Universal insurance holdings, inc. (UVE)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Available-for-sale short-term investments, at fair value (amortized cost: $10,000)

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale debt securities, at fair value, net of allowance for credit loss of $791, (amortized cost: $851,826 and $828,336)

867,249

855,284

878,567

884,093

840,028

820,438

760,408

656,762

634,238

639,334

609,179

609,909

597,675

584,361

584,274

577,810

488,725

416,083

417,769

359,589

347,912

353,949

328,010

323,145

300,346

289,418

298,504

289,388

13,968

-

-

-

-

-

-

-

-

Fixed maturities (trading), at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,009

4,008

3,913

3,800

3,801

-

-

-

Available-for-sale short-term investments

-

-

-

-

-

-

-

-

10,000

-

-

-

5,001

5,002

5,003

5,004

12,505

25,021

75,023

100,025

37,506

49,990

37,473

-

-

-

-

-

-

85,041

48,875

81,713

96,996

95,345

153,476

95,945

224,532

Equity securities, at fair value (cost: $53,673 and $43,523)

45,838

43,717

43,141

42,368

53,175

63,277

69,108

70,866

66,043

62,215

26,075

9,927

50,286

50,803

44,240

35,543

31,754

42,214

46,627

38,515

21,396

19,642

20,387

12,420

60,152

65,022

70,862

53,507

-

-

-

-

-

-

-

-

-

Investment real estate, net

15,481

15,585

15,688

15,792

25,070

24,439

23,720

19,539

19,406

18,474

16,324

15,104

13,104

11,435

10,384

8,102

8,110

6,117

5,820

5,849

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total invested assets

928,568

914,586

937,396

942,253

918,273

908,154

853,236

747,167

729,687

730,023

651,578

634,940

666,066

651,601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

180,780

182,109

159,638

181,614

185,061

166,428

252,289

311,088

244,673

213,486

366,176

245,495

160,364

105,730

205,241

215,283

160,034

197,014

201,774

213,330

182,311

115,397

170,352

201,357

122,771

117,275

137,286

180,857

482,876

347,392

365,675

356,325

325,968

229,685

328,838

356,739

133,645

Restricted cash and cash equivalents

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

2,635

6,597

2,635

2,635

2,600

2,600

2,653

2,653

33,009

95,135

74,274

48,178

78,312

-

-

13,940

Prepaid reinsurance premiums

70,113

175,208

280,297

381,982

57,100

142,750

228,408

310,618

53,123

132,806

212,489

285,480

49,754

124,385

198,910

122,444

119,927

114,673

113,240

110,739

194,691

190,505

195,322

193,811

236,026

241,214

250,506

255,941

252,479

239,921

248,899

247,835

276,365

243,095

251,342

253,582

221,086

Reinsurance recoverable

108,491

193,236

217,301

331,567

323,294

418,603

158,603

117,851

72,641

182,405

412,697

2,711

605

106

-

6,355

17,162

22,853

36,135

38,157

51,366

55,187

56,241

77,566

76,097

107,847

74,900

79,151

87,231

89,191

80,800

115,459

77,049

85,706

77,545

77,203

79,552

Reinsurance receivable, net

-

-

-

-

-

-

961

1,402

492

-

-

-

-

-

-

-

186

-

166

716

4,297

7,468

12,535

26,352

7,004

203

24,268

24,542

4,480

24,334

30,528

125,664

15,794

55,205

49,816

-

37,607

Premium receivable, net

66,568

63,883

70,388

66,756

58,346

59,858

66,017

67,186

57,455

56,500

66,687

64,004

56,224

53,833

60,570

61,433

54,719

50,980

56,617

59,171

55,033

50,987

54,647

55,005

48,105

46,461

52,399

56,846

50,832

50,125

56,044

56,377

45,628

45,828

50,580

52,020

43,622

Receivable from securities sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,991

1,096

1,750

594

4,117

9,737

5,585

20,505

17,556

Other receivables

-

-

-

-

-

-

-

-

-

-

-

7,830

5,388

-

5,863

6,203

21,754

4,979

5,195

4,524

3,284

2,763

3,196

3,340

3,261

2,587

3,446

4,172

2,269

2,017

3,197

3,631

2,207

2,732

2,910

3,562

2,864

Property and equipment, net

44,859

41,351

41,016

40,498

40,102

34,991

35,632

34,792

33,169

32,866

32,959

33,066

32,507

32,162

30,845

29,706

28,070

27,065

26,302

23,818

21,153

17,254

9,961

9,815

9,749

9,289

9,300

9,309

9,128

8,968

8,838

8,915

8,441

7,116

6,597

6,087

5,407

Deferred policy acquisition costs

94,354

91,882

94,820

90,530

83,284

84,686

90,643

88,756

78,007

73,059

75,934

73,591

66,524

64,912

68,300

67,190

61,158

60,019

63,003

62,181

26,195

25,660

27,832

28,077

15,893

15,899

16,953

17,241

17,377

17,282

18,019

17,744

11,798

12,996

13,013

12,026

9,446

Income taxes recoverable

17,115

34,283

9,860

8,897

0

11,159

5,174

11,839

-

9,472

19,174

14,820

-

3,262

10,643

156

5,420

5,420

10,964

12,949

-

5,675

2,914

2,824

6,199

8,152

14,498

9,078

1,977

2,594

406

624

1,070

-

-

-

-

Deferred income tax asset, net

15,582

3,351

0

0

14,417

14,586

7,948

177

11,436

9,286

5,300

-

15,389

10,674

1,877

6,599

11,840

13,912

12,196

10,250

11,717

11,850

11,958

11,813

11,472

12,051

13,756

16,652

15,322

19,178

16,185

21,280

17,409

22,991

24,120

17,057

13,448

Other assets

16,448

17,328

15,927

17,391

15,357

14,540

21,723

17,766

12,389

12,461

11,432

5,487

4,983

10,707

5,437

5,046

4,997

4,563

4,900

4,919

7,661

2,812

2,840

2,242

1,722

2,072

3,066

2,462

1,540

1,578

1,553

1,825

1,836

1,477

3,126

2,011

1,132

Total assets

1,545,513

1,719,852

1,829,278

2,064,123

1,697,869

1,858,390

1,723,269

1,711,277

1,295,707

1,454,999

1,857,061

1,370,059

1,060,439

1,060,007

1,234,222

1,149,509

1,028,996

993,548

1,078,366

1,047,367

967,157

911,774

940,265

950,402

901,432

920,090

972,344

1,001,799

964,123

925,735

979,912

1,116,173

936,656

894,026

966,948

896,737

803,837

LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Unpaid losses and loss adjustment expenses

195,978

267,760

166,342

288,296

366,356

472,829

158,667

151,916

129,637

248,425

440,443

22,645

31,463

58,494

54,209

60,144

84,975

98,840

101,059

112,117

125,161

134,353

136,915

144,625

150,557

159,222

157,374

166,260

182,528

193,241

172,674

164,625

172,300

187,215

162,954

155,375

158,929

Unearned premiums

669,881

661,279

680,195

650,388

595,536

601,679

629,693

608,921

540,167

532,444

556,299

536,363

484,796

475,756

501,577

494,189

449,086

442,366

463,651

455,882

410,683

395,748

411,875

412,709

384,761

383,488

407,443

420,687

398,042

388,071

408,714

406,952

371,041

359,842

375,779

380,268

328,334

Advance premium

55,763

30,975

40,669

39,471

44,545

26,222

32,839

38,230

39,323

26,216

28,667

24,808

28,397

17,796

28,721

29,589

32,289

24,813

26,029

29,303

22,185

17,919

21,302

22,671

25,413

22,959

23,692

25,671

27,210

15,022

18,468

25,606

31,101

19,390

21,639

25,830

19,840

Accounts payable

3,134

2,099

3,396

3,024

2,692

3,059

2,809

2,778

3,486

2,866

3,999

3,735

3,317

3,187

2,294

2,926

3,894

378

1,582

1,981

2,472

4,121

4,457

4,809

4,499

3,441

3,863

5,010

4,316

4,368

4,252

5,342

5,064

4,314

4,287

5,692

3,767

Book overdraft

0

90,401

1,692

25,649

43,305

102,843

30,334

2,982

171

36,715

-

-

-

-

-

539

-

-

3,728

2,725

7,478

5,924

5,861

4,312

2,985

14,947

22,209

24,926

27,068

25,994

29,198

27,650

28,690

25,485

34,914

22,597

23,030

Payable for securities purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,937

-

-

-

-

1,026

2,185

-

-

3,104

-

1,275

4,706

1,239

8,017

1,067

17,667

336

0

Reinsurance payable, net

64,460

122,581

300,094

424,187

48,171

93,306

261,133

341,912

54,218

110,381

341,356

311,897

42,270

80,891

211,863

147,444

75,446

73,585

125,427

131,738

91,258

66,066

102,251

120,095

93,654

86,232

118,573

134,699

104,881

85,259

123,934

273,787

114,477

87,497

128,804

92,504

75,553

Income taxes payable

-

-

-

-

6,183

-

-

-

4,436

-

-

-

19,150

-

-

-

17,383

-

-

1,659

6,681

1,799

-

407

915

2,566

1,450

193

-

699

23

1,331

551

12,740

16,378

13,480

8,282

Dividends payable

-

-

-

5,517

-

-

-

5,638

-

-

4,846

-

-

-

4,903

4,912

-

-

4,287

4,283

-

-

3,429

3,503

-

-

-

-

3,270

-

3,287

3,214

4,012

-

3,199

-

-

Deferred income tax liability, net

-

-

2,571

5,079

-

-

-

-

-

-

-

2,044

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities and accrued expenses

52,450

40,930

55,044

45,784

41,002

45,422

65,005

54,695

46,675

45,096

47,659

33,896

38,310

37,665

41,995

42,640

28,549

36,424

37,388

27,751

27,505

36,318

34,240

27,161

28,357

34,386

33,982

27,745

24,811

28,071

28,054

23,710

23,506

24,780

22,322

20,022

23,150

Long-term debt

9,559

9,926

-

-

-

11,397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

10,294

10,662

11,029

-

11,765

12,132

12,500

12,868

13,235

13,603

13,971

15,028

15,396

15,763

23,077

24,050

24,324

24,600

31,813

30,610

30,796

30,984

37,122

37,240

37,356

37,476

19,853

20,221

20,588

20,956

21,324

21,691

22,059

22,427

23,162

Total liabilities

1,051,225

1,225,951

1,260,297

1,498,057

1,158,819

1,356,757

1,192,245

1,219,204

830,613

1,015,011

1,436,504

948,991

661,674

688,817

860,958

798,146

714,699

700,456

795,412

792,039

725,236

692,858

751,126

772,302

730,448

744,481

805,942

845,771

791,979

762,221

813,898

954,412

780,083

744,021

810,002

738,531

664,047

Commitments and Contingencies (Note 12)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Contingently redeemable common stock - Issued shares - 0 and 1,000, Outstanding shares - 0 and 1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

STOCKHOLDERS’ EQUITY:
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 10 and 10 Outstanding shares - 10 and 10 Minimum liquidation preference, $9.99 and $9.99 per share

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 46,766 and 46,707 Outstanding shares - 32,385 and 32,638

468

467

467

467

467

465

463

463

461

458

455

454

454

453

453

453

453

455

456

456

452

448

449

449

443

436

434

430

417

419

419

412

411

411

410

410

404

Treasury shares, at cost - 14,381 and 14,069

203,172

196,585

180,331

154,623

140,516

130,399

116,239

116,239

107,869

105,123

104,866

95,901

89,530

86,982

86,887

85,399

82,676

80,802

69,818

67,229

62,153

62,153

65,203

55,701

50,204

35,467

35,467

31,179

3,101

3,101

3,101

3,101

3,101

3,101

3,102

3,102

3,109

Additional paid-in capital

97,110

96,036

93,546

90,226

87,328

86,353

88,231

85,925

84,294

86,186

89,429

86,358

83,657

82,263

80,399

78,496

70,280

70,789

67,845

62,845

63,700

40,987

45,096

41,539

42,195

42,282

40,631

38,975

38,631

38,684

37,408

38,126

37,497

36,536

35,549

34,580

33,675

Accumulated other comprehensive income, net of taxes

12,015

20,364

21,089

15,929

3,974

-8,010

-9,898

-9,161

-7,312

-6,281

-2,207

-2,458

-3,944

-6,408

1,625

2,116

-725

-4,006

-2,515

-1,721

-638

-1,835

-1,547

-623

-264

-376

-488

-2,608

-

0

-

-

-

-

-

-

-

Retained earnings

587,867

573,619

634,210

614,067

587,797

553,224

568,467

531,085

495,520

464,748

437,746

432,615

408,128

381,864

377,674

355,697

326,965

306,656

286,986

260,977

240,560

222,469

210,344

192,436

178,814

168,734

161,291

150,409

136,196

127,511

131,287

126,323

121,765

116,158

124,088

126,317

108,819

Total stockholders’ equity

494,288

493,901

568,981

566,066

539,050

501,633

531,024

492,073

465,094

439,988

420,557

421,068

398,765

371,190

373,264

351,363

314,297

293,092

282,954

255,328

241,921

199,916

189,139

178,100

170,984

175,609

166,402

156,028

172,144

163,514

166,014

161,761

156,573

150,005

156,946

158,206

139,790

Total liabilities and stockholders’ equity

1,545,513

1,719,852

1,829,278

2,064,123

1,697,869

1,858,390

1,723,269

1,711,277

1,295,707

1,454,999

1,857,061

1,370,059

1,060,439

1,060,007

1,234,222

1,149,509

1,028,996

993,548

1,078,366

1,047,367

967,157

911,774

940,265

950,402

901,432

920,090

972,344

1,001,799

964,123

925,735

979,912

1,116,173

936,656

894,026

966,948

896,737

803,837