UVE Q2 2024 Earnings — Universal Insurance Holdings, Inc. Revenue & Financial Results | Market Cap Arena

UVEUniversal Insurance Holdings, Inc.

$974M

Q2 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$380M+12.0% YoY

Gross Profit

$80M21.0% margin

Operating Income

$48M12.6% margin

Net Income

$35M9.3% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$73M

Free Cash Flow

$68M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.3B

Stockholders' Equity

$393M

Cash & Equivalents

$283M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$380M	$340M	+12.0%
Gross Profit	$80M	$64M	+25.4%
Operating Income	$48M	$38M	+27.6%
Net Income	$35M	$29M	+24.0%