Universal Insurance (UVE) Investor presentation summary

Company overview

• Vertically integrated personal residential insurer, 13th largest in the U.S. with $2.2B premiums in force and 915,306 policies across 19 states as of March 2026.

• Leadership team averages 15 years tenure, with deep insurance, finance, and legal expertise.

• Operates through wholly-owned subsidiaries covering underwriting, claims, reinsurance, and distribution, supporting a diversified earnings stream.

• Earnings mix in 2025: 35% underwriting, 29% investment income, 25% commissions, 11% policy fees/other.

Market position

• Achieved 27 years of organic growth, with gross premiums written reaching $2.1B in 2025 and a 16.7% CAGR since 1998.

• Active in 19 states, with a strategy to diversify risk and avoid overexposure to severe-weather markets.

• Ranked 3rd in Florida and 13th nationally by homeowners direct premiums written in 2025.

• Florida accounts for 72% of premiums, 63% of policies, and 47% of total insured value.

• Multi-channel distribution includes 9,500+ independent agents and a digital agency, Clovered.

Competitive landscape

• Vertically integrated model provides structural advantages, including in-house reinsurance brokerage and claims/legal teams.

• 100% organic growth with no dependence on Citizens takeouts; peers face earnings pressure as Citizens' policy count drops 77% from 2023 peak.

• Florida Senate Bill 2A has reduced litigation and claims inflation, improving the operating environment and stabilizing margins.