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    Universal Insurance (UVE)

    Market Price (11/12/2026): $48.17 | Market Cap: $1.3 BilSector: Financials | Industry: Property & Casualty Insurance

    Universal Insurance (UVE)

    Market Price (11/12/2026): $48.17
    Market Cap: $1.3 Bil
    Sector: Financials
    Industry: Property & Casualty Insurance

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 19%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 27%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

    Low stock price volatility
    Vol 12M is 36%

    Megatrend and thematic drivers
    Megatrends include Climate Resilience & Risk Management. Themes include Catastrophe Risk Modeling, Climate-Adjusted Underwriting, and Property Hardening & Mitigation.

    Trading close to highs
    Dist 52W High is -1.8%, Dist 3Y High is -1.8%

    Key risks
    UVE key risks include [1] significant exposure to catastrophic losses due to its heavy geographic concentration in the hurricane-prone Florida market and [2] volatile reinsurance costs required to manage this exposure.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 19%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 27%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -50%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
    3 Low stock price volatility
    Vol 12M is 36%
    4 Megatrend and thematic drivers
    Megatrends include Climate Resilience & Risk Management. Themes include Catastrophe Risk Modeling, Climate-Adjusted Underwriting, and Property Hardening & Mitigation.
    5 Trading close to highs
    Dist 52W High is -1.8%, Dist 3Y High is -1.8%
    6 Key risks
    UVE key risks include [1] significant exposure to catastrophic losses due to its heavy geographic concentration in the hurricane-prone Florida market and [2] volatile reinsurance costs required to manage this exposure.

    UVE in ETFs

    Weight = UVE's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.04%
    AVUV0.15%
    IWN0.08%
    VTWO0.04%
    DFAS0.03%
    SCHA0.03%
    +3 more covered ETFs

    Valuation & Metrics

    FYE: 12/31UVE [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$1.7 Bil—
    FY 2026 Sales$2.2 Bil—
    FY 2027 Sales$2.2 Bil—
    FY 2026 Sales Growth32.6%—
    FY 2027 Sales Growth0.0%8.6%
    EARNINGS
    LTM Net Income (GAAP) [3]$232.6 Mil—
    FY 2026 Net Income (Non-GAAP)$176.3 Mil—
    FY 2027 Net Income (Non-GAAP)$152.7 Mil—
    FY 2027 Net Income Growth-13.4%12.7%
    FY 2026 EPS (Non-GAAP)$6.12—
    FY 2027 EPS (Non-GAAP)$5.30—
    FY 2027 EPS Growth-13.5%—
    VALUATION
    FY 2026 P/S0.61.7
    FY 2027 P/S0.6—
    FY 2026 P/E7.68.8
    FY 2027 P/E8.7—

    [1] UVE forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    UVES&P 500
    REVENUE GROWTHFAIR
    Rev LTM ($ Bil)1.7
    Rev Chg Q9.6%8.8%
    Rev Chg LTM5.5%8.7%
    Rev Chg 3Y Avg7.4%6.5%
    PROFITABILITYFAIR
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.4
    Net Inc LTM ($ Bil)0.2
    CFO/Rev LTM21.9%21.4%
    Net Inc Mgn13.9%13.5%
    VALUATIONVERY LOW
    P/S0.83.2
    P/CFO3.615.3
    P/FCF3.720.5
    P/E5.721.8

    AI Analysis | Feedback

    MetricValueDateSource
    Direct Premiums Written592.8 million9302025Link
    Net Combined Ratio96.4%9302025Link
    Policies in Force883,8889302025Link

    Price Chart

    Recent
    10/22/2026Earnings ReleaseRev: $444 Mil (A) vs. $601 Mil (E)
    EPS: 1.93 (A) vs. $1.57 (E)
    Upcoming
    12/04/2026DividendAmount: $0.29
    Payment On: 12/11/2026
    2/23/2027Earnings ReleaseRev: $474 Mil (E)
    EPS: $0.36 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Prices as of 11/11/2026

    Up 72.0% from its Jan 23 low to Nov 2 (S&P 500 up 9.7%)
    The run was driven by the company consistently beating quarterly earnings and revenue estimates. Key drivers included strong results reported on February 24, April 24, and July 24, 2026.

    Oct 23: up 0.9% the day after its Oct 22 earnings report (S&P 500 down 0.5%)
    The stock moved little despite reporting Q3 earnings and revenue that beat estimates, showing significant growth in net income and EPS. The market's decline that day likely offset the positive company news.

    Show more
    Prices as of 11/11/2026

    Up 72.0% from its Jan 23 low to Nov 2 (S&P 500 up 9.7%)
    The run was driven by the company consistently beating quarterly earnings and revenue estimates. Key drivers included strong results reported on February 24, April 24, and July 24, 2026.

    Oct 23: up 0.9% the day after its Oct 22 earnings report (S&P 500 down 0.5%)
    The stock moved little despite reporting Q3 earnings and revenue that beat estimates, showing significant growth in net income and EPS. The market's decline that day likely offset the positive company news.

    Show less
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    Stock Movement Drivers

    Fundamental Drivers

    The 10.1% change in UVE stock from 7/31/2026 to 11/11/2026 was primarily driven by a 4.1% change in the company's P/E Multiple.
    (LTM values as of)731202611112026Change
    Stock Price ($)43.7148.1310.1%
    Change Contribution By: 
    Total Revenues ($ Mil)1,6301,6682.4%
    Net Income Margin (%)13.5%13.9%3.3%
    P/E Multiple5.55.74.1%
    Shares Outstanding (Mil)28280.0%
    Cumulative Contribution10.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2026 to 11/11/2026
    ReturnCorrelation
    UVE10.1% 
    Market (SPY)1.7%-5.1%
    Sector (XLF)3.0%28.1%

    Fundamental Drivers

    The 22.4% change in UVE stock from 4/30/2026 to 11/11/2026 was primarily driven by a 14.1% change in the company's Net Income Margin (%).
    (LTM values as of)430202611112026Change
    Stock Price ($)39.3348.1322.4%
    Change Contribution By: 
    Total Revenues ($ Mil)1,6031,6684.1%
    Net Income Margin (%)12.2%13.9%14.1%
    P/E Multiple5.65.72.9%
    Shares Outstanding (Mil)28280.2%
    Cumulative Contribution22.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 11/11/2026
    ReturnCorrelation
    UVE22.4% 
    Market (SPY)6.0%-19.9%
    Sector (XLF)12.9%23.5%

    Fundamental Drivers

    The 59.5% change in UVE stock from 10/31/2025 to 11/11/2026 was primarily driven by a 80.1% change in the company's Net Income Margin (%).
    (LTM values as of)1031202511112026Change
    Stock Price ($)30.1748.1359.5%
    Change Contribution By: 
    Total Revenues ($ Mil)1,5811,6685.5%
    Net Income Margin (%)7.7%13.9%80.1%
    P/E Multiple6.95.7-16.8%
    Shares Outstanding (Mil)28280.9%
    Cumulative Contribution59.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2025 to 11/11/2026
    ReturnCorrelation
    UVE59.5% 
    Market (SPY)12.3%-4.4%
    Sector (XLF)13.3%20.6%

    Fundamental Drivers

    The 238.5% change in UVE stock from 10/31/2023 to 11/11/2026 was primarily driven by a 161.0% change in the company's Net Income Margin (%).
    (LTM values as of)1031202311112026Change
    Stock Price ($)14.2248.13238.5%
    Change Contribution By: 
    Total Revenues ($ Mil)1,3461,66823.9%
    Net Income Margin (%)5.3%13.9%161.0%
    P/E Multiple5.95.7-2.4%
    Shares Outstanding (Mil)30287.3%
    Cumulative Contribution238.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2023 to 11/11/2026
    ReturnCorrelation
    UVE238.5% 
    Market (SPY)87.9%14.4%
    Sector (XLF)89.1%31.0%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    UVE Return18%-34%58%37%65%44%306%
    Peers Return1%-34%232%45%54%8%433%
    S&P 500 Return27%-19%24%23%16%10%100%

    Monthly Win Rates [3]
    UVE Win Rate58%50%58%67%83%45% 
    Peers Win Rate50%40%70%55%58%47% 
    S&P 500 Win Rate75%42%67%75%67%36% 

    Max Drawdowns [4]
    UVE Max Drawdown-22%-54%-38%-26%-19%-15% 
    Peers Max Drawdown-43%-59%-33%-29%-21%-23% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: HCI, HRTG, ACIC, DGICA, UFCS.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 11/11/2026 (YTD)

    How Low Can It Go

    EventUVES&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-22.5%-9.5%
      % Gain to Breakeven29.0%10.5%
      Time to Breakeven55 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-47.7%-24.5%
      % Gain to Breakeven91.3%32.4%
      Time to Breakeven143 days427 days
    2020 COVID-19 Crash
      % Loss-35.0%-33.7%
      % Gain to Breakeven53.7%50.9%
      Time to Breakeven1435 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-24.5%-19.2%
      % Gain to Breakeven32.5%23.8%
      Time to Breakeven2625 days105 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-23.2%-3.7%
      % Gain to Breakeven30.2%3.9%
      Time to Breakeven15 days6 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-43.4%-12.2%
      % Gain to Breakeven76.7%13.9%
      Time to Breakeven313 days62 days

    Compare to HCI, HRTG, ACIC, DGICA, UFCS

    In The Past

    Universal Insurance's stock fell -4.0% during the 2025 US Tariff Shock. Such a loss loss requires a 4.2% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventUVES&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-22.5%-9.5%
      % Gain to Breakeven29.0%10.5%
      Time to Breakeven55 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-47.7%-24.5%
      % Gain to Breakeven91.3%32.4%
      Time to Breakeven143 days427 days
    2020 COVID-19 Crash
      % Loss-35.0%-33.7%
      % Gain to Breakeven53.7%50.9%
      Time to Breakeven1435 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-24.5%-19.2%
      % Gain to Breakeven32.5%23.8%
      Time to Breakeven2625 days105 days
    2016-2017 Trump Reflation Bond Selloff
      % Loss-23.2%-3.7%
      % Gain to Breakeven30.2%3.9%
      Time to Breakeven15 days6 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-43.4%-12.2%
      % Gain to Breakeven76.7%13.9%
      Time to Breakeven313 days62 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-21.7%-17.9%
      % Gain to Breakeven27.7%21.8%
      Time to Breakeven470 days123 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-20.9%-15.4%
      % Gain to Breakeven26.4%18.2%
      Time to Breakeven103 days125 days
    2008-2009 Global Financial Crisis
      % Loss-74.2%-53.4%
      % Gain to Breakeven287.1%114.4%
      Time to Breakeven390 days1085 days
    Summer 2007 Credit Crunch
      % Loss-21.1%-8.6%
      % Gain to Breakeven26.7%9.5%
      Time to Breakeven43 days47 days

    Compare to HCI, HRTG, ACIC, DGICA, UFCS

    In The Past

    Universal Insurance's stock fell -4.0% during the 2025 US Tariff Shock. Such a loss loss requires a 4.2% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Universal Insurance (UVE)

    Universal Insurance Holdings, Inc. (UVE) is an integrated insurance holding company that operates within the United States. The company's core business revolves around developing, marketing, and underwriting a comprehensive range of personal residential insurance products for consumers.

    UVE's main product offerings include insurance policies for homeowners, renters/tenants, condo unit owners, and dwelling/fire, along with allied lines, coverage for other structures, personal property, liability, and personal articles. Beyond direct insurance underwriting, the company provides vital support services such as actuarial advising, distribution oversight, claims administration, policy administration, underwriting, and reinsurance negotiation and management. UVE also runs Clovered.com, an online platform where consumers can compare insurance quotes from various carriers and access educational content.

    The primary customers for Universal Insurance are individuals seeking personal residential coverage, specifically homeowners, renters, and condo unit owners across the United States. The company distributes its products through a dual channel approach: a network of independent insurance agents and its direct-to-consumer online platform, Universal Direct. This platform enables homeowners to directly purchase, pay for, and bind policies online.

    AI Analysis | Feedback

    A State Farm or Allstate specialized in residential insurance.

    Imagine Progressive for home insurance, but also owning an online comparison site similar to Kayak.com for insurance policies.

    AI Analysis | Feedback

    • Personal Residential Insurance Products: Underwrites and markets various insurance policies for personal homes, including homeowners, renters/tenants, condo unit owners, and dwelling/fire, along with allied coverages like personal property and liability.
    • Insurance Management Services: Provides a range of services supporting insurance operations, such as actuarial advising, claims administration, policy underwriting, and assistance with reinsurance negotiations.
    • Reinsurance Placement and Management: Places and manages reinsurance programs specifically for insurance entities.
    • Clovered.com Online Platform: Operates a digital platform offering consumers comparative insurance quotes from multiple carriers and educational resources on homeowners' insurance.

    AI Analysis | Feedback

    ```html

    Universal Insurance Holdings, Inc. (UVE) primarily sells its insurance products to individuals. Based on the company description, its major customer categories include:

    • Homeowners (including those seeking dwelling/fire policies)
    • Renters/Tenants
    • Condo Unit Owners
    ```

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Universal Insurance Holdings, Inc. (UVE) Management Team:

    Stephen J. Donaghy, Chief Executive Officer and Director

    Mr. Donaghy has served as the Chief Executive Officer of Universal Insurance Holdings, Inc. since July 2019. Prior to this role, he held several key senior leadership positions within the company, including Chief Operating Officer (March 2016 to July 2019), Chief Marketing Officer (starting January 2015), Chief Administrative Officer (2013 to June 2015), Chief Information Officer (2009 to 2013), and Executive Vice President (2006 to 2009). Before joining Universal Insurance Holdings, Mr. Donaghy held various executive positions at JM Family Enterprises, a private company, where his roles included Vice President of Strategic Initiatives, Vice President of Sales and Marketing, and Senior Information Officer.

    Frank C. Wilcox, Chief Financial Officer

    Mr. Wilcox became the Chief Financial Officer and Principal Accounting Officer of Universal Insurance Holdings, Inc. and its wholly-owned insurance subsidiaries in 2013. Before becoming CFO, he served as the company's Vice President of Finance starting in 2011. From 2006 to 2011, Mr. Wilcox was the Director of Consolidation and SEC Reporting at Burger King Corporation. Prior to that, from 2000 to 2006, he held the position of Senior Vice President, Controller at BankUnited. Earlier in his career, he worked in various capacities within the financial services industry, including a role as an auditor at a large public accounting firm. He has been a licensed Certified Public Accountant in New York since 1996.

    Kimberly D. Campos, Director, Chief Administrative Officer and Chief Information Officer

    Ms. Campos joined Universal Insurance Holdings, Inc. in 2007. She was appointed Chief Administrative Officer in June 2015 and Chief Information Officer in February 2015. Before assuming these executive roles, Ms. Campos spent eight years within the company's IT department, where she served as both an IT Manager and later as an IT Audit Director. Prior to joining Universal, Ms. Campos supervised audit and assurance engagements for Fortune 500 clients in the financial services industry, both domestically and internationally, as part of the systems and process assurance practice at PricewaterhouseCoopers (PwC). She has been licensed as a Certified Information Security Auditor (CISA) and Certified in Risk and Information Security Controls (CRISC) since December 2007.

    Sean P. Downes, Executive Chairman

    Mr. Downes transitioned to the role of Executive Chairman of the Board for Universal Insurance Holdings, Inc. on July 15, 2019. This appointment followed 20 years as an executive with the company, including six years as its Chairman and Chief Executive Officer.

    Gary L. Ropiecki, Secretary and Principal Accounting Officer

    Mr. Ropiecki was promoted to Principal Accounting Officer in March 2022 and also serves as the company's Secretary. Previously, he held the position of Senior Vice President and Corporate Controller at Universal. Mr. Ropiecki began his career at Deloitte and has since held roles at Hannover Re, Torus Insurance, KPMG, and E&Y. He is a graduate of New York University and is a licensed CPA and CGMA.

    AI Analysis | Feedback

    The key risks to Universal Insurance Holdings, Inc. (UVE) are primarily concentrated around its significant exposure to the Florida property insurance market.

    1. Catastrophe Risk and Reinsurance Costs: Universal Insurance Holdings faces substantial exposure to hurricanes and severe weather events, particularly given that 72.6% of its 2025 direct premiums written originated in Florida. Florida's susceptibility to such catastrophes can lead to significant losses for the company. To mitigate this concentrated risk, UVE relies heavily on reinsurance, which, while crucial, constitutes a substantial expense, projected at approximately 33.0% of the estimated direct earned premium for the 2024-2025 treaty period. The hardening of the reinsurance market could further increase these costs or reduce the availability of coverage, thereby impacting profitability and financial stability.
    2. Florida's Litigious Environment and Fraud: The company operates within Florida's historically litigious environment, which is characterized by a disproportionately high number of property insurance lawsuits and prevalent fraud schemes, particularly related to roof repairs. These factors contribute significantly to increased legal costs for insurers and ultimately drive up premiums for homeowners. Despite legislative reforms aimed at addressing these issues, the challenges persist.
    3. Market Competition and Regulatory Landscape: Universal Insurance Holdings operates in a highly competitive Florida insurance market. The entry of new insurers, alongside competition from national carriers and the state-backed Citizens Property Insurance Corporation, can exert pressure on UVE's market share and pricing power. Furthermore, regulatory changes within Florida's insurance sector, while intended to stabilize the market, can introduce uncertainties and operational challenges for the company.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    The addressable markets for Universal Insurance (UVE)'s main products and services in the United States are as follows:

    • Homeowners Insurance: The United States homeowners insurance market is projected to be USD 175.60 billion in 2025.
    • Dwelling/Fire Insurance: The U.S. fire insurance market size was USD 27.60 billion in 2024.
    • Renters/Tenants Insurance: null
    • Condo Unit Owners Insurance: null

    AI Analysis | Feedback

    Universal Insurance (UVE) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

    1. Geographic Diversification and Multi-state Expansion: The company is actively pursuing a strategy to expand its operations beyond its historical concentration in Florida into other states. This aims to diversify its policy base, access new customer segments, and mitigate risks associated with regional catastrophic events. Direct premiums written in states outside Florida have shown significant growth.

    2. Disciplined Underwriting and Favorable Rate Environment: Universal Insurance is benefiting from improved underwriting results, leading to a lower net loss ratio and enhanced profitability. This, coupled with the ability to implement higher rates and adjust for inflation across its multi-state footprint, is contributing to increased net premiums earned.

    3. Stabilization of the Florida Insurance Market: Legislative reforms in Florida have led to a stabilization of the state's insurance market. This improved environment is enhancing Universal Insurance's competitive position and strengthening its reserves, creating a more favorable and predictable operating landscape for growth in its core market.

    AI Analysis | Feedback

    Share Repurchases

    • Universal Insurance Holdings' Board of Directors authorized a new share repurchase program on January 7, 2026, allowing the company to buy back up to $20 million of its outstanding common stock through January 8, 2028.
    • In the fourth quarter of 2025, the company repurchased approximately 210,000 shares at a cost of $6.9 million.
    • The company completed a $19.8 million share repurchase under its 2025 program.

    Inbound Investments

    • American Century Companies Inc. increased its stake in Universal Insurance by 11.3% in Q3, holding 843,059 shares valued at approximately $22.17 million.
    • As of March 2026, 66.61% of Universal Insurance Holdings' stock is owned by hedge funds and other institutional investors.

    Capital Expenditures

    • Capital expenditures for Universal Insurance Holdings were -$4.44 million in the last 12 months (prior to March 2026).
    • Annual capital expenditures were $4.40 million in 2025, $7.26 million in 2024, $3.98 million in 2023, $4.80 million in 2022, and $7.06 million in 2021.

    Peer Outperformance in Property & Casualty Insurance

    UVE has outperformed 93% of its 41 Property & Casualty Insurance peers over 5Y. Property & Casualty Insurance ranks 6th of 18 industries in Financials by median 5Y return.
    Share of Property & Casualty Insurance constituents that UVE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    85%
    of 46 industry peers · 40.5% return
    3Y
    86%
    of 42 industry peers · 225.0% return
    5Y
    93%
    of 41 industry peers · 279.2% return
    No Property & Casualty Insurance peer with a comparable growth profile has beaten UVE by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Property & Casualty Insurance is UVE's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 33.6%69.0%118.3% SPNT 191% · RGA 170% · RNR 135%
    Diversified Banks 12 31.0%143.6%92.5% CM 148% · JPM 132% · RY 130%
    Investment Banking & Brokerage 13 -3.3%95.3%89.6% IBKR 363% · SNEX 173% · GS 160%
    Life & Health Insurance 20 11.8%56.7%84.2% JXN 438% · UNM 259% · FG 230%
    Multi-Sector Holdings 3 10.7%60.4%72.2% BRK-B 107% · VOYA 72% · JEF 36%
    Property & Casualty Insurance ← 42 14.3%73.2%66.0% TRV 178% · ACGL 177% · PGR 172%
    Multi-line Insurance 9 9.8%75.3%61.9% AIZ 119% · GNW 101% · L 97%
    Regional Banks 262 29.9%93.8%48.9% CBC 278% · FCNCA 179% · NIC 140%
    Insurance Brokers 15 3.8%9.1%27.2% LIFE 336% · ARX 89% · WTW 55%
    Financial Exchanges & Data 15 17.7%33.3%17.9% CBOE 205% · VIRT 156% · CME 75%
    Asset Management & Custody Banks 84 -6.1%20.5%11.1% VCTR 268% · WT 242% · AAMI 221%
    Diversified Financial Services 4 -6.9%19.3%9.0% FRHC 137% · EQH 83%
    Commercial & Residential Mortgage Finance 14 -44.9%15.6%0.9% FNMA 343% · FMCC 296% · ACT 164%
    Consumer Finance 30 -0.5%79.8%0.1% ENVA 314% · FCFS 127% · AXP 90%
    Specialized Finance 3 16.8%27.8%-19.0% HASI -19% · CACC -24%
    Transaction & Payment Processing Services 17 19.1%9.8%-25.8% V 110% · CPAY 93% · MA 92%
    Mortgage REITs 34 -20.2%-11.1%-41.0% RITM 34% · DX 14% · AGNC 7%
    Diversified Capital Markets 19 -40.7%-3.9%-60.4% LPLA 87% · TW 40% · RIOT -54%
    Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

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    AOSLAlpha & Omega Semiconductor0.945.8%55.8%
    ONTOnterris0.845.5%-5.5%
    FRVOFervo Energy2.045.4%-64.6%
    BKSYBlackSky Technology0.943.7%28.5%
    WRBYWarby Parker3.741.6%38.4%
    ARDTArdent Health2.640.0%106.0%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    VCYTVeracyte2.0-52.2%-40.4%
    MNTNMNTN0.4-52.0%-58.3%
    STLNStarling Oncology0.4-39.5%-18.8%
    PAYSPaySign0.5-38.0%84.1%
    PRAAPRA0.5-36.2%-27.2%
    NRDSNerdwallet0.5-34.8%-43.2%
    NAVINavient0.6-34.7%-51.8%
    IRTCiRhythm2.9-33.8%-50.0%
    EMATEvolution Metals & Technologies0.8-33.8%-94.2%
    AGNTAGNT0.5-33.4%-67.6%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    LQDALiquidia4.9105.9%60.1%
    SGRYSurgery Partners3.483.2%72.6%
    REPLReplimune2.379.9%124.1%
    GDYNGrid Dynamics1.177.8%53.2%
    ONTOnterris0.876.7%-5.5%
    ULHUniversal Logistics0.874.8%104.0%
    VRDNViridian Therapeutics3.471.5%0.4%
    XNCRXencor3.069.9%161.1%
    UPBDUpbound1.564.0%54.0%
    AXGNAxogen3.262.1%79.1%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    AESIAtlas Energy Solutions0.7-52.9%-40.8%
    FRMIFermi1.2-51.3%-77.4%
    MNTNMNTN0.4-49.1%-58.3%
    IOVAIovance Biotherapeutics3.6-44.2%196.3%
    MPTMedical Properties Trust1.1-43.1%-62.2%
    AAOIApplied Optoelectronics4.6-42.9%60.2%
    PCTPureCycle Technologies0.4-41.9%-76.7%
    VCYTVeracyte2.0-41.8%-40.4%
    SGMLSigma Lithium0.6-40.7%-60.9%
    BXBLBOXABL5.9-39.5%-80.0%

    More From Trefis

    Research & Analysis

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    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    UVEHCIHRTGACICDGICAUFCSMedian
    NameUniversa.HCI Heritage.American.Donegal United F. 
    Mkt Price48.17190.1733.6010.1918.9351.1740.89
    Mkt Cap1.32.31.00.50.71.31.2
    Rev LTM1,6689818033109551,511968
    Op Inc LTM-------
    FCF LTM3604581846951309246
    FCF 3Y Avg28142317516060267221
    CFO LTM3654601907051312251
    CFO 3Y Avg28642618216060275228

    Growth & Margins

    UVEHCIHRTGACICDGICAUFCSMedian
    NameUniversa.HCI Heritage.American.Donegal United F. 
    Rev Chg LTM5.5%20.1%-1.0%-5.3%-3.4%11.6%2.2%
    Rev Chg 3Y Avg7.4%26.0%3.6%9.2%1.7%11.3%8.3%
    Rev Chg Q9.6%13.0%3.2%-21.8%-3.4%10.6%6.4%
    QoQ Delta Rev Chg LTM2.4%3.0%0.9%-6.0%-0.9%2.6%1.6%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM21.9%46.8%23.7%22.4%5.3%20.6%22.1%
    CFO/Rev 3Y Avg17.9%50.5%23.4%55.9%6.2%20.1%21.8%
    FCF/Rev LTM21.6%46.7%23.0%22.2%5.3%20.4%21.9%
    FCF/Rev 3Y Avg17.6%50.1%22.6%55.8%6.2%19.5%21.0%

    Valuation

    UVEHCIHRTGACICDGICAUFCSMedian
    NameUniversa.HCI Heritage.American.Donegal United F. 
    Mkt Cap1.32.31.00.50.71.31.2
    P/S0.82.41.21.50.70.91.1
    P/Op Inc-------
    P/EBIT4.24.73.43.88.27.14.5
    P/E5.77.04.65.510.29.66.4
    P/CFO3.65.05.36.913.84.25.1
    Total Yield19.2%15.1%21.6%25.7%13.7%11.9%17.1%
    Dividend Yield1.7%0.9%0.0%7.6%3.9%1.5%1.6%
    FCF Yield 3Y Avg34.0%25.4%31.6%30.5%9.6%32.6%31.1%
    D/E0.10.00.10.30.00.10.1
    Net D/E-0.5-0.3-0.6-0.5-0.6-0.9-0.6

    Returns

    UVEHCIHRTGACICDGICAUFCSMedian
    NameUniversa.HCI Heritage.American.Donegal United F. 
    1M Rtn4.0%-3.7%-5.0%0.6%4.9%-8.6%-1.6%
    3M Rtn14.0%3.8%1.9%3.7%2.6%-3.5%3.1%
    6M Rtn23.5%24.3%52.6%-5.1%13.5%6.0%18.5%
    12M Rtn40.7%2.5%13.8%-10.0%-0.0%42.2%8.1%
    3Y Rtn225.3%161.2%354.7%53.1%49.5%179.3%170.2%
    1M Excs Rtn6.0%-0.7%-3.6%-0.5%8.4%-4.6%-0.6%
    3M Excs Rtn17.2%5.9%4.6%8.0%5.6%-0.8%5.7%
    6M Excs Rtn22.4%23.2%51.6%-6.1%12.5%4.9%17.5%
    12M Excs Rtn32.2%-8.3%6.2%-19.6%-8.6%33.6%-1.1%
    3Y Excs Rtn162.8%143.7%303.7%-20.3%-23.5%103.4%123.5%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q4
    Period End9/30/20266/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/2023
    Filing Date10/29/20267/30/20264/29/20262/27/202610/30/20257/30/20254/30/20252/28/202510/30/20247/30/20244/30/20242/28/2024
    Key Financials Quarterly            
    Total Revenue439427394408401400395385388380368375
    Net Income535954674035416-16353420
    EPS1.902.141.962.401.431.251.480.21-0.571.241.170.69
    Key Financials TTM            
    Total Revenue TTM1,6681,6301,6031,6041,5811,5671,5471,5211,5111,4841,4431,392
    Net Income TTM23322019618312266675973837667
    Growth Rates Quarterly            
    Total Revenue Growth9.6%6.7%-0.3%6.0%3.5%5.2%7.3%2.5%7.6%12.0%16.3%13.7%
    Net Income Growth31.8%68.7%31.0%1006.5%346.4%-0.9%23.1%-69.9%-173.3%24.0%39.2%-20.4%
    Margins Quarterly            
    Net Income Margin12.0%13.9%13.8%16.3%9.9%8.8%10.5%1.6%-4.2%9.3%9.1%5.3%
    Cash & Debt            
    Total Cash7597047415725725635971,5294663964871,462
    Total Debt9798100100101101101101101102102102
    Net Debt / (Cash)-662-606-640-471-471-463-496-1,427-364-294-385-1,360
    Cash Flows Quarterly            
    Net Cash from Operations831011552662106187-1018373830
    Total CapEx-1-1-2-1-1-1-1-1-2-2-3-1
    Free Cash from Operations821001532561105186-102817280-1
    Cash Flows TTM            
    Net Cash from Operations TTM36534435038125427424113723922620471
    Total CapEx TTM-5-5-5-4-4-5-5-7-8-7-7-4
    Free Cash from Operations TTM36034034537725027023613023121919867
    Returns to Shareholders Quarterly            
    Dividends445845595559
    Share Repurchases757787-084554
    Return on Invested Capital (ROIC) Quarterly            
    ROIC------------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM------------
    Share Count            
    Basic Shares (Wtd Avg, Mil)27.627.627.727.627.928.028.128.228.428.628.929.1
    Diluted Shares (Wtd Avg, Mil)29.229.028.829.128.829.128.829.128.429.329.429.5

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Property and casualty insurer1,6041,5211,3921,2231,122
    Total1,6041,5211,3921,2231,122


    Operating Income by Segment
    $ Mil20052004
    Insurance91
    Online Commerce-0-0
    Corporate-3-1
    Total6-0


    Assets by Segment
    $ Mil20052004
    Insurance178115
    Corporate30
    Online Commerce00
    Total181116


    Price Behavior

    Price Behavior
    Market Price$48.13 
    Market Cap ($ Bil)1.3 
    First Trading Date06/06/2003 
    Distance from 52W High-1.8% 
       50 Days200 Days
    DMA Price$45.55$39.49
    DMA Trendupup
    Distance from DMA5.7%21.9%
     3M1YR
    Volatility24.8%35.5%
    Downside Capture-100.67-50.71
    Upside Capture-48.58-3.42
    Correlation (S&P 500)-5.3%-3.8%
    UVE Betas & Captures as of 10/31/2026

     1M2M3M6M1Y3Y
    Beta-1.08-0.54-0.45-0.76-0.190.35
    Up Beta-3.39-0.370.26-0.080.200.35
    Down Beta0.94-0.38-0.40-1.07-0.330.40
    Up Capture-57%-19%-33%-40%1%23%
    Bmk +ve Days12182862130427
    Stock +ve Days13233364132396
    Down Capture-294%-128%-121%-180%-107%25%
    Bmk -ve Days10253664121325
    Stock -ve Days9203162118350

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with UVE
    UVE42.4%35.5%1.04-
    Sector ETF (XLF)12.1%15.3%0.5320.1%
    Equity (SPY)12.5%13.7%0.60-4.5%
    Gold (GLD)-3.5%28.8%-0.13-16.1%
    Commodities (DBC)33.0%21.3%1.24-19.9%
    Real Estate (VNQ)11.7%14.2%0.5324.9%
    Bitcoin (BTCUSD)-30.9%43.5%-0.73-7.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with UVE
    UVE31.4%42.6%0.76-
    Sector ETF (XLF)9.5%18.4%0.3730.0%
    Equity (SPY)11.8%17.3%0.5119.5%
    Gold (GLD)17.1%19.2%0.72-2.9%
    Commodities (DBC)7.9%19.6%0.29-4.0%
    Real Estate (VNQ)1.3%18.9%-0.0423.2%
    Bitcoin (BTCUSD)3.1%51.5%0.246.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with UVE
    UVE12.8%41.0%0.43-
    Sector ETF (XLF)13.6%22.1%0.5542.4%
    Equity (SPY)15.5%18.0%0.7333.0%
    Gold (GLD)11.5%16.6%0.57-1.6%
    Commodities (DBC)7.4%18.2%0.336.5%
    Real Estate (VNQ)6.1%20.7%0.2532.9%
    Bitcoin (BTCUSD)58.6%66.3%0.997.9%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date10302026
    Short Interest: Shares Quantity1.0 Mil
    Short Interest: % Change Since 1015202616.8%
    Average Daily Volume0.2 Mil
    Days-to-Cover Short Interest4.4 days
    Basic Shares Quantity27.6 Mil
    Short % of Basic Shares3.8%

    Earnings Returns History

    Updated 11/1/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/22/20260.9%-1.7% 
    7/23/202610.4%16.7%12.7%
    4/23/202612.2%12.6%11.2%
    2/24/20262.5%12.8%7.6%
    10/23/202511.9%9.7%16.5%
    7/24/2025-7.4%-4.6%-0.1%
    4/24/20251.0%2.7%13.2%
    2/25/20259.3%5.5%11.6%
    ...
    SUMMARY STATS   
    # Positive141618
    # Negative974
    Median Positive7.7%9.6%11.4%
    Median Negative-4.2%-3.5%-10.9%
    Max Positive22.4%54.0%47.2%
    Max Negative-17.8%-16.8%-19.5%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/22/20260.9%-1.7% 
    7/23/202610.4%16.7%12.7%
    4/23/202612.2%12.6%11.2%
    2/24/20262.5%12.8%7.6%
    10/23/202511.9%9.7%16.5%
    7/24/2025-7.4%-4.6%-0.1%
    4/24/20251.0%2.7%13.2%
    2/25/20259.3%5.5%11.6%
    10/24/2024-4.3%-0.8%13.8%
    4/25/2024-3.7%-2.9%-2.8%
    2/22/202422.4%17.2%15.5%
    10/26/2023-2.8%10.6%19.6%
    7/27/2023-7.1%-7.4%-19.5%
    4/27/2023-17.8%-16.8%-19.0%
    2/23/202320.3%54.0%47.2%
    10/27/2022-0.2%1.6%7.4%
    7/27/20226.5%9.5%10.4%
    4/28/20222.4%2.7%5.4%
    2/24/2022-4.2%-3.5%8.4%
    10/27/20218.1%12.2%13.9%
    7/28/20214.2%4.3%4.0%
    4/28/2021-0.1%4.3%1.1%
    2/25/20217.3%7.1%9.2%
    SUMMARY STATS   
    # Positive141618
    # Negative974
    Median Positive7.7%9.6%11.4%
    Median Negative-4.2%-3.5%-10.9%
    Max Positive22.4%54.0%47.2%
    Max Negative-17.8%-16.8%-19.5%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    09/30/202610/29/202610-Q
    06/30/202607/30/202610-Q
    03/31/202604/29/202610-Q
    12/31/202502/27/202610-K
    09/30/202510/30/202510-Q
    06/30/202507/30/202510-Q
    03/31/202504/30/202510-Q
    12/31/202402/28/202510-K
    09/30/202410/30/202410-Q
    06/30/202407/30/202410-Q
    03/31/202404/30/202410-Q
    12/31/202302/28/202410-K
    09/30/202310/30/202310-Q
    06/30/202307/31/202310-Q
    03/31/202305/02/202310-Q
    12/31/202202/28/202310-K
     Collapse to Preview
    Report DateFiling DateFiling
    09/30/202610/29/202610-Q
    06/30/202607/30/202610-Q
    03/31/202604/29/202610-Q
    12/31/202502/27/202610-K
    09/30/202510/30/202510-Q
    06/30/202507/30/202510-Q
    03/31/202504/30/202510-Q
    12/31/202402/28/202510-K
    09/30/202410/30/202410-Q
    06/30/202407/30/202410-Q
    03/31/202404/30/202410-Q
    12/31/202302/28/202410-K
    09/30/202310/30/202310-Q
    06/30/202307/31/202310-Q
    03/31/202305/02/202310-Q
    12/31/202202/28/202310-K
    09/30/202211/02/202210-Q
    06/30/202207/29/202210-Q
    03/31/202205/02/202210-Q
    12/31/202102/28/202210-K
    09/30/202110/27/202110-Q
    06/30/202107/30/202110-Q
    03/31/202104/30/202110-Q
    12/31/202002/26/202110-K
    09/30/202010/30/202010-Q
    06/30/202007/31/202010-Q
    03/31/202005/01/202010-Q
    12/31/201903/02/202010-K

    Insider Activity

    Updated 11/5/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Springer, JonDirectSell1105202648.9616,380802,01110,250,567Form
    2Springer, JonDirectSell1105202648.7725,0001,219,22211,008,799Form
    3Downes, Sean PExecutive ChairmanDirectSell1103202648.2320,000964,54951,345,106Form
    4Downes, Sean PExecutive ChairmanDirectSell911202643.9820,000879,56247,700,626Form
    5Downes, Sean PExecutive ChairmanDirectSell807202644.2720,000885,36448,900,646Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Springer, JonDirectSell1105202648.9616,380802,01110,250,567Form
    2Springer, JonDirectSell1105202648.7725,0001,219,22211,008,799Form
    3Downes, Sean PExecutive ChairmanDirectSell1103202648.2320,000964,54951,345,106Form
    4Downes, Sean PExecutive ChairmanDirectSell911202643.9820,000879,56247,700,626Form
    5Downes, Sean PExecutive ChairmanDirectSell807202644.2720,000885,36448,900,646Form
    6Downes, Sean PExecutive ChairmanDirectSell612202638.2220,000764,33643,882,632Form
    7Pietrangelo, Michael DirectSell514202639.294,500176,7943,193,807Form
    8Pietrangelo, Michael DirectSell514202639.553,000118,6393,392,804Form
    9Downes, Sean PExecutive ChairmanDirectSell430202639.6920,000793,76547,159,769Form
    10Campos, Kimberly DCIO & CAODirectSell331202634.1294632,278253,239Form
    11Peterson, Richard D The RDP Revocable Trust dated August 11, 2011Sell331202634.102,00068,207215,500Form
    12Campos, Kimberly DCIO & CAODirectSell327202633.8487929,745251,160Form
    13Downes, Sean PExecutive ChairmanDirectSell327202634.6020,000692,07241,759,209Form
    14Campos, Kimberly DCIO & CAODirectSell304202635.381,71060,491262,553Form
    15Peterson, Richard D The RDP Revocable Trust dated August 11, 2011Sell1231202533.611,85562,347279,602Form
    16Donaghy, StephenCEODirectSell1231202533.7725,000844,25022,118,033Form
    17Donaghy, StephenCEODirectSell1231202534.0725,000851,75023,166,271Form
    18Downes, Sean PExecutive ChairmanDirectSell1219202533.8220,000676,31642,050,353Form
    19Downes, Sean PExecutive ChairmanDirectSell1128202533.4620,000669,12042,272,057Form
    20Springer, JonDirectSell1117202534.5124,308838,8118,534,420Form
    21Springer, JonDirectSell1031202531.4135,4351,113,0818,532,352Form
    22Downes, Sean PExecutive ChairmanDirectSell1031202531.4020,000628,06840,306,641Form

    Investor Activity (13F)

    Updated Nov 12, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Renaissancere Holdings LTD$19.9 Mil4.9%5Hold13F
    Active Manager
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Renaissancere Holdings LTD$19.9 Mil4.9%5Hold13F

    Industry Resources

    External Quote Links


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