Fundamentals snapshot
UVE · NYQ · Financial Services · Insurance - Property & Casualty
Current price
$47.21
52-week range
$28.32 - $50.75
Market cap
$1.31B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $472.12M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Universal Insurance Holdings sells insurance policies, mostly for homes, and makes its money from the premiums customers pay for these policies. This matters because insurance companies like Universal are essential for protecting people's homes and belongings from unexpected damage or loss, and their ability to collect enough premiums to cover claims shows how well they are managing their business risks.
Universal Insurance Holdings, Inc. was founded in 1990 and has grown into an integrated insurance company. It started by focusing on personal residential insurance, particularly homeowners insurance in Florida. Over the years, the company has expanded its operations to include other states and has developed a range of insurance-related services beyond just selling policies. A key part of its history involves navigating the complexities of the insurance market, especially in catastrophe-prone areas like Florida, and adapting its strategies to manage risks and regulatory environments. The company has also evolved its distribution methods, moving from primarily independent agents to also include direct online sales.
Universal Insurance Holdings, Inc. acts as a holding company that provides property and casualty insurance, along with other related insurance services. Think of it like a parent company that owns several businesses focused on different aspects of insurance. Its main goal is to offer insurance products that protect people's homes and belongings from damage or loss. Beyond just selling insurance policies, the company also manages claims when something goes wrong, handles the administrative side of policies, and helps set the right prices for insurance based on risk.
This is the core business of Universal Insurance Holdings, Inc. It offers insurance policies for homes, including homeowners insurance, which covers damage to your house and personal belongings. They also provide coverage for renters and condo owners, as well as dwelling and fire insurance for properties that might not be standard homes. This segment is where the company makes most of its money, by collecting premiums from policyholders and paying out claims when necessary. It's essentially about protecting people's living spaces and the things inside them.
Beyond selling insurance policies, Universal Insurance Holdings, Inc. offers a suite of services that support the insurance process. This includes actuarial advice, which involves using data to predict and price risk, and overseeing how insurance is sold (distribution). They also administer claims payments, meaning they manage the process of paying out money when a policyholder files a claim. Policy administration and underwriting, which is the process of deciding whether to insure someone and at what price, are also key services. These services help ensure the insurance operations run smoothly and efficiently.
Universal Insurance Holdings, Inc. also operates an online platform called Clovered.com. This is their digital insurance agency, allowing customers to buy insurance policies directly over the internet. This segment represents a more modern approach to selling insurance, aiming to reach customers who prefer to handle things online. It's a growing part of the business that complements their traditional agency network by offering convenience and accessibility to a wider range of consumers.
Management at Universal Insurance Holdings, Inc. is focused on achieving profitability through careful underwriting and managing the risks associated with natural disasters, particularly hurricanes. A significant part of their strategy involves reducing the company's heavy concentration in Florida and expanding into other states where the risk profile might be more favorable. They are also working on improving claims handling and ensuring they can charge adequate prices for their policies to cover potential losses. The goal is to build a more stable and diversified business that can consistently deliver good results, even in challenging insurance markets.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $472.1M - more cash than debt. Interest coverage 43.5x.
Universal Insurance Holdings, Inc.'s profit covers its interest bill about 43.5 times over.
Total debt $97.34M Interest coverage 43.54x This is the baseline the peer rows are being compared against.
Total debt $91.83M Interest coverage 33.87x -22% vs UVE Carries about 1.3x less debt cushion than UVE.
Total debt $67.47M Interest coverage 47.89x +10% vs UVE Has roughly the same debt cushion as UVE.
Total debt $3.90M Interest coverage 115.65x +166% vs UVE Carries about 2.7x more debt cushion than UVE.
Total debt $59.77M Interest coverage 83.80x +92% vs UVE Carries about 1.9x more debt cushion than UVE.
What you should know
The numbers
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Valuation
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What you should know