Universal Insurance Holdings, Inc. Declares Cash Dividend of $0.08 per Share

Mon Sep 10, 2012 5:09pm EDT

* Reuters is not responsible for the content in this press release.

  FORT LAUDERDALE, FL, Sep 10 (Marketwire) -- 
Universal Insurance Holdings, Inc. ("Company") (NYSE MKT: UVE) announced
today that its board of directors declared a cash dividend of $0.08 per
share to be paid on October 9, 2012 to shareholders of record on
September 26, 2012. The dividend declaration is consistent with the
Company's prior announcement regarding the board of director's intention
to declare a dividend of $0.08 per share in the third quarter. The board
further intends to declare an additional dividend of the same amount to
shareholders of record in the fourth quarter, which would bring this
year's aggregate declared annual dividend to $0.34 for each share of
common stock. 

    The declaration and payment of future dividends, however, are subject to
the discretion of the board of directors and will be dependent upon
future earnings, cash flows, financial requirements, and other factors.

    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 three leading writers of
homeowners insurance in Florida and is now fully licensed and has
commenced its operations in North Carolina, South Carolina, Hawaii,
Georgia and Massachusetts. American Platinum Property and Casualty
Insurance Company, also a wholly owned subsidiary, currently writes
homeowners multi-peril and inland marine 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
www.universalinsuranceholdings.com.

    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, 2011 and the Form 10-Q for the quarter ended June
30, 2012.

    

Investor Contact:
Philip Kranz
Dresner Corporate Services
312-780-7240
pkranz@dresnerco.com 

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