Universal Insurance Holdings Inc
universalinsuranceholdings.comWhat Do They Do?
Underwrites and sells homeowners, renters and condo insurance to consumers, and handles related risk assessment, claims and sales services.
10-K for FY2025, filed Feb 27, 2026Universal Insurance Holdings, Inc. (“UVE,” and together with its wholly-owned subsidiaries, “we,” “our,” “us,” or the “Company”) is a…View ↗
UPCIC, our primary risk-bearing insurance entity, which accounts for the substantial majority of our Insurance Entities’ business…View ↗
Our subsidiary, Evolution Risk Advisors, Inc. (“ERA,” formerly Universal Risk Advisors, Inc.), is the managing general agent for the…View ↗
How Do They Make Money?
The company mainly collects insurance premiums from policyholders; it also earns policy fees when a policy starts, installment fees when it provides the service, commissions from reinsurers, and investment income.
10-K for FY2025, filed Feb 27, 2026We generate revenue primarily from the collection of insurance premiums. Other sources of revenue include: commissions paid by our…View ↗
Policy Fees. Policy fees, which represents fees paid by policyholders to the MGA on all new and renewal insurance policies, are generally…View ↗
Other Revenue. The Company offers its policyholders the option of paying their policy premiums in full at inception or in installments. The…View ↗
$1.6B
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10-K for FY2025, filed Feb 27, 2026
$1.6B ↗
Who Are Their Customers?
Consumers buy personal residential insurance through independent agents and online channels. Clovered also places insurance with third-party carriers for customers.
10-K for FY2025, filed Feb 27, 2026UPCIC, our primary risk-bearing insurance entity, which accounts for the substantial majority of our Insurance Entities’ business…View ↗
DistributionView ↗
In addition to distributing our products through our independent agency network, we offer direct-to-consumer online distribution, including…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2025 and turned 24 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 43% in 4 years, from $1.1B in FY2021 to $1.6B in FY2025, about 9% a year.
APPCIC adds agent sales
The older report describes APPCIC as distributing mainly through digital platforms; the latest report says it also began using the independent-agent network.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 27, 2026UPCIC, our primary risk-bearing insurance entity, which accounts for the substantial majority of our Insurance Entities’ business…View ↗
UPCIC, our primary risk-bearing insurance entity, which accounts for the substantial majority of our Insurance Entities’ business…View ↗
Who Do They Compete With?
Competes with Citizens
10-K for FY2025, filed Feb 27, 2026Several states, including Florida, have insurance mechanisms that provide insurance to consumers who are not otherwise able to obtain…View ↗
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