Universal Insurance Holdings

Financial Services fintech holding company insurance

UIH’s insurance company subsidiaries have established strong relationships with a network of nearly 8,000 independent agents by emphasizing personal interaction, offering superior services and maintaining an exclusive focus on homeowners insurance. The Company’s insurance company underwriters work closely with independent agents to market and underwrite business. With competitively priced products, convenient installment billing plans and proactive claims management, both UPCIC and APPCIC provide their customers with superior service.

Revenue(FY, 2016)

$685.3 M

Market capitalization(2017-09-21)

$733.5 M

Reported Claims, units(FY, 2016)

35.7 K

Company Growth (employees)

Type

Public

Fort Lauderdale, US

Founded

1990

Size (employees)

483 (est)

Website

universalinsuranceholdings.com

Universal Insurance Holdings was founded in 1990 and is headquartered in Fort Lauderdale, US

Universal Insurance Holdings Office Locations

Universal Insurance Holdings has offices in Fort Lauderdale and New York

Fort Lauderdale, US (HQ)

100 1110 W Commercial Blvd

New York, US

17 Battery Pl

Universal Insurance Holdings Data and Metrics

Universal Insurance Holdings Financial Metrics

Universal Insurance Holdings's revenue was reported to be $685.3 m in FY, 2016

Summary

USD

Universal Insurance Holdings's current market capitalization is $733.5 m.

Income Statement

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	239.9 m	225.9 m	269.9 m	301.2 m	369.3 m	546.5 m	685.3 m
Revenue growth, %		(6%)	20%	12%	23%	48%	25%
General and administrative expense							221.2 m
Operating expense total							221.2 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q3, 2016	Q1, 2017
General and administrative expense	28.9 m	32.2 m	32.2 m	42.7 m	55.3 m	57.2 m	54.7 m	56.9 m
Operating expense total	28.9 m	32.2 m	32.2 m	42.7 m	55.3 m	57.2 m	54.7 m	56.9 m
Pre tax profit	30.4 m	37.2 m	38 m	41.2 m	47.9 m	41.1 m	44.2 m	47.4 m
Income tax expense			15.7 m	16.5 m	17.6 m	15.9 m	17.3 m	16.2 m

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Balance Sheet

Annual

USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016
Cash	173.8 m	133.6 m	229.7 m	347.4 m	117.3 m	115.4 m	197 m	105.7 m
Accounts Receivable					2.6 m	2.8 m		5.8 m
PP&E					9.3 m	17.3 m		32.2 m
Total Assets					920.1 m	911.8 m		1.1 b

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	201.4 m	170.4 m	182.3 m	213.3 m	201.8 m	160 m	215.3 m	205.2 m	160.4 m
Accounts Receivable	3.3 m	3.2 m	3.3 m	4.5 m	5.2 m	21.8 m	6.2 m	5.9 m	5.4 m
PP&E	9.8 m	10 m	21.2 m	23.8 m	26.3 m	28.1 m	29.7 m	30.8 m	32.5 m
Total Assets	950.4 m	940.3 m	967.2 m	1 b	1.1 b	1 b	1.1 b	1.2 b	1.1 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	59 m	73 m	106.5 m	99.4 m
Depreciation and Amortization	1 m	1.2 m	2 m	3.2 m
Accounts Receivable	131 k	12 k	(1.8 m)	1.1 m
Accounts Payable	(927 k)	680 k	(3.7 m)	2.8 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	17.1 m	21.3 m	22.3 m	24.7 m	30.3 m	25.2 m		26.9 m	31.2 m
Accounts Receivable	3.3 m	3.2 m	3.3 m	4.5 m	5.2 m	21.8 m	6.2 m	5.9 m	5.4 m
Accounts Payable	4.8 m	4.5 m	2.5 m	2 m	1.6 m	3.9 m	2.9 m	2.3 m	3.3 m