Universal Insurance (UVE) financial statements
Universal Insurance reported revenue of $1.6B in fiscal 2025, up 9.9% a year over 9 years.
Net income was $183M and the operating margin 15.6%, against 23.8% in 2016.
Free cash flow was $377M, and the company returned $22M in dividends and $22M in net buybacks.
The diluted share count fell 19% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Universal Insurance's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $685M | $752M | $824M | $939M | $1.1B | $1.1B | $1.2B | $1.4B | $1.5B | $1.6B |
| Selling, general and admin | $221M | $231M | $256M | $272M | $290M | $314M | $305M | $304M | $342M | — |
| Operating income | $163M | $170M | $153M | $64M | $24M | $29M | -$21M | $95M | $91M | $249M |
| Interest expense | $400,000 | $300,000 | $300,000 | $243,000 | $95,000 | $638,000 | $7M | $7M | $6M | $6M |
| Pre-tax income | $163M | $170M | $153M | $64M | $24M | $28M | -$27M | $88M | $85M | $243M |
| Income tax | $63M | $64M | $36M | $17M | $5M | $8M | -$5M | $22M | $26M | $60M |
| Net income | $99M | $107M | $117M | $47M | $19M | $20M | -$22M | $67M | $59M | $183M |
| EPS (diluted) | $2.79 | $2.99 | $3.27 | $1.36 | $0.60 | $0.65 | -$0.72 | $2.22 | $2.01 | $6.32 |
| Diluted shares | 36M | 36M | 36M | 34M | 32M | 31M | 31M | 30M | 29M | 29M |
| Operating margin | 23.8% | 22.7% | 18.6% | 6.8% | 2.3% | 2.6% | -1.7% | 6.8% | 6.0% | 15.6% |
| Net margin | 14.5% | 14.2% | 14.2% | 5.0% | 1.8% | 1.8% | -1.8% | 4.8% | 3.9% | 11.4% |
Balance sheet
Fiscal years, from Universal Insurance's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $111M | $223M | $166M | $182M | $167M | $251M | $389M | $397M | $259M | $409M |
| Receivables | $54M | $56M | $60M | $64M | $67M | $65M | $70M | $77M | $78M | $76M |
| Property, plant and equipment | $32M | $33M | $35M | $41M | $54M | $54M | $51M | $48M | $49M | $49M |
| Total assets | $1.1B | $1.5B | $1.9B | $1.7B | $1.8B | $2.1B | $2.9B | $2.3B | $2.8B | $2.8B |
| Total liabilities | $689M | $1.0B | $1.4B | $1.2B | $1.3B | $1.6B | $2.6B | $2.0B | $2.5B | $2.3B |
| Shareholders' equity | $371M | $440M | $502M | $494M | $449M | $430M | $288M | $341M | $373M | $551M |
| Net debt | -$106M | -$213M | -$166M | -$182M | -$167M | -$251M | -$389M | -$397M | -$259M | -$409M |
Cash flow
Fiscal years, from Universal Insurance's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $121M | $245M | $230M | $85M | $29M | $234M | $325M | $71M | $137M | $381M |
| Capital spending | $8M | $5M | $7M | $11M | $17M | $7M | $5M | $4M | $7M | $4M |
| Free cash flow | $113M | $240M | $223M | $73M | $12M | $227M | $320M | $67M | $130M | $377M |
| Stock-based compensation | $10M | $11M | $13M | $13M | $9M | $6M | $5M | $3M | $8M | $9M |
| Dividends paid | $24M | $24M | $26M | $26M | $25M | $24M | $24M | $23M | $22M | $22M |
| Share buybacks (net) | -$9M | -$18M | -$25M | -$66M | -$29M | -$2M | -$12M | -$22M | -$22M | -$22M |
| Net borrowing | -$2M | -$2M | -$1M | -$1M | -$1M | $99M | -$1M | -$1M | -$1M | -$1M |
| Free cash flow margin | 16.5% | 32.0% | 27.1% | 7.8% | 1.1% | 20.2% | 26.1% | 4.8% | 8.5% | 23.5% |
| Dividends per share | $0.68 | $0.67 | $0.71 | $0.76 | $0.77 | $0.77 | $0.77 | $0.77 | $0.76 | $0.77 |
Questions
What was Universal Insurance's revenue in 2025?
$1.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Universal Insurance generate?
$377M in fiscal 2025 (operating cash flow minus capital spending).
From Universal Insurance's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.