UNIVERSAL INSURANCE HOLDINGS, INC. LAUNCHES UNIVERSAL DIRECT IN FLORIDA, HAWAII AND NORTH CAROLINA

Fort Lauderdale, FL, September 26, 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, is now available to homeowners in Florida, Hawaii and North Carolina. With these additions, Universal Direct℠ is now available in ten states, including Delaware, Georgia, Indiana, South Carolina, Pennsylvania, Minnesota and Alabama.

"The expansion of Universal Direct℠ into these new markets is a testament to the positive feedback we continue to receive from consumers for this unique online platform,” said Sean P. Downes, the Company's Chairman and Chief Executive Officer. “As we continue to roll out Universal Direct℠ to new markets, our uncompromising focus on providing customers with high quality service through our vertically-integrated business model remains a top priority. We are pleased with the success of Universal Direct℠ to date and will continue to invest in the platform to meet the rising demand from our customers for convenient and flexible insurance solutions."

The Company has written its first policies through Universal Direct℠ in Florida, Hawaii and North Carolina. Independent appointed agents operating in Florida, Hawaii and North Carolina have the opportunity to receive commissions from policies written by UPCIC via Universal Direct℠.

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 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 operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana, Pennsylvania, Minnesota, Michigan and Alabama. 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.



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