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Universal Insurance posts 4Q profit

FORT LAUDERDALE, Fla. (AP) _ Universal Insurance Holdings Inc. (UVE) on Tuesday reported fourth-quarter earnings of $13.7 million.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of 38 cents.

The property and casualty insurance company posted revenue of $178.6 million in the period.

For the year, the company reported profit of $99.4 million, or $2.79 per share. Revenue was reported as $685.3 million.

Universal Insurance shares have declined almost 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.15, a rise of 39 percent 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


Keywords: Universal Insurance Holdings, Earnings Report