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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 25, 2025
Universal Insurance Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3325165-0231984
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
1110 W. Commercial Blvd., Fort Lauderdale, Florida 33309
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (954) 958-1200 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 Par ValueUVENew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02Results of Operations and Financial Condition
On February 25, 2025, Universal Insurance Holdings, Inc. issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
Item 9.01Financial Statements and Exhibits
(d) Exhibits:
 
Exhibit NumberDescription
104
The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101).


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: February 25, 2025UNIVERSAL INSURANCE HOLDINGS, INC.
By:/s/ Frank C. Wilcox
Name:Frank C. Wilcox
Title:Chief Financial Officer


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Exhibit 99.1
Universal Reports Fourth Quarter 2024 Results

•Diluted GAAP earnings per common share (EPS) of $0.21; diluted adjusted* EPS of $0.25
•Annualized return on average common equity (“ROCE”) of 6.2%, annualized adjusted* ROCE of 6.5%
•Direct premiums written of $470.9 million, up 8.8% from the prior year quarter
•Book value per share of $13.28, up 12.7% year-over-year; adjusted book value per share of $15.53, up 8.3% year-over-year
•Total capital returned to shareholders of $16.2 million, including $7.7 million of share repurchases, a $0.16 per share regular dividend and a $0.13 per share special dividend
* Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables.

Fort Lauderdale, Fla., February 25, 2025 – Universal Insurance Holdings (NYSE: UVE) (“Universal” or the “Company”) reported fourth quarter and full year 2024 results.

“In 2024, we experienced three hurricanes, including Debbie, Helene and Milton, and we’re working hard, as we always do, to help our customers restore their lives,” said Stephen J. Donaghy, Chief Executive Officer. “We continue to see progress relative to claims trends in our Florida book and recently filed a modest rate decrease in the state that’s directly correlated with the legislative changes made in December 2022. We’re already well underway negotiating and placing our 2025 reinsurance program with 92% of our first event catastrophe tower already placed as we stand here today, along with significant additional multi-year capacity secured for the 2026 hurricane season.”





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Summary Financial Results

($thousands, except per share data)Three Months Ended December 31,Twelve Months Ended December 31,
20242023Change20242023Change
GAAP comparison
Total revenues$384,809 $375,456 2.5 %$1,520,536 $1,391,582 9.3 %
Operating income
$8,957 $27,531 (67.5)%$91,087 $94,880 (4.0)%
Operating income margin
2.3 %7.3 %(5.0)pts6.0 %6.8 %(0.8)pts
Net income available to common stockholders
$6,016 $19,997 (69.9)%$58,918 $66,813 (11.8)%
Diluted earnings per common share
$0.21 $0.68 (69.1)%$2.01 $2.22 (9.5)%
Annualized ROCE6.2 %24.9 %(18.7) pts16.5 %21.2 %(4.7) pts
Book value per share, end of period$13.28 $11.78 12.7 %13.28$11.78 12.7 %
Non-GAAP comparison1
Core revenue$386,414 $365,705 5.7 %$1,511,915 $1,380,765 9.5 %
Adjusted operating income
$10,562 $17,780 (40.6)%$82,466 $84,063 (1.9)%
Adjusted operating income margin
2.7 %4.9 %(2.2)pts5.5 %6.1 %(0.6)pts
Adjusted net income available to common stockholders
$7,226 $12,645 (42.9)%$52,418 $58,657 (10.6)%
Adjusted diluted earnings per common share
$0.25 $0.43 (41.9)%$1.79 $1.95 (8.2)%
Annualized adjusted ROCE6.5 %12.4 %(5.9) pts12.4 %14.7 %(2.3) pts
Adjusted book value per share, end of period$15.53 $14.34 8.3 %$15.53 $14.34 8.3 %
Underwriting Summary
Premiums:
Premiums in force$2,079,069 $1,934,369 7.5 %$2,079,069 $1,934,369 7.5 %
Policies in force855,526 809,932 5.6 %855,526 809,932 5.6 %
Direct premiums written$470,895 $432,617 8.8 %$2,069,692 $1,921,833 7.7 %
Direct premiums earned$519,339 $482,126 7.7 %$1,999,805 $1,875,129 6.6 %
Ceded premiums earned$(170,985)$(146,728)16.5 %$(626,732)$(623,193)0.6 %
Ceded premium ratio32.9 %30.4 %2.5  pts31.3 %33.2 %(1.9) pts
Net premiums earned$348,354 $335,398 3.9 %$1,373,073 $1,251,936 9.7 %
Net ratios:
Loss ratio82.3 %81.9 %0.4  pts79.2 %79.3 %(0.1) pts
Expense ratio25.6 %21.8 %3.8 pts24.9 %24.3 %0.6 pts
Combined ratio107.9 %103.7 %4.2  pts104.1 %103.6 %0.5  pts
1 Reconciliation of GAAP to non-GAAP financial measures are provided in the attached tables. Adjusted net income (loss) available to common stockholders, adjusted diluted earnings (loss) per common share and core revenue exclude net realized gains (losses) on investments and net change in unrealized gains (losses) on investments. Adjusted operating income (loss) excludes the items above and interest and amortization of debt issuance costs. Adjusted book value per share excludes accumulated other comprehensive income (loss), net of taxes. Adjusted ROCE is calculated by dividing annualized adjusted net income (loss) available to common stockholders by average adjusted book value per share, with the denominator further excluding current period after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments.








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Net Income and Adjusted Net Income
Net income available to common stockholders was $6.0 million, down from net income of $20.0 million in the prior year quarter, and adjusted net income available to common stockholders was $7.2 million, down from adjusted net income of $12.6 million in the prior year quarter. The decrease in adjusted net income mostly stems from lower underwriting income, partly offset by higher net investment income and commission revenue.

Revenues
Revenue was $384.8 million, up 2.5% from the prior year quarter and core revenue was $386.4 million, up 5.7% from the prior year quarter. The increase in core revenue primarily stems from higher net premiums earned, net investment income and commission revenue.

Direct premiums written were $470.9 million, up 8.8% from the prior year quarter. The increase stems from 0.8% growth in Florida and 38.4% growth in other states. Overall growth mostly reflects higher policies in force, higher rates and inflation adjustments.

Direct premiums earned were $519.3 million, up 7.7% from the prior year quarter. The increase stems from direct premiums written growth over the past twelve months.

The ceded premium ratio was 32.9%, up from 30.4%, in the prior year quarter. The increase primarily reflects replacement of the Reinsurance to Assist Policyholders (RAP) layer, which was provided by the state of Florida, with private market coverage.

Net premiums earned were $348.4 million, up 3.9% from the prior year quarter. The increase is primarily attributable to higher direct premiums earned, partly offset by a higher ceded premium ratio, as described above.

Net investment income was $15.6 million, up from $13.7 million in the prior year quarter. The increase primarily stems higher fixed income reinvestment yields and higher invested assets.

Commissions, policy fees and other revenue were $22.5 million, up 35.6% from the prior year quarter. The increase primarily reflects replacement of the RAP layer with private market coverage and replacement of the catastrophe bond with traditional reinsurance coverage in the 2024-2025 program.

Margins
The operating income margin was 2.3%, down from an operating income margin of 7.3% in the prior year quarter. The adjusted operating income margin was 2.7%, down from an adjusted operating income margin of 4.9% in the prior year quarter. The lower adjusted operating income margin primarily reflects a higher net combined ratio, partly offset by higher net investment income and commission revenue.

The net loss ratio was 82.3%, up 0.4 points compared to the prior year quarter. The increase primarily reflects higher weather losses, primarily from Hurricane Milton, partly offset by more favorable prior year reserve development.

The net expense ratio was 25.6%, up 3.8 points from 21.8% in the prior year quarter. The increase was primarily driven by higher policy acquisition costs associated with growth outside Florida and higher other operating costs.

The net combined ratio was 107.9%, up 4.2 points compared to the prior year quarter. The increase reflects higher net loss ratio and expense ratios, as described above.

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Capital Deployment
During the fourth quarter, the Company repurchased approximately 370 thousand shares at an aggregate cost of $7.7 million. The Company’s current share repurchase authorization program has $2.6 million remaining.

On February 6, 2025, the Board of Directors declared a regular quarterly cash dividend of 16 cents per share of common stock, payable March 14, 2025 to shareholders of record as of the close of business on March 7, 2025.

Conference Call and Webcast
•Wednesday, February 26, 2025 at 10:00 a.m. ET
•Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registering in advance via teleconference at https://register.vevent.com/register/BIb9ed7bf57ebb4ae697ac54467570a179. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the call. An online replay of the call will be available at universalinsuranceholdings.com/investors shortly after the investor call concludes.


About Universal
Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company providing property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We provide insurance products in the United States through both our appointed independent agents and our direct online distribution channels, primarily in Florida. Learn more at universalinsuranceholdings.com or get an insurance quote at Clovered.com.

Non-GAAP Financial Measures and Key Performance Indicators
This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the U.S. Securities and Exchange Commission (“SEC”), including core revenue, adjusted net income available to common stockholders and diluted adjusted earnings (loss) per common share, which exclude the impact of net realized gains (losses) on investments and net change in unrealized gains (losses) on investments. Adjusted operating income (loss) and adjusted operating income (loss) margin exclude the impact of net realized gains (losses) on investments and net change in unrealized gains (losses) on investments and interest and amortization of debt issuance costs. Adjusted common stockholders’ equity and adjusted book value per share exclude accumulated other comprehensive income (loss) (AOCI), net of taxes. Adjusted return on common equity excludes after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments from the numerator and AOCI, net of taxes, and current period after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments from the denominator. A “non-GAAP financial measure” is generally defined as a numerical measure of a company’s historical or future performance that excludes or includes amounts, or is subject to adjustments, so as to be different from the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (“GAAP”). UVE management believes that these non-GAAP financial measures are meaningful, as they allow investors to evaluate underlying revenue and profitability trends and enhance comparability across periods. When considered together with the GAAP financial measures, management believes these metrics provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. UVE management also believes that these non-GAAP financial measures enhance the ability of investors to analyze UVE’s business trends and to understand UVE’s
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operational performance. UVE’s management utilizes these non-GAAP financial measures as guides in long-term planning. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, financial measures presented in accordance with GAAP. For more information regarding our key performance indicators, please refer to the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Key Performance Indicators” in our forthcoming Annual Report on Form 10-K for the year ended December 31, 2024.

Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “will,” “plan,” and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include commentary on plans, products and lines of business, marketing arrangements, reinsurance programs and other business developments and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, including those risks and uncertainties described under the heading “Risk Factors” and “Liquidity and Capital Resources” in our 2024 Annual Report on Form 10-K, and supplemented in our subsequent Quarterly Reports on Form 10-Q. Future results could differ materially from those described, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information regarding risk factors that could affect the Company’s operations and future results, refer to the Company’s reports filed with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K and the most recent quarterly reports on Form 10-Q.



Investors/Media:
Arash Soleimani, CFA, CPA, CPCU, ARe
Chief Strategy Officer
954-804-8874
asoleimani@universalproperty.com

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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except per share data)
December 31,December 31,
20242023
ASSETS
Invested Assets
  Fixed maturities, at fair value$1,269,079 $1,064,330 
  Equity securities, at fair value77,752 80,495 
Other investments, at fair value$16,123 $10,434 
  Investment real estate, net8,322 5,525 
  Total invested assets1,371,276 1,160,784 
Cash and cash equivalents259,441 397,306 
Restricted cash and cash equivalents2,635 2,635 
Prepaid reinsurance premiums262,716 236,254 
Reinsurance recoverable627,617 219,102 
Premiums receivable, net77,936 77,064 
Property and equipment, net48,653 47,628 
Deferred policy acquisition costs121,178 109,985 
Deferred income tax asset, net
42,163 43,175 
Goodwill2,319 2,319 
Other assets25,927 20,309 
TOTAL ASSETS$2,841,861 $2,316,561 
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Unpaid losses and loss adjustment expenses$959,291 $510,117 
Unearned premiums1,060,446 990,559 
Advance premium46,237 48,660 
Income taxes payable
6,561 5,886 
Reinsurance payable, net220,328 191,850 
Commission payable
25,931 20,989 
Long-term debt, net101,243 102,006 
Other liabilities and accrued expenses
48,574 105,197 
     Total liabilities2,468,611 1,975,264 
STOCKHOLDERS' EQUITY:
Cumulative convertible preferred stock ($0.01 par value)2
— — 
Common stock ($0.01 par value)3
475 472 
Treasury shares, at cost - 19,382 and 18,303(282,693)(260,779)
Additional paid-in capital121,781 115,086 
Accumulated other comprehensive income (loss), net of taxes(63,166)(74,172)
Retained earnings596,853 560,690 
     Total stockholders' equity373,250 341,297 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$2,841,861 $2,316,561 
Notes:
2 Cumulative convertible preferred stock ($0.01 par value): Authorized - 1,000 shares; Issued - 10 and 10 shares; Outstanding - 10 and 10 shares; Minimum liquidation preference - $9.99 and $9.99 per share.
3 Common stock ($0.01 par value): Authorized - 55,000 shares; Issued - 47,478 and 47,269 shares; Outstanding - 28,096 and 28,966 shares.



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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
(in thousands)
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
REVENUES
Net premiums earned$348,354 $335,398 $1,373,073 $1,251,936 
Net investment income15,559 13,714 59,148 48,449 
Net realized gains (losses) on investments
219 (892)(1,315)(1,229)
Net change in unrealized gains (losses) on investments
(1,824)10,643 9,936 12,046 
Commission revenue16,121 10,960 51,792 54,058 
Policy fees4,315 4,219 19,490 18,881 
Other revenue2,065 1,414 8,412 7,441 
  Total revenues384,809 375,456 1,520,536 1,391,582 
EXPENSES
Losses and loss adjustment expenses286,652 274,783 1,087,366 992,636 
Policy acquisition costs63,344 51,134 233,444 208,011 
Other operating expenses25,856 22,008 108,639 96,055 
     Total operating costs and expenses375,852 347,925 1,429,449 1,296,702 
Interest and amortization of debt issuance costs1,612 1,635 6,476 6,531 
Income before income tax expense
7,345 25,896 84,611 88,349 
     Income tax expense
1,327 5,897 25,683 21,526 
NET INCOME
$6,018 $19,999 $58,928 $66,823 

UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES
SHARE AND PER SHARE INFORMATION
(in thousands, except per share data)
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
Weighted average common shares outstanding - basic28,173 29,064 28,498 29,829 
Weighted average common shares outstanding - diluted29,118 29,487 29,274 30,147 
Shares outstanding, end of period28,096 28,966 28,096 28,966 
Basic earnings per common share
$0.21 $0.69 $2.07 $2.24 
Diluted earnings per common share
$0.21 $0.68 $2.01 $2.22 
Cash dividend declared per common share$0.29 $0.29 $0.77 $0.77 
Book value per share, end of period$13.28 $11.78 $13.28 $11.78 
Annualized return on average common equity (ROCE)6.2 %24.9 %16.5 %21.2 %

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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES
SUPPLEMENTARY INFORMATION
(in thousands, except for Policies In Force data)
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
Premiums
     Direct premiums written - Florida$342,565 $339,902 $1,598,426 $1,565,197 
     Direct premiums written - Other States128,330 92,715 471,266 356,636 
Direct premiums written - Total$470,895 $432,617 $2,069,692 $1,921,833 
Direct premiums earned$519,339 $482,126 $1,999,805 $1,875,129 
Net premiums earned$348,354 $335,398 $1,373,073 $1,251,936 
Underwriting Ratios - Net
Loss and loss adjustment expense ratio82.3 %81.9 %79.2 %79.3 %
General and administrative expense ratio25.6 %21.8 %24.9 %24.3 %
  Policy acquisition cost ratio18.2 %15.2 %17.0 %16.6 %
  Other operating expense ratio7.4 %6.6 %7.9 %7.7 %
Combined ratio107.9 %103.7 %104.1 %103.6 %

As of
December 31,
20242023
Policies in force
Florida567,307 567,893 
Other States288,219 242,039 
Total855,526 809,932 
Premiums in force
Florida$1,608,142 $1,577,210 
Other States470,927 357,159 
Total$2,079,069 $1,934,369 
Total Insured Value
Florida$186,751,842 $188,516,949 
Other States171,759,368 134,939,758 
Total$358,511,210 $323,456,707 






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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(in thousands, except for per share data)
GAAP revenue to core revenue
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
GAAP revenue$384,809 $375,456 $1,520,536 $1,391,582 
less: Net realized gains (losses) on investments219 (892)(1,315)(1,229)
less: Net change in unrealized gains (losses) on investments
(1,824)10,643 9,936 12,046 
Core revenue$386,414 $365,705 $1,511,915 $1,380,765 

GAAP operating income to adjusted operating income
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
GAAP income before income tax expense
$7,345 $25,896 $84,611 $88,349 
add: Interest and amortization of debt issuance costs1,612 1,635 6,476 6,531 
GAAP operating income
8,957 27,531 91,087 94,880 
less: Net realized gains (losses) on investments219 (892)(1,315)(1,229)
less: Net change in unrealized gains (losses) on investments
(1,824)10,643 9,936 12,046 
Adjusted operating income
$10,562 $17,780 $82,466 $84,063 

GAAP operating income margin to adjusted operating income margin
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
GAAP operating income (a)
$8,957 $27,531 $91,087 $94,880 
GAAP revenue (b)384,809 375,456 1,520,536 1,391,582 
GAAP operating income margin (a÷b)
2.3 %7.3 %6.0 %6.8 %
Adjusted operating income (c)
10,562 17,780 82,466 84,063 
Core revenue (d)386,414 365,705 1,511,915 1,380,765 
Adjusted operating income margin (c÷d)
2.7 %4.9 %5.5 %6.1 %

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GAAP net income (NI) to adjusted NI available to common stockholders
Three Months EndedTwelve Months Ended
December 31,December 31,
2024202320242023
GAAP NI
$6,018 $19,999 $58,928 $66,823 
less: Preferred dividends2 2 10 10 
GAAP NI available to common stockholders (e)
6,016 19,997 58,918 66,813 
less: Net realized gains (losses) on investments219 (892)(1,315)(1,229)
less: Net change in unrealized gains (losses) on investments
(1,824)10,643 9,936 12,046 
add: Income tax effect on above adjustments(395)2,399 2,121 2,661 
Adjusted NI available to common stockholders (f)
$7,226 $12,645 $52,418 $58,657 
Weighted average diluted common shares outstanding (g)29,118 29,487 29,274 30,147 
Diluted earnings per common share (e÷g)
$0.21 $0.68 $2.01 $2.22 
Diluted adjusted earnings per common share (f÷g)
$0.25 $0.43 $1.79 $1.95 

GAAP stockholders’ equity to adjusted common stockholders’ equity
As of
December 31,December 31,December 31,
202420232022
GAAP stockholders’ equity$373,250 $341,297 $287,896 
less: Preferred equity100100100
Common stockholders’ equity (h)373,150 341,197 287,796 
less: Accumulated other comprehensive (loss), net of taxes(63,166)(74,172)(103,782)
Adjusted common stockholders’ equity (i)$436,316 $415,369 $391,578 
Common shares outstanding (j)28,096 28,966 30,389 
Book value per common share (h÷j)$13.28 $11.78 $9.47 
Adjusted book value per common share (i÷j)$15.53 $14.34 $12.89 

GAAP return on common equity (ROCE) to adjusted ROCE
Three Months EndedTwelve Months Ended
December 31,December 31,
20242023202420232022
Actual or Annualized NI (loss) available to common stockholders (k)
$24,064 $79,988 $58,918 $66,813 $(22,267)
Average common stockholders’ equity (l)386,648 321,300 357,174 314,497 358,699 
ROCE (k÷l)6.2 %24.9 %16.5 %21.2 %(6.2)%
Annualized adjusted NI (loss) available to common stockholders (m)
$28,904 $50,580 $52,418 $58,657 $(12,618)
Adjusted average common stockholders’ equity4 (n)
441,632 408,267 422,593 399,396 423,199 
Adjusted ROCE (m÷n)6.5 %12.4 %12.4 %14.7 %(3.0)%
4 Adjusted average common stockholders’ equity excludes current period after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments.

10
v3.25.0.1
Cover Page
Feb. 25, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Feb. 25, 2025
Entity Registrant Name Universal Insurance Holdings, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-33251
Entity Tax Identification Number 65-0231984
Entity Address, Address Line One 1110 W. Commercial Blvd.
Entity Address, City or Town Fort Lauderdale
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33309
City Area Code 954
Local Phone Number 958-1200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 Par Value
Trading Symbol UVE
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000891166
Amendment Flag false
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