A Business at a Glance
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UNIVERSAL INSURANCE HOLDINGS, INC.
UVE
$1.2B
Mkt Cap
$41.61
+10.43%
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a current P/E ratio of 6.6, compared to its historical median P/E of 8.6. The stock is currently considered Fair based on its historical valuation range.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a 5-year average return on invested capital (ROIC) of 12.1%. This indicates solid capital allocation.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) pays a dividend with a trailing twelve-month yield of 1.91%. The company also returns capital through share buybacks, with a buyback yield of 2.54%.
Based on historical P/E analysis, UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) appears fair. The current P/E of 6.6 is 24% below its historical median of 8.6. The estimated fair value CAGR (P/E method) is 12.6%.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
Universal Insurance Holdings, Inc. (“UVE,” and together with its wholly-owned subsidiaries, “we,” “our,” “us,” or the “Company”) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and underwrite insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management, and distribution. Our primary insurance entities, Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC” and together with UPCIC, the “Insurance Entities”), offer insurance products through both our appointed independent agent network and our online distribution channels across our multi-state footprint (primarily in Florida).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.6B | 1.5B | 1.4B | 1.2B | 1.1B |
| Net Income | 196M | 183M | 59M | 67M | -22M | 20M |
| EPS | $7.00 | $6.32 | $2.01 | $2.22 | $-0.72 | $0.65 |
| Free Cash Flow | 345M | 377M | 130M | 67M | 320M | 227M |
| ROIC | 0.0% | 32.5% | 12.8% | 16.0% | -4.8% | 4.1% |
| Gross Margin | - | 15.6% | 6.0% | 6.8% | -1.7% | 2.6% |
| Debt/Equity | 0.17 | 0.18 | 0.27 | 0.30 | 0.37 | 0.24 |
| Dividends/Share | $0.80 | $0.77 | $0.77 | $0.77 | $0.77 | $0.77 |
| Operating Income | 0 | 243M | 85M | 88M | -27M | 28M |
| Operating Margin | 0.0% | 15.2% | 5.6% | 6.3% | -2.2% | 2.5% |
| ROE | 33.5% | 39.6% | 16.5% | 21.2% | -6.2% | 4.6% |
| Shares Outstanding | 28M | 29M | 29M | 30M | 31M | 31M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 369M | 547M | 685M | 752M | 824M | 939M | 1.1B | 1.1B | 1.2B | 1.4B | 1.5B | 1.6B | 1.6B |
| Gross Margin | 34.6% | 32.0% | 23.8% | 22.7% | 18.6% | 6.8% | 2.3% | 2.6% | -1.7% | 6.8% | 6.0% | 15.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 118M | 184M | 221M | 231M | 256M | 272M | 290M | 314M | 305M | 304M | 342M | N/A | N/A |
| EBIT | 128M | 175M | 163M | 170M | 153M | 64M | 24M | 28M | -27M | 88M | 85M | 243M | 0 |
| Op. Margin | 34.6% | 32.0% | 23.8% | 22.7% | 18.6% | 6.8% | 2.3% | 2.5% | -2.2% | 6.3% | 5.6% | 15.2% | 0.0% |
| Net Income | 73M | 106M | 99M | 107M | 117M | 47M | 19M | 20M | -22M | 67M | 59M | 183M | 196M |
| Net Margin | 19.8% | 19.5% | 14.5% | 14.2% | 14.2% | 5.0% | 1.8% | 1.8% | -1.8% | 4.8% | 3.9% | 11.4% | 12.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 32.9% | 38.9% | 28.3% | 25.5% | 24.2% | 9.2% | 4.0% | 4.1% | -4.8% | 16.0% | 12.8% | 32.5% | 0.0% |
| ROE | 38.9% | 43.2% | 29.9% | 26.4% | 24.9% | 9.3% | 4.0% | 4.6% | -6.2% | 21.2% | 16.5% | 39.6% | 33.5% |
| ROA | 8.0% | 11.2% | 9.7% | 8.5% | 7.1% | 2.6% | 1.1% | 1.1% | -0.9% | 2.6% | 2.3% | 6.4% | 7.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 123M | 219M | 121M | 245M | 230M | 85M | 29M | 234M | 325M | 71M | 137M | 381M | 350M |
| Free Cash Flow | 114M | 207M | 113M | 240M | 223M | 73M | 12M | 227M | 320M | 67M | 130M | 377M | 345M |
| Owner Earnings | 110M | 200M | 103M | 224M | 213M | 67M | 16M | 222M | 313M | 61M | 123M | 367M | 301M |
| CapEx | 9.3M | 12M | 8.2M | 4.6M | 6.7M | 11M | 17M | 7.2M | 4.9M | 4.0M | 7.4M | 4.4M | 4.8M |
| Maint. CapEx | 1.2M | 1.9M | 8.5M | 11M | 4.4M | 4.5M | 4.7M | 6.6M | 7.1M | 7.1M | 6.2M | 6.3M | 39M |
| Growth CapEx | 8.1M | 10.0M | 0 | 0 | 2.3M | 6.8M | 13M | 626K | 0 | 0 | 1.2M | 0 | 0 |
| D&A | 1.2M | 1.9M | 8.5M | 11M | 4.4M | 4.5M | 4.7M | 6.6M | 7.1M | 7.1M | 6.2M | 6.3M | 39M |
| CapEx/OCF | 7.5% | 5.4% | 6.8% | 1.9% | 2.9% | 13.4% | 58.7% | 3.1% | 1.5% | 5.7% | 5.4% | 1.2% | 1.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 19M | 22M | 24M | 24M | 26M | 26M | 25M | 24M | 24M | 23M | 22M | 22M | 22M |
| Dividend Yield | 6.0% | 3.6% | 4.7% | 3.8% | 2.6% | 3.4% | 5.5% | 6.6% | 7.2% | 5.6% | 4.1% | 3.0% | 1.9% |
| Share Buybacks | 30M | 19M | 8.5M | 18M | 25M | 66M | 29M | 1.6M | 12M | 22M | 22M | 22M | 30M |
| Buyback Yield | 6.3% | 3.2% | 1.2% | 2.6% | 2.5% | 9.1% | 7.7% | 0.4% | 4.0% | 4.9% | 3.7% | 2.3% | 2.5% |
| Stock-Based Comp | 12M | 17M | 10M | 11M | 13M | 13M | 8.7M | 5.8M | 4.7M | 2.9M | 8.1M | 8.7M | 9.1M |
| Debt Repayment | 7.5M | 8.5M | 2.1M | 2.2M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M |
| Balance Sheet | |||||||||||||
| Net Debt | -135M | -198M | -96M | -211M | -975M | -1.0B | -979M | -1.2B | -1.3B | -1.4B | -1.4B | -1.7B | -1.9B |
| Cash & Equiv. | 115M | 197M | 106M | 213M | 166M | 182M | 167M | 251M | 389M | 397M | 259M | 409M | 2.0B |
| Long-Term Debt | 31M | 24M | 15M | 13M | 11M | 0 | 8.5M | 104M | 103M | 102M | 101M | 100M | 100M |
| Debt/Equity | 0.15 | 0.08 | 0.04 | 0.03 | 0.02 | 0.00 | 0.02 | 0.24 | 0.37 | 0.30 | 0.27 | 0.18 | 0.17 |
| Interest Coverage | 85.1 | 175.0 | 407.2 | 568.3 | 509.6 | 261.4 | 255.1 | 44.5 | -4.1 | 13.5 | 13.1 | 37.8 | 37.8 |
| Equity | 200M | 293M | 371M | 440M | 502M | 494M | 449M | 430M | 288M | 341M | 373M | 551M | 585M |
| Total Assets | 912M | 994M | 1.1B | 1.5B | 1.9B | 1.7B | 1.8B | 2.1B | 2.9B | 2.3B | 2.8B | 2.8B | 2.8B |
| Total Liabilities | 693M | 700M | 689M | 1.0B | 1.4B | 1.2B | 1.3B | 1.6B | 2.6B | 2.0B | 2.5B | 2.3B | 2.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 222M | 307M | 382M | 465M | 553M | 574M | 568M | 564M | 517M | 561M | 597M | 757M | 807M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.08 | 2.97 | 2.79 | 2.99 | 3.27 | 1.36 | 0.60 | 0.65 | -0.72 | 2.22 | 2.01 | 6.32 | 7.00 |
| Owner EPS | 3.13 | 5.58 | 2.88 | 6.25 | 5.95 | 1.96 | 0.50 | 7.07 | 10.11 | 2.03 | 4.20 | 12.66 | 10.78 |
| Book Value | 5.70 | 8.18 | 10.42 | 12.30 | 14.02 | 14.44 | 14.12 | 13.69 | 9.31 | 11.34 | 12.73 | 19.04 | 20.95 |
| Cash Flow/Share | 3.52 | 6.12 | 3.41 | 6.85 | 6.43 | 2.47 | 0.92 | 7.47 | 10.49 | 2.36 | 4.69 | 13.18 | 8.43 |
| Dividends/Share | 0.55 | 0.63 | 0.69 | 0.69 | 0.73 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.77 | 0.80 |
| Shares Out. | 35.1M | 35.8M | 35.6M | 35.8M | 35.8M | 34.2M | 31.8M | 31.4M | 30.9M | 30.1M | 29.3M | 28.9M | 27.9M |
| Valuation | |||||||||||||
| P/E Ratio | 6.4 | 5.4 | 7.1 | 6.6 | 8.6 | 15.6 | 19.6 | 21.6 | N/A | 6.7 | 10.0 | 5.4 | 5.9 |
| P/FCF | 4.1 | 2.8 | 6.2 | 2.9 | 4.5 | 9.9 | 30.9 | 1.9 | 0.9 | 6.7 | 4.5 | 2.6 | 3.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.4 | 2.0 | 1.9 | 1.6 | 2.0 | 1.5 | 0.8 | 1.0 | 1.0 | 1.3 | 1.6 | 1.8 | 2.0 |
| Price/Sales | 0.9 | 1.1 | 0.7 | 0.8 | 1.2 | 0.8 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.7 |
| FCF Yield | 24.3% | 35.9% | 16.1% | 34.0% | 22.1% | 10.1% | 3.2% | 51.5% | 110.7% | 14.9% | 22.1% | 38.5% | 29.7% |
| Market Cap | 470M | 578M | 703M | 707M | 1.0B | 728M | 375M | 441M | 289M | 450M | 587M | 979M | 1.2B |
| Avg. Price | 9.13 | 17.35 | 14.34 | 17.57 | 27.56 | 22.69 | 14.01 | 11.69 | 10.71 | 13.81 | 18.67 | 25.21 | 41.61 |
| Year-End Price | 13.39 | 16.13 | 19.73 | 19.76 | 28.18 | 21.28 | 11.79 | 14.06 | 9.34 | 14.96 | 20.02 | 33.82 | 41.61 |
UNIVERSAL INSURANCE HOLDINGS, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
UNIVERSAL INSURANCE HOLDINGS, INC. trades at 6.6x trailing earnings, compared to its 15-year median P/E of 8.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 3.1x vs a median of 4.5x. The company's 5-year average ROIC is 12.1% with a gross margin of 5.9%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +23.4%.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a net profit margin of 11.4%. This is a healthy margin.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) generated $377 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a debt-to-equity ratio of 0.18. This indicates a conservatively financed balance sheet.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) reported earnings per share (EPS) of $6.32 in its most recent fiscal year.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a return on equity (ROE) of 39.6%. This indicates the company generates strong returns for shareholders.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a 5-year average gross margin of 5.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for UNIVERSAL INSURANCE HOLDINGS, INC. (UVE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) has a book value per share of $19.04, based on its most recent annual SEC filing.