FORT LAUDERDALE, Fla.,
Aug. 31, 2017 /PRNewswire/
-- Universal Insurance Holdings, Inc. (UVE) announced today
that its Board of Directors has declared a cash dividend of
$0.14 per share of common stock to be
paid on October 24, 2017 to
shareholders of record on September 12,
2017. If declared and paid as intended, the annual aggregate
dividend in 2017 will be $0.56 for
each common share.
The declaration and payment of future dividends is subject to
the Board's discretion and will be dependent upon future earnings,
cash flows, financial requirements, and other factors.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings, Inc., with its wholly-owned
subsidiaries, is a vertically integrated insurance holding company
performing all aspects of insurance underwriting, distribution and
claims. Universal Property & Casualty Insurance Company
(UPCIC), a wholly-owned subsidiary of the Company, is one of the
leading writers of homeowners insurance in Florida and is now fully licensed and has
commenced its operations in North
Carolina, South Carolina,
Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana, Pennsylvania, Minnesota, Michigan, Alabama, Virginia, and New
Jersey. American Platinum Property and Casualty Insurance
Company (APPCIC), also a wholly-owned subsidiary, currently writes
homeowners multi-peril insurance on Florida homes valued in excess of $1 million, which are limits and coverages
currently not targeted through its affiliate UPCIC. APPCIC is
additionally licensed and has commenced writing Fire, Commercial
Multi-Peril, and Other Liability lines of business in Florida. 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 Form 10-K for the year ended December 31, 2016 and Form 10-Q for the quarter
ended June 30, 2017.
Contacts:
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Investors
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Media
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Dean Evans
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Andy Brimmer /
Mahmoud Siddig
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VP Investor Relations
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Joele Frank,
Wilkinson Brimmer Katcher
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954-958-1306
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212-355-4449
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de0130@universalproperty.com
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SOURCE Universal Insurance Holdings, Inc.