Universal Insurance (UVE) investor relations material

Executive summary

• Achieved a 33.2% annualized adjusted return on common equity, driven by strong underwriting and revenue performance.

• Delivered diluted GAAP EPS of $2.04 and adjusted EPS of $1.84 for Q2 2026.

• Net loss ratio improved by 7.5 points year-over-year due to favorable claims and litigation trends.

• Direct premiums written grew 4.1% year-over-year to $621.3 million, with growth in both Florida and other states.

• Book value per share increased 39.7% year-over-year to $22.89; adjusted book value per share rose 35.4% to $24.17.

Financial highlights

• Adjusted diluted EPS was $1.84, up from $1.23 in the prior year quarter.

• Core revenue reached $419.4 million, a 4.6% year-over-year increase.

• Total revenues for Q2 2026 were $427.0 million, up 6.7% from the prior year quarter.

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

• Net income available to common stockholders was $59.2 million, up 68.6% year-over-year.

Outlook and guidance

• Favorable claims and litigation trends expected to benefit non-catastrophe margins throughout the year.

• Legislative reforms in Florida have stabilized the homeowners insurance market, supporting future profitability.

• Positioned for sustained profitable growth due to stabilized market, improved reinsurance rates, and a robust new business pipeline.