Universal Insurance Holdings, Inc. (UVE) Income Statement
UVE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUVE revenue and net income
Where UVE's revenue goes
2025Each bar shows an amount and its share of revenue. UVE kept 11.5% of revenue as net income.
UVE profit margins
UVE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.9% | +9.3% | +8.3% | +11.3% |
| Gross profit | +205.3% | +105.8% | +39.6% | +8.5% |
| Operating income | +187.3% | — | +58.6% | +3.3% |
| Net income | +210.5% | — | +57.1% | +5.6% |
| EPS (diluted) | +250.3% | — | — | +7.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UVE quarterly EPS vs estimates
Universal Insurance beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $1.34).
UVE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.52B | $1.39B | $1.22B | $1.12B | $1.07B | $939.4M | $823.8M | $751.9M | $685.3M |
| Cost of revenue | $985.9M | $1.32B | $1.20B | $1.15B | $1.01B | $957.9M | $780.9M | $571.8M | $489.3M | $427.2M |
| Gross profit | $609.7M | $199.7M | $190.9M | $70.0M | $116.5M | $114.9M | $158.4M | $252.0M | $262.6M | $258.1M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $117.2M | $108.6M | $99.0M | $90.6M | $87.4M | $90.5M | $94.9M | $99.2M | $92.2M | $95.2M |
| Total operating expenses | $366.7M | $115.1M | $102.6M | $97.2M | $88.1M | $90.6M | $94.9M | $99.2M | $92.2M | $95.2M |
| Operating income | $243.1M | $84.6M | $88.3M | −$27.2M | $28.4M | $24.2M | $63.5M | $152.9M | $170.5M | $162.9M |
| Interest expense | $4.8M | $5.8M | $5.8M | $5.9M | $582,000 | $95,000 | $248,000 | $346,000 | $348,000 | $0 |
| Income before taxes | $243.1M | $84.6M | $88.3M | −$27.2M | $28.4M | $24.2M | $63.5M | $152.9M | $170.5M | $162.9M |
| Income taxes | $60.1M | $25.7M | $21.5M | −$5.0M | $8.0M | $5.1M | $17.0M | $35.8M | $63.5M | $63.5M |
| Net income | $183.0M | $58.9M | $66.8M | −$22.3M | $20.4M | $19.1M | $46.5M | $117.1M | $106.9M | $99.4M |
| EBITDA | $256.6M | $96.5M | $101.5M | −$14.0M | $35.9M | $29.4M | $68.5M | $157.7M | $174.5M | $166.1M |
| EPS (diluted) | $6.20 | $1.77 | $1.93 | −$0.44 | $0.59 | −$1.14 | $1.09 | $3.30 | $2.85 | $2.78 |
| Gross margin | 38.2% | 13.1% | 13.7% | 5.7% | 10.4% | 10.7% | 16.9% | 30.6% | 34.9% | 37.7% |
| Operating margin | 15.2% | 5.6% | 6.3% | −2.2% | 2.5% | 2.3% | 6.8% | 18.6% | 22.7% | 23.8% |
| Net margin | 11.5% | 3.9% | 4.8% | −1.8% | 1.8% | 1.8% | 5.0% | 14.2% | 14.2% | 14.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $425.0M | $391.5M | $406.0M | $401.0M | $400.1M | $394.9M | $384.8M | $387.6M | $380.2M | $368.0M | $375.5M | $360.0M |
| Cost of revenue | $244.6M | $228.1M | $222.7M | $315.9M | $322.2M | $311.1M | $350.0M | $375.6M | $300.2M | $295.0M | $325.9M | $341.2M |
| Gross profit | $180.4M | $163.4M | $183.2M | $85.1M | $78.0M | $83.7M | $34.8M | $11.9M | $80.0M | $73.0M | $49.5M | $18.9M |
| Sales, general & admin | $100.9M | — | — | $117.2M | $30.0M | $26.7M | $25.9M | $28.4M | $30.5M | $23.8M | $22.0M | $25.1M |
| Total operating expenses | $100.8M | $91.7M | $94.8M | $32.3M | $31.6M | $28.3M | $27.5M | $30.1M | $32.1M | $25.5M | $23.6M | $26.8M |
| Operating income | $79.6M | $71.7M | $88.5M | $52.8M | $46.4M | $55.5M | $7.3M | −$18.1M | $47.9M | $47.5M | $25.9M | −$7.9M |
| Interest expense | $2.0M | $1.6M | $540,000 | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.5M | $1.5M |
| Income before taxes | $79.6M | $71.7M | $88.5M | $52.8M | $46.4M | $55.5M | $7.3M | −$18.1M | $47.9M | $47.5M | $25.9M | −$7.9M |
| Income taxes | $20.4M | $17.4M | $21.9M | $12.9M | $11.3M | $14.0M | $1.3M | −$2.0M | $12.5M | $13.8M | $5.9M | −$2.0M |
| Net income | $59.2M | $54.3M | $66.6M | $39.8M | $35.1M | $41.4M | $6.0M | −$16.2M | $35.4M | $33.7M | $20.0M | −$5.9M |
| EBITDA | $81.6M | $73.3M | $97.1M | $54.2M | $47.9M | $57.0M | $8.8M | −$16.7M | $49.4M | $49.0M | $34.5M | −$6.4M |
| EPS (diluted) | $1.84 | $2.00 | $2.17 | $1.36 | $1.23 | $1.44 | $0.25 | −$0.73 | $1.18 | $1.07 | $0.43 | −$0.16 |
| Gross margin | 42.5% | 41.7% | 45.1% | 21.2% | 19.5% | 21.2% | 9.0% | 3.1% | 21.0% | 19.8% | 13.2% | 5.2% |
| Operating margin | 18.7% | 18.3% | 21.8% | 13.2% | 11.6% | 14.0% | 1.9% | −4.7% | 12.6% | 12.9% | 6.9% | −2.2% |
| Net margin | 13.9% | 13.9% | 16.4% | 9.9% | 8.8% | 10.5% | 1.6% | −4.2% | 9.3% | 9.1% | 5.3% | −1.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UVE's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UVE financial results
In fiscal year 2025 (ended December 31, 2025), Universal Insurance reported revenue of $1.6 billion, up 4.9% from the year before. It had net income of $183.0 million (up 210.5%), a net profit margin of 11.5%. Diluted earnings per share came to $6.20. Over five years revenue grew at an average rate of 8.3% a year.
See the UVE stock overview for the latest quote and news, or the UVE chart for price history and technical indicators.
UVE income statement FAQ
What is Universal Insurance's annual revenue?
Universal Insurance reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.9% from $1.5 billion the previous year.
Is Universal Insurance profitable?
Yes. Universal Insurance reported net income of $183.0 million in fiscal 2025, a net profit margin of 11.5%; its operating margin was 15.2%.
What is Universal Insurance's gross margin?
Universal Insurance's gross margin was 38.2% in fiscal 2025: for every $100 of revenue, Universal Insurance kept $38 after the direct cost of its products and services.
How fast is Universal Insurance growing?
Revenue grew 8.3% a year on average over the last five fiscal years, from $1.1 billion to $1.6 billion.
What are Universal Insurance's earnings per share?
Universal Insurance earned $6.20 per diluted share in fiscal 2025, compared with $1.77 a year earlier.
When will Universal Insurance report its next earnings?
Universal Insurance is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Universal Insurance's fiscal year end?
Universal Insurance's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.