1
UVE stock price has initiated an uptrend, see the pivot levels below.
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The revenue growth has increased yearly on a YoY basis.
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The current price has just made it past the 150-day EMA.
Florida-based insurance firm, Universal Insurance Holdings, Inc. (NYSE: UVE) posted its Quarter 3 earnings at the end of this October. The company’s revenue rose 15.1% year-on-year to $360 Million, driven by a 14.2% rise in the core sales.
The Growth in Direct Premiums and Net Investments
Moreover, the direct premiums written increased by 6.3% to $532 Million, mainly due to growth in other states and Florida. The net investment income rose to $12.8 Million from $6.1 Million in Quarter 3 due to higher yields on cash and fixed income. However, the adjusted operating loss margin improved to 1.3% from 27.7% YoY mainly due to a lower net combined ratio.
Compared to the same quarter last year, the net loss ratio decreased by 26.7 points, standing at 8
We współpracy z: https://www.thecoinrepublic.com/2023/11/01/uve-stock-price-quarter-3-results-are-here-with-a-growth-of-15/
