Universal Insurance reports Q1 adjusted EPS $1.44 vs $1.07 last year

Reports Q1 revenue $394.87M vs $367.96M last year. “We continue to see signs that the 2022 Florida legislative reforms are working, providing much needed stability to the property insurance market, which ultimately benefits policyholders with increased certainty and choice,” said Stephen J. Donaghy, Chief Executive Officer. “In the quarter, we experienced lower weather losses, benefiting the loss and LAE ratio.”