Universal Insurance Holdings Announces Fourth Quarter 2020 Earnings Release & Conference Call Date & Estimated Weather Losses
February 17 2021 - 4:15PM
Business Wire
Universal Insurance Holdings, Inc. (NYSE: UVE) will issue a
press release reporting its fourth quarter results after the close
of trading on the NYSE on Thursday, February 25, 2021. The company
will host a conference call on Friday, February 26, 2021, at 9:00
a.m. Eastern Time (ET) to discuss its fourth quarter 2020 financial
results. In addition, the company expects a fourth quarter total
net impact of approximately $76.0 million, pre-tax (approximately
$57.7 million, after-tax) for estimated weather events in excess of
plan for named hurricanes and PCS events, in addition to prior year
development of approximately $23.4 million pre-tax (approximately
$17.8 million, after tax).
“We ended the year with an unprecedented number of named storms
and PCS events. We continue to execute on our strategic priorities,
including tailwinds from rate increases we have recently received
approvals on and our continued focus on underwriting, which should
position us well in the future,” said Stephen J. Donaghy, Chief
Executive Officer.
Conference Call and Webcast
- Friday, February 26, 2021 at 9:00 a.m. ET
- U.S Dial-in Number: (855) 752-6647
- International: (503) 343-6667
- Participant code: 9074399
- Listen to live webcast: UniversalInsuranceHoldings.com
- Replay of the call will be available on the UVE website and by
phone at (855) 859-2056 or internationally at (404) 537-3406 using
the participant code: 9074399 through March 13, 2021
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings (UVE) is a holding company offering
property and casualty insurance and value-added insurance services.
We develop, market, and write insurance products for consumers
predominantly in the personal residential homeowners lines of
business and perform substantially all other insurance-related
services for our primary insurance entities, including risk
management, claims management and distribution. We sell insurance
products through both our appointed independent agents and through
our direct online distribution channels in the United States across
19 states (primarily Florida). Learn more at
UniversalInsuranceHoldings.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210217005896/en/
Investor Relations Contact: Rob Luther, 954-958-1200 ext.
6750 VP, Corporate Development, Strategy & IR
rluther@universalproperty.com
Media Relations Contact: Andy Brimmer / Mahmoud Siddig,
212-355-4449 Joele Frank, Wilkinson Brimmer Katcher
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