Universal Insurance Holdings, Inc. (UVE) Q3 FY2026 earnings

Reported results

• Diluted GAAP earnings per common share of $1.80; diluted adjusted EPS of $1.93
• Annualized GAAP return on average common equity of 32.7%; annualized adjusted ROCE of 32.3%
• Direct premiums written of $608.9 million, up 2.7% from prior year quarter
• Book value per share of $23.37, up 32.4% year-over-year; adjusted book value per share of $25.90, up 38.2% year-over-year
• Net loss ratio of 64.6%, down 5.6 points; net combined ratio of 91.0%, down 5.4 points compared to prior year quarter
• Policies in force of 953,611, up 7.9% year-over-year; core revenue of $444.3 million, up 11.1% year-over-year

Notes

Non-GAAP measures (adjusted EPS, adjusted ROCE, adjusted book value per share, core revenue, adjusted operating income) exclude net realized gains/losses on investments and net change in unrealized gains/losses on investments. Adjusted measures also exclude interest and amortization of debt issuance costs where applicable. Company noted Hurricane Isaias made landfall after quarter end; claims activity to date has been less significant than initially anticipated.

Price and volatility reaction

The stock moved +0.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -9.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.