UNIVERSAL INSURANCE HOLDINGS, INC. FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

Item 8.01 Other Events

Universal Property & Casualty Insurance Company ("UPCIC") and American Platinum
Property and Casualty Insurance Company ("APPCIC" and together with UPCIC, the
"Insurance Entities"), each a wholly-owned subsidiary of Universal Insurance
Holdings, Inc. ("UIH" or the "Company"), have completed the placement of their
respective 2022-2023 reinsurance programs, effective June 1, 2022.

The Insurance Entities are responsible for insured losses related to
catastrophic events in excess of coverage provided by their reinsurance
programs. The Insurance Entities also remain responsible for insured losses
notwithstanding the failure of any reinsurer to make payments otherwise due to
the Insurance Entities. The Insurance Entities' inability to satisfy valid
insurance claims resulting from catastrophic events could have a material
adverse effect on the Company's results of operations, financial condition and
liquidity.

UPCIC's 2022-2023 Reinsurance Program

•First event All States retention of $45 million.

•All States first event tower extends to $3.161 billion with no co-participation
in any of the layers, no limitation on loss adjustment expenses for the
non-catastrophe bond Cosaint Re Pte. Ltd. traditional reinsurance and no
accelerated deposit premiums.

•Assuming a first event completely exhausts the $3.161 billion tower, the second
event exhaustion point would be $1.183 billion.

•Full reinstatement available on $1.138 billion of the $1.288 billion of
non-FHCF first event catastrophe coverage for guaranteed second event coverage.
For all layers purchased between $111 million and the projected Florida
Hurricane Catastrophe Fund ("FHCF") retention, to the extent that all of our
coverage or a portion thereof is exhausted in a catastrophic event and
reinstatement premium is due, we have purchased enough reinstatement premium
protection ("RPP") limit to pay the premium necessary for the reinstatement of
these coverages.
•First event layer of 100% of $66 million in excess of $45 million established
by UIH in captive insurance arrangement. While the Company retains the risk that
otherwise would be transferred to third party-reinsurers for this layer, the
additional risk is substantially offset by the savings in premiums that would
otherwise have been paid to third-party reinsurers.
•Specific 2nd event private market excess of loss coverage of $66 million in
excess of $45 million sitting behind captive arrangement.
•Specific 3rd and 4th event private market catastrophe excess of loss coverage
of $86 million in excess of $25 million provides frequency protection for
multiple events during the treaty period including a $20 million reduction in
retention for a 3rd and 4th event..
•For the FHCF Reimbursement Contracts effective June 1, 2022, UPCIC has
continued the election of the 90% coverage level. We estimate the total
mandatory FHCF layer will provide approximately $1.827 billion of coverage for
UPCIC, which inures to the benefit of the open market coverage secured from
private reinsurers and Cosaint Re Pte. Ltd.)
•To further insulate for future years, UPCIC has secured $383 million of
catastrophe capacity with contractually agreed limits that extend coverage to
include the 2022 and 2023 wind seasons and $277M of the $383 million extends
through the 2024 wind season and is all capacity which sits below the Florida
Hurricane Catastrophe Fund. UPCIC's catastrophe bond, secured leading up to the
2021-2022 renewal, Cosaint Re Pte. Ltd, continues to provide one limit of $150
million in this year's program and it may also include the 2023 wind season,
depending on loss activity in the 2022 wind season.

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APPCIC's 2022-2023 Reinsurance Program

•First event All States retention of $3.5 million.

•All States first event tower of $54.6 million with no co-participation in any
of the layers, no limitation on loss adjustment expenses and no accelerated
deposit premiums.

•Full reinstatement available for all private market first event catastrophe
layers for guaranteed second event coverage. For the layer purchased between
$3.5 million and the projected FHCF retention, to the extent that all of our
coverage or a portion thereof is exhausted in a catastrophic event and
reinstatement premium is due, we have purchased enough RPP limit to pay the
premium necessary for the reinstatement of this coverage.

•APPCIC also purchases extensive multiple line excess per risk reinsurance with
various reinsurers due to the high-value risks it insures in both the personal
residential and commercial multiple peril lines of business. Under this multiple
line excess per risk contract, APPCIC has coverage of $8.5 million in excess of
$500 thousand ultimate net loss for each risk and each property loss, and $1
million in excess of $0.3 million for each casualty loss. A $19.5 million
aggregate limit applies to the term of the contract for property-related losses
and a $2.0 million aggregate limit applies to the term of the contract for
casualty-related losses. This contract also contains a profit-sharing feature if
specific performance measures are met.

•For the FHCF Reimbursement Contracts effective June 1, 2022, APPCIC has
continued the election of the 90% coverage level. We estimate the total
mandatory FHCF layer will provide approximately $28.6 million of coverage for
APPCIC, which inures to the benefit of the open market coverage secured from
private reinsurers.

The cost of the 2022-2023 reinsurance programs for UPCIC and APPCIC is projected
to be $696 million, representing approximately 37.6% of estimated direct
premiums earned for the 12-month treaty period.

Press Release

The Company has issued a press release announcing the placement of the 2022-2023
reinsurance programs. Such press release is attached to this report as Exhibit
99.1 and is incorporated herein by reference.

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, including those risks and uncertainties
described under the heading "Risk Factors" and "Liquidity and Capital Resources"
in our 2021 Annual Report on Form 10-K, and supplemented in our subsequent
Quarterly Reports on Form 10-Q. 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 and the most recent quarterly
reports on Form 10-Q.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

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Exhibit Number                   Description

  99.1                             Press Release dated May     31    , 2022    .

104                              The cover page from this Current Report on Form 8-K formatted in
                                 Inline XBRL (included as Exhibit 101).

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