Universal Insurance Holdings Declares $0.16 Quarterly Dividend

Universal Insurance Holdings, Inc. (NYSE: UVE), a property and casualty insurance holding company, declared a quarterly cash dividend of $0.16 per share of common stock. The Board of Directors approved the dividend on April 10, 2026. Read more dividend announcements.

The dividend will be paid on May 15, 2026 to shareholders of record as of the close of business on May 8, 2026.

First Quarter Operating Performance

The company reported an operating income margin of 18.6% in the first quarter, up from 14.5% in the prior year quarter. The adjusted operating income margin reached 19.6%, compared to 14.5% a year earlier.

The net loss ratio improved 6.6 percentage points to 63.9%, driven by better current accident year results. The net combined ratio dropped 5.3 points to 89.7%, reflecting the lower loss ratio partly offset by a higher net expense ratio of 25.8%.

Net investment income climbed to $15.8 million, up 12.8% from the prior year quarter, benefiting from higher fixed income reinvestment yields and increased invested assets. Commissions, policy fees and other revenue declined 5.7% to $21.8 million, primarily due to commissions earned on reinstatements in the prior year quarter.

Share Repurchases

During the first quarter, Universal Insurance repurchased approximately 210,000 shares at an aggregate cost of $7.1 million. The company's current share repurchase authorization program has approximately $13.1 million remaining.

Universal Insurance develops, markets and writes insurance products in the personal residential homeowners lines of business and provides insurance-related services including risk management, claims management and distribution. The company operates in the United States through appointed independent agents and direct online distribution channels.