Universal Insurance Holdings Files Registration Statement for Resale of Shares of Its Common Stock by Its President and CEO

Universal Insurance Holdings, Inc. UVE announced today that it filed a Form S-8 registration statement with the Securities and Exchange Commission under which its President and Chief Executive Officer, Bradley I. Meier, may from time to time sell up to 6,050,000 shares of common stock, and the Company may sell up to 2,400,000 shares of common stock issuable pursuant to the Company's Amended and Restated 2009 Omnibus Incentive Plan. Immediately prior to filing the Form S-8 registration statement, the Company withdrew its Form S-8 registration statement filed on November 22, 2010 under which no shares of common stock were sold. Mr. Meier advised the Company that his goal through potential stock sales is to gain financial diversification and to assist in tax planning. At May 6, 2011, Mr. Meier beneficially owned 16,355,258 shares of the Company's common stock, including options to purchase 1,950,000 shares of the Company's common stock at a weighted average exercise price of $4.35. Based on Mr. Meier's current beneficial ownership, if all of the 6,050,000 shares included in the registration statement are sold, Mr. Meier will beneficially own 10,305,258 shares, or approximately 26.2 percent, of the Company's outstanding shares of 39,387,998 at May 6, 2011.