Universal Insurance (UVE) Q3 2026 earnings summary

Executive summary

• Q3 diluted GAAP EPS was $1.80 and adjusted diluted EPS was $1.93; annualized ROCE was 32.7% and adjusted ROCE was 32.3%.

• Direct premiums written rose 2.7% YoY to $608.9M; policies in force increased 7.9% to 953,611.

Financial highlights

• Q3 revenue was $439.3M, up 9.6% YoY; core revenue was $444.3M, up 11.1%.

• Q3 net income available to common stockholders was $52.5M, up 31.8%; adjusted net income was $56.3M, versus $39.1M.

• Q3 operating income was $72.2M, up 32.8%; adjusted operating income was $77.2M, up 44.5%.

• 9M revenue was $1.260B, up 5.3%; operating income was $227.1M, up 42.5%, and net income available to common stockholders was $166.0M, up 42.7%.

• 9M diluted GAAP EPS was $5.73 versus $4.03; adjusted diluted EPS was $5.78 versus $4.02.

Segment performance

• Florida direct premiums written fell 3.3% YoY to $414.4M; other-state direct premiums written rose 18.5% to $194.5M.

• Policies in force grew 7.9% YoY to 953,611, including 598,104 in Florida and 355,507 in other states.

• Premiums in force increased 4.4% YoY to $2.229B; other-state premiums in force rose to $661.3M from $563.0M.