Universal Insurance Holdings (UVE) reported quarterly loss of $0.73 per share versus the Zacks Consensus Estimate for a loss of $1.03. This compares to a loss of $0.16 per share a year ago. These figures are adjusted for one-time items. This quarterly report represents an earnings surprise of 29.13%. A quarter ago, it was expected … Read more
Goosehead Insurance (GSHD) reported quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for one-time items. This quarterly report represents an earnings surprise of 8.70%. A quarter ago, it was expected that this insurance … Read more
Insurance industry stocks are expected to have benefited from continued improving pricing, exposure growth, portfolio optimization, solid customer retention, renewals, reinsurance contracts and accelerated digitalization in the third quarter. Catastrophe losses and an increase in the frequency of claims are likely to have had a positive effect. Some of the insurers will report their third … Read more