Universal Insurance Holdings, Inc. (UVE) Q2 2025 Earnings Call Transcript

Universal Insurance Holdings, Inc. (NYSE:UVE) Q2 2025 Earnings Conference Call July 25, 2025 10:00 AM ET

Company Participants

Arash Soleimani – Chief Strategy Officer
Frank Crawford Wilcox – Chief Financial Officer
Stephen Joseph Donaghy – CEO & Director

Conference Call Participants

Jon Paul Newsome – Piper Sandler & Co., Research Division
Nicolas Iacoviello – Dowling & Partners Securities, LLC

Operator

Good morning, ladies and gentlemen, and welcome to Universal’s Second Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the conference over to Arash Soleimani, Chief Strategy Officer.

Arash Soleimani

Good morning. Thank you for joining us today. Welcome to our quarterly earnings call. On the call with me today are Steve Donaghy, Chief Executive Officer; and Frank Wilcox, Chief Financial Officer. Before we begin, please note today’s discussion may contain forward-looking statements and non-GAAP financial measures. Forward-looking statements involve assumptions, risks and uncertainties that could cause actual results to differ materially from those statements.

For more information, please see the press release and Universal’s SEC filings, all of which are available on the Investors section of our website at universalinsuranceholdings.com and on the SEC’s website. A reconciliation of non-GAAP financial measures to comparable GAAP measures is included in the quarterly press release and can also be found on Universal’s website at universalinsuranceholdings.com.

With that, I’ll turn the call over to Steve.

Stephen Joseph Donaghy

Thanks, Arash. Good morning, everyone. In the quarter, we delivered a very strong 29.4% adjusted return on common equity. We are encouraged by favorable underwriting trends as the Florida market continues to improve, and we are optimistic as we look ahead.

I’ll turn it over to Frank to walk through our financial results. Frank?

Frank Crawford Wilcox

Thanks, Steve. Good morning. Adjusted diluted earnings per