UVE Q1 2024 Earnings — Universal Insurance Holdings, Inc. Revenue & Financial Results | Market Cap Arena

UVEUniversal Insurance Holdings, Inc.

$974M

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$368M+16.3% YoY

Gross Profit

$73M19.8% margin

Operating Income

$47M12.9% margin

Net Income

$34M9.1% margin

EPS (Diluted)

$1.14

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$80M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.8B

Stockholders' Equity

$365M

Cash & Equivalents

$396M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$368M	$317M	+16.3%
Gross Profit	$73M	$59M	+24.4%
Operating Income	$47M	$33M	+44.8%
Net Income	$34M	$24M	+39.2%