Universal Insurance Holdings, Inc. Announces That UPCIC Has Received Approval of Homeowners’ Rates and Forms in Georgia

FORT LAUDERDALE, FL–(Marketwire – Aug 17, 2011) – Universal Insurance Holdings, Inc. (“Company”) (NYSE Amex: UVE) announced that the Georgia department of insurance approved the homeowners’ rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (“UPCIC”). UPCIC expects to begin to write homeowners’ insurance in Georgia in the near future.

About Universal Insurance Holdings, Inc.
Universal Insurance Holdings, Inc. is a vertically integrated insurance holding company, which through its subsidiaries, covers substantially all aspects of insurance underwriting, distribution, claims processing and exposure management. Universal Property & Casualty Insurance Company (“UPCIC”), a wholly-owned subsidiary of the Company, is one of the three leading writers of homeowners’ insurance in Florida and is now fully licensed and operating in Hawaii, North Carolina and South Carolina. 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, 2010 and the Form 10-Q for the quarter ended June 30, 2011.