Universal Insurance Holdings, Inc. (NYSE:UVE) Q2 2022 Earnings Conference Call July 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 Operator Good morning, ladies and gentlemen. And welcome to Universal’s Second Quarter 2022 Earnings Conference Call. As a reminder, this conference call is being recorded. I would now like to turn the conference over to Arash Soleimani, ...

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, 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 Number ...

Financial Data and Key Metrics Changes - The company reported a 16.9% annualized return on equity, demonstrating resilience despite external challenges [6] - Adjusted EPS was $0.64, down from $0.84 in the prior year quarter, primarily due to a higher net combined ratio [11] - Total revenue reached $287.5 million, up 9.4% year-over-year, driven by higher direct premiums earned, commission revenues, and net investment income [12] Business Line Data and Key Metrics Changes - Direct premiums written increased by 8.5% year-over-year to $396.5 million, with Florida growing by 8.9% and other states by 6.4% [13] - Direct premiums earned rose by 10.4% year-over-year to $414.6 million, with rate increases being the main growth driver [13] - The net combined ratio was 97.9%, up 4.8 points year-over-year, reflecting a higher net loss ratio [14] Market Data and Key Metrics Changes - The company has reduced exposure to less profitable geographies and tightened underwriting criteria, which has positively impacted underwriting profitability [7] - Rising yields are benefiting investment income results, expected to continue as a tailwind moving forward [8] Company Strategy and Development Direction - The company is focused on improving underwriting profitability and prioritizing combined ratio improvement over topline growth [7] - The firm has secured over 85% of its core all states first event catastrophe reinsurance tower, indicating strong capital management [10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding potential tort reform in Florida, highlighting the need for legislative action to address cost and coverage issues [20][21] - The company maintains its guidance for 2022, including a GAAP and non-GAAP adjusted EPS range of $1.80 to $2.20, assuming no extraordinary weather events [16] Other Important Information - The company repurchased approximately 321,000 shares at a cost of $3.9 million, with $13.9 million remaining in the share repurchase authorization program [15] - A quarterly cash dividend of $0.16 per share was declared, payable on May 20, 2022 [15] Q&A Session Summary Question: Thoughts on potential Tort Reform in Florida - Management commended the Governor for taking action and expressed hope for meaningful discussions in the upcoming legislative session [20][21] Question: Concerns about rate adequacy in the Florida market - Management emphasized the focus on rate adequacy and sustainable profitability, despite competitive pressures [23] Question: Update on SB76 and the upcoming special session - Management expressed cautious optimism regarding SB76 and highlighted the importance of addressing legal fees and litigation structures [33][35] Question: Capital management and share repurchases - Management indicated strong capital position and willingness to utilize excess capital for share buybacks when appropriate [37] Question: Expense ratio outlook - Management noted that the current expense ratio is more indicative of future performance, with ongoing efficiencies being realized [38]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 UNIVERSAL INSURANCE HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ________________________________________________________ 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, 2021 or ☐ TRANSITION REPOR ...

Universal Insurance Holdings, Inc. (NYSE:UVE) Q4 2021 Earnings Conference Call February 25, 2022 9:00 AM ET Company Participants Rob Luther - Vice President, Corporate Development and Strategy and Investor Relations Steve Donaghy - Chief Executive Officer Frank Wilcox - Chief Financial Officer Conference Call Participants Tom Shimp - Piper Sandler Operator Good morning, ladies and gentlemen and welcome to the UVE Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-on ...

Universal Insurance Holdings, Inc. (NYSE:UVE) Q3 2021 Earnings Conference Call October 28, 2021 9:00 AM ET Company Participants Rob Luther - VP, Corporate Strategy and IR Steve Donaghy - CEO Frank Wilcox - CFO Conference Call Participants Tom Shimp - Piper Sandler Operator Good morning, ladies and gentlemen, and welcome to the UVE Third Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. ...

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, 2021 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 ...

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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNIVERSAL INSURANCE HOLD ...

Universal Insurance Holdings, Inc. (NYSE:UVE) Q2 2021 Results Conference Call July 29, 2021 9:00 AM ET Company Participants Rob Luther - VP, Corporate Strategy and IR Steve Donaghy - CEO Frank Wilcox - CFO Conference Call Participants Tom Shimp - Piper Sandler Nicolas Iacoviello - Dowling & Partners Operator Good morning, ladies and gentlemen, and welcome to the UVE Second Quarter 2021 Earnings Conference Call. At this time, all participant lines are in a listen-only mode. After the speakers' presentation, ...

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, 2021 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 00 ...