U.S. Markets closed

Universal Insurance: 2Q Earnings Snapshot

FORT LAUDERDALE, Fla. (AP) _ Universal Insurance Holdings Inc. (UVE) on Wednesday reported second-quarter net income of $37.3 million.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $1.08. Earnings, adjusted for one-time items, were $1.05 per share.

The property and casualty insurance company posted revenue of $233.7 million in the period.

Universal Insurance shares have declined 35% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.82, a fall of 44% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UVE at https://www.zacks.com/ap/UVE