will host a conference call the next day, Tuesday, August 1, 2017, at 10:00 AM ET to discuss second quarter financial results. Following prepared remarks, management will conduct a question and answer session....
Jun 20, 2017 09:30 am ET
Universal Insurance Holdings, Inc. Insurance Subsidiary UPCIC Receives Approval of Rates and Forms in New York
FORT LAUDERDALE, Fla., June 20, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced that the New York State Department of Financial Services has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company ("UPCIC"). UPCIC anticipates that it will begin writing policies in New York later this year....
Jun 01, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2017-2018 Reinsurance Programs
FORT LAUDERDALE, Fla., June 1, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced the completion by Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's wholly-owned insurance company subsidiaries, of their 2017-2018 reinsurance programs, effective June 1, 2017. The largest private participants in the insurance subsidiaries' reinsurance programs include Nephila Capital (via Allianz Risk Transfer), Everest Re, RenaissanceRe, Chubb Tempest Re and Lloyd's of London s...
Apr 27, 2017 10:25 am ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy And Launches Universal Direct In New Jersey
FORT LAUDERDALE, Fla., April 27, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the New Jersey Department of Insurance has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners policy in New Jersey....
Apr 25, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Reports First Quarter 2017 Financial Results
FORT LAUDERDALE, Fla., April 25, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $31.2 million and $0.86, respectively for the first quarter of 2017. ...
Apr 13, 2017 03:00 pm ET
Universal Insurance Holdings, Inc. Announces First Quarter 2017 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., April 13, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release first quarter 2017 financial results after the close of trading on the NYSE on Tuesday, April 25, 2017. Members of the Universal management team will host a conference call the next day, Wednesday, April 26, 2017, at 10:00 AM ET to discuss first quarter financial results. Following prepared remarks, management will conduct a question and answer session....
Apr 12, 2017 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend of $0.14 Per Share
FORT LAUDERDALE, Fla., April 12, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has declared a cash dividend of $0.14 per share of common stock to be paid on July 3, 2017 to shareholders of record on June 14, 2017. If declared and paid as intended, the annual aggregate dividend in 2017 will be $0.56 for each common share.  ...
Mar 31, 2017 10:00 am ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Receives Certificate of Authority From Iowa
FORT LAUDERDALE, Fla., March 31, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the Iowa Insurance Division issued a Certificate of Authority to Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of Universal Insurance Holdings, Inc., approving UPCIC as a licensed insurance entity in Iowa. ...
Feb 21, 2017 04:30 pm ET
Universal Insurance Holdings, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results
FORT LAUDERDALE, Fla., Feb. 21, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income and diluted earnings per share (EPS) of $13.7 million and $0.38, respectively for the fourth quarter of 2016. For the full year 2016, net income was $99.4 million while diluted EPS was $2.79.  ...
Feb 10, 2017 03:00 pm ET
Universal Insurance Holdings, Inc. Announces Fourth Quarter 2016 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., Feb. 10, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release fourth quarter 2016 financial results after the close of trading on the NYSE on Tuesday, February 21, 2017. Members of the Universal management team will host a conference call the next day, Wednesday, February 22, 2017, at 10:00 AM ET to discuss fourth quarter financial results.  Following prepared remarks, management will conduct a question and answer session....
Feb 09, 2017 04:35 pm ET
Universal Insurance Holdings, Inc. Adds Dean Evans As Vice President, Investor Relations
FORT LAUDERDALE, Fla., Feb. 9, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Dean Evans has joined the company as Vice President of Investor Relations. An experienced investor relations professional with broad insurance industry expertise, Mr. Evans previously served as Vice President and Director of Investor Relations at National General Holdings Corp., a New York based personal lines insurance company, and prior to that as Senior Vice President and Senior Equity Research Analyst at Keefe, Bruyette & Woods, where he covered small and mid-cap Pr...
Jan 24, 2017 04:15 pm ET
Universal Insurance Holdings, Inc. Appoints Kimberly Cooper to Board of Directors
FORT LAUDERDALE, Fla., Jan. 24, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today the addition of Kimberly Cooper, the Company's Chief Information Officer and Chief Administrative Officer, to its Board of Directors, effective January 19, 2017. The appointment expands the Board of Directors to ten directors, seven of whom are independent.   Ms. Cooper will be included in the Company's proxy statement for election at its 2017 Annual Meeting of Shareholders....
Jan 23, 2017 04:15 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend of $0.14 Per Share
FORT LAUDERDALE, Fla., Jan. 23, 2017 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.14 per share of common stock to be paid on March 2, 2017 to shareholders of record on February 17, 2017. If declared and paid as intended, the annual aggregate dividend in 2017 will be $0.56 for each common share....
Nov 16, 2016 04:15 pm ET
Universal Insurance Holdings, Inc. Launches Universal Direct(SM) in Massachusetts and Maryland
FORT LAUDERDALE, Fla., Nov. 16, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal DirectSM (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, is now available to homeowners in Massachusetts and  Maryland.  The Company further announced that it has already written its first homeowners insurance policies through the Universal DirectSM platform in both states....
Nov 15, 2016 04:15 pm ET
Universal Insurance Holdings Inc. Declares Cash Dividend of $0.27 Per Share
FORT LAUDERDALE, Fla., Nov. 15, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced that its Board of Directors declared a cash dividend of $0.27 per share of common stock to be paid on December 12, 2016 to the shareholders of record as of December 1, 2016. The $0.27 per share dividend includes the expected $0.14 per share fourth quarter dividend, consistent with the dividends paid for each of the first three quarters of 2016, and an additional special dividend of $0.13 per share. With the total fourth quarter dividend, the Company's cash dividends in 2016 wil...
Nov 02, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Reports Third Quarter 2016 Financial Results
FORT LAUDERDALE, Fla., Nov. 2, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported third quarter net income of $26.9 million, a decrease of 11.3%, or $3.4 million, from the same quarter in 2015.  Diluted earnings per share (EPS) were $0.75 for the third quarter of 2016, a decrease of 10.7%, or $0.09 per share, from the same quarter in 2015....
Oct 27, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy And Launches Universal Direct In Virginia
FORT LAUDERDALE, Fla., Oct. 27, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the Virginia State Corporation Commission has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company ("UPCIC"), and that UPCIC has subsequently written its first homeowners policy in Virginia.    ...
Oct 18, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Third Quarter 2016 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., Oct. 18, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release its third quarter 2016 financial results after the close of trading on the NYSE on Wednesday, November 2, 2016....
Oct 10, 2016 10:31 am ET
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CHICAGO, Oct. 10, 2016 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GPS, MSFT, SWHC, TWLO, and UVE....
Oct 06, 2016 03:00 pm ET
Universal Insurance Holdings, Inc. Highlights Strength Of Reinsurance Program
FORT LAUDERDALE, Fla., Oct. 6, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) (the "Company") today noted that on May 31, 2016, Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's wholly-owned insurance company subsidiaries, completed the placement of the Company's 2016-2017 reinsurance programs, effective June 1, 2016. ...
Sep 26, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Florida, Hawaii And North Carolina
FORT LAUDERDALE, Fla., Sept. 26, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal DirectSM (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, is now available to homeowners in Florida, Hawaii and North Carolina. With these additions, Universal DirectSM is now available in ten states, including Delaware, Georgia, Indiana, South Carolina, Pennsylvania, Minnesota and Alabama. ...
Sep 08, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Launches Universal Direct(SM) In Delaware And Georgia
FORT LAUDERDALE, Fla., Sept. 8, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal DirectSM (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, is now available to homeowners in Delaware and Georgia. With the addition of Delaware and Georgia, Universal DirectSM is now available in seven states, including Indiana, South Carolina, Pennsylvania, Minnesota and Alabama. Independent appointed agents operating in Delaware and Georgia have the opportunity to recei...
Aug 31, 2016 05:40 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend of $0.14 Per Share
FORT LAUDERDALE, Fla., Aug. 31, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.14 per share of common stock to be paid on October 24, 2016 to shareholders of record on September 12, 2016. If declared and paid as intended, the annual aggregate dividend in 2016 will be $0.56 for each common share....
Aug 03, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary American Platinum Property and Casualty Insurance Company To Launch Commercial Residential Program
FORT LAUDERDALE, Fla., Aug. 3, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Company (APPCIC), received authorization from the Florida Office of Insurance Regulation to amend its Certificate of Authority to add Fire, Commercial Multi-Peril, and Other Liability (collectively "Commercial Residential") lines of business in Florida. APPCIC is in the process of submitting applicable rates and forms to the Florida regulators and expects to offer Commercial Residential policies ...
Jul 28, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Reports Record Financial Results for the Second Quarter of 2016
FORT LAUDERDALE, Fla., July 28, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported record quarterly net income of $33.6 million, an increase of 36.2%, or $8.9 million, over the same quarter in 2015.  Diluted earnings per share (EPS) were $0.94 for the second quarter of 2016, an increase of 36.2%, or $0.25 per share, over the same quarter in 2015.  ...
Jul 27, 2016 05:15 pm ET
Universal Insurance Holdings Launches Universal Direct® in Indiana and South Carolina
FORT LAUDERDALE, Fla., July 27, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal Direct® (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, is now available to homeowners in Indiana and South Carolina. With the addition of Indiana and South Carolina, Universal Direct® is now available in five states, including Pennsylvania, Minnesota and Alabama.  Independent appointed agents operating in Indiana and South Carolina have the opportunity to receive c...
Jul 20, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Second Quarter 2016 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., July 20, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release its second quarter 2016 financial results after the close of trading on the NYSE on Thursday, July 28, 2016....
Jun 28, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy and Launches Universal Direct in Alabama
FORT LAUDERDALE, Fla., June 28, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) ("Universal Insurance" or the "Company") announced today that the State of Alabama Department of Insurance has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners insurance policy in Alabama.  The Company also announced the official launch of Universal Direct®, Universal Insurance's Direct-to-Consumer online platform for UPCIC products, in Alab...
Jun 16, 2016 05:15 pm ET
Universal Insurance Holdings Launches Universal Direct® in Minnesota and Writes First Policy
FORT LAUDERDALE, Fla., June 16, 2016 /PRNewswire/ --Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal Direct® (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, has written its first homeowners insurance policy in Minnesota.  With the addition of Minnesota, Universal Direct® is now available to customers in two states, including Pennsylvania, with the intention to add additional states in the coming months. Independent appointed agents operating in Minnesota and Pennsylvania...
Jun 13, 2016 05:15 pm ET
Universal Insurance Holdings Inc., Announces Completion of Previously Announced $10 Million Share Repurchase Program and Authorization of New $20 Million Share Repurchase Program
FORT LAUDERDALE, Fla., June 13, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors authorized a share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through December 31, 2017.  The Company may repurchase shares from time to time at its discretion, based on ongoing assessments of the capital needs of the Company, the market price of its common stock and general market conditions.  The Company will fund the share repurchase program with cash from operations....
Jun 02, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2016-2017 Reinsurance Programs
FORT LAUDERDALE, Fla., June 2, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced the completion by Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's wholly-owned insurance company subsidiaries, of their 2016-2017 reinsurance programs, effective June 1, 2016. The largest private participants in the insurance subsidiaries' reinsurance programs include Nephila Capital, Everest Re, Renaissance Re, Chubb Tempest Re and Lloyd's of London syndicates....
May 02, 2016 05:16 pm ET
Universal Insurance Holdings, Inc. Reports Record First Quarter 2016 Financial Results
FORT LAUDERDALE, Fla., May 2, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported record first quarter net income of $25.2 million, an increase of 13.0%, or $2.9 million, over the same quarter in 2015.  Diluted earnings per share (EPS) were $0.71 for the first quarter of 2016, an increase of 14.5%, or $0.09 per share, over the same quarter in 2015.  ...
Apr 28, 2016 06:44 pm ET
Universal Insurance Holdings, Inc. Announces Sale of $10 Million of Common Stock to RenaissanceRe
FORT LAUDERDALE, Fla., April 28, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced that it has 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.  ...
Apr 20, 2016 05:26 pm ET
Universal Insurance Holdings, Inc. Announces First Quarter 2016 Earnings Release and Conference Call Date
FORT LAUDERDALE, Fla., April 20, 2016 /PRNewswire/ --Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release its first quarter 2016 financial results after the close of trading on the NYSE on Monday, May 2, 2016.  ...
Apr 13, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Quarterly Dividend Of $0.14 Per Share
FORT LAUDERDALE, Fla., April 13, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors declared a cash dividend of $0.14 per share of common stock to be paid on July 5, 2016 to shareholders of record on June 15, 2016. If declared and paid as intended, the annual aggregate dividend in 2016 will be $0.56 for each common share....
Apr 05, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. to Launch Direct-to-Consumer Online Platform for Homeowners Insurance
FORT LAUDERDALE, Fla., April 5, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) ("Universal") announced today the beta launch of Universal Direct®, a Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company (UPCIC) products. The Company believes that Universal Direct® is the first and only direct-to-consumer offering for homeowners insurance products that will enable homeowners to directly purchase, pay for and bind policies online without the need to interface with any intermediaries.  The site will launch this month and will be availabl...
Mar 31, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Writes First Homeowners Insurance Policy in Michigan
FORT LAUDERDALE, Fla., March 31, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the Michigan Department of Insurance and Financial Services has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company ("UPCIC"), and that UPCIC has subsequently written its first homeowners insurance policy in Michigan....
Mar 23, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Receives Certificate of Authority from New York
FORT LAUDERDALE, Fla., March 23, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the New York State Department of Financial Services issued a Certificate of Authority to Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of Universal Insurance Holdings, Inc., approving UPCIC as a licensed insurance entity in New York....
Mar 16, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Subsidiary UPCIC Receives Certificate Of Authority From New Jersey
FORT LAUDERDALE, Fla., March 16, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the New Jersey Department of Banking & Insurance issued a Certificate of Authority to Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of Universal Insurance Holdings, Inc., approving UPCIC as a licensed insurance entity in New Jersey....
Mar 15, 2016 05:15 pm ET
Universal Insurance Holdings, Inc. Announces Executive Promotions
FORT LAUDERDALE, Fla., March 15, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced executive leadership promotions to leverage the strength of its senior executive team, reflecting the Company's significant growth in recent years as it has developed from a regional insurer focused on the Florida market to a growing national property and casualty insurance provider with a presence in 16 states.  In addition, the promotions help position Universal Insurance to continue to capitalize on the significant growth opportunities in the national homeowners insurance m...
Feb 24, 2016 04:47 pm ET
Universal Insurance Holdings, Inc. Reports Record Fourth Quarter and Full-Year 2015 Financial Results
FORT LAUDERDALE, Fla., Feb. 24, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today reported record fourth quarter net income in 2015 of $29.2 million, an increase of 39.0%, or $8.2 million, over the same period in 2014.  Diluted earnings per share (EPS) were $0.82 for the fourth quarter of 2015, an increase of 39.0%, or $0.23 per share, over the same quarter in 2014.  This compares to net income of $21.0 million, or $0.59 per diluted share, for the same period in 2014....
Feb 19, 2016 04:15 pm ET
Universal Insurance Holdings, Inc. Announces Fourth Quarter and Full-Year 2015 Earnings Release Date
FORT LAUDERDALE, Fla., Feb. 19, 2016 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will release its fourth quarter and full-year 2015 financial results after the close of trading on the NYSE on Wednesday, February 24, 2016. ...