UNIVERSAL INSURANCE HOLDINGS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
UVE$48.16+3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, and
CONSOLIDATED BALANCE SHEETS
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Available-for-sale debt securities, at fair value, net of allowance for credit loss of $1,018 and $566 (amortized cost: $1,353,532 and $1,162,919) | $1,269,079 | $1,064,330 |
| Equity securities, at fair value (cost: $79,917 and $91,052) | 77,752 | 80,495 |
| Other investments, at fair value (cost: $8,794 and $4,794) | 16,123 | 10,434 |
| Investment real estate, net | 8,322 | 5,525 |
| Total invested assets | 1,371,276 | 1,160,784 |
| Cash and cash equivalents | 259,441 | 397,306 |
| Restricted cash and cash equivalents | 2,635 | 2,635 |
| Prepaid reinsurance premiums | 262,716 | 236,254 |
| Reinsurance recoverable | 627,617 | 219,102 |
| Premiums receivable, net | 77,936 | 77,064 |
| Property and equipment, net | 48,653 | 47,628 |
| Deferred policy acquisition costs | 121,178 | 109,985 |
| Deferred income tax asset, net | 42,163 | 43,175 |
| Other assets | 28,246 | 22,628 |
| Total assets | $2,841,861 | $2,316,561 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES: | ||
| Unpaid losses and loss adjustment expenses | $959,291 | $510,117 |
| Unearned premiums | 1,060,446 | 990,559 |
| Advance premium | 46,237 | 48,660 |
| Income taxes payable | 6,561 | 5,886 |
| Book overdraft | — | 14,597 |
| Reinsurance payable, net | 220,328 | 191,850 |
| Commission payable | 25,931 | 20,989 |
| Other liabilities and accrued expenses | 48,574 | 90,600 |
| Long-term debt, net | 101,243 | 102,006 |
| Total liabilities | 2,468,611 | 1,975,264 |
| Commitments and Contingencies (Note 15) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Cumulative convertible preferred stock, $.01 par value | — | — |
| Minimum liquidation preference - $9.99 and $9.99 per share | ||
| Common stock, $.01 par value | 475 | 472 |
| Treasury shares, at cost - 19,382 and 18,303 | (282,693) | (260,779) |
| Additional paid-in capital | 121,781 | 115,086 |
| Accumulated other comprehensive income (loss), net of taxes | (63,166) | (74,172) |
| Retained earnings | 596,853 | 560,690 |
| Total stockholders’ equity | 373,250 | 341,297 |
| Total liabilities and stockholders’ equity | $2,841,861 | $2,316,561 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.