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UNIVERSAL INSURANCE HLDG, INC. - UVE STOCK NEWS

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Universal Insurance Holdings, Inc. (symbol: UVE) is a leading private personal residential homeowner insurance provider, headquartered at 1110 W Commercial Blvd, Fort Lauderdale, Florida, United States. The company specializes in developing, marketing, and underwriting insurance products primarily for personal residential homeowners.

Core Business
Universal Insurance Holdings operates predominantly in the personal residential homeowners' lines of business. It offers a range of insurance products, including coverage for homeowners, renters/tenants, condo unit owners, and other related areas. The company generates revenue primarily through the collection of insurance premiums.

Operations and Services
The company carries out various insurance-related services for its primary insurance subsidiaries: Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC). These services include risk management, claims management, and distribution, ensuring comprehensive support and coverage for their policyholders.

Geographical Reach
While headquartered in Florida, Universal Insurance Holdings extends its operations across the United States, providing reliable insurance solutions to a broad customer base.

Recent Achievements and Financial Condition
Universal Insurance Holdings has continuously evolved to meet the dynamic needs of its clients, showcasing resilience in its financial performance. The latest news and updates provide valuable insights into the company’s milestones and ongoing projects, reflecting its commitment to excellence in the insurance sector.

Partnerships and Innovation
With strategic partnerships and a focus on innovation, Universal Insurance Holdings remains at the forefront of the insurance industry. The company’s dedication to enhancing its product offerings ensures that customers receive tailored and effective insurance solutions.

Rhea-AI Summary
Universal Insurance Holdings, Inc. (NYSE: UVE) declares a quarterly cash dividend of 16 cents per share of common stock, payable on March 15, 2024, to shareholders of record as of March 8, 2024. The company will release its fourth-quarter 2023 results on February 22, 2024, and host a conference call on February 23, 2024, to discuss financial results.
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NormanMax Insurance Holdings, Inc. (NYSE:NMIH) has received approval in principle from Lloyd’s to launch a syndicate in 2024, managed by Apollo Syndicate Management Ltd. The syndicate, NormanMax Syndicate 3939, aims to commence underwriting in April 2024, focusing on natural catastrophe parametric (re)insurance products. NormanMax plans to utilize 21st-century data and technology to create parametric solutions for global clients underserved by traditional (re)insurance products. The company aims to address increased climate risk and volatility, with GC Securities acting as financial advisor. NormanMax is led by CEO Bradley Meier, a former Founder, Chairman, and CEO of Universal Insurance Holdings (NYSE:UVE) and Universal Property and Casualty Insurance Company, as well as Co-Founder of parametric underwriting specialist New Paradigm Group. The company's management team has extensive experience in successfully underwriting catastrophe risk in challenging climate-affected areas. Apollo provides Lloyd’s managing agency services and forms long-term partnerships to deliver successful businesses at Lloyd’s. NormanMax aims to distribute its products globally, including in underserved markets, with the financial security of the Lloyd’s Market.
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Universal Insurance Holdings, Inc. (NYSE: UVE) announced a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share, totaling 29 cents per share. Shareholders of record as of December 8, 2023, will receive the dividends on December 15, 2023. The total dividends declared in 2023 amount to 77 cents per share of common stock.
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Universal Insurance Holdings reports Q3 2023 results with a loss per common share of $0.20 and direct premiums written up 6.3% from prior year quarter. Book value per share increased 21.0% year-over-year. The company repurchased 894 thousand shares for $12.3 million. Total capital returned to shareholders of $17.2 million.
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Universal Insurance Holdings, Inc. to report Q3 2023 results and host conference call.
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Universal Insurance Holdings, Inc. announces new share repurchase program of up to $20 million through 2025.
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FAQ

What is the current stock price of UNIVERSAL INSURANCE HLDG (UVE)?

The current stock price of UNIVERSAL INSURANCE HLDG (UVE) is $20.64 as of December 20, 2024.

What is the market cap of UNIVERSAL INSURANCE HLDG (UVE)?

The market cap of UNIVERSAL INSURANCE HLDG (UVE) is approximately 579.3M.

What is Universal Insurance Holdings, Inc. (UVE)?

Universal Insurance Holdings, Inc. is a private personal residential homeowner insurance company based in Fort Lauderdale, Florida.

What types of insurance products does Universal Insurance Holdings offer?

The company offers insurance products for homeowners, renters/tenants, condo unit owners, and other related coverages.

How does Universal Insurance Holdings generate revenue?

The company generates revenue primarily through the collection of insurance premiums.

What services does Universal Insurance Holdings provide?

The company provides risk management, claims management, and distribution services for its primary insurance entities.

Where is Universal Insurance Holdings located?

The company is headquartered at 1110 W Commercial Blvd, Fort Lauderdale, Florida, United States.

Which subsidiaries operate under Universal Insurance Holdings?

The primary insurance subsidiaries are Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC).

In which geographical areas does Universal Insurance Holdings operate?

While headquartered in Florida, the company operates across the United States.

What recent achievements has Universal Insurance Holdings made?

The company has shown resilience in its financial performance and continues to evolve to meet client needs, evidenced by its latest news and updates.

How does Universal Insurance Holdings ensure customer satisfaction?

The company focuses on enhancing its product offerings and forming strategic partnerships to provide tailored and effective insurance solutions.

What is the ticker symbol for Universal Insurance Holdings, Inc.?

The ticker symbol for Universal Insurance Holdings, Inc. is UVE.

UNIVERSAL INSURANCE HLDG, INC.

NYSE:UVE

UVE Rankings

UVE Stock Data

579.30M
25.58M
9.56%
70.27%
1.11%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
FORT LAUDERDALE