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Universal sees Q3 net loss of $5.9m, combined ratio drops 28.5 points

October 27, 2023

Universal Insurance Holdings has reported a Q3 net loss of $5.9 million, much improved compared to a loss of $72.3 million in the same quarter last year, while the firm’s combined ratio dropped 28.5 points to 110.7%.

Universal’s adjusted net loss available to common stockholders was $4.6 million, compared to a loss of $69.4 million in the prior year quarter.

The firm explained that the improvement in adjusted net loss mostly stems from better underwriting income and net investment income.

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