Universal Insurance Holdings Announces Proposed Resale of Common Stock Pursuant to Previously Filed Registration Statement

Universal Insurance Holdings

today announced that its President and Chief Executive Officer, Bradley I. Meier, informed the Company that he intends to offer for resale in an underwritten public offering up to 2,000,000 shares of the Company's common stock previously registered for resale with the U.S. Securities and Exchange Commission (SEC) on a Form S-8 registration statement. Mr. Meier acquired the shares in connection with his employment with the Company. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. Mr. Meier informed the Company that, through the offering, he seeks to diversify his financial holdings and assist in tax planning. Based on Mr. Meier's current beneficial ownership, if all of the 2,000,000 shares are sold, Mr. Meier will beneficially own 10,838,971 shares of common stock, or approximately 27 percent of the Company's outstanding common stock. The Company will not receive any proceeds from the sale of the shares.