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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments226230223111222165117
Cash and cash equivalents182166213106197115117
Short-term investments44631052550 
Total current assets:226230223111222165117
Noncurrent Assets
Property, plant and equipment4135333227179
Long-term investments and receivables 820     
Long-term investments 820     
Deferred income tax assets3
Total noncurrent assets:45855333227179
Other undisclosed assets1,4497731,199917744729794
TOTAL ASSETS:1,7201,8581,4551,060994912920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,2261,3571,015689700693744
Total liabilities:1,2261,3571,015689700693744
Temporary equity, carrying amount     19 
Stockholders' equity
Stockholders' equity attributable to parent494502440371293200176
Common stock0000000
Treasury stock, value(197)(130)(105)(87)(81)(62)(35)
Additional paid in capital96868682714142
Accumulated other comprehensive income (loss)20(8)(6)(6)(4)(2)(0)
Retained earnings574553465382307222169
Total stockholders' equity:494502440371293200176
TOTAL LIABILITIES AND EQUITY:1,7201,8581,4551,060994912920

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues939824752685547369301
Premiums earned, net843768
Financial services revenue729667534355268
Cost of revenue(603)(414)(350)(301)(188)(157)(109)
Policyholder benefits and claims incurred, net(603)(414)
Deferred policy acquisition costs, amortization expense     (34)22
Financial services costs(350)(301)(188)(123)(109)
Gross profit:336409401384359213193
Operating expenses(272)(256)(231)(221)(184)(119)(92)
Operating income:6415317016317593101
Nonoperating income
(Investment Income, Nonoperating)
     42
Interest and debt expense(0)(0)(0)(0)(1)(2)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     32(1)
Income from continuing operations before equity method investments, income taxes:63153170162174128101
Other undisclosed income from continuing operations before income taxes00001  
Income from continuing operations before income taxes:64153170163175128101
Income tax expense(17)(36)(64)(63)(69)(55)(42)
Net income attributable to parent:47117107991067359
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:47117107991067359

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:47117107991067359
Other comprehensive income (loss) 20(2)(2)(1)(0)
Comprehensive income:47119107971047259
Other undisclosed comprehensive income (loss), net of tax, attributable to parent28(6)     
Comprehensive income, net of tax, attributable to parent:75112107971047259

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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