Universal Insurance Holdings Launches Universal Direct in Minnesota and Writes First Policy

Universal Direct® Now Available in Two States

Fort Lauderdale, FL, June 16, 2016 - Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal Direct® (www.universaldirect.com), its Direct-to-Consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, has written its first homeowners insurance policy in Minnesota. With the addition of Minnesota, Universal Direct® is now available to customers in two states, including Pennsylvania, with the intention to add additional states in the coming months. Independent appointed agents operating in Minnesota and Pennsylvania have the opportunity to receive commissions from policies written by UPCIC via Universal Direct®.

Sean P. Downes, the Company's Chairman and Chief Executive Officer, stated, "With Universal Direct®, we are simplifying the process of purchasing homeowners insurance by providing customers an easy-to-use online platform to directly purchase, pay for and bind policies without the need to interface with any intermediaries. The feedback from customers who have purchased policies through Universal Direct® has been encouraging, and we look forward to further growing this unique offering."

For additional information about Universal Direct®, please visit www.universaldirect.com.

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, Delaware, Indiana, Pennsylvania, Minnesota and Michigan. 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 Form 10-K for the year ended December 31, 2015 and the Form 10-Q for the quarter ended March 31, 2016.



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