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Universal Insurance Holdings, Inc. Subsidiary Universal Property Writes First Homeowners Insurance Policy in Illinois

FORT LAUDERDALE, Fla., March 20, 2019 /PRNewswire/ -- Universal Insurance Holdings, Inc. (UVE) announced today that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (Universal Property), has written its first homeowners policy in Illinois. This marks the 18th state where consumers can purchase a Universal Property policy through independent agents or directly through the Universal Property online distribution channel Universal DirectSM.

"We are thrilled to have written our first policy in Illinois, and look forward to creating long standing relationships and serving consumers and independent agents in the state.  We continue to execute on our strategic priorities, expand our addressable market and diversify our book of business to strengthen our foundation for the future," said Universal Insurance Holdings, Inc. Chief Operating Officer Stephen J. Donaghy.

Learn more about purchasing a Universal Property policy online at UniversalProperty.com and UniversalDirect.com.

About Universal Insurance Holdings, Inc.

Universal Insurance Holdings (UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 18 states (primarily Florida). Learn more at UniversalInsuranceHoldings.com.

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," "will, " "plan, " 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 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. 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 Company's Annual Report on Form 10-K filed for the fiscal year ended December 31, 2018.

Investor Relations Contact:
Rob Luther, 954-958-1200 Ext. 6750
VP, Corporate Development, Strategy & IR
rluther@universalproperty.com

Media Relations Contact:
Andy Brimmer / Mahmoud Siddig, 212-355-4449
Joele Frank, Wilkinson Brimmer Katcher

Cision

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