Universal Insurance Holdings, Inc. Surveillance Report
Rating Summary
The ratings reflect Universal’s well-structured reinsurance program, strong market presence with efficient large-scale operations, seasoned and well-established management team, conservative investment portfolio, diverse distribution channels, and favorable holding company financial flexibility. Universal benefits from significant brand recognition and is a leading property writer in Florida, while ranking among the top 15 homeowners’ writers nationally based on direct written premium. The company maintains a sound catastrophe reinsurance program that provides robust protection against historical event recasts as well as multiple events, supported by management’s extensive reinsurance expertise and longstanding relationships with high-quality reinsurers. Universal’s conservative investment portfolio consists predominantly of high-quality fixed income securities and cash, with no exposure to below investment grade securities. The ratings also benefit from UVE’s recurring…
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