UVE: Universal's net income down 70% in Q4'24 to $6m as CoR deteriorates

Universal Insurance Holdings has reported a net income of $6 million for the fourth quarter of 2024, representing a 69.9% decrease compared to $20 million in the same period a year earlier, as the company's combined ratio deteriorated by 4.2 percentage points to 107.9%. Total revenue for the quarter rose 2.5% to $384.8 million from [...]The post Universal's net income down 70% in Q4'24 to $6m as CoR deteriorates appeared first on ReinsuranceNe.ws.