Revenue: USD 387.6 million (up 7.6% from Q3 2023).
Net loss: USD 16.2 million (loss widened 173% from Q3 2023).
A loss of US$0.57 per share (worsening from a loss of US$0.20 in Q3 2023).
Profit and revenue growth
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Sales exceeded analysts’ expectations by 13%. Earnings per share (EPS) also exceeded analyst estimates by 45%.
Looking ahead, U.S. insurance industry revenues are expected to decline by an average of 4.6% per year over the next two years, while revenues are expected to grow by 5.1%.
Performance of the American insurance industry.
The company’s stock fell 3.2% from the previous week.
We hope it doesn’t rain too much on the parade, but we’ve spotted 1 warning sign for Universal Insurance Holdings you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
