Earnings release
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Exhibit 99.1 Universal Reports Third Quarter 2026 Results • Diluted GAAP earnings per common share (EPS) of $1.80; diluted adjusted* EPS of $1.93 • Annualized return on average common equity (“ROCE”) of 32.7%, annualized adjusted* ROCE of 32.3% • Direct premiums written of $608.9 million, up 2.7% from the prior year quarter • Book value per share of $23.37, up 32.4% year-over-year; adjusted book value per share* of $25.90, up 38.2% year-over-year Reconciliations of non-GAAP to GAAP financial measures are provided in the attached tables. Fort Lauderdale, Fla., October 22, 2026 – Universal Insurance Holdings (NYSE: UVE) (“Universal” or the “Company”) reported third quarter 2026 results. “In the quarter, we delivered a very strong 32.7% annualized return on common equity, driven by solid underwriting and revenue performance,” said Stephen J. Donaghy, Chief Executive Officer. “Our net loss ratio continues to improve and new business trends are solid, including 8% growth in policies in force.” “Subsequent to quarter end, Hurricane Isaias made landfall near Destin in the western Florida Panhandle as a Category 2 hurricane before quickly weakening as it moved inland. Our claims team responded immediately, deploying field adjusters to affected communities and working directly with policyholders to expedite inspections and claims payments. Our priority remains helping our customers recover and return to normal as quickly as possible. While we recognize the challenges this storm has created for those impacted, claims activity to date has been less significant than initially anticipated.” * 1
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Summary Financial Results ($ in thousands, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 Change 2026 2025 Change GAAP comparison Total revenues $ 439,319 $ 400,981 9.6 % $ 1,259,917 $ 1,195,989 5.3 % Operating income $ 72,229 $ 54,380 32.8 % $ 227,126 $ 159,442 42.5 % Operating income margin 16.4 % 13.6 % 2.8 pts 18.0 % 13.3 % 4.7 pts Net income available to common stockholders$ 52,506 $ 39,827 31.8 % $ 165,980 $ 116,354 42.7 % Diluted earnings per common share $ 1.80 $ 1.38 30.4 % $ 5.73 $ 4.03 42.2 % Annualized ROCE 32.7 % 33.4 % (0.7) pts 37.0 % 35.7 % 1.3 pts Book value per share, end of period $ 23.37 $ 17.65 32.4 % $ 23.37 $ 17.65 32.4 % Non-GAAP comparison Core revenue $ 444,310 $ 400,030 11.1 % $ 1,261,848 $ 1,195,823 5.5 % Adjusted operating income $ 77,220 $ 53,429 44.5 % $ 229,057 $ 159,276 43.8 % Adjusted operating income margin 17.4 % 13.4 % 4.0 pts 18.2 % 13.3 % 4.9 pts Adjusted net income available to commonstockholders $ 56,269 $ 39,110 43.9 % $ 167,436 $ 116,229 44.1 % Adjusted diluted earnings per common share $ 1.93 $ 1.36 41.9 % $ 5.78 $ 4.02 43.8 % Annualized adjusted ROCE 32.3 % 30.6 % 1.7 pts 34.5 % 32.2 % 2.3 pts Adjusted book value per share, end of period $ 25.90 $ 18.74 38.2 % $ 25.90 $ 18.74 38.2 % Underwriting Summary Premiums: Premiums in force $ 2,228,923 $ 2,135,237 4.4 % $ 2,228,923 $ 2,135,237 4.4 % Policies in force 953,611 883,888 7.9 % 953,611 883,888 7.9 % Direct premiums written $ 608,878 $ 592,774 2.7 % $ 1,736,739 $ 1,656,572 4.8 % Direct premiums earned $ 556,724 $ 534,106 4.2 % $ 1,632,951 $ 1,570,788 4.0 % Ceded premiums earned $ (153,528) $ (174,430) (12.0) % $ (495,580) $ (495,198) 0.1 % Ceded premium ratio 27.6 % 32.7 % (5.1) pts 30.3 % 31.5 % (1.2) pts Net premiums earned $ 403,196 $ 359,676 12.1 % $ 1,137,371 $ 1,075,590 5.7 % Net ratios: Loss ratio 64.6 % 70.2 % (5.6) pts 64.5 % 71.0 % (6.5) pts Expense ratio 26.4 % 26.2 % 0.2 pts 26.3 % 25.4 % 0.9 pts Combined ratio 91.0 % 96.4 % (5.4) pts 90.8 % 96.4 % (5.6) pts Reconciliation of non-GAAP to GAAP financial measures are provided in the attached tables. Adjusted net income (loss) available to commonstockholders, adjusted diluted earnings (loss) per common share and core revenue exclude net realized gains (losses) on investments and netchange in unrealized gains (losses) on investments. Adjusted operating income (loss) excludes the items above and interest and amortization ofdebt issuance costs. Adjusted book value per share excludes accumulated other comprehensive income (loss), net of taxes. Adjusted ROCE iscalculated by dividing annualized adjusted net income (loss) available to common stockholders by average adjusted common stockholders’ equity,with the denominator further excluding current period after-tax net realized gains (losses) on investments and net change in unrealized gains(losses) on investments. 1 1 2
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Net Income and Adjusted Net Income Net income available to common stockholders was $52.5 million, compared to net income of $39.8 million in the prior year quarter, and adjusted net income available to common stockholders was $56.3 million, compared to adjusted net income of $39.1 million in the prior year quarter. The higher adjusted net income available to common stockholders mostly stems from higher underwriting and net investment income. Revenues Revenue was $439.3 million, up 9.6% from the prior year quarter and core revenue was $444.3 million, up 11.1% from the prior year quarter. The increase in core revenue primarily stems from higher net premiums earned and net investment income. Direct premiums written were $608.9 million, up 2.7% from the prior year quarter. The increase stems from 18.5% growth in other states, partly offset by a 3.3% decrease in Florida. Overall growth mostly reflects higher policies in force across our multi-state footprint. Direct premiums earned were $556.7 million, up 4.2% from the prior year quarter. The increase stems from direct premiums written growth over the past twelve months. The ceded premium ratio was 27.6%, down from 32.7%, in the prior year quarter. The decrease primarily reflects Universal’s new reinsurance program, which incepted on June 1, 2026. Net premiums earned were $403.2 million, up 12.1% from the prior year quarter. The increase is primarily attributable to higher direct premiums earned and a lower ceded premium ratio, as described above. Net investment income was $21.5 million, up from $18.3 million in the prior year quarter. The increase stems from higher invested assets and fixed income reinvestment yields. Commissions, policy fees and other revenue were $19.6 million, down 10.8% from the prior year quarter. The decrease primarily reflects Universal’s new reinsurance program. Margins The operating income margin was 16.4%, compared to an operating income margin of 13.6% in the prior year quarter. The adjusted operating income margin was 17.4%, compared to an adjusted operating income margin of 13.4% in the prior year quarter. The higher adjusted operating income margin primarily stems from a lower net combined ratio. The net loss ratio was 64.6%, down 5.6 points compared to the prior year quarter. The decrease primarily reflects a lower ceded premium ratio. The net expense ratio was 26.4%, up 0.2 points from 26.2% in the prior year quarter. The increase was driven by higher policy acquisition costs associated with growth outside Florida and higher other operating costs and expenses, partly offset by a lower ceded premium ratio. The net combined ratio was 91.0%, down 5.4 points compared to the prior year quarter. The decrease reflects a lower net loss ratio, partly offset by a higher net expense ratio, as described above. 3
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Capital Deployment During the third quarter, the Company repurchased approximately 174 thousand shares at an aggregate cost of $7.4 million. The Company’s current share repurchase authorization program has approximately $1.1 million remaining. On July 8, 2026, the Board of Directors declared a quarterly cash dividend of 16 cents per share of common stock, payable on August 7, 2026, to shareholders of record as of the close of business on July 31, 2026. Conference Call and Webcast • Friday, October 23, 2026 at 10:00 a.m. ET • Investors and other interested parties may listen to the call by accessing the online, real-time webcast at universalinsuranceholdings.com/investors or by registering in advance via teleconference at https://register- conf.media-server.com/register/BI2f99a141d3be4c6f9d7d63b02b65192c. Once registration is completed, participants will be provided with a dial-in number containing a personalized conference code to access the call. An online replay of the call will be available at universalinsuranceholdings.com/investors soon after the investor call concludes. About Universal Universal Insurance Holdings, Inc. (NYSE: UVE) is a holding company providing property and casualty insurance and value-added insurance services. We develop, market, and write insurance products in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We provide insurance products in the United States through both our appointed independent agents and our direct online distribution channels. Learn more at universalinsuranceholdings.com or get an insurance quote at Clovered.com. Non-GAAP Financial Measures and Key Performance Indicators This press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the U.S. Securities and Exchange Commission (“SEC”), including core revenue, adjusted net income (loss) available to common stockholders and diluted adjusted earnings (loss) per common share, which exclude the impact of net realized gains (losses) on investments and net change in unrealized gains (losses) on investments. Adjusted operating income (loss) and adjusted operating income (loss) margin exclude the impact of net realized gains (losses) on investments and net change in unrealized gains (losses) on investments and interest and amortization of debt issuance costs. Adjusted common stockholders’ equity and adjusted book value per share exclude accumulated other comprehensive income (loss) (AOCI), net of taxes. Adjusted return on common equity excludes after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments from the numerator and AOCI, net of taxes, and current period after-tax net realized gains (losses) on investments and net change in unrealized gains (losses) on investments from the denominator. A “non-GAAP financial measure” is generally defined as a numerical measure of a company’s historical or future performance that excludes or includes amounts, or is subject to adjustments, so as to be different from the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (“GAAP”). UVE management believes that these non-GAAP financial measures are meaningful, as they allow investors to evaluate underlying revenue and profitability trends and enhance comparability across periods. When considered together with the GAAP financial measures, management believes these metrics provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionately positive or negative impact on results in any particular period. UVE management also believes that these non-GAAP financial measures enhance the ability of investors to analyze UVE’s business trends and to understand UVE’s operational performance. UVE’s management utilizes these non-GAAP financial measures as guides in long-term planning. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior 4
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to, financial measures presented in accordance with GAAP. For more information regarding our key performance indicators, please refer to the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Key Performance Indicators” in our forthcoming Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “will,” “plan,” and similar expressions identify forward- looking statements, which speak only as of the date the statement was made. Such statements may include commentary on plans, products and lines of business, marketing arrangements, reinsurance programs, other business developments, projections, and estimates, and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Important factors that could cause our actual results or performance to differ materially from those contained in or implied by our forward- looking statements include, but are not limited to, the following: • we may face significant losses, and our financial results may vary from period to period, due to exposure to catastrophic events and severe weather conditions, the frequency and severity of which could be affected by climate change; • if we fail to adequately price the risks we underwrite and/or the estimates we make, or if emerging trends outpace our ability to adjust prices timely, or if we lose desirable exposures to competitors by overpricing our risks, we may experience underwriting losses depleting surplus at our risk-bearing insurance subsidiaries and capital at the holding company; • unanticipated increases in the severity or frequency of claims adversely affect our profitability and financial condition; • the failure of the risk mitigation strategies we utilize could have a material adverse effect on our financial condition or results of operations; and • the risks and uncertainties, as they may be amended from time to time, set forth in our filings with the U.S. Securities and Exchange Commission, including under the heading “Risk Factors” and “Liquidity and Capital Resources” in our most recent Annual Report on Form 10-K, and supplemented in our subsequent Quarterly Reports on Form 10-Q. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. There may be other factors not presently known to us or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statements we make. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information regarding risk factors that could affect the Company’s operations and future results, refer to the Company’s reports filed with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K and the most recent quarterly reports on Form 10-Q. Investors/Media: Arash Soleimani, CFA, CPA, CPCU, ARe Chief Strategy Officer 954-804-8874 asoleimani@universalproperty.com 5
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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) September 30, December 31, 2026 2025 (unaudited) ASSETS: Invested Assets Fixed maturities, at fair value, net $ 1,474,856 $ 1,431,028 Equity securities, at fair value 117,710 85,420 Other investments, at fair value 8,099 10,693 Investment real estate, net 5,316 5,463 Total invested assets 1,605,981 1,532,604 Cash and cash equivalents 569,461 408,868 Restricted cash and cash equivalents 68,635 68,970 Prepaid reinsurance premiums 409,251 291,031 Reinsurance recoverables 157,038 232,918 Premiums receivable, net 98,155 75,721 Property and equipment, net 47,876 49,349 Deferred policy acquisition costs 144,706 128,564 Income taxes recoverable 15,009 — Deferred income tax asset, net 35,340 27,658 Goodwill 2,319 2,319 Other assets 29,799 21,693 TOTAL ASSETS $ 3,183,570 $ 2,839,695 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES: Unpaid losses and loss adjustment expenses $ 616,079 $ 680,712 Unearned premiums 1,195,747 1,091,959 Advance premium 80,422 61,847 Income taxes payable — 28,554 Reinsurance payable, net 453,650 257,242 Commission payable 37,041 26,307 Debt, net of issuance costs 97,336 100,481 Other liabilities and accrued expenses 57,259 41,558 Total liabilities 2,537,534 2,288,660 STOCKHOLDERS' EQUITY: Cumulative convertible preferred stock — — Common stock 483 482 Treasury shares, at cost - 20,731 and 20,226, respectively (324,243) (305,064) Additional paid-in capital 130,188 124,319 Accumulated other comprehensive income (loss), net of taxes (69,938) (26,151) Retained earnings 909,546 757,449 Total stockholders' equity 646,036 551,035 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,183,570 $ 2,839,695 Notes: Cumulative convertible preferred stock ($0.01 par value): Authorized - 1,000 shares; 10 issued and 10 outstanding; Minimum liquidationpreference - $9.99 and $9.99 per share. Common stock ($0.01 par value): Authorized - 55,000 shares; 48,372 and 48,234 issued; 27,641 and 28,008 outstanding, respectively. 2 3 2 3
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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 REVENUES Net premiums earned $ 403,196 $ 359,676 $ 1,137,371 $ 1,075,590 Net investment income 21,478 18,337 61,178 51,655 Net realized gains (losses) on investments 973 (345) 2,964 4,921 Net change in unrealized gains (losses) on investments(5,964) 1,296 (4,895) (4,755) Commission revenue 11,841 14,598 40,352 46,727 Policy fees 5,634 5,389 16,655 15,485 Other revenue 2,161 2,030 6,292 6,366 Total revenues 439,319 400,981 1,259,917 1,195,989 EXPENSES Losses and loss adjustment expenses 260,488 252,279 733,146 763,139 Policy acquisition costs 71,486 63,594 204,026 186,046 Other operating costs and expenses 35,116 30,728 95,619 87,362 Total operating costs and expenses 367,090 346,601 1,032,791 1,036,547 Interest and amortization of debt issuance costs 2,081 1,603 5,671 4,823 Income before income tax expense 70,148 52,777 221,455 154,619 Income tax expense 17,639 12,947 55,467 38,257 NET INCOME $ 52,509 $ 39,830 $ 165,988 $ 116,362 UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES SHARE AND PER SHARE INFORMATION (in thousands, except per share data) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Weighted average common shares outstanding -basic 27,607 27,851 27,546 27,971 Weighted average common shares outstanding -diluted 29,185 28,808 28,968 28,903 Shares outstanding, end of period 27,641 28,048 27,641 28,048 Basic earnings per common share $ 1.90 $ 1.43 $ 6.03 $ 4.16 Diluted earnings per common share $ 1.80 $ 1.38 $ 5.73 $ 4.03 Cash dividend declared per common share$ 0.16 $ 0.16 $ 0.48 $ 0.48 Book value per share, end of period $ 23.37 $ 17.65 $ 23.37 $ 17.65 Annualized return on average common equity (ROCE)32.7 % 33.4 % 37.0 % 35.7 % 7
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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES SUPPLEMENTARY INFORMATION (in thousands, except for Policies In Force data) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Premiums Direct premiums written - Florida$ 414,404 $ 428,635 $ 1,228,514 $ 1,222,395 Direct premiums written - Other States194,474 164,139 508,225 434,177 Direct premiums written - Total $ 608,878 $ 592,774 $ 1,736,739 $ 1,656,572 Direct premiums earned $ 556,724 $ 534,106 $ 1,632,951 $ 1,570,788 Net premiums earned $ 403,196 $ 359,676 $ 1,137,371 $ 1,075,590 Underwriting Ratios - Net Loss ratio 64.6 % 70.2 % 64.5 % 71.0 % Expense ratio 26.4 % 26.2 % 26.3 % 25.4 % Policy acquisition cost ratio 17.7 % 17.7 % 17.9 % 17.3 % Other operating costs and expenses ratio8.7 % 8.5 % 8.4 % 8.1 % Combined ratio 91.0 % 96.4 % 90.8 % 96.4 % As of September 30, 2026 2025 Policies in force Florida 598,104 561,546 Other States 355,507 322,342 Total 953,611 883,888 Premiums in force Florida $ 1,567,671 $ 1,572,199 Other States 661,252 563,038 Total $ 2,228,923 $ 2,135,237 Total Insured Value Florida $ 198,396,329 $ 184,971,114 Other States 231,171,948 200,031,575 Total $ 429,568,277 $ 385,002,689 8
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UNIVERSAL INSURANCE HOLDINGS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in thousands, except for per share data) GAAP revenue to core revenue Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 GAAP revenue $ 439,319 $ 400,981 $ 1,259,917 $ 1,195,989 less: Net realized gains (losses) on investments 973 (345) 2,964 4,921 less: Net change in unrealized gains (losses) on investments(5,964) 1,296 (4,895) (4,755) Core revenue $ 444,310 $ 400,030 $ 1,261,848 $ 1,195,823 GAAP operating income to adjusted operating income Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 GAAP income before income tax expense $ 70,148 $ 52,777 $ 221,455 $ 154,619 add: Interest and amortization of debt issuance costs 2,081 1,603 5,671 4,823 GAAP operating income 72,229 54,380 227,126 159,442 less: Net realized gains (losses) on investments 973 (345) 2,964 4,921 less: Net change in unrealized gains (losses) on investments(5,964) 1,296 (4,895) (4,755) Adjusted operating income $ 77,220 $ 53,429 $ 229,057 $ 159,276 GAAP operating income margin to adjusted operating income margin Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 GAAP operating income (a) $ 72,229 $ 54,380 $ 227,126 $ 159,442 GAAP revenue (b) 439,319 400,981 1,259,917 1,195,989 GAAP operating income margin (a÷b) 16.4 % 13.6 % 18.0 % 13.3 % Adjusted operating income (c) 77,220 53,429 229,057 159,276 Core revenue (d) 444,310 400,030 1,261,848 1,195,823 Adjusted operating income margin (c÷d) 17.4 % 13.4 % 18.2 % 13.3 % 9
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GAAP net income (NI) to adjusted NI available to common stockholders Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 GAAP NI $ 52,509 $ 39,830 $ 165,988 $ 116,362 less: Preferred dividends 3 3 8 8 GAAP NI available to common stockholders (e) 52,506 39,827 165,980 116,354 less: Net realized gains (losses) on investments 973 (345) 2,964 4,921 less: Net change in unrealized gains (losses) on investments(5,964) 1,296 (4,895) (4,755) add: Income tax effect on above adjustments (1,228) 234 (475) 41 Adjusted NI available to common stockholders (f)$ 56,269 $ 39,110 $ 167,436 $ 116,229 Weighted average diluted common shares outstanding (g) 29,185 28,808 28,968 28,903 Diluted earnings per common share (e÷g) $ 1.80 $ 1.38 $ 5.73 $ 4.03 Diluted adjusted earnings per common share (f÷g) $ 1.93 $ 1.36 $ 5.78 $ 4.02 GAAP stockholders’ equity to adjusted common stockholders’ equity As of September 30, December 31, 2026 2025 2025 GAAP stockholders’ equity $ 646,036 $ 495,043 $ 551,035 less: Preferred equity 100 100 100 Common stockholders’ equity (h) 645,936 494,943 550,935 less: Accumulated other comprehensive income (loss), net oftaxes (69,938) (30,755) (26,151) Adjusted common stockholders’ equity (i) $ 715,874 $ 525,698 $ 577,086 Common shares outstanding (j) 27,641 28,048 28,008 Book value per common share (h÷j) $ 23.37 $ 17.65 $ 19.67 Adjusted book value per common share (i÷j) $ 25.90 $ 18.74 $ 20.60 GAAP return on common equity (ROCE) to adjusted ROCE Three Months Ended Nine Months Ended Year Ended September 30, September 30, December 31, 2026 2025 2026 2025 2025 Actual or Annualized NI available to commonstockholders (k) $ 210,024 $ 159,308 $ 221,307 $ 155,139 $ 182,941 Average common stockholders’ equity (l) 641,496 476,326 598,436 434,047 462,043 Actual or Annualized ROCE (k÷l) 32.7 % 33.4 % 37.0 % 35.7 % 39.6 % Annualized adjusted NI available to commonstockholders (m) $ 225,076 $ 156,440 $ 223,248 $ 154,972 $ 179,532 Adjusted average common stockholders’equity(n) 696,106 511,736 647,208 480,945 504,997 Actual or Annualized Adjusted ROCE (m÷n) 32.3 % 30.6 % 34.5 % 32.2 % 35.6 % Adjusted average common stockholders’ equity excludes current period after-tax net realized gains (losses) on investments and netchange in unrealized gains (losses) on investments. 4 4 10