Universal Insurance (UVE) investor relations material

Executive summary

• Achieved strong financial performance in FY2025 and Q2 2026, with diluted GAAP EPS of $2.04 and adjusted EPS of $1.84 for Q2 2026, and annualized ROCE of 38.8% and adjusted ROCE of 33.2%.

• Direct premiums written grew 4.1% year-over-year in Q2 2026 and 6.0% for the first half of 2026, with growth in both Florida and other states.

• Net income rose to $59.2 million in Q2 2026 from $35.1 million in Q2 2025, and to $113.5 million for the first half of 2026 from $76.5 million in 2025.

• Policies in force increased 7.1% year-over-year to 934,371, reflecting expansion across 19 states and a leading market position in Florida.

• Book value per share increased 39.7% year-over-year to $22.89 at June 30, 2026.

Financial highlights

• Q2 2026 net income: $59.2 million (up 68.7% YoY); diluted EPS: $2.04; adjusted EPS: $1.84.

• Combined ratio improved to 91.6% in Q2 2026 from 97.8% in Q2 2025; 90.7% for H1 2026 vs. 96.4% in H1 2025.

• Net investment income increased 17.1% YoY in Q2 to $20.2 million.

• Operating income increased 70.0% year-over-year to $81.6 million; margin rose to 19.1%.

• Book value per share rose 16.4% to $22.89 at June 30, 2026.

Outlook and guidance

• Legislative reforms in Florida and favorable claims trends are expected to continue benefiting loss ratios and margins.

• Lower reinsurance costs and improved reinsurance rates are expected to support future profitability.

• Management remains focused on disciplined growth, geographic diversification, and maintaining strong capital and liquidity.