UNIVERSAL INSURANCE HOLDINGS, INC. ANNOUNCES THAT UPCIC HAS WRITTEN FIRST HOMEOWNERS INSURANCE POLICY IN INDIANA

Fort Lauderdale, FL, January 20, 2015 - Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that the Indiana Department of Insurance has approved the homeowners insurance forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company ("UPCIC"), and that UPCIC has subsequently written its first homeowners insurance policy in Indiana.

Sean P. Downes, the Company's Chairman, President and Chief Executive Officer, stated, "We are pleased to write our first homeowners insurance policy in Indiana, the Company’s ninth state of operation. Demand for our insurance products and services remain healthy, supporting our successful geographic expansion efforts. We look forward to expanding our network of independent agents in Indiana and offering our insurance products to citizens of the state."

UPCIC is one of the leading writers of homeowners insurance in Florida and is fully licensed to offer its homeowners insurance products in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana and Pennsylvania.

About Universal Insurance Holdings, Inc. Universal Insurance Holdings, Inc., with its wholly-owned subsidiaries, is a vertically integrated insurance holding company performing all aspects of insurance underwriting, distribution and claims. Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of the Company, is one of the leading writers of homeowners insurance in Florida and is now fully licensed and has commenced its operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland and Delaware. American Platinum Property and Casualty Insurance Company, also a wholly-owned subsidiary, currently writes homeowners multi-peril insurance on Florida homes valued in excess of $1 million, which are limits and coverages currently not targeted through its affiliate UPCIC. For additional information on the Company, please visit our investor relations website at www.universalinsuranceholdings.com.

Forward-Looking Statements and Risk Factors 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," 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 and other business developments and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described and the Company undertakes no obligation to correct or update any forward-looking statements. 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 Form 10-K for the year ended December 31, 2013 and the Form 10-Q for the quarter ended September 30, 2014.



Investor Contact:
Andy Brimmer / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449