Arch Capital Group delivered a 19.5% earnings surprise with EPS of $2.98 and a 1.97% revenue beat, triggering a pullback in property and casualty insurers. Universal Insurance shares slid 3.63% as investors recalibrated expectations based on the peer outperformance.

Universal Insurance is projected to post Q4 earnings of $1.30 per share, representing a 420% increase versus year-ago results, on revenues of $372.99 million, down 3.1% year-over-year. Both consensus EPS and revenue estimates have held steady over the last 30 days, reflecting market confidence in the forecast.

The contrast between Arch Capital’s strong beat and Universal Insurance’s modest revenue decline may put pressure on Universal’s valuation multiples. Investors will be watching Universal’s upcoming earnings release for management commentary and guidance that could shape the stock’s near-term trajectory.