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Universal Insurance Holdings

OverviewSuggest Edit

Universal Insurance Holdings provides various property and casualty insurance products in the United States. The Company primarily underwrites homeowners' insurance products and offers reinsurance intermediary services. It offers its products through a network of independent agents. Universal Insurance Holdings also operates Universal Direct, a direct-to-consumer online platform, which enables homeowners to directly purchase, pay for, and bind homeowners' policies.
TypePublic
Founded1990
HQFort Lauderdale, FL, USMap
Websiteuniversalinsuranceholdings.com

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Latest Updates

Employees (est.) (Feb 2020)805(+10%)
Revenue (FY, 2019)$939.4 M(+15%)
Share Price (Jan 2021)$15.4 (-1%)
Cybersecurity ratingBMore

Key People/Management at Universal Insurance Holdings

Sean P. Downes

Sean P. Downes

Executive Chairman
Jon W. Springer

Jon W. Springer

President and Chief Risk Officer
Kimberly D. Campos

Kimberly D. Campos

Chief Information Officer and Chief Administration Officer
Scott P. Callahan

Scott P. Callahan

Director
Ralph J. Palmieri

Ralph J. Palmieri

Director
Richard D. Peterson

Richard D. Peterson

Director
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Universal Insurance Holdings Office Locations

Universal Insurance Holdings has offices in Fort Lauderdale and New York
Fort Lauderdale, FL, US (HQ)
1110 W Commercial Blvd #100
New York, NY, US
1013, 17 Battery Pl
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Universal Insurance Holdings Financials and Metrics

Universal Insurance Holdings Revenue

Universal Insurance Holdings's revenue was reported to be $939.35 m in FY, 2019
USD

Revenue (Q3, 2020)

311.7m

Gross profit (Q3, 2020)

73.2m

Gross profit margin (Q3, 2020), %

23.5%

Net income (Q3, 2020)

(3.2m)

Market capitalization (15-Jan-2021)

482.9m

Closing stock price (15-Jan-2021)

15.4

Cash (30-Sept-2020)

405.1m
Universal Insurance Holdings's current market capitalization is $482.9 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

239.9m225.9m269.9m301.2m369.3m546.5m685.3m751.9m823.8m939.4m

Revenue growth, %

(6%)20%12%23%48%25%

Cost of goods sold

124.3m126.2m108.6m123.3m187.7m301.2m350.4m414.5m603.4m

Gross profit

101.6m143.8m192.5m246.0m358.8m384.1m401.5m409.4m335.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

53.7m49.4m60.2m74.5m67.5m77.8m78.4m74.3m87.0m103.5m103.8m123.6m157.0m164.4m169.8m172.4m174.9m185.5m190.2m191.5m209.8m206.2m236.6m233.7m229.6m235.3m252.7m311.7m

Cost of goods sold

25.9m29.3m26.2m36.3m26.5m25.2m28.3m26.8m27.7m34.2m33.6m39.7m53.9m66.1m60.1m73.5m70.6m80.2m116.4m75.9m89.8m85.9m113.1m113.3m132.6m135.0m151.3m238.5m

Gross profit

27.8m20.1m34.1m38.2m41.0m52.6m50.0m47.5m59.3m69.3m70.2m83.9m103.2m98.3m109.7m98.9m104.3m105.3m73.9m115.6m119.9m120.2m123.5m120.4m97.1m100.2m101.4m73.2m

Gross profit Margin, %

52%41%57%51%61%68%64%64%68%67%68%68%66%60%65%57%60%57%39%60%57%58%52%52%42%43%40%23%
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Annual
USDY, 2009Y, 2010Y, 2011FY, 2011FY, 2012Y, 2012FY, 2013Y, 2013Y, 2014FY, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

173.8m133.6m229.7m229.7m347.4m347.4m117.3m117.3m115.4m115.4m197.0m197.0m105.7m213.5m166.4m182.1m

Accounts Receivable

2.7m2.0m2.6m2.6m2.8m2.8m4.6m5.8m

Inventories

PP&E

7.1m9.0m9.3m9.3m17.3m17.3m27.1m32.2m32.9m35.0m41.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

356.7m328.8m326.0m356.3m365.7m482.9m180.9m137.3m122.8m201.4m170.4m182.3m213.3m201.8m160.0m215.3m205.2m160.4m245.5m366.2m244.7m311.1m252.3m185.1m181.6m159.6m180.8m331.7m405.1m

Accounts Receivable

3.6m2.9m2.2m3.6m3.2m2.3m4.2m3.4m3.3m3.3m3.2m3.3m4.5m5.2m21.8m6.2m5.9m5.4m7.8m

PP&E

6.1m6.6m8.4m8.9m8.8m9.1m9.3m9.3m9.7m9.8m10.0m21.2m23.8m26.3m28.1m29.7m30.8m32.5m33.1m33.0m33.2m34.8m35.6m40.1m40.5m41.0m44.9m49.2m52.3m

Total Assets

896.7m966.9m936.7m1.1b979.9m964.1m1.0b972.3m901.4m950.4m940.3m967.2m1.0b1.1b1.0b1.1b1.2b1.1b1.4b1.9b1.3b1.7b1.7b1.7b2.1b1.8b1.5b2.0b2.1b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

20.1m30.3m59.0m73.0m106.5m99.4m106.9m117.1m46.5m

Depreciation and Amortization

639.0k840.0k1.0m1.2m2.0m3.2m4.1m4.8m5.0m

Accounts Payable

547.0k54.0k(927.0k)680.0k(3.7m)2.8m(321.0k)193.0k(960.0k)

Cash From Operating Activities

110.1m142.0m157.0m123.3m219.3m121.4m245.0m230.1m84.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

21.4m22.4m9.9m17.7m25.9m12.0m29.0m43.4m13.5m30.7m52.0m22.3m47.0m77.3m

Depreciation and Amortization

299.0k379.0k199.0k410.0k625.0k249.0k497.0k745.0k280.0k551.0k845.0k389.0k803.0k1.3m

Accounts Payable

1.9m519.0k750.0k1.0m(62.0k)(52.0k)642.0k(505.0k)1.1m1.4m1.0m(1.6m)(2.1m)(2.5m)

Cash From Operating Activities

215.2m176.0m95.3m131.8m144.9m150.4m193.2m187.6m29.9m98.2m133.9m60.7m207.5m241.2m43.7m152.6m178.6m72.0m141.0m286.2m52.3m158.1m224.5m31.5m56.0m56.6m45.6m190.8m173.5m
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Show all financial metrics

Universal Insurance Holdings Operating Metrics

Universal Insurance Holdings's Reported Claims, units was reported to be 35.7 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Agents

7 k7.80 k8.60 k

In-Force Policies

556.35 k883.41 k

Reported Claims, units

22.35 k26.50 k35.69 k
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Universal Insurance Holdings Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
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Universal Insurance Holdings Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Universal Insurance Holdings Online and Social Media Presence

Universal Insurance Holdings's Trends

Embed Graph

Universal Insurance Holdings Company Culture

  • CEO Rating

    A+

    90/100

  • Compensation

    D

    55/100

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Universal Insurance Holdings News and Updates

July 31, 2019

Universal Insurance Holdings Reports Second Quarter 2019 Results

FORT LAUDERDALE, Fla., July 31, 2019 /PRNewswire/ -- 2Q19 total revenue up 11.4% to $233.7 million; 1H19 up 17.2% to $470.3 million 2Q19 direct premiums written ("DPW") up 4.4% to $358.0 million; 1H19 up 5.6% to $647.2 million 2Q19 other states (non-Florida) DPW up 28.7%; 1H19 up 29.9%...
May 31, 2019

Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2019-2020 Reinsurance Programs

FORT LAUDERDALE, Fla., May 31, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) today announced the completion by Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum Property and Casualty Insurance Company ("APPCIC"), the Company's...
April 24, 2019

Universal Insurance Holdings Reports First Quarter 2019 Results

FORT LAUDERDALE, Fla., April 24, 2019 /PRNewswire/ -- Universal Insurance Holdings (NYSE: UVE) (the "Company") reported 2019 first quarter diluted EPS of $1.14 on a GAAP basis and $1.00 non-GAAP adjusted EPS1. Total revenue was up 23.5% from the year-ago quarter to $236.6 million. Book...
April 11, 2019

Universal Insurance Holdings Announces First Quarter 2019 Earnings Release and Conference Call Date

FORT LAUDERDALE, Fla., April 11, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) will issue a press release reporting its first quarter results after the close of trading on the NYSE on Wednesday, April 24, 2019. The company will host a conference call on Thursday,...
March 20, 2019

Universal Insurance Holdings, Inc. Subsidiary Universal Property Writes First Homeowners Insurance Policy in Illinois

FORT LAUDERDALE, Fla., March 20, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (Universal Property), has written its first homeowners policy in Illinois. This marks the...
December 12, 2018

Universal Insurance Holdings, Inc. Announces New $20 Million Share Repurchase Authorization and Completion of Existing $20 Million Share Repurchase Program

FORT LAUDERDALE, Fla., Dec. 12, 2018 /PRNewswire/ -- Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock...
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 Universal Insurance Holdings Frequently Asked Questions

  • When was Universal Insurance Holdings founded?

    Universal Insurance Holdings was founded in 1990.

  • Who are Universal Insurance Holdings key executives?

    Universal Insurance Holdings's key executives are Sean P. Downes, Jon W. Springer and Kimberly D. Campos.

  • How many employees does Universal Insurance Holdings have?

    Universal Insurance Holdings has 805 employees.

  • What is Universal Insurance Holdings revenue?

    Latest Universal Insurance Holdings annual revenue is $939.4 m.

  • What is Universal Insurance Holdings revenue per employee?

    Latest Universal Insurance Holdings revenue per employee is $1.2 m.

  • Who are Universal Insurance Holdings competitors?

    Competitors of Universal Insurance Holdings include Insureon, iPipeline and HealthCare.com.

  • Where is Universal Insurance Holdings headquarters?

    Universal Insurance Holdings headquarters is located at 1110 W Commercial Blvd #100, Fort Lauderdale.

  • Where are Universal Insurance Holdings offices?

    Universal Insurance Holdings has offices in Fort Lauderdale and New York.

  • How many offices does Universal Insurance Holdings have?

    Universal Insurance Holdings has 2 offices.