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Universal Insurance: 3Q Earnings Snapshot

·1 min read

FORT LAUDERDALE, Fla. (AP) _ Universal Insurance Holdings Inc. (UVE) on Tuesday reported a third-quarter loss of $3.2 million, after reporting a profit in the same period a year earlier.

The Fort Lauderdale, Florida-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring gains, were $1.43 per share.

The property and casualty insurance company posted revenue of $311.7 million in the period. Its adjusted revenue was $255.8 million.

Universal Insurance shares have decreased 52% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.45, a fall of 54% in the last 12 months.

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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