Universal Insurance Posts 2Q Profit

FORT LAUDERDALE, Fla. (AP) _ Universal Insurance Holdings Inc. (UVE) on Thursday reported second-quarter earnings of $33.6 million.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of 94 cents.

The property and casualty insurance company posted revenue of $169.8 million in the period.

Universal Insurance shares have dropped 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.87, a drop of 25 percent in the last 12 months.

This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on UVE at http://ift.tt/2aPmu1I

Keywords: Universal Insurance Holdings, Earnings Report

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