Tranche Update on Universal Insurance Holdings Inc.'s Equity Buyback Plan announced on January 2, 2014.
January 02, 2014 at 10:24 pm
Share
From January 2, 2014 to January 2, 2014, the company has repurchased 675,000 shares, for $7.5 million. With this, the company has completed the repurchase of 675,000 shares, for $7.5 million under the buyback announced on January 2, 2014.
Universal Insurance Holdings, Inc. is a holding company that offers property and casualty insurance and value-added insurance services. It develops, markets, and underwrites insurance products for consumers in the personal residential homeownerâs lines of business and other insurance-related services for its insurance entities, including risk management, claims management, and distribution. Its primary insurance entities include Universal Property & Casualty Insurance Company (UPCIC) and American Platinum Property and Casualty Insurance Company. UPCIC distributes policies through its independent agency force and offers various types of personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire. It also offers allied lines, coverage for other structures, and personal property, liability, and personal articles coverages. Through its subsidiary, Evolution Risk Advisors, Inc., it advises on actuarial issues and administers claims payments.
UNIVERSAL INSURANCE HOLDINGS, INC. 
