July 27, 2018 - Universal Insurance Holdings, Inc. (NYSE:UVE) has filed a financial statement reporting Assets of $1,711,277,000 USD. Previously, on April 27, 2018, Universal Insurance Holdings, Inc. reported Assets of $1,295,707,000 USD. This represents a change of 32.07% in Assets.
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Growth was off the charts: Revenue increased over 13% and EPS growth nearly reached 60%. Book value compounded at ~20%. Return on Equity nearly reached 40%.
UVE enjoys a lengthy growth runway and displayed the strength of its reinsurance program in the aftermath of hurricane Irma.
The S&P 500 Index edged higher last week after investors reacted positively to another strong report on the U.S. labor market. With corporate profits heading higher, several companies rewarded shareholders with news of fresh dividend raises. (12-0)
The mid-year reinsurance renewal at June 1st is expected to yield pricing that is lower than last year for Florida-headquartered primary insurance company Universal Insurance Holdings (NYSEMKT:UVE), which expects to be able to keep its retention static, while buying more coverage at comparable or lower rates. (9-0)
* UNIVERSAL INSURANCE HOLDINGS INC - CEO SEAN DOWNES'S FY 2017 TOTAL COMPENSATION WAS $19.3 MILLION VERSUS $16.3 MILLION IN FY 2016 - SEC FILING Source text for Eikon: (bit.ly/2KkM5RB) Further company coverage: (9-1)