Press Release /
June 2, 2014

Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2014-2015 Reinsurance Programs

Achieve Significant Cost Savings over Prior Year Programs

Fort Lauderdale, FL, June 2, 2014 – Universal Insurance Holdings, Inc. (NYSE: UVE) announced today the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC”), the Company’s wholly-owned insurance company subsidiaries, of their 2014-2015 reinsurance programs effective June 1, 2014. The largest private participants in the insurance subsidiaries’ reinsurance programs include Odyssey Re, Everest Re, Renaissance Re, Nephila Capital, ACE Tempest Re and Lloyd’s of London syndicates.

“We are pleased with the completion and outcome of the 2014-2015 reinsurance programs for our insurance companies,” said Sean Downes, president and chief executive officer of the Company. “We are uniquely positioned in the marketplace with the reinsurance expertise we maintain in-house. This year, we were able to realize extraordinary cost reductions within our reinsurance programs largely due to our exposure management actions and the diligent preparation by our reinsurance team. Not only did we achieve substantial savings within our programs over the 2013-2014 period, but we also made significant structural and coverage enhancements further protecting the insurance companies in preparation for the 2014 hurricane season.”

The Company has filed a Current Report on Form 8-K with the Securities and Exchange Commission which provides additional details regarding the program.

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 and Maryland. 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

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, 2013 and the Form 10-Q for the quarter ended March 31, 2014.

Investor Contact:
Andy Brimmer / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer Katcher