Earnings Call Summary | Universal Insurance Holdings Inc(UVE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Universal Insurance Holdings Inc(UVE.US) Q1 2024 Earnings Conference
The following is a summary of the Universal Insurance Holdings, Inc. (UVE) Q1 2024 Earnings Call Transcript:
以下是環球保險控股公司（UVE）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Universal Insurance delivered a strong Q1 with a 29.4% annualized adjusted return on common equity and a 35.4% YoY increase in adjusted diluted earnings per share.
The company reported a core revenue increase by 15.4% YoY, due primarily to higher net premiums earned and net investment income.
Direct premiums written increased by 8.8% YoY with the net combined ratio down to 95.5%, a 4.5 point drop from the previous year.
環球保險第一季度表現強勁，調整後的普通股年化回報率爲29.4％，調整後的攤薄後每股收益同比增長35.4％。
該公司報告稱，核心收入同比增長15.4％，這主要是由於淨保費收入和淨投資收入的增加。
直接保費同比增長8.8％，淨合併比率降至95.5％，比上年下降4.5個百分點。
Business Progress:
業務進展：
The company saw growth in quarterly direct premiums written, primarily due to policy stabilization after underwriting initiatives.
Their reinsurance renewal for 2024-2025 is fully set with the addition of strong, new reinsurers.
Reported a growth of 5.2% in Florida and 25.6% in other states due to higher rates, inflation adjustments, and stable policies-in-force.
The management showed confidence in competitive markets and noted an increasing retention rate quarter-over-quarter.
該公司的季度直接保費有所增長，這主要是由於承保舉措後的政策穩定。
隨着實力雄厚的新再保險公司的加入，他們2024-2025年的再保險續保已完全確定。
報告稱，由於更高的利率、通貨膨脹調整和穩定的現行政策，佛羅里達州增長了5.2％，其他州增長了25.6％。
管理層對競爭激烈的市場表現出信心，並指出留存率環比有所提高。
More details: Universal Insurance Holdings Inc IR
更多詳情： 環球保險控股公司投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。