Universal Insurance Holdings, Inc. Announces That UPCIC Received Premium Rate Increases for Its Florida Homeowners and Dwelling Fire Programs

FORT LAUDERDALE, FL–(Marketwire – Feb 7, 2013) – Universal Insurance Holdings, Inc. (NYSE MKT: UVE), a vertically integrated insurance holding company, announced that on January 7, 2013, Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary, received approval from the Florida Office of Insurance Regulation (OIR) of a rate increase for its homeowners insurance program within the State of Florida. The rate increase will result in an average premium increase of approximately 14.1 percent statewide across all forms. Effective dates for the rate increase are January 18, 2013, for new business and March 9, 2013, for renewal business.

Additionally, on January 11, 2013, UPCIC received approval from the OIR of a rate increase for its dwelling fire insurance program within the State of Florida. The rate increase will result in an average premium increase of approximately 14.5 percent statewide across all forms. Effective dates for the rate increase are January 14, 2013, for new business and March 3, 2013, for renewal business.

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 three 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 and Maryland. American Platinum Property and Casualty Insurance Company (APPCIC), 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, 2011 and the Form 10-Q for the quarter ended September 30, 2012.