Press Release /
September 1, 2010

Universal Insurance Holdings, Inc. Subsidiary UPCIC to Offer Homeowners Insurance Through GEICO Agents in North Carolina

FORT LAUDERDALE, FL–(Marketwire – September 1, 2010) –  Universal Insurance Holdings, Inc. (the Company or Universal) (NYSE Amex: UVE), a vertically integrated insurance holding company, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) has entered into an agreement with GEICO to make UPCIC’s personal residential insurance products available through 137 GEICO agents licensed in North Carolina. Through GEICO Insurance Agency, Inc., GEICO offers its customers opportunities to obtain insurance products from unaffiliated insurers that complement GEICO’s auto insurance policies. The agreement between UPCIC and GEICO allows GEICO Insurance Agency’s licensed insurance agents to offer UPCIC’s range of residential insurance products to GEICO customers in North Carolina, including homeowners’, condominium unit owners’ and tenants’ policies.

“GEICO is one of the most widely recognized insurance organizations in the country, and we are pleased to offer our homeowners products in North Carolina through their agents,” said Universal’s Chief Operating Officer Sean Downes. “We look forward to working with GEICO for many years to come to meet the needs of our mutual customers.”

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 five leading writers of homeowners’ insurance in Florida and is now fully licensed and has commenced its operations in Hawaii, North Carolina and South Carolina. For additional information on the Company, please visit our investor relations website at

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurer in the United States according to A.M. Best Company. GEICO provides auto insurance coverage for 9 million policyholders and insures more than 16 million vehicles.

In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), and mobile homes. Coverage for life, boats, homes and apartments is available through the GEICO Insurance Agency. Commercial auto insurance and personal umbrella protection are also available.

As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. For more information, go to

Readers should refer generally to reports filed by the Company with the Securities and Exchange Commission (SEC), specifically the Company’s Form 10-K for the year ended December 31, 2009, and the Company’s Form 10-Q/A for the quarterly period ended March 31, 2010 and Form 10-Q for the quarterly period ended June 30, 2010, 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; competition and its effect on pricing, spending and third-party relationships; the Company’s financial stability rating; product pricing and revenues; and the effect of Federal or state laws and regulations. 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.

Cautionary Language Concerning Forward-Looking Statements
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 “project,” and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include, but not be limited to, projections of revenues, income or loss, expenses, plans, 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 in forward-looking statements.

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