Press Release /
June 2, 2015

Universal Insurance Holdings, Inc. Insurance Subsidiaries Complete 2015-2016 Reinsurance Programs

Eliminate Quota Share and Achieve Cost Savings on Catastrophe Excess

Fort Lauderdale, FL, June 2, 2015 – Universal Insurance Holdings, Inc. (NYSE: UVE) announced 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 2015-2016 reinsurance programs effective June 1, 2015. The largest private participants in the insurance subsidiaries’ reinsurance programs include Nephila Capital, Everest Re, Renaissance Re, ACE Tempest Re and Lloyd’s of London syndicates.

“June 1, 2015 marks a milestone for our Company in that we are now retaining 100% of our business,” said Sean P. Downes, president and chief executive officer of the Company. “We are pleased with the completion and outcome of the 2015-2016 reinsurance programs for both of our insurance companies. This year, our primary focus was to successfully eliminate the quota share, reassume the unearned premium and protect the Company with the necessary additional catastrophe excess coverage. Not only did we successfully accomplish these goals, but we were also able to improve the multiple year aspects embedded within our catastrophe excess program framework, combine the exposures of all states into a single catastrophe tower and further enhance coverage terms. We did all of this while achieving further cost savings over the 2014-15 period.”

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 fully licensed and has commenced its operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana and Pennsylvania. 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, 2014 and the Form 10-Q for the quarter ended March 31, 2015.

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