Universal Insurance Holdings: A Complete Guide

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Overview | History | Services | Financials | FAQs

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Overview

Universal Insurance Holdings is a leading provider of insurance products and services in the United States. The company offers a wide range of insurance solutions, including property and casualty insurance, homeowners insurance, flood insurance, and more. Headquartered in Fort Lauderdale, Florida, Universal Insurance Holdings has been serving its customers for over two decades.

With its commitment to providing high-quality insurance products and services, Universal Insurance Holdings has become a trusted, reliable name in the insurance industry. The company has received numerous accolades over the years, including the prestigious Demotech Financial Stability Rating of A, which is a testament to its financial strength, stability, and ability to meet its obligations to policyholders.

Our Mission

At Universal Insurance Holdings, our mission is to provide our customers with the highest quality insurance products and services at competitive prices. We strive to protect our customers’ homes, businesses, and personal assets from unexpected events and to provide them with the peace of mind that comes with knowing they are covered by a trusted insurer.

Our Values

At Universal Insurance Holdings, we are committed to the following core values:

Core Values
Value
Description
Integrity
We conduct ourselves with honesty and transparency in all of our dealings.
Customer Focus
We prioritize our customers’ needs and provide them with personalized, responsive service.
Innovation
We embrace new ideas and technologies to improve our products and services.
Teamwork
We work collaboratively to achieve our goals and deliver exceptional results.

History

Universal Insurance Holdings was founded in 1997 by Bradley I. Meier and Sean P. Downes. The company began as a small insurance agency in Fort Lauderdale, Florida, and quickly expanded to become a leading provider of insurance products and services in the United States.

Over the years, Universal Insurance Holdings has continued to grow and expand its product offerings. In 2013, the company acquired American Platinum Property and Casualty Insurance Company, which allowed it to offer a wider range of insurance solutions to its customers. Today, Universal Insurance Holdings is a publicly traded company and operates through its subsidiary, Universal Property & Casualty Insurance Company.

Milestones

Milestones
Year
Event
1997
Universal Insurance Holdings is founded by Bradley I. Meier and Sean P. Downes.
2003
The company goes public and is listed on the NASDAQ stock exchange.
2013
Universal Insurance Holdings acquires American Platinum Property and Casualty Insurance Company.

Services

Universal Insurance Holdings offers a wide range of insurance solutions to meet the needs of its customers. Its products include:

Property and Casualty Insurance

Universal Insurance Holdings provides property and casualty insurance to protect businesses and individuals from financial loss due to unexpected events, such as fire, theft, or natural disasters. Its products include:

  • Commercial property insurance
  • General liability insurance
  • Business owners’ policies
  • Commercial auto insurance

Homeowners Insurance

Universal Insurance Holdings provides homeowners insurance to protect homes and personal property from damage or loss due to unexpected events, such as fire or theft. Its products include:

  • Homeowners insurance
  • Condominium insurance
  • Renters insurance

Flood Insurance

Universal Insurance Holdings provides flood insurance to protect homes and businesses from damage or loss due to flooding. Its products include:

  • Residential flood insurance
  • Commercial flood insurance

Financials

Universal Insurance Holdings is a financially stable and sound company that is well positioned for future growth. As of December 31, 2020, the company had:

  • Total assets of $2.1 billion
  • Total equity of $874.7 million
  • Total revenues of $1.1 billion
  • Net income of $157.5 million

Universal Insurance Holdings has consistently demonstrated its financial strength and stability. In fact, the company has been awarded the prestigious Demotech Financial Stability Rating of A, which is a testament to its ability to meet its obligations to policyholders.

FAQs

What types of insurance does Universal Insurance Holdings offer?

Universal Insurance Holdings offers property and casualty insurance, homeowners insurance, and flood insurance.

Where is Universal Insurance Holdings headquartered?

Universal Insurance Holdings is headquartered in Fort Lauderdale, Florida.

Is Universal Insurance Holdings a publicly traded company?

Yes, Universal Insurance Holdings is a publicly traded company listed on the NASDAQ stock exchange.

What is the Demotech Financial Stability Rating?

The Demotech Financial Stability Rating is a rating system that evaluates the financial stability of insurance companies. A rating of A or better indicates that the insurance company is financially stable and able to meet its obligations to policyholders.

What is Universal Insurance Holdings’ mission?

Universal Insurance Holdings’ mission is to provide its customers with high-quality insurance products and services at competitive prices.

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