Universal Insurance profits jump 42%

Floridian Universal Insurance Holdings experienced what it called
"another record quarter" after reporting net income of
$30.3mn from Q3.
The result marks a 42 percent increase on the $21.3mn it
reported for the same period last year.
The carrier said the performance reflected an improvement across
multiple measures including an increase in direct premiums written,
net premiums written, net earned premiums, net investment income,
commissions and policy fees.
The group saw revenues increase by 51