Universal Insurance Holdings, Inc.

Universal Insurance Holdings, Inc. (UVE) is a holding company that provides property and casualty insurance and related services. The company develops, markets, and underwrites insurance products primarily for personal residential homeowners. UVE also performs most other insurance-related services for its main insurance companies, including risk management, claims management, and distribution. Its primary insurance entities, Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company (APPCIC), offer insurance products through both an independent agent network and online channels. These services are available across a multi-state area, with a primary focus on Florida. The insurance entities aim to achieve an underwriting profit over the long term, defined as earned premium minus losses, loss adjustment expense, policy acquisition costs, and other operating costs and expenses. They also maintain a conservative balance sheet to prepare for years without underwriting profit and generate investment income from assets. UVE has over 25 years of experience in providing protection solutions. The company focuses on disciplined underwriting in suitable markets and maintaining a strong balance sheet supported by its reinsurance program. In recent years, UVE has innovated across its service businesses, including the continued development of its digital agency, Clovered.com, which has 39 carrier partners, and the use of digital applications for claims administration.