Universal Insurance Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net premiums earned of $159,534,000, income before income taxes of $44,163,000, net income of $26,882,000 or $0.75 per diluted share and net premiums earned of $146,153,000, income before income taxes of $47,900,000, net income of $30,298,000 or $0.84 per diluted share a year ago. The increase in net earned premiums is due entirely from organic growth in policies in force. Net income was offset by $11 million of pre-tax net losses and loss adjustment expenses attributable to severe weather in 2016 including Hurricane Hermine. These losses and loss adjustment expenses were incremental to amounts provided for in the underlying loss ratio based on historical experience for such events. Book value per common share also reached an all-time high of $10.66 as September 30, 2016 compared to $8.34 as of December 31, 2015. Total revenue of $172.4 million, a 9.8% increase over the same period in 2015. For the nine months, the company reported net premiums earned of $468,443,000, income before income taxes of $140,156,000, net income of $85,756,000 or $2.41 per diluted share and net premiums earned of $353,401,000, income before income taxes of $127,143,000, net income of $77,332,000 or $2.15 per diluted share a year ago. The company expects that the company full year effective rate for 2016 should be somewhere between 38.8% to 39.1%.