Universal posts a Q4 profit despite Florida pressures

Expansive Universal Insurance Holdings showed the benefits of
its well-established and geographically diversified platform as it
became the first of the publicly traded Floridians to report a
sub-100 combined ratio for the 2016 fourth quarter.
After United and HCI revealed underwriting losses for the
period, Universal delivered a combined ratio of 95.1 percent and
posted pre-tax profit of $22.7mn.
The ratio was significantly higher than the 75.8 percent
reported in Q4 2015, however, with the com