What is Universal Insurance Holdings Claims Ratio %?
Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Universal Insurance Holdings's Claims Ratio % for the quarter that ended in Dec. 2023 was 81.90%
, which is lower than
87.00% for the pervious quarter ended in Sep. 2023.
Universal Insurance Holdings's Claims Ratio % for the annual that ended in Dec. 2023 was 79.30%
, which is lower than
83.20% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Universal Insurance Holdings's Claims Ratio % or its related term are showing as below:
UVE's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
Universal Insurance Holdings Claims Ratio % Historical Data
* 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.
Competitive Comparison of Universal Insurance Holdings's Claims Ratio %
For the Insurance - Property & Casualty subindustry, Universal Insurance Holdings's Claims Ratio %, along with its competitors' market caps and Claims 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.
Universal Insurance Holdings (NYSE:UVE) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums 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) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Universal Insurance Holdings Claims Ratio % Related Terms
Thank you for viewing the detailed overview of Universal Insurance Holdings's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Universal Insurance Holdings (Universal Insurance Holdings) Business Description
Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.
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