Universal Insurance (UVE) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 12, 2025, with shareholders voting on director elections, executive compensation, and auditor ratification.

• Company focuses on property and casualty insurance, primarily in Florida, with a strategy emphasizing underwriting profit, balance sheet resilience, and customer experience innovation.

• 2024 financial highlights include a 7.7% increase in direct written premiums, 9.3% revenue growth, and a return on average common equity of 16.5%.

• Over $44 million returned to shareholders through dividends and share repurchases in 2024.

Voting matters and shareholder proposals

• Shareholders will vote on the election of 12 director nominees, an advisory say-on-pay vote for executive compensation, and ratification of Plante & Moran, PLLC as the independent auditor for 2025.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2026 meeting must be submitted by December 26, 2025.

Board of directors and corporate governance

• Board consists of 12 nominees, nine of whom are independent; directors are elected annually.

• Five standing committees: Audit, Compensation, Nominating and Governance, Investment, and Risk, all chaired by independent directors.

• Board emphasizes director education, annual self-evaluations, and robust succession planning.

• Stock ownership guidelines require significant equity holdings by directors and executives.

• Lead independent director and executive sessions ensure independent oversight.