During the quarter, Universal repurchased roughly 122,000 shares for $4.5 million, completing $11.39 million of share repurchases under its January 2026 buyback program, and leaving about $8.6 million under its buyback authorization. The board declared a quarterly dividend of $0.16 per share, payable August 7 to shareholders of record as of July 31. Taken together with the HCI comparison above, the capital returns underway at both companies reflect the same underlying confidence: two of Florida’s largest domestic insurers now generating enough surplus capital to fund buybacks and dividends is itself a market signal that the reform-driven turnaround Donaghy describes is being treated as durable, not a single-quarter reprieve.
