Universal Insurance Holdings Completes Asset Acquisition/Disposition
Ticker: UVE · Form: 8-K · Filed: Jul 25, 2024 · CIK: 891166
Sentiment: neutral
Topics: acquisition, disposition, assets
Related Tickers: UIHC
TL;DR
Universal Insurance Holdings just closed a deal on some assets.
AI Summary
On July 25, 2024, Universal Insurance Holdings, Inc. filed an 8-K report detailing the completion of an acquisition or disposition of assets. The filing indicates a significant corporate event related to the company's assets.
Why It Matters
This filing signals a change in Universal Insurance Holdings' asset structure, which could impact its financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The completion of an acquisition or disposition of assets can introduce significant financial and operational risks or opportunities.
Key Players & Entities
- UNIVERSAL INSURANCE HOLDINGS, INC. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- July 25, 2024 (date) — Date of earliest event reported
FAQ
What specific assets were acquired or disposed of by Universal Insurance Holdings, Inc.?
The filing does not specify the exact assets involved in the acquisition or disposition, only that such an event has been completed.
What was the financial value of the transaction?
The filing does not disclose the financial value of the asset acquisition or disposition.
When did the transaction officially close?
The transaction was completed on or before July 25, 2024, as indicated by the filing date.
Are there any material changes to Universal Insurance Holdings' business operations expected as a result of this transaction?
The filing does not provide details on the expected impact on business operations.
Who were the other parties involved in this asset transaction?
The filing does not name the other parties involved in the acquisition or disposition of assets.
Filing Stats: 502 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-07-25 16:32:17
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value UVE New York Stock Exchange
Filing Documents
- uve-20240725.htm (8-K) — 33KB
- a2q24uveex-991xearningspre.htm (EX-99.1) — 423KB
- a01uvelogoa02.jpg (GRAPHIC) — 26KB
- uve-20240725_g1.jpg (GRAPHIC) — 26KB
- 0000891166-24-000070.txt ( ) — 702KB
- uve-20240725.xsd (EX-101.SCH) — 2KB
- uve-20240725_lab.xml (EX-101.LAB) — 21KB
- uve-20240725_pre.xml (EX-101.PRE) — 12KB
- uve-20240725_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On July 25, 2024, Universal Insurance Holdings, Inc. issued a press release announcing its financial results for the fiscal quarter ended June 30, 2024. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit Number Description 99.1 Press Release dated July 25, 2024. 104 The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 25, 2024 UNIVERSAL INSURANCE HOLDINGS, INC. By: /s/ Frank C. Wilcox Name: Frank C. Wilcox Title: Chief Financial Officer