UPCIC Applies for Expansion Into 3 Additional States

Universal Insurance Holdings, Inc. announced that its subsidiary, Universal Property & Casualty Insurance Company, has applied to expand into Indiana, Minnesota and Delaware.

According to a release, UPCIC is a writer of homeowners insurance in Florida and a fully licensed operator in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts and Maryland.

Sean P. Downes, the Company's Chairman, President and Chief Executive Officer, stated, "Geographic diversification comprises a core component of our strategy to drive growth and increase shareholder value. By leveraging our experience as a leading writer of homeowners insurance in Florida, we have extended UPCIC's footprint and profitable business model to seven markets in total over the past five years. We believe this is an opportune time to seek entry into new markets, supported by our strong financial position and positive industry dynamics."

UPCIC has submitted applications to the respective regulatory entities in Indiana, Minnesota and Delaware, and all three states have confirmed receipt of the applications. The Company looks forward to working with each state during the review process.

More information:

www.universalinsuranceholdings.com

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