UNIVERSAL INSURANCE HOLDINGS INC (UVE) financial statements (2021 and earlier)

Company profile

Business Address 1110 W. COMMERCIAL BLVD.
FORT LAUDERDALE, FL 33309
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments252226230223111222165
Cash and cash equivalents167182166213106197115
Short-term investments8544631052550
Total current assets:252226230223111222165
Noncurrent Assets
Property, plant and equipment54413533322717
Long-term investments and receivables  820    
Long-term investments  820    
Deferred income tax assets63
Total noncurrent assets:604585533322717
Other undisclosed assets1,4471,4497731,199917744729
TOTAL ASSETS:1,7591,7201,8581,4551,060994912
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24      
Accrued liabilities24      
Total current liabilities:24      
Noncurrent Liabilities
Other undisclosed liabilities1,2861,2261,3571,015689700693
Total liabilities:1,3091,2261,3571,015689700693
Temporary equity, carrying amount      19
Stockholders' equity
Stockholders' equity attributable to parent449494502440371293200
Common stock0000000
Treasury stock, value(226)(197)(130)(105)(87)(81)(62)
Additional paid in capital103968686827141
Accumulated other comprehensive income (loss)320(8)(6)(6)(4)(2)
Retained earnings568574553465382307222
Total stockholders' equity:449494502440371293200
TOTAL LIABILITIES AND EQUITY:1,7591,7201,8581,4551,060994912

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,073939824752685547369
Premiums earned, net924843768
Financial services revenue729667534355
Cost of revenue(759)(603)(414)(350)(301)(188)(157)
Policyholder benefits and claims incurred, net(759)(603)(414)
Deferred policy acquisition costs, amortization expense      (34)
Financial services costs(350)(301)(188)(123)
Gross profit:314336409401384359213
Operating expenses(290)(272)(256)(231)(221)(184)(119)
Operating income:246415317016317593
Nonoperating income
(Investment Income, Nonoperating)
      4
Interest and debt expense(0)(0)(0)(0)(0)(1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes      32
Income from continuing operations before equity method investments, income taxes:2463153170162174128
Other undisclosed income from continuing operations before income taxes000001 
Income from continuing operations before income taxes:2464153170163175128
Income tax expense(5)(17)(36)(64)(63)(69)(55)
Net income attributable to parent:19471171079910673
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:19471171079910673

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:19471171079910673
Other comprehensive income (loss)  20(2)(2)(1)
Comprehensive income:19471191079710472
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(18)28(6)    
Comprehensive income, net of tax, attributable to parent:1751121079710472

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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