Universal posts 8.5% top-line growth in Q1 as rate hikes offset policy reductions
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Universal posts 8.5% top-line growth in Q1 as rate hikes offset policy reductions

Eileen AJ Connelly
29 April 2022
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Universal Insurance Fort Lauderdale stock market.jpg

Rate increases on Florida homeowners helped drive 8.5% premium growth for Universal Insurance Holdings in the first quarter, even as the carrier shed policies and the state’s difficult claims environment pressured underwriting profit.

The Fort Lauderdale-based company, which writes about 10.5% of all homeowners’ policies in the state, reported direct written premiums of $396.5mn,

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Eileen AJ Connelly
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