Universal Insurance Holdings Inc
NYSE:UVE
Income Statement
Income Statement
Universal Insurance Holdings Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
303
|
308
|
333
|
361
|
391
|
431
|
484
|
540
|
600
|
645
|
659
|
674
|
684
|
697
|
713
|
736
|
758
|
783
|
798
|
818
|
846
|
865
|
884
|
898
|
913
|
931
|
961
|
989
|
1 013
|
1 045
|
1 077
|
1 108
|
1 135
|
1 156
|
1 183
|
1 210
|
1 229
|
1 258
|
1 296
|
1 332
|
1 378
|
|
Revenue |
308
N/A
|
317
+3%
|
342
+8%
|
369
+8%
|
399
+8%
|
435
+9%
|
489
+12%
|
547
+12%
|
607
+11%
|
653
+8%
|
669
+2%
|
685
+2%
|
696
+2%
|
711
+2%
|
729
+3%
|
752
+3%
|
769
+2%
|
793
+3%
|
809
+2%
|
824
+2%
|
869
+5%
|
893
+3%
|
916
+3%
|
939
+3%
|
938
0%
|
957
+2%
|
1 039
+9%
|
1 073
+3%
|
1 100
+3%
|
1 127
+2%
|
1 102
-2%
|
1 122
+2%
|
1 147
+2%
|
1 160
+1%
|
1 185
+2%
|
1 223
+3%
|
1 252
+2%
|
1 299
+4%
|
1 347
+4%
|
1 392
+3%
|
1 443
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(204)
|
(213)
|
(226)
|
(242)
|
(256)
|
(282)
|
(325)
|
(372)
|
(429)
|
(462)
|
(481)
|
(522)
|
(527)
|
(549)
|
(595)
|
(581)
|
(594)
|
(605)
|
(586)
|
(671)
|
(714)
|
(748)
|
(795)
|
(876)
|
(901)
|
(943)
|
(1 057)
|
(1 048)
|
(1 067)
|
(1 091)
|
(1 036)
|
(1 093)
|
(1 130)
|
(1 160)
|
(1 304)
|
(1 243)
|
(1 262)
|
(1 283)
|
(1 245)
|
(1 297)
|
(1 333)
|
|
Selling, General & Administrative |
(95)
|
(101)
|
(109)
|
(118)
|
(126)
|
(140)
|
(163)
|
(184)
|
(209)
|
(221)
|
(220)
|
(221)
|
(221)
|
(223)
|
(226)
|
(231)
|
(238)
|
(239)
|
(251)
|
(257)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Benefits Claims Loss Adjustment |
(109)
|
(111)
|
(117)
|
(123)
|
(130)
|
(142)
|
(162)
|
(188)
|
(220)
|
(241)
|
(260)
|
(301)
|
(306)
|
(326)
|
(369)
|
(350)
|
(356)
|
(365)
|
(335)
|
(415)
|
(452)
|
(475)
|
(522)
|
(603)
|
(625)
|
(663)
|
(769)
|
(759)
|
(768)
|
(784)
|
(733)
|
(779)
|
(820)
|
(853)
|
(996)
|
(938)
|
(959)
|
(983)
|
(940)
|
(993)
|
(1 027)
|
|
Policy Acquisition Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(44)
|
(88)
|
(133)
|
(178)
|
(181)
|
(185)
|
(192)
|
(199)
|
(209)
|
(217)
|
(223)
|
(226)
|
(225)
|
(222)
|
(219)
|
(214)
|
(211)
|
(209)
|
(208)
|
(208)
|
(211)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(219)
|
(186)
|
(140)
|
(95)
|
(94)
|
(95)
|
(96)
|
(91)
|
(91)
|
(91)
|
(81)
|
(87)
|
(85)
|
(85)
|
(88)
|
(91)
|
(91)
|
(91)
|
(97)
|
(96)
|
(96)
|
|
Operating Income |
104
N/A
|
105
+1%
|
117
+12%
|
128
+9%
|
143
+12%
|
153
+8%
|
164
+7%
|
175
+7%
|
178
+2%
|
192
+8%
|
188
-2%
|
163
-13%
|
169
+4%
|
162
-4%
|
135
-17%
|
171
+27%
|
175
+3%
|
188
+8%
|
223
+18%
|
153
-31%
|
155
+1%
|
145
-7%
|
121
-16%
|
64
-47%
|
37
-41%
|
14
-63%
|
(18)
N/A
|
24
N/A
|
33
+36%
|
36
+8%
|
66
+85%
|
29
-56%
|
17
-42%
|
(1)
N/A
|
(119)
-13 122%
|
(21)
+83%
|
(10)
+50%
|
16
N/A
|
102
+523%
|
95
-7%
|
109
+15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
(2)
|
(4)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(7)
|
(6)
|
|
Pre-Tax Income |
104
N/A
|
105
+1%
|
117
+12%
|
128
+9%
|
143
+12%
|
153
+8%
|
164
+7%
|
175
+7%
|
178
+2%
|
192
+8%
|
188
-2%
|
163
-13%
|
169
+4%
|
162
-4%
|
135
-17%
|
171
+27%
|
175
+3%
|
188
+8%
|
223
+18%
|
153
-31%
|
155
+1%
|
145
-7%
|
121
-16%
|
64
-48%
|
37
-41%
|
14
-63%
|
(18)
N/A
|
24
N/A
|
33
+36%
|
36
+8%
|
66
+85%
|
28
-57%
|
15
-49%
|
(5)
N/A
|
(125)
-2 494%
|
(27)
+78%
|
(17)
+38%
|
10
N/A
|
95
+862%
|
88
-7%
|
103
+17%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(43)
|
(44)
|
(49)
|
(55)
|
(61)
|
(64)
|
(66)
|
(69)
|
(69)
|
(73)
|
(73)
|
(64)
|
(64)
|
(61)
|
(50)
|
(58)
|
(53)
|
(50)
|
(57)
|
(36)
|
(38)
|
(36)
|
(30)
|
(17)
|
(11)
|
(5)
|
4
|
(5)
|
(8)
|
(8)
|
(15)
|
(8)
|
(3)
|
2
|
29
|
5
|
1
|
(4)
|
(23)
|
(22)
|
(27)
|
|
Income from Continuing Operations |
61
|
61
|
68
|
73
|
82
|
89
|
98
|
107
|
109
|
118
|
115
|
99
|
105
|
101
|
84
|
113
|
122
|
139
|
166
|
117
|
117
|
108
|
91
|
47
|
26
|
9
|
(14)
|
19
|
25
|
27
|
51
|
20
|
12
|
(3)
|
(96)
|
(22)
|
(16)
|
6
|
72
|
67
|
76
|
|
Net Income (Common) |
61
N/A
|
61
+0%
|
68
+11%
|
73
+8%
|
82
+12%
|
89
+9%
|
98
+10%
|
107
+8%
|
109
+3%
|
118
+8%
|
115
-3%
|
99
-13%
|
105
+6%
|
101
-4%
|
84
-17%
|
107
+27%
|
116
+8%
|
133
+14%
|
160
+21%
|
117
-27%
|
117
+0%
|
108
-8%
|
91
-16%
|
47
-49%
|
26
-43%
|
9
-66%
|
(14)
N/A
|
19
N/A
|
25
+33%
|
27
+8%
|
51
+85%
|
20
-60%
|
12
-44%
|
(3)
N/A
|
(96)
-3 083%
|
(22)
+77%
|
(16)
+30%
|
6
N/A
|
72
+1 186%
|
67
-7%
|
76
+14%
|
|
EPS (Diluted) |
1.69
N/A
|
1.72
+2%
|
1.93
+12%
|
2.08
+8%
|
2.26
+9%
|
2.48
+10%
|
2.74
+10%
|
2.97
+8%
|
3.07
+3%
|
3.32
+8%
|
3.21
-3%
|
2.79
-13%
|
2.93
+5%
|
2.81
-4%
|
2.36
-16%
|
2.98
+26%
|
3.24
+9%
|
3.72
+15%
|
4.45
+20%
|
3.27
-27%
|
3.32
+2%
|
3.13
-6%
|
2.68
-14%
|
1.36
-49%
|
0.8
-41%
|
0.27
-66%
|
-0.45
N/A
|
0.6
N/A
|
0.81
+35%
|
0.87
+7%
|
1.61
+85%
|
0.65
-60%
|
0.36
-45%
|
-0.1
N/A
|
-3.12
-3 020%
|
-0.72
+77%
|
-0.5
+31%
|
0.19
N/A
|
2.43
+1 179%
|
2.22
-9%
|
2.59
+17%
|