Universal Insurance Holdings (UVE) reported third‑quarter 2025 results on October 24, 2025, posting net income of $39.8 million and adjusted net income of $39.1 million. Diluted earnings per share were $1.38, with an adjusted EPS of $1.36, and total revenue reached $400.981 million, up 3.5% from the same quarter last year. The company’s adjusted return on common equity climbed to 30.6%, reflecting robust profitability in a recovering Florida market.
Underwriting performance was solid, with direct premiums written of $592.8 million and net premiums earned of $359.7 million. The combined ratio improved to 96.4%, driven by a 21.5‑point drop in the loss ratio to 70.2% and a modest 1.0‑point rise in the expense ratio to 26.2%. Ceded premium ratio increased to 32.7%, reflecting additional reinsurance coverage purchased during the quarter.
Investment and commission revenue supported earnings growth, with net investment income of $18.3 million and commissions, policy fees and other revenue of $22.0 million, up 8.7% from the prior year quarter. Core revenue rose 4.9% to $400.030 million, driven by higher net premiums earned, investment income and commission revenue. The company’s operating income margin was 13.6%, a significant improvement over the prior year quarter’s operating loss margin.
Capital deployment continued with a share repurchase of approximately 347,000 shares at an aggregate cost of $8.1 million, leaving $7.1 million remaining under the current authorization. The board declared a quarterly cash dividend of 16 cents per share, payable on August 8, 2025, to shareholders of record as of August 1, 2025. These actions underscore UVE’s commitment to returning value to shareholders while maintaining a strong capital position.
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