Insurance Market Dynamics - The Insurance Entities' monthly weighted average renewal retention rate for the year ended December 31, 2025, was 92.5%[37] - The company competes with both small regional insurers and large national insurers, with competition showing signs of normalization after recent market dislocations[30] - Legislative changes in Florida have led to a reduction in solicited and litigated claims, positively impacting the insurance market[45] - The property and casualty insurance industry is highly competitive, with competitors potentially lowering rates, which can reduce underwriting margins and sales[99] Financial Performance and Risks - The company has experienced higher direct premiums written in the second and third quarters, reflecting seasonal trends in the Florida residential real estate market and hurricane season[43] - The concentration of policies in Florida exposes the Company to significant risks from hurricanes and other catastrophic events, impacting financial performance[67] - Unanticipated increases in claim severity and frequency adversely affect profitability and financial condition, influenced by inflation, supply chain disruptions, and economic factors[77] - The company must adequately price risks to avoid underwriting losses, which could deplete surplus and capital[74] - Actual claims incurred may exceed established reserves, adversely affecting operating results and financial condition[71] - Rising claim costs driven by labor shortages and material costs have led to upward adjustments in estimated losses[73] Regulatory Environment - The Company is subject to comprehensive regulatory oversight, including periodic reporting to regulators and regulatory examinations to ensure compliance with statutory requirements[55] - Regulatory changes in Florida have produced notable benefits for claims arising after December 2022, although pre-reform claims remain costly and difficult to resolve[68] - The insurance entities are subject to extensive regulations that may increase operating costs and limit growth and profitability, impacting revenue and net profit goals[114][115] - Regulatory authorities have broad discretion to deny or revoke licenses, which could adversely affect the company's ability to operate and its reputation[117] Risk Management Strategies - The company utilizes excess of loss reinsurance to limit potential exposures to catastrophic events, which is a key strategic priority[39] - The company utilizes various risk mitigation strategies, but inherent limitations exist, and no assurance can be given that these strategies will effectively manage future losses[78] - The effectiveness of claims management is crucial, as failures in this area could lead to litigation, regulatory penalties, and damage to reputation[93] Investment Portfolio - The company's overall financial performance is influenced by the returns on its investment portfolio, which can be volatile and independent of insurance operations[113] - The investment portfolio is primarily composed of available-for-sale debt securities and equity securities, which are sensitive to market conditions, particularly interest rates and equity price changes[336] - As of December 31, 2025, the total amortized cost of fixed income financial instruments is $1,466,145, compared to $1,353,532 as of December 31, 2024, reflecting an increase of 8.3%[340] - The fair market value of fixed income financial instruments as of December 31, 2025, is $1,431,028, up from $1,269,079 in 2024, indicating a growth of 12.8%[340] - The coupon rate for the total portfolio is 3.64% as of December 31, 2025, compared to 3.30% in 2024, showing an increase of 10.3%[340] - The book yield for the total portfolio is 3.67% as of December 31, 2025, up from 3.03% in 2024, representing a rise of 21.2%[340] - The fair value of common stock in the equity securities portfolio increased to $37,509 (43.9%) in 2025 from $14,409 (18.5%) in 2024, a significant increase of 160.5%[341] - The fair value of mutual funds and other equity securities decreased to $47,911 (56.1%) in 2025 from $63,343 (81.5%) in 2024, a decline of 24.4%[341] - The total fair value of equity securities rose to $85,420 in 2025, compared to $77,752 in 2024, marking an increase of 9.3%[341] Operational Challenges - The Company had 929 full-time employees as of December 31, 2025, with 89% based in Florida and approximately 54% working in claims management operations[58] - The company faces significant exposure to catastrophic events, which can lead to substantial losses and variability in financial results due to climate change impacts[64] - The company may face challenges in adapting to technological changes, particularly in AI, which could affect competitive positioning and operational efficiency[109] - Higher mortgage rates and declining affordability have strained the housing market, leading to decreased activity and potential reductions in policy sales and renewals[89] Debt and Financial Obligations - The company issued $100 million of 5.625% Senior Unsecured Notes due 2026, and its ability to service this debt depends on cash flow generated from operations[128] - The company must comply with Risk-Based Capital (RBC) standards, and failure to meet these requirements could lead to regulatory actions that adversely affect financial condition[125][126] Cybersecurity and Litigation Risks - Cybersecurity threats, including data breaches and cyberattacks, pose significant risks to the company's operations and reputation, necessitating substantial resources for protection[106] - The company faces credit risk from reinsurers, which could adversely affect operating results and financial condition if recoverables are not collected[86] - The company is subject to civil litigation and administrative actions, particularly in Florida, which has seen high rates of first-party litigation[94] - The company faces risks from litigation and regulatory actions that could result in substantial settlements or judgments, negatively impacting financial condition and reputation[96]

Proximus to cut 1,200 jobs by 2030 -CEO | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of Proximus is seen at the headquarters of the Belgian telecoms operator in Brussels, Belgium January 9, 2019. REUTERS/Francois Lenoir [Purchase Licensing Rights, opens new tab]Feb 27 (Reuters) - Belgian telecom provider Proximus [(PROX.BR), opens new tab] will cut 1,200 jobs by 2030 due to AI efficiency measures, equivalent to 15% of i ...

Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4] Business Line Data and Key Metrics Changes - Direct premiums earned amounted to $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [9] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [9][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates modest declines in rates but emphasizes that a decrease in rates does not necessarily lead to a decrease in earnings [10] - Management expressed confidence in the current operating environment, noting improved retention rates and the potential for reduced reinsurance costs [11] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [7] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and strong agency relationships [9] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated ongoing actuarial studies for rate adjustments [10][11]

Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4] Business Line Data and Key Metrics Changes - Direct premiums earned totaled $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [9] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [9][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates that favorable legislation and reduced severity and frequency of claims will continue to create a positive environment [10][11] - Management expressed confidence in the company's capital position and reserves, stating they are the strongest in the company's history [3] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [7] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and increased business across opened markets [9] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated that a decrease in rates does not necessarily lead to decreased earnings [10][11]

Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4][5] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4][5] Business Line Data and Key Metrics Changes - Direct premiums earned totaled $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [10] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [10][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates that favorable legislation and reduced severity and frequency of claims will continue to support its financial performance [11][12] - Management expressed confidence in the company's retention rates, indicating a strong position in the market [12] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [6] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and strong agency relationships [10] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated that a decrease in rates does not necessarily lead to decreased earnings [11][12]

Investor Briefing FY25 Q4 Results Reported February 24th, 2026 1 Forward-looking statements and Regulation G Disclosure Statement Forward-looking statements This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "will," "plan," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include commentary on ...

Core Insights - Universal Insurance Holdings (UVE) reported quarterly earnings of $2.17 per share, exceeding the Zacks Consensus Estimate of $1.3 per share and significantly up from $0.25 per share a year ago, indicating strong performance [1] - The earnings surprise of +66.92% reflects the company's consistent ability to surpass consensus EPS estimates over the last four quarters [2] Financial Performance - The company achieved revenues of $407.93 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 9.37% and up from $384.81 million year-over-year [3] - Universal Insurance has also consistently exceeded consensus revenue estimates in the past four quarters [3] Stock Performance and Outlook - Despite the strong earnings report, Universal Insurance shares have declined approximately 10.6% since the beginning of the year, contrasting with the S&P 500's slight decline of 0.1% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the subsequent earnings outlook [4][5] Earnings Estimates and Industry Context - Current consensus EPS estimate for the upcoming quarter is $1.32 on revenues of $370.25 million, while for the current fiscal year, it is $3.34 on revenues of $1.51 billion [8] - The Insurance - Property and Casualty industry is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable environment for stock performance [9]

Exhibit 99.1 Universal Reports Fourth Quarter 2025 Results * Reconciliations of GAAP to non-GAAP financial measures are provided in the attached tables. Fort Lauderdale, Fla., February 24, 2026 – Universal Insurance Holdings (NYSE: UVE) ("Universal" or the "Company") reported fourth quarter and full year 2025 results. "We had an outstanding quarter and I am proud of the progress we have made in 2025," said Stephen J. Donaghy, Chief Executive Officer. "We're continuing to see the benefits of Florida's legisl ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Universal Insurance Holdings (UVE) despite lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Universal Insurance is expected to report quarterly earnings of $1.30 per share, reflecting a significant year-over-year increase of +420% [3]. - Revenues are projected to be $372.99 million, which is a decrease of 3.1% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Universal Insurance matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with a positive ESP being a strong predictor of an earnings beat [8][9]. - Universal Insurance's current Zacks Rank is 3 (Hold), which complicates the prediction of an earnings beat [11][12]. Historical Performance - In the last reported quarter, Universal Insurance exceeded the expected earnings of $1.1 per share by delivering $1.36, resulting in a surprise of +23.64% [13]. - The company has successfully beaten consensus EPS estimates in each of the last four quarters [14]. Market Sentiment - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15]. - Despite not appearing as a compelling earnings-beat candidate, other factors should be considered when evaluating the stock ahead of its earnings release [17]. Industry Comparison - Skyward Specialty Insurance (SKWD), another player in the property and casualty insurance sector, is expected to report earnings of $0.93 per share, reflecting a year-over-year increase of +16.3% [18]. - Skyward's revenues are anticipated to be $374 million, up 22.9% from the previous year, with a positive Earnings ESP of +0.86% indicating a likely earnings beat [19][20].

Group 1 - Universal Insurance Holdings, Inc. (UVE) has experienced a 33% increase in stock price over the past three months, indicating strong performance and fundamentals [1] - The author has a background in logistics and stock investing, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The author began investing in the Philippine stock market in 2014, initially focusing on blue-chip companies and later diversifying into various industries and market cap sizes [1] Group 2 - The author entered the US market in 2020 and has been trading for four years, utilizing analyses from Seeking Alpha to compare with the Philippine market [1] - The author has holdings in US banks, hotels, shipping, and logistics companies, reflecting a diversified investment strategy [1]