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Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It indicates the efficiency of the insurance company before considering its claims and investment gains or losses.
Universal Insurance Holdings's Expense Ratio % for the quarter that ended in Mar. 2024 was 23.60% , which is higher than 21.80% for the pervious quarter ended in Dec. 2023.
Universal Insurance Holdings's Expense Ratio % for the annual that ended in Dec. 2023 was 24.30% , which is lower than 27.00% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Universal Insurance Holdings's Expense Ratio % or its related term are showing as below:
The historical data trend for Universal Insurance Holdings's Expense Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Universal Insurance Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial | ||||||||||
Claims Ratio % | Get a 7-Day Free Trial |
Universal Insurance HoldingsQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial |
For the Insurance - Property & Casualty subindustry, Universal Insurance Holdings's Expense Ratio %, along with its competitors' market caps and Expense Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Expense Ratio % is calculated as:
Expense Ratio % | = | Expenses of Acquiring, Underwriting and Servicing Premiums | / | Net Premium Earned | * | 100% |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Universal Insurance Holdings (NYSE:UVE) Expense Ratio % Explanation
Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It can be used to make comparisons between insurance companies as well as measure their performance. An expense ratio below 100% suggests that the premiums an insurance company earned or wrote are more than the expenses it paid to support those premiums.
However, we should keep in mind that the ratio does not indicate an ending profitability. The overall profit is also influenced by the claims, investment gains or losses and other income. The ratio can be combined with Claims Ratio % and Combined Ratio % to get an overall performance of an insurance company.
Thank you for viewing the detailed overview of Universal Insurance Holdings's Expense Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sean P Downes | director | 2875 N.E. 191ST, SUITE 300, MIAMI FL 33180 |
Stephen Donaghy | director, officer: CEO | UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309 |
Michael Pietrangelo | director | 6410 POPLAR AVE, STE 190, MIMPHIS TN 38119 |
Gary Lloyd Ropiecki | officer: Principal Accounting Officer | 1110 W. COMMERCIAL BLVD., FORT LAUDERDALE FL 33309 |
Jon Springer | director, officer: President and CRO | UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309 |
Shannon A Brown | director | 1001 TILLMAN STREET, MEMPHIS TN 38112 |
Mccahill Francis Xavier Iii | director | 1314 SOUTH RAMONA AVENUE, INDIALANTIC FL 32903 |
Scott P. Callahan | director | 1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309 |
Joel Wilentz | director | 5811 SW 33RD TERR, FORT LAUDERDALE FL 33312 |
Ozzie A Schindler | director | 1451 STILLWATER DRIVE, MIAMI BEACH FL 33141-1031 |
Richard D Peterson | director | 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309 |
Marlene Gordon | director | C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134 |
Frank Wilcox | officer: CFO, Principal Acct. Officer | 1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309 |
Kimberly D Campos | director, officer: CIO & CAO | 1110 WEST COMMERCIAL BOULEVARD, SUITE 100, FORT LAUDERDALE FL 33309 |
Ralph J. Palmieri | director | 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309 |
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