Tranche Update on Universal Insurance Holdings, Inc.'s Equity Buyback Plan announced on June 12, 2023.
April 25, 2024 at 04:23 pm EDT
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From January 1, 2024 to March 31, 2024, the company has repurchased 208,000 shares, representing 0.72% for $4.15 million. With this, the company has completed the repurchase of 1,320,953 shares, representing 4.44% for $20 million under the buyback announced on June 12, 2023.
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. 
