Universal Insurance: 4Q Earnings Snapshot

February 26, 2021 GMT

FORT LAUDERDALE, Fla. (AP) _ Universal Insurance Holdings Inc. (UVE) on Thursday reported a loss of $17.7 million in its fourth quarter.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had a loss of 57 cents. Losses, adjusted for non-recurring gains, came to 84 cents per share.

The property and casualty insurance company posted revenue of $273.1 million in the period.

For the year, the company reported profit of $19.1 million, or 60 cents per share. Revenue was reported as $1.07 billion.

Universal Insurance shares have fallen 8% since the beginning of the year. The stock has decreased 39% in the last 12 months.



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