UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	8-K	10-Q	8-K	10-Q	10-Q	10-K	10-Q	10-Q
Revenues	339.6	316.5	330.4	292.0	287.5	292.7	287.3	279.2
Revenue growth	16.3%	10.1%	12.9%	4.6%	9.4%	7.2%	-7.8%	10.5%
Loss and loss adjustment expenses	223.7	206.2	222.5	200.3	185.1	280.4	187.6	167.2
Policy acquisition costs	52.0	51.8	50.8	53.9	54.4	56.5	57.0	56.4
Investment expenses		0.6		0.7	0.7	0.6	0.8	0.8
Other operating expenses	26.3	23.6	24.1	24.7	23.2	18.9	15.3	24.6
General and administrative	0.0					76.0
EBITDA						-56.9
EBITDA margin		10.9%		4.3%	8.4%	-19.4%	9.2%	10.8%
Depreciation						6.9
EBIT	39.2	34.4	34.5	12.4	24.1	-63.8	26.5	30.1
EBIT margin	11.5%	10.9%	10.4%	4.3%	8.4%	-21.8%	9.2%	10.8%
Interest expense	0.0	1.6	0.0	1.7	1.6	0.6	0.0	0.0
Interest expense		1.6		1.7	1.6	0.6		0.0
Pre-tax income	37.5	32.8	32.8	10.7	22.5	-64.5	26.5	30.1
Income taxes	9.0	8.6	7.7	3.3	4.9	-16.3	6.3	8.1
Tax rate	23.9%	26.3%	23.5%	31.0%	22.0%	25.3%	23.7%	27.0%
Net income	0.0	24.2	25.1	7.4	17.5	-48.1	20.2	21.9
Net margin	0.0%	7.6%	7.6%	2.5%	6.1%	-16.4%	7.0%	7.9%

Basic EPS		$0.80		$0.24	$0.56	($1.54)	$0.65	$0.70
Diluted EPS		$0.79		$0.24	$0.56	($1.54)	$0.64	$0.70

Shares outstanding (basic)		30.4		30.8	31.1	31.2	31.2	31.2
Shares outstanding (diluted)		30.6		30.9	31.2	31.3	31.3	31.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.