Contact Information: Investor Contact: Philip Kranz Dresner Corporate Services 312-780-7240 pkranz@dresnerco.com
Universal Insurance Holdings, Inc. Named One of America's Fastest-Growing Small Public Companies by Fortune Small Business Magazine
| Source: Universal Insurance Holdings, Inc.
FORT LAUDERDALE, FL--(Marketwire - July 8, 2009) - Universal Insurance Holdings, Inc.
("Company") (NYSE Amex : UVE ), a vertically integrated insurance holding
company, announced today that it has been named to the Fortune Small
Business magazine 2009 'FSB 100' list of 'America's fastest-growing small
public companies.' Universal Insurance Holdings ranked #2 on the list,
which can be found at the following Web address:
http://money.cnn.com/magazines/fsb/fsb100/2009/full_list/
According to Fortune Small Business, the 2009 'FSB 100' list was compiled
by identifying U.S.-domiciled firms with annual revenues of less than $200
million and a stock price greater than $1. Additionally, the companies were
ranked by stock performance and revenue growth over the past three years,
with a new requirement of no negative growth in any of the most recent four
quarters.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings, Inc. (UIH) is a vertically integrated
insurance holding company, which through its various subsidiaries, covers
substantially all aspects of insurance underwriting, distribution, claims
processing and exposure management. Universal Property & Casualty Insurance
Company (UPCIC), a wholly owned subsidiary of UIH, is one of the five
leading writers of homeowners' insurance in Florida and is now fully
licensed and has commenced its operations in Georgia, Hawaii, North
Carolina and South Carolina. Additionally, the Company has also filed an
application to the Texas Department of Insurance to form a separate
property and casualty subsidiary to write homeowners' insurance coverage in
Texas. For additional information on the Company, please visit our
investor relations Web site at www.universalinsuranceholdings.com
Readers should refer generally to reports filed by the Company with the
Securities and Exchange Commission (SEC), specifically the Company's Form
10-K for the year ended December 31, 2008, and the Company's Form 10-Q for
the quarterly period ended March 31, 2009, for a discussion of the risk
factors that could affect its operations. Such factors include, without
limitation, exposure to catastrophic losses; reliance on the Company's
reinsurance program; underwriting performance on catastrophe and
non-catastrophe risks; the ability to maintain relationships with
customers, employees or suppliers; competition and its effect on pricing,
spending and third-party relationships; the Company's financial stability
rating; product pricing and revenues; and the effect of Federal or state
laws and regulations. Additional factors that may affect future results
are contained in the Company's filings with the SEC, which are available on
the SEC's web site at http://www.sec.gov. The Company disclaims any
obligation to update and revise statements contained in this press release
based on new information or otherwise.