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By The Online Investor Staff, updated Tue., May. 21, 8:39 AM

Slide #25. Universal Insurance Holdings, Inc.

Company: Universal Insurance Holdings, Inc. (NYSE:UVE)
$Amount Authorized: $40,000,000
Buyback Details: Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $40 million of its outstanding shares of common stock through December 31, 2020. This new authorization follows the existing $20 million share repurchase program that is expected to be completed in the second quarter of 2019.

Universal Insurance Holdings is an insurance company. Co. performs substantially all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally. Through its subsidiaries, Universal Property & Casualty Insurance Company and American Platinum Property and Casualty Insurance Company, Co. is engaged in the property and casualty insurance business offered primarily through a network of independent agents. Co.'s primary product is homeowners' insurance offered in 16 states as of Dec 31 2017, including Florida.

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Company Name:  Universal Insurance Holdings Inc
Stock buyback:  UVE buyback
Sector:  Insurance Brokers
Number of ETFs Holding UVE:  43
Total Market Value Held by ETFs:  $155.40M
Total Market Capitalization:  $1.00B
% of Market Cap. Held by ETFs:  15.48%

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May 21, 2019    8:39 AM Eastern
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