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				1,159.4	1,146.6	1,121.9	1,102.3	1,126.7
Revenue growth				2.9%	4.2%	4.6%	6.1%	17.7%
Loss and loss adjustment expenses				853.4	820.3	779.2	732.7	783.6
Policy acquisition costs				221.8	224.4	224.1	221.5	215.4
Investment expenses				2.9	3.0	3.0	3.2	3.1
Other operating expenses				82.2	82.0	86.4	78.9	88.8
General and administrative						76.0
EBITDA						36.0
EBITDA margin				0.5%	2.1%	3.2%	6.5%	3.6%
Depreciation						6.9
EBIT				-0.9	16.8	29.1	66.0	35.8
EBIT margin				-0.1%	1.5%	2.6%	6.0%	3.2%
Interest expense				4.0	2.3	0.7	0.2	0.2
Interest expense				4.0	2.3	0.7		0.2
Pre-tax income				-4.8	14.5	28.4	65.9	35.6
Income taxes				-1.8	3.0	8.0	0.5	-6.4
Tax rate				37.4%	20.6%	28.2%	0.8%	-17.9%
Net income				-3.0	11.5	20.4	50.9	27.5
Net margin				-0.3%	1.0%	1.8%	4.6%	2.4%

Basic EPS				($0.10)	$0.37	$0.65	$1.62	$0.87
Diluted EPS				($0.10)	$0.37	$0.65	$1.62	$0.87

Shares outstanding (basic)				31.1	31.2	31.2	31.4	31.5
Shares outstanding (diluted)				31.2	31.3	31.3	31.5	31.6

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