Universal Insurance Holdings, Inc. Provides Earnings Guidance for the Fiscal Year of 2021
April 28, 2021 at 04:15 pm EDT
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Universal Insurance Holdings, Inc. provided earnings guidance for the fiscal year of 2021. For the period, the company expects GAAP Diluted EPS in the range of $2.75 per share to $3.00 per share.
Universal Insurance Holdings, Inc. is a holding company that offers property and casualty insurance and value-added insurance services. It develops, markets, and underwrites insurance products for consumers in the personal residential homeownerâs lines of business and other insurance-related services for its insurance entities, including risk management, claims management, and distribution. Its primary insurance entities include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company. UPCIC distributes policies through its independent agency force and offers various types of personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire. It also offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. Through its subsidiary, Evolution Risk Advisors, Inc., it advises on actuarial issues and administers claims payments.