Universal Insurance Holdings, Inc. (NYSE:UVE) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Company Participants Arash Soleimani - Chief Strategy Officer Steve Donaghy - Chief Executive Officer Frank Wilcox - Chief Financial Otter Conference Call Participants Nic Iacoviello - Dowling & Partners Paul Newsome - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to Universal's Third Quarter 2023 Earnings Conference Call. As a reminder this conference call is being recorded. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0 ...

Universal Insurance Holdings, Inc. (NYSE:UVE) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Arash Soleimani - Chief Strategy Officer Steve Donaghy - Chief Executive Officer Frank Wilcox - Chief Financial Otter Conference Call Participants Paul Newsome - Piper Sandler Nic Iacoviello - Dowling & Partners Operator Good morning, ladies and gentlemen and welcome to Universal Second Quarter 2023 Earnings Call. As a reminder, this conference is being recorded. I would now like to ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number ...

Financial Data and Key Metrics Changes - The company reported a 23.9% annualized adjusted return on common equity and a 23.4% growth in adjusted diluted earnings per share year-on-year [3] - Adjusted diluted earnings per share increased to $0.79 from $0.64 in the prior year quarter, driven by higher net premiums earned, net investment income, and commission revenue [5] - Core revenue reached $316.3 million, up 8.8% year-over-year, primarily due to higher net premiums earned and net investment income [6] - The net combined ratio was 100%, reflecting a 2.1-point increase compared to the prior year quarter, attributed to a higher net loss ratio [6][7] Business Line Data and Key Metrics Changes - Direct premiums written were $410.1 million, up 3.4% from the prior year quarter, with 0.9% growth in Florida and 17.2% growth in other states [6] - Direct premiums earned increased to $455.4 million, up 9.8% from the prior year quarter, reflecting rate-driven growth [6] - Net premiums earned rose to $282.2 million, up 4.9% from the prior year quarter, primarily due to higher direct premiums earned [6] Market Data and Key Metrics Changes - The company noted a higher attritional initial accident year loss pick and higher prior year reserve development as a percentage of net premiums earned, contributing to the increase in the net loss ratio [7] - The net loss ratio was 73.1%, up 4.3 points compared to the prior year quarter, while the net expense ratio improved to 26.9%, down 2.2 points [7] Company Strategy and Development Direction - The company is optimistic about future stability and profitability due to recent legislative reforms in Florida, which are expected to improve rate adequacy and investment portfolio productivity [3] - The core all states property catastrophe reinsurance tower for the 2023-2024 period has been fully secured with no material changes to historical partners or terms [3] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the impact of tort reform on litigation and claims, noting a reduction in litigation and favorable signs for the future [10] - It was indicated that the benefits from legislative changes will take time to fully materialize as policies renew and new business comes onboard [11] Other Important Information - The Board of Directors declared a quarterly cash dividend of $0.16 per share, payable on May 19, 2023 [7] Q&A Session Summary Question: Changes in reinsurance terms and conditions - Management confirmed no changes in terms and conditions, with similar reinsurance costs expected as a percentage of premiums earned compared to the previous year [8] Question: Use of state's reinsurance offer - The company did not use the WRAP program in 2022 but elected to utilize it in 2023, which is below the FHCF level [9] Question: Impact of tort reform on claims - Management noted considerable reductions in litigation and expressed optimism about the future impact of tort reform on the business [10] Question: Movement in gross loss estimates for Hurricane Ian - Management confirmed that gross loss estimates for Hurricane Ian remain around $1 billion and do not expect it to increase [18]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________ FORM 10-K ________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or Common Stock, $0.01 Par Value UVE New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a w ...

ID: Universal Insurance Holdings, Inc. (NYSE:UVE) Q4 2022 Earnings Conference Call February 24, 2023 9:30 AM ET Company Participants Arash Soleimani - Chief Strategy Officer, CFA, CPA Steve Donaghy - CEO & Director Frank Wilcox - Chief Financial Officer Conference Call Participants Paul Newsome - Piper Sandler Nick Iacoviello - Dowling & Partners Operator Good morning, ladies and gentlemen. And welcome to Universal’s Fourth Quarter 2022 Earnings Conference Call. As a reminder, this conference call is being ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Num ...

Universal Insurance Holdings, Inc. (NYSE:UVE) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET Company Participants Arash Soleimani – Chief Strategy Officer Steve Donaghy – Chief Executive Officer Frank Wilcox – Chief Financial Officer Conference Call Participants Paul Newsome – Piper Sandler Nick Iacoviello – Dowling Operator Good morning, ladies and gentlemen, and welcome to Universal’s Third Quarter 2022 Earnings Conference Call. As a reminder, this conference call is being recorded. I would ...

Table of Contents For the transition period from to Commission File Number 001-33251 ________________________________________________________ UNIVERSAL INSURANCE HOLDINGS, INC. For the quarterly period ended June 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________ OR FORM 10-Q ________________________________________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...