UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) financial statements: income statement, balance sheet and cash flow
UNIVERSAL INSURANCE HOLDINGS, INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), UNIVERSAL INSURANCE HOLDINGS, INC. reported revenue of $1.6B (+5.5% year on year) and net income of $183.0M (+210.5% year on year).
Income statement
UNIVERSAL INSURANCE HOLDINGS, INC. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Direct premiums written
$2.1B
$2.1B
$1.9B
$1.8B
Change in unearned premium
($31.5M)
($69.9M)
($46.7M)
($86.1M)
Direct premium earned
$2.1B
$2.0B
$1.9B
$1.8B
Ceded premium earned
($669.7M)
($626.7M)
($623.2M)
($631.1M)
Premiums earned, net
$1.4B
$1.4B
$1.3B
$1.1B
Net investment income
$70.6M
$59.1M
$48.4M
$25.8M
Net realized gains (losses) on investments
$5.7M
($1.3M)
($1.2M)
$348.0K
Net change in unrealized gains (losses) on investments
($1.2M)
$9.9M
$12.0M
($13.1M)
Commission revenue
$61.3M
$51.8M
$54.1M
$53.2M
Policy fees
$20.1M
$19.5M
$18.9M
$20.2M
Other revenue
$8.3M
$8.4M
$7.4M
$7.7M
Total revenues
$1.6B
$1.5B
$1.4B
$1.2B
Losses and loss adjustment expenses
$985.9M
$1.1B
$992.6M
$938.4M
Policy acquisition costs
$250.2M
—
—
—
Other operating costs and expenses
$118.3M
—
—
—
Total operating costs and expenses
$1.4B
$1.4B
$1.3B
$1.2B
Interest and amortization of debt issuance costs
$6.4M
$6.5M
$6.5M
$6.6M
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)
$243.1M
$84.6M
$88.3M
($27.2M)
Income tax expense (benefit)
$60.1M
$25.7M
$21.5M
($5.0M)
NET INCOME (LOSS)
$183.0M
$58.9M
$66.8M
($22.3M)
Basic earnings (loss) per common share (in USD per share)
$6.56
$2.07
$2.24
-$0.72
Weighted average common shares outstanding - Basic (in shares)
27.9M
28.5M
29.8M
30.8M
Diluted earnings (loss) per common share (in USD per share)
$6.32
$2.01
$2.22
-$0.72
Weighted average common shares outstanding - Diluted (in shares)
29.0M
29.3M
30.1M
30.8M
Cash dividend declared per common share (in USD per share)
$0.77
$0.77
$0.77
$0.77
UNIVERSAL INSURANCE HOLDINGS, INC. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Direct premiums written
$621.3M
$506.5M
$592.8M
$596.7M
Change in unearned premiums
($76.5M)
$24.9M
($58.7M)
($73.3M)
Direct premiums earned
$544.8M
$531.4M
$534.1M
$523.4M
Ceded premiums earned
($167.5M)
($174.5M)
($174.4M)
($163.2M)
Premiums earned, net
$377.3M
$356.9M
$359.7M
$360.2M
Net investment income
$20.2M
$19.5M
$18.3M
$17.3M
Net realized gains (losses) on investments
$1.3M
$734.0K
($345.0K)
$5.3M
Net change in unrealized gains (losses) on investments
$6.4M
($5.3M)
$1.3M
($6.1M)
Commission revenue
$13.8M
$14.7M
$14.6M
$15.9M
Policy fees
$6.0M
$5.0M
$5.4M
$5.6M
Other revenue
$2.1M
$2.1M
$2.0M
$2.0M
Total revenues
$427.0M
$393.6M
$401.0M
$400.1M
Losses and loss adjustment expenses
$244.6M
$228.1M
$252.3M
$260.3M
Policy acquisition costs
$68.1M
$64.5M
$63.6M
$61.9M
Other operating costs and expenses
$32.8M
$27.7M
$30.7M
$30.0M
Total operating costs and expenses
$345.4M
$320.3M
$346.6M
$352.1M
Interest and amortization of debt issuance costs
$2.0M
$1.6M
$1.6M
$1.6M
INCOME (LOSS) BEFORE INCOME TAXES
$79.6M
$71.7M
$52.8M
$46.4M
Income tax expense (benefit)
$20.4M
$17.4M
$12.9M
$11.3M
NET INCOME (LOSS)
$59.2M
$54.3M
$39.8M
$35.1M
Basic earnings (loss) per common share (in USD per share)
$2.14
$1.96
$1.43
$1.25
Weighted average common shares outstanding - Basic (in shares)
27.6M
27.7M
27.9M
28.0M
Diluted earnings (loss) per common share (in USD per share)
$2.04
$1.88
$1.38
$1.21
Weighted average common shares outstanding - Diluted (in shares)
29.0M
28.8M
28.8M
29.1M
Cash dividend declared per common share (in USD per share)
$0.16
$0.16
$0.16
$0.16
Balance sheet
UNIVERSAL INSURANCE HOLDINGS, INC. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $631 and $1,018 (amortized cost: $1,466,145 and $1,353,532)
$1.4B
$1.3B
$1.1B
$1.0B
Equity securities, at fair value (cost: $87,326 and $79,917)
$85.4M
$77.8M
$80.5M
$85.5M
Other investments, at fair value (cost: $5,000 and $8,794)
$10.7M
$16.1M
$10.4M
—
Investment real estate, net
$5.5M
$8.3M
$5.5M
$5.7M
Total invested assets
$1.5B
$1.4B
$1.2B
$1.1B
Cash and cash equivalents
$408.9M
$259.4M
$397.3M
$388.7M
Restricted cash and cash equivalents
$69.0M
$2.6M
$2.6M
$2.6M
Prepaid reinsurance premiums
$291.0M
$262.7M
$236.3M
$282.4M
Reinsurance recoverable
$232.9M
$627.6M
$219.1M
$808.9M
Premiums receivable, net
$75.7M
$77.9M
$77.1M
$69.6M
Property and equipment, net
$49.3M
$48.7M
$47.6M
$51.4M
Deferred policy acquisition costs
$128.6M
$121.2M
$110.0M
$103.7M
Deferred income tax asset, net
$27.7M
$42.2M
$43.2M
$57.3M
Other assets
$24.0M
$28.2M
$22.6M
$18.3M
Total assets
$2.8B
$2.8B
$2.3B
$2.9B
Unpaid losses and loss adjustment expenses
$680.7M
$959.3M
$510.1M
$1.0B
Unearned premiums
$1.1B
$1.1B
$990.6M
$943.9M
Advance premium
$61.8M
$46.2M
$48.7M
$55.0M
Income taxes payable
$28.6M
$6.6M
$5.9M
—
Reinsurance payable, net
$257.2M
$220.3M
$191.8M
$384.5M
Commission payable
$26.3M
$25.9M
$21.0M
$18.5M
Other liabilities and accrued expenses
$41.6M
$48.6M
$90.6M
$58.8M
Debt, net of issuance costs
$100.5M
$101.2M
$102.0M
$102.8M
Total liabilities
$2.3B
$2.5B
$2.0B
$2.6B
Cumulative convertible preferred stock
$0
$0
$0
$0
Common stock
$482.0K
$475.0K
$472.0K
$472.0K
Treasury shares, at cost - 20,226 and 19,382
-305.1M
-282.7M
-260.8M
-238.8M
Additional paid-in capital
$124.3M
$121.8M
$115.1M
$112.5M
Accumulated other comprehensive income (loss), net of taxes
($26.2M)
($63.2M)
($74.2M)
($103.8M)
Retained earnings
$757.4M
$596.9M
$560.7M
$517.5M
Total stockholders’ equity
$551.0M
$373.3M
$341.3M
$287.9M
Total liabilities and stockholders’ equity
$2.8B
$2.8B
$2.3B
$2.9B
UNIVERSAL INSURANCE HOLDINGS, INC. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Available-for-sale debt securities, at fair value, net of allowance for credit loss of $881 and $631 (amortized cost: $1,553,900 and $1,466,145)
$1.5B
$1.4B
$1.4B
$1.4B
Equity securities, at fair value (cost: $113,037 and $87,326)
$111.8M
$98.6M
$96.0M
$92.9M
Other investments, at fair value (cost: $5,000 and $5,000)
$11.2M
$10.7M
$3.9M
$3.9M
Investment real estate, net
$5.4M
$5.4M
$5.4M
$8.2M
Total invested assets
$1.6B
$1.5B
$1.5B
$1.5B
Cash and cash equivalents
$532.2M
$595.8M
$405.1M
$367.1M
Restricted cash and cash equivalents
$68.6M
$2.6M
$69.1M
$68.6M
Prepaid reinsurance premiums
$562.1M
$117.0M
$465.0M
$639.0M
Reinsurance recoverables
$176.9M
$201.9M
$316.0M
$382.0M
Premiums receivable, net
$85.5M
$76.0M
$82.4M
$83.6M
Property and equipment, net
$48.6M
$49.3M
$49.9M
$47.7M
Deferred policy acquisition costs
$135.2M
$126.2M
$132.7M
$125.2M
Income taxes recoverable
$16.4M
—
—
$9.0M
Deferred income tax asset, net
$14.2M
$37.8M
$18.9M
$15.1M
Other assets
$31.8M
$26.1M
$31.6M
$38.5M
Total assets
$3.3B
$2.8B
$3.1B
$3.3B
Unpaid losses and loss adjustment expenses
$633.6M
$668.7M
$682.6M
$765.9M
Unearned premiums
$1.1B
$1.1B
$1.1B
$1.1B
Advance premium
$84.9M
$86.9M
$78.7M
$83.8M
Reinsurance payable, net
$627.8M
$135.8M
$501.8M
$709.5M
Commission payable
$33.4M
$28.3M
$28.2M
$29.4M
Income taxes payable
$0
$53.6M
$3.7M
$0
Other liabilities and accrued expenses
$47.9M
$44.0M
$46.1M
$41.1M
Debt, net of issuance costs
$97.9M
$100.3M
$100.7M
$100.9M
Total liabilities
$2.7B
$2.2B
$2.6B
$2.8B
Cumulative convertible preferred stock
$0
$0
$0
$0
Common stock
$483.0K
$483.0K
$481.0K
$476.0K
Treasury shares, at cost - 20,558 and 20,226, respectively
-316.8M
-312.2M
-298.2M
-290.1M
Additional paid-in capital
$127.3M
$123.9M
$124.1M
$123.9M
Accumulated other comprehensive income (loss), net of taxes
($35.5M)
($34.5M)
($30.8M)
($40.8M)
Retained earnings
$861.6M
$807.1M
$699.4M
$664.3M
Total stockholders’ equity
$637.2M
$584.7M
$495.0M
$457.8M
Total liabilities and stockholders’ equity
$3.3B
$2.8B
$3.1B
$3.3B
Cash flow statement
UNIVERSAL INSURANCE HOLDINGS, INC. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$183.0M
$58.9M
$66.8M
($22.3M)
Bad debt expense
$3.5M
$548.0K
$504.0K
$708.0K
Depreciation and amortization
$6.4M
$6.1M
$7.3M
$7.3M
Amortization of share-based compensation
$8.7M
$8.1M
$2.9M
$4.7M
Amortization of debt issuance costs
$708.0K
$708.0K
$708.0K
$703.0K
Provision for (or reversal of) credit losses on available-for-sale debt securities
($386.0K)
$452.0K
($354.0K)
$431.0K
Book overdraft increase (decrease)
$0
($14.6M)
$14.6M
($26.8M)
Net realized (gains) losses on sale of investments
($5.7M)
$1.3M
$1.2M
($348.0K)
Net change in unrealized (gains) losses on investments
$1.2M
($9.9M)
($12.0M)
$13.1M
Amortization of premium/accretion of discount, net
$624.0K
$3.8M
$6.6M
$8.1M
Deferred income taxes
$2.6M
($2.6M)
$4.4M
($12.1M)
Excess tax (benefit) shortfall from share-based compensation
($1.1M)
$1.2M
($20.0K)
$222.0K
Loss (gain) on disposal of assets
$128.0K
$104.0K
$642.0K
($21.0K)
Prepaid reinsurance premiums
($28.3M)
($26.5M)
$46.2M
($41.4M)
Reinsurance recoverable
$394.7M
($408.5M)
$589.7M
($623.3M)
Income taxes payable
$23.1M
($530.0K)
$5.9M
—
Premiums receivable, net
$81.0K
($1.4M)
($8.0M)
($5.4M)
Accrued investment income
($2.0M)
($1.6M)
($1.3M)
($2.1M)
Income taxes recoverable
$0
$0
$1.5M
$15.2M
Deferred policy acquisition costs
($7.4M)
($11.2M)
($6.3M)
$5.2M
Other assets
$4.9M
($8.0M)
($3.0M)
($853.0K)
Unpaid losses and loss adjustment expenses
($278.6M)
$449.2M
($528.7M)
$692.6M
Unearned premiums
$31.5M
$69.9M
$46.7M
$86.1M
Commission payable
$376.0K
$4.9M
$2.4M
($3.8M)
Reinsurance payable, net
$36.9M
$28.5M
($192.7M)
$195.8M
Other liabilities and accrued expenses
($8.9M)
($9.1M)
$31.5M
$31.3M
Advance premium
$15.6M
($2.4M)
($6.3M)
$1.3M
Net cash provided by (used in) operating activities
$381.5M
$137.4M
$71.0M
$324.5M
Proceeds from sale of property and equipment
$40.0K
$108.0K
$42.0K
$97.0K
Purchases of property and equipment
($4.4M)
($7.4M)
($4.0M)
($4.9M)
Purchases of equity securities
($29.0M)
($3.2M)
($33.5M)
($76.6M)
Purchases of available-for-sale debt securities
($430.1M)
($384.9M)
($146.4M)
($200.0M)
Purchases of other investments
($1.0M)
$0
($4.8M)
—
Purchases of investment real estate, net
$0
($2.8M)
$0
($6.0K)
Proceeds from sales of equity securities
$22.1M
$13.9M
$45.1M
$34.2M
Proceeds from sales of available-for-sale debt securities
$126.6M
$49.1M
$19.2M
$29.4M
Proceeds from sale of other investments
$11.5M
—
—
—
Maturities of available-for-sale debt securities
$190.8M
$107.1M
$109.1M
$69.0M
Net cash provided by (used in) investing activities
($113.6M)
($228.1M)
($15.3M)
($148.9M)
Preferred stock dividend
($10.0K)
($10.0K)
($10.0K)
($10.0K)
Common stock dividend
($22.2M)
($22.3M)
($23.3M)
($23.8M)
Purchase of treasury stock, inclusive of excise taxes paid
($22.4M)
($21.9M)
($22.0M)
($11.6M)
Payments related to tax withholding for share-based compensation
($6.1M)
($1.4M)
($339.0K)
($418.0K)
Repayment of debt
($1.5M)
($1.5M)
($1.5M)
($1.5M)
Net cash provided by (used in) financing activities
($52.1M)
($47.1M)
($47.1M)
($37.5M)
UNIVERSAL INSURANCE HOLDINGS, INC. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net cash provided by (used in) operating activities
$255.9M
$154.8M
$355.4M
$293.0M
Proceeds from sale of property and equipment
$52.0K
$38.0K
$23.0K
$12.0K
Purchases of property and equipment
($2.5M)
($1.6M)
($3.4M)
($2.2M)
Purchases of equity securities
($60.6M)
($24.0M)
($29.0M)
($18.4M)
Purchases of available-for-sale debt securities
($272.0M)
($106.9M)
($319.2M)
($210.1M)
Proceeds from sales of equity securities
$37.5M
$6.9M
$12.5M
$3.4M
Proceeds from sales of available-for-sale debt securities
$88.5M
$59.1M
$66.8M
$25.5M
Proceeds from sale of private equity limited partnership
$0
—
$11.5M
$11.5M
Maturities of available-for-sale debt securities
$102.3M
$46.3M
$151.5M
$89.8M
Net cash provided by (used in) investing activities
($106.7M)
($20.1M)
($109.2M)
($100.5M)
Debt issuance costs paid
($2.5M)
—
—
—
Preferred stock dividend
($5.0K)
($3.0K)
($8.0K)
($5.0K)
Common stock dividend
($9.3M)
($4.9M)
($13.8M)
($9.4M)
Purchases of treasury stock inclusive of excise taxes paid
($11.7M)
($7.1M)
($15.5M)
($7.4M)
Payments related to tax withholding for share-based compensation
($2.0M)
($1.7M)
($3.6M)
($1.3M)
Repayment of debt
($100.7M)
($368.0K)
($1.1M)
($735.0K)
Proceeds from issuance of long-term debt
$100.0M
—
—
—
Net cash provided by (used in) financing activities