Common Insurance coverage Holdings, Inc. (UVE) Q2 2026 Earnings Name Transcript

Operator

Good morning, women and gents, and welcome to Common’s Second Quarter 2026 Earnings Convention Name. As a reminder, this convention name is being recorded.

I’d now like to show the convention over to Arash Soleimani, Chief Technique Officer.

Arash Soleimani
Chief Technique Officer

Good morning. Thanks for becoming a member of us right this moment. Welcome to our quarterly earnings name. On the decision with me right this moment are Steve Donaghy, Chief Govt Officer; and Frank Wilcox, Chief Monetary Officer.

Earlier than we start, please word right this moment’s dialogue could include statements and non-GAAP monetary measures. Ahead-looking statements contain assumptions, dangers, and uncertainties that might trigger precise outcomes to vary materially from these statements. For extra data, please see the press launch and Common’s SEC filings, all of which can be found on the Buyers part of our web site at universalinsuranceholdings.com and on the SEC’s web site.

A reconciliation of non-GAAP monetary measures to comparable GAAP measures is included within the quarterly press launch and may also be discovered on Common’s web site at universalinsuranceholdings.com.

With that, I am going to flip the decision over to Steve.

Stephen Donaghy
CEO & Director

Thanks, Arash. Good morning, everybody. Within the quarter, we delivered a really robust 33.2% annualized adjusted return on widespread fairness, pushed by stable underwriting and income efficiency. Notably, the web loss ratio improved by 7.5 factors year-over-year, pushed by favorable claims and litigation developments that we count on to learn non-catastrophe margins all year long. Robust retention and new enterprise technology resulted in 4.1% direct premiums written development, together with development in Florida and throughout our multi-state footprint. The favorable claims and litigation developments in our