Reinsurance News
Universal Insurance Holdings
Universal’s Q3’25 profit surges on lower losses, stronger Florida market
24th October 2025
Universal Insurance Holdings has disclosed a Q3 2025 net income available to common stockholders of $39.8 million, a sharp turnaround from a net loss of $16.2 million in Q3 2024, driven by a lower net loss ratio, higher net premiums earned, and increased net investment income. With lower losses in Q3 ... Read the full article
Universal’s direct premiums written grows 3.2% to $597m in Q2’25
25th July 2025
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 3.2% increase in direct premiums written to $596.7 million in the second quarter of 2025, from $578.2 million a year earlier, driven by a 25.4% growth in other states, slightly offset by a 2.5% decrease in Florida. For this ... Read the full article
Universal subsidiaries complete $2.526bn reinsurance program for 2025–2026
30th May 2025
Universal Insurance Holdings’ wholly-owned insurance subsidiaries have completed their combined reinsurance program for the 2025–2026 period, setting the top of their reinsurance tower for a single All States event (including Florida) at $2.526 billion. This represents an increase of $110 million compared to the 2024–2025 program. The new coverage, which applies ... Read the full article
Universal’s direct premiums written up by 4.7% for Q1’25
25th April 2025
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 4.7% increase in direct premiums written for the first quarter of 2025, at $467.1 million from $446.1 million a year earlier, driven by 34.7% growth in other states, slightly offset by a 3% decrease in Florida. For Q1 2025, ... Read the full article
Universal’s net income down 70% in Q4’24 to $6m as CoR deteriorates
26th February 2025
Universal Insurance Holdings has reported a net income of $6 million for the fourth quarter of 2024, representing a 69.9% decrease compared to $20 million in the same period a year earlier, as the company’s combined ratio deteriorated by 4.2 percentage points to 107.9%. Total revenue for the quarter rose 2.5% ... Read the full article
Universal Insurance expects up to $900m in losses from recent US hurricanes
29th October 2024
Universal Insurance Holdings expects to see a gross loss of up to $900 million related to the three devastating hurricanes that have recently impacted the United States, the insurer has stated. Chief Executive Officer Stephen J. Donaghy, said: “As we look at the three hurricanes now, between Debbie, Helene and Milton, ... Read the full article
Universal Insurance reports Q3’24 CoR of 116.9% and net loss of $16.2m
25th October 2024
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a Q3 2024 combined ratio of 116.9%, up by 6.2 points from the comparative quarter, reflecting an increase in both the net loss and net expense ratios. The insurer’s net loss ratio increased by 4.7 points in Q3 2024 to ... Read the full article
Universal’s CR strengthens in Q2’24, net income rises to $35.4m
26th July 2024
Universal Insurance Holdings has announced a net income of $35.4 million for the second quarter of 2024, an increase of 24% from the prior year quarter, as the company's combined ratio strengthened by 3.2 percentage points to 95.9%. At the same time, the company has reported Q2 2024 total revenues of $380.2 ... Read the full article
Universal secures combined $2.4bn reinsurance tower for 2024-2025
31st May 2024
Universal Insurance Holdings, Inc. has announced the completion of its combined 2024-2025 reinsurance program, effective June 1, 2024, for its subsidiaries Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company, which provides $2.4 billion of coverage. The duo have set the top of their combined ... Read the full article
Universal’s Q1’24 CoR strengthens to 95.5% as net income rises
26th April 2024
Universal Insurance Holdings has announced net income of $33.7 million for the first quarter of 2024, an increase of more than 39% on the prior year quarter, as the company's combined ratio strengthened by 4.5 percentage points to 95.5%. As well as the rise in net income, which the firm attributes ... Read the full article
Universal Insurance reports Q4’23 CoR of 103.7% and net income of $20m
23rd February 2024
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a Q4 2023 combined ratio of 103.7%, an increase of 2.3 points from the comparative quarter, reflecting a higher net loss ratio as the net expense ratio came down. The insurer’s loss ratio increased by 5.6 points in Q4 2023 ... Read the full article
Universal sees Q3 net loss of $5.9m, combined ratio drops 28.5 points
27th October 2023
Universal Insurance Holdings has reported a Q3 net loss of $5.9 million, much improved compared to a loss of $72.3 million in the same quarter last year, while the firm's combined ratio dropped 28.5 points to 110.7%. Universal's adjusted net loss available to common stockholders was $4.6 million, compared to a ... Read the full article
Universal Insurance reports improved combined ratio as net income rises in Q2
28th July 2023
Universal Insurance Holdings has reported a Q2 2023 combined ratio of 99.1%, 1.8 points lower than in Q2 2022 which stood at 100.9%. For the quarter, the combined ratio consists of a 73.5% loss ratio and a 25.3% expense ratio, compared with 72.3% and 28.6%, respectively, a year earlier. The company’s direct ... Read the full article
Universal completes combined 2023-24 reinsurance program for subsidiaries
31st May 2023
Universal Insurance Holdings, Inc. has announced the completion of its combined 2023-2024 reinsurance program, effective June 1, 2023, by Universal Property & Casualty Insurance Company and American Platinum Property and Casualty Insurance Company, its wholly-owned insurance company subsidiaries. UPCIC and APPCIC set the top of their combined ... Read the full article
Universal sees net income rise in Q1 results
28th April 2023
Universal Insurance Holdings has reported a net income of $24.2 million in its Q1 results, up from $17.5 million in the prior year quarter. Adjusted net income was $24 million for the quarter, representing a $4 million increase from last years $20 million. At the same time, revenue was $316.5 million, representing ... Read the full article
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