Universal Insurance Posts 4Q Profit

FORT LAUDERDALE, Fla. (AP) _ Universal Insurance Holdings Inc. (UVE) on Tuesday reported fourth-quarter net income of $36.4 million.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $1.03.

The property and casualty insurance company posted revenue of $201.3 million in the period.

For the year, the company reported profit of $106.9 million, or $2.99 per share. Revenue was reported as $751.9 million.

Universal Insurance shares have climbed 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.75, an increase of 10 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UVE at https://www.zacks.com/ap/UVE