UVE

MKT CAP:$1B

Universal Insurance Holdings, Inc.

Market Cap

$1B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$34.10+$2.39 (+7.54%)

Apr 22, 2026

Company Details

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential insuran...

CEO

Stephen Joseph Donaghy

IPO Date

Jun 6, 2003

Website

www.universalinsuranceholdings.com

Key Metrics TTM

Revenue

$1.6B

+8.3% YoY

Net Income

$113M

EPS (Diluted)

$4.02

Free Cash Flow

$290M

Revenue / Share

—

Gross Margin

11.3%

Operating Margin

10.0%

Net Margin

7.3%

FCF Margin

18.6%

P/S

0.7x

P/E

9.7x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$394MEPS $2.00

FY 2025

Feb 27, 2026

$1.6B+4.9%EPS $6.32

Q3 2025

Oct 30, 2025

$401M+3.5%EPS $1.38

FY 2024

Feb 28, 2025

$1.5B+9.3%EPS $2.01

Q3 2024

Oct 30, 2024

$388M+7.6%EPS -$0.57

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$279M	$55M	$30M
Q3 21	$287M	$43M	$26M
Q4 21	$293M	-$44M	-$64M
Q1 22	$287M	$48M	$22M
Q2 22	$292M	$38M	$11M
Q3 22	$313M	-$72M	-$93M
Q4 22	$330M	$57M	$33M
Q1 23	$317M	$59M	$33M
Q2 23	$340M	$64M	$38M
Q3 23	$360M	$19M	-$8M
Q4 23	$375M	$50M	$26M
Q1 24	$368M	$73M	$47M
Q2 24	$380M	$80M	$48M
Q3 24	$388M	$12M	-$18M
Q3 25	$401M	$85M	$53M
Q1 26	$394M	$0	$73M

Valuation

Quarter	P/S	P/E
Q2 21	0.4x	15.7x
Q3 21	0.4x	8.1x
Q4 21	0.5x	26.0x
Q1 22	0.4x	36.2x
Q2 22	0.3x	—
Q3 22	0.2x	—
Q4 22	0.3x	—
Q1 23	0.4x	—
Q2 23	0.4x	83.4x
Q3 23	0.3x	5.5x
Q4 23	0.3x	7.2x
Q1 24	0.4x	7.5x
Q2 24	0.4x	6.4x
Q3 24	0.4x	8.7x
Q3 25	0.5x	7.9x
Q1 26	0.6x	8.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$61M	$60M
Q2 21	$196M	$194M
Q3 21	$17M	$15M
Q4 21	-$40M	-$42M
Q1 22	-$27M	-$29M
Q2 22	$253M	$251M
Q3 22	-$2M	-$3M
Q4 22	$101M	$101M
Q1 23	-$50M	-$51M
Q2 23	$52M	$50M
Q3 23	$69M	$68M
Q4 23	$340.0K	-$810.0K
Q1 24	$83M	$80M
Q2 24	$73M	$68M
Q3 24	$83M	$81M
Q3 25	$62M	$61M

Capital Expenditures

Quarter	CapEx
Q1 21	$1M
Q2 21	$2M
Q3 21	$2M
Q4 21	$2M
Q1 22	$2M
Q2 22	$2M
Q3 22	$595.0K
Q4 22	$511.0K
Q1 23	$690.0K
Q2 23	$1M
Q3 23	$1M
Q4 23	$1M
Q1 24	$3M
Q2 24	$5M
Q3 24	$2M
Q3 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+10.5%	+10.6%
Q3 21	-7.8%	-17.3%
Q4 21	+7.2%	+19.0%
Q1 22	+9.4%	+17.1%
Q2 22	+4.6%	+12.9%
Q3 22	+8.9%	+55.7%
Q4 22	+12.9%	-16.7%
Q1 23	+10.1%	+7.1%
Q2 23	+16.3%	+7.4%
Q3 23	+15.1%	-9.4%
Q4 23	+13.7%	+17.5%
Q1 24	+16.3%	+13.0%
Q2 24	+12.0%	+10.0%
Q3 24	+7.6%	+10.3%
Q3 25	+6.8%	-0.4%
Q1 26	+7.0%	-0.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	-$495.0K	-0.2%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$6M	2.0%
Q1 22	-$209.0K	-0.1%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$5M	1.4%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$3M	0.8%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 21	$25M
Q3 21	$16M
Q4 21	$21M
Q1 22	$24M
Q2 22	$25M
Q3 22	$19M
Q4 22	$23M
Q1 23	$24M
Q2 23	$25M
Q3 23	$25M
Q4 23	$22M
Q1 24	$24M
Q2 24	$30M
Q3 24	$28M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$317M	$1.1B	$1.4B
Q3 22	$307M	$1.1B	$1.4B
Q4 22	$389M	$0	$389M
Q1 23	$330M	$1.0B	$1.4B
Q2 23	$292M	$102M	$394M
Q3 23	$344M	$111M	$455M
Q4 23	$397M	$1.1B	$1.5B
Q1 24	$396M	$90M	$487M
Q2 24	$283M	$113M	$396M
Q3 24	$334M	$132M	$466M
Q4 24	$259M	$160M	$419M
Q1 25	$398M	$199M	$597M
Q2 25	$367M	$196M	$563M
Q3 25	$405M	$166M	$572M
Q4 25	$478M	$163M	$641M
Q1 26	$598M	$0	$598M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	31M	+0.1%	-2.7%
Q3 21	31M	+0.1%	-1.0%
Q4 21	31M	-0.5%	-0.4%
Q1 22	31M	+0.2%	-0.2%
Q2 22	31M	-1.1%	-1.4%
Q3 22	31M	-0.9%	-2.3%
Q4 22	31M	-0.2%	-2.1%
Q1 23	31M	+0.3%	-1.9%
Q2 23	31M	+0.1%	-0.7%
Q3 23	30M	-3.4%	-3.2%
Q4 23	29M	-0.4%	-3.4%
Q1 24	29M	-0.3%	-4.0%
Q2 24	29M	-0.3%	-4.4%
Q3 24	28M	-3.3%	-4.3%
Q3 25	29M	+1.6%	-2.3%
Q1 26	0	-100.0%	-100.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$307.1K	909
Q3 21	$316.0K	909
Q4 21	$279.5K	1K
Q1 22	$274.6K	1K
Q2 22	$278.9K	1K
Q3 22	$298.8K	1K
Q4 22	$270.1K	1K
Q1 23	$258.8K	1K
Q2 23	$277.7K	1K
Q3 23	$294.4K	1K
Q4 23	$307.0K	1K
Q1 24	$300.9K	1K
Q2 24	$310.9K	1K
Q3 24	$316.9K	1K
Q3 25	$375.5K	1K
Q1 26	$423.6K	929

Revenue / Employee