What is Universal Insurance Holdings's latest dividend and current dividend yield?

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What factors drove the changes in Universal Insurance Holdings's revenue and profit?

What is the market's earnings forecast for Universal Insurance Holdings next quarter?

What is Universal Insurance Holdings's gross profit margin?

What guidance did Universal Insurance Holdings's management provide for the next earnings period?

Did Universal Insurance Holdings beat or miss consensus estimates last quarter?

What does Universal Insurance Holdings do and what are its main business segments?

- **Exceptional ROE Performance**: 30.6% adjusted ROE reflects strong underwriting and market positioning.
- **Market Resilience**: Florida market recovery and conservative reserving support improved financials.
- **Shareholder Returns**: $1.36 EPS and $8.1M share buybacks highlight capital efficiency.
- **Strategic Discipline**: Focus on rate adequacy and service differentiation drives sustainable growth.

**【CEO Summary Section】**
- Reported a 30.6% adjusted return on common equity (ROE), driven by the improved Florida market and conservative reserving practices.
- Highlighted the completion of the annual actuarial review, which showed strong reserve positions and reduced claims volume, enabling a more optimistic outlook for 2026.
- Emphasized adherence to rate adequacy and service quality, avoiding premium chasing despite competitive pressures in Florida and other markets.

**【CFO Financial Commentary】**
- Adjusted diluted EPS of $1.36, compared to a loss of $0.73 in the prior year quarter, driven by lower net loss ratio (70.2% vs. 91.7%) and higher core revenue ($400M, +4.9% YoY).
- Direct premiums written grew 3.2% YoY to $592.8M, with 22.2% growth in other states offsetting a 2.6% decline in Florida.
- Net combined ratio improved to 96.4% (down 20.5 pts YoY), with a 21.5-pt decline in net loss ratio due to absence of hurricane impacts.
- Repurchased 347,000 shares ($8.1M) under the share buyback program, with $7.1M remaining.
- Declared a quarterly dividend of $0.16 per share, maintaining strong capital return discipline.

**【Q&A Key Highlights】**
- **Reserving Philosophy**: CEO stated reserves are at their highest level in aggregate, with claims handled faster due to market stability. Any changes to loss ratio assumptions will be evaluated post-2025.
- **Competitive Environment**: Florida sees new entrants with varying risk appetites; company focuses on rate adequacy and service differentiation. Outside Florida, growth is constrained by intense competition.
- **Capital Management**: Shares are viewed as attractive for buybacks, but no immediate plans beyond existing program. ROE above growth rate suggests potential for further returns.
- **Prior Year Developments**: CFO confirmed $3.9M of net prior year cat developments, with no claims handling issues from 2024 storms.


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