Hello and welcome to the Fourth Quarter and Full Year 2015 Earnings Presentation for Universal Insurance Holdings, Inc. I'm Frank Wilcox, Chief Financial Officer. Making the presentation with me today are Sean Downes, Chairman, President and Chief Executive Officer; and Jon Springer, our Director, Executive Vice President and Chief Operating Officer. Earlier today we filed our Form 10-K with the Securities and Exchange Commission and issued our earnings release. To find copies of these documents, please visit the Financial Information and Press Releases sections our website at www.universalinsuranceholdings.com.
Our SEC filings can also be found on the SEC's website. In addition, an audio recording of this presentation will be available on the home page of our website until March 24, 2016. Before we begin, please note that this presentation may contain forward-looking statements about our business and financial results. Forward-looking statements reflect our current views regarding future events and are typically associated with the use of words such as believe, expect, anticipate, and similar expressions.
We caution those listening, including investors not to rely solely on forward-looking statements as they imply risks and uncertainties, some of which cannot be predicted or quantified and future results could differ materially from our expectations. We encourage you to carefully consider the risks described in our SEC filings with the SEC, which are available on the SEC's website or the SEC filings section of our website. We do not undertake any obligation to update or correct any forward-looking statements.
With that said, I'd like to turn the presentation over to Sean Downes.
Sean P. Downes
Thank you, Frank and thank you all for joining us as we review our results for the fourth quarter and full year 2015. I would like to begin by providing some highlights from the quarter and year and then take a moment to review our strategy and growth initiatives. Jon will then discuss our operational highlights and Frank will conclude by discussing our financial results. We are pleased to have delivered another record quarter in the fourth quarter, concluding a historically strong year, in which we achieved the highest earned premiums, total revenues, net income and diluted EPS in the company's history.
For the fourth quarter net income was $29.2 million, an increase of 39% year-over-year and diluted EPS was $0.82. For the full year, we delivered net income of $106.5 million, a 46% year-over-year increase with diluted EPS of $2.97. These record results highlight the consistent execution of our growth strategy across all aspects of our business and the hard work of our employees and our peer leading network of approximately 7,800 independent agents. Thanks to their efforts, UPCIC has grown to become the largest private homeowners' insurance provider in Florida. With an expanding presence in 15 additional states outside of Florida, supporting our success is our consistent focus on maintaining disciplined underwriting standards as we seek to grow our business on an entirely organic basis.
Our results demonstrate that this approach is working. Thanks to our organic growth strategy and the
Chief Financial Officer
Sean P. Downes
Chairman, President and Chief Executive Officer
Jon W. Springer
Chief Operating Officer
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