Press Release /
January 16, 2009

Universal Insurance Holdings, Inc. Declares Ten Cent Cash Dividend


FORT LAUDERDALE, FL — (MARKET WIRE) — 01/16/2009 — Universal Insurance Holdings, Inc. ("Company") (NYSE Alternext US: UVE) (AMEX: UVE), a vertically integrated insurance holding company, announced today that its board of directors declared a dividend of $0.10 per share on its common stock. The dividend is payable on March 4, 2009 to shareholders of record as of February 12, 2009.

The board of directors’ decision to declare a dividend of ten cents reflects the Company’s positive results and profits through the third quarter ended September 30, 2008, as detailed in its most recently filed Form 10-Q with the Securities and Exchange Commission. Future cash dividend payments are necessarily subject to business conditions, the Company’s financial position, and requirements for working capital and other corporate purposes. During the past two years the company paid dividends on its common stock aggregating 69 cents a share. The Company’s board of directors intends to consider declaring dividends on a quarterly basis.

About Universal Insurance Holdings, Inc.

The Company is a vertically integrated insurance holding company. Through its subsidiaries, the Company is currently engaged in insurance underwriting, distribution and claims. UPCIC, which generates revenue from the collection and investment of premiums, is one of the top five writers of homeowners’ insurance policies in the state of Florida.

Readers should refer generally to reports filed by the Company with the Securities and Exchange Commission (SEC), specifically the Company’s Form 10-KSB for the year ended December 31, 2007, and the Company’s Form 10-Q for the quarterly period ended September 30, 2008, for a discussion of the risk factors that could affect its operations. Such factors include, without limitation, exposure to catastrophic losses; reliance on the Company’s reinsurance program; underwriting performance on catastrophe and non-catastrophe risks; the ability to maintain relationships with customers, employees or suppliers; and competition and its effect on pricing, spending, third-party relationships and revenues. Additional factors that may affect future results are contained in the Company’s filings with the SEC, which are available on the SEC’s web site at The Company disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.




Philip Kranz  
Dresner Corporate Services