UVE

EX-99.1

2 a3q26uveex-991xearningspre.htm

EX-99.1

Document

Exhibit 99.1

Universal Reports Third Quarter 2026 Results

•Diluted GAAP earnings per common share (EPS) of $1.80; diluted adjusted* EPS of $1.93

•Annualized return on average common equity (“ROCE”) of 32.7%, annualized adjusted* ROCE of 32.3%

•Direct premiums written of $608.9 million, up 2.7% from the prior year quarter

•Book value per share of $23.37, up 32.4% year-over-year; adjusted book value per share* of $25.90, up 38.2% year-over-year

*Reconciliations of non-GAAP to GAAP financial measures are provided in the attached tables.

Fort Lauderdale, Fla., October 22, 2026 – Universal Insurance Holdings (NYSE: UVE) (“Universal” or the “Company”) reported third quarter 2026 results.

“In the quarter, we delivered a very strong 32.7% annualized return on common equity, driven by solid underwriting and revenue performance,” said Stephen J. Donaghy, Chief Executive Officer. “Our net loss ratio continues to improve and new business trends are solid, including 8% growth in policies in force.”

“Subsequent to quarter end, Hurricane Isaias made landfall near Destin in the western Florida Panhandle as a Category 2 hurricane before quickly weakening as it moved inland. Our claims team responded immediately, deploying field adjusters to affected communities and working directly with policyholders to expedite inspections and claims payments. Our priority remains helping our customers recover and return to normal as quickly as possible. While we recognize the challenges this storm has created for those impacted, claims activity to date has been less significant than initially anticipated.”

1

Summary Financial Results

($ in thousands, except per share data)Three Months Ended September 30,Nine Months Ended September 30,

20262025Change20262025Change

GAAP comparison

Total revenues$439,319 $400,981 9.6 %$1,259,917 $1,195,989 5.3 %

Operating income$72,229 $54,380 32.8 %$227,126 $159,442 42.5 %

Operating income margin16.4 %13.6 %2.8 pts18.0 %13.3 %4.7 pts

Net income available to common stockholders$52,506 $39,827 31.8 %$165,980 $116,354 42.7 %

Diluted earnings per common share$1.80 $1.38 30.4 %$5.73 $4.03 42.2 %

Annualized ROCE32.7 %33.4 %(0.7) pts37.0 %35.7 %1.3 pts

Book value per share, end of period$23.37 $17.65 32.4 %$23.37 $17.65 32.4 %

Non-GAAP comparison1

Core revenue$444,310 $400,030 11.1 %$1,261,848 $1,195,823 5.5 %

Adjusted operating income$77,220 $53,429 44.5 %$229,057 $159,276 43.8 %

Adjusted operating income margin17.4 %13.4 %4.0  pts18.2 %13.3 %4.9 pts

Adjusted net income available to common stockholders$56,269 $39,110 43.9 %$167,436 $116,229 44.1 %

Adjusted diluted earnings per common share$1.93 $1.36 41.9 %$5.78 $4.02 43.8 %

Annualized adjusted ROCE32.3 %30.6 %1.7  pts34.5 %32.2 %2.3  pts

Adjusted book value per share, end of period$25.90 $18.74 38.2 %$25.90 $18.74 38.2 %

Underwriting Summary

Premiums:

Premiums in force$2,228,923 $2,135,237 4.4 %$2,228,923 $2,135,237 4.4 %

Policies in force953,611 883,888 7.9 %953,611 883,888 7.9 %

Direct premiums written$608,878 $592,774 2.7 %$1,736,739 $1,656,572 4.8 %

Direct premiums earned$556,724 $534,106 4.2 %$1,632,951 $1,570,788 4.0 %

Ceded premiums earned$(153,528)$(174,430)(12.0)%$(495,580)$(495,198)0.1 %

Ceded premium ratio27.6 %32.7 %(5.1) pts30.3 %31.5 %(1.2) pts

Net premiums earned$403,196 $359,676 12.1 %$1,137,371 $1,075,590 5.7 %

Net ratios:

Loss ratio64.6 %70.2 %(5.6) pts64.5 %71.0 %(6.5) pts

Expense ratio26.4 %26.2 %0.2  pts26.3 %25.4 %0.9  pts

Combined ratio91.0 %96.4 %(5.4) pts90.8 %96.4 %(5.6) pts

1 Reconciliation of non-GAAP to 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 common stockholders’ equity, with the denominator further excluding current period after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments.

2

Net Income and Adjusted Net Income

Net income available to common stockholders was $52.5 million, compared to net income of $39.8 million in the prior year quarter, and adjusted net income available to common stockholders was $56.3 million, compared to adjusted net income of $39.1 million in the prior year quarter. The higher adjusted net income available to common stockholders mostly stems from higher underwriting and net investment income.

Revenues

Revenue was $439.3 million, up 9.6% from the prior yea

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EX-99.1

2 a1q26uveex-991xearningspre.htm

EX-99.1

Document

Exhibit 99.1

Universal Reports First Quarter 2026 Results

•Diluted GAAP earnings per common share (EPS) of $1.88; diluted adjusted* EPS of $2.00

•Annualized return on average common equity (“ROCE”) of 38.2%, annualized adjusted* ROCE of 38.5%

•Direct premiums written of $506.5 million, up 8.5% from the prior year quarter

•Book value per share of $20.95, up 39.9% year-over-year; adjusted book value per share of $22.19, up 32.2% year-over-year

*Reconciliations of non-GAAP to GAAP financial measures are provided in the attached tables.

Fort Lauderdale, Fla., April 23, 2026 – Universal Insurance Holdings (NYSE: UVE) (“Universal” or the “Company”) reported first quarter 2026 results.

“We had a fantastic start to the year, with a 38.2% annualized return on common equity,” said Stephen J. Donaghy, Chief Executive Officer. “Our top-line results were strong, with growth across our multi-state footprint, including in Florida.”

“On a separate note, I'm pleased to announce the completion of our 2026-2027 reinsurance renewal for our insurance entities, as our program is now fully supported and secured. During the renewal process in 2026, we also secured $352 million of additional multi-year coverage, taking us through the 2027-2028 treaty period.”

1

Summary Financial Results

($ in thousands, except per share data) Three Months Ended March 31,

2026

2025 Change

GAAP comparison

Total revenues$393,565 $394,867 (0.3)%

Operating income (loss)$73,287 $57,068 28.4 %

Operating income (loss) margin18.6 %14.5 %4.1 pts

Net income (loss) available to common stockholders$54,288 $41,436 31.0 %

Diluted earnings (loss) per common share$1.88 $1.44 30.6 %

Annualized ROCE38.2 %41.7 %(3.5) pts

Book value per share, end of period$20.95 $14.98 39.9 %

Non-GAAP comparison1

Core revenue$398,162 $394,871 0.8 %

Adjusted operating income (loss)$77,884 $57,072 36.5 %

Adjusted operating income (loss) margin19.6 %14.5 %5.1  pts

Adjusted net income (loss) available to common stockholders$57,754 $41,439 39.4 %

Adjusted diluted earnings (loss) per common share$2.00 $1.44 38.9 %

Annualized adjusted ROCE38.5 %36.4 %2.1  pts

Adjusted book value per share, end of period$22.19 $16.79 32.2 %

Underwriting Summary

Premiums:

Premiums in force$2,178,427 $2,094,505 4.0 %

Policies in force915,306 864,817 5.8 %

Direct premiums written$506,547 $467,078 8.5 %

Direct premiums earned$531,421 $513,257 3.5 %

Ceded premiums earned$(174,519)$(157,536)10.8 %

Ceded premium ratio32.8 %30.7 %2.1  pts

Net premiums earned$356,902 $355,721 0.3 %

Net ratios:

Loss ratio63.9 %70.5 %(6.6) pts

Expense ratio25.8 %24.5 %1.3  pts

Combined ratio89.7 %95.0 %(5.3) pts

1 Reconciliation of non-GAAP to 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.

2

Net Income and Adjusted Net Income

Net income available to common stockholders was $54.3 million, compared to net income of $41.4 million in the prior year quarter, and adjusted net income available to common stockholders was $57.8 million, compared to adjusted net income of $41.4 million in the prior year quarter. The higher adjusted net income available to common stockholders mostly stems from a lower net loss ratio and higher net investment income.

Revenues

Revenue was $393.6 million, down 0.3% from the prior year quarter and core revenue was $398.2 million, up 0.8% from the prior year quarter. The increase in core revenue primarily stems from higher net investment income and net premiums earned.

Direct premiums written were $506.5 million, up 8.5% from the prior year quarter. The increase stems from 4.9% growth in Florida and 18.3% growth in other states. Overall growth mostly reflects higher policies in force and inflation adjustments across our multi-state footprint.

Direct premiums earned were $531.4 million, up 3.5% from the prior year quarter. The increase stems from direct premiums written growth over the past twelve months.

The ceded premium ratio was 32.8%, up from 30.7%, in the prior year quarter. The increase primarily reflects the purchase of additional reinsurance coverage relative to the prior year quarter.

Net premiums earned were $356.9 million, up 0